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.
30,001 total articles
Bank of America analysts argue that gold mining stocks are undervalued relative to the current price of bullion. Despite recent declines in the metal driven by a stronger dollar and a more hawkish Federal Reserve posture, BofA’s valuation work suggests shares are pricing gold at a meaningful discount to spot. Central bank demand and longer-term str…
Shares of Praxis Precision Medicines rose after the U.S. Food and Drug Administration granted Breakthrough Therapy Designation to elsunersen for treating seizures tied to SCN2A Developmental and Epileptic Encephalopathy. The designation was based on positive Phase 1/2 EMBRAVE Part A data showing a 77% sham-adjusted reduction in monthly seizures and…
Cleveland-Cliffs Inc. (CLF) fell in premarket trading after Morgan Stanley lowered its rating on the stock from Overweight to Equalweight even as the firm raised its steel price outlook. The analyst maintained a $12.50 price target and said much of the upside from high hot-rolled coil prices is already baked into equities, while noting potential up…
ECARX Holdings announced a definitive agreement to acquire the entire Flyme software portfolio for RMB 1.8 billion (about $266 million). The deal transfers 100% of equity in a newly carved-out entity that holds Flyme Auto and Flyme OS, with financing expected to be roughly 70% syndicated 10-year bank loans and 30% internal funding. Management accou…
Fervo Energy said it has partnered with Nvidia and the Pacific Northwest National Laboratory to develop EGS-Twin, a digital twin platform for enhanced geothermal systems. The announcement sent Fervo shares up 11.1% in premarket trading Monday. The initiative will use Fervo’s Nevada and Utah field data, Nvidia AI infrastructure and PNNL high-perform…
On June 22 Sinda kicked off its U.S. initial public offering roadshow, seeking a valuation of up to $1.97 billion. The Electrum Group-backed exploration firm is proposing to sell 17.75 million shares at $11.25 to $13.25 each, potentially raising as much as $235.2 million. The offering arrives amid a pickup in new listings, with other companies laun…
AbbVie’s $10.9 billion acquisition of Apogee Therapeutics continues a recent wave of large-scale deals by U.S.-based pharmaceutical and biotechnology firms. Over the past decade, companies have pursued assets across immunology, oncology, neurology, rare diseases, obesity treatments and diagnostics. The list below compiles major transactions reporte…
ITG, a Hendersonville, Tennessee-based digital infrastructure firm owned by Oaktree Capital Management, has filed to list on Nasdaq under the symbol ITG, targeting a valuation of as much as $2.67 billion. The company plans to raise up to $429.3 million by selling 19.5 million shares at $19 to $22 each as part of an active post-SpaceX IPO market. IT…
JPMorgan says battered consumer cyclicals may be forming a bottom and could outperform in the second half of 2026. Analyst Mislav Matejka points to multi-year low price relatives, undemanding valuations and depressed consumer confidence, and highlights catalysts including lower oil prices, reduced tariff rates and the potential for a U.S. consumer …
Ligand Pharmaceuticals shares fell in pre-market trading following the firm's disclosure of a private placement of $550 million in convertible senior notes due September 2031, with an underwriter option for an additional $82.5 million. The debt issuance, structured as a Rule 144A offering to qualified institutional buyers, raises both leverage and …
ITG, a Tennessee-based provider of outsourced digital infrastructure services, filed to list on the Nasdaq and aims to raise up to $429.3 million by offering 19.5 million Class A common shares at a $19 to $22 price range. At the top of that range, the offering would imply a $2.67 billion valuation. The company and a selling stockholder are providin…
Definium Therapeutics' stock climbed sharply in pre-market trading after the company reported that its Phase 3 Emerge trial for DT120 ODT met the study's primary endpoint in major depressive disorder, showing an 8.1-point placebo-adjusted improvement on the Montgomery-Åsberg Depression Rating Scale at Week 6. Shares rose 38.9% to $34.01 pre-open as…
