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.
23,620 total articles
Jefferies revisited its application software coverage after sizeable underperformance across the group and, using a new AI Risk Matrix alongside company-specific fundamentals, highlighted four stocks it prefers for the AI transition: Intuit, Procore Technologies, Atlassian and Salesforce. The firm shifted several other app names to Hold because of …
Verisk Analytics said it entered into accelerated share repurchase (ASR) agreements totaling $1.5 billion with HSBC Bank USA, N.A. and Wells Fargo Bank, N.A. The stock rose 1.5% on the news. The transactions include an initial delivery of about 7.0 million shares and are expected to settle no later than the company’s third fiscal quarter ending Sep…
UBS updated its geopolitical framework and identified a group of European oil companies it believes are well positioned to benefit if an Iran-related risk premium pushes crude prices higher. The bank sees upstream-exposed producers and certain oil services and chemicals businesses as likely near-term beneficiaries, while integrated majors with disc…
Veris Residential will be taken private in a $3.4 billion cash transaction led by an investor consortium headed by Affinius Capital in partnership with Vista Hill Partners. The $19.00 per-share offer represents a 13% premium to the most recent close and follows a strategic review supported by J.P. Morgan and Morgan Stanley.
RBC Capital Markets upgraded Banco Santander to outperform from sector perform and raised its price target to €12.25 from €8.50 ahead of the bank’s Investor Day on Feb. 25. The brokerage’s revised view rests on a projected improvement in return on tangible equity, a planned self-help cost reduction, and substantial shareholder distributions under a…
U.S. stock futures traded lower Monday as investors weighed renewed trade uncertainty following a Supreme Court decision on emergency tariffs. Several notable premarket movers included a steep decline for Novo Nordisk after a failed obesity drug trial, gains for Eli Lilly and Domino’s Pizza, and a large rally in Arcellx after a takeover agreement w…
Finnish quantum computing company IQM has agreed to merge with special purpose acquisition company Real Asset Acquisition Corp., a move that would bring the startup to the New York Stock Exchange with an initial equity valuation of $1.8 billion. The transaction, contingent on shareholder and regulatory approvals, is targeted to close around June, w…
Corning Inc. shares continued their advance after a late-week rally, supported by a UBS price-target increase and analyst commentary that rising hyperscaler capital expenditures should boost optical fiber demand within data centers. Long-term contracts with large cloud providers, including Meta, and planned capacity expansion underpin the bullish o…
Wells Fargo says the U.S. Supreme Court decision invalidating tariffs imposed under the International Emergency Economic Powers Act (IEEPA) is likely to prompt companies to accelerate inventory rebuilding. The brokerage is bullish on cyclicals, commodities and small-cap stocks, citing an expected re-stocking cycle, a modest lift to S&P 500 earnings…
RBC Capital’s U.S. equity strategy team says recent tariff developments do not change its longer-term constructive view on U.S. equities. Head of U.S. equity strategy research Lori Calvasina told clients that near- to intermediate-term effects range from "having little impact" to being "slightly positive," and that companies have demonstrated the a…
Merck announced a reorganization that splits its human-health operations into two businesses, isolating its cancer franchise anchored by Keytruda from its non-oncology medicines. The move comes as Keytruda faces an impending loss of patent protection after generating nearly half of Merck's revenue in 2025 and more than $30 billion in sales that yea…
Three former colleagues who previously worked together at Farrer and received initial backing from Millennium Management in 2024 are launching separate commodity-focused hedge funds targeting a combined $1.4 billion. Les Finemore and Al Fullerton have formed Moreton Capital Partners, aiming for $1 billion with an AI-enhanced quantitative approach, …
Novo Nordisk fell sharply after its next-generation obesity medicine CagriSema failed to demonstrate parity with Eli Lilly’s tirzepatide in a head-to-head trial. The share price drop wiped out the remaining market gains from Wegovy’s launch and pushed the stock to its lowest levels since mid-2021, reigniting concerns about competition and future re…
Futures tied to Canada’s primary equity benchmark eased on Monday as investors weighed the implications of recent U.S. trade-policy developments. The S&P/TSX 60 futures were slightly lower in early trading after the composite index posted weekly gains and a record closing high last week. U.S. moves on tariffs - including a Supreme Court rebuke of e…
Goldman Sachs downgraded Rio Tinto from "buy" to "neutral" and reduced its 12-month price target by 6% to £74 per share, saying the miner's roughly 60% share price appreciation over the prior six months leaves little room for further gains. The bank's target is based on an equal weighting of 1x net asset value and a 5.5x EV/EBITDA multiple. Goldman…
Generate Biomedicines has submitted paperwork for a U.S. initial public offering that proposes selling 25 million shares at $15 to $17 apiece, a sale that could raise up to $425 million. The Cambridge, Massachusetts-based company, founded in 2018, develops therapeutics by applying machine learning to protein design and lists immunology, oncology an…
Wells Fargo upgraded Alphabet to Overweight and raised its price target to $387 from $354, saying Google’s combination of customer data, distribution and accelerating compute capacity positions it to lead the next phase of artificial intelligence. The bank's Project Google capacity analysis forecasts a major expansion in compute resources through 2…
Citi has promoted Texas Instruments (TXN) and Monolithic Power Systems (MPWR) to its highest Buy ratings among analog semiconductor names after the latest earnings season, citing a shift to what it calls Phase 2 of the cycle. The bank highlights margin tailwinds at Texas Instruments and stronger-than-industry enterprise data product growth at Monol…
The U.S. Supreme Court will hear two consecutive cases that test the reach of the Helms-Burton Act, a 1996 statute permitting U.S. lawsuits over property nationalized by Cuba after 1959. One case involves Exxon seeking more than $1 billion from Cuban state entities for oil and gas assets seized in 1960. The other addresses judgments against four cr…
Pernod Ricard shares fell more than 3% on Monday following a downgrade from Deutsche Bank, which moved the stock from "hold" to "sell". The bank said a roughly 20% year-to-date rally has outstripped the company's underlying performance. The downgrade highlights concerns over leverage, the pace of earnings recovery, and consensus expectations for a …
Shares of silver producers listed in the U.S. and Canada moved higher in premarket trading on Monday after spot silver rose 2.6% to $86.73 per ounce, reaching its strongest level in more than two weeks. Market participants attributed the bullion advance to a dip in the U.S. dollar following a U.S. Supreme Court decision related to tariffs.
Domino's Pizza Inc. reported fourth-quarter revenue that topped analyst expectations and added net new stores globally, even as adjusted earnings per share slightly missed forecasts. The company recorded growth in U.S. and international same-store sales, expanded its global footprint, raised its dividend, and generated materially higher free cash f…
Domino’s Pizza shares rose in premarket trading after the company reported fourth-quarter U.S. same-store sales that outpaced analyst projections. Domestic traffic was aided by value-focused promotions and new menu offerings, while international same-store sales came in below forecasts. Quarterly earnings per share improved year-over-year but fell …
Domino’s Pizza reported U.S. same-store sales growth that exceeded Wall Street expectations, lifted by price-driven promotions, fresh menu introductions and expanded delivery reach. The chain’s shares rose in premarket trading after the results, though international sales underperformed and quarterly earnings per share fell slightly short of analys…
Automakers are accelerating development of so-called eyes-off driving systems, classified as Level 3 autonomy, which would allow drivers to divert their attention from the road until the vehicle requests takeover. While companies including Ford, General Motors and Honda have announced plans to pursue this capability, others have paused or shelved e…
