Browse Category

Stock Market News 7 January 2026

Merck stock slips after Cidara tender offer; $9 billion R&D hit and HPV schedule shift in focus

Merck stock slips after Cidara tender offer; $9 billion R&D hit and HPV schedule shift in focus

New York, Jan 7, 2026, 15:40 (EST) — Regular session Merck & Co (MRK.N) shares were down about 0.3% at $108.59 in afternoon trade on Wednesday after the drugmaker said it had completed its cash tender offer for Cidara Therapeutics (CDTX.O) and expected to finish the acquisition through a merger later in the day. The company said the deal will…
Intel stock price forecast: INTC jumps on 18A chip rollout as a $50 target re-enters view

Intel stock price forecast: INTC jumps on 18A chip rollout as a $50 target re-enters view

New York, January 7, 2026, 15:29 EST — Regular session Intel shares jumped 6.3% to $42.56 in afternoon trading on Wednesday, outpacing a slide in chip ETFs, as investors leaned into the company’s CES pitch that its new 18A manufacturing push is ready for prime time. The iShares Semiconductor ETF fell 1.2% and VanEck’s chip ETF slipped 0.7%, while the…
Meta stock price forecast: China review of Manus deal drags META as Wall Street targets $822

Meta stock price forecast: China review of Manus deal drags META as Wall Street targets $822

New York, January 7, 2026, 15:28 EST — Regular session Meta Platforms (META.O) shares fell about 1.7% to $649.66 on Wednesday afternoon after a report said Chinese officials are reviewing the company’s purchase of artificial intelligence startup Manus. The Financial Times said the review could hinge on whether the transaction required an export license under Chinese law; Meta and Manus…
PLTR stock price forecast: Palantir climbs as Truist slaps $223 target on shares

PLTR stock price forecast: Palantir climbs as Truist slaps $223 target on shares

NEW YORK, Jan 7, 2026, 15:34 EST — Regular session Palantir Technologies (PLTR) shares rose 1.8% to $182.98 in late afternoon trading on Wednesday after Truist Securities initiated coverage with a buy rating and a $223 price target. The stock ranged between $177.70 and $187.26, with traders eyeing whether it can stay north of $180 into the close.  Investing The…
Microsoft stock price forecast: MSFT climbs as AI trade returns — payrolls and earnings in focus

Microsoft stock price forecast: MSFT climbs as AI trade returns — payrolls and earnings in focus

NEW YORK, January 7, 2026, 15:29 (EST) — Regular session Microsoft (MSFT) shares rose 1.2% to $484.34 in afternoon trading on Wednesday, keeping pace with a renewed bid for big-cap tech. The stock ended Tuesday at $478.51. The move comes as investors rotate back into stocks tied to artificial intelligence, after recent hand-wringing over stretched valuations. The Nasdaq was up…
IREN stock price forecast: Why the shares are sliding and what to watch before earnings

IREN stock price forecast: Why the shares are sliding and what to watch before earnings

New York, January 7, 2026, 15:28 EST — Regular session IREN Ltd shares were down 2.8% at $44.63 in late-afternoon trade, after swinging between $44.12 and $46.57 earlier in the session. Volume topped 16 million shares, putting the stock back in traders’ crosshairs after another choppy start to the year. Why it matters now: IREN sits at the seam between…
P&G stock slips in late trade as staples lag and jobs report looms

P&G stock slips in late trade as staples lag and jobs report looms

NEW YORK, Jan 7, 2026, 15:25 ET — Regular session Procter & Gamble shares fell about 1.1% on Wednesday afternoon, down $1.51 at $138.40, underperforming a mixed U.S. tape. The pullback matters now because staples have started the year on the back foot as investors lean into higher-growth corners of the market. The Consumer Staples Select Sector SPDR fund was…
D-Wave Quantum stock dips after $550m Quantum Circuits deal — what QBTS investors watch next

D-Wave Quantum stock dips after $550m Quantum Circuits deal — what QBTS investors watch next

NEW YORK, Jan 7, 2026, 15:17 EST — Regular session Shares of D-Wave Quantum (QBTS) were down about 1.1% at $30.93 on Wednesday afternoon, after the company agreed to acquire Quantum Circuits in a $550 million cash-and-stock deal. The stock swung between $32.15 and $30.44 earlier in the session, with roughly 29 million shares traded. The acquisition puts D-Wave, best…
Salesforce stock rises as tech steadies after soft jobs data; CRM investors eye Friday payrolls

Salesforce stock rises as tech steadies after soft jobs data; CRM investors eye Friday payrolls

New York, January 7, 2026, 15:08 ET — Regular session Salesforce (CRM.N) shares rose 1.6% to $267.13 in afternoon trading on Wednesday, recovering some ground after early volatility, with about 3.7 million shares changing hands. The uptick came as technology shares extended gains from the prior session, helping keep the S&P 500 and Nasdaq in positive territory even as investors…
Why CoreWeave stock is moving today: Nvidia Rubin plan meets fresh Wall Street calls

Why CoreWeave stock is moving today: Nvidia Rubin plan meets fresh Wall Street calls

NEW YORK, Jan 7, 2026, 15:21 EST — Regular session CoreWeave shares rose about 1.1% to $78.81 in afternoon trading on Wednesday, after moving between $75.77 and $79.92. Nvidia shares were up about 1.1%. The AI cloud provider said on Monday it will add Nvidia’s Rubin platform to its infrastructure and expects to be among the first cloud providers to…
Applied Materials stock pulls back from 52-week high as chip-tool trade cools

Applied Materials stock pulls back from 52-week high as chip-tool trade cools

New York, January 7, 2026, 15:04 EST — Regular session Applied Materials shares fell about 1.1% to $292.66 in afternoon trade on Wednesday, easing alongside other chip-equipment names. Lam Research and KLA were also lower, while Nvidia rose, and Applied traded between $286.90 and $295.05. The move matters because chip-tool makers have turned into a clean read on how long…
Why Vistra stock is sliding after the $4.7 billion Cogentrix deal

Why Vistra stock is sliding after the $4.7 billion Cogentrix deal

New York, January 7, 2026, 14:57 EST — Regular session Vistra Corp (NYSE:VST) shares fell about 8% to $155.93 on Wednesday afternoon. The stock was down $13.60 from its previous close. Moody’s affirmed Vistra’s Ba1 corporate family rating but revised its outlook to stable from positive after the company agreed to buy a 5.5-gigawatt gas portfolio from Cogentrix. The agency…

Stock Market Today

  • Cantor Fitzgerald Raises Microchip Technology Price Target to $100
    February 2, 2026, 12:39 PM EST. Cantor Fitzgerald lifted Microchip Technology's (NASDAQ:MCHP) price target from $85 to $100, citing a 28% potential upside. The semiconductor firm holds an 'overweight' rating from Cantor. Other analysts follow suit with mixed views: B. Riley boosted its target to $95 with a 'buy' rating, Citigroup set $92, while TD Cowen lowered its estimate to $60 with a 'hold'. Microchip shares rose to $77.90 on Monday. The company reported Q3 earnings of $0.35 per share, beating estimates by $0.02, though revenue dipped 2%. MarketBeat consensus sees a 'Moderate Buy' with an average target near $83. Microchip's market cap now stands at $42.1 billion amid mixed earnings and cautious guidance for Q3 2026.
Go toTop