ADVFN US – Market Content Editor
-
Intuit Shares Slip After Piper Sandler Initiates Coverage With Street-Low Price Target (INTU)
Intuit (NASDAQ:INTU) shares edged 0.9% lower in premarket trading after Piper Sandler began coverage of the financial software company with an Underweight rating and a $250 price target, the most bearish target currently assigned by Wall Street analysts. The new coverage adds to growing concerns over Intuit’s near-term growth outlook and increasing competitive pressures in…
-
IBM Shares Fall After HSBC Downgrades Stock Ahead of Quarterly Results (IBM)
International Business Machines (NYSE:IBM) came under pressure in premarket trading on Tuesday, with shares falling 3.1% after HSBC downgraded the stock from Hold to Reduce and set a price target of $191, significantly below the previous closing price of $290.23. The downgrade is among the most bearish views currently held by analysts covering IBM and…
-
Fastenal Delivers 15% Revenue Growth as Second-Quarter Sales Top Forecasts (FAST)
Fastenal Company (NASDAQ:FAST) reported second-quarter results on Tuesday that matched earnings expectations while posting stronger-than-expected revenue, supported by robust customer demand and continued growth among large accounts. The industrial distributor’s shares were little changed in premarket trading, slipping 0.04% following the earnings release. Revenue Beats Estimates as Sales Momentum Continues Fastenal reported adjusted earnings of…
-
Nvidia Tightens Asian Customer Approvals as US Chip Export Controls Intensify (NVDA)
Nvidia (NASDAQ:NVDA) has reportedly reduced by more than half the number of authorised customers in Asia permitted to purchase its artificial intelligence chips, as the company strengthens compliance measures in response to tighter US export controls, according to a report by the Financial Times citing people familiar with the matter. The changes are part of…
-
CleanSpark Secures $6.6 Billion Data Centre Lease as Shares Surge in Premarket Trading (CLSK)
CleanSpark Inc. (NASDAQ:CLSK) announced a long-term infrastructure lease worth an estimated $6.6 billion, sending its shares around 15% higher in premarket trading on Tuesday as investors welcomed the company’s expansion into digital infrastructure. The agreement covers a 20-year lease at CleanSpark’s Sandersville, Georgia campus with an unnamed global technology company. The contract also includes two…
-
AngioDynamics Tops Revenue Forecasts and Raises Sales Outlook for Fiscal 2027 (ANGO)
AngioDynamics Inc. (NASDAQ:ANGO) delivered stronger-than-expected fourth-quarter results on Tuesday, beating Wall Street forecasts for both revenue and adjusted earnings while issuing an upbeat sales outlook for fiscal 2027. The medical technology company’s shares rose 1.33% in premarket trading following the earnings release. Fourth-Quarter Revenue Exceeds Expectations For the quarter ended 31 May 2026, AngioDynamics reported…
-
Tower Semiconductor Unveils $3 Billion Japan Expansion to Boost AI Chip Production (TSEM)
Tower Semiconductor (NASDAQ:TSEM) has announced plans to invest $3 billion to expand its semiconductor manufacturing footprint in Japan, with the project receiving $1 billion in financial support from the Japanese government. The announcement sent the company’s U.S.-listed shares more than 18% higher in premarket trading as investors welcomed the move to increase production capacity for…
-
Spero Therapeutics Lands $105 Million Royalty Financing to Advance SP001 Development (SPRO)
Spero Therapeutics, Inc. (NASDAQ:SPRO) has entered into a $105 million non-recourse, non-dilutive royalty financing agreement with affiliates of HealthCare Royalty (HCRx), a company majority owned by KKR & Co. Inc. (NYSE:KKR), providing fresh capital to support its clinical pipeline without issuing new shares. Financing Backed by Future Utebzi Royalties The agreement gives HCRx the right…
-
Gold Rebounds From Two-Week Low as Markets Await US Inflation Data
Gold prices moved higher on Tuesday after briefly touching their lowest level in two weeks, with bargain buying emerging following Monday’s sharp decline as investors looked ahead to key US inflation figures and testimony from Federal Reserve Chair Kevin Warsh. Ongoing tensions in the Middle East and expectations that US interest rates could remain elevated…
-
Oil Climbs to Four-Week High as Rising US-Iran Tensions Renew Supply Concerns
Oil prices advanced to their highest levels in four weeks on Tuesday after renewed hostilities between the United States and Iran increased concerns over the security of energy shipments through the Strait of Hormuz. Brent crude futures gained $2.74, or 3.29%, to $86.04 a barrel by 07:51 GMT, while US West Texas Intermediate (WTI) crude…