April 17, 2026 12:39 pm
Key Moments Affirm shares rose 3.5% in premarket trading after Morgan Stanley designated the stock as its Top Pick. Morgan Stanley sees potential for Affirm to sustain 30%+ GMV growth and attractive AOI margins over the near to medium term. The bank set a $76 price target, implying about 27% upside and a roughly 24x […]
Read moreApril 17, 2026 12:18 pm
Key Moments Netflix (NASDAQ:NFLX) shares dropped nearly 10% in premarket trading after co-founder and chairman Reed Hastings said he will leave the company. Hastings, who helped lead a failed bid for Warner Bros Discovery earlier this year, will not stand for re-election at Netflix’s annual meeting in June. Netflix exceeded first-quarter revenue and profit estimates […]
Read moreApril 17, 2026 8:57 am
Key Moments Apple’s iPhone shipments in China rose 20% in the first quarter, the fastest growth among major smartphone brands. Overall smartphone shipments in China declined 4% in the January-to-March period amid higher memory chip costs and supply chain issues. Huawei, Apple, and Vivo were the only leading vendors to record growth, while Xiaomi’s shipments […]
Read moreApril 16, 2026 2:03 pm
Key Moments Walmart (NYSE:WMT) highlighted plans to remodel 72 Texas stores in 2026 as part of a wider modernization program. The retailer is remodeling more than 650 Supercenters and Neighborhood Markets nationwide this year and has invested over $2.5 billion in Texas upgrades over the past five years. A new milk processing facility in Robinson, […]
Read moreApril 16, 2026 1:54 pm
Key Moments Alphabet’s Google is in negotiations with the U.S. Department of Defense on a deal to deploy its Gemini AI models in classified environments, according to the Information. The discussions reportedly include terms permitting all lawful uses while restricting applications such as domestic mass surveillance and autonomous weapons without appropriate human oversight. A potential […]
Read moreApril 16, 2026 1:10 pm
Key Moments Bank of America strategists say 2026 has marked the start of a regime of higher earnings and lower price-to-earnings multiples. The bank keeps its S&P 500 year-end target at 7,100 with a 13% EPS growth outlook, indicating further PE compression. Technology, media and telecoms, Industrials, and consumer sectors are highlighted for notable valuation […]
Read moreApril 16, 2026 12:51 pm
Key Moments: PepsiCo cut salty snack prices in the U.S. by up to 15% on brands including Lay’s and Doritos, helping North America foods volumes rise for the first time in a year. First-quarter revenue increased 8.5% to $19.44 billion and adjusted earnings per share reached $1.61, exceeding estimates of $18.94 billion and $1.55, respectively. […]
Read moreApril 16, 2026 12:22 pm
Key Moments Oracle (NYSE:ORCL) rose 3.8% on Thursday, supported by strong tech sector momentum and news of a deeper AWS partnership. The companies plan a new multicloud network linking Oracle Interconnect with AWS Interconnect. The first rollout will start later this year in AWS US East (N. Virginia). Oracle Stock Gains on Multicloud News Oracle […]
Read moreApril 16, 2026 9:35 am
Key Moments Kepler Cheuvreux downgraded Stellantis to Hold from Buy. It also cut earnings forecasts for 2026 and 2027. In addition, the firm lowered its global light vehicle demand and production outlook. It cited the impact of the Iran war, especially in Europe. As a result, Kepler reduced its price target by about 17% to […]
Read moreApril 16, 2026 8:37 am
Key Moments A New York jury found that Live Nation and Ticketmaster unlawfully monopolized key U.S. live event markets. Live Nation shares fell 6.3% after the verdict, while Vivid Seats and StubHub gained 9.3% and 3.5%, respectively. States are expected to seek a forced divestiture of Ticketmaster and damages after the jury found fans were […]
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