Citi downgrades Xerox to sell
Citi cut Xerox to sell, saying the company faces a difficult print-market backdrop and that Lexmark integration may not be enough to offset pressure in core cash generation.
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Tower stocks surge on SpaceX spectrum deal
American Tower, SBA Communications and Crown Castle rose after SpaceX said it agreed to acquire wireless spectrum from Grain Management. Analysts said the move could support traditional tower operators and make spectrum holdings more valuable.
US stocks rise broadly to end positive week
Major U.S. indexes finished higher Friday, with nine S&P 500 sectors advancing and small- and mid-cap shares also participating. Technology was mixed, as semiconductor weakness offset gains in software, cybersecurity and several megacaps.
Cell tower stocks rise on SpaceX spectrum deal
American Tower, SBA Communications and Crown Castle jumped after SpaceX said it agreed to acquire wireless spectrum from Grain Management. Analysts said the move could support demand for traditional tower infrastructure and make spectrum holdings more valuable.
Bitcoin rises 1.2% to $82,781
Bitcoin climbed 1.2% to $82,781 after earlier slipping to $80,500 overnight. Analysts said $81,000 has been seen as an initial support level, while strength in the U.S. dollar and higher Treasury yields has weighed on risk assets this week.
USDA lowers 2027 beef and pork production outlook
The USDA cut its 2027 U.S. beef production forecast to 24.7 billion pounds from 24.8 billion pounds and lowered pork output to 27.8 billion pounds from 28.1 billion pounds in the October WASDE report. Steer prices were unchanged at $2.38 a pound, while the barrows and gilts price estimate slipped to 63 cents from 64 ce
Dow Jones futures rise as AI stocks rebound
Dow Jones, S&P 500 and Nasdaq futures were higher early Friday as AI stocks recovered from Thursday's selloff. Delta Air Lines missed views and guided low, while SpaceX said it plans to buy wireless spectrum from Grain Management subject to approval.
SpaceX shares rise after spectrum buy from Grain Management
Stock futures rebounded as earnings season refocused attention; SpaceX was up 3.9% in premarket after buying spectrum from Grain Management, the company said.
Bank of America lifts Soitec on margin outlook
Bank of America analysts raised Soitec to buy from neutral, saying photonics should significantly expand the French semiconductor-materials maker's gross margin over the coming years. They see gross margin rising to 29% in fiscal 2027, 39% in fiscal 2028 and 44% in fiscal 2029.
Goldman upgrades Palantir to buy
Goldman Sachs raised Palantir to buy from neutral, citing its positioning in bespoke software, sovereign AI and broader enterprise demand for AI tools. The stock was up 1.6% after the note.
Dow futures rise as SpaceX spectrum deal hits telecoms
Dow Jones futures rose 0.2% overnight, while S&P 500 futures added 0.25% and Nasdaq-100 futures gained 0.3%. SpaceX plans to buy wireless spectrum from Grain Management, pressuring Verizon, AT&T, T-Mobile US and AST SpaceMobile in after-hours trading.