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Update: Market Chatter: Anthropic Signs $1.8 Billion Computing Deal with Akamai Technologies

(Updates with Akamai Technologies' reply to a request for comment.)Amazon-backed (AMZN) Anthropic has signed a $1.8 billion computing deal with Akamai Technologies (AKAM), a cloud services provider, to help meet surging demand for its artificial intelligence software, Bloomberg reported Friday, citing people familiar with the matter.Akamai declined to comment to, while Anthropic didn't immediately respond to a request for comment.(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: $272.42, Change: $+1.25, Percent Change: +0.46%

$AKAM$AMZN

Wire55d ago

HSBC Lowers Wynn Resorts Price Target to $129 From $136

Wynn Resorts (WYNN) has an average rating of Buy and mean price target of $140.72, 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://www..com/contact-us)Price: $100.02, Change: $-6.83, Percent Change: -6.39%

$WYNN

Wire55d ago

Update: PTC Therapeutics Shares Rise After Q1 Results Beat Consensus

(Updates with recent stock movement in headline and first paragraph.)PTC Therapeutics (PTCT) shares rose 17% in afternoon trading on Friday after posting a lower-than-expected net loss for Q1, as well as total revenue that surpassed analysts' consensus.The company reported late Thursday a Q1 net loss of $0.03 per diluted share, swinging from earnings of $10.04 a year earlier.Analysts polled by FactSet expected a loss of $0.47.Total revenue for the three months ended March 31 fell to $272.6 million from $1.18 billion a year earlier.Analysts surveyed by FactSet expected $218.8 million.For 2026, the company expects total revenue of $1.08 billion to $1.18 billion. Analysts expect $982.9 million.Price: $75.91, Change: $+11.42, Percent Change: +17.70%

$PTCT

Wire55d ago

Citigroup Cuts Fidelity National Information Services Price Target to $48 From $53

Fidelity National Information Services (FIS) has an average rating of overweight and mean price target of $64.43, 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://www..com/contact-us)Price: $43.76, Change: $-3.49, Percent Change: -7.39%

$FIS

Wire55d ago

Market Chatter: Google's Isomorphic Labs in Advanced Talks to Raise over $2 Billion in New Funding

Isomorphic Labs, a drug discovery company that was spun out of Alphabet's (GOOG, GOOGL) Google DeepMind, is in advanced talks to raise over $2 billion in a new round of funding, Bloomberg reported Friday, citing people familiar with the matter.Isomorphic Labs 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: $395.42, Change: $+0.12, Percent Change: +0.03%

$GOOG$GOOGL

Wire55d ago

Republic Services' 'Good' Underlying Results Partly Offset by Volume, Commodity Headwinds, RBC Says

Republic Services' (RSG) Q1 results were largely in-line with peers, with good underlying results partially offset by volume and commodity-related headwinds, RBC Capital Markets said in a note Friday.RBC said it expects a guidance revision in Q2, as the company reiterated 2026 guidance despite the beat. The company highlighted temporary large-container volumes, mainly construction-related, which improved 500 basis points quarter-over-quarter, with revenue for the business also growing for the first time in 2 years, according to the note.Republic Services plans to bring 4 RNG projects online in 2026, which are expected to add about $10 million of incremental revenue and adjusted earnings before interest, taxes, depreciation, and amortization in 2026, $15 million in 2028 and 2029, and $20 million in 2030, the brokerage said.Looking ahead, the brokerage sees upside to 2026 guidance from improving commodity prices, the macro environment, and incremental mergers and acquisitions activity.RBC kept an outperform rating on Republic Services and raised the price target to $267 from $265.Price: $199.58, Change: $-1.97, Percent Change: -0.98%

$RSG

Commodities55d ago

Venezuela Activates Emergency Grid Measures as Power Demand Hits Near-Decade High

Venezuela's Ministry of Electricity has activated emergency measures to stabilize the national grid after electricity consumption surged this week to its highest level in nearly a decade, the government said Thursday, warning of renewed strain on a system long marked by instability, news outlets reported.The Ministry of Electricity did not specify the measures but called on private businesses to cut usage and reiterated a ban on energy-intensive cryptocurrency mining. Officials said the spike in demand was driven by higher temperatures and increased economic activity, adding that peak consumption exceeded 15,500 megawatts on Thursday.Bloomberg reported that the rising load on the system is complicating efforts to revive key sectors such as oil, mining, and industry, all of which are heavily dependent on reliable electricity. The grid has endured years of underinvestment in hydroelectric facilities and transmission infrastructure.On Monday, Reuters reported that less than 40% of Venezuela's electricity generation capacity is currently operational, resulting in frequent blackouts and restricting industrial and manufacturing activity.Outages have been especially severe outside Caracas. In Zulia state, a major oil-producing region, residents have reported blackouts lasting six hours or more per day amid ongoing rationing.Electricity Minister Rolando Alcala, speaking on state television, said consumer cooperation was essential. "We are working hard to recover and stabilize the system," he said. "The national electrical system is the engine, the core factor, for all development activities in a country," Bloomberg reported.State media have repeatedly aired conservation messages urging households to unplug appliances when not in use as part of efforts to reduce grid load, the news agency said.Energy analysts have long warned that Venezuela's dependence on an overstretched hydroelectric system, combined with limited thermal generation capacity and maintenance gaps, leaves the grid highly vulnerable to demand spikes and climate-related stress.

