News Hub

Jun 8, 2026

Marcus Reed

Press Releases

American Battery Technology Company Wins Appeal and Has US Department of Energy Grant Reinstated for $115 million Project for Commercial Scale Critical Mineral Lithium Refinery

American Battery Technology Company (NASDAQ: ABAT) successfully won an appeal to reinstate a $115 million U.S. Department of Energy grant supporting its Tonopah Flats Lithium Project, a major commercial-scale critical mineral lithium refinery in Nevada. The reinstatement follows a rigorous review confirming the project’s achievement of all technica…

ABAT

Jun 8, 2026

Derek Hwang

Press Releases

Duluth Holdings Inc. Announces First Quarter 2026 Financial Results

Duluth Holdings Inc. announced its first quarter fiscal 2026 financial results, showing a net loss improvement to $10 million from $15.3 million in the prior year, and an increase in adjusted EBITDA by $6.4 million to $2.6 million. The company achieved a gross margin expansion of 540 basis points to 57.4%, reduced inventory significantly by 24.8%, …

DLTH

Jun 8, 2026

Hana Yamamoto

Stock Markets

S4 Capital Shares Slip After Morgan Stanley Lowers Price Target on Weaker Revenue Outlook

S4 Capital shares dropped just over 2% after Morgan Stanley reduced its price target and adjusted its revenue and earnings projections following the company's annual general meeting and a downgrade to its guidance. The broker left margin assumptions intact but lowered net revenue and EPS forecasts for 2026-2028 and reiterated an equal-weight rating…

Jun 8, 2026

Ajmal Hussain

Economy

Five market-moving developments to watch this week: SpaceX IPO, U.S. inflation, ECB, Oracle and Adobe

This week features a packed calendar for investors: a potentially record-breaking SpaceX initial public offering, U.S. consumer price index data that may influence Federal Reserve thinking, a European Central Bank rate decision against a backdrop of elevated oil prices, and quarterly reports from Oracle and Adobe that will be read as barometers for…

Jun 8, 2026

Jordan Park

Press Releases

GEN Restaurant Group Secures Retail Placement at Save Mart Supermarkets with Six SKU Launch

GEN Restaurant Group, Inc. announced the launch of six consumer packaged goods products at Save Mart Supermarkets, marking an expansion of their retail footprint. These SKUs, reflecting the brand's restaurant-quality Korean BBQ flavors, will be stocked across all Save Mart locations, a major regional grocery chain. This development complements GEN'…

GENK

Jun 8, 2026

Marcus Reed

Trade Ideas

enGene Therapeutics: Oversold Biotech — A Risk-Adjusted Bounce Trade

enGene (ENGN) has plunged from a $12.25 peak to under $2. The balance sheet is thin and the company burns cash, but the stock is deeply oversold (RSI 28.5) and trading at a sub-0.4 P/B with an enterprise value below $100M. For traders willing to accept biotech binary risk, a disciplined long with a tight stop and a clear time horizon can offer asym…

ENGN

Jun 8, 2026

Derek Hwang

Stock Markets

Solidion Technology Rally Accelerates After $35M Private Placement; Balance Sheet Risk Temporarily Eased

Solidion Technology shares jumped in pre-market trading following disclosure of a $35 million private placement with a new institutional investor. The financing, priced above market under Nasdaq rules and expected to close on or about June 9, 2026, is intended to fund operations through 2028 and support commercialization of the company's Extreme-Cl…

Jun 8, 2026

Derek Hwang

Stock Markets

Eli Lilly Shares Advance After Full Phase 3 Data for Retatrutide Presented at ADA Meeting

Eli Lilly stock climbed after the company presented comprehensive Phase 3 results for its obesity candidate retatrutide at the American Diabetes Association conference. The data, covering two trials in distinct patient populations, matched expectations without revealing new safety issues and were discussed alongside updates on the firms broader ca…

