>>> US After Hours Summary: GME +7.8%, PANW +2.3%, ULTA +0.8% higher on earnings

After Hours Summary: GME +7.8%, PANW +2.3%, ULTA +0.8% higher on earnings; YEXT -13.8%, GTLB -6.9% lower on earnings

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: GME +7.8% (also authorizes new $2 bln share repurchase program), PANW +2.3%, ULTA +0.8%

Companies trading higher in after hours in reaction to news: CTKB +3.6% (to unveil next-gen spectral flow cytometry innovations at CYTO 2026), NTSK +1.9% (joins Anthropic's Project Glasswing), SHOP +1.1% ($3 bln increase to share repurchase program), HYMC +0.9% (results from its S-K 1300 Technical Report Summary and Initial Assessment at the Hycroft Mine), RTX +0.1% (awarded a $515.8 mln modification to Navy contract)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: YEXT -13.8%, GTLB -6.9% (also restructuring plan, includes 14% workforce reduction; to exit 22 countries)

Companies trading lower in after hours in reaction to news: NRXP -20.1% (stock offering), TTI -12.5% (commences $100 mln stock offering), HGV -2% (launches 5 mln share offering), ARDT -1.1% (names new CEO), AIRG -0.8% (AIRG expands public safety and utility connectivity portfolio with FirstNet, built with AT&T), ARVN -0.6% (to re-prioritize its portfolio; to seek out-licensing agreement for any additional trials for ARV-806), PCVX -0.5% (doses first participant in Phase 1 Study evaluating VAX-A1), ODV -0.4% (shareholders to vote on name change to Osisko Gold), ASB -0.3% (stock offering by selling shareholders), T -0.2% (AIRG expands public safety and utility connectivity portfolio with FirstNet, built with AT&T), DUOT -0.1% (received $50.4 mln from the APR Energy asset sale), FLR -0.1% (awarded a $1.03 bln modification to Navy contract)

FT : ‘More greed than there is fear:’ Goldman CEO says risk appetite is strong

‘More greed than there is fear:’ Goldman CEO says risk appetite is strong
Comments underscore bullish Wall Street outlook that helped push S&P 500 to records on half of all trading days last month

Goldman Sachs chief executive David Solomon said he sees “more greed than there is fear” in financial markets as investors shrug off concerns around elevated asset prices, the high cost of oil and rising US inflation to drive stock prices higher. 

The comments from the investment banking boss underscore the bullish view on Wall Street that helped push the S&P 500 to record closing highs 11 times last month, half of all trading days. 

Solomon, speaking at the Economic Club of New York, was asked about the market’s ability to absorb upcoming mega initial public offerings for tech companies including SpaceX, OpenAI and Anthropic. The listings, on which Goldman hopes to play major roles, will be the largest IPOs of all time. Solomon said there was “plenty of liquidity in the system if the world continues to remain as optimistic”.

“I know when I say it, it will get quoted. But I think it’s definitely true and something for us to reflect on. We are definitely at a moment where there’s more greed than there is fear,” Solomon said. “That’s one of the reasons why people that need this capital are coming to the markets. Because the capital’s available.”

Solomon pointed to the relatively muted market reaction to Alphabet’s announcement of an $80bn equity raise — the stock was down roughly 2 per cent on Tuesday — as a sign of the market’s appetite to fund major growth projects. Goldman Sachs served as a placement agent and joint bookrunner on the deal. 

“This is the largest equity deal, largest follow-on equity deal that’s ever been done. The stock’s trading quite well,” Solomon said. “This is the first actual concrete data point for bringing something of this scale and it’s encouraging.”

While broadly upbeat on AI and the economy — he said a decade in the future with advances in AI the US would have “a very, very productive economy” with low unemployment — Solomon cautioned that the mood in markets “can turn into fear very quickly”. 

US stocks linked to the AI investment boom have posted massive gains in recent months, with the blue-chip S&P 500 last week closing out its longest weekly winning streak since December 2023. 

The tech-heavy Nasdaq Composite has surged 30 per cent since the end of March, driven by semiconductor groups and memory companies in particular. Software stocks have at the same time rebounded from a sell-off at the start of the year. 

