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.
30,138 total articles
Applied Aerospace & Defense Inc. has begun the roadshow for an initial public offering, proposing to sell 32.5 million shares at $18.00 to $21.00 per share. The offering includes a 30-day overallotment option for 4.875 million additional shares. At the midpoint of the range the deal could raise roughly $633 million, or up to $682 million if the ove…
Marvell Technology Inc. shares rose sharply Tuesday morning after a pair of analysts raised price targets and reiterated positive ratings ahead of the company’s quarterly earnings report due Wednesday. Susquehanna Financial set a Street-high target, while Stifel also lifted its outlook, citing momentum in Data Center revenue and strength across Mar…
U.S. equity futures moved higher in early premarket trading as investors returned from a holiday-shortened week and weighed reports of fresh U.S. strikes on Iran. Gains were led by semiconductor and aerospace-related companies, while Ferrari shares fell following the launch of its first fully-electric model. Some pricing displays in the market feed…
Goldman Sachs has downgraded Taylor Wimpey Plc to a "sell" recommendation from "neutral" and reduced its 12-month price target to 75 pence from 95 pence. The bank warns that escalating construction costs and weakening pricing in Southern England and London are eroding earnings at a rate materially worse than comparable housebuilders, prompting cuts…
U.S. semiconductor shares rallied in premarket trading, led by memory and AI-infrastructure companies. Micron Technology was the biggest mover after UBS more than tripled its price target to $1,625, citing new long-term supply agreements. Broader optimism followed advances in peace discussions between the U.S. and Iran and earlier strength in Hong …
Applied Aerospace & Defense, based in Huntsville, Alabama, filed to sell 32,500,000 shares in an initial public offering on the New York Stock Exchange at a proposed price range of $18 to $21 per share, potentially raising as much as $682.5 million. The company, formed last year through a combination of legacy manufacturers, supplies space and defe…
April housing starts and permits exceeded consensus, led by robust multi-family construction. Starts reached a 1.465 million SAAR pace, above the 1.41 million forecast, while permits rose to 1.442 million SAAR. Regional results and single-family metrics were mixed, and analysts warn of sustainability risks from higher rates and inflation.
Exxon Mobil shares fell in pre-market trading after a significant drop in crude prices driven by diplomatic movement between the U.S. and Iran that raised the prospect of reopening the Strait of Hormuz. The decline is compounded by governance tensions ahead of ExxonMobil’s virtual annual meeting on May 27, 2026, where proposals including a redomici…
Micron Technology stock jumped sharply in premarket trading after UBS raised its price target to $1,625 from $535 and materially lifted EPS estimates for 2027-2029. The bank pointed to multi-year supply agreements with fixed volume commitments and partially fixed pricing, and noted significant DDR volumes are locked in at pricing slightly below cur…
Barclays' latest modeling indicates that several major iron ore and copper producers have embedded implied commodity prices that differ materially from prevailing spot levels. Iron ore names such as BHP, Rio Tinto and Vale are pricing iron ore at $98 per ton versus a spot price of $109 per ton. Copper-exposed stocks show a range from sizeable premi…
Quantinuum, the quantum computing company spun out of Honeywell and merged with Cambridge Quantum, has filed for a U.S. initial public offering. The Broomfield, Colorado-based firm intends to offer roughly 21,052,632 shares at a price range of $45 to $50 per share, aiming to raise up to $1.05 billion and to reach a market valuation of as much as $1…
Modine (NYSE:MOD) announced a Long-Term Capacity Agreement to supply more than $4 billion of Airedale data-center cooling products to a strategic customer for deliveries spanning calendar years 2027 through 2029. The company received a $165 million upfront cash payment to support capacity investments and other expenditures needed to meet the commit…
Shares of Wacker Chemie AG fell just over 3% after UBS downgraded the German specialty chemicals group from "buy" to "neutral," arguing that a roughly 40% year-to-date rally has narrowed the stock's potential upside. While UBS lifted its 12-month price target to €104 from €84, the firm highlighted several unresolved catalysts and trimmed earnings a…
Shares of companies tied to rockets, satellites and related space technologies advanced Tuesday as the market reacted to SpaceX's public filing to begin an initial public offering process. A number of small- and mid-cap space companies posted notable gains in early activity, while the sector overall extended recent momentum tied to the IPO news.
