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Good morning!
US stock futures were mixed on Monday as investors awaited major bank earnings on Tuesday. Dow futures rose 0.10%, S&P 500 futures gained 0.02%, while Nasdaq futures slipped 0.04%, following a record-setting week for Wall Street.
Investor optimism over corporate earnings growth persisted despite concerns about an AI bubble, elevated Treasury yields, and geopolitical risks.
Oil prices declined following reports of a Russia-Ukraine agreement to avoid attacks on energy infrastructure, with Brent crude trading near $103 per barrel and WTI around $91.
Investors also looked ahead to US inflation and retail sales reports due Wednesday and Thursday, respectively.
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J-Star Holding Co Ltd (YMAT) stock soared 175.98% to $3.56 in pre-market trading after announcing that its ongoing corporate capital initiatives are strategically designed to fund the upcoming establishment of its automated carbon fiber production facility in Houston, Texas.
VCI Global Ltd (NASDAQ: VCIG) shares are trading up 64.93% at $0.84 at the time of writing after providing clarification on its recent SEC Form D filing related to a US$125 million standby EPA with Hudson Global Ventures, LLC.
First Tracks Biotherapeutics Inc (TRAX) grew over 15.38% at $36.75 in pre-market trading today ahead of the announcement of top-line Phase 1b trial data for ANB033, its CD122 antagonist being developed for celiac disease.
SkyAI Inc (SKYA) jumped about 18.13% to $2.15 in pre-market trading Monday after announcing intention to commence cash tender offer to purchase common stock and pre-funded warrants at $3.00 per Share/pre-funded warrant.
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Top Upgrades & Downgrades |
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Robert W. Baird turned bullish on Humana Inc (HUM), upgrading the stock to Outperform and assigning a $596 price target, representing potential upside of 38.00% from Friday's close.
Fastly Inc (FSLY) has won the favor of Oppenheimer's equity research team. The firm upgraded the shares from Perform to Outperform and moved its price target to $35, suggesting 19.45% additional upside for the stock.
Houlihan Lokey Inc (HLI) received an upgrade from analysts at Citizens, who also set their one-year price target on the stock to $175. They changed their rating on HLI to Mkt Outperform from Mkt Perform in a recently issued research note.
Barclays reduced its rating on South Bow Corp (SOBO) stock to Underweight from Equal Weight and assigned the price target to $33.
Keefe Bruyette analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Genworth Financial Inc (GNW) has been changed to Mkt Perform from Outperform and the new price target is set at $11.
Analysts at JP Morgan downgraded DuPont de Nemours Inc (DD) stock to Neutral from Overweight, and the new price target is set at $145.
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Corebridge Financial Inc (CRBG) 10% Owner, NIPPON LIFE INSURANCE CO declared the purchase of shares taking place on Oct 07 '26 at $34.4 for some 606912 shares. The transaction amount was around $20.88 million.
AH Realty Trust, Inc (AHRT) Director, Wimbush Frederick Blair bought on Oct 08 '26 a total of 633 shares at $5.99 on average. The purchase cost the insider an estimated $3,789.
Vistra Corp (VST) EVP and CFO, Moldovan Kristopher E. announced the sale of shares taking place on Oct 07 '26 at $165 for some 20000 shares. The total came to more than $3.3 million.
Aflac Inc (AFL) 10% Owner, Japan Post Holdings Co., Ltd. sold on Oct 07 '26 a total 12000 shares at $112.8 on average. The insider’s sale generated proceeds of almost $1.35 million.
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Top Upcoming US earnings releases include FB Financial Corp (FBK). It will announce its September 2026 financial results. The company is expected to report earnings of $1.21 per share from revenues of $181.59M in the three-month period.
Analysts expect Albertsons Companies Inc (ACI) to report a net income (adjusted) of $0.33 per share when the company releases its quarterly results tomorrow. Revenue for the fiscal quarter ended August 2026 is predicted to come in at $18.86B.
AZZ Inc (AZZ), due to announce earnings after the market closes tomorrow, is expected to report earnings of $1.84 per share on revenues of $463.44M for the recently concluded three-month period.
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That's it for today. Thanks for reading. Good luck out there!
Best Regards,
Stocks Telegraph Team
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Disclaimer:
Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.
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