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.
30,145 total articles
Caddis Capital, which owns a 9.3% stake in data-center developer Fermi Inc., has publicly sided with the company’s current board in a dispute with former CEO Toby Neugebauer. Caddis opposes Neugebauer’s attempt to expand the board and force a sale at prevailing market prices, saying such a transaction would shortchange shareholders and that the boa…
argenx NV ADR (NASDAQ: ARGX) saw its shares rise in premarket trading after the U.S. Food and Drug Administration broadened the indication for VYVGART and VYVGART Hytrulo to include all adult patients with generalized myasthenia gravis, regardless of serotype. The decision was supported by results from the Phase 3 ADAPT SERON study, which enrolled …
Goldman Sachs downgraded Belgian transmission operator Elia to neutral from buy after the stock climbed 46% since mid-June. The bank lifted its 12-month price target to €150 from €145 but said additional re-rating would likely require more clarity on growth and funding beyond 2028. Goldman projects rapid RAB and EPS expansion through 2028, sizeable…
A London High Court trial opened as Shein accused rival Temu of using thousands of Shein photographs to promote copycat products, calling the conduct copyright infringement "on an industrial scale." Temu denies the assertions and has counter-sued, alleging Shein is using litigation to stifle competition and that it had to remove thousands of listin…
Despite a roughly 421% rise in Samsung Electronics shares over the past year, KB Securities analyst Jeff Kim maintains a Buy recommendation and a 360,000 won price target, arguing the stock is trading at what he calls the lowest valuation it will reach. Kim bases his bullish stance largely on sustained memory demand driven by AI workloads, while al…
Stifel's latest review of used equipment auction results shows a modest year-over-year increase in April for agricultural machinery, while construction-related categories produced uneven outcomes. The firm notes that auction price changes are generally stronger than shifts in asking prices and that auction activity can foreshadow broader market ask…
Activist investor Oasis Management has disclosed it holds combined voting rights of 15.2% in British outsourcing group Capita, with 6.44% held via shares and a further 8.78% held through financial instruments, according to a regulatory filing dated May 8. Media reports indicate Oasis may push the company to simplify its operations to lift the share…
Fervo Energy said it has raised the size of its planned initial public offering to 70 million Class A shares and set an expected price range of $25.00 to $26.00 per share. The company granted underwriters a 30-day option to buy up to 10.5 million additional shares, filed a registration statement with the SEC that is not yet effective, and plans to …
Swatch faces a potentially pivotal shareholder vote as proxy advisers Institutional Shareholder Services and Glass Lewis recommended backing investor Steven Wood for the bearer-share board seat rather than the company nominee Andreas Rickenbacher. The contest highlights investor unease over governance, slow performance versus peers and a deep decli…
U.S. stock futures were largely unchanged Monday morning as markets weighed political developments and continued enthusiasm for artificial intelligence. Semiconductor names led premarket advances, while specific corporate reports and takeover speculation produced varied moves across sectors. At 07:24 ET (11:24 GMT) the Dow futures contract was down…
Cerebras Systems has increased both the number of shares and the price range for its planned Nasdaq initial public offering, reflecting robust investor interest. The Sunnyvale, California-based maker of AI processors is now offering 30,000,000 shares at $150 to $160 each, potentially raising about $4.8 billion. The company earlier proposed 28,000,0…
Fox Corp reported third-quarter revenue of $3.99 billion, surpassing the consensus estimate of $3.82 billion. Shares rose about 3% in premarket trading as the company cited strong advertising performance in its sports and news divisions and continued growth at its free streaming service, Tubi. CEO Lachlan Murdoch highlighted leadership in live prog…
EchoStar reported a steeper-than-expected drop in pay-TV subscribers in the first quarter, reflecting continued consumer migration from bundled television to streaming. While pay-TV revenue and consolidated sales modestly exceeded analyst estimates and the quarterly loss narrowed year-over-year, the company remains engaged in debt restructuring tie…
Exyn Technologies Inc. filed for an initial public offering on Monday, proposing the sale of 2.5 million units on the Nasdaq Capital Market. Each unit pairs one common share with one warrant; the company projects a per-unit price between $7.75 and $8.75, and warrants that are immediately exercisable will carry exercise prices between $9.69 and $10.…
Jefferies said last week that payroll loans, asset-quality trends and disparities in profitability were the dominant themes for Brazilian banks. With expectations for monetary easing receding, credit patterns in payroll and unsecured segments, plus differences in funding and returns across major banks, stood out as the principal market concerns.
Raymond James reports divergent short-term momentum across major North American equity indices. The S&P 500, TSX Composite and Nasdaq 100 have reclaimed their 50-day and 200-day moving averages, signaling repaired technicals and upward short- and intermediate-term trends after March weakness. The Russell 2000, however, shows stalled momentum. The f…
Micron Technology shares rallied Monday on investor optimism tied to labor tensions at Samsung Electronics and ongoing supply tightness in the memory market. Deutsche Bank set a $1,000 price objective for Micron, matching the high on the Street and implying roughly 34% upside from last Friday's close.
Fervo Energy has increased the size of its planned U.S. initial public offering, now seeking a valuation as high as $7.37 billion. The company raised its share count to 70 million and set an offering price range of $25 to $26 per share, up from an earlier plan to sell 55.6 million shares at $21 to $24 each. The move follows strong investor interest…
U.S. equities have climbed sharply from late-March lows on the back of a robust quarterly earnings cycle and easing concerns over geopolitical fallout. Fresh jobs data bolstered risk appetite ahead of a week packed with inflation readings and a handful of remaining first-quarter corporate reports.
Delivery Hero shares climbed sharply today after the company reported a robust Q1 trading update and an influential institutional block sale changed the shareholder mix. Group Gross Merchandise Value rose 8.8% year-on-year on a like-for-like basis to €12.5 billion, management reiterated its guidance for adjusted EBITDA toward the upper end of its r…
Lincoln International and certain existing shareholders have filed for an initial public offering in the United States that could raise up to $421 million. The firm submitted paperwork to sell 21,049,988 shares at a proposed $18 to $20 per share range, with the company offering 20,604,046 Class A shares and existing holders selling 445,942 shares. …
Intel shares climbed an additional 6.6% in premarket trading Monday, building on a recent surge that has pushed the stock up 125.6% over the past month and 230.7% year-to-date. The move follows a Wall Street Journal report that Apple and Intel reached a preliminary agreement for Intel to manufacture chips for Apple devices. Analysts at Lynx Equity …
Alphabet has disclosed plans to issue Japanese yen-denominated bonds for the first time, naming three banks to manage the transaction while leaving the size undisclosed. Sources familiar with the deal expect the issuance to reach several hundred billion yen with terms to be set later this month. The move is part of a broader trend of major technolo…
Rackspace Technology shares advanced sharply Monday morning, following a steep rally the prior week. The stock has climbed dramatically since the company reported earnings and disclosed a partnership framework with AMD on May 7. A large short interest and relatively low days-to-cover suggest short covering has contributed materially to the move.
IREN Limited announced a proposed private offering of up to $2.0 billion in convertible senior notes due 2033, with an initial purchaser option for an additional $300 million. The move, and related capped call and derivative arrangements, preceded a roughly 6% decline in the company’s share price. Proceeds are earmarked in part to fund capped call …
