Stock Market

Goldman Sachs projects a strong S&P 500 earnings season, anticipating a 27% rise in Q3 EPS, largely fueled by concentrated AI infrastructure spending. While headline growth looks solid, market breadth remains narrow, with median companies facing margin pressure and slower revenue gains, a divergence last seen during the dot-com era.

MoneyHero Limited (NASDAQ: MNY) saw its 2026 financial forecasts sharply downgraded by its sole analyst. Revenue estimates were cut to US$73 million from US$90 million, and projected losses widened to US$0.17 per share from US$0.12. The price target also fell 25% to US$2.25, signaling increased market concern.

Wall Street analysts project Argenx stock could surge 23% over the next 12 months from September 2026. This bullish forecast is driven by strong Vyvgart performance and pipeline advancements in autoimmune disorders, but investors must weigh significant biotech risks.

The market faces a quiet week dominated by geopolitical events and bond yields. Key events include Marvell's investor day, providing insights into AI infrastructure, and Delta Air Lines' earnings, which will shed light on travel demand and fuel costs. Investors are advised to manage cash positions for potential market dips.

Last week, a soft US jobs report increased bets for a Fed rate hold, lifting Nasdaq by 0.45%. Nvidia authorized a new $150B share buyback, while Micron projected strong FY27 revenue of $61.5B, signaling robust chip demand despite investor concerns about manufacturing capacity.

The stock market ended last week strong, with the Nasdaq hitting a record high, and the S&P 500 and Russell 2000 rebounding. However, Treasury yields continued their ascent, signaling a divided market. This divergence poses questions about equity valuations and future policy actions by the Fed and Bank of England.

Comfort Systems USA ($FIX) saw GoalVest Advisory LLC boost its stake by 213,045.5% in Q3, increasing holdings to 46,892 shares worth $83,000. This institutional confidence follows FIX's strong Q2 results: revenue surged 50.3% to $3.27 billion, and EPS hit $12.53, beating estimates. However, insiders sold over $43 million in shares.

U.S. and UK markets ended the week bullishly as Treasury yields retreated from 22-year highs and crude oil prices fell. The Nasdaq hit a record, while the S&P 500 and Russell 2000 recovered losses by finding key technical support. The Dow Jones still declined, signaling mixed market participation.

UK REIT Landsec raised 500 million by issuing new shares at 600 pence to acquire the Metrocentre and expand its retail portfolio. This significant capital injection, 11% of its pre-issue capital, deepens exposure to prime retail assets despite an analyst 'Sell' rating and concerns over weaker free cash flow.