>>> Up
* Autostore Raised to Buy at Arctic Securities; PT 14 kroner
* BAT Raised to Overweight at Morgan Stanley; PT 4,900 pence
* DNB Bank Raised to Buy at SB1 Markets; PT 309 kroner
* IBM Raised to Buy at DZ Bank; PT $295 (+)
* Metso Raised to Buy at Pareto Securities; PT 17 euros
* Metso Raised to Buy at Pareto Securities; PT 17 euros
* Neste Raised to Buy at UBS; PT 31 euros
* Nokia Raised to Buy at Nordea (+)
* Roche ADRs Raised to Equal-Weight at Morgan Stanley; PT $46
* Saab Raised to Accumulate at Inderes; PT 622 kronor
* Sandisk Raised to Buy at GF Securities; PT $1,277
* Sveafastigheter Raised to Buy at SEB Equities; PT 39 kronor
* Tekova Raised to Buy at Evli Bank; PT 1.60 euros
* Tesla Raised to Hold at DZ Bank; PT $385 (+)
>>> Down
>>> Down
* Aker Solutions Cut to Sell at SB1 Markets; PT 32 kroner
* Berkeley Cut to Hold at Deutsche Bank; PT 3,685 pence (+)
* Betolar Cut to Sell at Inderes; PT 1 euro
* BioMerieux Cut to Hold at Deutsche Bank; PT 81 euros
* Bjorn Borg Cut to Reduce at Inderes; PT 67 kronor
* Bufab Cut to Hold at Nordea
* Evli Cut to Accumulate at Inderes; PT 26 euros
* Evli Cut to Accumulate at Inderes; PT 26 euros
* Fiskars Cut to Sell at Inderes; PT 11.50 euros
* Fondia Cut to Accumulate at Inderes; PT 6.20 euros
* Freeport Cut to Equal-Weight at Morgan Stanley; PT $66
* GTT Cut to Neutral at UBS; PT 210 euros
* HMS Networks Cut to Hold at SEB Equities; PT 555 kronor
* Imperial Brands Cut to Equal-Weight at Morgan Stanley
* Ilkka Oyj Cut to Reduce at Inderes; PT 4.25 euros
* Lem Cut to Hold at Research Partners; PT 392 Swiss francs
* MTU Aero Cut to Sell at UBS; PT 275 euros
* Phoenix Mecano Cut to Hold at Research Partners
* Safran Cut to Equal-Weight at Oxcap; PT 300 euros
* Verkkokauppa.com Cut to Reduce at Inderes; PT 2.80 euros
* Vitrolife Cut to Hold at Pareto Securities; PT 115 kronor
>>> Initiation
* Alphabet Reinstated Outperform at Wedbush; PT $370
* Amazon Reinstated Outperform at Wedbush; PT $300
* Capgemini Cut to Neutral at UBS; PT 110 euros
* Franchise Brands Rated New Buy at Shore Capital; PT 185 pence (+)
* Fuchs Reinstated Buy at UBS; PT 44 euros
* Fuchs Reinstated Buy at UBS; PT 44 euros
* Hims & Hers Health Rated New Overweight at JPMorgan; PT $35
* Meta Reinstated Outperform at Wedbush; PT $900
* Ottobock SE Rated New Hold at Berenberg; PT 66 euros
* Scorpio Tankers Rated New Buy at Jefferies; PT $90
>>> Call
* BAT Double-Upgraded at Morgan Stanley, Imperial Brands Cut (+)
>>> Call
* BAT Double-Upgraded at Morgan Stanley, Imperial Brands Cut (+)
Oil rose for a fifth day as concerns grew that the US and Iran were making little progress toward resuming talks on de-escalation, keeping the Strait of Hormuz effectively closed. Brent, the global crude benchmark, rose 0.9% to $106 a barrel, taking this year’s gains to about 74%. The commodity is set for its biggest weekly gain since the first week of the war as the closure of the Strait disrupts the flow of oil from the Middle East to the rest of the world.
Treasury 10-year yields and Bloomberg’s gauge of the dollar are both headed for their first weekly advance in a month as hopes for easing Middle East tensions faded, giving way to concerns about escalation. As optimism waned, MSCI’s All-Country World Index dropped 0.1% Friday, setting the gauge up for its first weekly decline in April.
