S&P 500 slumps as underwhelming quarterly results rattle sentiment
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StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 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
RBC Capital on Biogen (BIIB): 'CMS Makes It Clear - Leqembi Will Be Broadly Reimbursed - Should Reduce Overhang'
April 26, 2023 3:16 PM EDTRBC Capital analyst Brian Abrahams reiterated an Outperform rating and $340.00 price target on Biogen (NASDAQ: BIIB).
The analyst comments "We believe many people have been on the sidelines on BIIB because of concerns around Leqembi events this year - upcoming competitor data from LLY, an AdComm, the PDUFA for potential full approval, and CMS decision on reimbursement. Our sense has been that reimbursement is the biggest uncertainty weighing on the stock and on perceptions around Leqembi's long-term potential, as despite CMS's contention they will broaden reimbursement as soon as the drug... More
Stellantis (STLA) offering voluntary buyouts to 33,500 U.S. employees
April 26, 2023 1:53 PM EDTStellantis (NYSE: STLA) announced Wednesday that the Chrysler parent company is offering voluntary exit packages to 33,500 U.S. employees as it looks to streamline operations.
The automaker did not say how many total jobs it is looking to eliminate. However, the offer covers 31,000 U.S. hourly workers and about 2,500 salaried workers. The company is also... More
Evercore ISI Stays Outperform on Microsoft (MSFT): 'this announcement should not distract from the broader narrative around cloud/AI'
April 26, 2023 9:26 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $337.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "In a somewhat surprising move after a lot of back/forth between the two parties, the CMA denied Microsofts acquisition of Activision based on concerns about the downstream implications on the cloud gaming market. There are a lot of potential long-term implications for tech M&A that are worth discussing at another time, but the bottom line as it relates to MSFT/ATVI is that the process from here... More
Stellantis (STLA) to cut 3,500 U.S. jobs
April 26, 2023 8:31 AM EDTAccording to a United Auto Workers union letter made public Tuesday, Chrysler and Dodge parent company Stellantis (NYSE: STLA) wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages.
According to the letter, The automaker is looking to reduce its... More
McDonald's (MCD) PT Raised to $325 at Guggenheim
April 26, 2023 6:13 AM EDTGuggenheim analyst Gregory Francfort raised the price target on McDonald's (NYSE: MCD) to $325.00 (from $305.00) while maintaining a Buy rating.
The analyst commented, "McDonalds posted a very strong 1Q23 with EPS of $2.45 (that does not back out an $0.18 restructuring charge) vs. our $2.35 estimate. We... More
