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.
8,960 total articles
Citi reduced its price target for Micron Technology on Tuesday, citing a roughly 6% fall in mainstream DDR5 16GB spot pricing since Micron's last report. The bank cut its target by 17% to $425 from $510, while leaving its earnings estimates unchanged and retaining a Buy rating. Citi highlighted ongoing negotiations between memory suppliers and hype…
The UK’s Competition and Markets Authority will begin a Strategic Market Status investigation in May to determine whether Microsoft holds dominance in business software markets. The probe examines an ecosystem that includes Windows, Word, Excel, Teams and Copilot and follows findings of a prior cloud market inquiry that raised licensing and market …
Agios Pharmaceuticals shares climbed 12% on Tuesday after the company disclosed progress in discussions with the U.S. Food and Drug Administration aimed at securing accelerated approval for mitapivat in sickle cell disease. Agios has submitted a proposal for the confirmatory clinical trial the FDA recommended and expects to file a supplemental New …
Scholar Rock (NASDAQ: SRRK) saw its stock jump 12% after the company resubmitted a Biologics License Application for apitegromab, a therapy for spinal muscular atrophy. The resubmission names Catalent Indiana LLC, part of Novo Nordisk, and an additional U.S.-based fill-finish facility. The company expects FDA acceptance within 30 days and a review …
Bank of America Securities upgraded Shake Shack to Neutral from Underperform and raised its price target to $101 from $88, pointing to menu innovation and supply-chain improvements as central to its more constructive outlook. The analysts highlighted new test items and a value app menu as drivers of steadier same-store traffic, and identified suppl…
U.S. futures moved higher early Tuesday as markets reacted to reports that the U.S. President told aides he would be open to exiting the war in Iran without a large reopening of the Strait of Hormuz. Energy names showed mixed performance while consumer staples, technology and healthcare software drew attention after company-specific news ahead of t…
Alkermes shares surged 13% after Eli Lilly disclosed plans to acquire Centessa Pharmaceuticals. The transaction will pay $38.00 in cash per Centessa share plus one non-transferable contingent value right (CVR) with up to $9.00 of additional potential consideration, making the total possible payment $47.00 per share. The upfront cash values Centessa…
Geely Holding and Volvo Cars chair Li Shufu called on Volvo Cars to expand collaboration with related brands such as Polestar and Geely Autos and to reinforce its research and development presence in China. Speaking at the automaker's annual general meeting, Li warned that operating alone risks obsolescence and pointed to the company's recent asset…
Nebius Group announced plans to construct a 310 MW AI factory in Lappeenranta, Finland, with initial capacity slated to be available to customers in 2027. The project strengthens the company’s push toward more than 3 GW of contracted power by the end of 2026, follows a recent expansion in Mäntsälä, and includes a closed-loop liquid cooling design w…
Aehr Test Systems (NASDAQ: AEHR) shares climbed 13% following announcement of an initial equipment order from a large customer that is a global networking-products leader and a significant supplier to the data center optical transceiver market. The multi-system purchase spans engineering qualification and planned high-volume production, and shipmen…
Nick Hampton, who became Tate & Lyle's CEO in April 2018 after joining the company as CFO in 2014, is reportedly preparing to step down after eight years leading the food ingredients supplier. The company has engaged headhunters to identify a replacement and a departure could occur as soon as this year. Tate & Lyle's shares have fallen sharply unde…
Novo Nordisk is rolling out subscription pricing for self-paying U.S. patients using Wegovy, with fixed monthly fees that decline for longer commitments. The programme, available through several telehealth platforms, reduces list self-pay prices by roughly 6% to 29% for the injectable and 3% to 17% for the oral form, aiming to broaden access and co…
Barclays upgraded Domino’s Pizza UK & Ireland from underweight to equal weight and set a 190p price target versus a March 27 closing price of 171p. The broker pointed to stronger-than-expected franchisee profitability in FY25 and management’s decision to halt pursuit of a standalone chicken brand as key drivers for the change. Barclays modelled a r…
Delta Air Lines has chosen Amazon's Leo low-Earth-orbit satellite service to provide in-flight Wi-Fi on 500 narrow-body aircraft starting in 2028. The deal marks a notable customer gain for Amazon’s space business as it competes with SpaceX’s Starlink for aviation contracts. Amazon Leo currently has roughly 200 satellites in orbit and hundreds more…
McCormick reported first-quarter revenue and adjusted earnings above analyst expectations driven by steady consumer demand for its seasonings and condiments. The Hunt Valley, Maryland-based spice maker said it is in advanced discussions to acquire Unilever's food business, a move that could form a roughly $60 billion combined company. The quarter s…
Amazon’s Leo satellite internet unit has agreed to supply in-flight Wi-Fi to 500 Delta Air Lines aircraft starting in 2028, marking its second major airline partnership and intensifying competition with SpaceX’s Starlink as Amazon accelerates satellite launches and seeks regulatory leeway to complete its constellation.
Centessa Pharmaceuticals stock spiked more than 46% in premarket trading after Eli Lilly disclosed a definitive agreement to acquire the clinical-stage biotech. The transaction is valued at up to $7.8 billion, with an upfront cash payment of about $6.3 billion and additional contingent value rights linked to regulatory outcomes.
Deutsche Bank moved Diageo to a buy rating from hold while cutting its price target to 1,650p from 1,790p, reflecting downgraded earnings estimates and expected margin compression. The bank forecasts a recovery in profitability in FY27 but models EPS well below consensus for FY27 and FY28, and assumes notable EBIT margin reductions in North America…
Barclays forecasts a marked recovery in earnings for European energy companies, citing higher crude and natural gas prices, improved refining margins and potential trading gains amid increased market volatility. Updated forecasts place FY26 estimates well ahead of consensus, while returns on capital are expected to climb to levels last seen when Br…
Wells Fargo analyst Ohsung Kwon reduced the bank's year-end S&P 500 target from 7,800 to 7,300, citing the Iran war as a new, material risk that was not part of the firm's baseline for 2026. The bank's PRSM model still points to a positive 12-month return, supported by earnings upgrades for 2026 and 2027, but Kwon warns that market pricing already …
Ashmore Group saw its shares climb more than 4% after announcing a strategic partnership with Japan Post Insurance that includes an initial targeted commitment of about $1 billion into Ashmore-managed emerging markets strategies and the potential for Japan Post Insurance to buy up to a 2.9% equity stake in Ashmore via open-market purchases. The dea…
The National Highway Traffic Safety Administration has initiated an inquiry into approximately 75,300 model-year 2006 Nissan Frontier pickup trucks following a petition that raised concerns about possible fuel leaks. The petitioner described a persistent raw gasoline odor and incidents of sudden engine stalling at startup and while driving, which t…
Barclays told clients that U.S. equities remain attractive even as some valuation measures are high. The bank highlights the S&P 500 trading at 19x next‑12‑month earnings as an appealing entry given a 15% EPS growth forecast for 2026, supported by an improving macro backdrop, resilient earnings and a widespread capital expenditure cycle across hype…
Spain’s Aena won the concession to operate Rio de Janeiro’s Galeao international airport with a 2.9 billion reais bid, a deal that will make it the largest airport operator in Brazil by passenger share. The concession runs until 2039, is extendable by five years, and gives Aena full control of the airport. Aena said Galeao produced nearly 500 milli…
Barclays identifies Epiroc and Sandvik as its preferred mining-equipment names, arguing that a distinct gold-driven spending cycle will concentrate revenue and order growth among firms with significant gold exposure. The bank forecasts an 8% rise in global mining capex this year, with gold capex rising sharply through 2026 while other commodities s…
