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Fortescue Shares Extend Losses Amid Iron Ore Weakness, Jefferies Cuts Target
Fortescue Metals Group shares declined for a second consecutive session as iron ore prices remained under pressure. Analyst firm Jefferies reduced its price target on the stock.
NAB Shares Dip as RBA Minutes Cloud Rate Outlook; Q1 Update Awaited
NAB shares declined 0.44% to A$45.34 as the RBA minutes provided no clear direction on interest rates. The market's focus now shifts to the bank's first-quarter trading update scheduled for Wednesday.
ANZ Shares Dip on RBA Rate Hike Signals; Focus Shifts to Data
ANZ Group Holdings underperformed the broader market, closing 0.7% lower at A$39.36 after the RBA signaled further monetary tightening remains possible. The bank's strong quarterly profit was overshadowed by valuation concerns.
Golar LNG's High Valuation Faces Growth Test Amid $17B Backlog
Golar LNG's contracted backlog supports projected fourfold EBITDA growth by 2028, yet its premium valuation at 74.4x P/E presents significant risk if LNG demand falters.
Uber Eyes $1B European Expansion, Shares Await Post-Holiday Reaction
Uber shares closed lower Friday as the company announced a major European expansion for Uber Eats, targeting $1 billion in gross bookings over three years. Investors await Tuesday's market reopening for reaction.
Nebius Stock Surges 9% on AI Spending, Eyes Tuesday Test
Nebius shares surged 9.23% to $98.01 Friday following Q4 earnings that revealed aggressive $2.1 billion capital expenditure for AI data centers. Trading resumes Tuesday after the Presidents Day holiday.
AbbVie's $1.73 Dividend Payout Arrives Amid Regulatory and Market Headwinds
AbbVie shares gained 1.8% to close at $231.50 Friday ahead of a $1.73 per share dividend payment on Tuesday. The company faces regulatory challenges and competitive pressures despite solid quarterly revenue.
Qualcomm Faces Memory Chip Squeeze as DRAM Prices Surge 75%
Qualcomm shares rose 1.6% to $140.70 on Friday before the holiday pause, as a sharp rise in memory chip costs threatens smartphone makers and suppliers. The company has previously warned that tighter memory supply could dampen handset demand.
Palo Alto Networks Braces for 8% Earnings Volatility Amid CyberArk Integration
Palo Alto Networks stock closed at $166.95 Friday, up 2.5%, with options pricing an 8.3% swing around Tuesday's earnings report. The cybersecurity firm recently completed its CyberArk acquisition.
Shopify Launches $2 Billion Buyback Amid AI Commerce Debate
Shopify Inc. shares closed at $112.70, up 1.8%, ahead of a $2 billion buyback launch. Markets are closed Monday for Presidents Day, with focus on AI-driven shopping agents and capital allocation.
CoreWeave Confronts Legal Deadline Ahead of Q4 Earnings Report
CoreWeave navigates a securities lawsuit deadline while investors await quarterly results. Shares closed at $96.04 ahead of the Washington's Birthday market holiday.