JPMorgan Downgrades Alcoa Stock to Underweight
JPMorgan lowers its rating on Alcoa to Underweight, raises the price target to $50, and explains why aluminum looks less attractive than copper right now.
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UBS Upgrades Gap Stock to Buy, Price Target Hits $41
UBS raises Gap stock rating to Buy with $41 price target, citing improved sales outlook, beauty and handbag expansion, and Athleta growth potential.
Trump Calls for $1.5 Trillion Defense Budget Hike, Claims Tariffs Will Cover Costs
President Trump proposes 50% increase in US military spending to $1.5 trillion by 2027, citing tariff revenue as funding source despite budget concerns.
Applied Digital Crushes Q2 Expectations with Strong AI Data Center Growth
Applied Digital (APLD) reports Q2 2026 earnings that exceed analyst estimates, driven by AI data center expansion and major hyperscaler partnerships.
Henkel Makes Takeover Bid for Struggling Olaplex After 90% Stock Plunge
German consumer goods giant Henkel AG submits offer to acquire Olaplex Holdings, the haircare brand that lost over 90% of its value since 2021 IPO.
Trump Bans Defense Contractor Dividends and Stock Buybacks
Defense stocks fall as Trump prohibits dividends and buybacks, caps executive pay at $5M, demanding contractors invest in equipment instead.