Futures contracts for the Nasdaq 100 Index advanced 0.4% after a strong earnings forecast from Intel Corp. While Asian shares fluctuated, European stocks were set to open 1% lower. While risk premiums have eased in recent weeks, investors remained cautious heading into the weekend as sentiment hinges on whether tensions with Iran escalate or give way to diplomacy. Traders will watch signals from Washington and Tehran, along with shipping flows, for clues on energy supply risks, with any Strait of Hormuz disruption likely to keep oil elevated and weigh on global economic growth. The prospect of Iran agreeing to more in-person peace talks with the US is being hindered by President Donald Trump’s threats and brash social media posts, according to several officials with knowledge of the diplomatic efforts to end their war. While Trump said Israel and Lebanon will extend their ceasefire by three weeks, tensions in the Middle East remained high. US forces boarded a supertanker carrying Iranian oil in the Indian Ocean as the navy stepped up its blockade of the Islamic Republic’s shipping. Tehran continues to keep Hormuz effectively closed, preventing the passage of hundreds of millions of barrels of oil and fuel as well as other commercial traffic. “As long as flows through the Strait remain restricted, the market keeps tightening and oil inventories keep falling, oil prices will remain supported,” said Giovanni Staunovo, an analyst at UBS Group AG in Zurich. Slsewhere, the MSCI Asia Pacific Index swung between gains and losses. Stocks in Japan and Taiwan rose, while those in China and Hong Kong declined. While Wall Street gauges edged lower on Thursday, Nasdaq 100 futures rose 0.7% early Friday on optimism sparked by Intel. The chipmaker jumped 20% in after-hours trading after its sales forecast topped expectations. Semiconductor stocks were outliers in the US session, climbing for a 17th consecutive day. In Asia, Taiwan Semiconductor Manufacturing Co. climbed to a record after the country’s financial regulator eased limits on single-stock fund holdings. While markets have whipsawed on geopolitical risks, corporate profits have remained strong. Nearly 80% of the US equity benchmark’s firms have beaten first-quarter earnings estimates so far, according to data compiled by Bloomberg. As volatility increased with the onset of the Iran conflict, financial markets have proven relatively resilient, said Adam Hetts and Oliver Blackbourn at Janus Henderson. “Investors coalesced around the critical assumption that hostilities and the associated disruptions to the global economy would be short lived,” they said. “Our sentiment and positioning indicators showed drawdowns within several market segments reaching capitulation territory and could therefore represent attractive entry points.” US after INTC +19.5% up big on earnings; also moving on earnings is MXL +30.8%, WKC +22.1%, SAP +7%, FIX +6.5%; COUR -11.2%, BYD -6.2% lower on earnings.
Nikkei +0.57% Hang Seng -0.20% CSI -0.85% Shanghai -0.58% Shenzen 61.19%
Eur$ 1.1679 CNH 6.8377 CNY 6.8364 JPY 159.74 GBP 1.3461 CHF 0.7870 RUB 75.7605 TRY 45.0124 WTI$ 96.44 +0.62% Gold 4,665.50 -1.21% BTC 77,640 -0.17% ETH 2,304 -0;76%
S&P +0.09% Nasdaq +0.54% EuroStoxx -0.56% FTSE -0.78% Dax +0.06% SMI -0.42%
Macro :
- Goldman Sees $23 Billion US Pension Rebalancing: Equity Insight
- Iran deploys more mines in the Strait of Hormuz, sources say
- BOE’s Breeden Warns Stock Markets May Be Poised to Fall: BBC
Keep an eye on :
Keep an eye on :
- ABBV US : AbbVie Receives FDA Rejection for TrenibotE Fast Acting Botox
- ANA SM : Nadara, Qualitas Are Said to Be Bidders for Acciona Wind Assets
- AC FP : Accor Sales Miss as Iran War Hurts Travel Demand in Middle East
