Today: 8 July 2026

Microsoft stock drops after Redburn cuts target as Jan. 28 earnings loom

Microsoft stock drops after Redburn cuts target as Jan. 28 earnings loom

Microsoft shares dropped Wednesday after Rothschild & Co Redburn lowered its price target to $450 from $500, keeping a neutral stance on the stock. The downgrade sent shares down roughly 2.3% during mid-day trading. Prices dipped as low as $438.68 before settling at $444.11, with volume about 45% above average. The decline arrives just days ahead of Microsoft’s fiscal second-quarter earnings report on Jan. 28. Investors will closely watch demand trends in Azure and gauge the company’s AI investment levels. Wall Street expects earnings per share of $3.92 on revenue near $80.28 billion, according to TipRanks.
P&G stock price jumps after earnings, but a U.S. demand wobble steals the spotlight

P&G stock price jumps after earnings, but a U.S. demand wobble steals the spotlight

NEW YORK, Jan 22, 2026, 17:24 — Trading after hours. Procter & Gamble shares climbed roughly 2.7% to $149.93 in after-hours trading Thursday, following its fiscal second-quarter report. The maker of Tide and Pampers maintained key elements of its full-year guidance. P&G reported net sales up 1% at $22.2 billion, with core earnings per share steady at $1.88. Organic sales came in flat.
Walmart stock slips after PhonePe IPO stake-sale plan; investors brace for CEO handover and earnings

Walmart stock slips after PhonePe IPO stake-sale plan; investors brace for CEO handover and earnings

New York, Jan 22, 2026, 17:27 — After-hours Walmart Inc shares slipped 1.3% to $117.83 in after-hours trading Thursday following an updated PhonePe IPO filing. The retailer, which owns roughly 72% of the Indian payments firm, plans to sell nearly 46 million shares, cutting its stake by about 12%. Tiger Global and Microsoft are also set to exit, according to the filing. PhonePe expects to go public by mid-2026 but won’t issue new shares, so it won’t raise fresh capital from this sale.
Capital One’s $5.15B Brex buy hits as COF Q4 earnings miss sends shares lower after hours

Capital One’s $5.15B Brex buy hits as COF Q4 earnings miss sends shares lower after hours

Capital One Financial will buy fintech Brex for $5.15 billion, paying about $2.75 billion in cash and issuing about 10.6 million shares, a regulatory filing showed on Thursday. The move matters now because Capital One has been building out payments and commercial reach since it closed its $35.3 billion acquisition of Discover Financial Services in May 2025. That deal gave Capital One control of Discover’s card network, putting it more directly up against Visa and Mastercard and competing for card balances with banks such as JPMorgan.
JPMorgan stock price rises despite Trump’s $5 billion lawsuit — here’s what investors watch next

JPMorgan stock price rises despite Trump’s $5 billion lawsuit — here’s what investors watch next

New York, Jan 22, 2026, 17:20 EST — After-hours Shares of JPMorgan Chase & Co edged up 0.5% to $303.63 on Thursday, hovering just below their 52-week peak. This came after U.S. President Donald Trump filed a $5 billion lawsuit against the bank and CEO Jamie Dimon, accusing them of politically motivated “debanking.” The suit, lodged in Miami-Dade County’s Florida state court, claims the bank shut down Trump-linked accounts for political reasons. JPMorgan responded by stating it “believe[s] the suit has no merit.”
22 January 2026
Autodesk layoffs: AutoCAD maker to cut 1,000 jobs as it shifts spending to AI and cloud

Autodesk layoffs: AutoCAD maker to cut 1,000 jobs as it shifts spending to AI and cloud

Autodesk announced Thursday it plans to slash roughly 7% of its global workforce—around 1,000 positions—as the San Francisco-based design software company shifts investment toward artificial intelligence and its cloud platform. The bulk of the job cuts will hit customer-facing sales teams, marking the end of a multi-year sales and marketing revamp. Autodesk disclosed pre-tax restructuring charges ranging from $135 million to $160 million in a recent regulatory filing, with $90 million to $110 million hitting the current quarter ending Jan. 31. The company also raised its guidance, forecasting billings—the total value of invoices and contracts—revenue, non-GAAP profits, and free cash flow to exceed the upper limits of its previous estimates. Some of the savings are set to be reinvested through the fiscal year ending Jan. 31, 2027. Autodesk aims to wrap up the plan by the end of its fiscal 2027 fourth quarter but cautioned that results might fall short of expectations.
Palantir stock price today: PLTR edges up after hours as “sovereign AI” data-center plan draws focus

Palantir stock price today: PLTR edges up after hours as “sovereign AI” data-center plan draws focus

New York, Jan 22, 2026, 16:51 ET — After-hours Shares of Palantir Technologies Inc edged up roughly 0.3% in after-hours trading Thursday, closing at $165.90. The move came after the company was included in a project to develop “sovereign AI” data centers spanning Europe, the Middle East, and Africa. During the regular session, the stock fluctuated between $164.98 and $169.94.
Alphabet (GOOG) stock rises after Raymond James upgrade as judge keeps consumer antitrust case alive

Alphabet (GOOG) stock rises after Raymond James upgrade as judge keeps consumer antitrust case alive

NEW YORK, Jan 22, 2026, 16:50 EST — After-hours Alphabet’s non-voting Class C shares jumped roughly 0.7% to $330.84 in after-hours trading Thursday, following Raymond James' upgrade to “Strong Buy” and a boosted price target of $400. Analyst Josh Beck highlighted that Alphabet’s AI “stack”—covering chips, models, and software powering its AI products—is now “shifting to high gear,” prompting him to raise forecasts for Google Cloud and Search. Throughout the session, shares fluctuated between $328.90 and $335.57, pegging Alphabet’s market cap near $2.94 trillion.
22 January 2026

Stock Market Today

  • UBS Cuts Man Group to Neutral After Shares Run Up, Despite Lifting Earnings Targets
    July 8, 2026, 8:09 AM EDT. UBS cut its rating on Man Group PLC (LSE:EMG) to 'neutral' from 'buy', even as it raised its 2026 earnings estimate by 5% and moved the price target up to 320p from 290p. UBS pointed to the recent rally that has pushed Man Group's valuation to around 9.8 times forward earnings, right at the eight-year average. The bank's analysts still see good earnings potential, bumping their performance fee and EPS forecasts for 2027 and 2028 by 15-25%. But after recent gains, UBS said a lot of good news looks priced in, leaving the risk-reward for the FTSE 250 asset manager more balanced before first-half results.
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