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Steel Dynamics Surges 5% as Canada Tariff Impasse Boosts Steel Margin Outlook
Steel Dynamics (STLD) rose 5% premarket after US-Canada trade talks collapsed, keeping 50% tariffs on Canadian steel, which could boost domestic steel prices and margins.
Stellantis Shares Slide 3% on US-Canada Tariff Breakdown
Stellantis stock dropped 3% in Paris after US-Canada trade talks collapsed, wiping out 62% of last week's gains. Tariff costs of €1.0-1.2B threaten earnings.
Applied Optoelectronics Shares Tumble 12% on $600M ATM Offering
AAOI shares dropped 12% premarket after the company unveiled a $600M ATM equity offering, erasing $1.29B in market value and raising dilution concerns.
Cardinal Health Stock Slides 4.5% as Insider Sales Raise Buyback Doubts
Cardinal Health shares dropped 4.5% premarket after $60M in insider sales, sparking concerns about buyback support. Analysts stay optimistic with a $270.94 price target.
Micron Slips as Samsung's Payout Plan Falls Short, Exposing Crowded Memory Bets
Micron shares dropped 3% premarket after Samsung's dividend news disappointed, exposing crowded memory trades. Analysts still see upside, but NAND supply risks loom.
ASX Opens Flat as Miners Offset Banking Weakness
The ASX 200 opened flat as mining strength offset banking weakness. Strong results from PLS and Ampol were countered by ex-dividend drags and mixed bank earnings.
Seoul Chip Buybacks Counter Oil and Yield Pressures in Asia
Korea's top chipmakers launch ₩1.6tn buybacks to brace Seoul, but oil at $94 and a 4.73% US 10-year yield keep regional markets on edge.
Bitcoin Rally Boosts MicroStrategy Holdings Above Cost Basis
Bitcoin's 22% weekly surge has lifted MicroStrategy's (MSTR) bitcoin holdings above their average cost, with shares jumping 29% as the company's strategy gains traction.
Wolfspeed Tumbles 19% as AI Boom Fails to Close Revenue Gap
Wolfspeed (WOLF) shares plunged 19% last week to $25.76 after Q4 results showed AI-driven revenue growth still leaves a 34% annualized gap to breakeven. Analysts' average target is $16, a 38% downside.
SkyCity Surges 7.4% as NZ$30M Cost Cuts and Asset Sales Fuel Recovery Optimism
SkyCity (SKC) shares surged 7.4% after unveiling NZ$30M annual cost savings and asset sales, despite FY26 EBITDA falling 22.3%. Analysts see 55% upside.