Shares of Archer Aviation (NYSE:ACHR) rose after the company unveiled a new autonomous defense aircraft developed with Anduril and announced it would reveal its first commercial partners later this week.
The German industrial conglomerate has outlined a mid-term annual sales growth target of more than 4% for its materials trading division, tk accelis, which is slated for a spin-off.
Shares of major defense contractors like Northrop Grumman, Lockheed Martin, and RTX are drawing investor attention amid nine consecutive days of U.S. military strikes against Iran and a surge in Brent crude prices above $90 per barrel.
Coty Inc. has struck a $400 million deal to end its flagship Gucci Beauty license a year ahead of schedule, a move that will impact near-term earnings but enable the company to reduce debt and refocus its brand portfolio.
Barclays adjusted its ratings on several semiconductor stocks ahead of earnings, upgrading Lumentum due to its AI networking exposure while downgrading Allegro and Penguin, citing stretched valuations across the sector.
Shares of HubSpot fell sharply in pre-market trading after Wells Fargo downgraded the stock and cut its price target, citing a slowdown in software spending and increasing competition.
Saudi Arabia's Tadawul All Share Index closed with a modest gain on Monday, buoyed by strength in financial services and energy sectors, even as a majority of listed companies saw their shares decline.
Analysts at JPMorgan have identified Auction Technology Group and YouGov as their preferred stocks in the underperforming UK small and mid-cap internet sector, citing attractive valuations and company-specific catalysts for potential growth.
Bank of America analysts expect Apple to report fiscal third-quarter revenue and earnings above Wall Street consensus, though they caution a staggered iPhone launch could create volatility later in the year.