- ADP FP : ADP to Sell Up To 7.3% Stake in India’s GMR Airports, Paris Airport Group Cuts Stake in India’s GMR in $1 Billion Deal
- ADYEN NA : Adyen to Buy Talon.One for €750m: M&A Snapshot
- AI Coding : AI Coding Firm Cognition in Funding Talks at $25 Billion Value
- AMZN US : Amazon-Backed Nuclear Firm X-Energy Raises $1.02 Billion in IPO
- Anthropic IPO : Anthropic Says It’s Expanding What Can Be Connected to Claude
- AOF GY : Atoss Software Boosts FY Ebit Margin Forecast
- APETIT FH : Apetit 1Q Sales Miss Estimates
- BOL FP : Bollore 1Q Revenue EU815M Vs. EU782M Y/y
- CCC SS : Cavotec 1Q Revenue Misses Estimates
- CARM FP : Carmila 1Q Net Rental Income EU100.7M Vs. EU100.5M Y/y
- CEVI SS : CellaVision 1Q Sales Miss Estimates
- CLARI FP : Clariane 1Q Organic Revenue +4.9%
- COLOB DC : Coloplast Sees FY Revenue +3%
- DeepSeek IPO : DeepSeek Unveils Flagship AI Model a Year After Breakthrough
- CVC NA : CVC, Greece to Participate in Public Power Capital Raise: Terms
- DEEZR FP : Deezer 1Q Revenue EU131.9M Vs. EU134M Y/y
- DYVOXX SS : Dynavox 1Q Revenue Misses Estimates
- ELUXB SS : Electrolux To Issue SEK9B in Shares, Form JV W/ Midea, Cut Jobs
- ENT LN : Entain Shares Erase Decline After Betaville ‘Uncooked Alert’
- FLOW NA : Flow Traders 1Q Net Trading Income Beats Estimates
- FNAC FP : Fnac Darty 1Q Revenue EU2.31B
- FRVIA FP : Forvia 1Q Sales Meet Ests; Progress on Interiors Ops Sale
- HIAB FH : Hiab 1Q Comparable Operating Profit Beats Estimates
- HOLN SW : Holcim Maintains FY Organic Sales Forecast
- IFCN SW : Inficon Boosts FY Operating Margin Forecast
- INDT SS : Indutrade 1Q Orders Meets Estimates
- INTC US : Intel Soars After Strong Results and Robust Forecast
- KEMIRA FH : Kemira Starts Labor Talks Which Could Lead to 150 Job Cuts
- KIT NO : Kitron 1Q Revenue Beats Estimates
- KNIN SW: Kuehne + Nagel 1Q Net Revenue Misses Estimates, Kuehne + Nagel Narrows FY Recurring Ebit Forecast
- LIFCOB SS : Lifco 1Q Net Sales Meet Estimates
- FII FP : LISI 1Q Sales EU468.0M Vs. EU442M Y/y
- LULU US : Lululemon’s New CEO Has Ties to One of Nike’s Biggest Missteps
- LULU US : Lululemon’s New CEO Has Ties to One of Nike’s Biggest Missteps
- MBG GY : Mercedes Sees Prolonged Slump in China Demand on Poor Economy
- META US : Meta Tells Staff It Will Cut 10% of Jobs in Push for Efficiency
- NETEL SS : Netel 1Q Sales Miss Estimates
- NXI FP : Nexity 1Q Revenue EU518M Vs. EU590M Y/y
- BMPS IM : Monte Paschi Names Luigi Lovaglio CEO
- BMPS IM : Monte Paschi CEO Mulls Using Generali Stake for Banco Deal: FT
- NEM US : Newmont Pledges to Buy Backs $6 Billion in Stock on Gold Rally
- SAVE SS : Nordnet 1Q Net Income SEK839M Vs. SEK799M Y/y
- NSKOG NO : Norske Skog 1Q Ebitda Beats Estimates
- NOVN SW : Novartis Malaria Treatment for Babies Gets WHO Prequalification
- OMV AV : OMV New Zealand Sees Maui Gas Field Ceasing Production in 2026
- REGN US : Trump Says Regeneron Will Invest $27b in the US
- REGN US : Regeneron to Offer Hearing-Loss Therapy for Free After FDA Nod
- RHI US : Robert Half 1Q EPS Beats Estimates
- SAABB SS : NATO Chooses Saab, Bombardier for Aircraft Deal, Report Says
- SGO FP : Saint-Gobain 1Q Like-for-Like Sales Beat Estimates
- SAP GY :SAP 1Q Non-IFRS Revenue Meets Estimates, SAP Rises as Results Help Calm AI Disruption Fears: Street Wrap
- SK FP : SEB 1Q Sales Meet Estimates
- ENR GY : Siemens Energy Boosts FY Profit Margin Ex Items Forecast
- LIGHT NA : Signify 1Q Comparable Sales Miss Estimates
- Space X IPO : SpaceX's IPO Will Help Elon Musk Consolidate Power. Investors Welcome It. -- WSJ
- SPIE FP : Spie 1Q France Revenue Beats Estimates, Spie 1Q Revenue EU2.45B Vs. EU2.42B Y/y
- TEF SM : *TELEFONICA FIRES CEO OF TV UNIT MOVISTAR PLUS, EL PAIS REPORTS
- TELIA SS : Telia 1Q Adjusted Ebitda Beats Estimates
- TKO FP : Tikehau Capital Assets Under Management EU53B
