Wall Street's main indexes opened higher on Tuesday, led by a recovery in chip stocks after a recent selloff. Investors are now awaiting key technology earnings for insights into the artificial intelligence sector.
UBS analysts have identified Ambu, Coloplast, and Ottobock as having the most favorable risk-to-reward profiles in European MedTech, expecting the second quarter to mark a trough for the sector.
Defense contractors BAE Systems, Boeing, and Saab have signed an agreement to advance their bid to supply the UK with a new pilot training aircraft, planning to build the Boeing T-7-based system in Britain.
The investment bank argues investor sentiment on software has become 'too negative' after significant market underperformance. Morgan Stanley identified eight 'Overweight'-rated stocks, including Microsoft and Snowflake, as best positioned for growth.
Futures for Canada's S&P/TSX 60 index ticked higher as investors weighed hopes for a diplomatic resolution in the Middle East against new U.S. tariffs, with cooling domestic inflation providing a supportive backdrop.
An analysis of South Korean export data by Bernstein indicates Samsung's Q2 high-bandwidth memory revenue could surge 89% quarter-over-quarter, surpassing forecasts. The data points to a record-breaking month for the country's overall HBM shipments, a key component for AI accelerators.
Shares of the software giant fell after Morgan Stanley cut its rating to Equalweight, citing a growing disconnect between the company's AI initiatives and deteriorating subscription revenue trends.
Shares of the online travel company declined after BTIG lowered its rating to Neutral from Buy, citing risks from artificial intelligence eroding the platform's search traffic and a lack of clear strategic catalysts.
Spanish cooperative banking group Cajamar has expressed interest in a combination with Banco CTT, the banking unit of Portugal's postal service, according to a report. The move has prompted Banco CTT's parent company to evaluate strategic options for the business.
