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Market Chatter: SpaceX Changes to Data Center Build-Outs Could Slow Expansion

SpaceX (SPCX) is changing how it builds data centers, potentially adding more backup systems for power and cooling in a move that could slow the construction of new campuses, The Information reported Thursday, citing people familiar with the matter.Founder Elon Musk recently installed a new team to run his data centers, with the new team also looking to test the backup systems more thoroughly before the data centers begin operating, the report said, citing two of the people.SpaceX also wants to lower the use of temporary cooling and power systems in its data centers, the report said, citing one of the people.SpaceX 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: $148.15, Change: $+0.60, Percent Change: +0.41%

$SPCX

Wire13d ago

UBS Adjusts United Airlines Price Target to $137 From $153, Maintains Buy Rating

United Airlines Holdings (UAL) has an average rating of buy and mean price target of $162.84, according to analysts polled by FactSet.Price: $105.59, Change: $-1.54, Percent Change: -1.43%

$UAL

Wire13d ago

UBS Cuts Southwest Airlines Price Target to $49 From $56, Maintains Buy Rating

Southwest Airlines (LUV) has an average rating of overweight and mean price target of $51.90, according to analysts polled by FactSet.Price: $38.26, Change: $-0.43, Percent Change: -1.10%

$LUV

Wire13d ago

UBS Adjusts JetBlue Airways Price Target to $4 From $5, Maintains Sell Rating

JetBlue Airways (JBLU) has an average rating of underweight and mean price target of $5.60, according to analysts polled by FactSet.

$JBLU

Wire13d ago

UBS Adjusts Delta Air Lines Price Target to $99 From $112, Maintains Buy Rating

Delta Air Lines (DAL) has an average rating of buy and mean price target of $107.15, according to analysts polled by FactSet.Price: $77.98, Change: $-0.79, Percent Change: -1.00%

$DAL

Wire13d ago

Tsakos Energy Navigation Q2 Earnings, Voyage Revenue Increase

Tsakos Energy Navigation (TEN) reported Q2 earnings Thursday of $4.40 per diluted share, up from $0.67 a year earlier.Voyage revenue for the quarter ended June 30 was $298.4 million, up from $193.3 million a year earlier.Price: $46.49, Change: $+2.11, Percent Change: +4.75%

$TEN

Wire13d ago

UBS Adjusts Cooper Companies Price Target to $66 From $75, Maintains Neutral Rating

Cooper (COO) has an average rating of overweight and mean price target of $72.77, according to analysts polled by FactSet.Price: $52.35, Change: $-11.13, Percent Change: -17.53%

$COO

Wire13d ago

UBS Adjusts Price Target on American Water Works to $162 From $156, Keeps Buy Rating

American Water Works Company (AWK) has an average rating of hold and mean price target of $143, according to analysts polled by FactSet.Price: $141.34, Change: $+1.01, Percent Change: +0.72%

$AWK

Wire13d ago

UBS Adjusts Price Target on Bunge Global to $155 From $145, Keeps Buy Rating

Bunge Global SA (BG) has an average rating of buy and mean price target of $145.20, according to analysts polled by FactSet.Price: $126.74, Change: $+3.29, Percent Change: +2.67%

$BG

Wire13d ago

UBS Adjusts Casey's General Stores Price Target to $720 From $925, Maintains Neutral Rating

Casey's General Stores (CASY) has an average rating of overweight and mean price target of $842.26, according to analysts polled by FactSet.Price: $645.01, Change: $+15.98, Percent Change: +2.54%

$CASY

Wire13d ago

Similarweb Insider Sold Shares Worth $1,200,902, According to a Recent SEC Filing

Or Offer, Chief Executive Officer, on September 08, 2026, sold 147,000 shares in Similarweb (SMWB) for $1,200,902. Following the Form 4 filing with the SEC, Offer has control over a total of 4,451,291 ordinary shares of the company, with 4,451,291 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1842731/000197640826000832/xslF345X05/primary_doc.xmlPrice: $8.04, Change: $+0.04, Percent Change: +0.56%

