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  • Allegiant Travel (ALGT) Shares Surge 5.5% Amid Merger Optimism and Earnings Upgrades
    June 29, 2026, 5:47 AM EDT. Allegiant Travel (ALGT) shares jumped 5.5% to $116.10 on high trading volume, driven by an analyst upgrade from Citigroup. The boost follows the 2026 merger with Sun Country Airlines, combining nearly 175 cities and 650 routes to enhance Allegiant's footprint in the U.S. leisure airline market. Despite an expected quarterly loss of $0.54 per share, revenue forecasts rose 7.8% year-over-year to $743.28 million. Analyst earnings per share (EPS) estimates have increased 5.6% over the past month, typically signaling near-term stock strength. Allegiant holds a Zacks Rank #3 (Hold). Comparatively, Alaska Air Group (ALK) rose 1.1%, also with a Hold rank amid steady EPS estimates.

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ServiceNow (NYSE:NOW) stock: $9 billion Friday jump puts contract base back in focus

ServiceNow (NYSE:NOW) stock: $9 billion Friday jump puts contract base back in focus

29 June 2026
ServiceNow (NYSE:NOW) surged 9.85% to $98.34 Friday, adding $9.1 billion in equity value—about 72% of its $12.64 billion Q1 current remaining performance obligations—as software stocks outperformed amid rotation out of AI names; the move comes ahead of a potential near-term bookings catalyst tied to price increases and legacy tier retirements, with short interest at 5.82% of float.
Nvidia holds $47 billion-per-point sway as Nasdaq tries for bounce

Nvidia holds $47 billion-per-point sway as Nasdaq tries for bounce

29 June 2026
Nvidia’s $4.7 trillion market value means every 1% stock move shifts $47 billion, putting massive index risk in focus as AI capex spending faces fresh scrutiny from new BIS data and rising China chip competition, with premarket gains tested by funding and substitution risks.
Microsoft rebound ahead of Nasdaq open puts AI spending in spotlight

Microsoft rebound ahead of Nasdaq open puts AI spending in spotlight

29 June 2026
Microsoft surged 5.7% to $372.97 in premarket trading, adding $149 billion in market value, as investors weigh soaring AI-driven capex—Q3 spending was about twice free cash flow—against strong cloud growth and a $37 billion AI revenue run rate, while analysts warn higher costs could pressure margins.
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