Shares of Nio (NYSE:NIO | NIO Price Prediction) are down 4% to $3.92 in early Wednesday trading after J.P. Morgan cut the stock to Neutral from Overweight and lowered its price target to $4.50 from $7.00.
Meta's $18 billion trial settlement could see it accelerate the launch of new AI products. Analysts note that tech firms often unleash a wave of products after resolving substantial lawsuits.
A global bond selloff pushed the 10-year Treasury yield to 4.79% this afternoon, above its prior 52-week high of 4.75% set on July 31.
Robinhood Markets (NASDAQ:HOOD) stock is up 0.8% to trade at $106.66 following an upgrade to "Overweight" from "Equal Weight" at Morgan Stanley.
Robinhood Markets HOOD shares rose in premarket trading on Tuesday after Morgan Stanley upgraded the online trading platform to Overweight from Equal-weight and raised its price target to $150 from $124. The upgrade came even as broader cryptocurrency-related stocks declined, with Coinbase and Strategy trading lower in premarket activity.
Prediction markets, increased trading activity and growing assets led one Wall Street bank to boost its rating on Robinhood Markets even as cryptocurrency volumes decline.
Shares in Reckitt Benckiser Group PLC (LSE:RKT, OTCQX:RBGLY), the consumer goods company behind Dettol and Nurofen, rose over 4% on Tuesday as investors digested a legal win for its Mead Johnson unit and a JP Morgan upgrade to overweight. The upgrade came in a wider note on European consumer staples published by JP Morgan analyst Celine Pannuti on Tuesday.
JP Morgan expects investors to react positively to Prudential PLC (LSE:PRU) half-year results, after the insurer reaffirmed its full-year growth targets despite a slower first-half performance. The bank, whose analyst Farooq Hanif rates the insurer overweight with a price target of 1,480 pence, said new business profit rose 8% at constant exchange rates in the first half of 2026.
Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk says that the commercial spaceflight company could exceed $3 trillion in revenue by 2033.
Marks and Spencer Group PLC (LSE:MKS) and Primark, owned by Associated British Foods PLC (LSE:ABF), sit on opposite sides of a shifting UK retail divide created by recent heatwave trading, according to JP Morgan. At the heart of the research, is a clear net benefit from recent UK high temperatures, with online clothing growth expanding strongly even as physical store footfall declined.
SpaceX stock (NASDAQ: SPCX) climbed back above their IPO price on Wednesday as investors assessed a $100 billion Louisiana expansion that could increase Starship launch capacity. The stock closed at $139.63, up 1.2%, versus the $135 price of its June IPO.
Kinder Morgan delivered record Q2 net income and adjusted EBITDA and raised 2026 guidance, yet shares remain 11% below their 52-week high. KMI benefits from surging U.S. natural gas demand, with a $9.6B backlog, 40% market share in gas transport, and robust contracted cash flows. The 3.8% dividend yield is covered over 2x by distributable cash flow, with leverage at 3.6x and self-funded growth supporting further dividend increases.