- TMUS : T-Mobile Increases Shareholder Return Program by $3.6b
- TOM NO ; Tomra 1Q Revenue EU334M
- URW FP : Unibail 1Q Revenue EU772.1M
- VAIA SH : Vaisala 1Q Ebit Beats Estimates
- FR FP : Valeo 1Q Revenue Beats Estimates
- DG FP : Vinci 1Q Revenue EU16.28B Vs. EU16.32B Y/y (1)
- VIS SM : Viscofan 1Q Ebitda Misses Estimates
- VLTSA FP : Voltalia 1Q Turnover €133.3m, +25% Y/y Constant FX
- VOLVB SS : Volvo 1Q Net Sales Miss Estimates, Volvo Truck Orders Jump 14% on Stronger Europe, Americas Demand
- WDP BB : WDP 1Q Adjusted EPS Beats Estimates
- XIOR BB : Xior 1Q EPRA NTA/Shr EU39.47 Vs. EU40.10 Y/y
- YAR NO : Yara 1Q Adjusted Ebitda Beats Estimates
>>> Up
* Autostore Raised to Buy at Arctic Securities; PT 14 kroner
* BAT Raised to Overweight at Morgan Stanley; PT 4,900 pence
* DNB Bank Raised to Buy at SB1 Markets; PT 309 kroner
* Metso Raised to Buy at Pareto Securities; PT 17 euros
* Metso Raised to Buy at Pareto Securities; PT 17 euros
* Neste Raised to Buy at UBS; PT 31 euros
* Roche ADRs Raised to Equal-Weight at Morgan Stanley; PT $46
* Saab Raised to Accumulate at Inderes; PT 622 kronor
* Sandisk Raised to Buy at GF Securities; PT $1,277
* Sveafastigheter Raised to Buy at SEB Equities; PT 39 kronor
* Tekova Raised to Buy at Evli Bank; PT 1.60 euros
>>> Down
>>> Down
* Aker Solutions Cut to Sell at SB1 Markets; PT 32 kroner
* Betolar Cut to Sell at Inderes; PT 1 euro
* BioMerieux Cut to Hold at Deutsche Bank; PT 81 euros
* Bjorn Borg Cut to Reduce at Inderes; PT 67 kronor
* Bufab Cut to Hold at Nordea
* Evli Cut to Accumulate at Inderes; PT 26 euros
* Evli Cut to Accumulate at Inderes; PT 26 euros
* Fiskars Cut to Sell at Inderes; PT 11.50 euros
* Fondia Cut to Accumulate at Inderes; PT 6.20 euros
* Freeport Cut to Equal-Weight at Morgan Stanley; PT $66
* GTT Cut to Neutral at UBS; PT 210 euros
* HMS Networks Cut to Hold at SEB Equities; PT 555 kronor
* Imperial Brands Cut to Equal-Weight at Morgan Stanley
* Ilkka Oyj Cut to Reduce at Inderes; PT 4.25 euros
* Lem Cut to Hold at Research Partners; PT 392 Swiss francs
* MTU Aero Cut to Sell at UBS; PT 275 euros
* Phoenix Mecano Cut to Hold at Research Partners
* Safran Cut to Equal-Weight at Oxcap; PT 300 euros
* Verkkokauppa.com Cut to Reduce at Inderes; PT 2.80 euros
* Vitrolife Cut to Hold at Pareto Securities; PT 115 kronor
>>> Initiation
* Alphabet Reinstated Outperform at Wedbush; PT $370
* Amazon Reinstated Outperform at Wedbush; PT $300
* Capgemini Cut to Neutral at UBS; PT 110 euros
* Fuchs Reinstated Buy at UBS; PT 44 euros
* Fuchs Reinstated Buy at UBS; PT 44 euros
* Hims & Hers Health Rated New Overweight at JPMorgan; PT $35
* Meta Reinstated Outperform at Wedbush; PT $900
* Ottobock SE Rated New Hold at Berenberg; PT 66 euros
* Scorpio Tankers Rated New Buy at Jefferies; PT $90
>>> Call
>>> Call
- SAP (SAP TH) +6.8%
- SAP Rises as Results Help Calm AI Disruption Fears: Street Wrap
- Adyen (1N8 TH) +5%
- Adyen €750 Million Deal Signals Move Beyond Pure Payments: React
- Siemens Energy (ENR TH) +3.9%
- Siemens Energy Guidance Points to Consensus Upgrade: Street Wrap
- Holcim (HLBN TH) +3.6%
- Holcim Profit Gains on Firm Demand for Sustainable Materials
- Neste (NEF TH) +2.3%
- Neste Raised to Buy at UBS; PT 31 euros
- BAT (BMT TH) +1.8%
- BAT Raised to Overweight at Morgan Stanley; PT 4,900 pence
- Fuchs (FPE3 TH) +1.6%
- Equinor (DNQ TH) +1.3%
- Sartorius Stedim (56S1 TH) +1%
- CSG NV (NW0 TH) -1.2%
- AUTO1 (AG1 TH) -1.2%
- Nokia (NOA3 TH) -1.3%
- Imperial Brands (ITB TH) -1.4%
- Imperial Brands Cut to Equal-Weight at Morgan Stanley
- Rubis (BYNN TH) -1.4%
- MTU Aero (MTX TH) -2.3%
- BPER Banca (4BE TH) -2.5%
- Coloplast (CBHD TH) -3.1%
- Coloplast Issues Warning on Weaker Kerecis Outlook: Street Wrap
- Signify (G14 TH) -3.6%
- Signify 1Q Professional Business Comp Sales Growth Miss Est.
