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.
14,449 total articles
Goldman Sachs reported higher first-quarter profit, driven by record revenues from equity trading intermediation and financing and a sizeable rise in investment banking fees. Elevated market volatility linked to the Iran war has lifted client demand for portfolio reassessment and hedging, benefiting trading desks, though fixed income, currencies an…
Pershing Square USA has unveiled a dual initial public offering arrangement that pairs a closed-end investment company, Pershing Square USA (PSUS), with a new parent entity, Pershing Square Inc. (PSI). PSUS shares are set at $50 apiece, and purchasers will receive one PSI share at no additional cost for every five PSUS shares acquired. The combined…
Nicola Mining Inc. has set the terms for an underwritten public offering of 930,233 American Depositary Shares (ADSs) and accompanying warrants, priced at $6.45 per ADS, with expected gross proceeds of $6.0 million before underwriting discounts and expenses. The offering includes a 45-day option for underwriters to purchase additional ADSs and warr…
Bank of America moved ON Semiconductor to a Buy rating while trimming NXP Semiconductors to Neutral in its first-quarter analog semiconductor preview. The bank highlighted differences in artificial intelligence product exposure and potential earnings leverage as the main factors behind the changes, and adjusted price targets accordingly.
Best Buy (NYSE:BBY) shares dropped about 4% on Monday after Goldman Sachs lowered its rating from Neutral to Sell and set a $59 price target. Analyst Kate McShane cited potential headwinds beyond the first quarter - including rising memory costs, margin compression, and reduced shipment volumes from manufacturers - even as near-term benefits from P…
Jefferies has upgraded Evonik Industries AG from "underperform" to "hold" and lifted its price target to €15.10 from €12.20, citing easing supply pressures and a reset dividend policy. Despite the upgrade, Jefferies says a broader recovery in demand is not yet evident and its revised valuation still sits below the stock's trading level, implying ro…
Northland Capital Markets raised its price target on Intel to $92, driven by a revised valuation of the company’s manufacturing assets and the strategic significance of recent partnerships and capital transactions. The firm increased the multiple applied to Intel’s property, plant and equipment from 1x to 3x in its sum-of-the-parts valuation, and p…
IDEAYA Biosciences shares climbed 27% on Monday after topline results from the Phase 2/3 OptimUM-02 trial demonstrated a statistically significant median progression-free survival advantage for darovasertib combined with crizotinib versus investigator choice of therapy in first-line metastatic uveal melanoma. The trial met its primary endpoint, and…
The U.S. dollar strengthened Monday morning as energy prices rose and equity markets pulled back after weekend developments, a dynamic Goldman Sachs attributes more to relative terms of trade shifts than to pure risk sentiment. Gains were concentrated in commodity-linked currencies and select emerging-market units, while the Hungarian forint rallie…
Bernstein revised its ratings for leading European carriers following a sharp rise in the jet fuel forward curve in the wake of the Iran conflict. The research house upgraded Ryanair to outperform while cutting easyJet and Wizz Air to market-perform, citing about a $200/MT increase in forward jet fuel prices that has reshaped the sector's earnings …
HSBC is maintaining its most bullish stance on risk assets since Liberation Day, keeping a maximum overweight allocation to equities and favoring emerging market Asia, Japan and Europe. The bank says investors do not require a full resolution of Middle East tensions for markets to recover - marginal improvements will suffice - and highlights resili…
Indian stock benchmarks closed lower with the Nifty 50 down 0.86% and the BSE Sensex off 0.91%. Losses were concentrated in the Auto, Oil & Gas and Fast Moving Consumer Goods sectors. Market breadth favored declines, volatility rose and key commodities and currencies moved notably during the session.
U.S. equity benchmarks closed mixed as a fragile U.S.-Iran ceasefire and persistent inflation data kept markets on edge. The S&P 500 edged down but still logged its best weekly gain since November, the Nasdaq benefited from semiconductor strength, and the Dow retreated. Investors now turn to the start of first-quarter earnings, heavy with bank resu…
The Bank of England published updated operational guidance on Monday outlining how it could apply the UK resolution regime if a bank were to fail. The guidance clarifies how the Bank might carry out transfers of failing business and revises its bail-in playbook, including a new option that gives affected creditors non-transferable contingent benefi…
Bank of America has reiterated its preference for Argenx (ARGX) and Vertex Pharmaceuticals (VRTX) as its leading large-cap biotechnology picks for 2026, assigning price targets of $1,013 and $598, respectively. The firm points to Argenx's robust performance of Vvygart across multiple neuropathies and several pending phase 3 readouts as potential ca…
The new federal requirement that Medicaid enrollees work or volunteer to retain benefits is scheduled to take effect on January 1. States and insurers say the $200 million allocated to help implement the mandate will not be sufficient in many cases, and detailed federal guidance on exemptions, documentation and verification is not expected until Ju…
Venezuela’s push to attract foreign capital into its gold, iron and bauxite deposits has received explicit support from the Trump administration and newly enacted legislation enabling foreign participation. Yet miners, community leaders and activists in the southeastern state of Bolivar warn that entrenched illegal mining networks, armed groups, al…
Jefferies' equity research shows Aena's March passenger traffic rose 3.9% year-over-year, surpassing February's 2.8% gain and exceeding capacity growth of 3.1%. Analysts retained a Buy rating, citing upside to returns under the next DORA regulatory cycle and pointing to upcoming catalysts including a CNMC report and first-quarter results.
Bank of America reports that the U.S. now uses roughly one-third of the oil required per unit of GDP compared with the 1970s. Using a VAR model, the bank finds a 10% oil price shock now raises inflation by about 25 basis points versus 90 basis points in the 1970s, and trims growth by roughly 5 basis points versus over 70 basis points previously. Bo…
Eni's chief executive, Claudio Descalzi, said the European Union should rethink its timetable to phase out Russian gas imports beginning in 2027, arguing there is uncertainty about how to replace roughly 20 billion cubic meters of Russian supply that supports power station flexibility. He made the remarks at a political event and also described the…
Nemetschek SE shares fell more than 5% on Monday following a UBS downgrade to "sell" from "neutral" and a sharp cut to its 12-month price target. UBS cited multi-year subscription contracts that boosted recent Design division growth but may reverse into a near-term drag, prompting cuts to growth and earnings forecasts and a valuation reassessment.
Chile's state copper producer was fined by labor authorities after a July rock burst at its El Teniente underground mine that killed six contract workers, with three contractors receiving substantially higher penalties under Chile's split-liability framework. Records released through public-records requests detail violations tied to accident report…
J.P. Morgan analysts now expect UK lenders to lift their revenue guidance for fiscal 2026 following a material repricing of short-term interest rate expectations. The firm raised price targets for NatWest and Lloyds while holding Barclays unchanged, citing a notable increase in five-year swap rates and stronger-than-expected net interest income tra…
Goldman Sachs says UK equities, particularly mid-cap stocks, have adjusted sharply since the US-Iran ceasefire, bringing valuations to levels consistent with little or negative economic activity. The brokerage trimmed its UK growth outlook and expects energy flows and prices to normalise gradually, while noting sectoral divergences within domestic …
European companies start reporting first-quarter results this week into a challenging backdrop that strategists at Deutsche Bank and UBS regard as likely to curb profit upside. Consensus market forecasts for a strong earnings rebound in 2026 are seen as optimistic by both banks, which flag a weaker dollar, rising input costs, and geopolitical uncer…
