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Market Chatter: Redwire, Other Space-Related Stocks Lifted by Optimism on SpaceX's Upcoming IPO

Redwire (RDW) and other space and satellite-related stocks surged in afternoon trading on Tuesday as investors' positive outlook on the sector was intensified after Elon Musk's SpaceX filed for an initial public offering last week, Bloomberg reported Tuesday.Redwire shares jumped 27%, AST SpaceMobile (ASTS) stock was up 19%, Firefly Aerospace (FLY) shares rose 18%, and MDA Space (MDA) stock was up 5.9%.Analysts and investors expect the global space economy to continue to grow, with firms well-positioned in the space industry set to benefit, according to the report.SpaceX's IPO could potentially occur as early as next month, and it is targeting to raise as much as $75 billion, the report said.(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: $22.36, Change: $+4.87, Percent Change: +27.82%

$ASTS$FLY$MDA$RDW

Mining & Metals50d ago

West Point Gold Announces Upgrade to the OTCQX Market

West Point Gold's (WPG.V) on Tuesday said its shares are trading on the U.S. OTCQX Best Market under the ticker symbol "WPGCF".The company upgraded to OTCQX from the OTCQB Venture Market.Its shares will continue to trade on the Toronto Venture Exchange under the symbol "WPG" and on the Frankfurt Stock Exchange under the symbol "LRA0"."Graduating to the OTCQX Best Market represents an important milestone for West Point Gold as we continue to broaden our visibility with U.S. investors," said chief executive Derek Macpherson. "With an active exploration program underway at our flagship Gold Chain Project in Arizona and a broader portfolio of discovery-focused assets across the Walker Lane Trend, this upgrade supports our objective of improving market access, liquidity and awareness as we advance the Company."The company's shares were last seen down $0.01 at $1.35 on the TSX Venture Exchange.Price: $1.35, Change: $-0.01, Percent Change: -0.74%

$WPG.V

Wire50d ago

BJ's Wholesale Seen Regaining Growth Pace by 2027, UBS Says

BJ's Wholesale Club Holdings (BJ) is positioned to return to its long-term growth trajectory by 2027, supported by healthy membership trends and stronger customer engagement, UBS Securities said Sunday in a report.Early results from BJ's expansion into Texas have been stronger than expected, with membership signups running 33% ahead of plan and 100,000 members already enrolled in the state, UBS said. That performance may bolster confidence in BJ's ability to grow in competitive new markets, the report said.UBS also pointed to improving general-merchandise sales, noting that category growth accelerated to 7.1% in fiscal Q1, and highlighted additional opportunities tied to tariff-related supplier recoveries, which it expects BJ's to reinvest in pricing to strengthen customer value.UBS lowered its price target on BJ's stock to $109 from $117 and maintained its buy rating.Price: $84.42, Change: $-2.22, Percent Change: -2.56%

$BJ

Insider Trading50d ago

Lear Insider Sold Shares Worth $330,252, According to a Recent SEC Filing

Nicholas Jon Roelli, Senior Vice President and President, E-Systems, on May 22, 2026, sold 2,336 shares in Lear (LEA) for $330,252. Following the Form 4 filing with the SEC, Roelli has control over a total of 2,339 common shares of the company, with 2,339 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/842162/000119312526238439/xslF345X05/ownership.xmlPrice: $142.68, Change: $+2.88, Percent Change: +2.06%

$LEA

Mining & Metals50d ago

Aduro Clean Technologies Starts Trading on the Toronto Stock Exchange

Aduro Clean Technologies (ACT.CN) on Tuesday said it received final approval to list its shares on the Toronto Stock Exchange (TSX) under the symbol "ACT".Trading on the TSX will start at market open on May 27. In connection with the TSX listing, the company will concurrently delist its shares from the Canadian Securities Exchange.Aduro shares will continue to trade on the Nasdaq Capital Market under the symbol "ADUR" and Frankfurt Stock Exchange under the symbol "9D5".Shares of the company were last seen up $1.35 to $20.75 on the Canadian Securities Exchange.Price: $20.75, Change: $+1.35, Percent Change: +6.96%

$ACT.CN$ACT.TO$ADUR

Commodities50d ago

EMEA Natural Gas Update: Futures Prices Mixed as Iran Tensions Offset Weak Storage and Warmer Weather Outlook

