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Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 3.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 5.5%.The Philadelphia Semiconductor index slumped 4.2%.In sector news, OpenAI has confidentially filed for a potential initial public offering in the US, joining a series of mega-cap listings that could mark the largest capital-raising cycle on record. Last week, AI chatbot Claude maker Anthropic confidentially filed to go public in the US. Elon Musk-led SpaceX is looking to raise a record-breaking $75 billion in its IPO, and could be valued at $1.75 trillion, Reuters reported earlier this month.In corporate news, Satellogic (SATL) shares fell past 9% after the company said Rick Dunn will step down as its chief financial officer.Apple (AAPL) on Monday unveiled major software updates at its Worldwide Developers Conference, including Siri AI and the next generation of Apple Intelligence. Separately, Apple said Tuesday users in the EU will not have access to Siri AI on iOS 27 and iPadOS 27 when the software launches later this year because of requirements under the bloc's Digital Markets Act. Apple shares fell 3.5%.Amazon-backed (AMZN) Anthropic said Tuesday it is launching Claude Fable 5, a new general-purpose model with capabilities across software engineering, knowledge work, vision and scientific research. Amazon shares were decreasing 0.3%.SailPoint (SAIL) on Tuesday issued a fiscal Q2 revenue outlook indicating a sequential growth slowdown, while the cybersecurity company left its full-year profit guidance unchanged. Its shares dropped 12%.

$AAPL$AMZN$SAIL$SATL
Wire

Anthropic Launches Claude Fable 5, Mythos 5 AI Models

Amazon-backed (AMZN) Anthropic said Tuesday it is launching Claude Fable 5, a new general-purpose model with capabilities across software engineering, knowledge work, vision and scientific research.The company said Fable 5 includes new safety classifiers that route or block certain sensitive queries, including cybersecurity, biology, chemistry and model distillation, with affected requests handled by Claude Opus 4.8 instead. Anthropic said the fallback occurs in fewer than 5% of sessions on average.Anthropic launched Claude Mythos 5, the same underlying model as Fable 5 but with certain safeguards removed, available only to select partners under its Project Glasswing program in collaboration with the US government.Price: $244.29, Change: $-0.93, Percent Change: -0.38%

$AMZN
Oracle's Core Database Business Poised For Solid Quarterly Performance, BofA Says
US Markets

Oracle's Core Database Business Poised For Solid Quarterly Performance, BofA Says

Oracle's (ORCL) core database business is expected to show strong performance in its fiscal fourth quarter, while the company's capital expenditures are likely to stay elevated amid the ongoing data center buildout, BofA Securities said Tuesday.The cloud computing company is scheduled to report results after the closing bell Wednesday. BofA expects non-GAAP earnings of $1.98 a share on revenue of $19.07 billion for the quarter. Wall Street is looking for $1.97 and $19.09 billion, respectively, according to the brokerage."We continue to expect solid performance from Oracle's core database business, which grew 35% (year over year) and multi-cloud database revenue up 531% (year over year) in (the third quarter), as it provides a stable foundation for free cash flow generation, supported in part by strategic partnerships announced during the quarter with Amazon (AMZN) and [Alphabet's (GOOG, GOOGL)] Google," BofA analyst Tal Liani said in a note to clients Tuesday.Oracle's results will likely show a sequential acceleration in cloud revenue growth as additional data center capacity becomes available, converting some of the company's backlog -- or remaining performance obligations -- into additional revenue, according to the brokerage.BofA raised its price target on the Oracle stock to $240 from $200, while reiterating its buy rating.The company's shares were down 6.3% in Tuesday afternoon trade. The stock has increased 1.6% so far in 2026.Oracle's capital expenditures are expected to remain elevated, with the metric seen growing 21% to $11 billion in the fourth quarter and 36% to $68.3 billion in 2027, as the company continues to invest aggressively in data center capacity to meet its backlog commitments and overall demand for compute, according to BofA."While these trends reinforce underlying demand and ecosystem expansion, we do not expect core strength alone to offset the near-term impact of elevated capex on free cash flow," Liani said.BofA said it's focused on Oracle's potential remarks around its $20 billion at-the-market equity program announced earlier this year. The brokerage expects the company to need to raise an additional $35 billion over the next few years "given the cost intensity nature of the (data center) buildout," Liani said.Price: $198.12, Change: $-13.70, Percent Change: -6.47%

