News
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Aerospace parts maker Loar falls as top holders to trim stakes
** Shares of Loar Holdings LOAR.N fall 7.5% to $86.18 early Weds after aerospace parts suppler launches secondary offering** White Plains, New York-based firm late Tues said certain stockholders to sell 9 mln shares** Hedge fund Abrams Capital Management, a 40% holder, Blackstone BX.N and GPV Loar, ...Reuters
Wed, May 14
Exelixis hits 25-year high after lifting 2025 revenue forecast
** Shares of cancer drugmaker Exelixis EXEL.O rise as much as 19.2% to near 25-year high of $45.29 ** Stock is set for its best day in over five years, if gains hold** Co late on Tuesday raised 2025 rev. forecast between $2.25 billion and $2.35 billion, compared with prior view of between $2.15 bill...Reuters
Wed, May 14
US STOCKS-S&P flat as investors focus on trade developments
Indexes up: Dow 0.07%, S&P 500 0.03%, Nasdaq 0.26%Three Fed speakers scheduled to speak on WednesdayAmerican Eagle Outfitters drops after withdrawing FY forecastBy Shashwat Chauhan and Pranav Kashyap May 14 (Reuters) - The S&P 500 was flat in choppy trading on Wednesday after the week...Reuters
Wed, May 14
Legend Biotech slips after brokerages cut PT
** Shares of biopharmaceutical company Legend Biotech LEGN.O slip 5.6% to $29.33 after at least two brokerages cut PT following Q1 results** Truist cuts PT to $71 from $88; says co's multiple myeloma cancer drug Carvykti's U.S. growth was slower with manufacturing facility in partnership wit...Reuters
Wed, May 14
LIVE MARKETS-Would-be homebuyers whistle past mortgage rate uptick
Nasdaq up ~0.4%, Dow edges green, S&P 500 just above flatTech leads S&P 500 sector gainers; Utilities weakest groupEuro STOXX 600 index off ~0.2%Dollar, crude decline; bitcoin off >1%; gold slides ~2%US 10-Year Treasury yield edges down to ~4.49%Welcome to the home for real-time coverage ...Reuters
Wed, May 14
American Eagle Outfitters sinks after pulling annual outlook
** Apparel company American Eagle Outfitters AEO.N down as much as 8.8% at $11.60 in early trading** Co withdrew its annual forecasts on Tuesday and took a $75 million inventory charge on its spring and summer collection due to economic uncertainty fueled by tariffs** Jefferies cuts PT on the stock ...Reuters
Wed, May 14
Will AI Search Engines Cripple Google's Dominance?
Artificial intelligence (AI) is rapidly changing the way many companies, across all industries, are doing their day-to-day work. Some of the biggest changes are undoubtedly in technology, where many top companies are investing heavily into AI chatbots and related functions. As that happens, one comp...The Motley Fool
Wed, May 14
Group 1 Automotive falls after Guggenheim downgrades to 'neutral'
** Automotive retailer co Group 1 Automotive GPI.N falls marginally 0.4% to $447 in early-trade** Guggenheim downgrades co to "neutral" from "buy"; price target unchanged at $426** Says rating change due to mix of premium valuation, potential tariff risk on the business and expected ...Reuters
Wed, May 14
European Wax Center rises on upbeat quarterly results, eyes best day
** Shares of out-of-home waxing services provider European Wax Center EWCZ.O rise as much as 26% to $4.99 in early trading** Stock set for its best day on record, if gains hold** Co beat estimates for Q1 revenue and adjusted core profit, according to data compiled by LSEG** System-wide sales rose 2....Reuters
Wed, May 14
Mesa Air falls after posting quarterly loss
** Mesa Air MESA.O shares fall 1% to $1 after posting Q4 loss** Co posts Q4 net loss of 60 cents, narrower than the loss of 69 cents in same quarter last year** MESA Q4 total operating revenue up nearly 1% to $115.3 mln** Including session moves shares are down 13.8% YTD compared with a 10% YTD decl...Reuters
Wed, May 14
Microbot Medical Inc expected to post a loss of 13 cents a share - Earnings Preview
Microbot Medical Inc MBOT.OQ MBOT.O is expected to show no change in quarterly revenue when it reports results on May 16 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Microbot Medical Inc is for a loss of 13 cents per share. The one available analyst rating on...Reuters
Wed, May 14
Dynatrace rises after FY 2026 forecasts beat estimates
** Shares of software intelligence company Dynatrace DT.N rise almost 3% to $52.07 after upbeat FY outlook, Q4 results** Co expects FY 2026 adj. EPS to be between $1.56 and $1.59, revenue to be $1.95 bln to $1.97 bln vs. analyst estimates of EPS of $1.54 and $1.94 bln revenue - LSEG data** Co posts ...Reuters
Wed, May 14
AbbVie falls after Citi downgrades on US policy risks, pipeline concerns
** Shares of drugmaker AbbVie ABBV.N fall 1.5% to $185.43 after brokerage Citi downgrades to "neutral" from "buy"; cuts PT to $205 from $210** New PT represents 9.04% upside to stock's last close ** "While current fundamentals are solid, we suspect that the share impact fr...Reuters
Wed, May 14
Tesla adds to gains as board committee studies new compensation package for Musk
Investing.com -- Tesla Inc (NASDAQ:TSLA) shares gained in pre-open trading Wednesday following reports that the board is looking at new ways to compensate CEO Elon Musk after a record-setting pay packInvesting.com
Wed, May 14
BlackRock, PIF To Launch An Index Mandate Focusing On Saudi Equities
May 14 (Reuters) - BLACKROCK INC BLK.N:BLACKROCK AND PIF CONTINUE STRATEGIC COLLABORATION TO FURTHER DEVELOP AND ACCELERATE GROWTH OF CAPITAL MARKETS IN SAUDI ARABIABLACKROCK, PIF SIGN NON-BINDING LETTER OF INTENT (LOI) TO FORMALIZE THEIR STRATEGIC COLLABORATION THROUGH POTENTIAL NEW ALLOCATIONS TO ...Reuters
Wed, May 14
4 Reasons to Buy Alibaba Stock Like There's No Tomorrow
Alibaba Group Holding (NYSE: BABA), the largest e-commerce and cloud company in China, might seem like a risky stock to buy amid the rising tariffs and intensifying trade wars. However, its stock has actually risen nearly 50% since the beginning of the year as it impressed investors with the stabili...The Motley Fool
Wed, May 14
MIDEAST STOCKS-Most Gulf bourses settle flat, oil prices fall
May 14 (Reuters) - Most Gulf stock markets were unchanged at close on Wednesday after oil prices fell as investors looked for data about U.S. crude inventories amid worries of rising supply while stocks globally were steady as trade tensions seemed to ease.Brent crude futures fell 64 cents, or aroun...Reuters
Wed, May 14
Benchmark upgrades RTX on Trump defense policy upside, engine market strength
** Benchmark upgrades rating of aerospace and defense giant RTX RTX.N to "buy" from "neutral"** Sets price target of $140, representing a 7.1% upside to the stock's last close** Says U.S. President Donald Trump’s Peace Through Strength foreign policy is positive for RTX's aer...Reuters
Wed, May 14
LIVE MARKETS-Main US indexes little changed, but industrials, financials not far from fresh records
Main US indexes ~flatTech leads S&P 500 sector gainers; Utilities weakest groupEuro STOXX 600 index up ~0.1%Dollar, bitcoin, crude decline; gold slides >1.5%US 10-Year Treasury yield edges down to ~4.48%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters....Reuters
Wed, May 14