European natural gas futures ended mixed in after-hours trading on Tuesday, as geopolitical escalation in the Middle East reversed earlier expectations of easing risk premiums.The front-month Dutch TTF contract rose 3.533% to 47.035 euros ($54.68) per megawatt hour, while the UK NBP front-month contract fell 3.554% to 114.26 British pence ($1.54) per therm.Optimistic market sentiment was disrupted after renewed US military action against Iranian targets dampened hopes for a near-term de-escalation in regional conflict. Iran's Islamic Revolutionary Guard Corps said it retains the right to respond to what it called violations of a ceasefire following US strikes on missile sites and vessels in the Strait of Hormuz. Washington characterized the strikes as self-defense actions, according to news outlets.Diplomatic engagement between Washington and Tehran remains ongoing over a memorandum of understanding, but talks are reportedly stalled over language tied to Iran's nuclear program and sanctions relief. CNN reported that US President Donald Trump is scheduled to hold a cabinet meeting at Camp David on Wednesday to review the situation.The latest military actions pushed Dutch gas prices off a two-week low, Trading Economics said.Rising prices make restocking European inventories ahead of winter more difficult. EU gas inventories are stuck at 38.21% of capacity, compared with 46.31% a year earlier, underscoring a slower-than-normal refill trajectory.Helpfully, Ukraine's energy regulator on Tuesday approved lower gas storage tariffs and updated EU-aligned market rules to accelerate storage injections.However, weather dynamics are adding another layer of uncertainty. Parts of Europe are already experiencing record-breaking heat, potentially raising short-term cooling demand. Atmospheric G2 said in a Tuesday social media post that Europe is likely to trend warmer into June, with some model simulations indicating a faster shift toward hotter, drier conditions.That pattern carries broader energy-system implications. Higher temperatures typically lift electricity demand through air-conditioning use, while potentially weakening wind output. Solar generation tends to improve under sunnier skies.Hydropower output could also come under pressure if river flows decline, with low water levels adding stress to river systems throughout the month.Overall, weather forecasts indicate tighter, more volatile energy conditions if warmer, drier weather patterns materialize alongside persistent geopolitical risk to gas supply routes.

Wire50d ago

Micron Technology Set for Higher Re-Rating on Long-Term Agreements, EPS Durability, UBS Says

Micron Technology (MU) is benefiting from long-term memory agreements, with the stock expected to re-rate higher as structural changes in the memory complex become clearer and earnings visibility improves, UBS Securities said Tuesday.The investment firm said the new 'enhanced' LTAs include longer durations, fixed volume commitments, and a partially fixed pricing framework. Hyperscalers have secured about 60% to 70% of the industry's Server DDR5 volumes under these agreements, ensuring offtake for Micron and other suppliers, according to the note.The enhanced LTAs benefit memory suppliers by providing a smoother earnings and revenue profile, higher cross-cycle return on invested capital, and improved visibility into committed customer demand, the brokerage said.UBS is raising earnings per share estimates across calendar years 2027, 2028, and 2029 to $155, $167, and $117, respectively, from $133, $122, and $77 previously. The brokerage expects Micron's EPS to remain more than $100 through calendar year 2029.UBS reiterated its buy rating on Micron Technology and raised the price target to $1,625 from $535.Shares of Micron Technology rose 18% in Tuesday trading.Price: $885.83, Change: $+134.83, Percent Change: +17.95%

$MU

Wire50d ago

Best Buy's Q1 Results Poised to Show it Can Navigate Volatile Backdrop, UBS Says

Best Buy's (BBY) Q1 print is expected to show that the company has been able to navigate a volatile backdrop, with its recent leadership transition and rising memory costs becoming overhangs on the stock heading into the results, UBS said in a Friday note.The market is expecting the company to post flat to 1% comparable sales versus consensus forecast of 0.8%, when the company reports its Q1 results this week, UBS said.This print is expected to show that Best Buy's strategy to structurally improve its P&L is gaining traction as it builds momentum in its marketplace and advertising businesses, with the company's sales performance expected to include in newer and emerging categories such as AI glasses and collectibles, UBS said.Additionally, the company's chief executive transition will likely be of focus, UBS said, adding that any indication on how this appointment changes the company's strategy will be key input into the company's stock over the next 12 months.UBS maintained its buy rating with a $85 price target.Price: $62.58, Change: $+0.95, Percent Change: +1.54%

$BBY

Insider Trading50d ago

DXP Enterprises Insider Sold Shares Worth $968,759, According to a Recent SEC Filing

Timothy P Halter, Director, on May 21, 2026, sold 6,842 shares in DXP Enterprises (DXPE) for $968,759. Following the Form 4 filing with the SEC, Halter has control over a total of 30,000 common shares of the company, with 30,000 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1020710/000162828026037974/xslF345X05/wk-form4_1779813785.xmlPrice: $146.83, Change: $+2.63, Percent Change: +1.82%

