BMO Capital is holding its 'market weight' stance on the global travel sector for 2026, noting that resilient high-end spending is being offset by softening demand from average consumers and a decline in air traffic.
Shares of the online used-car retailer fell sharply after its full-year adjusted EBITDA forecast fell significantly short of analyst expectations, overshadowing a revenue and earnings beat for the second quarter.
Meta Platforms shares fell sharply after its second-quarter earnings report revealed that a significant profit miss, collapsing margins, and massive AI-related spending overshadowed strong revenue growth.
Qualcomm shares fell sharply after the chipmaker issued a fourth-quarter profit forecast that missed analyst expectations, citing a faster-than-expected loss of business from Apple and an ongoing memory supply crunch.
Shares of the French pharmaceutical company declined after its second-quarter earnings report, as a miss in vaccine sales and pipeline concerns outweighed a revenue beat and raised full-year forecast.
The French airport operator's stock jumped after reporting first-half profitability that significantly exceeded analyst expectations, overshadowing a reduction in its full-year forecast for traffic and earnings.
Asia-focused equity hedge funds are on track for their worst month on record, falling an average of 18.6% as a sharp selloff in crowded AI bets erases significant year-to-date gains, according to a Goldman Sachs note.
Shares of the German sportswear giant suffered their largest single-day decline in over six years after a Q2 profit miss, heavy marketing spending, and a cautious outlook spooked investors despite record sales.
The French infrastructure giant saw its stock rise nearly 5% after reporting first-half 2026 results that surpassed analyst expectations, driven by strong performance in its energy unit and an 8% increase in its order backlog.
