SoFi Technologies (SOFI) is taking over British fintech PrimaryBid, Sky News reported Monday, citing a letter PrimaryBid sent its shareholders that it viewed.
SoFi and PrimaryBid didn't immediately reply to requests for comment from.
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Price: $15.99, Change: $+0.24, Percent Change: +1.52%
McDonald's (MCD) is poised for underlying momentum with US and global market share gains likely through 2026 despite macro headwinds, UBS said in a note emailed Monday.The company's negative US and international April same-store sales growth reflects tough prior year comparisons, and the setup over the rest of the year could include additional difficult laps and headwinds from higher gas prices and depressed consumer sentiment, UBS added.UBS still expects solid sales gains in 2026, led by sales initiatives rolling out through the year across menu innovation, marketing campaigns, and digital and loyalty programs, along with stronger value offerings, according to the note.McDonald's appears to be on track to reach approximately 50,000 stores by the end of 2027, but management is reviewing its development pipeline amid higher construction costs and supply chain challenges, the brokerage said, adding that the company is also considering franchising US co-owned stores partly due to softer-than-expected margins.While sales trends will likely decelerate in Q2 due to slightly negative April comps given the difficult Minecraft limited-time offer lap, underlying momentum should remain solid and 2-year trends should accelerate, according to UBS.UBS kept a buy rating on McDonald's with a price target of $365.Price: $272.13, Change: $-3.62, Percent Change: -1.31%
Qualcomm (QCOM) CEO Cristiano Amon will join President Donald Trump on his visit to China this week for a summit with Xi Jinping, a spokesperson for the chipmaker said Monday in an email to.Price: $236.25, Change: $+17.16, Percent Change: +7.83%
Sylvamo's (SLVM) earnings should improve into 2027 as price gains, fewer mill issues, North America investments, and cost-savings work to offset near-term cost pressure and market uncertainty, RBC Capital Markets said in a note Monday.The investment firm said it remains somewhat cautious because some price increases may not fully hold and paper imports could affect the North American market, while Sylvamo expects about $15 million in higher costs in Q2, though better pricing, fewer reliability problems, and the end of a prior Riverdale payment could help offset that pressure.US uncoated free sheet prices are moving higher and could rise further because of tight supply, while prices in Europe, Latin America, and export markets may also improve modestly, RBC said.RBC added 2026 looks like a transition year for Sylvamo, with investors likely to focus more on the company's path toward stronger 2027 results as the year moves forward.RBC kept its sector perform rating and cut its price target for Sylvamo to $49 from $50.Price: $41.43, Change: $+0.33, Percent Change: +0.80%