$DXPE

Mining & Metals50d ago

Miivo Holdings Listing on the Frankfurt Stock Exchange

Miivo Holdings' (MIVO.V) on Tuesday said its shares are now trading on the Frankfurt Stock Exchange.The company's shares are listed on the exchange under the symbol L7S, added the company."We are pleased to extend Miivo's reach to European capital markets through this Frankfurt listing," said chief executive Alexander Damouni. "As we continue to execute on our growth strategy, broadening access to our shares for international investors is an important milestone. We believe European investors will recognize the significant opportunity in Miivo's AI-driven platform and our expanding customer base."The company's shares last traded May 25, closing at $0.66 on the TSX Venture Exchange.

$MIVO.V

US Markets50d ago

S&P 500 Companies' Quarterly Earnings, Revenue Growth Accelerates, Oppenheimer Says

S&P 500 companies' quarterly earnings and revenue growth accelerated, compared with figures from a week ago, with the bottom-line remaining well ahead of Wall Street's expectations as the reporting season approaches its close, Oppenheimer Asset Management said Tuesday.Some 95% of companies in the benchmark equity index have reported results in the latest cycle, with earnings up about 28% from a year earlier and revenue rising 11.1%. Last week's report by the brokerage showed profit and sales growth at 25% and 10.5%, respectively, based on financials reported by 91% of the index constituents.Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year, Oppenheimer said."The (first-quarter) earnings season rolled on, with many firms reporting strong results and positive guidance," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a note to clients. "Bears, skeptics, and nervous investors have been able to take some profits without (the fear of missing out) within what appears to us a bull market that persists having legs to run further."Among sectors, technology and communication services outperformed in terms of earnings, with profits up by about 50% and 47% from a year earlier, respectively. Healthcare was the sole decliner, showing bottom-line down 3.1%.Tech also led the chart for revenue growth, with a 29% jump from a year earlier, followed by utilities' 14.1% gain. All 11 S&P sectors saw sales growth on an annual basis, the report showed.Costco Wholesale (COST), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL) are some of the major companies slated to report this week."With (the first-quarter) earnings season winding down, increased attention will be focused on developments to finding resolution to the (US/Israel) conflict with Iran and the economic disruption that it brought," Stoltzfus said Tuesday.Iran's army said it has a "legitimate" right to respond to any violation of a ceasefire after the US military conducted strikes targeting Iranian missile launch sites and boats around the crucial Strait of Hormuz, CNN reported. The two countries are in a fragile ceasefire and have yet to agree to a permanent framework to end their war, which started at the end of February.Price: $1001.60, Change: $-26.64, Percent Change: -2.59%

$COST$CRM$DELL$MRVL

Oil & Energy50d ago

Global Atomic up 4% as It Confirms Niger Government Support For the Dasa Project

Global Atomic (GLO.TO) was up over 4% on last look, after the company on Tuesday said the government of Niger continues to express support for the Dasa project.Global Atomic's executive team visited the Dasa Project site last week and separately met with the president of Niger, Abdourahamane Tiani, who said in a letter "The Dasa Project represents a major strategic investment for our country, both in terms of its economic potential and its expected contribution to the responsible development of national mineral resources, job creation, skills transfer and infrastructure strengthening in the region concerned."The Dasa Project is owned 80% by SOMIDA, the company's Niger subsidiary, and 20% by the Niger government.Global Atomic shares were last seen up $0.04 to $0.73 on the Toronto Stock Exchange.Price: $0.73, Change: $+0.04, Percent Change: +5.80%