$SMWB

Wire13d ago

SKYX Platforms Signs Merger Agreement With Deako

SKYX Platforms (SKYX) has signed a merger agreement with smart home technology company Deako, the company said Thursday.Under the merger agreement, SKYX Platforms said it will issue 25 million shares as merger consideration, which it said equals 18.46% of the company.Additionally, the company will pay Deako's lender $4 million at closing and issue an $8.5 million note, with $2.25 million payable in Q1 2027 and $6.25 million in Q4 2027, it said.Deako is a smart home artificial intelligence platform and lighting company with over $26 million in 2025 revenue, SKYX Platforms said.Deako founder and CEO Derek Richardson will continue to lead Deako following the transaction.Shares of SKYX Platforms were over 7% higher in Thursday premarket activity.

$SKYX

Wire13d ago

Update: Cooper Shares Fall Pre-Bell After Fiscal Q3 Sales Miss Weighs on Adjusted Earnings Beat, Cut in Full-Year Guidance

(Updates with the stock move in the headline and the first paragraph.)Cooper Companies (COO) shares were down over 15% in Thursday's premarket activity after its fiscal Q3 sales miss overshadowed the earnings beat, and the company also scaled back its full-year outlook.The company reported fiscal Q3 adjusted earnings late Wednesday of $1.15 per diluted share, up from $1.10 a year earlier.Analysts polled by FactSet expected $1.12.Revenue for the three months ended July 31 was $1.07 billion, up from $1.06 billion a year earlier.Analysts expected $1.10 billion.For fiscal Q4, the company expects adjusted EPS of $1.05 to $1.09 on revenue of $1.06 billion to $1.08 billion. Analysts expect EPS of $1.19 on revenue of $1.11 billion.The company now expects full-year fiscal 2026 adjusted EPS of $4.51 to $4.55 on revenue of $4.23 billion to $4.25 billion. It earlier expected adjusted EPS of $4.58 to $4.66 on revenue of $4.29 billion to $4.32 billion.Analysts expect EPS of $4.63 on revenue of $4.31 billion.Separately, the company said it authorized an expansion of its share buyback program to $3 billion from $2 billion.It also completed its strategic review related to the sale of CooperSurgical, and concluded that shareholders would be better served by continued ownership than by a divestment at this time.Price: $53.68, Change: $-9.80, Percent Change: -15.44%

$COO

Wire13d ago

Hagerty Prices Upsized Secondary Offering by Selling Shareholder; Shares Down Pre-Bell

Hagerty (HGTY) said Wednesday it has priced an upsized secondary offering by a selling shareholder of about 9.3 million class A common shares at $11.95 per share.The selling stockholder also granted the underwriters a 30-day option to purchase up to about 1.4 million additional shares.The company said it will not receive any proceeds from the offering, which is set to close around Friday.Shares of Hagerty were down over 6% in recent premarket activity Thursday.Price: $12.34, Change: $-0.92, Percent Change: -6.94%

$HGTY

Wire14d ago

Cooper Companies Fiscal Q3 Adjusted Earnings, Revenue Rise; Q4 Guidance Set

Cooper Companies (COO) reported fiscal Q3 adjusted earnings late Wednesday of $1.15 per diluted share, up from $1.10 a year earlier.Analysts polled by FactSet expected $1.12.Revenue for the three months ended July 31 was $1.07 billion, up from $1.06 billion a year earlier.Analysts expected $1.10 billion.For fiscal Q4, the company expects adjusted EPS of $1.05 to $1.09 on revenue of $1.06 billion to $1.08 billion. Analysts expect EPS of $1.19 on revenue of $1.11 billion.The company now expects full-year fiscal 2026 adjusted EPS of $4.51 to $4.55 on revenue of $4.23 billion to $4.25 billion. It earlier expected adjusted EPS of $4.58 to $4.66 on revenue of $4.29 billion to $4.32 billion.Analysts expect EPS of $4.63 on revenue of $4.31 billion.Separately, the company said it authorized an expansion of its share buyback program to $3 billion from $2 billion.It also completed its strategic review related to the sale of CooperSurgical, and concluded that shareholders would be better served by continued ownership than by a divestment at this time.

