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.
8,954 total articles
Evercore lowered its rating on Workday to In Line and reduced its price target by $40 to $160 after the enterprise software firm issued fiscal 2027 subscription revenue guidance below consensus. Shares fell about 9% in Wednesday premarket trading as the company balanced a healthy fourth quarter against a cautious near-term outlook driven by increas…
Thomson Reuters said it will repurchase up to $600 million of common shares under an amended normal course issuer bid and plans a $605 million return of capital to shareholders via a special cash distribution and subsequent share consolidation. The moves coincide with a modest premarket share uptick and will be subject to shareholder and court appr…
Charles River Laboratories said it will divest its CDMO and Cell Solutions businesses to GI Partners and certain European Discovery Services assets to IQVIA, triggering a premarket stock increase. The transactions reduce reported revenue for 2026 but are expected to drive at least 100 basis points of non-GAAP operating margin improvement and add ro…
Shares of International Business Machines (NYSE:IBM) plunged 13% on Monday - the steepest single-day decline in more than 25 years - after investors grew concerned that Anthropic’s Claude Code tool could speed modernization of COBOL-based systems that underpin parts of IBM’s business. Wedbush analyst Dan Ives maintained an Outperform rating and a $…
Nasdaq raised its medium-term Solutions revenue growth target and provided division-level detail at its Investor Day, prompting a modest share price increase. The company increased the Capital Access Platforms revenue target, kept Financial Technology guidance intact, reaffirmed 2026 expense expectations, and unveiled an AI-driven productivity init…
Nasdaq has lifted its medium-term revenue growth projection for its largest segment, citing stronger-than-expected performance in capital access platforms that encompass its data, listings and index businesses. Executives will present more detailed growth and scaling plans at the company’s biennial investor day in New York.
Spain's National Commission on Markets and Competition (CNMC) has determined that Apple and Amazon did not act quickly enough to eliminate contract provisions that the regulator had ordered removed immediately. The clauses, previously cited in a July 2023 enforcement action that resulted in proposed fines of 194 million euros, restricted the number…
Axon Enterprise shares jumped in premarket trading after the company reported fourth-quarter adjusted profit that exceeded analyst estimates. The maker of Tasers, body-worn cameras and digital evidence management systems said strong demand - supported by increased federal investment in immigration enforcement and corporate spending on executive sec…
Bernstein analyst Venugopal Garre argues that Sea is unlikely to be displaced solely by AI, citing the company’s deep infrastructure, logistics and fintech footprint and strategic choice to partner with AI builders rather than build large in-house models. The note says Sea’s integrations with OpenAI and Google and its role in agentic shopping limit…
Oppenheimer upgraded Oracle (ORCL) to Outperform from Perform and established a $185 price target, arguing that the steep decline in multiples since September and recent developments have created a more attractive entry point. The firm projects strong EPS growth in multi-year scenarios while acknowledging financing, margin, and execution risks tied…
Joby Aviation and Uber launched an integrated air taxi booking option in Dubai called Uber Air powered by Joby. The service enables riders to request Joby’s all-electric vertical takeoff and landing aircraft through the Uber app, with Joby anticipating its first passengers in Dubai later this year. The announcement coincided with a 7.5% rise in Job…
U.S. stock futures drifted higher in premarket trading as market participants awaited major corporate quarterly announcements amid ongoing uncertainty about global trade dynamics and the valuation of the AI sector. Individual companies produced a range of moves tied to earnings reports and forward guidance, with gains for some payments and fast-cas…
Morgan Stanley says select European advertising groups are holding up well despite worries about AI-driven disruption, keeping a preferred stance on several stocks. The broker singles out Publicis Groupe as its leading overweight pick for its integrated model and data assets, while assigning equal-weight ratings to WPP, Havas and S4 Capital amid va…
Novartis plans to construct a 46,000-square-foot radioligand therapy (RLT) manufacturing facility in Denton, Texas, marking the company's fifth RLT site in the United States and its first in the state. Construction is scheduled to begin this year, with the plant expected to be operational in 2028. The investment is part of a previously announced $2…
Driven Brands Holdings Inc. suffered a sharp stock decline after disclosing it will delay filing fiscal 2025 results and must restate financial statements for fiscal years 2023 and 2024. The company and its audit committee identified material errors spanning lease accounting, cash reconciliations, revenue recognition and expense classification, and…
Goldman Sachs cautions that recent AI-related capital spending surprises and growing concern about which firms will benefit from AI are fueling equity market volatility. While near-term earnings have held up, the bank says uncertainty over long-term winners and losers is unlikely to abate soon and could leave segments of the AI infrastructure space…
Saudi Arabia's stock market closed lower on Wednesday as losses in Media & Publishing, Hotels & Tourism and Building & Construction pushed the Tadawul All Share down 0.54% to a one-month low. Market breadth was negative, with decliners outnumbering advancers and a number of stocks hitting multi-period lows. Oil and gold prices rose alongside a marg…
J.P. Morgan placed FinecoBank Banca Fineco SpA on Positive Catalyst Watch ahead of the bank's inaugural Capital Markets Day on March 4, raising its December 2027 price target to €27 from €26.40 and keeping an overweight rating. The bank expects management to disclose above-consensus growth targets for 2026-29 that could lift earnings-per-share esti…
UBS analyst Matthew Mish set out a tail-risk scenario in which a rapid, severe AI disruption would materially worsen defaults and tighten credit across U.S. high-yield, leveraged loan and private credit markets. The bank quantified potential default rates, estimated losses and drawn exposures, and highlighted concentrations and stress signals that …
Futures tied to Canada’s primary equity benchmark rose modestly on Wednesday as investors positioned ahead of Nvidia’s earnings. The S&P/TSX 60 futures gained 8 points, while the prior session saw the S&P/TSX composite reach 33,970.38. Strength in materials and mixed corporate results in Canada and the U.S., plus developments on tariffs and energy …
Shares of Lithium Americas (LAC) and Albemarle (ALB) climbed after Zimbabwe announced an immediate suspension of lithium concentrate and raw mineral exports. The ban will stay in force until mining companies meet government requirements to build processing capacity inside Zimbabwe, accelerating an earlier plan to end concentrate exports by 2027. SQ…
Deutsche Bank lowered its recommendation on Beiersdorf AG from buy to hold, saying the stock's year-to-date rally has largely priced in the upside. The bank kept its target at €105, below the recent close of €109.70, and highlighted valuation and potential headwinds in the tesa adhesives division tied to memory shortages in consumer electronics.
Lumen Technologies said it has finished a corporate turnaround and unveiled a multi-year plan focused on expanding its fiber network, growing enterprise revenue, and improving margins. The announcement at its 2026 Investor Day helped lift the stock by 9% on Wednesday morning as the company mapped a path to larger adjusted EBITDA margins, broader pr…
Paramount Skydance has increased its proposed purchase price for Warner Bros. Discovery to $31 per share and raised the termination fee, a move that complicates Warner Bros.' existing agreement with Netflix. Analysts at Bernstein say Netflix has the financial capacity to push its offer into the $30s and sees potential synergies from a tie-up, but a…
GoDaddy’s stock slid about 9% after the company set fiscal year 2026 total revenue guidance between $5.19 billion and $5.28 billion. Analysts at Barclays and William Blair interpreted the range as indicating growth slowing to below 7% and flagged investor concerns around AI adoption metrics and near-term estimate risk despite ongoing product develo…
