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Stock Market 16 May 2026

Monday Test Ahead for Berkshire After Abel’s $24 Billion Portfolio Move

Monday Test Ahead for Berkshire After Abel’s $24 Billion Portfolio Move

Berkshire Hathaway disclosed a $2.65 billion stake in Delta Air Lines and new positions in Macy’s and Alphabet, while exiting Amazon, UnitedHealth, Visa, and Mastercard, according to its May 15 SEC filing. Berkshire’s Class B shares closed Friday at $482.70, down 0.3% for the day but up 1.4% for the week. Delta and Macy’s rose in after-hours trading. The filing was released after the market closed.
16 May 2026
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NuScale Stock Looks to Monday After Friday Drop

NuScale Stock Looks to Monday After Friday Drop

NuScale Power shares dropped 6.88% Friday to $11.23, ending the week down 10.5%. Citi cut its price target to $7 and maintained a Sell rating, while Northland trimmed its target to $19 and kept Outperform. First-quarter revenue fell to $565,000 from $13.4 million a year earlier, with net loss widening to $46.7 million. U.S. equity markets reopen Monday after the weekend closure.
16 May 2026
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Tema NASA ETF Watch as SpaceX IPO Talk Grows

Tema NASA ETF Watch as SpaceX IPO Talk Grows

Tema Space Innovators ETF fell 3.9% to $34.51 Friday but gained 7.5% for the week. The fund holds $707.3 million in assets, with Rocket Lab and SpaceX SPV among top positions. Reuters reported SpaceX may file for a Nasdaq IPO as soon as next week, targeting a $1.75 trillion valuation. SpaceX shareholders approved a 5-for-1 stock split, effective the week of May 18.
16 May 2026
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Devon Energy Jumps on Friday, Faces Investors’ Next Move Monday

Devon Energy Jumps on Friday, Faces Investors’ Next Move Monday

Devon Energy shares surged 4.76% to $49.49 Friday, outperforming peers as crude prices climbed and investors reacted to its completed Coterra merger. The company announced an $8 billion buyback and raised its dividend to $0.320 per share. U.S. crude settled at $105.42 a barrel. Devon reported first-quarter net earnings of $120 million and $1.7 billion in operating cash flow.
16 May 2026
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Starbucks Heads for Monday Breakout Test After $400 Million Layoffs

Starbucks Heads for Monday Breakout Test After $400 Million Layoffs

Starbucks will cut 300 U.S. corporate jobs and close several regional support offices, part of its “Back to Starbucks” turnaround plan. The company expects $400 million in restructuring charges, mostly non-cash write-downs. Shares closed Friday at $106.82, near a 52-week high, after reporting 6.2% global comparable sales growth last quarter. The cuts do not affect cafe workers.
16 May 2026
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Atlassian Shares Jump 8% on Friday, Eyes on Monday for AI Interest

Atlassian Shares Jump 8% on Friday, Eyes on Monday for AI Interest

Atlassian shares jumped 8.16% to $87.46 Friday but ended the week down 4.5%. Truist Securities reiterated a Buy rating and $100 target after the Team 26 event, citing AI monetization as a key issue. Nasdaq regular trading resumes Monday. Atlassian last posted a fiscal Q3 revenue gain of 32% year-over-year to $1.787 billion but reported a GAAP operating loss of $56.3 million.
16 May 2026
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UiPath shares up 6% ahead of earnings, traders look for what moves PATH next

UiPath shares up 6% ahead of earnings, traders look for what moves PATH next

UiPath shares jumped 6.2% to $10.27 on Friday, outpacing a broader tech selloff that saw the Nasdaq drop 1.5%. The stock remains down 4.8% for the week, despite a late rebound. Investors are positioning ahead of UiPath’s May 28 earnings, with analysts expecting 13 cents per share on $397.5 million revenue. Friday’s trading volume reached 47.17 million shares, the highest of the week.
16 May 2026
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Berkshire Pushes Macy’s, Inc. Stock—What’s Next for Traders Before Monday

Berkshire Pushes Macy’s, Inc. Stock—What’s Next for Traders Before Monday

Berkshire Hathaway disclosed a new stake of 3,038,355 Macy’s shares, worth about $55 million, in a May 15 filing. Macy’s stock rose 6.3% in after-hours trading after the news, following a 5.5% weekly drop. The company’s fiscal 2026 sales outlook remains below 2025 levels, with earnings guidance also lower. CEO Tony Spring described the environment as uncertain in March.
16 May 2026
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Delta Stock Moves After Berkshire’s $2.65 Billion Stake

