Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
30,213 total articles
BTIG technical strategist Jonathan Krinsky warns the technology sector's recent selloff is likely not finished, estimating roughly 9%-10% more downside for broad tech and 14% or more for semiconductor-focused names as momentum reverses and positioning normalizes. He points to extreme prior readings, key ETF behavior and moving-average targets as th…
Aker BP and TotalEnergies increased their ownership percentages in Norway's Johan Sverdrup oilfield after an independent review redetermined stakes based on updated technical and production data. Aker BP's holding rose modestly to 31.7163% and TotalEnergies' to 8.72%, while state-owned Petoro's share was reduced. The adjustments reassign historic p…
Flex shares climbed in pre-market activity after S&P Dow Jones Indices confirmed the electronics contract manufacturer will be added to the S&P 500 on June 22, 2026, replacing The Campbell’s Company. The move satisfies S&P’s market-cap and profitability criteria and comes amid a series of bullish developments, including a Barclays price-target incr…
German utility Uniper has entered a preliminary agreement to potentially take 2 million tonnes per year of liquefied natural gas from the proposed Ksi Lisims export project in British Columbia. The non-binding letter of interest was disclosed in a joint statement and follows a similar arrangement by another German firm. The facility is planned for …
Micron Technology surged 6.9% in pre-market trading following a more than 13% drop in the prior session, as investors weighed a weekend AI memory partnership and Micron's certified supplier status and capacity commitments against continued macro uncertainty ahead of the next Federal Reserve decision.
Bending Spoons, a Milan-headquartered digital applications company that owns Vimeo, Evernote and other consumer software services, has submitted an initial public offering registration with the U.S. Securities and Exchange Commission. The company expects its shares to trade on the Nasdaq Global Select Market under the ticker BSP, with Goldman Sachs…
SanDisk stock climbed in pre-market trading after two major brokerages raised price targets, with BofA citing constructive signals from a company presentation and noting that more than one-third of fiscal 2027 revenue is already committed under new business model contracts. The memory and storage sector's bounce helped, but SanDisk outpaced peers e…
Wix.com announced a major organizational restructuring that will eliminate about 1,000 roles - approximately 20% of its workforce - and simultaneously reduced its fiscal 2026 guidance, citing operational disruption from the cuts and an abrupt deceleration in its Partners segment in late May and early June. The shares fell sharply in pre-market trad…
Shares of Tango Therapeutics (TNGX) climbed 45% after the company disclosed initial Phase 1/2 results showing a 92% objective response rate for a vopimetostat and daraxonrasib combination in pancreatic cancer, along with a 90% six-month progression-free survival. Separate data for vopimetostat plus zoldonrasib showed a 52% response rate and 74% six…
SanDisk's stock jumped in premarket trading after major Wall Street firms increased price targets, highlighting constrained NAND supply, robust near-term pricing and contractual customer supply commitments that support margins. Analysts raised revenue and earnings forecasts for fiscal 2027 and emphasized that new business model contracts, guarantee…
Campbell’s reported adjusted third-quarter earnings per share of $0.50, narrowly outpacing analyst expectations of $0.49, while revenue fell 4% year-over-year to $2.4 billion. The results showed signs of resilience in pricing but continued margin compression from inflation, supply chain costs and softer volume across core categories. Management hel…
Uber has launched a waitlist inside its app for customers in London who want to ride in a robotaxi when driverless service begins in the UK later this year. The program will pair riders with autonomous vehicles supplied by Wayve and will initially include a licensed operator behind the wheel; a full unmanned service will require further approvals f…
Deutsche Bank Research has downgraded National Grid Plc from "buy" to "hold", cutting its price target from 1,370p to 1,250p. The bank cited stretched valuation after allowance adjustments and rising uncertainty about UK government policy, noting prediction markets put the probability of a new Labour prime minister this year above 80% with Andy Bur…
Shares of Wix.com Ltd. fell about 10% on Monday after the company disclosed a workforce reduction of roughly 1,000 employees - about 20% of its headcount - as part of an organizational realignment announced May 28, 2026. Management said it will scale back or discontinue selected activities, initiatives, products and subsidiaries to redirect resourc…
Bending Spoons S.p.A. has submitted a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a potential initial public offering of its ordinary shares, seeking a listing on the Nasdaq Global Select Market under the symbol BSP. The company named a group of international banks as lead and joint book-running managers.…
Quantum Space has agreed to merge with SPAC Inflection Point Acquisition in a transaction that values the combined business at roughly $1.2 billion. The agreement includes a $300 million PIPE led by Inflection Point Asset Management and is intended to fund acceleration of the company's Ranger spacecraft program and expansion of manufacturing capaci…
Remy Cointreau shares climbed nearly 4% after UBS upgraded the stock to neutral from sell and raised its 12-month price target to €44. The move follows the announcement of the RC Forward transformation plan and full-year results showing mixed performance: top-line pressure, an EBIT beat, improved cash conversion, and a halved dividend.
Campbell’s Co reiterated its full-year guidance after reporting a 4% drop in third-quarter net sales, as subdued U.S. consumer spending and movement toward lower-cost and private-label brands weighed on demand. The company’s adjusted quarterly EPS beat estimates thanks to supply-chain optimization and cost-savings initiatives, but management expect…
Bank of America analysts say the distinctions between sports wagering, speculative crypto trading, and traditional financial markets are fading. The bank identifies perpetual futures and increased gamification on prediction platforms and sportsbooks as near-term areas of innovation that could open new revenue streams for betting operators.
Eli Lilly shares rose ahead of the market after the company released complete results from two retatrutide trials at the American Diabetes Association meeting. The lower 4 mg dose produced roughly 19% weight loss with tolerability comparable to existing therapies, prompting analysts to say the drug could strengthen Lilly’s leadership in the obesity…
Cerebras Systems (NASDAQ: CBRS) rose 4% after nine major brokerages initiated coverage following the end of the company's post-IPO quiet period. Analysts emphasized Cerebras' wafer-scale Wafer-Scale Engine (WSE), its advantage in fast inference, and sizable commercial contracts with OpenAI and AWS as the basis for aggressive revenue and market-size…
Tango Therapeutics Inc saw a steep pre-market rise, climbing roughly 65% to $33.36, after what market participants viewed as a material development around its lead PRMT5 inhibitor program, vopimetostat (TNG462), tested in combination with Revolution Medicines' RAS(ON) inhibitors in MTAP-deleted pancreatic and lung cancers. Analysts had been buildin…
Cognizant Technology Solutions jumped in pre-market trading after Wedbush upgraded the stock to Outperform and boosted its price target from $56 to $70. The broker highlighted accelerating traction for Cognizant's AI Builder initiative, a 70% increase in total contract value and the prospect that large enterprise deals will convert to revenue in th…
S4 Capital's stock fell after a June 4 trading update that left full-year 2026 like-for-like net revenue guidance below investor expectations. The company projected revenue in a consensus range of
Bank of America warns that Friday's steep fall in the Nasdaq-100 appears to have initiated a coordinated reduction in systematic long equity exposures, and that an additional decline of roughly 90 basis points to 2% could prompt broader CTA deleveraging. The bank highlights record selling from leveraged and inverse ETFs, historically elevated SPX g…
