Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
Promisia to buy Christchurch retirement village for NZ$25 million
Promisia Healthcare has agreed to buy Christchurch's Chatswood Retirement Village for NZ$25 million, adding 100 units to its portfolio. The
Solventum to spin off health IT unit as it lifts 2025 outlook
Solventum will spin off its health information systems business, a unit that generated 16.3% of 2025 sales, as part of a sharper turnaround
Accell files for insolvency as Europe's bike boom turns to bust
Accell, the Dutch bike maker behind brands like Sparta and Raleigh, has begun insolvency proceedings. The company, taken private by KKR in 2
Etsy cuts 12% of staff, adds $2B buyback in restructuring push
Etsy is cutting about 12% of its workforce, mostly in product and engineering, while adding a $2 billion stock buyback. The CEO says the lay
McDonald's overseas strength offsets US value missteps, UBS says
UBS says McDonald's global same-store sales held up in Q2 thanks to international markets, but inconsistent US value deals and marketing wei
RBC: Leidos' defense and homeland growth is still underpriced
Leidos beat Q2 expectations, but RBC Capital Markets thinks investors are still overlooking the contractor's defense and homeland security w
Eli Lilly's guidance lift boosts healthcare stocks, CVS slips
Healthcare stocks climbed Wednesday as Eli Lilly's strong results and raised 2026 guidance lifted the sector. CVS slid after overhauling its
Bodycote draws two near-matching private equity offers
Bodycote, a UK heat-treatment firm, has received two near-identical cash takeover approaches from CVC and Veritas, each valuing it at about
McDonald's drinks push gains overseas but US sales slip, RBC says
McDonald's is betting on beverages to lift sales, but RBC says the plan is hitting snags in the US even as it works overseas. Germany shows
Retail traders buy SpaceX's post-earnings dip, snapping up $22.7M in first hour
Retail traders bought $22.7 million of SpaceX shares in the first hour after the stock fell 12.9% post-earnings. The dip-buying was the thir
Morgan Stanley: Powersports 'beats' look thin once tariffs are stripped out
Polaris, Harley-Davidson, and Brunswick topped Q2 expectations and lifted 2026 outlooks, but Morgan Stanley says tariff refunds and softer Q
Morgan Stanley: Tinder selloff is overdone, raises Match price target
Morgan Stanley says the market overreacted to Match's weaker-than-expected Tinder user growth, pointing to improving trends into 2026. The b