Today: 3 February 2026
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Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

KLA stock touches a 52-week high as chip equipment shares climb ahead of earnings

KLA stock touches a 52-week high as chip equipment shares climb ahead of earnings

New York, Jan 12, 2026, 13:36 ET — Regular session KLA Corp shares climbed roughly 1.9% to $1,426.46 on Monday, hitting $1,428.51—marking their highest point in 52 weeks—as demand for chip-equipment stocks remained strong. (Investing) KLA’s quarterly results carry weight, as they often set the tone for semiconductor spending forecasts early in the year. The company plans to release its…
12 January 2026
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Rocket Companies stock slips after JPMorgan restarts coverage; CPI next in focus

Rocket Companies stock slips after JPMorgan restarts coverage; CPI next in focus

New York, Jan 12, 2026, 13:19 ET — Regular session Rocket Companies, Inc. shares fell roughly 1.6% to $22.91 in early Monday trading after JPMorgan brought back coverage, assigning a Neutral rating and a $24 price target. The stock hit $23.49 earlier, with volume around 18 million shares. (Investing) This matters since Rocket’s business hinges on mortgage demand, which can…
12 January 2026
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ServiceNow stock steadies after Goldman’s fresh “Buy” call as earnings near

ServiceNow stock steadies after Goldman’s fresh “Buy” call as earnings near

New York, Jan 12, 2026, 13:22 EST — Regular session ServiceNow shares ticked up on Monday following Goldman Sachs’ initiation of coverage, providing a rare lift after the stock dropped for two days straight last week. The shares last traded around $142.06, up about 0.2%. This matters as the workflow software company has been hovering near the low end of…
12 January 2026
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Visa stock slides as Trump’s 10% credit-card rate cap talk hits payments names

Visa stock slides as Trump’s 10% credit-card rate cap talk hits payments names

NEW YORK, January 12, 2026, 13:15 ET — Regular session Shares of Visa Inc dropped Monday, weighed down by investor selling following President Donald Trump’s call to cap credit-card interest rates for one year. By 1:15 p.m. ET, Visa had slipped $5.52, or 1.6%, to $344.25. Mastercard shares fell 1.8%, and American Express dipped 4.2%. The proposal zeroes in on…
12 January 2026
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IREN stock jumps nearly 9% today as Bernstein tags Nasdaq’s IREN a ‘top AI pick’

IREN stock jumps nearly 9% today as Bernstein tags Nasdaq’s IREN a ‘top AI pick’

New York, Jan 12, 2026, 12:30 EST — Regular session IREN Limited shares jumped roughly 9% to $50.05 by midday Monday, hitting an intraday peak of $50.84. The Nasdaq-listed stock gained $4.02 from Friday’s close, with around 29.2 million shares changing hands. The move is significant because IREN has quickly turned into a crowded bet straddling crypto and artificial intelligence.…
12 January 2026
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GE Vernova (GEV) stock jumps as GLJ lifts target to $1,087; Baird turns cautious on competition

GE Vernova (GEV) stock jumps as GLJ lifts target to $1,087; Baird turns cautious on competition

New York, Jan 12, 2026, 12:29 EST — Regular session Shares of GE Vernova Inc. climbed Monday after GLJ Research raised its price target to $1,087 from $805. Meanwhile, Baird downgraded the stock to Hold, cutting its target to $649. The stock was up 2.7% at $639.38 by midday, fluctuating between $614.33 and $644.73 earlier. Baird cited increasing competition from…
12 January 2026
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Nvidia stock gains on Eli Lilly $1 billion AI lab plan as traders eye TSMC, earnings

Nvidia stock gains on Eli Lilly $1 billion AI lab plan as traders eye TSMC, earnings

