AI Stock Market News Today

ResMed reports strong Q3 growth with a 21% increase in non-GAAP EPS and outlines a strategic acquisition of Noctrix. The company is also initiating significant share buybacks for the fourth quarter.

• FY 2026 gross margin target set at 62%-63%
• Q3 headline revenue increased 11% year-over-year

Altria Group reported first-quarter profits that exceeded Wall Street estimates, supported by strong pricing power in its smokeable products. The company continues to pivot toward nicotine pouches to offset long-term declines in traditional smoking.

• Adjusted EPS grew 7.3% to $1.32
• Smokeable products revenue reached $4.1 billion

Australian and Japanese equities rose Friday, mirroring a record-breaking session on Wall Street driven by strong corporate earnings. Investors largely shrugged off disappointing US GDP data and escalating tensions between the US and Iran.

• S&P 500 closed at record 7,209.01
• Brent crude volatility peaked at $126/bbl

UFP Industries is targeting significant expansion in its Deckorators line and composite capacity through 2027. However, the company reports that Q1 2026 was hampered by competitive pressures and an extended winter.

• Deckorators growth target of $100M by 2026
• Composite capacity to double by 2027

Crude oil futures experienced a sharp pullback on Thursday after Brent prices surged to their highest levels since early 2022. The volatility was driven by escalating fears of a prolonged conflict between the United States and Iran.

• Brent crude peaked at $126 per barrel
• Highest price level since the March 2022 invasion of Ukraine

Apple has confirmed that John Ternus will succeed Tim Cook as CEO on September 1. The leadership transition coincides with a robust revenue growth forecast of 14% to 17% for the June quarter.

• John Ternus appointed as next CEO
• Transition date set for September 1

Viavi Solutions reported third-quarter revenue and earnings that exceeded analyst expectations, driven by strength in data center and aerospace sectors. The company further boosted investor confidence by providing fourth-quarter guidance well above consensus estimates.

• Q3 revenue grew 43% year-over-year to ~$407 million
• Non-GAAP EPS of $0.27 outperformed the $0.23 estimate

FMC Corporation has reaffirmed its 2026 sales guidance while outlining an aggressive plan to reduce its debt load. The company reported first-quarter results that outperformed internal expectations.

• Targeting ~$1 billion in debt paydown for 2026
• 2026 sales guidance held steady at $3.6B to $3.8B

Strategic Value Bank Partners LLC has fully liquidated its stake in German American Bancorp as part of a strategic portfolio realignment. The fund is shifting capital toward other regional players, most notably Commerce Bancshares.

• Full liquidation of 148,837 GABC shares
• Estimated transaction value of $6.16 million

Clinical-stage biotech firm Seaport Therapeutics has raised approximately $255 million in its initial public offering. The offering was upsized and priced at the top of its expected range.

• Raised nearly $255 million in US IPO
• Shares priced at $18, the top of the $16-$18 range

Broadstone Net Lease has maintained its Adjusted Funds From Operations (AFFO) per share projections for 2026. The company is simultaneously advancing a build-to-suit development pipeline valued at $382 million.

• Maintains 2026 AFFO per share guidance of $1.53 to $1.57
• Advancing a $382 million build-to-suit development pipeline

Guided Capital Wealth Management has established a new position in the First Trust Global Tactical Commodity Strategy Fund. The move increases the firm's total active commodity allocation to roughly 7.4% of its reportable assets.

• New stake of 118,641 shares in FTGC
• Estimated investment of $3.07 million