AutoZone reported third-quarter adjusted earnings per share that exceeded analyst forecasts, yet a small revenue shortfall prompted a near 4% premarket decline in the stock. The company posted higher net income and continued global store expansion, while gross margin was pressured by a non-cash LIFO effect even as operating expense efficiency impro…
Element 25 has launched a formal review of its planned high-purity manganese sulphate monohydrate (HPMSM) facility in Louisiana amid changing electric vehicle demand signals and evolving battery chemistry preferences. The company is renegotiating commercial arrangements with automakers General Motors and Stellantis, and will revisit project site, f…
Quantinuum, the quantum computing company that emerged from Honeywell’s separation and a merger with Cambridge Quantum, is pursuing a U.S. initial public offering that would value the firm at as much as $12.7 billion. The Broomfield, Colorado-based company plans to sell roughly 21.05 million shares at $45 to $50 each to raise up to $1.05 billion, f…
Northland lowered ratings on Astera Labs, Intel and Semtech to Market Perform, warning that semiconductor valuations assume near-perfect conditions while near-term risks from supply disruptions, constrained hyperscaler finances and rising AI training costs have increased. The firm also highlighted regional utility restrictions and a strong El Nino …
Ferrari will unveil its first fully electric model, the four-door Luce, in Rome, positioning the car as a statement of intent rather than a mass-volume product. Priced above €500,000 and capable of 310 kph, the Luce incorporates bespoke design work from LoveFrom and a tailored sound system to preserve Ferrari’s sensory identity, even as demand for …
Kepler Cheuvreux upgraded GSK plc from Hold to Buy and increased its 12-month price target to 2,516p from 1,500p, a 67.7% rise. The brokerage said the market’s sector discount no longer mirrors GSK’s long-term revenue prospects. The note arrived alongside reductions to adjusted EPS forecasts for 2026 and 2027 and contrasted GSK’s valuation with pee…
Jonathan Andic, vice chairman and co-owner of Spanish fashion retailer Mango, has announced a temporary leave from his corporate duties while authorities investigate the 2024 death of his father, company founder Isak Andic. Andic said the time required to manage his legal defense prevents him from fulfilling his responsibilities at the company. He …
Micron Technology shares climbed in premarket trading after UBS lifted its price target to $1,625 from $535, pointing to industry-wide long-term supply agreements that the bank says will alter Micron's earnings profile. UBS raised multi-year EPS forecasts and projected substantial free cash flow, while Mizuho reiterated an Outperform rating and an …
Fenwick & West, a prominent U.S. law firm that advised FTX before the platform's 2022 collapse, has agreed to pay $54 million to settle claims brought by FTX customers who accused the firm of enabling fraudulent conduct. The preliminary settlement, filed in federal court in Miami, awaits judicial approval and represents part of a second wave of agr…
Indian stocks closed lower on Tuesday, with the Nifty 50 down 0.49% and the BSE Sensex 30 retreating 0.63%. Losses in Consumer Durables, Fast Moving Consumer Goods and Healthcare sectors contributed to the decline. Adani Enterprises led gains after hitting a 52-week high, while several blue-chips including Apollo Hospitals, Wipro and Bharti Airtel …
BofA Securities upgraded Julius Baer Gruppe AG from neutral to buy after the Swiss private bank’s shares fell about 7% following a four-month interim management statement. The bank’s share price was CHF63.38 at the time of the note and BofA set a CHF70 price objective, highlighting improving operating leverage, a net new-money recovery and material…