$GLO.TO

Treasury50d ago

Quebec's Economic Growth Gains Momentum in February, Says National Bank

After a "modest" growth of 0.1% month over month in January, which was revised upward from a flat reading, Quebec's economic expansion was more robust in February, with a 0.4% month-over-month increase, said National Bank of Canada.This marked the third consecutive month of growth for the province's gross domestic product and a larger gain than that observed across Canada as a whole, noted the bank.As a result, in February the Quebec economy was only 0.1% below its January 2025 peak before the trade conflict with the United States, stated National Bank. Despite this recovery, Quebec's GDP remains more heavily impacted than the country as a whole, particularly due to the size of its manufacturing sector, with Canadian GDP having grown by 0.8% over the same period.The strong performance of the Quebec economy in February was driven by a significant 0.9% month-over-month gain in the goods sector, as well as a 0.3% increase in services. It is also worth noting that the expansion of the Quebec economy over the past three months has been fueled by consecutive increases in both sectors.Nevertheless, the goods sector remained 2.8% below its January 2025 level in February, while the services sector was up 0.8%. Among the highlights of February was a significant 1.9% rebound in the public services subsector following a 1.6% drop in January.Also noteworthy is the 1.4% increase in the manufacturing sector in February, marking the third consecutive monthly gain and the largest monthly increase since June 2022. Although this development is welcome, manufacturing output remains 3.9% below January 2025 levels and 7.4% below its post-COVID peak in June 2022.While Quebec's economy appeared to be gaining momentum at the onset of the conflict in the Middle East, recent labor market data for March and April indicate a sharp slowdown in the province's job market, added the bank. In fact, nearly half of the job losses nationwide since the start of the year have occurred in Quebec, and the province's unemployment rate has jumped by 0.8 percentage point since the trade conflict began -- the sharpest deterioration among all Canadian provinces.In addition, uncertainty surrounding the renewal of the CUSMA trade deal and the loss of household purchasing power due to the war in Iran represent obstacles to growth in the coming months, according to National Bank.That said, the high household savings rate in Quebec, along with the resilience of the real estate market and the province's significant economic diversification, are factors that will help Quebec's economy weather these headwinds.

$CXY

Wire50d ago

Dollar Tree Cuts Prices on Select Groceries After Weak Shopper Reaction, Oppenheimer Says

Dollar Tree (DLTR) may face a modest earnings reset as recent grocery price increases appear to be getting rolled back, while weak shopper response and softer store-level trends may weigh on results, Oppenheimer said in a note Tuesday.Weekend store checks showed new price cuts and temporary discounts on some grocery items, suggesting shoppers may not have responded to earlier price boosts as management expected, the report said. Some stores had updated signage, while others rang up lower prices even when shelf labels still showed higher ones, Oppenheimer said.Management may have raised prices too aggressively on certain items, though it's unclear whether the company is also passing tariff savings to customers, Oppenheimer said.Dollar Tree is set to hold a conference call Thursday after fiscal Q1 results, and Oppenheimer said it will look for more detail on how much of the food assortment is now priced at $1.50 and how customers are reacting.Oppenheimer maintained its perform rating on Dollar Tree stock and said that store conditions remain solid and merchandise selection continues to improve across most recent checks.Price: $92.73, Change: $-2.25, Percent Change: -2.37%

$DLTR

Wire50d ago

Morgan Stanley Adjusts Prologis Price Target to $151 From $135, Maintains Equal Weight Rating

Prologis (PLD) has an average rating of overweight and mean price target of $152.94, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $147.54, Change: $+1.63, Percent Change: +1.12%

$PLD

Wire50d ago

Deere Continues to Execute Well Despite Difficult Core Market Conditions, RBC Says

Deere's (DE) fiscal Q2 results exceeded consensus, and it continues to execute well despite challenging conditions in core markets, positioning it well for fiscal 2027 and beyond, RBC Capital Markets said in a note emailed Tuesday.Fiscal 2026 Construction & Forestry guidance for net sales growth was revised to about 20% from 15%, while margins were raised to 10% to 12% from 9% to 11%, implying volume/mix of around 15.5% on unchanged price and foreign exchange movement, according to the note.Financial Services net income guidance was raised to $860 million and tax rate was lowered to 24% to 26%. Production & Precision Agriculture and Small Agriculture & Turf guidance was unchanged, though PPA pricing growth was lowered to around 1% from 1.5%, largely due to weaker South America pricing, the brokerage said.Management continues to view fiscal 2026 as the trough, citing normalized used equipment values, new inventory levels more than 50% below mid-2024 highs, dealer financing portfolios down 15% or more, and elevated fleet ages in North America, according to the note.Farmer economics in fiscal 2027 are constructive, with corn/soy up 20% since August and inputs at favorable levels, though the Iran conflict is pressuring fertilizer and energy costs, the brokerage added.RBC kept an outperform rating on Deere and raised the price target to $752 from $736.Price: $526.45, Change: $-2.70, Percent Change: -0.51%

$DE

Wire50d ago

Suncor Energy Benefits From Downstream Strength, Lower Cash Flow Volatility, RBC Says