$AMZN$GOOG$GOOGL$ORCL
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4%.The Philadelphia Semiconductor index jumped 5.7%.In corporate news, Cantor Fitzgerald adjusted its price target on Micron Technology's (MU) shares to $1,500 from $700 while maintaining its overweight rating. Wells Fargo adjusted its price objective for Micron to $1,220 from $550, while keeping its overweight rating on the stock. Micron shares climbed past 7%.Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Separately, Amazon is set to raise C$14 billion ($10 billion) from its investment-grade Canadian dollar bond sale, Bloomberg reported. Corning shares jumped past 5%, and Amazon was down 0.5%.Intel (INTC) shares gained 11% after The Information reported that Alphabet's (GOOGL) Google and Nvidia (NVDA) have turned to Intel as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand.Cerebras Systems (CBRS) is expected to benefit from rising demand for low-latency AI inference, Morgan Stanley said in a client note. The brokerage started Cerebras' coverage with an overweight rating and a $250 price target. Cerebras shares surged 20%.

$AMZN$CBRS$GLW$INTC$MU
Wire

Update: Market Chatter: Amazon to Raise $10 Billion From Canadian Dollar Bond Sale

(Update with Amazon's response to a request for a comment in the last paragraph.)Amazon.com (AMZN) is set to raise C$14 billion ($10 billion) from its investment-grade Canadian dollar bond sale, the largest such offering on record, Bloomberg reported Monday, citing people with knowledge of the matter.The tech giant is offering senior unsecured notes in five parts, with maturities ranging from three to 30 years, the report said, citing the people."We regularly evaluate our operating plan and make financing decisions, like entering into a credit agreement or issuing bonds, accordingly," Amazon said in a statement. "The proceeds from this issuance will be used for general corporate purposes, which may include, but are not limited to, supporting business investments, funding future capital expenditures, and repaying debt."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $245.28, Change: $-0.75, Percent Change: -0.30%

$AMZN
Sectors

Sector Update: Tech Stocks Gain Monday Afternoon

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4.6%.The Philadelphia Semiconductor index jumped 6%.In sector news, SpaceX (SPCX) has attracted about $150 billion in investor demand for its initial public offering, about twice the $75 billion it aims to raise, Reuters reported Sunday.In corporate news, Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Separately, Amazon is set to raise C$14 billion ($10 billion) from its investment-grade Canadian dollar bond sale, Bloomberg reported. Corning shares jumped past 5%, and Amazon was down 0.3%.Intel (INTC) shares climbed nearly 12% after The Information reported that Alphabet's (GOOGL) Google and Nvidia (NVDA) have turned to Intel as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand.Cerebras Systems (CBRS) is expected to benefit from rising demand for low-latency AI inference, Morgan Stanley said in a client note. The brokerage started Cerebras' coverage with an overweight rating and a $250 price target. Cerebras shares surged past 19%.

$AMZN$CBRS$GLW$INTC
Wire

Market Chatter: Amazon to Raise $10 Billion From Canadian Dollar Bond Sale

Amazon.com (AMZN) is set to raise C$14 billion ($10 billion) from its investment-grade Canadian dollar bond sale, the largest such offering on record, Bloomberg reported Monday, citing people with knowledge of the matter.The tech giant is offering senior unsecured notes in five parts, with maturities ranging from three to 30 years, the report said, citing the people.Amazon didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $245.48, Change: $-0.55, Percent Change: -0.22%

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Wire

Amazon to Raise Record About $10 Billion in Canadian Dollar Bond Sale, Bloomberg Reports

Amazon to Raise Record About $10 Billion in Canadian Dollar Bond Sale, Bloomberg Reports

$AMZN
Sectors

Sector Update: Tech

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 3% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 5.6%.The Philadelphia Semiconductor index popped 6.7%.In corporate news, Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Corning shares jumped past 6%, and Amazon was down 0.2%.