New York, January 12, 2026, 12:53 EST — Regular session underway. Nvidia shares climbed roughly 0.8% Monday following news the chipmaker and Eli Lilly plan to pour up to $1 billion into an AI lab designed to accelerate drug discovery over the next five years. Nvidia closed at $186.37, while Lilly edged up about 0.2% to $1,066.14. (Reuters) Wall Street…
12 January 2026
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XRP price stock today: Ripple token slips near $2 as Fed probe and U.S. crypto bill loom

XRP price stock today: Ripple token slips near $2 as Fed probe and U.S. crypto bill loom

New York, Jan 12, 2026, 12:51 (EST) — Regular session XRP dipped roughly 1% to near $2.07 on Monday, as traders digested new political uncertainty tied to the Federal Reserve and braced for a U.S. Senate crypto bill session scheduled for later this week. This move is significant because crypto is once again acting like a pure risk gauge. When…
12 January 2026
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Bitcoin price edges higher near $91,000 as Strategy buys $1.25B of BTC; Coinbase stock climbs

Bitcoin price edges higher near $91,000 as Strategy buys $1.25B of BTC; Coinbase stock climbs

New York, Jan 12, 2026, 12:45 EST — Regular session Bitcoin edged up Monday, along with a group of bitcoin-related stocks, as traders balanced a new Strategy buying surge against broader jitters over the Federal Reserve. The token climbed roughly 0.3% to $91,147. Coinbase (COIN) jumped 2.0%, and Strategy (MSTR) ticked up 2.1%. Miners Marathon Digital (MARA) surged 4.4%, with…
12 January 2026
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Qualcomm stock tumbles while chip ETFs rise — Apple modem fears return before CPI, earnings

Qualcomm stock tumbles while chip ETFs rise — Apple modem fears return before CPI, earnings

New York, January 12, 2026, 12:39 EST — Regular session QUALCOMM Incorporated shares slipped roughly 3.5% to $171.64 by midday Monday, hitting a low of $171.24 earlier. Meanwhile, the Nasdaq 100 tracker QQQ edged up 0.1%, and the iShares Semiconductor ETF rose 0.4%. The market mood has been mixed following threats from the Trump administration to indict Federal Reserve Chair…
12 January 2026
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Silver price hits record high, SLV jumps as Fed turmoil knocks the dollar

Silver price hits record high, SLV jumps as Fed turmoil knocks the dollar

New York, January 12, 2026, 12:36 EST — Regular session Shares of iShares Silver Trust, a top proxy for silver prices, surged roughly 7.6% Monday as the metal hit fresh highs. Silver rallied as investors turned to precious metals amid growing doubts over the U.S. Federal Reserve’s independence. Michael Haigh, global head of commodities research at Societe Generale, noted, “Elevated…
12 January 2026
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Gold price breaks $4,600 record; GLD ETF and gold stocks jump on Powell probe

Gold price breaks $4,600 record; GLD ETF and gold stocks jump on Powell probe

New York, Jan 12, 2026, 12:35 (EST) — Regular session SPDR Gold Shares climbed 2.4% on Monday, buoyed by gold prices soaring past $4,600 an ounce—a new record. That jump sparked renewed interest in gold-backed assets. The ETF, which mirrors bullion and trades like a stock, last changed hands at $424.45. (Financial Times) This move matters because it’s no longer…
12 January 2026
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Stock Market Today

  • WESCO International (WCC) Valuation Assessment After Strong Share Performance
    February 3, 2026, 11:55 AM EST. WESCO International's shares closed at $297.80, following an 18.1% gain in one month and a 66% total return over the past year. The stock trades at a price-to-earnings (P/E) ratio of 22.9x, slightly above the peer average of 21.3x but below the estimated fair P/E of 31x, suggesting the market is pricing in moderate future growth. Analysts forecast earnings growth of 13.1% annually, with return on equity at 13.4%, both seen as modest. A discounted cash flow (DCF) model indicates a slight overvaluation versus estimated future cash flows of $294.03. Risks include potential softness in sector sentiment or earnings, which could impact the company's valuation premium. Despite its strong momentum, WESCO's current price levels present a cautious outlook for investors.
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