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Wells Fargo Rises 2.6% to $93.97 Amid Market Rebound, Eyes on Data and Conference
Wells Fargo shares gained 2.63% to close at $93.97 on Friday, trading ex-dividend for a $0.45 payout. Investors await key economic reports and a CFO presentation next week.
Merck Shares Approach 52-Week High on Canadian RSV Drug Approval
Merck stock gained 1.8% after Health Canada approved its ENFLONSIA RSV antibody for infants. Guggenheim raised its price target to $140, while insider sales were disclosed.
Toyota Shares Gain on Leadership Transition and Upgraded Profit Forecast
Toyota Motor shares advanced after the automaker elevated its full-year profit outlook and announced CFO Kenta Kon will succeed CEO Koji Sato in April. The company's U.S.-listed ADRs also climbed.
HSBC Shares Rebound as Bank of England Rate Cut Speculation Intensifies Ahead of Earnings
HSBC shares rose 2.2% on Friday, recovering from the previous session's decline as markets assess potential Bank of England policy easing. Investors await the bank's annual results on February 25.
LVMH Shares Drift Lower Ahead of Key U.S. Economic Data Releases
LVMH stock closed at €536.20, down 0.37%, as markets await delayed U.S. jobs and inflation reports next week. The luxury giant reported 497.7 million shares outstanding as of January 31.
Agricultural Bank of China Shares Dip Amid Tech Sell-Off, Inflation Data Looms
Agricultural Bank of China's A-shares fell 0.45% to 6.67 yuan as a global tech rout and silver futures decline weighed on risk appetite. Markets await China's January CPI data due February 11.
GE Aerospace Surges 4.8% on 31% Dividend Boost; Aviation Demand Soars Amid Supply Strains
GE Aerospace shares climbed 4.78% to $321 after announcing a 31% dividend increase to $0.47 per share. Trading volume exceeded the 50-day average as the stock neared its 52-week high.
Coca-Cola to Discontinue Frozen Products Ahead of Q4 Earnings Report
Coca-Cola will phase out its frozen product lines in North America by early 2026, as shares edge higher ahead of Tuesday's quarterly results. Options markets anticipate a 3% post-earnings move.
Cisco Gains Ahead of Earnings Amid Tech Sector Volatility
Cisco shares rose 3% to $84.82 Friday as investors positioned for quarterly results and key economic data next week. The company reports February 11 with analysts expecting $1.02 EPS on $15.12 billion revenue.
Alibaba's AI App Surge Drives Stock Gains Ahead of Earnings
Alibaba's U.S.-listed shares rose 3% after its Qwen AI app giveaway triggered massive demand and service disruptions in China. Investors now await the company's February 19 earnings report.
AMD Surges 8% in Chip Stock Rally Ahead of Key Economic Data
AMD shares rebounded 8.2% to $208.44 on Friday, recovering from a 13% weekly drop as semiconductor stocks led a market rally. Investors now await U.S. payrolls and CPI data next week, which could impact rate-sensitive tech valuations.