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.
23,117 total articles
The Indian government said it will sell up to 2% of its holding in Indian Railway Finance Corp (IRFC) via an offer for sale (OFS). The divestment secretary posted that the government will divest 1% outright and may sell an additional 1% if investor demand supports it. The non-retail tranche opens on Wednesday and the retail tranche on Thursday. The…
Chewy Inc. stock rose 3.5% following TD Cowen analyst William Kerr's reaffirmation of a Buy rating and a $34.00 price target. Kerr designated Chewy as the firm's Best Smidcap Idea for 2026, pointing to several initiatives - including CVC and Modern Animal, advertising, automation, Chewy+, and generative AI - that he expects will support revenue and…
Carnival Corp warned that third-quarter adjusted earnings per share will come in below analyst expectations as nearly 30 percent higher fuel costs and ongoing geopolitical tensions pressure margins. The company reiterated an earlier estimate that higher fuel prices would exceed $500 million in impact, and said its quarterly adjusted EPS is expected…
Robinhood Markets shares fell sharply in morning trading after the company priced a $2.0 billion private placement of 0.00% convertible senior notes due October 1, 2029. Investors reacted to the potential for future shareholder dilution despite measures the company took to limit conversion impact; the stock hit an intraday low near $101 before reco…
Inspire Medical Systems stock fell in morning trading after Evercore ISI downgraded the shares from Outperform to In Line and cut its price target to $40 from $55, pointing to persistent reimbursement coding obstacles and uncertain near-term revenue. The rejection of a standalone CPT code at a May panel, management's projection that coding uniformi…
Seagate Technology shares tumbled in morning trading as a widespread selloff in memory and storage stocks - sparked by a near-10% collapse in South Korea's KOSPI index - pushed investor sentiment into risk-off territory. The company also faced a downgrade from Fox Advisors and ongoing valuation concerns, compounding the market-driven weakness.
Susquehanna Financial Group opened coverage of SpaceX (SPCX) with a Neutral rating and a $170 price objective. Analyst Charles Minervino highlighted the company’s leadership in rocket launches, growth potential at Starlink, and an emergent AI business tied to xAI, while warning that current market pricing requires premium multiples on very aggressi…
Shares of Inspire Medical Systems fell about 2.5% after Evercore ISI downgraded the stock from Outperform to In Line and reduced its price target to $40 from $55. The analyst cited persistent medical coding uncertainty - with a potential path to coding uniformity not expected until January 2028 - alongside internal operational challenges including …
Carnival Corporation reported second-quarter results that beat analyst expectations on both adjusted earnings per share and revenue, and recorded a year-over-year rise in adjusted net income. Despite the beat, the company set third-quarter and full-year 2026 guidance modestly below consensus, and said geopolitical volatility has weighed on bookings…
Amdocs Ltd reported that its Store Genie AI-driven customer service platform has been deployed at PLDT Home in the Philippines, prompting a 2.1% rise in Amdocs shares in premarket trading. The company said the agentic AI solution, running on its aOS and Amazon Web Services with Amazon Bedrock AgentCore Gateway, has sharply reduced resolution times …
Wendy’s has named industry veteran Steve Cirulis, 55, as its new chief financial officer effective immediately. The move replaces Ken Cook, who will stay on as an adviser through July to support the handover. The appointment follows last month’s elevation of Robert Wright to president and CEO and comes as the fast-food chain contends with weak dema…
Morgan Stanley upgraded CDW to Overweight and revised upward its outlook for several IT hardware vendors, citing unexpectedly resilient enterprise server demand. The bank raised its 2026 global server market forecast to $809 billion, expects growth to extend into 2027, and increased price targets for CDW and TD Synnex while lifting revenue and earn…
Robinhood Markets announced a private placement of $2.0 billion aggregate principal amount of 0.00% convertible senior notes due 2029, priced to qualified institutional buyers, prompting a roughly 6% premarket decline in the stock. The company expects net proceeds near $1.97 billion and outlined specific allocations, including a $290 million simult…
Walmart has entered two 15-year contracts with Constellation Energy to purchase roughly 176 megawatts of nuclear-generated electricity from the Dresden Clean Energy Center in Illinois to power a new perishable distribution facility under development in Belvidere. The contracts, beginning in 2029 and 2030, include 30 megawatts of additional output c…
Meta Platforms unveiled a set of lower-priced AI-equipped smart glasses made with EssilorLuxottica. Two baseline models, Adventurer and Fury, carry a $299 price tag while a Kylie Jenner-designed Starfire model is priced at $399. The frames include Meta's Muse Spark AI, adjustable nose pads, and a range of frame and lens options, and are positioned …
Goldman Sachs' equities trading arm is on track to post more than $5 billion in revenue for the second quarter, a performance that executives believe could exceed the $5.3 billion generated in the first quarter. The bank attributes the strength to higher trading and financing volumes in Asia and significant hedge-fund interest in investments tied t…
Cardinal Infrastructure Group’s stock slid sharply in pre-market trade after the company disclosed an underwritten public offering of 3,750,000 Class A shares priced at $79.02 each, plus a 30-day option for underwriters to buy up to 562,500 additional shares. The transaction, which could result in roughly 4.3 million new shares issued by the compan…
Gorilla Technology Group (NASDAQ:GRRR) saw its shares rise 7% Tuesday after securing a five-year AI compute infrastructure contract valued at about $2.5 billion with a high investment-grade global technology customer. The agreement calls for deployment at the NeutraDC Batam data centre in Indonesia, beginning with roughly 1,000 B300 GPU servers exp…
Signify shares plunged to an all-time low after management said it would not resume the share repurchase programme announced in 2025 and unveiled a new dividend policy targeting a 40-50% payout ratio of continuing net income. The firm also set 2029 medium-term targets that were broadly in line with or slightly ahead of consensus, but investors reac…
Insider filings made public on Monday highlight several high-value transactions across U.S. listed companies. Notable purchases include acquisitions by the chief executive and chief financial officer at ConnectM Technology Solutions and a preferred-stock buy by Strategy Inc's president and CEO. On the sell side, large blocks from WaterBridge Infras…
Alan Gagloyev, the president of South Ossetia, announced his immediate resignation and said he will take up an advisory role within Russia's presidential administration to help implement a treaty with Russia that he said advances the territory's long-held aim of joining Russia. He has handed over the presidency to his prime minister.
Finland's transport authority says it could approve Tesla's supervised Full Self-Driving (FSD) assistance software ahead of a broader European Union decision expected in October 2026, contingent on supplementary information on key safety assessments. Traficom described its overall view of the system as positive while examining how the technology ha…
Boundless Bio Inc. stock jumped 76.5% in premarket trading after the company and private Serapha Bio Inc. announced a definitive all-stock merger agreement. The combined company will operate under the Serapha Bio name, trade on Nasdaq as AATD, and concentrate development on SERP-01, an investigational in vivo base editing therapy for Alpha-1 Antitr…
Platinum Equity is the only remaining bidder pursuing a 50% stake in Nestle SA's bottled water business after Clayton, Dubilier & Rice left the process. Discussions are ongoing but there is no guarantee a deal will be completed, and key parties have declined to comment. The move is part of Nestle's strategy to concentrate on its core brands under C…
Alphabet's stock slid sharply after several senior figures from its AI organization left for competing firms, stoking investor anxiety about talent competition. Jefferies countered that the departures reflect an industry-wide battle for scarce AI researchers rather than a weakening of Alphabet's position, keeping a Buy rating and a $445 price objec…
