Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

BHP share price drops nearly 4% — what to watch before the next ASX session

BHP share price drops nearly 4% — what to watch before the next ASX session

BHP Group shares fell 3.9% to A$50.36 on Thursday, leading losses in the Australian materials sector as iron ore prices dropped to a seven-week low. The S&P/ASX 200 slipped 0.43%, while the Australian dollar eased to 69.71 U.S. cents. The Reserve Bank of Australia raised rates to 3.85% earlier in the week. BHP is set to report half-year results on Feb. 17.
CBA share price rises as Commonwealth Bank flags $68m ASIC provision ahead of Feb 11 results

CBA share price rises as Commonwealth Bank flags $68m ASIC provision ahead of Feb 11 results

Commonwealth Bank shares closed up 1.4% at A$159.28, outperforming the S&P/ASX 200’s 0.4% drop after the RBA lifted the cash rate to 3.85%. The bank disclosed a A$68 million pre-tax provision tied to ASIC’s Better Banking review and A$53 million in one-off income items. Investors are watching for CBA’s half-year results and interim dividend on Feb. 11.
Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin fell as much as 7.5% in 24 hours, dropping below $71,000 in Asian trading Thursday. The broader crypto market lost $467.6 billion in value since Jan. 29, CoinGecko said. Over $700 million in leveraged crypto bets were liquidated in the past day, according to CoinGlass. The declines followed a sharp selloff in global tech stocks.
Xero share price steadies after 16% rout as investors weigh AI pitch and Melio timeline

Xero share price steadies after 16% rout as investors weigh AI pitch and Melio timeline

Xero shares closed up 1.6% at A$82.09 Thursday, recovering some ground after a 15.9% plunge Wednesday. The rebound followed Xero’s announcement of its AI roadmap and U.S. payments push with Melio. Investors are watching if gains hold ahead of Xero’s May 14 earnings. Australia’s tech sector saw sharp declines this week amid concerns over AI’s impact on software firms.
Kennametal stock jumps 7% after earnings beat and outlook raise puts KMT share price back in play

Kennametal stock jumps 7% after earnings beat and outlook raise puts KMT share price back in play

Kennametal shares rose 7.5% Wednesday after the company raised its full-year outlook and reported a 10% jump in quarterly sales to $530 million. The toolmaker credited early customer purchases ahead of tungsten price hikes. Adjusted EPS reached 47 cents, beating analyst estimates. Year-to-date free cash flow fell to $38 million from $57 million.
Sunrun stock jumps 12% as RUN touts record growth in “distributed power plant” programs

Sunrun stock jumps 12% as RUN touts record growth in “distributed power plant” programs

Sunrun shares jumped 12.2% to $20.72 Wednesday after the company reported a fivefold increase in customer participation for its battery grid-services programs in 2025. Over 106,000 customers are now enrolled, with nearly 18 gigawatt-hours dispatched. Trading volume reached 12 million shares by mid-afternoon. Investors await Sunrun’s earnings report on Feb. 26 for updates on cash flow and guidance.
Why ESAB stock is jumping today: Eddyfi deal digested, early numbers set the tone

Why ESAB stock is jumping today: Eddyfi deal digested, early numbers set the tone

ESAB Corp shares surged 7.4% to $126.62 Wednesday, rebounding after a $1.45 billion deal to acquire Eddyfi Technologies. The company expects Eddyfi to add $270 million in 2026 revenue and plans to finance the purchase with cash, debt, and $318 million in equity. JPMorgan cut its price target to $130 but kept an “Overweight” rating. ESAB’s Q4 revenue guidance is $720–$722 million, with adjusted EPS of $1.34–$1.36.
Old Dominion Freight Line stock price jumps as ODFL beats Q4 estimates and raises dividend

Old Dominion Freight Line stock price jumps as ODFL beats Q4 estimates and raises dividend

Old Dominion Freight Line shares jumped 8.8% to $206.38 Wednesday after the company beat quarterly earnings estimates and raised its dividend. Fourth-quarter LTL tons per day fell 10.7%, but revenue per hundredweight rose 4.9% excluding fuel. Revenue dropped 5.7% to $1.31 billion, while the operating ratio worsened to 76.7%. The board set the new quarterly dividend at 29 cents per share.
DaVita stock price pops again as 2026 outlook fuels fresh Wall Street targets

