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PLS Secures Major Lithium Supply Pact with Canmax, Including $100M Prepayment and Price Floor
PLS Group shares gained after announcing a two-year spodumene supply agreement with Canmax Technologies, featuring a US$1,000 per tonne price floor and a US$100 million prepayment. The deal covers 150,000 tonnes annually from 2026.
CBA Shares Dip Ahead of Key Earnings Report, Margins Under Scrutiny
Commonwealth Bank of Australia shares fell 0.7% as investors awaited half-year results, with attention on net interest margins and the interim dividend schedule.
CSL Announces CEO Transition Ahead of Key Earnings Report
CSL shares gained 1.7% as CEO Paul McKenzie announced his retirement, with Gordon Naylor appointed interim chief. Investors await half-year results and a briefing on leadership succession.
Westpac Shares Slide on CIO Retirement Announcement Ahead of Key Banking Results
Westpac shares declined 1.8% following news that Chief Information Officer Scott Collary will retire this year. The broader banking sector softened ahead of Commonwealth Bank's earnings report, while consumer sentiment hit a 10-month low.
AI Energy Startup Tem Secures $75M, Hasbro Rally Analyzed, Micro-Cap Plummets
London's Tem raises $75M in Series B funding to expand its AI-driven electricity platform. Hasbro stock shows a 69% rally but DCF suggests undervaluation, while Finaxo Environnement drops sharply in thin trading.
Linde Shares Gain as Analysts Revise Targets Amid Strong Backlog Outlook
Linde shares rose 1.8% to $456.34 after analysts adjusted price targets, while the company projects robust 2026 earnings and maintains a record $10 billion project backlog.
Snowflake Shares Surge as Jefferies Defends AI Position, Calls Selloff Overdone
Snowflake stock climbed nearly 5% in extended trading after Jefferies reaffirmed its bullish stance, dismissing recent AI-related concerns as excessive. Investors now await key inflation data and the company's upcoming earnings report.
Vertiv Shares Gain in Extended Trading Ahead of Q4 Earnings Report
Vertiv Holdings saw its stock rise over 3% in after-hours trading Monday, as investors positioned ahead of its fourth-quarter and full-year results due Wednesday morning.
Merck Shares Drop on Insider Sale, Investors Await Key FDA Decision
Merck & Co. stock fell 3.5% amid an executive share sale and underperformance versus a broader market rally. Traders are focused on an upcoming FDA ruling for Keytruda's ovarian cancer expansion.
Applied Digital Ties Executive Compensation to Hyperscaler Leasing Targets, Shares Rally
Applied Digital shares surged 9.4% after the company linked executive stock awards to ambitious data-center leasing and profit milestones. An analyst raised the price target to $56 citing potential new hyperscaler contracts.
Costco Shares Edge Lower Post-Market Despite Bernstein Target Hike
Costco shares dipped slightly in after-hours trading, even as Bernstein raised its price target to $1,155. Investors await the retailer's quarterly results and February sales data due March 5.
Chevron Gains in Extended Trading as Oil Rises; Tengiz Field Nears Full Output
Chevron shares advanced 0.9% after hours, tracking a more than 1% climb in crude prices. The company's Tengiz field in Kazakhstan has restored output to about 60% of capacity, targeting full production by February 23.