5 Rumors Circling Wall Street Today
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StreetInsider.com Top Tickers, 6/23/2026
- US futures fall on tech selloff as concerns about hawkish Fed, AI spending mount
- SpaceX extends losses after $600 billion wipeout, tech stocks slide again
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
BofA Says Sluggish iPhone Demand Has Wide Implications for Chip Vendors
September 29, 2022 10:07 AM EDTIn a note Thursday, BofA analyst Vivek Arya said sluggish iPhone demand has broad implications for chipmakers, although they are modest.
The analyst was speaking following reports Wednesday that tech giant Apple (NASDAQ: AAPL) was ditching plans to boost production of its... More
Workiva (WK) Base Case Takeover Seen in Mid-to-High $80s - BMO
September 28, 2022 5:53 PM EDTBMO Capital analyst Daniel Jester weighed in on Workiva (NYSE: WK) following reports from Bloomberg News that wo private equity firms are potentially interested in acquiring the company. Jester said that given recent takeover premiums the software sector, they think a base case offer would likely be in the mid to high $80/share range (~6.5-7x FY23 sales).
The analyst commented, "Workiva has a strong core in SEC and statutory reporting, but faced a tough 2022 given... More
