July 1, 2026 1:41 pm
Key Moments General Mills reported adjusted fourth-quarter earnings of 95 cents per share, exceeding the average analyst estimate of 80 cents per share. Quarterly sales came in at $4.61 billion for the period ended May 31, slightly ahead of the $4.60 billion analysts had projected. The stock, down 25% so far in 2026, rose 3% […]
Read moreJuly 1, 2026 12:10 pm
Key Moments Kroger agreed to acquire Giant Eagle in a transaction valued at $1.65 billion, including cash and assumed liabilities. The company expects the Giant Eagle acquisition to be accretive to adjusted earnings in the second full year after closing in 2027. Kroger is pursuing consolidation amid fierce competition from Walmart and Amazon while reaffirming […]
Read moreJuly 1, 2026 9:37 am
Key Moments Nike (NYSE:NKE) stock is down 3.6% in pre-market trading at $39.55, nearing its 52-week low of $40.00. Q4 FY2026 revenue of $11.0 billion and adjusted EPS of $0.20 exceeded expectations, but guidance pointed to revenue declines in the first half of the new fiscal year. Greater China sales dropped 17% on a constant-currency […]
Read moreJuly 1, 2026 9:20 am
Key Moments Tesla’s second-quarter vehicle deliveries are expected to increase by 5%, driven mainly by stronger European demand. Wall Street forecasts 402,780 deliveries for the June quarter, a 4.9% year-over-year rise and 12.5% sequential gain, according to 20 analysts. Deutsche Bank projects nearly 40% regional growth in Europe, modest 3% growth in China, and a […]
Read moreJuly 1, 2026 8:50 am
Key Moments BlackRock Investment Institute shifted its view on emerging market equities to neutral from a small overweight. The institute upgraded emerging market local currency debt to a small overweight while moving hard-currency debt to neutral. Euro zone government bonds were raised to overweight, with a preference for short- and medium-term maturities. Repositioning in Emerging […]
Read moreJune 30, 2026 2:19 pm
Key Moments Align Technology (NASDAQ:ALGN) stock declined 2% on Tuesday after the European Commission launched an antitrust investigation. The probe focuses on alleged tying of Align’s iTero intra-oral scanners with its Invisalign clear aligners in the European Economic Area. The investigation follows a complaint from a competitor and will review potential breaches of EU competition […]
Read moreJune 30, 2026 1:36 pm
Key Moments Air Products and Chemicals shares climbed 7.4% in pre-market trading after the company decided to cancel its Louisiana Clean Energy Complex. The decision is expected to result in pre-tax charges of up to $2.9 billion, or about $2.2 billion after tax, to be recognized in the fiscal 2026 third quarter. The company reported […]
Read moreJune 30, 2026 1:28 pm
Key Moments Qualcomm projects $40 billion in non-handset revenue by fiscal 2029, led by data center, automotive, and industrial/IoT businesses. The planned $3.92 billion all-stock acquisition of Modular would give Qualcomm control of the Mojo language and MAX inference engine to reduce GPU ecosystem lock-in. Shares have fallen more than 20% over the last 30 […]
Read moreJune 30, 2026 1:04 pm
Key Moments Amentum (NYSE:AMTM) stock increased 5% on Tuesday morning following news of a significant NASA contract win. The COSMOS contract was granted to ASCEND Aerospace & Technology, LLC, a joint venture between Amentum and Aerodyne Industries, LLC. The award strengthens Amentum’s role in mission operations, training, and systems support for multiple NASA programs. Contract […]
Read moreJune 30, 2026 12:37 pm
Key Moments Bernstein lifted its price target on SanDisk to $3,000 from $1,700, citing a structural shift in memory long-term agreements (LTAs). The broker estimates SanDisk’s LTA floor price at $0.29 per gigabyte, aligned with its second-quarter 2026 average selling price forecast. Under a modeled downturn, Bernstein projects SanDisk’s fiscal 2030 EPS at $214 with […]
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