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.
18,060 total articles
Vlad Yatsenko, Revolut's co-founder and current chief technology officer, will step down from his executive role in July and transition to a non-executive director position on the company's board. Donato Lucia, presently Revolut's head of technology, will assume leadership of the technology function under the new title of vice president of technolo…
During a joint press appearance in Stockholm, Sweden's Defence Minister Pal Jonson said Brazil has indicated interest in possibly purchasing an additional 20 Gripen E and F fighters from Saab. The planes would be manufactured in Brazil under the Embraer-Saab production arrangement that began in 2023. Brazil originally agreed to buy 36 Gripens in 20…
Jade Biosciences shares plunged in pre-market trading after the company priced a sizeable secondary offering well below the prior session close. The planned sale of 10 million shares at $15.00, with a 30-day option for underwriters to buy an additional 1.5 million shares, created dilution concerns and anchored near-term price expectations, while a …
Goldman Sachs upgraded Wartsila from Sell to Neutral and raised its 12-month price target to €34 from €26.30 after boosting adjusted EBIT estimates for 2026-2029 by 12-18%. The change follows the company’s announcements of substantial capacity investments that together increase technical production capacity by 65% above 2025 levels and a management…
ITV's chief executive, Carolyn McCall, said the broadcaster remains in active discussions with Comcast's Sky about a potential sale of its media and entertainment arm. McCall declined to provide further specifics at the Enders TMT Leaders Live conference, citing ITV's obligations as a publicly traded company. The proposed transaction, first announc…
SAP stock jumped in pre-market trading after the vendor used its Sapphire 2026 conference to outline a sweeping AI strategy called the "Autonomous Enterprise," backed by an immediate rollout of assistant and agent capabilities, a €100 million partner AI fund, an intended acquisition of Dremio, and a substantial commitment to Prior Labs. The moves, …
Solidion Technology Inc. (NASDAQ:STI) saw its shares climb 200% on Thursday after revealing a patented Generation Extreme-Climate Battery (Gen-ECB) platform designed to function across a wide temperature range for space applications. The company highlighted graphene-based thermal and radiation protections, demonstrated cycle life at cold temperatur…
Bank of America upgraded UnitedHealth Group to Buy from Neutral and lifted its price target to $450 from $420, citing improving medical-cost trends and near-term utilization data that set up a favorable second-quarter earnings backdrop. Analyst Kevin Fischbeck says BofA's revised estimates place the new target at 21.4x 2027 figures and that the fir…
BofA Securities upgraded Epiroc AB to Buy from Underperform and FLSmidth to Buy from Neutral, citing a wave of copper project final investment decisions (FIDs) over the next four years. The bank sees material upside to upstream original equipment orders in 2026-2027 and raised price targets for both Epiroc and FLSmidth, while reiterating its Buy on…
Shares of 3D Systems Corp tumbled more than 14% in premarket trading after the company priced a $50 million follow-on offering. The Rock Hill, South Carolina-based 3D printer maker sold roughly 16.4 million shares at $3.05 apiece, an increase from an initially planned $40 million and a 15.5% discount to the prior close. The company said net proceed…
Wolfe Research says momentum-style stocks are likely to keep driving market gains so long as semiconductors remain in a leadership position and market breadth does not broaden. Momentum has been the top-performing investment factor year-to-date, outpacing 3-month earnings-per-share revisions and liquidity, and the firm cautions that the current lea…
Quantinuum, formed from the merger of Honeywell's quantum hardware operations and Cambridge Quantum's software business, is slated to begin trading in the United States after completing an upsized initial public offering that raised $1.68 billion. Investor enthusiasm has been strengthened by a recent U.S. government initiative to take equity positi…
Universal Music Group has repurchased part of the stake sold by Bill Ackman's Pershing Square following the investor's unsuccessful takeover attempt. The buyback covered more than 14 million ordinary shares for roughly €250 million at €17.66 each. Pershing had been attempting to offload about 80.6 million UMG shares in an overnight placing after th…
RTX climbed in pre-market trading after Raytheon secured a $515 million U.S. Navy contract for SPY-6 radar systems and Jefferies upgraded the stock to Buy with a higher price target. The contract supports production ramp-up plans and the analyst upgrade raised near-term EPS forecasts and valuation assumptions, helping the stock outperform a retreat…
BofA Securities and Barclays both raised price targets for ASML on June 4, pointing to stronger demand visibility into 2028 and mounting evidence that the Dutch lithography specialist can boost extreme ultraviolet (EUV) capacity despite present constraints. The upgrades reflect higher unit forecasts, revised financial models and supplier hiring sig…
Bitcoin tumbled to its lowest level in almost four months, pressured by geopolitical anxiety, sizeable institutional redemptions from U.S. spot Bitcoin ETFs and a corporate seller’s first disposal of Bitcoin in years. The cryptocurrency’s decline pulled down shares of crypto-related firms, from exchangers to miners, as investors rotated capital int…
Parabilis Medicines has submitted an S-1 to pursue a U.S. initial public offering of up to $475 million, proposing 25 million shares at $17 to $19 apiece and a Nasdaq listing under the symbol PBLS. Regeneron Pharmaceuticals has agreed to buy about $75 million of common stock via a concurrent private placement. The company outlined planned use of pr…
Yardeni Research urged investors to treat short-term retreats in the S&P 500 as buying opportunities and reiterated a year-end target of 8,250. The firm pointed to a powerful rebound led by Information Technology and hefty gains in forward earnings, while flagging potential near-term headwinds from shifting Fed policy, rising short-term Treasury yi…
T-Mobile has opened a global capability center in Hyderabad and has set a hiring target of nearly 1,000 employees by 2027, the Telangana state government said. The company has leased 250,000 square feet in the city and will staff the centre with teams working on software engineering, DevOps, product development, data analytics and cybersecurity. Of…
India's benchmark indices ended Thursday with slight gains, supported by advances in Consumer Durables, Capital Goods and Oil & Gas names. The Nifty 50 rose 0.05% and the BSE Sensex added 0.02%. Titan Company led gains on both indexes, while Infosys and several financial and industrial names lagged.
CATL, the world’s largest battery manufacturer, expects energy storage to account for half of its global sales by 2030, up from roughly 25% today. Company executives cite rising renewable penetration and regional grid constraints as key demand drivers, while noting cost pressures from raw materials and a need to improve safety through testing infra…
Boundless Group, a Cayman Islands-incorporated holding company that conducts its business through subsidiaries in China, filed a prospectus to offer 6,650,000 Class A ordinary shares at an expected price of $4.00 per share. The company has applied to list the shares on the Nasdaq Capital Market under the ticker symbol BLTG and has stated the offeri…
Goldman Sachs initiated coverage of Prosus N.V. and Naspers Ltd with neutral ratings, establishing a €41 price target for Prosus and a ZAR 902 target for Naspers. The bank applied a 35% discount to a one-year forward net asset value for Prosus, citing limited buyback and operational momentum that it expects will leave the current roughly 30% discou…
Puma shares rose about 7% after Citigroup upgraded the stock to Buy from Neutral and raised its price target to €35, citing a potential China-driven growth cycle following Anta Sports' planned 29% stake acquisition. Citi projects strong China revenue growth, significant upside to Asia-Pacific forecasts and margin expansion over the coming years, wh…
Burckhardt Compression's stock dropped sharply after the company reported fiscal 2025 results and issued a subdued outlook for fiscal 2026. New order intake fell nearly one-third year-on-year, management guided for lower revenue and margins versus recent results, and geopolitical and currency pressures are cited as the primary headwinds. While net …
