PBF Energy stock jumps 10% as Venezuela crude shifts and West Coast jet fuel squeeze hit traders

PBF Energy stock jumps 10% as Venezuela crude shifts and West Coast jet fuel squeeze hit traders

NEW YORK, Jan 8, 2026, 12:45 EST — Regular session PBF Energy Inc shares jumped about 10% on Thursday, outpacing a firmer refining group. The stock was up $2.82 at $31.06 in midday trading after ranging from $28.60 to $31.18. The move lands as refiners get pulled into a fast-changing story around Venezuela and crude flows, with knock-on effects for fuel prices and margins — the spread between what refiners pay for crude and what they sell as gasoline, diesel and jet fuel. Oil was higher on the day as investors tracked developments tied to Venezuela. Reuters A resumption of
8 January 2026
Lumentum (LITE) stock sinks 11% as AI-optics rally breaks despite Needham target hike

Lumentum (LITE) stock sinks 11% as AI-optics rally breaks despite Needham target hike

New York, Jan 8, 2026, 12:43 ET — Regular session Lumentum Holdings Inc (LITE) shares fell 10.7% to $351.00 on Thursday, after touching $399.88 earlier in the session. The stock hit a low of $343.41 as the selloff spread through AI-linked hardware names. Lumentum designs and makes optical and photonic products used in optical networking and laser applications. Its Cloud & Networking unit sells components used in AI and machine-learning infrastructure and in data center interconnect (DCI), the gear that links data centers together. Reuters The move matters because Lumentum has turned into a fast trade on data-center capex, and
Karman (KRMN) stock jumps as $220 mln Seemann deal pushes it into naval defense

Karman (KRMN) stock jumps as $220 mln Seemann deal pushes it into naval defense

New York, Jan 8, 2026, 12:43 ET — Regular session Karman Holdings Inc shares were up $9.63, or 10.5%, at $101.35 in midday New York Stock Exchange trading, after the space-and-defense supplier unveiled an acquisition that would take it deeper into U.S. Navy work. The company agreed to buy Seemann Composites LLC and Materials Sciences LLC for $210 million in cash and about $10 million in Karman stock, subject to customary adjustments, a filing showed. SEC Karman told investors the purchase should be “immediately accretive” in 2026 — shorthand for lifting profit measures such as earnings per share — and
8 January 2026
Tecnoglass stock rebounds nearly 8% after Apogee outlook cut — what investors watch next

Tecnoglass stock rebounds nearly 8% after Apogee outlook cut — what investors watch next

New York, January 8, 2026, 11:53 EST — Regular session Tecnoglass (TGLS) shares rose nearly 8% on Thursday, lifting the stock back above $50 after a choppy start to the week. The stock was up about 7.9% at $51.75 in late morning trade. The move comes as investors weigh fresh warnings from rival Apogee Enterprises, whose outlook reset jolted building-products names on Wednesday. Apogee said it now expects fiscal 2026 net sales of about $1.39 billion and adjusted earnings per share — profit per share excluding some items — of $3.40 to $3.50, and it built in an estimated $0.30
Northrop Grumman stock rebounds as Trump buyback ban meets $1.5 trillion defense budget pitch

Northrop Grumman stock rebounds as Trump buyback ban meets $1.5 trillion defense budget pitch

NEW YORK, January 8, 2026, 12:41 PM EST — Regular session Northrop Grumman Corp shares were up about 3.8% at $598.96 on Thursday, after ranging from $594.17 to $638.44 earlier in the session. The move came as defense stocks steadied after U.S. President Donald Trump called for a $1.5 trillion military budget in 2027, up from $901 billion approved for 2026. Reuters The bounce followed a rough Wednesday for the sector. Trump signed an executive order barring major defense contractors from paying dividends or buying back stock until they improve weapons output and meet delivery and cost targets, a rare
Leonardo DRS stock jumps nearly 9% as Trump’s defense budget talk lifts sector — what to watch next

Leonardo DRS stock jumps nearly 9% as Trump’s defense budget talk lifts sector — what to watch next

New York, January 8, 2026, 12:05 EST — Regular session Shares of Leonardo DRS jumped 9.4% to $40.68 in midday trading on Thursday. The stock has traded between $37.42 and $40.74, after closing at $37.20 in the prior session. The move came as defense stocks climbed after President Donald Trump called for a $1.5 trillion U.S. military budget for 2027, well above the $901 billion approved for 2026. RBC Capital Markets analysts led by Ken Herbert wrote that “there is significant uncertainty associated with a final defense budget,” while Morgan Stanley analysts led by Kristine Liwag said, “A limit on
Bloom Energy stock jumps after AEP flags a $2.65 billion fuel-cell buy — what investors are watching next

Bloom Energy stock jumps after AEP flags a $2.65 billion fuel-cell buy — what investors are watching next

New York, Jan 8, 2026, 11:24 ET — Regular session Bloom Energy Corporation shares jumped on Thursday after American Electric Power said it would buy solid oxide fuel cells in a deal valued at about $2.65 billion. Bloom was last up about 9% at $117.63, after swinging between $106.70 and $128. Reuters The move matters because it puts a fresh price tag on an option that investors have treated as “real someday” rather than “real now,” and it comes as markets look for firm orders behind the broader push to lock down power supply for large loads. Evercore ISI analyst
AeroVironment stock jumps as Trump’s $1.5 trillion defense-budget call lifts drone names

AeroVironment stock jumps as Trump’s $1.5 trillion defense-budget call lifts drone names

