Verizon shares fall 6% in premarket on satellite-competition concerns

The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day. 1026 ET - SpaceX is committing further to wireless with its plans to buy a nationwide spectrum portfolio from Grain Management, JPMorgan analysts say in a note. The low-band portfolio gives SpaceX a coverage layer with stronger in-building propagation, complementing the mid-band spectrum it's acquiring from EchoStar, the analysts say. That should provide higher-bandwidth capacity, giving credibility to Starlink Mobile's long-term opportunity, they say. The latest deal "supports our view that SpaceX's mobile ambitions extend beyond handsets into IoT, autonomous vehicles and robotics, or 'connectivity of all things,'" they say, adding they would not be surprised to see SpaceX pursue additional low-band assets over time.(kelly.cloonan@wsj.com) 0914 ET - Aritzia's strong F2Q and outlook ease some of the concerns over tough mobile app comparatives, says Michael Glen of Raymond James in a note. The end of October marks the one year anniversary of the women's fashion brand's mobile app launch, with the app performing very well, Glen says. He believes investors went into F2Q with a perspective that "tilted negative, with the absolute core concern due to this pending comp deceleration." Instead, Aritzia reported another set of "very strong results, and provided F3Q guidance that we believe should alleviate concerns regarding the tough mobile app compare." (adriano.marchese@wsj.com) 0907 ET - Dr. Martens' profit recovery is expected to continue based on moderate top-line growth and operational leverage, Berenberg analysts write. They add that the British footwear company's gross margin of 66% should support profit recovery and cash flow generation. "Over the coming years, we expect strong profit drop-through from moderate revenue growth, which could build the EBIT margin up to management's medium-term 'mid-to high-teens' target," they say. Berenberg has a buy rating on the stock and 110 pence target price. Shares are up 0.9% at 68.40 pence, but down 11% over the year to date. (ian.walker@wsj.com) 0905 ET - RBC Capital Markets lowers its 2027 adjusted pretax profit forecast for Barclays due to weakness in investment bank income and slightly higher expenses, analysts Benjamin Toms and Sherry Lin write. RBC guides for Barclays' return on tangible equity to grow from 12.2% in 2026 to 14.1% in 2027 and further to 15.0% in 2028. Barclays expects a return on tangible equity above 12% for 2026 and above 14% for 2028. RBC models cumulative shareholder returns of 17.5 billion pounds through 2028, higher than Barclays' guidance of more than 15 billion pounds. It maintains an outperform recommendation on the stock and lowers the target price to 525 pence from 550 pence. Shares are up 1.0% at 430.55 pence. (michael.hennessey@wsj.com) 0844 ET - Mercedes-Benz could report a third-quarter adjusted cars EBIT margin below the company's full-year guidance range of