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Micron Rises 7%, Western Digital Climbs and SanDisk Climb 4% as Memory Stocks Extend Parabolic Run

Memory and storage stocks, including Micron, Western Digital, and SanDisk, are continuing their strong performance, driven by the AI memory supercycle and demand from hyperscalers. Micron is leading with significant revenue growth and strong guidance, while Western Digital benefits from structural hard drive demand. SanDisk has reported impressive revenue and EPS growth, particularly in its Datacenter segment, highlighting a fundamental inflection point for the company.

Source: 24/7 Wall St.
June 01, 2026 | 18:38:53
Category: General

Fox Corp. (Class B) stock (US35137L2043): Geode Capital discloses sizable stake as shares hold in up

Geode Capital Management has disclosed a significant stake in Fox Corp. (Class B) valued at approximately USD 476 million, indicating sustained institutional interest in the media group. This comes as Fox Corp. reported better-than-expected earnings per share of USD 1.32 and a strong return on equity of 18.90%. Despite trading below its 52-week high, the stock remains in the upper half of its yearly range, with analysts issuing a consensus "Hold" rating.

Source: Ad Hoc News
June 01, 2026 | 18:41:43
Category: General

Amex Green Card To Be Renamed Classic Green Card in August

American Express will rename its Green Card to the American Express Classic Green Card starting August 20, 2026. This change is purely nominal, with no alterations to the card's benefits, services, rewards structure, or annual fee. Existing cardholders will be notified beginning June 1, and no action is required on their part as the change will be automatic.

Source: Upgraded Points
June 01, 2026 | 18:43:07
Category: General

Travelers sues two insurers, says they ducked a defense it is paying for

Travelers Indemnity Company has sued Kinsale Insurance Company and James River Insurance Company, alleging they failed to provide defense coverage for a construction-defect lawsuit. Travelers is currently defending the general contractor, Shawmut, and seeks to have Kinsale and James River declared primary payers due to additional insured clauses in subcontractor policies, demanding repayment of its defense costs. The case highlights the complexities of insurance coverage roles among multiple carriers.

Source: Insurance Business
June 01, 2026 | 18:44:43
Category: General

Moderna gets $50M investment for Ebola vaccine candidate

Moderna has secured a $50 million investment from the Coalition for Epidemic Preparedness Innovations (CEPI) to advance its investigational mRNA vaccine candidate against the Bundibugyo strain of Ebola. This funding will support initial clinical testing and potential later-stage trials for emergency use authorization. There are currently no licensed vaccines for this particular Ebola strain, which is causing a significant outbreak in the Democratic Republic of Congo.

Source: The Hill
June 01, 2026 | 18:48:12
Category: General

Simon Property Group (NYSE:SPG) Price Target Raised to $217.00

JPMorgan Chase & Co. has increased its price target for Simon Property Group (NYSE:SPG) from $210 to $217, maintaining a "neutral" rating and suggesting a 6.76% upside. Despite this, the overall analyst consensus remains a "Hold" with an average target price of $205.57. The company recently reported strong quarterly earnings, beating estimates, and authorized a $2 billion share buyback program.

Source: MarketBeat
June 01, 2026 | 18:52:35
Category: General

AbbVie vs. Pfizer: Which Healthcare Stock Is a Better Buy in 2026?

This article compares AbbVie (NYSE:ABBV) and Pfizer (NYSE:PFE) as investment options in the healthcare sector for 2026, considering their financials, risk profiles, and valuations. While AbbVie excels in immunology and oncology with strong growth despite patent cliffs, Pfizer offers a diversified portfolio but faces significant revenue reduction from expiring patents. The author recommends AbbVie for its stable growth outlook and consistent dividend payments, despite Pfizer's higher current dividend yield.

Source: The Globe and Mail
June 01, 2026 | 18:55:58
Category: General

D.R. Horton Inc. stock (US23331A1097): Homebuilder trades steady as U.S. housing demand and valuations stay in focus

D.R. Horton Inc. shares traded steadily on June 1, 2026, as investors weighed strong U.S. housing demand against sector valuations and positioning among major homebuilders. Analysts generally view the stock as fundamentally solid, with price targets reflecting expectations for resilient housing demand and continued profitability, despite potential pressures from interest rates and land costs. The company remains a key bellwether for the U.S. housing market, with its performance closely watched alongside macroeconomic data.

Source: Ad Hoc News
June 01, 2026 | 18:57:31
Category: General

New Leveraged Chip ETFs Tied To MCHP, NXPI, ON Hits The Market - Tradr 2X Long MCHP Daily ETF (BATS:MCHU)

Tradr has launched three new leveraged single-stock ETFs (MCHU, NXPX, ONX) that provide 2x leveraged exposure to Microchip Technology, NXP Semiconductors, and ON Semiconductor, respectively. These ETFs aim to capitalize on the broadening semiconductor investment themes beyond AI accelerators, focusing on companies that are key suppliers for the expanding AI infrastructure. The launch reflects increasing investor interest in critical beneficiaries of the AI buildout, including power semiconductors, automotive, and industrial components.

Source: Benzinga
June 01, 2026 | 18:58:09
Category: General

John Deere Faces New Antitrust Lawsuit Over Equipment Repair Restrictions

John Deere is facing a new antitrust lawsuit regarding alleged restrictions on repairing its construction and forestry equipment. Filed by Christy Webber & Company, the suit claims Deere forces owners to use authorized dealers by limiting access to diagnostic software and parts. This action mirrors previous antitrust challenges concerning its agricultural machinery, for which Deere recently agreed to a $99 million settlement.

Source: PYMNTS.com
June 01, 2026 | 18:58:29
Category: General

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