ADVFN US – Market Content Editor
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ON Semiconductor Shares Climb After Citi Highlights Potential Upside Ahead of Analyst Day (ON)
ON Semiconductor (NASDAQ:ON) shares gained 5% on Monday after Citi raised its price target on the chipmaker and placed the stock on its Upside Catalyst Watch list ahead of the company’s Analyst Day in September. The move reflects growing optimism around ON Semiconductor’s exposure to data centre power infrastructure and its long-term growth opportunities in…
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Powerfleet Shares Jump on Strong Fiscal 2027 Outlook Despite Earnings Miss (AIOT)
Powerfleet, Inc. (NASDAQ:AIOT) shares climbed 7.5% in premarket trading on Monday after the AIoT software-as-a-service provider issued fiscal 2027 guidance that comfortably exceeded Wall Street expectations, offsetting a weaker-than-expected earnings performance in its latest quarter. Investors focused on the company’s robust growth outlook and improving profitability metrics as management outlined expectations for another year of…
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Electronic Arts Unveils New Advertising Platform for In-Game Brand Activations (EA)
Electronic Arts Inc. (NASDAQ:EA) has introduced EA Advertising, a new platform designed to allow brands to connect directly with players through integrated advertising experiences across the company’s gaming ecosystem. The initiative enables advertisers to place dynamic and real-time marketing content within games and live experiences, creating new opportunities for engagement across EA’s global audience. New…
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Coda Octopus Shares Jump After Earnings Beat Despite Revenue Shortfall (CODA)
Coda Octopus Group, Inc. (NASDAQ:CODA) shares climbed nearly 9% in premarket trading on Monday after the underwater technology specialist reported fiscal second-quarter 2026 earnings that surpassed analyst expectations, even as revenue came in below forecasts. The company delivered stronger profitability during the quarter, supported by expanding margins and lower operating costs. Earnings Outperform Expectations For…
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Fox to Buy Roku in $22 Billion Deal to Build Streaming and Live Media Powerhouse
Fox Corp. (NASDAQ:FOX) has agreed to acquire Roku Inc. (NASDAQ:ROKU) in a cash-and-stock transaction with an enterprise value of approximately $22 billion, combining one of the largest providers of live sports and news content with a leading connected-TV platform. The acquisition represents a major strategic move as media companies seek greater scale and direct access…
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Elicio Therapeutics Shares Plunge After Pancreatic Cancer Study Misses Main Goal (ELTX)
Elicio Therapeutics Inc. (NASDAQ:ELTX) shares tumbled 47% on Monday after the company announced that its Phase 2 AMPLIFY-7P trial of ELI-002 7P in pancreatic cancer failed to achieve its primary endpoint of disease-free survival in the intent-to-treat population. The study assessed ELI-002 7P against observation in patients with resected Stage I-III mutant KRAS-driven pancreatic ductal…
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American Express Shares Edge Higher on Planned $700 Million TheFork Acquisition (AXP)
American Express Co. (NYSE:AXP) shares rose 1.3% in premarket trading on Monday after the company announced an agreement to acquire TheFork from Tripadvisor Inc. (NASDAQ:TRIP) in a transaction valued at $700 million. The proposed acquisition is designed to strengthen American Express’ dining ecosystem and expand its footprint across key European markets. Deal Expands Restaurant Booking…
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Pattern Group Shares Fall After Launch of Secondary Stock Offering (PTRN)
Pattern Group Inc. (NASDAQ:PTRN) shares dropped 7% on Monday after the ecommerce technology company announced a proposed secondary offering involving 8 million shares of its Series A common stock. The transaction is being conducted by an existing shareholder and will not result in any proceeds being received by the company. Existing Investor to Sell Stake…
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Nvidia Targets $20 Billion-Plus Bond Offering in Return to Debt Markets (NVDA)
Nvidia Corp. (NASDAQ:NVDA) is set to return to the investment-grade bond market for the first time in roughly five years, with plans to raise at least $20 billion through a multi-tranche debt issuance, according to a report from Bloomberg News. The proposed offering would mark one of the company’s largest financing transactions as demand for…
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Fiserv Shares Slide as CEO Mike Lyons Departs for Truist Leadership Role (FISV)
Fiserv Inc. (NASDAQ:FISV) shares fell 7% on Monday after the company announced that Chief Executive Officer Mike Lyons will leave the payments and financial technology group to take up the role of CEO at Truist Financial Corporation. The leadership change comes as Fiserv moves to ensure continuity with the immediate appointment of Takis Georgakopoulos as…