Wolfe Research updated its airline sector outlook, noting that strong passenger demand and pricing are helping carriers weather the impact of rising jet fuel costs, leading to a mixed but resilient forecast.
Analyst firm Wolfe Research has identified Ford, Lear, and TE Connectivity as having positive setups for Q2 earnings, while flagging crowded investor positioning in names like GM and Stellantis.
Semiconductor equipment giant ASML confirmed its capacity expansion plans for 2027 and 2028 account for expected demand from Elon Musk's planned Terafab chip facility. The company also reported a nearly full order book for its advanced lithography systems for 2027.
Italy's Economy Minister announced the government's plan to sell its remaining stakes in domestic banks, including a 4.9% holding in Banca Monte dei Paschi di Siena. The move signals an end to the state's role as a public shareholder following earlier bailouts.
Investing.com reported its AI-driven stock selection model delivered a 29.5% year-to-date return, significantly outpacing the S&P 500. The firm has now released a new list of picks for the second half of 2026, showing a strategic rotation toward value-oriented sectors.
Cartier-owner Richemont reported first-quarter sales of €6.33 billion, well ahead of forecasts, sparking a broad rally in European luxury stocks including LVMH and Kering. The results were driven by a 24% jump in its jewelry division and accelerating growth in the Americas and Asia.
The flexible workspace operator announced the disposals after activist investor Saba Capital Management increased its stake to 29.1% and intensified its campaign for strategic changes.
Skandinaviska Enskilda Banken reported second-quarter earnings that surpassed analyst expectations, driven by record fee income and improved credit quality, sending its shares to a new 52-week high.
The Swedish biopharmaceutical company's shares jumped after its Q2 report revealed an all-time high in product sales, a 42% rise in royalties, and a confirmation of its full-year financial outlook.
