Bank of America Raises Snowflake Price Target Ahead of Earnings
May 21, 2026, 4:52 AM EDT.Bank of America Securities raised its price target for Snowflake (SNOW) from $195 to $205, signaling a roughly 20% upside ahead of the May 27 earnings report. Despite Snowflake’s stock falling 21.92% year-to-date, BofA maintained a Buy rating, citing increased confidence in Snowflake’s execution in the growing AI business intelligence market. The target hike stems from a valuation multiple increase rather than forecast revisions, reflecting optimism over the company’s 18-month outlook. BofA downplayed Middle East demand concerns, noting it accounts for about 1% of revenues. Other analysts are divided, with price targets ranging from $200 to $325 amid competitive and growth worries. Snowflake’s Q4 fiscal 2026 performance sets the stage for May’s earnings, which investors will closely watch for validation.
Bank of America tweaks Snowflake stock pri…
Why Aviva's Share Price May Have Peaked in 2026
May 21, 2026, 4:51 AM EDT. The Aviva (LSE:AV) share price rose to 690p in January before declining to 616p, signaling a possible peak for 2026. Despite a 1% annual gain, elevated expectations from strong 2023 profits and the Direct Line deal have set a high bar, limiting further upside. Even with upgraded earnings forecasts, the share price faltered after full-year results. Risks include integration challenges from the Direct Line acquisition, regulatory scrutiny, and economic volatility affecting investment returns. CEO Amanda Blanc highlighted political instability in the UK as a concern. However, Aviva’s 6.32% dividend yield and potential cost savings from the takeover may support value for income investors. Overall, the stock faces headwinds that could restrict significant gains this year.
Why the Aviva share price might have alrea…
China's Stock Gains Outpace Corporate Earnings, Survey Reveals
May 21, 2026, 4:50 AM EDT. Chinese listed companies’ net profits grew about 1% year-on-year to Q1 2026, while stock market returns soared 32.5%, driven by a 31.2% rise in price-to-earnings ratios, indicating gains were due more to higher valuations than earnings growth, according to a Cheung Kong Graduate School of Business (CKGSB) investor survey. Market turnover climbed, reflecting increased trading activity and investor optimism, despite modest profit expansion. About 64% of respondents expect A-shares to rise, with 62% bullish on Hong Kong equities. The survey included 2,100 financial professionals and retail investors. CKGSB’s Liu Jing noted the need for stronger fundamentals to sustain a long-term bull market and highlighted ongoing recovery signs in the property market, which may take a year to see broad price increases.
China’s corporate earnings lag behind stoc…
Two Best AI Growth Stocks to Buy Amid Nasdaq's Rare Buying Window
May 21, 2026, 4:49 AM EDT. The great rotation in the stock market has created a rare buying window on the Nasdaq, benefiting artificial intelligence (AI) stocks. After early 2024 sector rotations into safer industries like pharmaceuticals and consumer staples, investors are returning to the AI growth story. Meta Platforms and Microsoft stand out as top AI stocks. Meta, trading at 18 times forward earnings, leverages its vast social media user base to integrate AI and boost advertising revenue. Microsoft, a software giant, continues to experience strong growth driven by AI applications in its platforms. These stocks offer a compelling entry point as AI demand and corporate earnings signals remain robust in the long term.
The Great Rotation Created a Rare Buying W…
RBC Capital Cuts Snowflake Target Price to $220, Maintains Outperform Rating
May 21, 2026, 4:48 AM EDT. RBC Capital has reduced Snowflake’s target price to $220 from $245 while maintaining its outperform rating. The adjustment reflects updated market assessments but signals continued confidence in Snowflake’s growth potential. Snowflake, a cloud data platform provider, remains a key player in the technology sector. RBC Capital’s target changes influence investor expectations and could impact trading strategies.
