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Good morning!
US stock futures steadied Wednesday as Treasury yields climbed to fresh multidecade highs, keeping inflation concerns in focus.
Dow futures rose 0.14%, S&P 500 futures gained 0.07%, while Nasdaq-100 futures slipped 0.04%. Oil prices stabilized in the mid-$90s per barrel, adding to market uncertainty as the Iran war entered its seventh month.
Meanwhile, traders sharply reduced expectations of an October Fed rate hike, with odds falling to roughly 50% from above 70% a day earlier.
Attention now turns to the PCE inflation report, with core PCE expected to remain at 3.3% year over year.
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ReTo Eco-Solutions Inc (RETO) stock soared 59.34% to $0.14 in pre-market trading after announcing that its board of directors approved a combination of its Class A shares, no par value, on a twenty-to-one basis.
Kala Bio Inc (NASDAQ: KALA) shares rose 23.23% to $0.62 after announcing a non-binding LOI to acquire a U.S.-based management services organization supporting a LegitScript-certified, NABP-accredited telehealth platform serving all 50 states.
FingerMotion Inc (FNGR) grew over 22.29% at $0.17 in pre-market trading today after announcing that it has entered into a definitive Share Purchase Agreement with individual shareholders of Newbit and Newbit Technology Inc.
Baiya International Group Inc (BIYA) jumped about 17.07% to $2.40 in pre-market trading Wednesday after announcing first half of fiscal year 2026 financial results.
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Top Upgrades & Downgrades |
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Melius turned bullish on Kroger Co (KR), upgrading the stock to Buy and assigning a $80 price target, representing potential upside of 31.60% from Tuesday's close.
Netflix Inc (NFLX) has won the favor of Deutsche Bank's equity research team. The firm upgraded the shares from Hold to Buy and moved its price target to $95, suggesting 35.14% additional upside for the stock.
Rezolute Inc (RZLT) received an upgrade from analysts at Craig Hallum, who also set their one-year price target on the stock to $7. They changed their rating on RZLT to Buy from Hold in a recently issued research note.
Wells Fargo reduced its rating on Carlyle Secured Lending Inc (CGBD) stock to Equal Weight from Overweight and assigned the price target to $11.
Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for FS KKR Capital Corp (FSK) has been changed to Underweight from Equal Weight and the new price target is set at $10.
Analysts at JP Morgan downgraded Monday.Com Ltd (MNDY) stock to Neutral from Overweight, and the new price target is set at $87.
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Coursera Inc (COUR) 10% Owner, Pale Fire Capital SE declared the purchase of shares taking place on Sep 29 '26 at $4.61 for some 1000000 shares. The transaction amount was around $4.61 million.
Prothena Corporation PLC (PRTA) 10% Owner, SCULLY WILLIAM P bought on Sep 28 '26 a total of 103500 shares at $8.6 on average. The purchase cost the insider an estimated $889,872.
Abeona Therapeutics Inc (ABEO) Chief Executive Officer, Seshadri Vishwas, announced the sale of shares taking place on Sep 29 '26 at $5.16 for some 19608 shares. The total came to more than $101,091.
Stonex Group Inc (SNEX) Chief Executive Officer, Smith Philip Andrew, sold on Sep 28 '26 a total 56250 shares at $65.69 on average. The insider’s sale generated proceeds of almost $3.69 million.
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Top US earnings releases scheduled for today include Micron Technology Inc (MU). It will announce its August 2026 financial results. The company is expected to report earnings of $31.82 per share from revenues of $51.47B in the three-month period.
Analysts expect Bassett Furniture Industries Inc (BSET) to report a net income (adjusted) of $0.12 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended August 2026 is predicted to come in at $83.05M.
Progress Software Corp (PRGS), due to announce earnings after the market closes today, is expected to report earnings of $1.52 per share on revenues of $247.32M 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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