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.
17,981 total articles
Philip Morris International cut its 2026 adjusted earnings-per-share guidance and warned of a roughly $500 million non-cash impairment tied to RBH, prompting about a 1% decline in premarket trading on Tuesday. The company also revised reported and quarterly EPS ranges to account for currency impacts and the impairment, while noting an expected adju…
Following a historic May rally, a quantitative AI portfolio rebalance realized more than 40% gains on two leading tech positions and redeployed capital into select infrastructure and deep-value semiconductor names. The exits reflected technical and valuation concerns rather than a repudiation of company fundamentals; the new additions emphasize div…
Morgan Stanley upgraded Salzgitter AG to "overweight" from "equal-weight" and increased its price target to €70.80 from €45.50, citing an improved earnings trajectory driven by higher European steel prices, easing balance sheet pressure after peak SALCOS spending, and potential additional upside from the company's 30% stake in Aurubis and the plann…
Marvell Technology's stock leapt more than 22% in premarket trading after Nvidia CEO Jensen Huang called the company the next "trillion-dollar company." The move came as Marvell outlined a plan for its custom chip business to exceed $10 billion by fiscal 2029 and raised its 2028 revenue guidance to about $16.5 billion, citing growing AI adoption an…
Jefferies has raised its price target for Prysmian to €176 from €117 and kept a buy rating, pointing to robust demand for optical fibre driven by AI-related data centre expansion and stronger earnings projections through 2030. The broker increased near-term EBITDA and EPS estimates, introduced 2030 forecasts, and highlighted supply constraints and …
Barry Callebaut's chief executive told reporters on a Tuesday call that the company's volume forecasts for the coming year already account for El Nino conditions. Management does not expect cocoa prices to climb back to the highs seen over the past two years. While demand in parts of the Middle East has eased recently, the CEO said this had not mat…
Indonesia's IDX Composite rose 1.02% at Tuesday's close, powered by advances in Infrastructure, Agriculture and Basic Industry sectors. While several small-cap names posted double-digit gains, declines outnumbered advances and Pacific Strategic Financial hit a three-year low. Commodity and FX moves included weaker crude and firmer USD/IDR.
Hewlett Packard Enterprise shares surged about 29% in early trading after the company pulled its long-term financial goals forward by two years, lifted revenue and networking growth forecasts for fiscal 2026, and cited stronger demand for AI infrastructure from large enterprises and hyperscalers. Competitors including Dell Technologies and Super Mi…
Estée Lauder ended acquisition talks with Puig because parties could not agree on a valuation, the company CEO said. While the merger discussions collapsed amid disagreements and external pressures, Estée Lauder continues to consider acquisitions that meet its financial targets even as it moves forward with a global cost-reduction program.
Serica Energy's stock rose after the company unveiled a dividend policy tied to post-tax cash flow and published production targets stretching into the next decade. Management expects meaningful post-tax cash flow in 2026, reported near-50,000 boe/d second-quarter production and showed a marked reduction in net debt.
Elementis plc reported a completed sale of its pharmaceutical manufacturing business to Associated British Foods for an enterprise value of €34.3m (c.$39.8m). Net cash proceeds after transaction costs are about €30m (c.$35m). The specialty chemicals group said it will return the full $35m to shareholders through a share buyback programme and that t…
Shares of Entain rose more than 3% on Tuesday after People Incorporated, formerly IAC, submitted a non-binding proposal to acquire all outstanding MGM Resorts shares it does not already own for $48.30 per share in cash. The offer, a premium to recent VWAP measures and the latest close, has prompted analysts to flag the prospect of subsequent transa…
Goldman Sachs downgraded Ahold Delhaize from "buy" to "neutral" and trimmed its 12-month price target to €40 from €45. The bank cited a weaker revenue outlook in the United States driven by lower Supplemental Nutrition Assistance Program (SNAP) participation following changes under the One Big Beautiful Bill Act (OBBBA), along with slowed grocery v…
British Land has appointed Joanne McNamara as its new chief executive, effective by the end of November. McNamara, a real estate executive with more than two decades of experience and a lengthy tenure at Oxford Properties, will replace Simon Carter who is leaving to join a Pan-European logistics company. The board disclosed salary, a one-off paymen…
Abivax saw its Paris-listed shares tumble more than 32% in early European trading after a 44-week phase study of its oral ulcerative colitis drug obefazimod delivered remission rates well above expectations, but the trial report included a small number of malignancy events that, while judged unrelated to treatment, unsettled the market.
European equity indices opened higher on Tuesday while Brent crude eased, as investors continued to assess uncertainty around whether negotiations to end hostilities in the Middle East will resume. Tech names outperformed, led by a sharp rally in STMicroelectronics after it raised revenue targets for its data-centers business. Market moves were clo…
British equities made modest gains on Tuesday as investors digested reports of progress in talks between the United States and Iran alongside ongoing instability in the Middle East. The FTSE 100 rose by 0.26%, with Germany's DAX and France's CAC 40 also advancing. Market participants monitored diplomatic signals, fragile ceasefire reports in Lebano…
Morgan Stanley has identified Schneider Electric, ABB and Siemens Energy as Overweight picks within the European Capital Goods sector. The bank notes growing global long positioning in names tied to artificial intelligence and electrification trends, while flagging valuation and ownership dynamics that investors should monitor.
Japan's main stock index ended the trading day in Tokyo down 0.49% as sector losses in Paper & Pulp, Transport and Communication outnumbered gains. Major individual movers included strong advances for AGC Inc., Shift Inc. and Isetan Mitsukoshi, while Nippon Electric Glass, Mitsui Mining and Smelting and Yaskawa Electric posted the largest declines.…
Barry Callebaut, the world’s largest chocolate producer, announced a strategic plan called "Focus for Growth" that lays out targets for volume growth, free cash flow and returns once cocoa prices stabilize. The Zurich-based company also reaffirmed its fiscal 2025/26 guidance and provided medium-term financial objectives tied to investment disciplin…
Australia's S&P/ASX 200 finished a narrow loss on Tuesday, with the index down 0.06% at the close in Sydney. Gains in a handful of stocks contrasted with broader sector weakness led by A-REITs, Consumer Staples and Healthcare. Market breadth favored decliners, while volatility measures and commodity prices moved unevenly.
NewRiver REIT reported underlying funds from operations of £37.2 million for fiscal 2026, a 22% increase year-on-year, driven by the full-year contribution from its Capital & Regional acquisition and a completed 10% share buyback. The company also recorded modest valuation growth and robust leasing outcomes, while warning of higher finance costs ov…
Chemring Group posted a 7% rise in first-half revenue to £237.3 million but reported an 8% decline in underlying operating profit to £24.5 million as heavy capital investment to expand energetics manufacturing weighed on margins and balance sheet metrics. The company said its expansion projects in Chicago, Scotland and Norway are progressing and ar…
Hammerson PLC has priced a €350 million bond maturing in five years at 110 basis points over euro mid-swaps with a 3.875% annual coupon. The deal, which was more than five times covered at its peak, is scheduled for issuance on June 8 subject to final documentation. The move forms part of the company’s ongoing refinancing of €700 million of sustain…
J.P. Morgan placed Merlin Properties on Positive Catalyst Watch and retained an overweight rating, raising its December 2027 price target to €19.00. The broker's forecast for FY26 funds from operations (FFO) is about 5% higher than Bloomberg consensus, a gap the bank attributes to stronger revenue and cost trends and the growing value of Merlin’s d…