Wire55d ago

Google's Isomorphic Labs in Advanced Talks to Raise Over $2 Billion in New Funding, Bloomberg Reports

$GOOG$GOOGL

Research55d ago

Research Alert: CFRA Keeps Hold View On Shares Of Somnigroup International

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target from $100 to $80, based on a 25x multiple applied to our updated 2026 EPS estimate of $3.19. While this multiple represents a premium to historical averages, we believe it is justified by the company's transformation into a vertically integrated leader with both a clear structural growth path and cyclical upside. Structurally, the company's M&A strategy provides a defined path to over $325 million in run-rate EBITDA synergies while de-risking the business model, as 65% of sales are now direct-to-consumer. Cyclically, with the bedding industry operating at trough volumes, SGI's significant operating leverage positions it to capture oversized profit growth during an eventual market recovery. Reflecting a more cautious view on near-term margin expansion as a result of higher input costs and a more cautious consumer, we reduce our 2026 EPS estimate from $3.34 to $3.19 and our 2027 EPS forecast from $3.98 to $3.89.

$SGI

Wire55d ago

Loar Confident in Attaining 10% Organic Growth, RBC Says

Loar (LOAR) is confident in attaining around 10% organic growth in the "foreseeable future," with the Middle East conflict not having an impact on the company so far, RBC Capital Markets said in a Thursday note.The company highlighted that its new-business pipeline is about $700 million, mostly tied to aero original equipment programs, and that even a modest 15% conversion would generate over 3% of organic growth, meeting its annual target, RBC analysts said. They noted that the 15% figure was conservative and expected more than 3% growth in the near term.Loar raised its full-year 2026 revenue forecast by $5 million, driven by strong commercial original equipment and aftermarket performance and contributions from its recent acquisitions LMB and Harper Engineering, according to the note. The analysts believe the guidance is conservative and expect results at the top end of the guidance.The analysts believe that the market is underestimating Loar's full upside in margin potential, and see the commentary at the company's earnings call as positive for investor sentiment.RBC maintained the company's stock rating at outperform and lowered the price target to $80 from $90.Price: $60.65, Change: $+0.55, Percent Change: +0.92%

$LOAR

Wire55d ago

Piper Sandler Cuts Trade Desk Price Target to $24 From $28, Neutral Rating Kept

Trade Desk (TTD) has an average rating of overweight and mean price target of $27.31, 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://www..com/contact-us)Price: $22.34, Change: $-1.15, Percent Change: -4.90%

$TTD

Wire55d ago

Innodata Shares Jump After Posting Higher Q1 Results

Innodata (INOD) shares jumped about 87% in afternoon trading Friday, a day after the company reported higher Q1 results and raised its full-year revenue growth guidance.The company reported Q1 earnings late Thursday of $0.42 per diluted share, up from $0.22 a year earlier.Four analysts surveyed by FactSet expected $0.08.Revenue for the three months ended March 31 was $90.1 million, up from $58.3 million a year earlier.Four analysts polled by FactSet expected $76.5 million.The company raised its 2026 revenue growth guidance to 40% or more from prior outlook of 35% or more.Price: $85.16, Change: $+39.52, Percent Change: +86.59%

$INOD

Research55d ago

NFI Group Target Raised To C$26 From $22, Keeps Outperform at National Bk On Ahead of Expectations Q1

$NFI.TO

Wire55d ago

Update: Texas Roadhouse Shares Rise After Fiscal Q1 Earnings, Revenue Increase

(Updates with the latest stock move in the headline and the first paragraph.)Texas Roadhouse (TXRH) shares were up 14% in Friday trading after the company posted higher Q1 earnings and revenue, and maintained its quarterly dividend late Thursday.The company reported quarterly earnings of $1.87 per diluted share, up from $1.70 a year earlier.Analysts polled by FactSet expected $1.80.Revenue for the 13 weeks ended March 31 was $1.63 billion, up from $1.45 billion a year earlier.Analysts surveyed by FactSet expected $1.64 billion.The company maintained its quarterly dividend at $0.75 per share, payable June 30 to stockholders of record June 2.Price: $179.81, Change: $+21.88, Percent Change: +13.85%

$TXRH

Insider Trading55d ago

Monolithic Power Systems Insider Sold Shares Worth $530,198, According to a Recent SEC Filing

Eileen Wynne, Director, on May 06, 2026, sold 335 shares in Monolithic Power Systems (MPWR) for $530,198. Following the Form 4 filing with the SEC, Wynne has control over a total of 1,007 common shares of the company, with 1,007 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1280452/000121465926005811/xslF345X05/marketforms-73073.xmlPrice: $1592.15, Change: $+16.19, Percent Change: +1.03%

