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Wall St set to open flat ahead of Easter break, eyes sharp Q1 gains
By Shashwat Chauhan and Bansari Mayur Kamdar (Reuters) -Wall Street's main stock indexes were set to open flat on Thursday in thin trading ahead of Easter break, as investors awaited more data to... More
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- Oil prices advance on tighter supply outlook
- UBS shares swing as analysts flag hit to income, trading briefly halted
- Wedbush cuts Tesla PT to $300 as Q1 deliveries signal ‘nightmare quarter’
- Take-Two acquisition, global M&A, UBS diligence - what's moving markets
- Robinhood (HOOD) rises after saying it plans to launch a credit card for US consumers
- Short sellers target Reddit shares as stock slips
- RH touts 'exceptional' demand for new collections after Q4 results fall short
- Can the Baltimore Bridge collapse reignite inflation? Analyst answers
- DraftKings (DKNG) target raised as Needham & Company adds stock to Conviction List
- RBC lifts S&P 500 target to 5,300, adjusts EPS forecast
- Carnival Corp. (CCL) tops Q1 expectations as booking volumes 'hit an all-time high'
- Walgreens Boots Alliance (WBA) tops Q2 expectations, narrows full-year profit forecast
- Equity fund flows positive for fifth month, market broadening expected - Barclays
- nCino (NCNO) soars 14% on Q4 report, analyst says buying behavior is normalizing
- Nio (NIO) down on Q1 delivery outlook cut, analyst sees new target as 'achievable'
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Home Depot agrees to buy SRS Distribution, sees TAM expanding to $1 trillion
On Thursday, Home Depot (NYSE: HD) announced plans to acquire SRS Distribution for $18.25 billion, marking its largest step yet towards expanding its reach to professional customers like contractors... More
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Yen on intervention watch; Asia shares creep higher
By Rae Wee SINGAPORE (Reuters) -The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities prevented traders from pushing the currency to a new low,... More
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Dollar gains as inflation data looms; yen on intervention watch
By Brigid Riley and Alun John TOKYO/LONDON (Reuters) -The dollar gained on the euro and pound on Thursday after a U.S. Federal Reserve policy maker said he wasn't in a... More
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Piper Sandler: Stock rally likely to continue on rising recession risks
Piper Sandler's strategists see the stock market continuing its upward climb amid "rising recession risks."They believe that even though these risks are generally bad signals, this time around, they could actually give... More
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- 08:31 AM Global Water Resources Declares Monthly Dividend
- 08:31 AM ReShape Lifesciences® Receives Notice of Allowance for Additional U.S. Patent Related to an Intragastric Balloon System
- 08:31 AM First Quantum Provides Notice of First Quarter 2024 Results
- 08:31 AM Reborn Coffee Reports Fiscal Year 2023 Financial Results
- 08:31 AM SRS Distribution Announces Next Phase of Growth by Combining with The Home Depot to Better Serve Professional Customers
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13Fs
- Buffett's Berkshire adds Atlanta Braves stocks, sells GM and Procter & Gamble
- Starboard Value raises stake in Acacia Research, exits Splunk and Papa John's
- Soros fund sells remaining stake in Rivian, buys 1.5M shares of Novo Nordisk in Q3
Accesswire
- Globestar Therapeutics Update on Project Amethyst(TM) and Recent Financials
- Biodexa's MTX110 Shows Promise In Extending Life Expectancy Against Aggressive Brain Cancers
