Iridium Communications (IRDM) jumped 12% as SpaceX filed for IPO and Amazon pursued Globalstar, boosting satellite sector momentum and investor interest.
Author: Trader Edge
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Microsoft (MSFT) launches three proprietary AI models—MAI-Transcribe-1, MAI-Voice-1, and MAI-Image-2—challenging OpenAI and Google in speech and image AI.
SoFi (SOFI) launched Big Business Banking with 24/7 fiat and stablecoin management, but shares fell 2.4% amid broader fintech challenges and allegations.
Deutsche Bank names Applied Materials and Broadcom top tech picks. AMAT rallies 38% in 2026 while AVGO targets $100B AI chip revenue by fiscal 2027.
BAE Systems (BAESY) secures $180M Swedish contract for TRIDON Mk2 air defense systems, part of $916M deal with Saab. Stock falls 1.88% in premarket trading.
Eli Lilly (LLY) launches Foundayo, its FDA-approved oral weight-loss pill at $149/month. Analysts project 2026 sales up to $2.8B and peak sales over $40B.
Trump’s Iran war speech sent the Dow down 600 points while oil surged 13% to $113. S&P 500 and Nasdaq fell as investors fled risk assets.
Bed Bath & Beyond (BBBY) stock gains 1% after announcing $150M Container Store acquisition, adding 100+ locations and expanding home services offerings.
Rivian (RIVN) delivered 10,365 vehicles in Q1 2026, exceeding analyst projections. R2 model launch scheduled for spring amid Uber partnership.
Micron and Sandisk fell 15%+ after Google’s TurboQuant launch. Mizuho analysts say buy the dip, citing Jevons’ Paradox and strong NAND demand trends.
ServiceNow (NOW) price target reduced to $135 by Stifel as weak federal spending and Q1 slowdown weigh on outlook. Stock down 43% in six months.
European diesel futures jumped nearly 10% to over $200/barrel, the highest since 2022, as Middle East tensions and supply chain disruptions tighten fuel markets.
Diamondback Energy (FANG) surged on Mizuho’s upgrade to top picks with $220 target, then reversed on profit-taking and falling crude oil prices.
Phillips 66 (PSX) CFO Kevin Mitchell sold $2.97M in stock near the 52-week high. Learn about the transaction details and what it means for investors.
Battalion Oil (BATL) dropped 51% after Gen IV and Luminus dumped shares, Q4 reported $12.5M loss, and NYSE issued compliance warning through Nov 2026.