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Tariff fears pressure British stocks; Aston Martin slumps to record low
FTSE 100 down 0.3%, FTSE 250 down 0.6%Aston Martin hits record low on US auto tariffNext up on profit outlook upgrade, hits 1 billion pound milestoneUK in talks over US car tariffs, finance minister says March 27 (Reuters) - British equities closed lower on Thursday, with mining stocks leading de...Reuters
Thu, Mar 27
LIVE MARKETS-Investment advisor sentiment: Has the worst of the storm passed?
Nasdaq, S&P 500 both roughly flat, Dow dipsCons Disc leads S&P 500 sector gainers; Energy weakest groupEuro STOXX 600 index off ~0.45%Dollar down; bitcoin slips; crude edges up; gold rallies >1%US 10-Year Treasury yield rises to ~4.38% Welcome to the home for real-time coverage of markets...Reuters
Thu, Mar 27
Par Pacific rises on Goldman Sachs upgrade
** Refiner Par Pacific's shares PARR.N rise ~3.9% to $14.78** Earlier in the session, stock traded at its highest since end-February at $15.26** Brokerage Goldman Sachs raises rating to "buy" from "neutral", PT to $19 from $18** New price target represents 33.5% upside to stock&#...Reuters
Thu, Mar 27
ADM adds to gains after announcing Mitsubishi partnership
** Archer-Daniels-Midland's ADM.N up ~2% to $48.01 after it announced it signed a non-binding agreement with Japanese industrial giant Mitsubishi 8058.T to explore potential collaboration across the agriculture value chain** ADM is on track for three straight sessions of gains and on track for h...Reuters
Thu, Mar 27
Winnebago shares up 7% after quarterly report, guidance
** Shares in recreational vehicle co Winnebago Industries WGO.N up ~7% after fiscal Q2 results beat Street expectations; EPS outlook also beat consensus est though weaker than co's previous guidance** WGO reported adj. EPS of $0.19 vs consensus est $0.13, rev of $620.2 mln vs consensus $616.7 m...Reuters
Thu, Mar 27
Tariffs will have 'unequivocally negative' impact on auto retail ecosystem, JPM says
** Tariffs on imported autos are "unequivocally negative" for the auto retail ecosystem, raising new car prices by $4,000 to $5,300, an increase of 9% to 12%, J.P.Morgan says** U.S. President Donald Trump has said he will impose 25% tariffs on all vehicles and foreign-made auto parts importe...Reuters
Thu, Mar 27
LIVE MARKETS-GAVI funding cuts loom, but Bernstein analysts urge calm
Main US indexes edge lowerTech down most among S&P 500 sectors; cons disc up most Euro STOXX 600 index down ~0.5%Dollar, bitcoin decline; crude up; gold surges >1%U.S. 10-Year Treasury yield rises to ~4.38%Welcome to the home for real-time coverage of markets brought to you by Reuters reporte...Reuters
Thu, Mar 27
GameStop shares tumble as investors question bitcoin pivot
By Lisa Pauline Mattackal March 27 (Reuters) - Shares of GameStop fell more than 15% on Thursday after the company's plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business. The video game retailer'...Reuters
Thu, Mar 27
Auto dealers fall after Trump's tariff announcement
** Shares of U.S. auto dealerships fall after President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week** "Once the tariffs take hold, we would expect the initial action for OEMs to be to reduce production in Mexico/Canada and concurrently red...Reuters
Thu, Mar 27
US STOCKS-Wall St struggles for direction as Trump's auto tariffs sap sentiment
Indexes off: Dow 0.33%, S&P 500 0.13%, Nasdaq 0.13%Advanced Micro Devices down after brokerage downgradeQ4 GDP up 2.4%, weekly jobless claims at 224,000By Pranav Kashyap and Johann M Cherian March 27 (Reuters) - Wall Street seesawed between marginal gains and losses on Thursday, as investors ...Reuters
Thu, Mar 27
Kyndryl falls after Gotham City issues new report
** Shares of technology services company Kyndryl Holdings KD.N fall 11.2% to $30.24** Short-seller fund Gotham City Research issues report saying KD manipulates reported adj. EBITDA and adj. free cash flow to artificially give the appearance that it generates profits and cash flow; while in reality,...Reuters
Thu, Mar 27
Latham, Northwestern seek fees from conservative group in bias case
By David Thomas and Mike Scarcella March 27 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or suggestions to D.Thomas@thomsonreuters.com) Northwestern University and its lawyers at Latham & Watkins have asked a judge to award them attorney...Reuters
Thu, Mar 27
HEDGE FLOW-Hedge funds short Nvidia, Tesla and AMD, Morgan Stanley says
By Carolina Mandl NEW YORK, March 27 (Reuters) - Hedge funds are increasingly betting against stocks, with Nvidia NVDA.O, Advanced Micro Devices AMD.O and Tesla TSLA.O as their top three shorts placed on Wednesday, a Morgan Stanley note showed on Thursday.Wednesday was the third largest day of si...Reuters
Thu, Mar 27
Piper Sandler cuts PT on agri-chemical companies amid tariff uncertainty
** Piper Sandler reduces PT on agricultural commodities traders to reflect market uncertainty tied to potential tariffs and trade retaliation** Brokerage says key risk is largely macro related and would be tied to the possibility of retaliatory tariff on U.S. agricultural products, especially from C...Reuters
Thu, Mar 27
Ouster gets 'outperform' rating as Oppenheimer initiates coverage on AI-enhanced lidar sensors
** Brokerage Oppenheimer starts coverage on lidar sensor maker Ouster OUST.O with "outperform" rating and $16 PT** New PT represents 50.6% upside to the stock's last close** Brokerage says OUST is positioned for growth in the industrial AI space, particularly in the US and western Europe...Reuters
Thu, Mar 27
Tesla, EV peers gain on limited tariff exposure, bucking broader auto-sector slump
** Tesla's TSLA.O shares rise along with EV making peers, while other automakers slump on fears of hit from new US taxes on auto imports** While CEO Musk warns of "significant" impact, analysts say Tesla's exposure is limited due to a US-centric supply chain** TSLA up 5.8% at $287.78...Reuters
Thu, Mar 27
Impact of NIH job cuts "better than feared" for life sciences firms, Leerink says
** The job cuts at the National Institutes of Health is "better than feared" signaling a "less bad" year compared to prior expectations for tools and diagnostics firms, brokerage Leerink Partners says** The U.S. Department of Health and Human Services will cut about 10,000 full-time ...Reuters
Thu, Mar 27
Kyndryl shares slump after Gotham City alleges it manipulated metrics
March 27 (Reuters) - Shares of Kyndryl KD.N fell nearly 13% on Thursday, after a research report from short-seller Gotham City alleged the IT services provider has manipulated certain financial metrics. Gotham City said Kyndryl manipulated its reported adjusted EBITDA and adjusted free cash flow to ...Reuters
Thu, Mar 27
