Hughes bankruptcy: $1.4 billion contract book cannot quickly cover $1.5 billion debt

Hughes Satellite Systems filed for Chapter 11 on Sunday after a financing wall overtook its operating transition. The key investor question is not gross backlog. It is how quickly contracts become cash.

EchoStar (ECHO) reset pulls attention to AT&T cash and SpaceX index moves

EchoStar (ECHO) reset pulls attention to AT&T cash and SpaceX index moves

EchoStar Corporation added 1.7% to $98.84 early Friday on Nasdaq, taking back some of the ground lost after changing its ticker from SATS. The stock had ended June 23 at $103.92, its last full day as SATS, then dropped to $97.19 by June 25, off 6.5% after two sessions as ECHO. Trading volumes reached 8.74 million shares June 24 and 8.71 million June 25, both lower than the 11.74 million traded June 23.

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Kodiak Gas Services

NYSE:KGS • Energy infrastructure 88/100 • ★★★★☆
#2 STRONG BUY

Neurocrine Biosciences

NASDAQ:NBIX • Healthcare 87/100 • ★★★★☆
#3 STRONG BUY

Alphabet Class A

NASDAQ:GOOGL • Communication services 85/100 • ★★★★☆
#4 BUY ON WEAKNESS

Applied Materials

NASDAQ:AMAT • Semiconductor equipment 84/100 • ★★★★☆
#5 ACCUMULATE

JPMorgan Chase

NYSE:JPM • Financials 80/100 • ★★★★☆
View full portfolio
Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Consumer Confidence • 10:00 ET

A large surprise can reset expectations for household spending and near-term growth, with read-through to Treasuries, USD and cyclical stocks.

#2

New Home Sales • 10:00 ET

Housing remains highly rate-sensitive; the print can move homebuilders, mortgage-sensitive names and the long end of the Treasury curve.

#3

Intuit earnings • After close

Guidance can influence software multiples and sentiment around U.S. small-business activity.

View full calendar
Times and estimates may change. Verify before trading.