RBC Capital lowers Snowflake's target pric…
Snowflake Stock Rises 6% on BofA Analyst Confidence Ahead of Q1 Earnings
May 21, 2026, 4:47 AM EDT. Snowflake Inc. (SNOW) shares surged 6% following a bullish note from BofA Securities analyst Koji Ikeda. Ikeda expressed confidence in Snowflake’s growth momentum as the cloud data platform prepares to report its fiscal first-quarter earnings. The analyst’s positive stance highlights expectations for solid performance amid a competitive cloud computing market. Snowflake’s stock climbed amid broader tech sector volatility, underscoring investor anticipation for the upcoming earnings report.
Snowflake Stock (SNOW) Surges after Top Bo…
Is Nintendo Undervalued After a 31.5% Year-to-Date Share Price Drop?
May 21, 2026, 4:46 AM EDT. Nintendo’s share price has dropped 31.5% year to date, closing recently at ¥7,295. Despite a 6.3% gain last week, the stock lags with a 33.4% decline over the past year. A discounted cash flow (DCF) analysis estimates Nintendo’s intrinsic value at ¥8,984.92 per share, suggesting an 18.8% undervaluation compared to its current price. Nintendo’s valuation score of 3 out of 6 indicates mixed signals, being undervalued on half of the metrics considered. Investors are reassessing the stock amid evolving gaming industry trends, including monetisation and hardware cycles. This analysis highlights potential value in Nintendo shares, persistent market volatility, and the importance of monitoring long-term earnings growth expectations.
Is Nintendo (TSE:7974) Offering Value Afte…
Corn Futures Drop on Crude Oil Weakness and Ethanol Data
May 21, 2026, 4:45 AM EDT. Corn futures fell 10 to 11 cents on Wednesday, pressured by a $6.27 decline in crude oil prices amid nearing US-Iran negotiations. The national average cash corn price slipped to $4.24 1/4. U.S. Energy Information Administration (EIA) data showed ethanol production rose to 1.111 million barrels per day, with ethanol stocks slightly higher. Ethanol refinery inputs increased, though exports declined. Market watchers expect USDA’s Export Sales report on Thursday to show 0.8-1.6 million metric tons of old crop corn sold and 150,000 to 300,000 metric tons of new crop business. Key futures prices including July, September, and December contracts all closed lower, reflecting the broader commodity pressure.
Corn Facing Crude Oil Pressure on Wednesda…
Official Market Notice: New Debt Securities Listings
May 21, 2026, 4:32 AM EDT. The market sees new debt and debt-like securities listings including Ecobank Transnational’s Fixed Rate Reset Tier 2 Notes due 2036, Absa Group’s Additional Tier 1 Notes, and European Bank for Reconstruction & Development’s 4.651% Callable Green Transition Notes due 2036. Barclays Bank PLC listed securities due 2032 and Barclays PLC introduced multiple Resetting Senior Callable Notes with varying maturities between 2030 and 2037. These offerings present investors with long-dated fixed income options in USD, GBP, and JPY denominations.
Sensex Retreats After Early Gains Amid Oil Price Surge on Trump’s Iran Warning
May 21, 2026, 4:31 AM EDT. The Indian stock market reversed early gains on Thursday as the Sensex fell about 200 points and the Nifty dipped nearly 30 points. The initial rally saw the Sensex jump over 600 points, bolstered by defence, realty, and media sectors. However, crude oil prices surged past $105 per barrel following U.S. President Donald Trump’s warning of a possible harsh move if Iran rejects a deal. This stoked fears of renewed geopolitical tensions and energy supply risks, causing market volatility. Rising oil prices concern Indian investors due to potential inflation, a wider trade deficit, and pressure on fuel-import-dependent sectors.
Stock market shock: Sensex wipes out early…
Stock Market Today: Dow, S&P 500, Nasdaq Open Lower as Nvidia Falls Post-Earnings; SpaceX IPO in Focus
May 21, 2026, 4:30 AM EDT. The Dow, S&P 500, and Nasdaq were poised to open down following Nvidia’s earnings report, which saw the chipmaker’s stock decline despite strong earnings. Investors also reacted to SpaceX’s IPO filing, adding uncertainty to market sentiment. Other movers included Intuit and Intel as tech sector activity remained high. The market’s cautious tone reflects mixed signals from high-profile earnings and upcoming offerings, with the semiconductor and space tech sectors under close scrutiny.
