Today: 20 June 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

Hormel Stock Pops Before the Bell After a Protein-Fueled Earnings Surprise

Hormel Stock Pops Before the Bell After a Protein-Fueled Earnings Surprise

Hormel Foods shares rose 6.8% in premarket trading after beating quarterly sales and profit estimates, reporting $2.97 billion in net sales and 40 cents adjusted earnings per share. Organic net sales increased 3%, while segment profit climbed in retail, foodservice, and international divisions. The company reaffirmed its 2026 sales and adjusted EPS outlooks but lowered its GAAP EPS view due to a turkey business sale. Retail volume dropped 2%.
28 May 2026
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Azul set to return to NYSE June 1; Veris departure confirmed

Azul set to return to NYSE June 1; Veris departure confirmed

Azul S.A. will move its American depositary shares to NYSE American on June 1 under the ticker AZUL, leaving OTC Markets. The airline exited Chapter 11 in February, cutting debt by $2.5 billion and raising $1.375 billion in new funding. Veris Residential Inc. has stopped trading on the NYSE after a $3.5 billion buyout by Affinius Capital and Vista Hill Partners. Veris has been delisted and removed from major S&P indexes.
28 May 2026
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U.S. drone stocks jump with Trump Pentagon funding talks under way

U.S. drone stocks jump with Trump Pentagon funding talks under way

The Trump administration is in talks to fund U.S. drone companies including Unusual Machines and Neros, the Wall Street Journal reported, sending Unusual Machines shares up 39% premarket. Over $74 billion is proposed for drone and counter-drone tech in the Pentagon’s 2027 budget, triple last year’s amount. Talks involve debt and equity options but are not final. Reuters could not immediately verify the Journal’s report.
28 May 2026
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Micron’s $1 Trillion AI-Memory Bet Faces New York Test

Micron’s $1 Trillion AI-Memory Bet Faces New York Test

Micron Technology shares fell 1.82% to $911.48 in premarket trading Thursday after closing at $928.41, despite recently surpassing a $1 trillion market cap on AI demand and analyst upgrades. The company reported fiscal Q2 revenue of $23.86 billion and forecast Q3 revenue of $33.5 billion. U.S. futures edged lower as traders watched Iran headlines and awaited inflation data.
28 May 2026
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Ford Shares Reach 2022 Peak, and It’s Not Because of Cars

Ford Shares Reach 2022 Peak, and It’s Not Because of Cars

Ford shares closed at $15.88 Wednesday, their highest since August 2022, after jumping 3.7% as investors focused on its new energy-storage unit. Ford Energy signed a five-year deal with EDF for up to 20 GWh of stationary battery storage, with deliveries starting in 2028. The S&P 500 and Nasdaq set new closing highs. Ford stock is up about 28% in two weeks.
28 May 2026
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IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Limited shares fell 3.6% to $65.41 in premarket trading Thursday after surging 13.48% Wednesday on news of a $1.6 billion deal with Dell for Nvidia Blackwell systems. The hardware will support IREN’s $3.4 billion AI cloud contract at its Texas campus. The deal was signed May 19, with Dell to be paid within 30 days of each shipment. Wall Street responded as B. Riley Securities raised its price target to $88.
28 May 2026
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Verra Mobility Tumbles After Avis Deal Ends, Street Rethinks Outlook

Verra Mobility Tumbles After Avis Deal Ends, Street Rethinks Outlook

Verra Mobility shares steadied near $4 premarket Thursday after plunging 70.6% on news Avis Budget Group will end a major contract in September. The company cut its 2026 revenue forecast by about $135–$145 million and expects segment profit to fall by $120–$125 million. Analysts at JPMorgan, Deutsche Bank, Morgan Stanley, and Baird downgraded the stock and slashed price targets.
28 May 2026
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Hoth Therapeutics Changes Name to Rocket One, RKTO Stock Moves

Hoth Therapeutics Changes Name to Rocket One, RKTO Stock Moves

Rocket One Inc., formerly Hoth Therapeutics, began trading under the new Nasdaq ticker RKTO Thursday after a rebrand and pivot to AI chip technology for space. Shares jumped 47% pre-market to $1.999, following a 92% surge in the previous session. The company retains its biotech pipeline under a subsidiary but highlights early-stage tech, capital needs, and going-concern risks in filings.
28 May 2026
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Intel slips ahead of inflation numbers, AI momentum cools

Intel slips ahead of inflation numbers, AI momentum cools

Intel shares fell 1.4% to $121.77 on Wednesday and traded at $119.70 after hours ahead of Thursday’s session. Reuters reported ByteDance is developing its own CPUs as Intel and AMD raised prices 10% to 35% in recent months. The Philadelphia Semiconductor Index dropped 1.4% after hitting a record high. U.S. stock futures declined Thursday as traders watched inflation data and U.S.-Iran tensions.
28 May 2026
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American Airlines Faces New Index Setback at the Open

