Noon of the biggest move: Check out the companies that are creating Metsera. Biotech Company rose 5% after Leerink Partners called for it to launch its stock at an outperform valuation and double its stock. “The company’s platform and the pipeline of novel obesity peptide-based therapeutics offer significant advantages over competing assets,” the researcher said of Metsera. Kingsoft Cloud – Cloud name has been popped over 13% after upgrading to buy from Bank of America’s neutral. Banks have improved artificial intelligence and margins as drivers. “AI serves as a major growth driver for public cloud services (PCS), contributing to 39%/27% of public cloud services revenue/total revenue for 2Q25 (low digital percent revenue in 2023),” Bofa said. Brighthouse Financial – Shares surged over 11% after the Financial Times reported, with private equity firm Aquarian in discussions to raise funds for the insurance company’s acquisition, citing sources. ALBEMARLE – Lithium producers fell 11% after Chinese battery manufacturer Hyundai Ampelex Technology said it plans to resume operations at the Yichun mine soon. Pierilitium producers SQM and Lithium Americas fell by 8% and 4% respectively. UnitedHealth – The stock has revolved over 6% after the insurer said in a regulatory filing that most members expect to be enrolled in a highly rated Medicare insurance plan next year. FOX CORP. – The media empire fell 5.8% after the announcement that Murdoch Family resolved the battle of inheritance and Lachlan Murdoch had gained control of the company. Apple – iPhone makers fell 0.7% later today ahead of the annual Apple event. There will be several new products being announced. Nebius Group NV – After Nebius agreed to provide AI infrastructure to Microsoft, Nebius has surged by 44% in Nebrand-based infrastructure and service providers to AI builders. Dell Technologies – Shares have been eased 1.4% after Dell Technologies said Chief Financial Manager Yvonne McGill would resign on Tuesday. David Kennedy, finance now Senior Vice President of Global Business Operations, has been appointed interim CFO. Mission Produce – Avocado and mango suppliers were up 4% after third quarter revenue was estimated. The mission won 26 cents per share, excluding one-off items, with revenue of $357.7 million. Analysts who voted for FactSet projected earnings per share of 15 cents against $320 million in revenue. Casey’s General Stores – Midwest convenience store chains fell more than 1% after their first quarter results surpassed Wall Street estimates. Earnings of $5.77 per share exceeded the Factset Consensus forecast of $5.02, with revenues exceeding $4.57 billion, exceeding an estimated $4.466 billion. Stocks have already grown 19% in the past three months and 31% in the past six. – Reported by CNBC’s Michelle Fox, Lisa Han, Sarah Minh and Alex Hurling.