Stock Market Today: Dow, S&P 500, Nasdaq S…
InterContinental Hotels Group PLC Buys Back 40,000 Shares, Plans Cancellation
May 21, 2026, 4:20 AM EDT. InterContinental Hotels Group PLC repurchased 40,000 of its ordinary shares on May 20, 2026, through Goldman Sachs International on the London Stock Exchange. The purchase prices ranged from $150.15 to $154.95 per share, averaging $152.06. These shares are to be cancelled, reducing the total shares outstanding to 149,627,985, excluding 5,431,782 held in treasury. This buyback is part of the authority granted by shareholders at the 2025 Annual General Meeting and was executed following instructions issued earlier in February. The share repurchase reflects the company’s ongoing capital management strategy.
InterContinental Hotels Group PLC Announce…
FTSE 100 Opens Lower with ConvaTec and Mitchells & Butlers Among Losers
May 21, 2026, 4:19 AM EDT. The FTSE 100 index opened down 40 points at just under 10,393, led by declines in ConvaTec and Mitchells & Butlers. ConvaTec shares dropped 3.7% despite reassuring revenue and unchanged full-year guidance, boosted by a new patch pump supply deal. Mitchells & Butlers fell 7.9% following interim results. QinetiQ Group, a FTSE 250 defence contractor, raised its dividend 24% and expanded its share buyback after an 18% rise in operating profit to £218 million. EasyJet posted a wider half-year pre-tax loss of £552 million due to rising fuel costs and reduced bookings amid Middle East tensions, while BT maintained profits with an upgraded dividend policy. Precious metals and copper miners also weighed on the market at open.
FTSE 100 Live: Stocks off to tired start, …
Buy-on-Dips Strategy in Mutual Funds Yields Limited Returns Over Two Years
May 21, 2026, 4:18 AM EDT.Mutual fund investors adopting the buy-on-dips strategy amid volatile markets from geopolitical risks and inflation have seen limited gains. Data from brokerage Elara Capital reveals that despite accelerated equity inflows during major market corrections in the past two years, most schemes delivered returns below fixed deposits, with the Nifty 50 index up just over 5% in two years and down 4% in the last year. Strong inflows propelled mid- and small-cap funds, but only these categories showed marginally higher returns compared to fixed deposits. Elara notes that although this strategy supports market bounce-backs, the overall return profile remains modest, signaling investors have not been adequately rewarded for risk during this consolidation phase.
Is buy-on-dips strategy truly working for …
Borr Drilling Lists on Euronext with NOK 18 Billion Market Capitalisation
May 21, 2026, 4:17 AM EDT. Borr Drilling, an offshore drilling company, has officially listed on Euronext, marking a significant development in the European energy sector. The company’s market capitalisation stands at approximately NOK 18 billion (Norwegian Krone). This listing provides Borr Drilling with enhanced access to capital and increased visibility among investors. The move reflects broader trends in public market activities amid the energy industry’s evolving landscape. Euronext, a major pan-European stock exchange, continues to attract companies from the energy sector seeking growth and expansion opportunities.
Euronext N : Borr Drilling lists on Eurone…
Stock Market Today: S&P 500 and Nasdaq Expected to Decline on Nvidia Earnings; Dow Faces Pressure from Rising Oil and Yields
May 21, 2026, 4:16 AM EDT. S&P 500 and Nasdaq futures fell by around 0.2% and 0.25% respectively as investors digest Nvidia’s first-quarter earnings report, highlighting concerns about tech sector performance. The Dow Jones Industrial Average futures also declined 0.2%, pressured by increasing oil prices and U.S. Treasury yields, which can raise borrowing costs and impact equities. Market participants are also awaiting Walmart’s earnings report later in the day, adding to the cautious mood. Overall, the key indexes show a cautious tone amid mixed corporate results and macroeconomic factors.
