News
FedEx (FDX) reports Q4 FY2026 results Tuesday after market close — its first earnings since spinning off FedEx Freight on June 1. Consensus calls for EPS of ~$5.91 and revenue of ~$24.18B, with 21 analysts averaging a $412.45 price target.
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SpaceX (SPCX) surged 67% above its $135 IPO price within days of its historic debut — then gave most of it back. The stock fell roughly 16% on June 22, marking its third consecutive losing session.
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AbbVie is acquiring clinical-stage biotech Apogee Therapeutics for $135.11 per share in cash — a 49% premium — betting big on its anti-IL-13 antibody zumilokibart for atopic dermatitis and asthma. Apogee shares surged ~48% premarket Monday.
Deep Dive
TSMC's Q1 FY2026 revenue surged 40.6% YoY with a 66.2% gross margin and net income up 58.3% — the eighth consecutive quarter of double-digit profit growth. The market isn't valuing a foundry; it's pricing the essential manufacturing backbone of the entire AI era.
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Comtech (CMTL) announced a $157.5M sale of its satellite and space communications business to Israel's Gilat, with net proceeds of ~$143M–$145M earmarked for debt repayment. The deal — not the mixed quarterly earnings — drove a ~9.5% stock gain on June 15.
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Domo (DOMO) posted Q1 revenue of $79.4M, narrowly missing consensus, while its per-share loss came in better than expected. The bigger story: the board disclosed it is in advanced talks on a strategic transaction — sending shares down roughly 10% after hours.
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Dave & Buster's (PLAY) posted Q1 FY2026 revenue of $559.2M and adjusted EPS of $0.22, both well below consensus, as comparable-store sales fell 5.4%. Shares slid more than 13% in after-hours trading despite adjusted free cash flow swinging to a positive $25.3M.
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Fiserv named Takis Georgakopoulos as CEO effective immediately, replacing Mike Lyons — who heads straight to Truist Financial as its new chief. The abrupt leadership swap sent FI shares down roughly 6–7% in premarket trading even as the company held its FY2026 guidance.
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Salesforce has signed a definitive agreement to acquire Fin — the AI customer service company formerly known as Intercom — for approximately $3.6 billion, or roughly 9x ARR. The deal is expected to close in Salesforce's fiscal Q4 2027, with CRM shares edging higher on the news to snap a…
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American Express is buying TheFork — Tripadvisor's European restaurant reservation platform — for roughly $700 million in cash. The deal would push Amex's total bookable venues to ~75,000 and sent TRIP shares up ~14%.
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Olin (OLN) and Huntsman (HUN) have agreed to a merger of equals — an all-stock, no-cash deal that creates OlinHuntsman Corporation with roughly $12.5B in combined 2025 revenue. HUN dropped ~10% premarket on the news.
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Qualcomm is reportedly in early talks to buy AI chip startup Tenstorrent for $8B–$10B, per The Information. The deal is unconfirmed, but QCOM still rallied ~4.3% on Monday.