Public Markets 3h Briefing
×Market Overview
Target investing.com shares rose premarket after unveiling strong full-year guidance, while Best Buy investing.com surged on an earnings beat. However, AutoZone investing.com shares fell after FQ2 revenue missed forecasts. Pinterest investing.com stock jumped following a $1 billion investment and buyback plan.
Deals & Corporate Actions
Ziff Davis wsj.com is selling its connectivity division to Accenture for $1.2 billion. Medline bloomberg.com shareholders are offering shares in the company, capitalizing on a rally in its stock. Senior investing.com received a takeover proposal from a Blackstone-led consortium.
Energy & Commodities
Oil prices need to reflect a "security premium" in the near future, according to Carlyle Young investing.com. Aramco bloomberg.com is exploring exporting oil via the Red Sea to avoid Hormuz, and the IEA bloomberg.com is ready to stabilize the oil market. European gas bloomberg.com surged to a three-year high.
Geopolitical Impact
The dollar bloomberg.com is set for its biggest surge in a year due to inflation fears stemming from the conflict. Egypt’s pound bloomberg.com weakened as the conflict continues. JPMorgan investing.com named the winning and losing sectors from the Iran conflict.
Analyst Ratings
Morgan Stanley investing.com lowered Royal Unibrew's rating. Barclays investing.com cut St James’s Place to "equal-weight," lowering its price target.
Economic Indicators
South Africa bloomberg.com wants a private partner to boost retail bond sales. Interest-rate traders are pricing in a chance of a South African rate hike bloomberg.com this month. The ECB warns that stablecoins could pose major risks monetary policy bloomberg.com.
Company Performance
MMG bloomberg.com said profit more than tripled on a copper rally. Beiersdorf wsj.com shares fell due to a sluggish 2026 outlook. Sea Limited investing.com shares tumbled after an earnings miss.
Other Notable News
Palantir bloomberg.com is back on Wall Street’s buy list. SpaceX's bloomberg.com valuation is justifiable, according to Pitch Book. BlackRock bloomberg.com says index funds alone aren’t enough for US retirees.