$MPWR

Oil & Energy55d ago

US Oil Update: Crude Rises as US-Iran Clashes, UAE Strikes Heighten Supply Risks

Crude oil futures edged higher in midday trading on Friday as heightened tensions between the US and Iran and Iranian missile attacks on the UAE stoked concerns over potential supply disruptions in the Middle East.Front-month West Texas Intermediate crude futures gained 0.78% to $95.55 per barrel, while Brent futures were up 1.06% to $101.12/bbl.The UAE Defense Ministry said Friday its air defenses engaged two ballistic missiles and three drones launched from Iran, the third time this week that it has fired on the UAE.The US and Iranian naval forces exchanged fire in the Strait of Hormuz on Thursday, with each side claiming the other initiated the attack.On Friday, US naval forces fired on and disabled two Iranian oil tankers, M/T Sea Star III and M/T Sevda, that violated Washington's blockade of Iranian ports. "US Central Command enforced blockade measures against two Iranian-flagged unladen oil tankers attempting to pull into an Iranian port on the Gulf of Oman," Centcom said in a statement on X.The attack is the latest after US and Iranian forces traded attacks in the Hormuz overnight. "The Strait of Hormuz remains effectively closed, with renewed clashes between US and Iranian forces lowering the prospect of a near-term reopening," Saxo Bank strategists said, adding that the International Energy Agency estimates regional supply losses at about 14 million barrels per day.Speaking at a policy conference in Toronto, Canada, Fatih Birol, the IEA's executive director, said on Thursday that the agency was prepared to take further action after members agreed in March to release 400 million barrels of crude.Meanwhile, global oil markets' focus remains on the Hormuz, which has been effectively closed since the outbreak of the Middle East conflict in February.Iran's Islamic Revolutionary Guard said it seized the "offending" oil tanker, Ocean Koi, in the Gulf of Oman for maritime violations and attempting to disrupt the country's oil exports."During a special operation, naval commandos of the Islamic Republic of Iran's Army detained the violating oil tanker Ocean Koi," an Iranian Navy statement was quoted by local media, adding that the vessel was "attempting to disrupt oil exports and the interests of the Iranian nation."The US expects an Iranian response to its latest proposal to end the conflict by the end of the day on Friday.President Trump reportedly insisted the ceasefire with Iran remained in effect despite the clashes in the Hormuz, calling the exchange of fire "just a love tap." US Secretary of State Marco Rubio also told reporters in Rome that Washington is expecting "something today.""We still believe that, given a live-fire exchange in the world's most important oil choke point, the current price action is surprisingly muted," Ole R. Hvalbye, commodities analyst at SEB Research, said in a note Friday.

Wire55d ago

Rayonier Seen Positioned for Cash-Flow Growth as Lumber Prices Recover, RBC Says

Rayonier (RYN) is seen benefiting from stronger lumber prices, expanding solar-land opportunities and continued share repurchases, RBC Capital Markets said Thursday in a report.RBC highlighted Rayonier's "solid balance sheet," flexible capital-allocation strategy and the operational benefits from its merger with PotlatchDeltic.Improving lumber prices should support log prices over time, particularly in the Northwest and Idaho, though management described current Northwest log markets as "softer" and "more tenuous" than in prior years, the report said.Expansion of Rayonier's land-based solutions platform should support long-term cash flow, given the significantly higher per-acre economics and strong free-cash-flow conversion associated with solar-option acreage, the report said.RBC reiterated its sector perform rating on Rayonier stock and its $24 price target.Price: $20.49, Change: $+0.07, Percent Change: +0.37%

$RYN

Wire55d ago

Popular Keeps Quarterly Dividend at $0.75 per Share, Payable July 1 to Holders of Record May 29

$BPOP

Wire55d ago

RTX Sees Limited Risks to Aerospace Aftermarket From Higher Fuel Prices, RBC Says

RTX (RTX) is confident that risks from higher fuel prices to its aerospace aftermarket business are limited, RBC Capital Markets said Friday, noting investor focus remains on the GTF jet engine recovery plan and the outlook for Raytheon.The investment firm said sentiment around the aerospace aftermarket business is likely an important driver for the stock in the near term, as the company continues to signal potential risk from discretionary spending on modifications and upgrades in its Collins Aerospace unit, although it has not seen changes in airline spending plans.While the company is positive on the outlook for its GTF engine, RBC said investors are closely watching the recovery plan amid concerns around engine valuations and potential demand destruction."We continue to see the Raytheon portfolio as a reason to own the stock," analysts at the brokerage commented, adding that demand for missile and missile defense systems is not entirely reflected in the stock.RBC has an outperform rating and price target of $230 on RTX.Price: $176.44, Change: $-0.34, Percent Change: -0.19%

$RTX

Mining & Metals55d ago

QuantumCore Begins Trading on Frankfurt Stock Exchange

QuantumCore's (QNCR.CN) common shares have begun trading on the Frankfurt Stock Exchange under the symbol "K1Y", the company said on Friday.The company's common shares will continue to trade on the Canadian Securities Exchange under the symbol "QNCR", it added.Shares were last seen down $0.10 or 4.6% at $2.05 on the Canadian Securities Exchange.Price: $2.05, Change: $-0.10, Percent Change: -4.65%

$QNCR.CN

Showing 29961-29980 of 50639

Oil & Energy55d ago