Delta Stock Moves After Berkshire’s $2.65 Billion Stake

Delta Air Lines shares rose 3.2% to $72.45 in after-hours trading Friday after Berkshire Hathaway disclosed a 6.1% stake worth about $2.65 billion as of March 31. The filing showed Warren Buffett’s firm held 39.8 million shares, marking a return to the sector after selling airline stakes in 2020. Delta closed down 1.84% in the regular session. U.S. markets reopen Monday.
16 May 2026
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Nvidia Shares Slip Ahead of Earnings as AI Trade Gears Up for a Big Week

Nvidia Shares Slip Ahead of Earnings as AI Trade Gears Up for a Big Week

Nvidia shares dropped 4.4% to $225.32 Friday, trimming gains from a chip rally but leaving the stock up 4.7% for the week. U.S. markets are closed for the weekend ahead of Nvidia’s fiscal first-quarter results after Wednesday’s close. Options pricing signals a possible 7% post-earnings swing, putting the near-term trading range between $210 and $241. The Nasdaq snapped a six-week winning streak as chip stocks sold off.
16 May 2026
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Netflix Stock Holds Near $87 Ahead of Monday Signal

Netflix Stock Holds Near $87 Ahead of Monday Signal

Netflix shares closed Friday at $87.02, nearly flat for the week, as the S&P 500 and Nasdaq both fell more than 1%. At its New York upfront, Netflix said its ad-supported plan now reaches over 250 million global monthly active viewers and will expand to 15 more countries in 2027. Analyst price targets average $115.89, but some remain cautious on user engagement and ad revenue growth.
16 May 2026
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Palantir Steady as Nasdaq Slides Before Monday

Palantir Steady as Nasdaq Slides Before Monday

Palantir closed Friday at $133.99, up 0.2%, but lost 2.8% for the week after a sharp midweek drop. The Nasdaq is closed for the weekend, with trading set to resume Monday. Palantir’s first-quarter revenue jumped 85% to $1.63 billion, but valuation concerns linger as its price-earnings ratio nears 150. Broader tech stocks, including Nvidia and AMD, fell sharply Friday.
16 May 2026
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Stock Market Today

  • SpaceX-Linked ETFs Surge Ahead of Historic IPO
    June 11, 2026, 7:58 PM EDT. ETFs with exposure to SpaceX have seen massive inflows, reflecting strong investor demand ahead of the company's record-breaking IPO scheduled for Friday. The ERShares Private-Public Crossover ETF (XOVR) climbed from under $500 million in assets to $2.2 billion. The Tema Space Innovators ETF (NASA) ballooned to $2.6 billion since its March 30 launch. Ron Baron's Baron First Principles ETF (RONB) surged to $1.5 billion, and the KraneShares AI & Technology ETF (AGIX) quintupled to $1 billion. Despite these jumps, SpaceX's portfolio weight in these funds has declined due to asset inflows outpacing holdings. XOVR has imposed measures such as a 2% redemption fee to curb speculative trading post-IPO. The frenzy highlights investor appetite for private company exposure and the anticipated impact of SpaceX's IPO, which could value it at around $1.75 trillion, ranking it among the world's top ten companies.

Latest articles

Keel Infrastructure (KEEL) shares surge after $458 million AI data center deal closes

Keel Infrastructure (KEEL) shares surge after $458 million AI data center deal closes

12 June 2026
Keel Infrastructure Corp. surged 5.14% to $5.52 after closing $458 million in 1.250% convertible senior notes due 2032, with proceeds aimed at accelerating AI and high-performance computing data center projects; the notes’ initial conversion price is $7.41, about 25% above the June 4 close, while analysts’ 12-month price targets range from $3.00 to $8.00, averaging $5.52.
Rocket Lab Shares Surge as SpaceX IPO Chatter Returns RKLB to Spotlight

Rocket Lab Shares Surge as SpaceX IPO Chatter Returns RKLB to Spotlight

12 June 2026
Rocket Lab soared 9.26% to $114.78 and hit $119.24 after hours as investors piled into space stocks ahead of SpaceX’s $75 billion IPO, despite KGI Securities starting coverage at Neutral with a $105 target and no company-specific news; record Q1 revenue, a $2.2 billion backlog, and upcoming launches keep attention on RKLB as the sector heats up.
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