- Biotricity Accelerates Market Access by Partnering with Third Major Group Purchasing Organization, Expanding Market Reach to 90% of U.S. Hospitals
Analyst Comments
- UPS (UPS) PT Lowered to $150 at HSBC, 'on lower multiple to reflect continued de-rating'
- Vertiv Holdings Co. (VRT) PT Raised to $94 at Wolfe Research, 'price targets could continue to trend towards bull case scenarios'
- Braze Inc (BRZE) PT Lowered to $58 at Scotiabank, 'has done a very formidable job over the last ~12 months'
Analyst PT Change
- UPS (UPS) PT Lowered to $150 at HSBC, 'on lower multiple to reflect continued de-rating'
- UPS (UPS) PT Lowered to $150 at HSBC, 'on lower multiple to reflect continued de-rating'
- Vertiv Holdings Co. (VRT) PT Raised to $94 at Wolfe Research, 'price targets could continue to trend towards bull case scenarios'
Board Changes
- Dyadic International, Inc. (DYAI) Announces Board and Management Changes
- Third Harmonic Bio (THRD) Appoints Geoff McDonough to its Board
- Tenon Medical (TNON) Appoints Kristine Jacques to its Board
Business Wire
- SilverBow Resources Highlights Successful Implementation of Strategy and Positive Business Momentum
- Leonard Green & Partners and Berkshire Partners Portfolio Company, SRS Distribution, Enters into a Definitive Agreement to be Acquired by The Home Depot for $18.25 Billion
- SRS Distribution Announces Next Phase of Growth by Combining with The Home Depot to Better Serve Professional Customers
Commodities
- Oil prices advance as investors reassess US inventories data
- Oil prices have path to $100/barrel on Russia cuts, but US likely to stand in way
- Oil prices have path to $100/barrel on Russia cuts, but US likely to stand in way
Corporate News
- Neurocrine Biosciences (NBIX) Initiates Phase 1 Study of NBI-1065890
- FDA Expands Indication for Gilead's (GILD) Vemlidy to Treat Chronic HBV Infection in Pediatric Patients as Young as Six
- Dyadic International, Inc. (DYAI) Announces Board and Management Changes
Cryptocurrency
- Coinbase (COIN) CEO Armstrong: Great progress on the SEC case - and huge win for self-custodial wallets
- US judge says SEC suit against Coinbase (COIN) can go ahead
- SEC seeking $2 billion from Ripple Labs - Chief Legal Officer
Dividends
- CMCT (CMCT) Declares $0.085 Quarterly Dividend; 8.1% Yield
- Glacier Bancorp (GBCI) Declares $0.33 Quarterly Dividend; 3.3% Yield
- United Security Bancshares (UBFO) Declares $0.12 Quarterly Dividend; 6.5% Yield
Downgrades
- Sidoti Downgrades Construction Partners Inc (ROAD) to Neutral
- Sidoti Downgrades Construction Partners Inc (ROAD) to Neutral
- Morgan Stanley Downgrades China Jinmao Holdings Group Limited (817:HK) (CJNHF) to Equalweight
Earnings
- Walgreens Boots Alliance (WBA) tops Q2 expectations, narrows full-year profit forecast
- Walgreens books $5.8-billion impairment charge on VillageMD investment
- Can-Fite BioPharma (CANF) Reports FY23 Results, Issues Clinical Update
Economic Data
- Core PCE QoQ (4Q T) 2% vs 2.1% Expected
- GDP Annualized QoQ (4Q T) 3.4% vs 3.2% Expected
- Initial Jobless Claims 210K vs 212K Expected
Equity Offerings
- AMC Entertainment (AMC) Enters $250M ATM Agreement
- AMC Entertainment (AMC) enters into an equity distribution agreement
- VinFast Auto (VFS) Announces 5M Share Offering by Selling Stockholders
FDA
- Neurocrine Biosciences (NBIX) Initiates Phase 1 Study of NBI-1065890
- FDA Expands Indication for Gilead's (GILD) Vemlidy to Treat Chronic HBV Infection in Pediatric Patients as Young as Six
- Biodexa Pharmaceuticals' (BDRX) MTX110 Shows Promise In Extending Life Expectancy
Fed
- Fed says official net negative income was $114.3 billion in 2023
- Citi says Fed will cut by 125bp this year on waning labor market strength