Driven by record earnings, memory-maker Sandisk has led the pack, up some 630 per cent this year. Semiconductor manufacturer Micron, server maker Dell and chipmaker Intel have climbed 265 per cent, 250 per cent and 191 per cent respectively over the same period.

“The S&P 500’s 5 per cent first-quarter pullback seems like a distant memory,” Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, said in a note this week.  

>>> What to look at today - 2th of June 2026

Asian stocks recovered much of their decline as investors bought the dip after a pullback in the AI-driven rally that has been one of the market’s dominant themes this year. MSCI’s regional equity index trimmed earlier losses to trade little changed, holding near a record high. South Korea’s Kospi — a bellwether for AI investments — dropped 1.1%, recoverinfrom a drop of as much as 3.3% earlier. Contracts indicated European stocks to gain at the open. Nasdaq 100 Index futures also pared its earlier losses to fall 0.3%. Chinese technology stocks rose as Tencent Holdings Ltd. jumped 8.8%.  Brent crude pared some of Monday’s advance even as uncertainty over a US-Iran peace deal persisted. The commodity traded around $94.20 a barrel. That helped Treasuries edge higher as cheaper oil prices eased inflation pressures. Oil rose on Monday as US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu offered differing accounts of a call about the fighting in Lebanon, as the US struggled to get efforts toward a peace deal with Iran back on track. The conflicting accounts were the latest example of confusing signals on progress to end the war, now in its fourth month. Unbounded enthusiasm for the AI trade has propelled global equities to record highs, offsetting market volatility caused by tensions in the Middle East. While investors still see a path to a US-Iran agreement, fragile conditions in the Strait of Hormuz have kept energy prices in focus as a key driver of the near-term outlook for inflation and rates. Trump has regularly claimed that negotiations were advancing and close to reaching a deal as the ceasefire that began in April remained fragile. Iran disputed reports last week that an interim accord was close and on Monday said it would act with its proxies, dubbed the “Axis of Resistance,” against Israel if fighting in Lebanon continued. Elsewhere, the White House said it will reduce tariffs on agricultural equipment, such as combines and harvesters, in order to reduce costs for US farmers and manufacturers. Attention remained firmly on the AI rally and the demand for semiconductors.  The S&P 500 Index notched its eighth straight advance, its longest winning streak since May 2025.  The Philadelphia Stock Exchange Semiconductor Index, or SOX, is on pace for its best quarter ever after soaring about 70% in the past two months. Chips are the best-performing sector in the S&P 500 this year by a wide margin. In Asia, the yen was steady around 159.70 per dollar after Japanese Finance Minister Satsuki Katayama said authorities are ready to take steps as needed in the foreign exchange market. The comments came after the ministry disclosed the monthly intervention data on Friday.  Investors are also looking ahead to a fresh round of economic data, culminating in Friday’s May jobs report, for clues on the health of the US economy and the Fed’s policy path under new Chairman Kevin Warsh. US After Hours HPE +36.5% soaring on strong results and guidance; MCHP +10.4% on data center business update; CRDO -10.3% lower on earnings.

Nikkei -0.86% Hang Seng +1.72% CSI +1.08% Kospi -0.95% Shanghai +0.26% Shenzen +0.60%

Eur$ 1.1636 CNH 6.7591 CNY 6.7624 JPY 159.72 GBP 1.3464 CHF 0.7862 RUB 72.0955 TRY 45.9345 WTI$ 91.31 -0.92% Gold 4,518 +0.87% BTC 70,600 -1.09% ETH 1,993 -0.52%

S&P -0.27% Nasdaq -0.33% EuroStoxx +0.60% FTSE +0.23% Dax +0.52% SMI +0.57%

Macro :
- US Cuts Agricultural Equipment Tariffs Citing Rising Farm Costs
- Andrew Left Found Guilty in Case That Spooked Short Sellers

