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Wall St falls at open as Treasury yields surge; jobs data in focus
(Reuters) - Wall Street's main indexes opened lower on Tuesday as prospects of an extended restrictive monetary policy pushed Treasury yields to multi-year highs, while investors awaited crucial employment data to gauge the... More
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- Boeing (BA) plans to ramp up 737 monthly production to a record level by 2025 - Reuters
- TikTok owner ByteDance's operating profit hits $20B, valuation down to $220B - report
- Greenback keeps on climbing, dollar index at 10-month high
- Citi's Montagu says Nasdaq short positions continue to build
- Bank of America clients continue to buy S&P 500 despite rates concerns
- Tesla (TSLA) brings back rear-wheel Model Y at discounted price
- Spin-off and strategic investment could nearly double this aerospace supplier's stock - Jefferies
- UBS upgrades Warner Music (WMG) to Buy; Sees recent pullback as opportunity
- Oil steadies amid strong US dollar, mixed supply cues
- This tech giant will be an AI winner - Piper Sandler
- A -2.5% Nasdaq day might be coming soon, this analyst warns
- Futures edge up, JOLTS data ahead, FTX fraud trial begins - what's moving markets
- Trex (TREX) specifics suggest favorable risk/reward - Goldman Sachs
- Apple is implementing changes to its App Store rules as China tightens grip
- BofA just double upgraded this Buffett-backed IT stock
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JPMorgan's top quant Kolanovic sees similarities to 2007
Marko Kolanovic, a renowned strategist at JPMorgan Chase & Co., believes there are some similarities in investor sentiment today to the period leading up to the global financial crisis (GFC) of 2007-2008. In his... More
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3 analysts discuss Tesla stock and earnings setup after weak Q3 deliveries
Yesterday, Tesla (NASDAQ: TSLA) reported a total Q3 production of 430,488 vehicles and deliveries of 435,059 EV units. To provide context, during the second quarter, Tesla had reported total deliveries of... More
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Stocks slip as surging U.S. bond yields fuel investor angst
By Amanda Cooper LONDON (Reuters) - Global shares fell on Tuesday, crushed by a surge in U.S. bond yields that lifted the dollar after Federal Reserve officials served a reminder that borrowing... More
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Meta could start charging $14 a month for ad-free Instagram or Facebook - WSJ
Meta Platforms (NASDAQ: META), the parent company of Instagram and Facebook, is contemplating introducing a subscription service called "SNA," short for subscription no ads, for European users.... More
Tuesday, October 03, 2023 10:40 AM EDT
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Latest StreetInsider Headlines
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- 10:33 AM Conceal Announces Expansion into Japan with SentryMark Partnership: An Unparalleled Cybersecurity Collaboration to Stay Ahead of Emerging Threats
- 10:32 AM Brooklyn Chop House Dumplings are now Available Nationwide
- 10:32 AM Brompton Commemorates One Millionth Bike with Community Events
- 10:32 AM Todd Gleason Joins NSF’s Board of Directors
- 10:32 AM Keywords Edmonton says ‘Game Over’ for video game testers trying to fight for better
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13Fs
- Icahn adds to Icahn Enterprises L.P. (IEP), Southwest Gas Holdings, Inc. (SWX) in Q2
- Berkshire Hathaway Adds Homebuilders D. R. Horton (DHI), Lennar Corp (LEN), NVR (NVR)