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Wire

Top Midday Stories: US Weighs Financial Stakes in AI Firms; Google, Nvidia Turn to Intel as TSMC Struggles With Demand

All three major US stock indexes were up in late-morning trading Monday, after Iran's Ministry of Foreign Affairs said its military has ceased its strikes against Israel, though they could resume if Israeli operations in Lebanon continue.The US government is considering taking a financial stake in artificial intelligence companies, with President Donald Trump planning to meet with executives next week, news outlets reported late Friday, citing the president's comments aboard Air Force One.In company news, Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported Monday, citing four people with direct knowledge of the discussions. Google has placed an order for over 3 million Tensor Processing Units from Intel in 2028, the report said, citing two of the people. Nvidia hasn't placed an order with Intel, but its evaluating whether Intel technology can be used to make a processor that combines four graphics chips into a single unit, two of the people reportedly told The Information. Shares of Alphabet's Class C and Class A shares were both down 1.2% around midday. Nvidia shares were up 1%. Intel shares were up 12%, while TSM shares were up 3.5%.Eli Lilly (LLY) said Sunday that overweight or obese female patients reduced their body weight throughout all menopausal phases while using the maximum dose of its Foundayo medication in two medical trials. The first trial showed that pre-menopausal, perimenopausal and post-menopausal individuals dropped a maximum of 28 pounds, 30.4 pounds, and 28.2 pounds over 72 weeks, the company said. During the second study focusing on subjects with type 2 diabetes, patients in the same three physiological stages shed up to 23.4 pounds, 18.5 pounds, and 27.8 pounds, the company said. Separately, the company reported Saturday that additional phase 3 data showed that its investigational molecule retatrutide achieved substantial weight loss with meaningful improvements in obesity-related conditions, including knee osteoarthritis pain, moderate-to-severe obstructive sleep apnea, and type 2 diabetes. Eli Lilly shares were up 2.6%.Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Amazon shares were down 0.1%, while Corning shares were up 6.3%.SpaceX (SPCX) has attracted about $150 billion in investor demand for its initial public offering, about twice the $75 billion it aims to raise, Reuters reported Sunday, citing people familiar with the matter.Tango Therapeutics (TNGX) said Monday that initial results from its phase 1/2 trial of vopimetostat, an investigational PRMT5 inhibitor, in combination with Revolution Medicines inhibitor daraxonrasib showed a six-month progression-free survival rate of 90% in patients with pancreatic cancer. Tango shares were up 47%.Campbell's (CPB) reported fiscal Q3 adjusted earnings Monday of $0.50 per diluted share, down from $0.73 a year earlier but above the FactSet consensus analyst estimate of $0.48. Fiscal Q3 net sales were $2.37 billion, down from $2.48 billion a year ago and below the FactSet consensus of $2.38 billion. Campbell's shares were down 1.2%.Price: $207.86, Change: $+2.76, Percent Change: +1.35%

$AMZN$CPB$GLW$GOOG$GOOGL$INTC$LLY$NVDA$TNGX$TSM
Amazon, Corning Agree to Multibillion-Dollar Fiber Supply Pact for US Data Centers
US Markets

Amazon, Corning Agree to Multibillion-Dollar Fiber Supply Pact for US Data Centers