Keep an eye on :
- ABVX FP : Abivax Says Ulcerative Colitis Drug Met Goal in Late-Stage Trial
- ADEN SW : Japan FTC Probes Temp Agencies for Alleged Price-Fixing: Nikkei
- AD NA : Ahold ADRs Drop as Goldman Cuts to Neutral on US Challenges (1)
- AAPL US : Apple Readies Bill-Splitting Feature, Going Deeper Into Finance
- Anthropic IPO : Anthropic Confidentially Submits Draft IPO Filing to SEC
- ARM US : Memory Chip Supply Remains Constrained Across the Board: Arm CEO
- AVOL SW : Avolta Holder Richemont Offers About 7.3m Shares, Terms Show
- BARN SW : Barry Callebaut Targets 2%-4% Mid-Term Volume Growth
- BRK/A US : *BERKSHIRE HATHAWAY TO INVEST $10 BILLION IN ALPHABET
- BE US : Bloom CEO Has No Plans to Sell Shares After AI Investor Run-up
- BP/ LN : BP Backs Amanda Blanc to Lead Second Chair Search: FT
- CSG NA : CSG’s Federal Signs US Army Ammunition Deal
- EAGLES FH : Eagle Filters Group Offering of 37.7m Shares Prices
- ENGI FP : Engie Announces Signing of €1B Export Financing Facility
- GLEN LN : Colombia’s Cerrejon Coal Mine Halts Operations on Blockades
- GOOGL US : Alphabet to Raise $80 Billion in Equity Capital for AI Spending
- GOOGL US : Alphabet Offers Up to 6.75% Dividend on Mandatory Convert: Terms
- HIK LN : Hikma Pharmaceuticals to Invest $267m in Ohio Facilities
- KER FP : Kering Says Gianfranco D’Attis Named CEO of Alexander McQueen
- MGM US : *MGM WORTH $50-$55/SHARE BASED ON CAESARS M&A VALUATION: STIFEL
- NEX FP : Nexans Closes Purchase of Republic Wire in the U.S.
- NST US : Elliott Takes Stake in Miner Northern Star, Pushing for Review
- OPM FP : OPmobility to Build New Plant in Ohio
- CFR SW : Avolta Holder Richemont Offers About 7.3m Shares, Terms Show
- ROP SW : Roche Says FDA Accepts New Drug Application for Giredestrant
- ENR GY : Hallador Energy Buys 460 MW of Siemens Turbines for $350M
- SOI FP : Soitec, AT&S Austria Added to Stoxx Europe 600 Index

>>> Europe : Brokers Upgrades & Downgrades - 2th of June 2026

>>> Up
* ABN Amro GDRs Raised to Buy at ING; PT 40.50 euros
* Deutsche Post Raised to Buy at Kepler Cheuvreux
* IntegraFin Raised to Buy at Shore Capital; PT 400 pence
* Naturgy Raised to Hold at Bestinver; PT 28.25 euros
* Salzgitter Raised to Overweight at Morgan Stanley

>>> Down
* Voestalpine Cut to Equal-Weight at Morgan Stanley; PT 48 euros

>>> Initiation
* CoreWeave Rated New Outperform at BNP Paribas; PT $192
* DIA Reinstated Outperform at Grupo Santander; PT 52.30 euros
* PureTech Health Rated New Buy at Investec; PT 240 pence
* Rosebank Resumed Buy at Citi; PT 450 pence
* Securitas New Outperform at Oddo BHF, Improvement Not Priced In

>>> Call
* Citi’s Chew Sees Downside Risk on Extended US Stock Positioning
* Salzgitter Raised, Voestalpine Cut in Steel at Morgan Stanley

>>> Stoxx 600 Pre-Market Indications

  • Prosus (1TY TH) +4%
  • TUI (TUI1 TH) +1.8%
  • Wolters Kluwer (WOSB TH) +1.5%
  • Puma (PUM TH) +1.4%
  • Reckitt (3RB0 TH) +1.4%
  • MTU Aero (MTX TH) +1.1%
  • Renault (RNL TH) +1%
  • Lufthansa (LHA TH) +1%
  • Deutsche Post (DHL TH) +1%
  • Lotus Bakeries (7LB TH) -1.3%
  • BP (BPE5 TH) -1.4%
  • Ahold Delhaize (AHOG TH) -1.5%
    • Ahold ADRs Drop as Goldman Cuts to Neutral on US Challenges (1)
  • Var Energi (J4V TH) -1.6%
  • Abivax (2X1 TH) -24%
    • Abivax’s Obefazimod Meets Main Goal in Ulcerative Colitis Trial