Jun 8, 2026

Marcus Reed

Stock Markets

UBS Elevates Porsche to Buy, Sees Turnaround Gaining Traction

UBS has upgraded Porsche AG to Buy and increased its price target to €60 from €40, citing three core recovery drivers: a more balanced product mix to reduce EV concentration, improved execution under new management, and a leaner cost base sized for annual volumes of about 250,000-280,000 vehicles. The bank expects operating margins to rise from rou…

Jun 8, 2026

Maya Rios

Stock Markets

Citi Raises S&P 500 2026 Target to 8,100, Citing Earnings Strength and an AI-Led Capex Wave

Citigroup has increased its year-end 2026 S&P 500 target to 8,100 from 7,700, citing resilient corporate earnings and momentum from AI investment. The firm also raised its 2026 S&P 500 earnings-per-share forecast to $350 from $320 set in December 2025 and issued a preliminary $400 EPS target for 2027, while warning that the persistence of AI-driven…

Jun 8, 2026

Priya Menon

Economy

Japanese Investors Pull Back from Overseas Equities in Largest Monthly Exit Since 2021

Japanese investors recorded a net sale of 2.72 trillion yen in foreign equities in May, the biggest monthly withdrawal since April 2021, according to Ministry of Finance data. The pullback came as the MSCI World Index retreated from a record and as flows moved into overseas debt, where net purchases reached their highest level since May 2025.

Jun 8, 2026

Ajmal Hussain

Stock Markets

Ithaca Energy Jumps After Jefferies Lifts Target, M&A Talk Adds Fuel

Ithaca Energy shares climbed 6.1% to 253.4p after Jefferies raised its price target to 350p from 210p and maintained a Buy rating. The broker described Ithaca as "a transformed investment case" following its 2024 combination with Eni UK and cited media reports of discussions with BP on a possible North Sea transaction. The move comes after a recent…

Jun 8, 2026

Leila Farooq

Stock Markets

Jefferies Lifts Base Metals Price Outlook Citing Stronger Demand Signals

Jefferies has revised up its price forecasts for base metals, projecting a higher copper peak and raising aluminum expectations. The bank attributes the change to a market transition from supply-led to demand-led conditions, supported by spending on data centers and power infrastructure in the United States, while noting persistent supply constrain…

Jun 8, 2026

Priya Menon

Trade Ideas

Inspire Medical (INSP) — Buy the Selloff: High-Quality Cash Flow, Cheap Multiple, Clear Rebound Path

Inspire Medical Systems has been punished unfairly by guidance uncertainty and litigation headlines. At ~$41.21 the shares trade at ~9x reported earnings with an enterprise value near $1.09B and free cash flow of roughly $97M. For active traders willing to take a medium risk, a disciplined long into $41.21 with a stop at $36.00 and a target of $58.…

INSP

Jun 8, 2026

Ajmal Hussain

Stock Markets

Ithaca Energy Shares Rally After Jefferies Boosts Price Target to 350p

Ithaca Energy Plc jumped more than 6% on Monday after Jefferies raised its price target to 350p from 210p and kept a "buy" rating, citing the company’s transformation since its business combination with Eni UK in April 2024. Jefferies’ new target reflects a blend of net asset value and an EV/EBITDA multiple applied to 2026-27 estimates, and comes a…

Jun 8, 2026

Ajmal Hussain

Stock Markets

Aker BP's Johan Sverdrup Share Inches Up to 31.7% After Redetermination

Aker BP's stake in the Johan Sverdrup North Sea oil field has been raised to 31.7% from 31.6% following a redetermination process that began in January 2025. The company will receive an additional 2.2 million barrels of oil equivalent from the field over the next two years and will make a payment of roughly 300 million Norwegian crowns (about $31.7…

Jun 8, 2026

Maya Rios

Stock Markets

Lanxess Shares Slide After Goldman Sachs Reiterates Sell Rating

Lanxess shares dropped about 5.5% to EUR 15.345 after a Goldman Sachs analyst reiterated a Sell rating with a EUR 13.00 price target, signaling further downside. The move compounds lingering investor wariness following a disappointing Q1 2026 and amid broad market weakness and sector-specific challenges.