- Eni (ENI TH) -4.4%
- *ENI BOOSTS 2026 SHARE BUYBACK TO EU2.8B
DAX:
- SAP (SAP TH) +7.3%
- SAP Rises as Results Help Calm AI Disruption Fears: Street Wrap
- Siemens Energy (ENR TH) +4.1%
- Siemens Energy Raises Outlook on Strong AI-Driven Demand
- Deutsche Bank (DBK TH) -1%
- MTU Aero (MTX TH) -1.9%
- MTU Aero Cut to Sell at UBS; PT 275 euros
MDAX:
- Fuchs (FPE3 TH) +2.1%
- Nemetschek (NEM TH) +1%
- Puma (PUM TH) -1%
- Redcare Pharmacy NV (RDC TH) -1%
- Thyssenkrupp (TKA TH) -1.1%
SDAX:
- Atoss Software (AOF TH) +6.3%
- Atoss Software 1Q Ebit EU18.2M
- SFC Energy (F3C TH) -2.3%
Mercuria to invest in smelters and mines as it expands metals push
Swiss trading house’s move to take 25% stake in aluminium plant in Indonesia marks shift into asset ownership
Mercuria is to take its first stake in an aluminium smelter and will also hunt for copper mining investments, marking a shift into asset ownership as the Swiss trading house continues a $3bn spending spree in base metals.
The company, which has shaken up the world of base metals trading since it began an aggressive expansion in 2024, said it would seek further deals as high copper and aluminium prices spur producers’ demand for funding.
Kostas Bintas, Mercuria’s head of metals, told the FT that the group would keep up its current pace of investment, highlighting that “we have both the appetite and the capacity to do more”. In less than two years, it has distributed more than $3bn in metal pre-payments, which are advance payments for future shipments of metal.
In a shift from the pre-payment model, Mercuria will take a 25 per cent stake in an aluminium smelter in Indonesia operated by Chinese group Tsingshan. The stake, the first equity investment under its new metals unit, is estimated to be worth hundreds of millions of dollars.
The group has reaped the rewards from its big bet on base metals, with the division contributing about 15 per cent of the company’s $1.5bn profit last year.
Its biggest deals so far include a $1.25bn pre-payment to copper producer Kazakhmys and a $200mn pre-payment to International Resources Holding’s Mopani copper mine in Zambia. Mercuria has also inked deals for zinc offtake from Ivanhoe’s Kipushi mine in the Democratic Republic of Congo and for copper offtake from Eurasian Resources Group.
The war in the Middle East, which resulted in the closure of the Strait of Hormuz to most vessels, has choked off the supply of about a fifth of the world’s aluminium. “We are very constructive on aluminium,” said Bintas, noting that the conflict had squeezed supplies. Prices for aluminium on the London Metal Exchange benchmark have risen about 14 per cent since the war began.
However, Bintas acknowledged that a drawn-out conflict could dent demand for copper and aluminium.
Mercuria’s chief executive Marco Dunand, speaking at the FT Commodities Summit in Lausanne, said the group planned to grow its base metals division and bolster its liquefied natural gas division, which would triple or quadruple its trading volume over the next 12 months.
Mercuria’s net debt has been rising as a result of its big investments in metals and LNG, raising concerns among bankers.
