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Stephens initiates coverage on LKQ Corp with 'overweight' rating
Stephens initiates coverage on auto parts distributor LKQ Corp LKQ.O with "overweight" rating and price target of $39PT represents an upside of 38.4% to stock's last closeShares of LKQ rise nearly 1.5% premarketBrokerage says LKQ maintains a differentiated position in the U.S. as the onl...Reuters
Wed, Dec 10
U.S. STOCKS ON THE MOVE-GE Vernova, PepsiCo, Middleby
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures fell on Wednesday, ahead of a Federal Reserve monetary policy decision widely expected to deliver an interest rate cut alongside hawkish commentary on the path of fu...Reuters
Wed, Dec 10
Photronics surges on higher quarterly profit
Semiconductor component maker Photronics' PLAB.O shares rise 15% to $29.55 premarketCo's Q4 EPS comes in at $1.07 per share versus $0.54 a year agoPLAB reports Q4 rev of $215.8 mln, above analysts' avg. estimate of $205.22 mln, according to data compiled by LSEGUp to last close, stock ha...Reuters
Wed, Dec 10
Street View: Brokerages positive on GE Vernova's 2028 targets
Brokerages raise PT on power-equipment maker GE Vernova GEV.N as co forecast higher revenue for 2026 on Tuesday on the back of strong demandShares climb 10.2% to $688.6 before the bell, on track to open at a record high if gains hold GEV FIRING ON ALL CYLINDERSJ.P.Morgan sets Street-high PT for ...Reuters
Wed, Dec 10
AeroVironment falls after Q2 profit misses estimates
Shares of military drone maker AeroVironment AVAV.O down 4.5% at $268.70 after Q2 profit comes in below estimatesCo posts adj. EPS of 44 cents vs est. of 78 cents Net income of $21.8 mln, below est. of $35.81 mln Co attributes weaker performance to increased non-cash purchase accounting expensesAver...Reuters
Wed, Dec 10
LIVE MARKETS-One bitcoin bull has cut their forecast as "cold breeze" blows
STOXX 600 down 0.1%Eyes on Fed rate pathUS futures little changedWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ONE BITCOIN BULL HAS CUT THEIR FORECAST AS "COLD BREEZE" ...Reuters
Wed, Dec 10
Jefferies raises Keysight's PT on diverse product portfolio
Jefferies raises PT on electronic equipment maker Keysight Technologies KEYS.N to $220 from $195New PT represents a 4.5% upside to stock's last closeBrokerage expects co to deliver above-market growth on its differentiated portfolio, which has segments such as data centers, semiconductors, indus...Reuters
Wed, Dec 10
RPT-ANALYSIS-Investors warm up for long spell of discordant Fed
Investors expect Fed rate cut this week, but with dissentsUnanimous Fed policy decisions will be rare in 2026, analysts sayPoliticization of US central bank is a risk but not yet priced inBy Vidya Ranganathan LONDON, Dec 9 (Reuters) - What is expected to be one of the most ructious Federal Re...Reuters
Wed, Dec 10
RPT-BREAKINGVIEWS-Beijing has a $1 trln case for a stronger yuan
By Ka Sing Chan HONG KONG, Dec 10 (Reuters Breakingviews) - Few would have predicted this at the beginning of 2025: China posted a record $1 trillion trade surplus for the first 11 months of the year despite a tariff war with the U.S. for most of that period. But the rush of Chinese exports to no...Reuters
Wed, Dec 10
ProPetro gains after JP Morgan upgrades rating to 'overweight'
Shares of oilfield services provider ProPetro PUMP.N up 2.1% at $11.20 premarket, after J.P. Morgan upgrades stock rating to "overweight" from "neutral"Brokerage also raises its price target to $13 from $7, citing an 18.5% upside from Tuesday's closeJPM says the upgrade is due to...Reuters
Wed, Dec 10
Middleby rises as Jefferies lifts to 'buy', hikes PT
Food processing equipment maker Middleby's MIDD.O shares up 2.2% at about $132 premarketJefferies upgrades rating to "buy" from "hold", lifts PT to $175 from $130New PT shows an upside of 35.7% from the stock's last close Brokerage states co's Commercial Foodservice ...Reuters
Wed, Dec 10
Cracker Barrel sinks after cutting annual sales forecast
Shares of casual dining chain Cracker Barrel Old Country Store CBRL.O down 8.3% at $24.75 premarket Co cut its annual revenue forecast after market close on Tuesday, as backlash over its short-lived logo change hurt store traffic in Q1Expects FY2026 revenue of $3.2 billion to $3.3 billion vs. prior ...Reuters
Wed, Dec 10
PepsiCo rises after JP Morgan upgrades to "overweight"
Shares of beverage and snacks company PepsiCo PEP.O up 1.4% at $146.66 premarket after J.P. Morgan upgrades to "overweight" from "neutral"Brokerage also raises PT to $164 from $151, avg median PT as per LSEG data is $164JPM sees EBIT margin expansion of ~50 bps in 2026, aided by reco...Reuters
Wed, Dec 10
SNAPSHOT-India stocks, rupee, swaps, call at close
Dec 10 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN closed 0.3% lower at 84,391.27, while the broader NSE index .NSEI declined 0.3% to 25,758, on concerns that the U.S. Federal Reserve may signal a more hawkish 2026 outlook after an expected rate cut later in the day. .BORUPEE: The Indian rupe...Reuters
Wed, Dec 10
SNAPSHOT-India stocks, rupee, swaps, call at close
Dec 10 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN closed 0.3% lower at 84,391.27, while the broader NSE index .NSEI declined 0.3% to 25,758, on concerns that the U.S. Federal Reserve may signal a more hawkish 2026 outlook after an expected rate cut later in the day. .BORUPEE: The Indian rupe...Reuters
Wed, Dec 10
UK stocks mixed as investors await Fed rate decision
FTSE 100 up 0.1%, FTMC down 0.1% HSBC, StanC climb after BofA upgradeMedia stocks rise after JPMorgan's bullish views Dec 10 (Reuters) - UK shares were mixed on Wednesday, as investors refrained from placing big bets ahead of the U.S. Federal Reserve's interest rate decision.The benchmark...Reuters
Wed, Dec 10
CANADA STOCKS-TSX futures dip ahead of BoC, Fed interest rate decisions
Dec 10 (Reuters) - Futures for Canada's main stock index ticked lower on Wednesday as investors awaited highly anticipated interest rate decisions by the Bank of Canada and the U.S. Federal Reserve later in the day.Futures on the S&P/TSX Composite Index SXFcv1 were down 0.2% at 05:30 a.m. ET...Reuters
Wed, Dec 10
PRECIOUS-Gold dips ahead of Fed decision; silver extends rally above $60
Silver hits record high of $61.61/ozSilver crossed $60/oz for the first time on TuesdayFed expected to cut rates, decision due at 1900 GMTBy Pablo Sinha Dec 10 (Reuters) - Gold prices edged down on Wednesday as investors awaited an expected U.S. Federal Reserve rate cut and clues on future polic...Reuters
Wed, Dec 10
MORNING BID AMERICAS-It's showtime!
By Marc Jones LONDON, Dec 10 (Reuters) - By Marc Jones, global markets correspondent What matters in U.S. and global markets today Wall Street futures and bond and FX markets are hunkering down as crunch time nears for a divided Federal Reserve policy board, while earnings from Oracle and Broa...Reuters
Wed, Dec 10
Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries
Dec 9 (Reuters) - Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday.
Reuters
Wed, Dec 10
