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.
30,173 total articles
Barclays upgraded Domino’s Pizza UK & Ireland from underweight to equal weight and set a 190p price target versus a March 27 closing price of 171p. The broker pointed to stronger-than-expected franchisee profitability in FY25 and management’s decision to halt pursuit of a standalone chicken brand as key drivers for the change. Barclays modelled a r…
Delta Air Lines has chosen Amazon's Leo low-Earth-orbit satellite service to provide in-flight Wi-Fi on 500 narrow-body aircraft starting in 2028. The deal marks a notable customer gain for Amazon’s space business as it competes with SpaceX’s Starlink for aviation contracts. Amazon Leo currently has roughly 200 satellites in orbit and hundreds more…
McCormick reported first-quarter revenue and adjusted earnings above analyst expectations driven by steady consumer demand for its seasonings and condiments. The Hunt Valley, Maryland-based spice maker said it is in advanced discussions to acquire Unilever's food business, a move that could form a roughly $60 billion combined company. The quarter s…
Amazon’s Leo satellite internet unit has agreed to supply in-flight Wi-Fi to 500 Delta Air Lines aircraft starting in 2028, marking its second major airline partnership and intensifying competition with SpaceX’s Starlink as Amazon accelerates satellite launches and seeks regulatory leeway to complete its constellation.
Centessa Pharmaceuticals stock spiked more than 46% in premarket trading after Eli Lilly disclosed a definitive agreement to acquire the clinical-stage biotech. The transaction is valued at up to $7.8 billion, with an upfront cash payment of about $6.3 billion and additional contingent value rights linked to regulatory outcomes.
Deutsche Bank moved Diageo to a buy rating from hold while cutting its price target to 1,650p from 1,790p, reflecting downgraded earnings estimates and expected margin compression. The bank forecasts a recovery in profitability in FY27 but models EPS well below consensus for FY27 and FY28, and assumes notable EBIT margin reductions in North America…
Barclays forecasts a marked recovery in earnings for European energy companies, citing higher crude and natural gas prices, improved refining margins and potential trading gains amid increased market volatility. Updated forecasts place FY26 estimates well ahead of consensus, while returns on capital are expected to climb to levels last seen when Br…
Wells Fargo analyst Ohsung Kwon reduced the bank's year-end S&P 500 target from 7,800 to 7,300, citing the Iran war as a new, material risk that was not part of the firm's baseline for 2026. The bank's PRSM model still points to a positive 12-month return, supported by earnings upgrades for 2026 and 2027, but Kwon warns that market pricing already …
Ashmore Group saw its shares climb more than 4% after announcing a strategic partnership with Japan Post Insurance that includes an initial targeted commitment of about $1 billion into Ashmore-managed emerging markets strategies and the potential for Japan Post Insurance to buy up to a 2.9% equity stake in Ashmore via open-market purchases. The dea…
The National Highway Traffic Safety Administration has initiated an inquiry into approximately 75,300 model-year 2006 Nissan Frontier pickup trucks following a petition that raised concerns about possible fuel leaks. The petitioner described a persistent raw gasoline odor and incidents of sudden engine stalling at startup and while driving, which t…
Barclays told clients that U.S. equities remain attractive even as some valuation measures are high. The bank highlights the S&P 500 trading at 19x next‑12‑month earnings as an appealing entry given a 15% EPS growth forecast for 2026, supported by an improving macro backdrop, resilient earnings and a widespread capital expenditure cycle across hype…
Spain’s Aena won the concession to operate Rio de Janeiro’s Galeao international airport with a 2.9 billion reais bid, a deal that will make it the largest airport operator in Brazil by passenger share. The concession runs until 2039, is extendable by five years, and gives Aena full control of the airport. Aena said Galeao produced nearly 500 milli…
Barclays identifies Epiroc and Sandvik as its preferred mining-equipment names, arguing that a distinct gold-driven spending cycle will concentrate revenue and order growth among firms with significant gold exposure. The bank forecasts an 8% rise in global mining capex this year, with gold capex rising sharply through 2026 while other commodities s…
European natural gas benchmark futures fell after reports that President Donald Trump has told aides he may conclude U.S. military actions against Iran without fully reopening the Strait of Hormuz. The move, reported by the Wall Street Journal, weighed on a market that had surged amid disruptions to oil and gas flows through Hormuz and a wider ener…
Private credit providers, particularly business development companies (BDCs), are expanding the use of payment-in-kind (PIK) provisions and covenant amendments to avert loan defaults among stressed borrowers, especially software firms. The shift aims to reduce non-accruals and prevent portfolio markdowns amid heavy investor redemptions and deterior…
As geopolitical turbulence tied to the Iran conflict has unfolded over the past month, large-cap technology stocks have not acted as a safe haven for investors. The sector - a dominant driver of the U.S. market during a more-than three-year bull run - has deepened earlier losses and is weighing on the broader S&P 500 and Nasdaq due to its outsized …
InterGlobe Aviation Limited (IndiGo) said its board has approved William Walsh as the airline's next chief executive officer, subject to security clearance from the Ministry of Civil Aviation. Walsh, who currently serves as Director General of IATA, will complete his role there on July 31, 2026 and is expected to join IndiGo no later than August 3,…
A document reviewed by Reuters indicates that on the night an Air Canada aircraft hit a fire truck at LaGuardia Airport, controller duties may have been combined earlier than allowed by the tower’s standard operating procedures. The March 22 crash, at about 11:37 p.m. ET, killed both pilots and has prompted renewed scrutiny of staffing practices, w…
JPMorgan Chase unveiled the American Dream Initiative, a multi-year program that seeks to grow its small-business client base from 7 million to 10 million, provide $80 billion in small-business lending over the next 10 years, expand advisory services and hire hundreds of branch-based staff, with a pronounced focus on select U.S. states and metro ar…
U.S. stock index futures rose after a report suggesting a possible de-escalation in the Iran conflict, even as the S&P 500 and Dow prepare for steep monthly declines. Oil remained volatile but was on track for a historic monthly gain, while the energy sector led S&P 500 gains. Investors await JOLTS data and comments from Fed officials for further d…
Barclays has lowered its recommendation on J D Wetherspoon Plc to underweight from overweight and cut its price target to 540p from 825p, citing heavy tax payments, a softer consumer outlook, rising costs tied to inflation and geopolitical tensions, and balance sheet leverage. The new target implies roughly 5% downside from the 577p close on March …
Phreesia Inc. saw four leading brokerages lower their recommendations after the healthcare software provider sharply reduced its fiscal 2027 revenue forecast. Management pointed to weaker commitments from some pharmaceutical manufacturers in areas such as vaccines, GLP-1s and public health as the driver of the revision. The company retained its adj…
Berenberg has downgraded Givaudan from Buy to Hold and lowered its price target to CHF2,915, flagging softer organic sales growth driven by a slowdown in Middle East fragrance demand. The bank trims near-term growth forecasts and marginally lowers 2026 EPS while raising its discount rate assumption; Givaudan shares have already fallen about 13% sin…
Getlink shares climbed more than 4% on Tuesday after Italy-based Mundys announced plans to increase its ownership of the cross-Channel infrastructure operator to as much as 25% of share capital, subject to regulatory approval from the UK government under the National Security and Investment Act 2021. Mundys will make an immediate 3.5% acquisition a…
UBS shares gained roughly 3% after senior Swiss parliamentarians privately told the bank they would seek a compromise to soften proposed capital requirements that could raise the group apital burden by $22 billion. The reform package, introduced by the finance ministry in the wake of Credit Suisse's 2023 collapse, contains two main elements: tighte…