However, Dunand said the company’s balance sheet could comfortably support its activity. “We are underutilising our [credit] lines in general,” he said, adding that the company was one of the only large trading houses that did not secure extra credit lines at the outbreak of the war.
Europe’s M&A dreams face a German political test
Large mergers in Germany could create ‘European champions’ — but will Berlin stand aside?
The Berlin risk to ‘European champions’
Big German M&A is stirring again. Deutsche Telekom is weighing a move to merge with T-Mobile US, the $214bn US wireless giant, while Commerzbank is the target of Italian bank UniCredit.
On paper, both deals make sense in a world where scale is critical to compete globally. They are also precisely the kind of cross-border transactions Brussels has been keen to promote to build “European champions” capable of taking on US and Chinese rivals.
The real question is whether Berlin will stand aside. The short answer: maybe, and in some cases, maybe not.
Deutsche Telekom has a better chance of getting political backing, not least because it would lead the deal — hence the “maybe”. But there are complications. The FT’s Kieran Smith reports the combined group would likely be incorporated in a lower-tax European jurisdiction such as Luxembourg, Amsterdam or Dublin rather than its native Germany.
That is unlikely to go down well in Berlin. It would add to a growing list of German corporates looking beyond what was once Europe’s economic locomotive. And in this case, the government’s view carries weight: it owns 14 per cent of Deutsche Telekom, with state-backed lender KfW holding another 14 per cent.
Berlin was aware of the talks before they became public this week, but its response thus far has been muted, people familiar with the matter told the FT.
Look at the reaction to UniCredit’s €35bn tilt at Commerzbank. Chancellor Friedrich Merz branded the approach “hostile”. While conceding Europe needs larger lenders, he added, “this does not mean that every type of takeover is welcome in Germany”. Translation: not this one.
Brussels, by contrast, wants more of these deals. It signalled as much last week with plans to ease merger rules. But, as the boss of a US bank recently told DD, the EU remained a conglomerate of 27 villages, each reluctant to cede control of its own patch.
Ironically, Deutsche Telekom chief Tim Höttges may find an unlikely ally in EU regulators, the same ones he long criticised for blocking deals. This time they could end up on his side.
After Hours Summary: INTC +19.5% up big on earnings; also moving on earnings is MXL +30.8%, WKC +22.1%, SAP +7%, FIX +6.5%; COUR -11.2%, BYD -6.2% lower on earnings;
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MXL +30.8%, WKC +22.1%, INTC +19.5%, CHE +10.2%, CSL +7.2%, SAP +7%, FIX +6.5% (also increases dividend), APPF +6.4%, RHI +4.8%, UVE +4.1%, EW +3.5%, PINE +3.5%, SLM +3.1%, OCFC +2.3%, CUBI +1.6%, ENVA +1.1%, VRSN +0.4%, ASB +0.2%
Companies trading higher in after hours in reaction to news: ARM +7% (in sympathy with strong INTC earnings), AMD +6.1% (in sympathy with strong INTC earnings), WKHS +3.4% (signs binding settlement term sheet), SES +3.3% (names new CFO), RKLB +1.8% (announces next-generation High-Performance Star Tracker), ATOM +1.6% (expands collaboration with SNPS to advance GaN device modeling), BMRN +0.9% (France regulator grants clearance for merger with FOLD), ITRG +0.9% (Q1 operational update), ZIM +0.7% (CFO to step down; names new CFO), NKE +0.6% (to eliminate 1400 jobs, according to CNBC), SNPS +0.3% (expands collaboration with ATOM to advance GaN device modeling)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: COUR -11.2%, BYD -6.2% (also increases share repurchase authorization by $500 mln), NBTB -4.5%, MRTN -3.2%, EBC -2.5%, SSNC -2.1%, PECO -2%, ERIE -2%, KNSL -1.1%, KN -0.8%, SKYW -0.3%
Companies trading lower in after hours in reaction to news: SPIR -1.4% (5 mln share offering by selling shareholders), GD -1.2% (awarded a $196.5 mln Navy contract), NHI -1% (CFO to retire, names new CFO), ACHC -0.9% (CFO to step down, reaffirms Q1 and FY26 guidance), RBA -0.2% (early termination of Hart-Scott-Rodino waiting period for BigIron acquisition), SCHW -0.1% (to impose new account limits, according to Bloomberg), DUK -0.1% (Nuclear Regulatory Commission renews license for Robinson Nuclear Plant)