- Buffett's Berkshire adds more Occidental Petroleum (OXY) shares
Accesswire
- Sportsbet.io Secures New Influencers for Ongoing Campaign
- Dr. Frieda Hottenstine Joins Animal Medical Center, Bringing Expertise in Veterinary Care and Compassion
- The Home Depot Wins 2023 Safer Choice Partner of the Year
Analyst Comments
- This tech giant will be an AI winner - Piper Sandler
- Trex (TREX) specifics suggest favorable risk/reward - Goldman Sachs
- Evercore ISI adds 4 medtech stocks to Tactical Outperform List
Analyst PT Change
- This tech giant will be an AI winner - Piper Sandler
- Trex (TREX) specifics suggest favorable risk/reward - Goldman Sachs
- UBS upgrades Warner Music (WMG) to Buy; Sees recent pullback as opportunity
Board Changes
- WeTrade Group (WETG) Announces Board and Management Changes
- Overstock.com (OSTK) gains 1% after naming heavy-hitter Marcus Lemonis to board
- Overstock (OSTK) Appoints Marcus Lemonis to Board of Directors
Business Wire
- Black & Veatch Chairman, CEO Mario Azar Named to United Way of Greater Kansas City’s Board
- Conceal Announces Expansion into Japan with SentryMark Partnership: An Unparalleled Cybersecurity Collaboration to Stay Ahead of Emerging Threats
- Todd Gleason Joins NSF’s Board of Directors
Commodities
- Oil prices climb as risk appetite grows, focus returns to supply outlook
- OPEC+ Ministerial Panel Unlikely To Recommend Output Policy Change At Oct. 4 Meeting - Reuters
- Oil settles lower but ends quarter up 28% on tight global supply
Corporate News
- Tesla (TSLA) brings back rear-wheel Model Y at discounted price
- WeTrade Group (WETG) Announces Board and Management Changes
- Gogo (GOGO) Announces Skyservice Business Aviation Receives Transport Canadian Certification for Gogo 5G on Bombardier Challenger 300 Series
Cryptocurrency
- CleanSpark (CLSK) Issues September 2023 Bitcoin Mining Update
- Crypto exchange Kraken to offer US-listed stocks' trading - Bloomberg News
- Crypto Exchange Kraken Plans Push Into Stock Trading - Bloomberg
Dividends
- Mesa Laboratories (MLAB) Declares $0.16 Quarterly Dividend; 0.6% Yield
- Luxfer Holdings plc (LXFR) Declares $0.13 Quarterly Dividend; 4% Yield
- Bank OZK (OZK) Raises Quarterly Dividend 2.8% to $0.37; 4.2% Yield
Downgrades
- Airbnb (ABNB) cut at KeyBanc as leisure travel tailwinds fade, margins reach near-term peak
- Raymond James Downgrades Tritium (DCFC) to Market Perform on financing concerns
- Raymond James Downgrades TPI Composites (TPIC) to Market Perform on cash generation risks and preferred stock overhang
Earnings
- Trinity Biotech (TRIB) Misses Q3 EPS by 7c
- Upexi, Inc. (UPXI) Misses FY EPS by 66c
- VivoPower International PLC (VVPR) Tops FY EPS by 4c
Economic Data
- US job openings unexpectedly rise in August
- JOLTS Job Openings (Aug) 9.61M vs 8.82M Expected
- US construction spending rises in August on homebuilding
Equity Offerings
- Gaia (GAIA) Prices 1.86M Share Offering at $2.70/sh
- Amprius Technologies (AMPX) Files $400M Mixed Shelf
- Biohaven Pharma (BHVN) Prices 10.23M Share Offering at $22/sh
FDA
- Immix Biopharma (IMMX) Announces Complete Response in 9th Relapsed/Refractory AL Amyloidosis Patient in NXC-201 Clinical Trial at IMS 20th Annual Meeting
- AcelRx Pharma (ACRX) Receives IDE Approval for Niyad and Advances to a Single Registration Study
- Kineta (KA) Reports Positive KVA12123 Monotherapy Safety and Biomarker Data
Fed
- Yen Surges After Reaching Weakest Vs Dollar Since October 2022 - Bloomberg
- Bostic Says Fed Still Has A Ways To Go To Get Inflation Back To Target
- Bostic Says Fed Still Has A Ways To Go To Get Inflation Back To Target
Globe Newswire
- WellSpan Health Bond Rating Affirmed by Agencies as Stable