American Airlines Faces New Index Setback at the Open

FedEx Freight will replace American Airlines in the Dow Jones Transportation Average before the market opens June 1, S&P Dow Jones Indices said Wednesday. American Airlines shares closed at $14.92, up 0.5%, trailing gains by United, Delta, and Southwest. CEO Robert Isom said the company will keep its lowered 2026 profit target despite higher fuel costs. American expects second-quarter revenue up 15% with 5% more capacity.
28 May 2026
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Plug Power Shares Jump, Cash Burn Still a Concern

Plug Power Shares Jump, Cash Burn Still a Concern

Plug Power shares closed Wednesday up 7.8% at $4.14, trading near a 52-week high on heavy volume. The company reported a first-quarter net loss of $245.3 million and burned $150 million in cash, despite revenue rising 22% to $163.5 million. Asset sales totaling $181 million are expected by June. Analyst targets average $3.62, below the current price.
28 May 2026
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Redwire Stock Just Jumped 27% — The $498 Million Number Traders Can’t Ignore

Redwire Stock Spikes as SpaceX Trade Hits Early Test

Redwire shares fell in premarket trading Thursday to around $23.25 after closing Wednesday at $24.00, up 8.9%. The drop followed a rally in space stocks tied to anticipation of SpaceX’s IPO, which Reuters reports could value SpaceX at $1.75 trillion. Redwire’s latest news includes a $15 million Army drone order and a high-eight-figure contract from a NATO country. The company posted a Q1 net loss of $76.5 million on $97 million revenue.
28 May 2026
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Unusual Machines Stock Surges Premarket as Pentagon Drone Funding Report Puts UMAC Back in Focus

Unusual Machines Stock Surges Premarket as Pentagon Drone Funding Report Puts UMAC Back in Focus

Unusual Machines (UMAC) surged over 30% in premarket trading Thursday after reports that the Trump administration is in talks to fund U.S. drone makers, including UMAC. The stock closed Wednesday at $18.83, up nearly 9%, and was indicated around $24.90 before the bell. UMAC also cited a partner’s selection for Phase II of the Pentagon’s Drone Dominance Program.
28 May 2026
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Meta Paywall Move Rattles Shares

Meta Paywall Move Rattles Shares

Meta shares rose 3.74% to $635.25 Wednesday after launching new paid plans for Facebook, Instagram, WhatsApp, and Meta AI. The company raised its 2026 capital spending outlook to $125–$145 billion, citing higher costs for data centers and chips. Instagram Plus and Facebook Plus are priced at $3.99 per month, WhatsApp Plus at $2.99. Ads remain Meta’s main revenue source, with $55.02 billion last quarter.
28 May 2026
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Stock Market Today

  • Energy Fuels (TSX:EFR) Stock Potentially Undervalued by 43.7% After $725M U.S. Financing
    June 20, 2026, 8:34 AM EDT. Energy Fuels (TSX:EFR) secured a conditional US$725 million financing commitment from the U.S. Office of Strategic Capital to expand its critical minerals and rare earth metals capacity. The stock surged over 16% following the announcement, pushing its 1-year total shareholder return above 200%. A fair value estimate places the stock at CA$41.63, suggesting it is 43.7% undervalued compared to the recent CA$23.42 closing price. Expansion of the White Mesa Mill could position Energy Fuels as a key western supplier amid rising demand due to supply chain security and electrification trends. However, risks remain from feedstock supply and project approvals. The current price-to-sales ratio of 48.6 times signals valuation risk if growth expectations are not met.

Latest articles

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 20.06.2026

20 June 2026
LIVEMarkets rolling coverageStarted: June 20, 2026, 4:00 AM EDTUpdated: June 20, 2026, 8:43 AM EDT Energy Fuels (TSX:EFR) Stock Potentially Undervalued by 43.7% After $725M U.S. Financing June 20, 2026, 8:34 AM EDT. Energy Fuels (TSX:EFR) secured a conditional US$725 million financing commitment from the U.S. Office of Strategic Capital to expand its critical minerals and rare earth metals capacity. The stock surged over 16% following the announcement, pushing its 1-year total shareholder return above 200%. A fair value estimate places the stock at CA$41.63, suggesting it is 43.7% undervalued compared to the recent CA$23.42 closing price. Expansion of the
JBS shutdowns put pressure on U.S. beef as cattle prices rise

JBS shutdowns put pressure on U.S. beef as cattle prices rise

20 June 2026
JBS USA will close its Souderton, PA, and Memphis, TN, meat plants on August 14, cutting 1,693 jobs as tight cattle supplies drive negative U.S. beef margins; USDA data show beef prices up 14.8% year-over-year and forecast to rise another 12.1% in 2026, signaling ongoing cost pressure for packers and consumers.
TSMC Leads Nvidia in Short Week Chip Gains

TSMC Leads Nvidia in Short Week Chip Gains

20 June 2026
TSMC’s U.S.-listed shares soared 6.9% to $462.12, outpacing Nvidia’s 3.0% gain, as investors favored broad chip manufacturing exposure after an interim U.S.-Iran deal eased inflation fears and Taiwan’s central bank raised its 2026 economic-growth forecast to 9.45% on AI-driven semiconductor demand.
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