Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
May Mobility to go public via $1.4B SPAC merger, listing on Nasdaq as 'MAY'
May Mobility, an autonomous ride-hailing company, is going public via a $1.4 billion merger with SPAC ACP Holdings. The combined company wil
Meritage Homes downgraded as rising mortgage rates threaten demand
Truist downgraded Meritage Homes to hold, citing rising mortgage rates near 7% that could cool demand. The analyst warns the builder may nee
Electra's nickel refinery plan advances as Nasdaq grants reprieve
Electra Battery Materials released early engineering results for its nickel refinery, showing potential recoveries above 97% for nickel and
BofA keeps underperform on Saudi Kayan on valuation, debt, shipping costs
BofA Global Research has reiterated its underperform rating on Saudi Kayan Petrochemical, flagging an expensive stock and heavy debt load. T
BofA Cuts Sipchem Price Target but Keeps Buy Rating on Volume Growth
Bank of America cut its profit forecasts for Saudi chemicals maker Sipchem and lowered its price target to 16.5 riyals, yet kept a buy ratin
BofA keeps Yansab underperform, raises target to 30 riyals
BofA Global Research kept its bearish stance on Yansab, raising its price target to 30 Saudi riyals. The bank warns that China-led oversuppl
Hero Motors' $104M IPO fully subscribed on day one, led by retail investors
Hero Motors' $104.2 million IPO was fully subscribed on its first day, powered by retail investors. Institutional participation was minimal,
Paytm stock nears IPO price after strong quarter and UPI fee talk
Paytm's stock is back near its 2,150-rupee IPO price after a strong quarter. A proposed 0.4% UPI fee on large merchant transactions could ad
McLaren's £500M bet: new SUV, in-house engines, and a Ferrari-style push
McLaren will spend £500 million on a new assembly plant, in-house engines and transmissions, and its first SUV. The move follows a post-acqu
BofA sees urea prices supported into 2027, trims Sabic Agri-Nutrients target
Bank of America sees urea prices staying supported into 2027 on strong Indian imports and elevated gas costs, even as it trims its price tar
Barratt Redrow trims FY27 home completion target as mortgage costs bite
Barratt Redrow has cut its FY27 home completion forecast to 17,500-17,900 units, blaming elevated mortgage rates for dampening buyer confide
Grenergy and Técnicas Reunidas launch €50M buybacks as ACS units win global contracts
Two Spanish firms, Grenergy and Técnicas Reunidas, each authorized €50 million share buybacks. Meanwhile, ACS-linked units continued to win