Kroger Co (NYSE:KR, XETRA:KOG) shares closed more than 8% lower on Thursday after the grocery retailer reported first-quarter results that largely met expectations and reaffirmed its full-year outlook, while investors looked for greater clarity on planned investments and cost savings.
Jefferies analysts maintained a ‘Buy’ rating on the stock and a $74 price target, describing Kroger's strategy as becoming more defined under CEO Greg Foran.
Alamos Gold Inc (TSX:AGI, NYSE:AGI)'s operational issues at its Young-Davidson mine are weighing on the company's near-term production outlook, while the continued ramp-up at Island Gold is becoming increasingly important to its growth plans, according to analysts at Jefferies.
The analysts noted that after earlier setbacks, Young-Davidson is now facing seismic events and power outages that have reduced production and raised costs.
Micron Technology Inc (NASDAQ:MU) is positioned to benefit from stronger-than-expected memory pricing trends as it prepares to report fiscal third-quarter results, according to Wedbush analysts, who raised their estimates and price target ahead of the release.
Wedbush reiterated its ‘Outperform’ rating on Micron and increased its price target to $1,300 from $550, citing higher assumptions for DRAM and NAND pricing as well as expectations for continued demand tied to artificial intelligence applications. Shares closed on Thursday at $1,152.
Deutsche Bank expects Novo Nordisk's (NYSE:NVO) pending ZEUS trial to miss, but sees limited upside even if the drug proves successful, given the company's looming patent cliff.
The analyst has set a target of DKK290, just 3.6% above the last closing price of DKK280.10, and maintains a hold rating on the stock.
Constellation Brands Inc (NYSE:STZ) reports fiscal first-quarter results after the close on June 30, and the setup is bumpy.
UBS is modeling EPS of $3.12, below the Street consensus of $3.24, after cutting estimates to reflect weaker beer demand.
Amazon.com Inc (NASDAQ:AMZN)'s upcoming Prime Day event is expected to generate nearly $22 billion in gross merchandise value (GMV) over four days, according to Bank of America, as the company uses the annual shopping promotion to highlight its artificial intelligence-powered shopping tools.
Amazon's 12th annual Prime Day begins on June 23 and runs through June 26, maintaining the 96-hour format introduced last year but shifting from its traditional July timing. The event will feature millions of deals across more than 35 categories, including electronics, apparel, beauty, grocery and travel.
Take-Two Interactive Software Inc (NASDAQ:TTWO) is set to open pre-orders for Grand Theft Auto VI on June 25, and Jefferies says the event is shaping up to be a meaningful catalyst for the stock ahead of the game's November 19 release.
The bank expects a new trailer to drop alongside the pre-order launch, but the bigger focus for investors will be pricing. Jefferies sees the base edition landing at either $70 or $80, with $100 considered unlikely.
Apple Inc (NASDAQ:AAPL, XETRA:APC) remains well positioned to manage increasing memory costs and potential product price increases due to its scale and supplier relationships, according to Bank of America analysts, who maintained a ‘Buy’ rating and a $380 price target on the stock.
This followed comments from Apple CEO Tim Cook in an interview with The Wall Street Journal, in which he indicated the company would need to raise prices to offset escalating memory expenses.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has gained strategic and financial validation through its participation in G7-linked critical minerals initiatives and related investment interest, according to Noble Capital Markets analysts.
The company this week announced that it has obtained international investment support and finalized offtake agreements through the Critical Minerals Resilience and Production Alliance during the 2026 G7 Summit in Evian, France.
Bank of America has reiterated its 'buy' rating and 720p price target on Melrose Industries PLC (LSE:MRO, OTC:MLSPF), the FTSE 100 aerospace group, arguing the shares look cheap as they trade close to their lowest level this year.
Melrose, which owns the GKN Aerospace engineering business, is due to report half-year results with its stock near a 12-month low.
Equity issuance in America is poised to hit record highs this year, a data point that would normally trigger investor alarm.
UBS estimates initial public offerings could reach $200-350 billion and secondary offerings another $400 billion, both all-time highs. Yet context matters enormously when assessing what this means for market risk.
RBC Capital Markets has trimmed its price target for Rathbones Group PLC (LSE:RAT, OTC:RTBBF) to 1,950 pence from 2,400 pence, reflecting a surprise regulatory update that adds near-term uncertainty to the wealth manager's turnaround narrative.
