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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.
Copper Rally Fuels $7.8B Surge in Freeport-McMoRan Market Value
Freeport-McMoRan (FCX) surged 7.64% to a record $76.66, adding $7.8B in market value as copper prices point to an $870M cash flow lift. Investors bet on prolonged supply tightness.
Costco's Medicare Push Could Tap 5M Members, But Economics Stay Vague
Costco and SCAN plan Medicare Advantage and supplement products for about 5 million eligible people, roughly 6% of its paid members. Shares rose 1.52% Friday, but enrollment and financial terms remain undisclosed.
SpaceX Share Unlock Tests SPCX Liquidity Near IPO Price
SpaceX's 319 million-share unlock pressured SPCX near its $135 IPO price. Shares closed at $136.97, with analysts split on valuation.
NCLH Shares Slide 9% as Cruise Sanitation Issue Adds to Demand Woes
Norwegian Cruise Line Holdings (NCLH) shares dropped 9.3% last week, pressured by a resurfaced CDC sanitation failure on the Norwegian Dawn and ongoing demand and yield challenges.
IBM Stock Soars 15% Post-Earnings, Nears Analyst Price Targets
IBM shares jumped 14.53% since July earnings, closing Friday at $235.68, just 3.92% below analyst targets. Software revenue rose 5% while infrastructure fell 7%.
Vertiv Stock Tumbles 10.9% on Yield Spike, AI Valuations Under Pressure
Vertiv (VRT) shares plunged 10.9% last week, wiping out $12.3 billion in market value, as a spike in Treasury yields challenged the AI infrastructure company's premium valuation.
QCi Shares Surge 9.6% But Cash Hoard Dominates Valuation
QUBT rose 9.58% Friday but ended the week lower. Cash and investments represent 64% of market value, with Q2 revenue of $5.6 million.
Visa Stock Nears Record as Services Revenue Jumps 33%
Visa shares climbed for a fourth session, closing within 0.78% of record highs, driven by a 33% jump in value-added services revenue.