- Keywords Edmonton says ‘Game Over’ for video game testers trying to fight for better
- Cast Off on a Container Ship's Voyage Through the Ocean in the New Picture Book I Ship by Kelly Rice Schmitt and Illustrated by Jam Dong
Guidance
- CleanSpark (CLSK) Issues September 2023 Bitcoin Mining Update
- Sadot Group (SDOT) Highlights Operational Milestones in Corporate Update
- Spice maker McCormick lifts profit forecast as higher prices cushion weaker demand
Hedge Funds
- Elliott Management said to explore the sale of Gigamon - Bloomberg
- Point72 Shows New 5.2% Stake in Morphic Holding (MORF)
- Weinstein Raises Sculptor Bid Anew As Rithm (RITM) Weighs Higher Offer - 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
- Footwear maker Birkenstock seeks IPO valuation of $9.2 billion
- Birkenstock Sets IPO At 32.26m Shares; Sees IPO Price $44-$49 - Bloomberg
- NYIAX, Inc (NYX) Announces 1.88M Share IPO at $4/sh
Market Check
- US 10 Year Yield Climbs to High Following JOLTS Jobs Data, 4.747%
- S&P 500 Declines After JOLTS Jobs Openings Data Tops Views
- Treasury 30-year Yield Rises To 4.856%, Highest Since 2007 - Bloomberg
Mergers and Acquisitions
- Novartis (NVS) Is Said To Weigh Selling Assets From Radiopharma Unit - Bloomberg
- Medical Properties Trust (MPW) Announces Final Approvals for HMC to Proceed With Acquisition of Remaining Australian Facilities
- Earthstone Energy (ESTE) Announces Expiration of Hart-Scott-Rodino Act Waiting Period in Connection with Proposed Transaction
New Coverage
- Trex (TREX) specifics suggest favorable risk/reward - Goldman Sachs
- Pickering Energy Partners Starts Antero Midstream Partners LP (AM) at Outperform
- Evercore ISI Resumes Bausch & Lomb Corp. (BLCO) at Outperform
Newsfile
- MINATI Token Announces Expansion into the Metaverse
- Tier One Capital Limited Partnership Announces Continuation of Normal Course Issuer Bid
- Minera Alamos Announces Maiden Resource Estimate for the Santana Gold Project, Sonora, Mexico
Press Releases
- WellSpan Health Bond Rating Affirmed by Agencies as Stable
- SB22 Announces Strategic Partnership with BetLeroy's
- Introducing the SDL Portal App: Enhancing Citizen Engagement for Counties and Municipalities
Private Company News
- TikTok owner ByteDance's operating profit hits $20B, valuation down to $220B - report
- Character.ai Said To Be In Talks to Raise Funds at $5 Billion Valuation - Bloomberg
- Epic Games Is Laying Off 16% Of Employees - Bloomberg
PRNewswire
- SB22 Announces Strategic Partnership with BetLeroy's
- Introducing the SDL Portal App: Enhancing Citizen Engagement for Counties and Municipalities
- KEYBANK PROVIDES $14.6 MILLION OF FINANCING FOR SUPPORTIVE HOUSING IN TACOMA, WASHINGTON
Reuters
- Zelenskiy visits troops fighting in northeastern Ukraine
- Russian court rejects Apple appeal against abuse of dominant market position - RIA
- Parents of Michigan teen school shooter to face trial
SEC Filings
- Form 4 HUMANA INC For: Sep 29 Filed by: SMITH BRAD D
- Form 424B2 BARCLAYS BANK PLC
- Form 4 REPUBLIC BANCORP INC For: Sep 29 Filed by: Nichols George III
SPAC
- Heramba Electric to List on Nasdaq Through Business Combination with Project Energy Reimagined Acquisition Corp (PEGR)
- Ault Disruptive (ADRT) Announces Acceptance of Compliance Plan by NYSE American
- Churchill Capital Corp V (CCV) Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
Upgrades
- UBS upgrades Warner Music (WMG) to Buy; Sees recent pullback as opportunity
- Wingstop (WING) risk/reward now more balanced, Jefferies sees diminishing overhang from 2H SSS deceleration
- Fiverr International (FVRR) lifted at Roth MKM on positive survey results, potential AI tailwind