$COO

Wire14d ago

AeroVironment Fiscal Q1 Adjusted Earnings, Revenue Rise

AeroVironment (AVAV) reported fiscal Q1 adjusted earnings late Wednesday of $0.59 per diluted share, up from $0.32 a year earlier.Analysts surveyed by FactSet expected $0.22.Revenue for the quarter ended Aug. 1 rose to $480.5 million from $454.7 million a year earlier.Analysts expected $451.9 million.For fiscal year 2027, the company maintained its revenue guidance at $2.13 billion to $2.23 billion and adjusted EPS forecast at $3.02 to $3.34.Analysts expect adjusted EPS of $3.23 on revenue of $2.19 billion.Shares of the company were up more than 3% in after-hours activity.

$AVAV

Wire14d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.4%.The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 1%.Bitcoin (BTC-USD) was increasing 0.2% to $78,193, and the yield for 10-year US Treasuries rose 3.3 basis points to 4.84%.In economic news, the US Treasury Department plans to buy back up to $6 billion of government debt, CNBC reported. The move triples the normal buyback operation, following an announcement Aug. 19 from Treasury Secretary Scott Bessent that the department would at least double the normal amount for already-issued securities.Redbook US same-store sales rose by 8.3% from a year earlier in the week ended Sept. 5 after a 9.6% year-over-year increase in the previous week. Redbook noted positive customer responses to Labor Day promotions. Sales were driven mainly by back-to-school demand and seasonal apparel. Discount stores saw strong food sales ahead of the long holiday weekend.In corporate news, Patria Investments (PAX) shares fell 3% after BofA Securities downgraded the stock to underperform from neutral.UnitedHealth (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported. TPG shares were shedding 3.9%.Blackstone (BX) is seeking to sell medical-grade skincare company ZO Skin Health with a valuation of around $2 billion, Reuters reported. Blackstone shares were falling 3.4%.Barclays (BCS) is leading a group of lenders preparing a 2.4 billion-euro ($2.8 billion) financing package to support Lone Star Funds' acquisition of industrial-products manufacturer ContiTech, Bloomberg reported. Barclays shares were down 1.3%.

$BCS$BX$PAX$TPG

Wire14d ago

Top Cryptocurrencies Fall; Bitcoin Holds Above $78,000 Level

Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) lower but holding above the $78,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 0.6% in the past 24 hours. The Nasdaq 100 dropped 0.3%, the S&P 500 slumped 0.4%, and the Dow Jones Industrial Average lost 0.6%.Bitcoin fell 0.2% to $78,226, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 17.6% to $28.24 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 0.4% to $2,466.XRP (XRP-USD) dropped 1%, BNB (BNB-USD) fell 1.4%, and Solana (SOL-USD) shed 0.4%. Dogecoin (DOGE-USD) declined 2.9%, and Cardano (ADA-USD) lost 2.4%.The total market value of the cryptocurrency industry fell 0.2% in the past 24 hours to $2.67 trillion, with trading volume dropping 8.7% to $81 billion.Price: $78214.56, Change: $-231.62, Percent Change: -0.30%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Wire14d ago

Market Chatter: Salesforce Weighs Acquisition of Listen Labs for Around $2 Billion

Salesforce (CRM) has been in discussions to acquire AI-driven customer research platform Listen Labs for roughly $2 billion, Business Insider reported Wednesday, citing a person with knowledge of the deal.The deal talks have not been finalized and could still fall apart, the media outlet added.Representatives of Salesforce and Listen Labs did not immediately respond to' request for comment.Shares of Salesforce fell nearly 2% in late afternoon trading.(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: $244.56, Change: $-4.56, Percent Change: -1.83%

$CRM

Wire14d ago

Vulcan Materials Shares Fall After Wells Fargo Downgrade

Vulcan Materials (VMC) shares were down over 3% in Wednesday trading after Wells Fargo downgraded the stock to underweight from equalweight and cut its price target to $254 from $305.Trading volume stood at more than 714,000 shares, compared with a daily average of nearly 1.1 million.Price: $250.12, Change: $-8.18, Percent Change: -3.17%

$VMC

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