Today: 2 May 2026

Rolls-Royce stock pops in London after fresh buyback disclosure as defence shares surge

Rolls-Royce stock pops in London after fresh buyback disclosure as defence shares surge

Rolls-Royce shares rose 1.95% to 1,283.5 pence in early London trading Thursday after the company bought back 434,889 shares under its £200 million interim programme. The move followed a surge in European defence stocks after U.S. President Trump called for higher defence spending. Rolls-Royce plans to cancel the repurchased shares and will report full-year results on Feb. 26.
8 January 2026
BAE Systems stock jumps 6% as Europe defence shares hit record on Trump budget call

BAE Systems stock jumps 6% as Europe defence shares hit record on Trump budget call

BAE Systems shares rose about 6% to 2,042 pence in early London trading Thursday after U.S. President Trump called for a larger U.S. military budget. Defence stocks across Europe hit record highs, lifting London’s FTSE 100. Analyst opinions on BAE’s outlook remain divided, with some citing currency risks and budget constraints. Trading volume stayed below average despite the price surge.
8 January 2026
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Shell stock in focus after Q4 update flags chemicals loss and weaker trading

Shell stock in focus after Q4 update flags chemicals loss and weaker trading

Shell warned its Chemicals and Products segment will post adjusted earnings below break-even in Q4, citing weaker margins and lower trading. Shell’s ADRs closed down 1.9% in New York at $71.54; London shares fell 3.3% to £26.56. The company also flagged a $1.5 billion cash outflow for German emissions certificates. Investors await full results on Feb. 5.
8 January 2026
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CapitaLand Investment stock climbs after S$260 million Singapore automated logistics bet

CapitaLand Investment stock climbs after S$260 million Singapore automated logistics bet

CapitaLand Investment shares rose 2.16% to S$2.84 in Singapore after announcing a S$260 million automated logistics facility in Jurong and a minority stake in Ally Logistic Property. The five-storey warehouse, due in 2028, will be fully leased to ALP. Mitsui O.S.K. Lines is also investing through the logistics fund. Investors await February results for updates on fee growth and fundraising.
8 January 2026
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Yangzijiang Shipbuilding (SGX:BS6) stock slips near 52-week high as traders eye March results

Yangzijiang Shipbuilding (SGX:BS6) stock slips near 52-week high as traders eye March results

Yangzijiang Shipbuilding shares fell 0.8% to S$3.61 in Singapore after touching a 52-week high. Phillip Securities Research called the stock a “technical buy” with S$3.48 as a stop-loss level. The company recently reported a 36.7% jump in half-year net profit and announced new contracts worth US$0.92 billion, but also terminated four tanker deals over sanctions concerns.
8 January 2026
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City Developments stock climbs after JPMorgan lifts target, flags “strategic review”

City Developments stock climbs after JPMorgan lifts target, flags “strategic review”

City Developments shares climbed 1.7% to S$8.89 in afternoon trade Thursday, near a 52-week high, after JPMorgan raised its target price to S$10.75 and projected higher dividends. The stock led gainers on the Straits Times Index Wednesday, rising 4.2%. JPMorgan cited asset sales and a possible strategic review but warned of risks from inflation and residential sales.
8 January 2026
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Singtel stock rebounds in Singapore trade after sharp drop; Optus shake-up in focus

Singtel stock rebounds in Singapore trade after sharp drop; Optus shake-up in focus

Singtel shares rose 0.9% to S$4.43 in afternoon trade Thursday, recovering some of Wednesday’s 3.3% drop. Investors tracked developments at Australian unit Optus, where CTO Tony Baird will depart after a transition period. About 17 million Singtel shares changed hands as traders watched if the price would hold above S$4.40. No major new company disclosures have been issued since Jan. 2.
8 January 2026
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ASX Limited (ASX:ASX) shares jump 2% on Goldman upgrade as December activity stays firm

ASX Limited (ASX:ASX) shares jump 2% on Goldman upgrade as December activity stays firm

ASX Ltd shares rose 2% to A$52.14 after Goldman Sachs upgraded the stock to neutral, citing improved trading activity and a positive December report. ASX’s average daily cash-market trades jumped 50% year-on-year and value traded rose 23% to A$6.5 billion. Regulatory pressure continues, with ASIC requiring a A$150 million capital buffer by June 2027. Half-year results are due February 12.
8 January 2026
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Nifty, Sensex slide again on Trump tariff threat and foreign selling — plus 3 stock buys for Jan 8

Nifty, Sensex slide again on Trump tariff threat and foreign selling — plus 3 stock buys for Jan 8

Indian shares fell for a fourth day Thursday, with the Nifty 50 down 0.18% at 26,093.35 and the Sensex off 0.13% by 9:55 a.m., as tariff concerns and foreign outflows persisted. Foreign investors sold $170 million in shares Wednesday, bringing January’s outflows to $694 million. Metals and IT stocks led sector declines. The rupee rose to 89.87 per dollar, reportedly after RBI intervention.
8 January 2026
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Stock Market Today

  • Raymond James Raises Price Target for Precision Drilling Stock to C$165
    May 1, 2026, 9:48 PM EDT. Raymond James Financial raised its price target for Precision Drilling (TSE:PD) from C$162 to C$165, signaling a potential 27.46% upside. The firm holds an "outperform" rating. Other brokers like ATB Cormark and BMO Capital Markets also lifted targets, with ATB Cormark setting a new high of C$175. The stock trades around C$129.45, up 2.2%, with a market cap of C$1.68 billion. Precision Drilling recently reported quarterly EPS of C$1.34 and revenue of C$526 million. The company offers advanced drilling services, leveraging digital tech known as Alpha for operational efficiency. Market consensus leans toward a "Moderate Buy" with an average price target of C$152.25, reflecting optimism amid steady performance.

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US Stock Market Today After Hours: Nasdaq Tops 25,000 As S&P 500 Hits Record High

US Stock Market Today After Hours: Nasdaq Tops 25,000 As S&P 500 Hits Record High

2 May 2026
Nasdaq 100 futures climbed 0.68% and S&P 500 futures edged up 0.06% in early after-hours trading Friday, while Dow futures slipped 0.48%. The S&P 500 and Nasdaq closed at record highs, driven by first-quarter S&P 500 profit growth of 27.8%, according to LSEG. Oil prices, inflation signals, and upcoming jobs data remain in focus. GameStop shares rose 4% after reports it was preparing an offer for eBay.
McDonald’s Corporation Stock Slides Before Earnings as Its Big Drink Bet Comes Due

McDonald’s Corporation Stock Slides Before Earnings as Its Big Drink Bet Comes Due

2 May 2026
McDonald’s shares fell 2.37% to $286.64 on Friday, underperforming rivals ahead of its May 7 earnings report and a U.S. launch of six new McCafé specialty drinks. The company will begin selling the drinks nationwide on May 6, adding beverage specialist roles at 14,000 restaurants. Investors are watching whether the new drinks and value offers can boost traffic without slowing service or hurting margins.
Strategy Inc’s 11.5% STRC Payout Sets Up Bitcoin Dividend Vote

Strategy Inc’s 11.5% STRC Payout Sets Up Bitcoin Dividend Vote

2 May 2026
Strategy Inc kept STRC’s May dividend rate at 11.5% and set a $0.958333333 per-share payout, according to a new filing. Shareholders are voting on whether to move STRC dividends from monthly to twice monthly, with results due at the June 8 annual meeting. The company recently used $255 million from a stock sale to buy 3,273 bitcoin.
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