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.
13,980 total articles
Shares of Dell Technologies fell sharply in morning trading after UBS cut its rating from Buy to Neutral, saying accelerating AI server demand is largely priced in. The bank raised its price target to $243 from $167 and highlighted that the stock's strong 12-month performance has narrowed the risk/reward profile, prompting profit-taking ahead of De…
Shares of Beazer Homes jumped sharply in morning trading after rival builder Dream Finders Homes submitted a $704 million all-cash proposal to buy all outstanding Beazer shares at $25.75 per share. The offer, representing about a 40% premium versus Beazer's May 5, 2026 closing price, is non-binding but was unanimously approved by Dream Finders' boa…
The Philadelphia Semiconductor Index has climbed substantially this year, a move Bernstein attributes mainly to earnings growth rather than valuation expansion. Analyst Stacy Rasgon points to a 69% rise in blended next-12-month (NTM) earnings estimates for the SOX since the start of the year while the sector P/FE multiple is down about 2%. Bernstei…
Monday.com shares climbed sharply after the company posted a substantial Q1 2026 earnings beat, reported robust customer and revenue metrics, unveiled an AI Work Platform with consumption-based pricing, agreed to acquire OneAI, and announced a large share repurchase. The combination of these results and strategic actions powered an intraday rally, …
The European Commission has proposed changes to state aid rules for smaller airports, citing the bloc's decarbonisation targets and the energy crisis. The draft lowers the size threshold for investment aid tied to green conditions and removes the need for prior approval for operating aid at very small airports. Stakeholders have until June 11 to co…
The Baltic Exchange's dry bulk freight index rose on Monday as charter rates increased across capesize, panamax and supramax vessel classes. The main index climbed 23 points to 3,001, while capesize and panamax segments posted higher daily earnings. Iron ore futures extended gains for a sixth session on positive data from China, which provided furt…
Futures tied to Canada's principal stock market moved slightly lower Monday after U.S. President Donald Trump signaled apparent rejection of Iran's answer to a U.S. proposal to end hostilities. The S&P/TSX 60 futures fell marginally while the broader S&P/TSX composite last week closed at its highest level since April. In the U.S., futures were subd…
Primoris Services Corporation (NYSE: PRIM) climbed 3.5% in premarket trading Monday after Mizuho upgraded the stock from Neutral to Outperform while lowering its price target to $135 from $175. Analyst Maheep Mandloi called renewable execution problems transitory, adjusted revenue and EBITDA forecasts, and applied a reduced multiple to account for …
Morgan Stanley reduced its rating on Intesa SanPaolo to equal-weight from overweight and cut its price target to €6.60 from €6.80, pointing to constrained growth prospects and a lack of near-term catalysts. The firm adjusted some earnings forecasts for 2026-2028 and outlined projections for interest, fee income and profitability metrics, while noti…
Goldman Sachs moved CNH Industrial from Buy to Neutral and reduced its 12-month price target to $10.50 from $12.00, saying the stock is now fairly valued after substantial outperformance. The change was issued as part of a wider review of Europe’s capital goods sector following first-quarter 2026 results, which showed robust order growth led by AI …
Norway's petroleum safety regulator has authorized Equinor to commence gas production from the recently completed Troll Phase 3 stage 2 facilities. The development, built to accelerate gas output under the 2018 Troll phase 3 plan, includes eight new wells and a new flowline to the Troll A platform and represents a NOK 12 billion investment with an …
OpenAI has established the OpenAI Deployment Company, a majority-owned and controlled entity designed to help large enterprises take AI projects beyond pilot stages to organization-wide deployments. The platform consolidates 19 investment firms, consultancies and system integrators, will incorporate 150 engineers and deployment specialists from Tom…
European defense equities have retraced sharply in 2026 after a prolonged rally, as investors weigh procurement delays, fiscal constraints and lofty valuations. Barclays argues the market reaction has been too severe in parts of the sector and retains overweight ratings on Rheinmetall and Leonardo, pointing to strong order books, exposure to ammuni…
Cowboy Space Corp., founded by Robinhood co-founder Baiju Bhatt, raised $275 million in a Series B round that values the company at $2 billion. Led by Index Ventures with participation from Blossom Capital and existing backers including Breakthrough Energy Ventures and Andreessen Horowitz, the San Carlos startup plans to build data centers in orbit…
Interlink Electronics reported that it has entered a non-binding letter of intent to acquire a provider of high-performance manufacturing solutions that serves the semiconductor, defense, laser and photonics, commercial high-tech, and aerospace markets. The potential target reported more than $33 million of revenue and about $4 million of EBITDA fo…
Money transfer company Wise will begin trading on the Nasdaq with its primary listing moved from London to New York, while retaining a secondary London listing. The company reported $243 billion in cross-border volume for the fiscal year ended March 31, a 31% increase year-on-year, and is pursuing U.S. regulatory steps that could lower costs and sp…
Google's Threat Intelligence Group reported that a well-known cybercrime collective leveraged artificial intelligence to discover a previously unknown vulnerability and develop an exploit for it. The effort targeted a widely used open-source system administration utility but was stopped before it could be deployed in a large-scale attack. Researche…
Piper Sandler released an updated Tesla valuation framework that places the combined value of 17 discrete Tesla product lines at about $400 per share without assigning any value to the Optimus humanoid robot business. The firm maintains an Overweight rating and a $500 price target, implying substantial optionality for Optimus and related services.
Qualcomm shares rallied sharply in pre-market trading after the company reported fiscal second-quarter results that beat consensus, disclosed plans to ship data center chips to a large hyperscaler within the calendar year, and announced increased buybacks and a higher dividend. Several analysts raised ratings and price targets, while a temporary US…
Lumentum Holdings (LITE) advanced about 6% in pre-market trading to $903.8 after Nasdaq confirmed the company will join the Nasdaq-100 Index effective before the open on May 18, 2026, replacing CoStar Group (CSGP). The scheduled index inclusion, a string of analyst price-target increases following Q3 FY2026 results and upbeat management guidance fo…
A review of SEC filings disclosed on Friday highlights a series of director and officer purchases at smaller-cap companies alongside multi-million-dollar dispositions by large investment groups. SmartRent's CEO and several InspireMD directors added stock positions; NXG NextGen Infrastructure Income Fund and a Sonos director completed modest transac…
OpenAI is forming a new, majority-owned company with more than $4 billion in initial capital to help enterprises design, build and deploy AI systems. The firm will acquire AI consulting specialist Tomoro to bring roughly 150 engineers and deployment specialists into the new unit immediately. The effort is backed by a multi-year partnership with 19 …
U.S.-listed shares of gold producers fell in premarket trading after spot gold slipped 0.4% to $4,696.35 an ounce. The pullback in bullion was attributed to rising oil prices that have heightened inflation concerns and the risk of prolonged higher interest rates. Geopolitical negotiations between the U.S. and Iran showed limited progress, with Tehr…
Inhibrx reported positive interim Phase 2 data from the HexAgon study, where INBRX-106 combined with pembrolizumab produced a 44.0% confirmed objective response rate versus 21.4% for pembrolizumab alone in treatment-naïve, PD-L1 positive metastatic or unresectable recurrent head and neck squamous cell carcinoma. The announcement preceded an 11.7% p…
U.S. energy stocks moved higher in Monday premarket trading as Brent and West Texas Intermediate futures rallied following comments from President Donald Trump about Iran's response to a U.S. peace proposal. The Strait of Hormuz remained largely closed, contributing to worries about tighter global supply and prompting gains across majors, producers…