Jun 8, 2026

Avery Klein

Commodities

Iran Says U.S. Responsibility Grows After Latest Exchanges With Israel

Iran’s Foreign Ministry spokesperson Esmaeil Baghaei warned that recent overnight exchanges of fire between Iran and Israel will exacerbate an already "chaotic diplomatic process" involving the United States. Baghaei said Tehran is communicating indirectly with Washington under conditions of "extreme suspicion," accused Israel’s actions in Lebanon …

Jun 8, 2026

Derek Hwang

Stock Markets

Morgan Stanley Flags US Copper Tariff Decision as Major Market Risk

Morgan Stanley identified the forthcoming US determination on refined copper import tariffs as a central risk for copper markets. The US must decide by June 30 or July 1 whether to impose a 15% refined copper import tariff beginning January 1, 2027, with the measure potentially increasing to 30% in 2028. The bank outlined how each outcome - imposit…

Jun 8, 2026

Marcus Reed

Stock Markets

Jefferies Lays Out Topics for Kiawah Energy Conference, Flags Supply and Power Dynamics

Jefferies previewed the agenda for its upcoming Kiawah Energy ’26 conference, spotlighting oil market dynamics, integrated gas strategies, supply-chain disruptions and U.S. power market changes. The firm reiterated a products-focused view on crude and fuels inventories, outlined expectations for a material lift in U.S. power-driven gas demand in 20…

Jun 8, 2026

Hana Yamamoto

Stock Markets

Tate & Lyle’s Long Arc: From East London Sugar Refineries to a £2.7 Billion U.S. Takeover

Tate & Lyle has agreed to a £2.7 billion ($3.6 billion) cash takeover by U.S. food ingredients company Ingredion, marking a material shift for a business that began as sugar refiners in East London in the mid-19th century. The deal follows a long series of strategic disposals and acquisitions through which Tate & Lyle moved away from refined sugar …

Jun 8, 2026

Hana Yamamoto

Stock Markets

China Coking Coal Prices Climb as Production Disruptions Persist in Shanxi

Coking coal prices in China rose in the week to June 5 amid ongoing production interruptions across key mining areas. High-grade Liulin No.4 climbed sharply, thermal coal saw modest gains, and port inventories ticked down even as power-plant stocks inched up. Persistent mine suspensions and frequent safety inspections continue to constrain output, …

Jun 8, 2026

Priya Menon

Stock Markets

Novo Nordisk Shares Slip After ADA Presentations, Mixed Commercial Signals

Shares of Novo Nordisk fell about 3% on Monday after analysts digested data and commercial updates presented at the American Diabetes Association conference. While REIMAGINE symposium results for CagriSema in Type 2 diabetes drew positive clinical commentary, the therapy's path to market is distant, with a diabetes filing not expected until late 20…

Jun 8, 2026

Jordan Park

Stock Markets

BofA: DoorDash and Uber Favored to Gain Once AI Hardware Constraints Ease

Bank of America strategists argue that internet growth stocks such as DoorDash and Uber are well positioned to outperform when the current AI cycle moves past the phase dominated by semiconductor and hardware capacity constraints and into one where services built on that infrastructure scale. The bank highlighted that early AI demand has driven inv…

Jun 8, 2026

Hana Yamamoto

Stock Markets

Nurix Shares Jump After Roche Partnership to Co-Develop Oral BTK Degrader

Nurix Therapeutics shares vaulted in pre-market trading after the company disclosed a broad global collaboration with Roche to jointly develop and commercialize bexobrutideg, an oral Bruton’s tyrosine kinase (BTK) degrader, targeting malignant hematology, immunology, and neurology. The agreement includes $700 million upfront, up to $2.3 billion in …