Amazon.com (AMZN) agreed to a multibillion-dollar deal with specialty glass maker Corning (GLW) to secure optical fiber, cable, and connectivity components for its US data center infrastructure.The deal includes expansion of Corning's facilities in North Carolina and creation of 1,000 new jobs at the site, Amazon said Monday."This agreement with Amazon represents a significant milestone for Corning and for American manufacturing," Corning CEO Wendell Weeks said in a statement. "Amazon's investment will help us expand production, create 1,000 new advanced manufacturing jobs at our facilities, and lead the way toward building a resilient US manufacturing base.""Amazon's data centers power the services millions of people and businesses rely on," the e-commerce company said. "Corning's fiber optics are a critical part of that infrastructure, and together, these investments help fuel the US economic engine."Corning shares rose 6.8% in Monday trading and have more than doubled this year. Amazon gained 0.5%, and the stock has climbed 7.1% this year.Amazon will also work with Corning to expand its fiber optic technician training program with Catawba Valley Community College, covering fiber manufacturing and technical roles.In May, Corning partnered with Nvidia (NVDA) to boost its optical connectivity manufacturing capacity and support AI factory buildouts. The deal included construction of three new facilities in North Carolina and Texas.In June 2025, Amazon announced a $10 billion investment in North Carolina for cloud infrastructure development. Since 2010, the company has poured $20 billion into the state, creating 26,000 jobs.Price: $247.28, Change: $+1.25, Percent Change: +0.51%

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Asia Markets

US Equity Indexes Slump This Week as Fed Rate Increase Expectations Sink Big Tech, Iran Demands Frozen Assets

US equity indexes dropped this week as big tech tumbled after strong jobs data boosted the odds for monetary policy tightening, while Iran linked the release of billions of dollars of frozen assets to a peace deal with Washington.* The S&P 500 closed at 7,383.59 on Friday versus 7,580.06 a week ago. The Nasdaq Composite stood at about 25,709.43, compared with 26,972.62 a week earlier. The Dow Jones Industrial Average ended at 50,866.78, versus 51,032.46 at the end of last week.* Consumer cyclical, communication services, and technology were among the worst five sectors this week. Amazon.com (AMZN), Tesla (TSLA), and Microsoft (MSFT) were among the bottom 10 companies with a market capitalization of more than $200 billion this week, according to data compiled by Finviz.* Nonfarm payrolls rose by 172,000 in May, above the 88,000 jobs increase expected in a Bloomberg-compiled survey, while April payrolls were revised upwards to a 179,000 increase and March payrolls were revised higher to a 214,000 gain, for a net upward revision of 93,000 jobs.* US job openings rose to 7.618 million in April, above the 6.866 million consensus.* The probability of a 25 basis-point increase in interest rates in December surged to 43%, from 36% a week ago, according to the CME FedWatch tool. The comparisons for September were 34% versus 20%, and, for October, the data showed an increase to 40% from 25%.* A potential peace deal between the US and Iran hinges on US President Donald Trump's administration agreeing to release $24 billion in frozen Iranian assets, Mohsen Rezaei, military adviser to Supreme Leader Ayatollah Mojtaba Khamenei, told CNN from Tehran, warning that the US would "enter into a dark corridor" should it resume fighting.* "The negotiations are at a deadlock, and Trump must break this deadlock," Rezaei was cited as saying in the news report.

Dow JonesNasdaq CompositeS&P 500$AMZN$MSFT$TSLA
Sectors

Sector Update: Tech Stocks Lower Friday Afternoon

Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 5.1% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 9%.The Philadelphia Semiconductor Index declined 7.6%.In sector news, SpaceX, Amazon-backed (AMZN) Anthropic, and Microsoft-backed (MSFT) OpenAI's upcoming initial public offerings may drag down broader stock markets by drawing tens of billions away from existing companies, Research Affiliates founder Rob Arnott was quoted by Bloomberg News on Friday.In corporate news, Microsoft said in a regulatory filing Friday that LinkedIn co-founder Reid Hoffman will not stand for re-election to the board of directors at the annual shareholder meeting. Hoffman notified the company of his decision on Tuesday and will remain in his position until the annual meeting, the company said. Microsoft shares fell 1.7%.Amazon-backed Anthropic and the University of Tokyo have partnered to establish the Japan AI Index, an index that will track the impacts of generative artificial intelligence on business management, government policy, and education, Nikkei Asia reported Friday, citing the firms. Amazon shares were down 0.2%.Intel (INTC) and Hitachi on Friday announced a strategic collaboration to advance physical artificial intelligence, advanced computing, and digital infrastructure in industrial sectors. Intel shares declined 8.8%.