DaVita stock price pops again as 2026 outlook fuels fresh Wall Street targets

DaVita shares rose 6.5% to close near $143.45 Wednesday after the company forecast 2026 adjusted EPS of $13.60–$15.00, above consensus. The stock surged 16% in after-hours trading Monday. Barclays and UBS raised their price targets, citing strong guidance and ongoing buybacks. DaVita reported Q4 revenue of $3.62 billion and said it repurchased 12.7 million shares in 2025.
Super Micro (SMCI) stock jumps 10% as chip rally and options expiry collide

Super Micro stock jumps as SMCI lifts 2026 sales view, but margin squeeze shows up

Super Micro Computer shares surged 13% to $33.62 Wednesday after the company raised its fiscal 2026 net sales outlook to at least $40 billion and posted strong quarterly revenue. Gross margin fell to 6.3% from 9.3% last quarter, highlighting profitability pressures. Trading volume topped 101 million shares. The company cited robust demand for AI-optimized servers but flagged ongoing supply-chain and cost challenges.
Bitcoin sinks to 15-month low as a global selloff drags crypto deeper into the red

Bitcoin sinks to 15-month low as a global selloff drags crypto deeper into the red

Bitcoin fell to a 15-month low near $72,000 Wednesday amid a broad selloff, with the Nasdaq 100 down over 2%. Crypto market value dropped by $467.6 billion since Jan. 29, and $2.56 billion in bitcoin positions were liquidated in recent days. Crypto-linked stocks such as Coinbase and Gemini lost at least 15% over five sessions. Bitcoin later traded near $76,400 as some buyers returned.
Enact Holdings stock jumps 10% as ACT rallies on fresh buyback plan and earnings

Enact Holdings stock jumps 10% as ACT rallies on fresh buyback plan and earnings

Enact Holdings’ stock surged 10.5% to $44.58 after its board approved a new $500 million share repurchase plan, adding to an existing $350 million program. The company reported Q4 net income of $177 million and said it will maintain its $0.21 dividend, payable March 19. Genworth Holdings, which owns 81% of Enact, will sell shares back in proportion to open-market buybacks. The S&P 500 ETF fell 0.2%.
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Lloyds share price steadies after buyback update and BoE rate jitters — what to watch next week

Lloyds share price steadies after buyback update and BoE rate jitters — what to watch next week

7 February 2026
Lloyds shares closed up 0.9% at 106.75 pence Friday after the bank announced fresh buybacks totaling 17 million shares over two days, all to be cancelled. The stock rebounded from a 5.6% drop Thursday as traders adjusted UK rate-cut bets. About 121 million Lloyds shares changed hands. Investors await the bank’s annual report on February 18 and the next Bank of England decision March 19.
Vodafone shares steady up after Q3 wobble — Germany, buyback and next results now set the tone

Vodafone shares steady up after Q3 wobble — Germany, buyback and next results now set the tone

7 February 2026
Vodafone shares rose 1.47% to 110.60p Friday, recovering part of Thursday’s 4.68% drop after a Q3 update. Group revenue climbed 6.5% to €10.5 billion, but Germany’s 0.7% service revenue growth missed some forecasts. Vodafone launched a new €500 million buyback tranche, bringing total buybacks since May to €3.5 billion. Investors remain focused on Germany’s pace and cash flow execution.
NatWest Group stock: buyback filing and Rightmove mortgage deal set up a busy week

NatWest Group stock: buyback filing and Rightmove mortgage deal set up a busy week

7 February 2026
NatWest shares closed up 1.45% at 659.4 pence Friday, buoyed by a buyback of 797,428 shares and a new digital mortgage deal with Rightmove. The Bank of England held rates at 3.75% but signaled possible cuts, with markets pricing in two reductions for 2026. NatWest plans to expand its Accelerator community to 50,000 members by 2026. Annual results are due Feb. 13.
Unilever share price holds at 5,250p as results week looms — what investors watch next

Unilever share price holds at 5,250p as results week looms — what investors watch next

7 February 2026
Unilever shares closed flat at 5,250p in London Friday, underperforming the FTSE 100’s 0.6% gain. The company issued 4.2 million new shares for employee plans, bringing total shares to over 2.18 billion. Investors await Q4 and full-year results on Feb. 12, with analyst consensus pointing to 3.9% Q4 sales growth. Unilever’s U.S. ADR rose 0.8% to $72.12.
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