Stock Market Today: S&P 500 and Nasdaq set…
Australian Shares Rally on Weak Jobs Data and U.S.-Iran Peace Hopes
May 21, 2026, 4:15 AM EDT. Australian stocks climbed 1.5% as weaker-than-expected April employment data reduced expectations of an imminent Reserve Bank of Australia (RBA) rate hike. The S&P/ASX 200 index closed at 8,621.70, its highest in a week. Markets now price a 10% chance of a June rate increase, down from 20%, but anticipate the cash rate could reach 4.6% by year-end. Optimism over a U.S.-Iran peace deal added support, boosting miners like BHP Group and Rio Tinto by over 3%. Energy stocks fell 1%, marking their worst day since early May. Financial shares rose 1.5%, with major banks gaining up to 2.3%. Technology stocks ended flat despite earlier gains. New Zealand’s S&P/NZX 50 also advanced 0.9%, fueled by positive market sentiment.
Global Markets | Australian shares jump as…
Stock Market Today: Stocks Pause After Rally
May 21, 2026, 4:14 AM EDT. Stocks paused after a recent rally as investors weighed economic data and earnings reports. The Dow Jones Industrial Average, S&P 500, and Nasdaq showed modest fluctuations amid cautious trading. Oil prices experienced slight changes, influencing energy sector stocks. Market participants remain attentive to upcoming corporate earnings and macroeconomic indicators shaping the investment landscape.
Stock Market Today: Stocks Pause After Ral…
InterContinental Hotels Group PLC Buys Back 40,000 Shares at Average $152 Each
May 21, 2026, 4:04 AM EDT. InterContinental Hotels Group PLC repurchased 40,000 of its ordinary shares on May 20, 2026, on the London Stock Exchange through Goldman Sachs International. The shares were bought at prices ranging from $150.15 to $154.95, with an average price of $152.06 per share. This buyback follows shareholder authorization granted at the May 2025 Annual General Meeting and instructions issued in February 2026. The company plans to cancel the repurchased shares, reducing the total shares outstanding to 149.63 million, excluding 5.43 million held in treasury. The transaction aims to return value to shareholders by reducing share count and potentially increasing earnings per share.
InterContinental Hotels Group PLC Announce…
Oil Market Faces Supply Crunch Amid Iran War Uncertainties
May 21, 2026, 4:03 AM EDT. The global oil market shows resilience despite the biggest energy supply shock in modern history caused by the Iran war. The industry has employed multiple strategies to mitigate impacts. However, without progress in peace talks, experts warn that the market could reach a critical supply crunch within months, risking sharp price volatility and potential shortages.
Oil market clock is ticking as supply crun…
Evolution Mining's Volatility Reflects Sector Sentiment Amid Gold-Copper Mix
May 21, 2026, 4:02 AM EDT. Evolution Mining (ASX:EVN) has experienced heightened share price volatility due to sector-wide weakness and fluctuating gold and copper prices impacting its diversified portfolio. The recent trading swings mainly reflect changing market sentiment rather than shifts in the company’s fundamentals. Investors await the H1 2026 earnings report on April 15 for insight on margins, cost inflation, and production guidance amid rising labor and energy costs. Evolution projects A$6.5 billion revenue and A$2 billion earnings by 2029, implying an 8.1% annual growth rate and a 22% upside to current share price based on a A$13.91 fair value estimate. Analyst views vary, with some forecasting even higher revenue and earnings before the recent pullback. This volatility underscores the delicate balance between commodity price exposure and cost management in Evolution’s strategy.
Does Evolution Mining’s (ASX:EVN) Volatili…
India's JSW Cement Reports Tenfold Q4 Profit Surge on Rising Demand
May 21, 2026, 4:00 AM EDT. India’s JSW Cement posted a more than tenfold increase in fourth-quarter profit, driven by improved demand in the cement sector. The surge reflects stronger sales amid an uptick in construction activity, signaling positive momentum for the company. JSW Cement’s robust earnings highlight its expanding market position in India’s growing infrastructure landscape.
