Focus Partners Advisor Solutions LLC reduced its stake in Northrop Grumman Corporation by 38.5% in the fourth quarter, selling 2,286 shares and retaining 3,652 shares valued at approximately $2.08 million. This comes as Northrop Grumman reported strong quarterly earnings, beating EPS and revenue estimates, and increased its quarterly dividend. The company also maintains a "Moderate Buy" consensus rating from analysts with an average target price of $702.63.

J.W. Cole Advisors Inc. reduced its stake in United Rentals (NYSE:URI) by 47.9% in the fourth quarter, selling 978 shares, though institutional investors still own a significant portion of the company. Recent insider selling also occurred, totaling 26,088 shares valued at approximately $25.6 million. Despite United Rentals missing Q1 EPS and revenue estimates, analysts maintain a "Moderate Buy" rating with an average price target of $1,029.

Christina Ciglar, Chief Product Officer at STEVEN MADDEN, LTD. (NASDAQ:SHOO), sold 5,147 shares of the company's common stock for approximately $230,276. This insider sale occurred while SHOO stock was trading near its 52-week high and appeared overvalued according to InvestingPro analysis. Despite this, the company recently surpassed Q1 2026 earnings and revenue expectations, leading to several analysts raising price targets on the stock.

The Nifty IT index saw a market capitalization loss of over Rs 50,000 crore within the first 15 minutes of trade, with the index falling more than 2.5%. This decline was driven by global tech market weakness, including a nearly 2% drop in the Nasdaq Composite. HSBC noted cautious sentiment in the sector, warning of incremental risks from accelerated M&As and the impact of AI deflation on growth.

The Nifty IT index experienced a significant decline, falling over 2% with all nine constituent stocks in the red, mirroring a global selloff in technology stocks. HCL Technologies and Persistent Systems were the biggest losers. The slump is also attributed to investor concerns about AI-driven disruption to India's traditional IT services model following Anthropic's release of its advanced AI model, Fable 5.

This article highlights five stocks—Oracle, Adobe, Driven Brands Holdings, Oxford Industries, and Lennar Corp.—that investors should watch on Thursday. It details their recent earnings reports, upcoming earnings expectations, and after-hours trading performance, providing a quick overview of their financial health and market reaction.

Rockwell Automation announced that Zinkteknik, a global automotive tier 2 zinc die-casting manufacturer, has chosen the Plex Smart Manufacturing Platform. This platform will standardize operations and support global growth, starting with its new greenfield facility in Monterrey, Mexico. The implementation aims to provide real-time visibility, traceability, and quality, establishing a scalable digital foundation for future expansion.

Royal Caribbean has officially taken delivery of LEGEND OF THE SEAS, the third Icon Class ship from Meyer Turku. The vessel will begin Western Mediterranean cruises in July 2026 before relocating to the Caribbean in November. This 144,000 GT ship is the fourth Royal Caribbean vessel powered by LNG and includes advanced environmental technologies, supporting the company's net-zero target by 2035.

Apple recently held its annual Worldwide Developers Conference (WWDC), revealing updates to Apple Intelligence and an enhanced Siri leveraging Gemini. These updates strengthen Apple's ecosystem, potentially driving a robust upgrade cycle and increasing services revenue. Despite the innovations, Phillip Securities Research maintains a NEUTRAL recommendation with a raised DCF target price of US$290, citing the need for successful execution and user adoption for sustained earnings growth.

Realty Income recently increased its monthly dividend to US$0.2710 per share, marking its 135th dividend hike since 1994, and raised its full-year 2026 AFFO guidance. This strengthens the REIT's income appeal and capacity for rising payouts, while its investment narrative projects significant revenue and earnings growth by 2029. However, investors should consider potential impacts from higher funding costs and expanding European exposure, as well as varied fair value estimates among analysts.