Credo Technology shares jumped in pre-market trading after Evercore ISI launched coverage with an Outperform rating and a $325 price target, the most bullish call on the street. The firm highlighted Credo’s potential transition from a copper-centric AI connectivity supplier toward a combined copper and optical solutions platform, forecasting rapid …
BofA Securities highlights two European industrial names as preferred ideas amid muted industrial production and margin pressures. The broker argues current valuations imply a cancellation of recovery rather than a temporary delay, recommending KION Group and Jungheinrich as buys on the view that both stocks trade at depressed multiples despite exp…
Lime, the San Francisco-based electric bike and scooter rental company backed by Uber, has filed for a U.S. initial public offering that could value the business at as much as $1.66 billion. The company and certain selling shareholders intend to offer roughly 6.96 million shares at a proposed range of $24 to $26 per share, with Lime selling the vas…
Ambiq Micro's stock fell in pre-market trade after the company filed a Form S-1 registration statement disclosing an underwritten public offering that could increase the share count meaningfully. The filing, dated June 22, 2026, outlines up to 1,800,000 new shares with an underwriters' overallotment option that could bring the total to 2,070,000 sh…
Deutsche Bank raised its target prices for three major European network carriers after marking unhedged fuel assumptions lower in response to a decline in the forward fuel curve. The firm increased targets for Air France-KLM, International Airlines Group (IAG) and Deutsche Lufthansa, adjusted unhedged jet fuel cost assumptions for late 2026 and 202…
Bernstein has increased its price targets for Samsung Electronics, SK Hynix and Micron Technology, citing an expected substantial rise in high-bandwidth memory (HBM) prices. The broker warns that higher HBM and other memory costs could push hyperscaler data center capital expenditures up by as much as 30%, while leaving KIOXIA unchanged under an Un…
Shares of Credo Technology Group rose 3.5% on Monday after Evercore ISI analyst Mark Lipacis began coverage with an Outperform rating and a $325 price target. Evercore’s note argues the market underestimates Credo’s addressable opportunity as the company expands from copper Active Electrical Cable (AEC) systems into optical DSPs, Silicon Photonics …
Toronto stock-index futures were essentially unchanged as falling crude prices were balanced by a rebound in gold, while attention turns to the upcoming Consumer Price Index reading for May. The underlying S&P/TSX Composite finished a volatile week with a modest decline, and markets are watching core inflation metrics which could influence Bank of …
Volkswagen AG has initiated sales of its Volkswagen and Jetta brands in Uzbekistan, marking the first instance the automaker is handling an export market entirely through its China operations. The launch includes an initial network of 13 sales locations planned for this year, a model lineup led by Tiguan L Pro, Passat Pro and Teramont Pro, and a ro…
Hermès shares slid about 5.0% after a Kepler Cheuvreux analyst warned of substantial margin pressure in the luxury group's forthcoming first-half 2026 results, citing underabsorbed fixed costs and foreign exchange headwinds and trimming profit and EPS forecasts. The move compounds weakness that began after the company's Q1 2026 revenue report and p…
Robinhood Markets announced a private placement of $2.0 billion in convertible senior notes due Oct. 1, 2029, with an option for purchasers to add $200 million more, triggering a 2.7% pre-market slide as investors weighed dilution risk. Management said it will use about $300 million of net proceeds for a Class A share repurchase and pursue capped c…
Citi Research upgraded Pepco from neutral to buy and raised its price target to ZL 40 from ZL 31, pointing to what it calls a turning point in the group's performance. The broker highlighted first-half 2026 profits that exceeded forecasts, improved financial targets, an acceleration plan for Western Europe store openings and a €400 million share bu…
Definium Therapeutics reported positive topline outcomes from its Phase 3 Emerge study of DT120 Orally Disintegrating Tablet in major depressive disorder (MDD). The trial met its primary endpoint at Week 6 and all key secondary efficacy endpoints, producing significant placebo-adjusted improvements on the MADRS scale and prompting a sharp rise in t…
