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.
30,220 total articles
Multiple Wall Street firms downgraded Wix.com following a weaker-than-expected first-quarter report that highlighted growing competitive pressure from AI-powered coding tools and rising costs tied to the company’s Base44 acquisition. The stock fell sharply, analysts trimmed earnings and cash flow forecasts, and management lowered its free cash flow…
Tate & Lyle PLC shares jumped sharply after Ingredion Incorporated tabled a proposal to acquire the company in a cash offer that could amount to 615 pence per share when proposed dividends are included. Trading in Tate & Lyle was halted for volatility as the two parties enter discussions and the UK takeover timetable sets a deadline for a firm inte…
Wolfe Research has maintained a bullish posture on AI chip makers heading into earnings season, upgrading its estimates for Nvidia and Broadcom while again naming Nvidia its highest-conviction idea. Analyst Chris Caso said earlier cloud capex worries have eased after strong first-quarter reports and that hyperscaler spending intentions continue to …
Nvidia CEO Jensen Huang said Thursday that President Donald Trump called him and invited him to join the U.S. business delegation traveling to a summit in Beijing. Huang was added to the delegation after his name did not appear on an earlier list; he reported flying to Alaska to board Air Force One. Trade and opening China to U.S. businesses are ex…
U.S. Treasury Secretary Scott Bessent told CNBC that China’s already-agreed purchases under the Busan agreement mean soybeans are 'all taken care of,' reducing expectations that Beijing will raise its buying target. Markets are instead focused on how China will implement last year’s pledge to import 25 million metric tons annually through 2028, whi…
Biogen shares climbed sharply in pre-market trading after the company posted topline results from the Phase 2 CELIA study of diranersen (BIIB080), an antisense oligonucleotide aimed at lowering tau protein production. While the trial did not meet its primary dose-response endpoint, Biogen described the data as "the first study to show reduction in …
Forgent Power Solutions climbed roughly 20% in pre-market trading after reporting fiscal Q3 2026 revenue of $379 million, more than double the $186 million recorded a year earlier, and raising full-year revenue guidance to $1.35 billion-$1.39 billion. Management's revised midpoint of $1.37 billion topped prior analyst consensus, and the company now…
Precigen surged in pre-market trading following a first-quarter 2026 report that far exceeded expectations, driven primarily by PAPZIMEOS sales. Revenue rose to $23.3 million versus $1.3 million a year earlier, with PAPZIMEOS contributing $21.6 million. The company narrowed its net loss to $7.9 million and signaled confidence in reaching cash flow …
POET Technologies' stock climbed about 16% after the company disclosed a supply and development agreement with Lumilens that includes an initial $50 million purchase order for Electrical-Optical Interposer-based engines and a supplier arrangement that could total $500 million over five years. The pact also grants Lumilens a warrant to buy up to 22,…
Canadian Solar Inc. shares tumbled in pre-market trading after the company reported Q1 2026 results that included a one-off $93 million IEEPA tariff refund. While headline metrics showed a beat, management warned of significantly lower gross margins for Q2 and announced a CEO transition, amplifying investor concern about near-term profitability.
U.S. Treasury Secretary Scott Bessent said he expects an announcement about large Chinese purchases of Boeing aircraft during President Donald Trump’s visit to Beijing. In a CNBC interview recorded earlier on Thursday, Bessent described talks about broader purchases, proposed governance mechanisms for trade and investment, and measures to ensure no…
Breville Group shares fell about 2.5% to trade as low as A$28.03 amid a wider market downturn and sector-level selling. With no earnings, analyst moves, or corporate announcements tied to the slide, investors appear to be reacting to macroeconomic signals including inflation data, energy-driven price pressures and domestic budget projections rather…
Versant Media reported first-quarter revenue above expectations, driven by a large increase in content licensing and stronger sales from digital platforms such as Fandango. The company’s biggest segment, Linear Distribution, continued to decline as subscriber losses persist. Event-related programming and new CNBC initiatives supported audience enga…
Biogen shares rose roughly 10% after the company announced positive Phase 2 CELIA results for diranersen, an antisense oligonucleotide targeting tau. The 18-month trial in 416 participants reported robust, dose-spanning reductions in tau pathology and cognitive analyses showing slowed clinical decline, particularly at the lowest tested dose, though…
At the start of May, an AI-driven rebalancing in a published ProPicks strategy exited several high-flying stocks, securing sizable April gains before those names reversed sharply. Hims & Hers Health and Klaviyo were notable examples: the models identified attractive entry points, recorded 38.2% and 27.5% returns respectively, and removed the stocks…
BofA Securities upgraded ThyssenKrupp Marine Systems from underperform to neutral after citing stronger order visibility, improved program execution and a valuation discount versus peers. The bank lowered its applied multiple to reflect a broader sector de-rating while pointing to a growing backlog and several large potential contracts that could l…
Wolfe Research cautions that higher oil prices tied to the Iran conflict could prompt some global central banks to tighten policy even if the Federal Reserve does not, creating risks for markets including a potential carry trade unwind tied to a stronger yen. The firm notes that U.S. equities have so far shown little reaction, while longer-term bon…
Morgan Stanley upgraded Danish offshore wind developer Orsted to Overweight from Equal-weight and added the stock to its top picks, boosting its price target to 225 DKK from 160 DKK. The bank cited favorable U.S. court decisions on key projects, a heightened European policy emphasis on energy security, and valuation and balance-sheet metrics that s…
Sanwa Holdings Corp. shares climbed 3.11% to ¥3,646 following the company’s release of full-year consolidated financial results for the fiscal year ended March 31, 2026, published on May 14, 2026. Intraday trading saw a range from ¥3,445 to ¥3,728. Market expectations were already oriented toward upside on construction segment strength and the firm…
Cerebras Systems is scheduled to begin trading on the Nasdaq on May 14 after completing an upsized initial public offering that raised $5.55 billion and values the company at $56.43 billion on a fully diluted basis. The wafer-scale chip designer, a competitor to Nvidia, has drawn intense investor interest as AI-focused spending fuels elevated valua…
Doximity shares plunged after its fiscal Q4 2026 results delivered an adjusted EPS shortfall and management set a conservative fiscal 2027 outlook. Revenue modestly beat forecasts, but heavy near-term AI investments and a weak healthcare provider digital pharma ad market pushed guidance and margins lower, prompting several sell-side downgrades and …
Cisco shares rose sharply in pre-market trading after the company reported record revenue and adjusted earnings that outpaced expectations, raised its AI infrastructure orders outlook, and unveiled a restructuring plan aimed at reallocating investment toward AI-related areas. Management also signaled sizable future AI revenue potential, and the res…
Trend Micro Inc. shares slipped after the company reported first-quarter fiscal 2026 results that beat earnings estimates and showed modest ARR growth, but management left its full-year consolidated outlook unchanged. Investors focused on the absence of an upgraded guidance and the company's note of increased investment that could pressure operatin…
Burberry Plc's stock tumbled 8% to 1,069.5p following the release of preliminary FY2026 results for the 52 weeks ended 28 March 2026. While the luxury house reported a recovery in adjusted operating profit and highlighted strong fourth-quarter momentum in Greater China and the Americas, a slight revenue shortfall, the decision not to pay a dividend…
Crux, a New York-based project finance startup founded in 2023, obtained a $500 million debt facility from Nuveen Energy Infrastructure Credit to support environmentally focused projects. The firm, which facilitates the sale and transfer of tax credits for clean-energy developers, says the financing will expand its capacity to act as a general part…
