Marvell Shares Slip 2.8% as $20 Billion Growth Plan Raises Stakes
Marvell shares fell 2.8% after its investor day, as the company set a $20 billion 2028 revenue goal, with $18 billion tied to data centers.
Marvell TechnologyMRVL
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US links Russian diesel deal to effort to revive peace talks
Reuters reports that US envoys framed a Russian diesel agreement as a way to restart peace talks, while Ukrainian officials questioned the strategy.
DieselUS energy prices
Barclays Keeps Overweight Ratings on Seven Companies
Barclays maintained Overweight ratings on seven companies, raising targets for Cloudflare, Helmerich & Payne and VF Corp and cutting PG&E’s target.
NETCGNXPCORHPFEPCG
Barclays Keeps Equal-Weight Ratings on Three Stocks
Barclays maintained Equal-Weight ratings on Fortinet, Alkami Technology and HF Sinclair, while changing price targets for the latter two companies.
Fortinet (FTNT)Alkami Technology (ALKT)HF Sinclair (DINO)
Hess Midstream Average Price Target Cut to $36
Six analysts lowered Hess Midstream’s average 12-month price target from $37.5 to $36. The consensus rating remains “Sell” across seven analysts.
Hess Midstream LP
MINISO 12-Month Average Price Target Cut to $13.64, 42% Upside
Analysts lowered MINISO’s average 12-month price target from $14.14 to $13.64, while the consensus “Buy” rating remains unchanged.
MINISO Group Holding Limited
Applied Materials shares slip as Intel research ties deepen
Applied Materials is expanding AI-chip research with Intel, but no new equipment orders were disclosed, leaving the timing of revenue gains uncertain.
Applied MaterialsIntel
Tesla shares slip after European assisted-driving relabeling
Tesla renamed its European driver-assistance service Assisted Driving, while shares fell 1.1%. EU approvals remain incomplete despite Slovakia’s expected decision.
TeslaTSLA
Bloomberg: JPMorgan and Goldman Cut Exposure to Volta AI Loan Sale
Bloomberg News reported that JPMorgan and Goldman reduced exposure to a $5 billion Volta AI loan sale. Reuters has not verified the report.
JPMorganGoldman SachsVolta AI
Cisco shares fall 3.3% as Webex agents work beyond calls
Cisco unveiled Webex AI agents that continue tasks after meetings, but gave no adoption data or contract details to support the growth case.
Cisco Systems
Three Issues to Watch in JPMorgan and Big Bank Earnings
JPMorgan, Goldman Sachs, Citigroup and Wells Fargo begin bank earnings season. Investors will focus on rates, investment banking revenue and expenses.
JPMorgan ChaseGoldman SachsCitigroupWells FargoKBW Nasdaq Bank IndexS&P 500
Arista unveils Ethernet push for AI racks as shares fall 2.7%
Arista outlined Ethernet technology for AI clusters, but disclosed no orders, pricing or shipment volumes. Its shares fell about 2.7% on October 12.
Arista NetworksANETNvidia
CBOT wheat rises as traders weigh Black Sea shipping disruption
CBOT wheat futures recovered after three losing sessions as traders monitored Black Sea diplomacy, IKAR’s lower crop forecast and Tuesday’s USDA report.
CBOT wheatK.C. wheatMinneapolis wheat
Corn Futures Rebound as Traders Reassess Friday’s WASDE Report
Corn futures rose after traders reassessed Friday’s WASDE report and earlier losses. Wheat gained, while soybeans weakened amid negative Chinese crush margins.
Corn futuresWheat futuresSoybean futuresCBOTBrentUSD
Jefferies Keeps Tesla at Hold, Raises Target to $400
Jefferies kept its Hold rating on Tesla and lifted the stock’s price target to $400 per share from $350, Benzinga reported on October 12.
TSLA
Belgium lists Doel 4 and Tihange 3 nuclear units offline
Belgium lists Doel 4 and Tihange 3 offline, totaling 2,056 MW. Their scheduled returns for the reactors are November 2 and October 20, 2026.
Doel 4Tihange 3Belgian nuclear powerBelgian power market
US gas futures retreat as milder weather cuts demand outlook
November US gas futures lost 1.6% on Monday as milder weather lowered expected demand, while reduced output and stronger LNG flows limited the decline.
US natural gasHenry HubNYMEXLNGTTFJKM
CBOT corn rebounds from a two-month low as demand improves
CBOT corn recovered after a sharp drop, supported by technical buying and fresh demand, while a large US crop outlook and active harvesting limited gains.
CBOT cornCZ26
Crédit Agricole Agrees to Acquire German Lender IKB
Crédit Agricole will acquire all of IKB from Lone Star Funds with its own funds; terms are undisclosed, and closing is targeted by the end of Q2.
Crédit AgricoleIKB Deutsche Industriebank AGLone Star Funds
CBOT soybeans slip as record US crop meets brisk harvest
CBOT soybeans fell as a larger US crop and active harvesting weighed on prices, while traders assessed Chinese demand and Brazil’s planting prospects.
CBOT November soybeans (SX26)CBOT December soymeal (SMZ26)CBOT December soyoil (BOZ26)