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Wire

Top Midday Stories: Lululemon Down After Fiscal Q1 Results; Amazon Engineers Criticize AI Spending; Hoffman to Exit Microsoft Board

All three major US stock indexes were down late Friday morning following a better-than-expected May jobs report.The May employment report showed nonfarm payrolls rose by 172,000, well above the 88,000 jobs increase expected in a survey compiled by Bloomberg. The unemployment rate remained at 4.3% in May, as expected. The labor force participation rate was also unchanged from 61.8% in April.In company news, Amazon (AMZN) software engineers supported data center restrictions in Seattle while criticizing the technology giant for investing heavily in infrastructure during massive layoffs, CNBC reported, citing public hearings. An Amazon spokesperson toldthat the company does not have any plans to build data centers within the Seattle city limits. Shares were down 0.4% in the recent session.Lululemon Athletica (LULU) shares fell 9.6% after the company reported fiscal Q1 earnings of $1.69 per diluted share, down from $2.60 a year earlier. Analysts polled by FactSet expected $1.68. The company also trimmed guidance for 2026 and now expects EPS of $10.95 to $11.15 on revenue of $11 billion to $11.15 billion.Microsoft (MSFT) said in a regulatory filing that LinkedIn co-founder Reid Hoffman will not stand for re-election to the board of directors at the annual shareholder meeting. Hoffman, a Microsoft board member since 2017, notified the company of his decision on Tuesday. Microsoft's shares were pointing 1.8% lower.Nvidia (NVDA) cleared Samsung Electronics, SK Hynix, and Micron Technology to supply advanced high-bandwidth memory for its HBM4 artificial intelligence accelerators, multiple outlets reported, citing Chief Executive Officer Jensen Huang. Nvidia's shares were down 4.5% in the recent session.Meta Platforms (META) is facing an investigation and a potential fine in Turkey for possible violation of competition rules, the country's Competition Board said. The investigation will determine whether the company violated the country's competition law by integrating its Meta AI service into WhatsApp and preventing third-party general-purpose generative AI chatbots from offering services on WhatsApp. Shares of the company eased 2.3%.Edesa Biotech (EDSA) dropped nearly 24% after the company said that new data showed that paridiprubart combined with standard-of-care treatments was associated with a 32% relative reduction in mortality in patients with acute kidney injury and respiratory distress at 28 days.Price: $252.83, Change: $-0.97, Percent Change: -0.38%

$AMZN$EDSA$LULU$META$MSFT$NVDA
Wire

Update: Market Chatter: Amazon Engineers Criticize Corporate Spending on AI While Cutting Jobs

(Updates with Amazon's response in the fourth paragraph.)Amazon (AMZN) software engineers supported data center restrictions in Seattle while criticizing the technology giant for investing heavily in infrastructure during massive layoffs, CNBC reported Wednesday evening, citing public hearings.Amazon is allocating $200 billion toward computing networks and automated systems this year despite letting go of 30,000 corporate workers over the last eight months, a software engineer at Amazon Web Services said at the hearing, CNBC reported.Seattle council members voted unanimously to halt new large-scale computing hub developments for one year to give the city time to implement project regulations, the report added.An Amazon spokesperson toldin an email that the company respects the right of colleagues to voice their opinions and that it does not have any plans to to build data centers within the Seattle city limits.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $254.17, Change: $+0.38, Percent Change: +0.15%

