Day: August 7, 2026

Oxford Biomedica stock tumbles on revenue forecast cut

Bernstein downgrades Stellantis stock rating on margin miss

Citizens downgrades DoubleVerify stock rating on merger news

China and Hong Kong equities advanced on Friday after stronger-than-expected July trade data reinforced confidence in the country’s export resilience. Robust demand for AI-related technologies, particularly semiconductors, lifted investor sentiment, while Morgan Stanley reiterated its preference for Hong Kong equities amid improving earnings prospects.

Guggenheim cuts Trade Desk stock rating on weak results, margin pressure

Airbnb raised its full-year 2026 revenue outlook following a strong Q2 performance. Revenue rose 17% to $3.61 billion, while EPS hit $1.37, beating Wall Street estimates. Robust international travel demand, FIFA World Cup bookings, and AI integration across host tools drove a sharp surge in after-hours stock trading.

SpaceX shares rebounded 6% after 900 million shares became eligible to trade following its first post-IPO lockup expiry, but investors remain cautious over future unlocks and potential volatility.

India Resurgence Fund has acquired a majority stake in Ashok Iron Works’ engineering business, betting on rising demand for large engine components amid the global manufacturing and data centre boom.

Crompton Greaves Consumer Electricals shares fell to a day’s low of ₹250 on Friday, even after posting strong Q1 results a day earlier. The company reported a 15.2% YoY jump in PAT to ₹143 crore (6.4% margin) and 11.8% YoY revenue growth to ₹2,235 crore, driven by broad-based performance across segments.

The outcome of the Karlapat bauxite block auction is significant, as aluminium makers and new entrants alike compete to secure long-term access to the mineral amid an aggressive capacity expansion cycle.