The company disclosed on 16 June that it will cease charging investment management fees on client cash and pause onboarding of new enhanced due diligence clients for the next twelve months.
The top ten US technology stocks now account for nearly 40% of the S&P 500's total market capitalisation, marking the highest concentration since the late 1990s tech bubble and well above the 25% recorded during the dotcom crash itself.
That figure underscores how completely artificial intelligence has reshaped equity market dynamics. Microsoft, Apple, NVIDIA, Amazon, Alphabet and Meta have become index engines in their own right, with NVIDIA alone crossing the five trillion dollar market cap threshold.
Seeing Machines Ltd's (AIM:SEE, OTC:SEEMF, FRA:M2Z) $31 million expansion, commencing production in the second half of 2026, differs fundamentally from recent wins with new Japanese suppliers.
Stifel analysts believe the existing OEM is likely Volkswagen, expanding across its brand estate, including Audi and Skoda, with implementation via rear-view mirrors to enable rapid deployment.
Snowflake Inc (NYSE:SNOW) remains well-positioned despite intensifying competition from Databricks, with Jefferies analysts writing that both companies are benefiting from growing enterprise demand for data and artificial intelligence infrastructure and have room to expand.
Jefferies noted that Databricks' annualized revenue run rate is on track to exceed $6.9 billion in the first half of fiscal 2027, representing about 65% year-over-year growth in its core business and roughly 80% growth including large language model monetization.
Victoria's Secret & Co. (NYSE:VSCO) could continue delivering strong earnings growth as sustained sales momentum supports margin expansion, according to Bank of America, which maintained its ‘Buy’ rating on the retailer.
Bank of America analysts wrote that recent sales trends have eased concerns about a potential slowdown following the company's first-quarter earnings beat and increased full-year guidance.
Coinbase Global Inc (NASDAQ:COIN) is accelerating innovation across trading, payments and artificial intelligence, with recent product launches reinforcing its ambition to become a unified exchange for multiple asset classes and potentially broaden its addressable market, Jefferies analysts wrote following the company's System Update event.
The analysts highlighted Coinbase's launch of tokenized equities for customers outside the United States, offering 1:1 exposure to underlying stocks, including dividend rights, through fully on-chain assets.
Wood Mackenzie's caution rests on China EV demand and a supply response to higher prices. Both miss where lithium pricing is actually set. UBS sees it. The market doesn't.
A bearish case built on the wrong variable?
UK inflation unexpectedly held steady in May, easing pressure on the Bank of England as policymakers prepare to announce their latest interest rate decision this week.
The consumer prices index rose by 2.8% in the year to May, figures from the Office for National Statistics showed, unchanged from April and below economists' forecasts for an increase to 3.0%. Monthly inflation slowed more sharply than expected, to 0.2% from 0.7% in April.
The fear was simple. A SpaceX (NASDAQ:SPCX) listing would pull money out of the rest of the tech and AI trade, leaving chip stocks short of buyers.
Dan Ives at Wedbush thinks that fear has now been answered. He argues the weakness in chip stocks over the past week to 10 days reflected nerves ahead of the SpaceX debut, not a real crack in demand.
US airline stocks could require stronger earnings expectations to sustain recent gains, according to UBS, which wrote that investor focus is likely to shift back toward company fundamentals as geopolitical concerns ease.
The airline sector has rallied in recent days, with the U.S. Global Investors (NASDAQ:GROW) Jets ETF (JETS) gaining 12% over the past three trading sessions amid optimism surrounding a potential resolution to the Iran conflict and the possible reopening of the Strait of Hormuz.
Dynatrace (NYSE:DT) was given a ‘Buy’ rating from UBS as the bank’s analysts initiated coverage of the observability software provider, citing industry checks that point to improving demand trends, emerging artificial intelligence-related growth opportunities and what it views as an attractive valuation.
UBS set a $60 price target on the stock after speaking with more than 10 customers, partners and industry contacts. The firm said its findings support expectations for a modest acceleration in growth, driven by strong demand for Dynatrace's core application performance monitoring (APM) offerings, growing traction in log management products and early benefits from AI adoption.
elf Beauty Inc (NYSE:ELF) is stepping into haircare, its most significant category expansion since launching skincare in 2022.
Jefferies analysts see the move as a strong strategic fit, viewing the launch as "a positive addition to the company's fall innovation cycle, supported by favorable category growth and trend alignment."