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Wire

Market Chatter: General Motors Rehires Over 100 Former Cruise Team Members

General Motors (GM) has rehired more than 100 members of its Cruise unit's team 18 months after killing off the self-driving vehicle unit, The Information Electric reported Thursday, citing Rashed Haq, GM's vice president of autonomous vehicles.The hiring spree, which also includes workers hired away from Nvidia (NVDA), Uber Technologies (UBER) and Amazon's (AMZN) Zoox, reflects the company's move toward self-driving cars for consumers' personal use and away from the driverless ride-hailing business, Haq said, according to the report.The reconstituted group's first project will be an electric Cadillac that allows the driver to operate the car on highways while not touching the wheel or watching the road, the report said. GM plans to release it in 2028, with additional models to follow, the report added.GM didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $83.50, Change: $+1.80, Percent Change: +2.20%

$AMZN$GM$NVDA$UBER
Wire

Palantir and Anthropic More Complementary Than Competitive in Enterprise AI, Oppenheimer Says

Palantir Technologies (PLTR) and Amazon-backed (AMZN) Anthropic are better viewed as complementary players rather than direct competitors in the enterprise AI ecosystem, as they operate at different layers of the technology stack and serve distinct types of workloads, Oppenheimer said in a Thursday note.Palantir is positioned for complex, customized enterprise workflows via its ontology-based platform, while Anthropic is better suited for simpler automation tasks relying on frontier model capabilities without deep integration, the analysts said.Oppenheimer also highlighted existing collaborations between Palantir and Anthropic, including the integration of Anthropic's Claude models within Palantir's AI Platform, suggesting their relationship is more likely to remain collaborative than become competitive.The enterprise AI total addressable market continues to expand for both companies, with Palantir focused on large-scale, complex enterprise deployments and Anthropic targeting broader automation use cases across enterprises, SMBs, and global markets, according to the report.Oppenheimer maintained an outperform rating on Palantir with a price target of $200.Palantir shares were up 0.5% in Thursday trading.Price: $142.33, Change: $+0.13, Percent Change: +0.09%

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Wire

Roku's Personalized Home Screen Upgrade to Likely Drive Revenue Growth, Morgan Stanley Says

Roku (ROKU) is transforming its "home screen" into a dynamic, personalized experience, which is likely to unlock ad revenue and fast-track the company toward $1 billion in free cash flow, Morgan Stanley said in a report Thursday.The product "refresh" comes as Roku increases financial transparency. New disclosures reveal that Roku's advertising gross margins exceeded 60% in Q1 while its subscription division has grown into a $2 billion annualized revenue stream, according to the report.The firm expects Roku to outpace "conservative" management guidance, driven by deepening ad partnerships with Amazon.com (AMZN) and Alphabet's (GOOG, GOOGL) Google's DV360, alongside upcoming "cyclical tailwinds" from political advertising and the 2026 FIFA World Cup. Strong cost discipline under CFO Dan Jedda is also expected to pull Roku's $1 billion free cash flow milestone ahead of its 2028 target.Morgan Stanley reiterated an overweight rating on Roku and raised its price target to $170 from $150.Price: $126.99, Change: $+4.79, Percent Change: +3.92%

$AMZN$GOOG$GOOGL$ROKU
Sectors

Sector Update: Consumer Stocks Advance Premarket Thursday

Consumer stocks were advancing premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1% higher.Amazon.com (AMZN) shares were up more than 1% after the company said it will invest over 10 billion euros ($11.63 billion) to upgrade European fulfillment centers with new robotics while adding 25,000 regional positions.Global-e (GLBE) stock was up more than 2% after the company said its board has approved a new share repurchase program to buy back up to $500 million of its ordinary stock.Somnigroup International (SGI) shares were up more than 1% after the company said the mandatory 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its planned merger with Leggett & Platt (LEG) has expired.

$AMZN$GLBE$LEG$SGI$XLP$XLY
Sectors

Sector Update: Consumer

Consumer stocks were advancing premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.8% higher.Amazon.com (AMZN) shares were up more than 1% after the company said it will invest over 10 billion euros ($11.63 billion) to upgrade European fulfillment centers with new robotics while adding 25,000 regional positions.

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