Suncor Energy (SU) is expected to deliver improved operating and financial performance supported by its integrated downstream business and lower cash flow volatility, RBC said in a note Tuesday.The analysts said the main highlight from their discussions with management was the company's shift in strategy from "value over volume" to "value and volume," which has become a key part of the downstream turnaround at Suncor. This is reflected in a 10% refinery capacity re-rating to 511,000 barrels per day in March.Suncor Energy's downstream segment plays both an offensive and defensive role within its integrated business. It reduces exposure to Western Canadian Select price spreads, dampens free funds flow volatility, and provides financial diversification, the analysts added.Looking ahead, refining and marketing pre-tax FFO is estimated at $7.7 billion in 2026 under the base case, or about one-third of total corporate FFO, amid geopolitical uncertainty, including the Iran war, according to the note.RBC reaffirmed its outperform rating and price target of CA$100 ($72.43) on Suncor.Price: $66.32, Change: $-1.03, Percent Change: -1.52%

$SU

Commodities50d ago

Ukraine Cuts Gas Storage Rates, Approves EU-Aligned Market Reform Rules

Ukraine's energy regulator has approved lower gas storage tariffs and new EU-aligned market rules aimed at boosting reserves ahead of winter, according to a Tuesday statement from the National Commission for State Regulation of Energy and Public Utilities.NEURC said it adopted a package of measures covering new tariffs for natural gas storage, injection and withdrawal services, as well as a transition to incentive-based regulation for JSC Ukrtransgaz, the Ukrainian state-owned company that operates the country's underground gas storage facilities and parts of its natural gas transmission infrastructure.NEURC said the storage tariff cut was 10%. Injection and withdrawal tariffs were set at 290.45 Ukrainian hryvnia ($6.56) per 1,000 cubic meters per day, excluding value-added tax.Starting June 1, the storage tariff will fall to 0.36 Ukrainian hryvnia per 1,000 cubic meters per day from the current 0.40 Ukrainian hryvnia, according to figures cited by the Ukrainian news outlet UNN.The regulator also introduced new discounts for customers booking annual or bundled capacity, while shorter-term bookings will incur higher rates.Ukraine operates Europe's largest underground gas storage network, with capacity exceeding 30 billion cubic meters, according to Reuters.Kyiv has previously encouraged Western energy companies to store gas in Ukrainian facilities because of relatively low costs and the ability to withdraw supplies during winter for European markets.Foreign companies stored up to 3 Bcm of gas in Ukraine in 2023, Reuters reported, although volumes later dropped sharply after intensified Russian attacks on Ukrainian gas infrastructure.Separately, NEURC approved a transition to allocating cross-border gas transmission capacity in energy units measured in megawatt-hours per day, a step the regulator said would align Ukraine's gas market more closely with EU rules, UNN reported.Auctions under the updated system will begin in July 2026, with capacity available from Oct. 1, the start of the next gas year.

Wire50d ago

Meta Platforms Stockholders Urged by JLens to Vote in Favor of Content Moderation Transparency Proposal

Meta Platforms (META) stockholders have been urged by registered investment advisor JLens to vote in favor of its proposal that seeks greater transparency for the company's content moderation practices, JLens said Tuesday.The proposal focuses on greater accountability for any proliferation of online hate on the company's platforms, according to a statement.JLens said that ineffective content moderation could drive away users to platforms with more robust guardrails, impacting Meta's engagement and revenue.Meta Platforms did not immediately respond to a request for comment from.Price: $609.01, Change: $-1.26, Percent Change: -0.21%

$META

Japan50d ago

US Equity Indexes Mixed as Investors Pile Into Technology

US equity indexes traded mixed, with technology leading sector charts amid declining government bond yields and mixed crude oil futures, while efforts continued to end the war against Iran.The Nasdaq Composite rose 0.9% to 26,585.2, with the S&P 500 up 0.5% to 7,512.1 after midday Tuesday. The Dow Jones Industrial Average fell 0.3% to 50,446.3. Both the Nasdaq and the S&P 500 hit fresh all-time highs earlier in the session.Micron Technology's (MU) market capitalization touched $1 trillion for the first time after several bullish analyst reports. Shares traded 16% higher after midday, making them the top performers on the S&P 500 and the Nasdaq.While peace talks between Iran and the US are underway with help from countries such as Qatar and Pakistan, the US on Monday launched defensive attacks on what it said were missile-launching sites in Iran. The strikes come as the warring countries continue negotiations to end the three-month war and reopen the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.US Treasury yields fell, with the 10-year down 6.8 basis points to 4.5% and the two-year lower by 5.9 basis points to 4.07%.West Texas Intermediate crude oil futures dropped 2.3% to $94.35, while Brent crude futures jumped 4.3% to $100.45.

Dow JonesNasdaq CompositeS&P 500$MU

Showing 25481-25500 of 55688

Treasury50d ago

Quebec's Economic Growth Gains Momentum in February, Says National Bank

$CXY