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Merck (MRK) Stock Gets New Outperform Rating from CICC
Insider Monkey55d agobullish
Merck (MRK) Stock Gets New Outperform Rating from CICC

Merck & Co., Inc. (NYSE:MRK) is included among the 10 Reliable Dividend Stocks to Buy for Long-Term Investors. On June 24, CICC initiated coverage of Merck & Co., Inc. (NYSE:MRK) with an Outperform rating. It also set a $138 price target on the stock. Merck also provided an updated outlook during its first-quarter 2026 earnings call. […]

Why Is Chewy (CHWY) Stock Soaring Today
StockStory55d agobullish
Why Is Chewy (CHWY) Stock Soaring Today

Shares of e-commerce pet food and supplies retailer Chewy (NYSE:CHWY) jumped 6.6% in the afternoon session after Adobe reported that Amazon Prime Day drove $8.3 billion in U.S. online sales, marking the biggest shopping day of the year so far.

JPMorgan Upgrades IBM on Stronger Software Growth Expectations
Insider Monkey55d agobullish
JPMorgan Upgrades IBM on Stronger Software Growth Expectations

International Business Machines Corporation (NYSE:IBM) is included among the Top 10 Blue Chip Stocks with Growing Dividends. On June 23, JPMorgan upgraded International Business Machines Corporation (NYSE:IBM) to Overweight from Neutral. It also raised its price target on the stock to $291 from $270. The upgrade follows the firm’s analysis of IBM’s software business, which […]

Why Is American Airlines (AAL) Stock Soaring Today
StockStory55d agobullish
Why Is American Airlines (AAL) Stock Soaring Today

Shares of global airline American Airlines (NASDAQ:AAL) jumped 7.1% in the afternoon session after U.S. West Texas Intermediate (WTI) crude futures fell below $70 per barrel for the first time since early March. Oil prices continued a steep decline, with WTI dropping 3% to $69.84 and Brent crude falling to $74. This marked the lowest level since before the Middle East conflict escalated in late February. Jet fuel is the second-largest operating expense for airlines, often accounting for 20-30% o

Stocks Rally as Micron Revives AI Trade
Bloomberg55d agobullishVIDEO
Stocks Rally as Micron Revives AI Trade

Stocks in Asia climbed alongside US equity futures after Micron Technology Inc.'s blowout sales outlook reignited confidence in the artificial-intelligence trade. Bloomberg's Anthony Stephens has the context on how the AI sector is trending.

South Korean chip shares surge after Micron flags strong AI-related demand
Reuters55d agobullish
South Korean chip shares surge after Micron flags strong AI-related demand

South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron ‌Technology's quarterly results and forecast beat expectations, boosting optimism ‌over sustained demand for AI-related chips. Shares of SK Hynix and Samsung Electronics rose ​as much as 11.6% and 6.2%, respectively, in early trade, tracking a rally in U.S. chip stocks after Micron's earnings and outlook reinforced confidence in the memory sector. The rally also followed SK ‌Hynix's announcement on Wednesday ⁠of plans to raise up to 45.45 trillion won ($29.52 billion) through a secondary listing on Nasdaq, ⁠as it seeks to capitalise on strong investor appetite for AI stocks.

Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
Reuters55d agobullish
Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally

Shares of chipmakers surged late on Wednesday, adding over $400 billion in market ‌value after strong forecasts from Micron Technology and Qualcomm ‌breathed fresh life into Wall Street's recently waning AI stock rally. Micron surged ​12% in extended trade after forecasting quarterly earnings above analysts' estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips. Also after the bell, Qualcomm ‌said it expects $15 billion ⁠in sales from its data center business by 2029 as it moves beyond its core smartphone ⁠chip business and shifts its focus to AI.