NEW YORK, Jan 8, 2026, 11:27 AM EST — Regular session AeroVironment, Inc. shares climbed 8.8% to $346.45 in late morning trading on Thursday, after earlier touching $371.20. The stock was last up $27.97 from Wednesday’s close. The move underlined how quickly Washington headlines are moving defense names this week. On Wednesday, President Donald Trump signed an executive order barring defense contractors from paying dividends or buying back stock — meaning companies repurchasing their own shares — until they speed up weapons production. Reuters Defense stocks then snapped back after Trump said the 2027 U.S. military budget should be $1.5
Walmart (WMT) stock dips after new board pick Shishir Mehrotra — here’s what traders watch next

Walmart (WMT) stock dips after new board pick Shishir Mehrotra — here’s what traders watch next

New York, January 8, 2026, 11:27 EST — Regular session Walmart Inc shares fell 0.7% to $111.91 by late morning on Thursday after the retailer said it appointed Superhuman CEO Shishir Mehrotra to its board. The stock hit an intraday low of $109.86. The board move lands as Walmart leans harder on technology spending and pushes its online and store businesses closer together, a costly shift that investors keep scoring quarter by quarter. “Our focus remains on serving customers through a people-led, tech-powered approach,” board chair Greg Penner said. archive.fast-edgar.com It also puts a spotlight on the company’s near-term investor
8 January 2026
Lam Research stock slips below $200 as chip gear makers slide; jobs report looms

Lam Research stock slips below $200 as chip gear makers slide; jobs report looms

New York, January 8, 2026, 11:27 EST — Regular session Lam Research shares fell 2.2% to $198.62 on Thursday, tracking a broader drop in semiconductor names. The stock touched $195.14 at its low so far. Lam, a major supplier of chipmaking tools, tends to swing with expectations for factory spending and the pace of upgrades at big chipmakers. That matters now because rate-sensitive tech has been jittery, and investors are trying to pin down whether early-year momentum can hold into earnings season. Applied Materials slid about 4.0%, KLA fell roughly 2.7% and ASML’s U.S.-listed shares dropped about 3.9%, while the
Lockheed Martin stock jumps on Trump’s $1.5 trillion defense-budget call after payout-ban scare

Lockheed Martin stock jumps on Trump’s $1.5 trillion defense-budget call after payout-ban scare

NEW YORK, Jan 8, 2026, 11:45 EST — Regular session Lockheed Martin shares rose 5.2% to $522.56 on Thursday, extending a volatile two-day stretch after President Donald Trump called for a $1.5 trillion U.S. military budget for 2027. The stock hit $542.66 earlier in the session before drifting back. Reuters The whipsaw matters because the same White House that is talking up a much larger defense top line is also threatening to police how contractors spend their cash. “A limit on capital return is an incremental negative, but the size is manageable,” Morgan Stanley analysts led by Kristine Liwag wrote,
Kratos (KTOS) stock jumps as Marine Corps drone award puts Valkyrie back in focus

Kratos (KTOS) stock jumps as Marine Corps drone award puts Valkyrie back in focus

New York, Jan 8, 2026, 11:18 EST — Regular session Kratos Defense & Security Solutions shares jumped 17.3% to $107.30 in morning trading on Thursday, lifting the San Diego-based defense contractor to one of the market’s strongest gainers. The move followed news tied to a U.S. Marine Corps effort that pairs Northrop Grumman’s mission systems with Kratos’ Valkyrie uncrewed aircraft. Kratos Defense The Marine Corps program sits inside a wider U.S. push for “collaborative combat aircraft,” or CCA — drones meant to fly with piloted fighters, adding capacity without putting more people in cockpits. For smaller suppliers, landing a spot

Stock Market Today

Stellantis stock slides 24% after €22 billion EV reset kills 2026 dividend — what to watch next

Stellantis stock slides 24% after €22 billion EV reset kills 2026 dividend — what to watch next

7 February 2026
New York, Feb 7, 2026, 06:41 EST — Market closed. Stellantis N.V. shares (STLA) closed down 23.7% at $7.28 on Friday after the Jeep maker detailed a roughly €22.2 billion hit tied to an electric-vehicle strategy reset and said it would not pay an annual dividend in 2026. The stock was up about 1.6% in late after-hours trade. (Yahoo Finance) The slump matters because it puts Stellantis’ balance-sheet choices back on the front page, fast. Investors will be looking for signs that the company can stop cash burn and stabilise U.S. profits before the next session opens on Monday. In
Intel stock jumps on China server CPU delays as traders map the week ahead

Intel stock jumps on China server CPU delays as traders map the week ahead

7 February 2026
Intel shares rose 4.87% to $50.59 Friday, trailing gains by Nvidia and Broadcom as chip stocks rallied. Sources said Intel and AMD warned Chinese customers of longer waits and higher prices for some server CPUs, with Intel lead times reaching six months. Intel said China accounts for over 20% of its revenue. Investors await key U.S. jobs and inflation data next week.
IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

7 February 2026
IRS staffing has dropped to 2021 levels as the 2026 tax filing season begins, according to a Treasury watchdog. The agency faces a backlog of about 2 million returns, 129% above pre-pandemic levels. Most e-filers using direct deposit still get refunds within 21 days, but paper filings and amended returns could see delays. The IRS lowered its call-answer target to 70% for this season.
Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

7 February 2026
Plug Power shares rose 11.6% Friday to $2.08 after a sharp drop the previous day, as attention shifted to a Feb. 17 shareholder vote on expanding authorized shares. The company failed to secure enough votes earlier this week and is urging overseas holders to participate. CEO Andy Marsh cited difficulties for European investors in casting ballots. A reverse stock split remains possible if the proposal fails.
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