Take-Two Interactive Software Inc (NASDAQ:TTWO) is using AI to improve operational efficiency and support certain areas of game development, but does not expect the technology to significantly reduce the cost of producing major video game titles, according to Jefferies analysts following a meeting with the company's CEO Strauss Zelnick.
In a note, Jefferies wrote that management reiterated that AI is creating measurable productivity gains in day-to-day business functions and helping streamline mobile game level creation and user acquisition advertising. However, the company does not expect AI to materially lower development costs for AAA games and continues to invest in game creation tools while anticipating further growth in its development workforce, which currently stands at roughly 10,000 employees.
Salesforce Inc (NYSE:CRM, XETRA:FOO) has agreed to acquire customer agent company Fin for approximately $3.6 billion, a deal Wedbush says confirms the company is moving faster and more aggressively than most expected to lock up the agentic AI market.
The move hasn’t surprised analysts, who argue that with roughly $12 billion on its balance sheet and three billion-dollar-plus acquisitions completed in the past year alone, Salesforce is steadily shifting toward buying capability rather than building it. The firm maintains its Outperform rating and $325 price target.
Tripadvisor Inc (NASDAQ:TRIP) has agreed to sell its European restaurant reservations platform TheFork to American Express for $700 million in cash, a move that Jefferies says simplifies the company’s structure but does not fully offset longer-term pressure in its core business.
The deal, which Jefferies noted had been widely anticipated following Tripadvisor’s earlier indication that it was exploring strategic alternatives for TheFork, is expected to close before the end of fiscal 2026. The net proceeds are expected to be broadly in line with the gross sale price. Tripadvisor said it may deploy the capital toward share repurchases, debt reduction, or acquisitions in its Experiences segment.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has rolled out new AI-powered search capabilities across its apps as part of a broader push into AI-native products, with Bank of America analysts saying the update could mark an early step toward a larger search and monetization opportunity within the company’s ecosystem.
Bank of America wrote in a note that Meta’s new “AI Mode” search feature on Facebook allows users to find answers based on public posts across Meta platforms, including Groups and Reels. The feature uses Meta AI, powered by the MuseSpark large language model, to generate responses grounded in publicly shared user content, which the company says is intended to surface real-world perspectives and experiences rather than conventional web-based search summaries.
TeraWulf (NASDQ:WULF) shares rose 8% after Bank of America initiated coverage of the company with a Buy rating and a $34 price objective, citing its transition from bitcoin mining to AI-focused high-performance computing infrastructure as a key value driver.
Analysts said TeraWulf is developing digital infrastructure to meet surging AI demand, with a pipeline expected to reach between 1.8 and 3 gigawatts of critical IT load capacity by 2030.
Anthropic representatives are meeting with officials in Washington, DC, today to resolve a deepening dispute with the US government after the Trump administration issued an export control directive Friday ordering the company to suspend access to its two most powerful AI models.
The company received an order Friday evening instructing it to suspend all access to its Fable 5 and Mythos 5 models "by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees."
UBS has warned that the AI-driven technology rally has pushed excess returns for US momentum and tech stocks above the levels reached at the peak of the dotcom bubble in March 2000, raising the prospect that more hawkish central banks could trigger a repeat of the brutal 1999-2000 correction.
The note, from Michel Lerner, head of HOLT at UBS, stops short of calling the top but frames the question starkly: is the recent tech sell-off another dip to buy, or the beginning of a proper valuation derating back towards historical norms?
RBC Capital Markets has reiterated its 'outperform' rating and 185p price target on Ecora Royalties PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF, FRA:HGR) after a site visit to the Voisey's Bay cobalt and copper mine in Newfoundland and Labrador left the bank with materially greater confidence in the asset's operational delivery and growth potential.
The note, from analysts Ben Davis, Laura Chan and Marina Calero, describes a step-change in execution at Voisey's Bay, where the transition to underground mining is now largely complete with throughput running at nameplate capacity.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z) shares rose 8% to 4.5p on Monday after the AIM-listed computer vision company announced design wins with two Japanese car manufacturers, with Peel Hunt arguing the contracts underscore a strategy that could deliver significantly more value than the headline $11 million lifetime figure suggests.
Peel Hunt, which has a 'buy' rating on the stock, said it believed one of the Tier 1 suppliers through which the deals were secured was almost certainly Mitsubishi, describing the wins as validation of Seeing Machines' model as a specialist Tier 2 supplier working through established distribution relationships rather than selling direct to manufacturers.