- Fed gets an earful about 'stranglehold' from high rates
Globe Newswire
- Reborn Coffee Reports Fiscal Year 2023 Financial Results
- First Quantum Provides Notice of First Quarter 2024 Results
- ReShape Lifesciences® Receives Notice of Allowance for Additional U.S. Patent Related to an Intragastric Balloon System
Guidance
- Walgreens Boots Alliance (WBA) tops Q2 expectations, narrows full-year profit forecast
- NRx Pharmaceuticals (NRXP) Reports Prelim FY23 Results
- Akanda Corp (AKAN) Announces Strategic Plan to Evaluate and Enter Bitcoin, Blockchain, AI Segments of the Cannabis Market
Hedge Funds
- Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier
- Ancora Sends Letter to Norfolk Southern (NSC) Shareholders
- The Carlyle Group (CG) Said to Weigh $1B IPO for Hexaware - Bloomberg
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
- Udemy (UDMY) IPO: 7 Things to Know About Upcoming $4 Billion IPO
IPOs
- Boundless Bio (BOLD) Prices 6.25M Share IPO at $16/sh
- Wellchange Holdings Company (WCT) Announces 2M Share IPO at $4-$5/sh
- IMMRSIV (IMSV) Announces 4.14M Share IPO at $4-$5/sh
Market Check
- Wall St at record highs as rate-cut hopes flourish, chipmakers rally
- Wall St ends higher as Fed keeps three rate cuts on the horizon
- Midday movers: Tesla, Nvidia fall premarket; Robinhood, Dollar General rise
Mergers and Acquisitions
- Keysight Technologies (KEYS) announces its intention to acquire Spirent
- Labcorp (LH) Announces Acquisition of Select Assets of BioReference Health's Diagnostics Business
- Resources Connection (RGP) to Acquire Reference Point LLC
New Coverage
- William Blair Starts Bentley Systems Inc. (BSY) at Outperform, 'believe the company has several growth levers'
- Piper Sandler Starts TransMedics Group (TMDX) at Overweight, believes strong growth will continue for several more years
- Piper Sandler Starts SI-BONE Inc. (SIBN) at Overweight, 'would recommend investors own the name'
Newsfile
- Blyth Academy Hosts Clara Hawking in a Landmark Event to Champion AI Learning in Education
- Akanda Corp. Announces Strategic Plan to Evaluate and Enter Bitcoin, Blockchain, AI Segments of the Cannabis Market
- Neptune Commences Normal Course Issuer Bid
Press Releases
- New Publication: Racial Difference in Detection Rate of Bladder Cancer Using Blue Light Cystoscopy
- Lightwave Logic EO Polymer Achieves World-Class Performance of 400Gbps with Plasmonic Mach Zehnder Modulator
- SilverBow Resources Highlights Successful Implementation of Strategy and Positive Business Momentum
Private Company News
- Former US Treasury Secretary Mnuchin putting together an investor group to acquire TikTok
- Robotics startup Figure raises $675 million from Microsoft, Nvidia, OpenAI
- Fintech giant Stripe valued at $65 billion in stock-sale deal for employees
PRNewswire
- New Publication: Racial Difference in Detection Rate of Bladder Cancer Using Blue Light Cystoscopy
- Lightwave Logic EO Polymer Achieves World-Class Performance of 400Gbps with Plasmonic Mach Zehnder Modulator
- AI-Integrated Robotic Hair Restoration Revolutionizes Quality Of Life At Dallas Men's Health
Reuters
- UBS flags commercial real estate downturn as a top risk
- Japan PM Kishida says appropriate for BOJ to keep easy policy
- Poland, Ukraine close to agreement on food imports, says Tusk
SEC Filings
- Form 10-K PSYCHEMEDICS CORP For: Dec 31
- Form 6-K ELBIT SYSTEMS LTD For: Mar 28
- Form 424B3 Critical Metals Corp.
SPAC
- Trump Media & Technology (DWAC) to Begin Trading Under Ticker "DJT"
- APX Acquisition (APXI), OmnigenicsAI Corp and MultiplAI Health Ltd enter into Business Combination Agreement to create a global AI-driven genomics platform
- Some Traders Redeemed DWAC Shares at 75% Loss Ahead of SPAC Vote - Bloomberg