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Hidden material suppliers poised to ride the AI chip surge
28 days ago•Source: MarketWatch
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22.44 min•29 days ago
Apple signals resilient margins as memory costs loom
Apple forecast gross margins of 48%–49% for the March quarter, above December’s 48.2% and the 47.3% consensus, aided by a favorable mix of high‑margin hardware and Services growth (a record $30 billion in the December quarter). Memory pricing is rising and could pinch margins, but Cook said Apple will look at a range of options to mitigate it. Strong iPhone momentum and the Services pull helped support margins, and the stock rose about 1% in after-hours trading.
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BitGo Opens 2026 with a Hot IPO Amid Crypto Market Slump
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United rides loyalty to another earnings beat and optimistic 2026 outlook
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Kraft Heinz slides after Berkshire hints at near-full stake exit
Berkshire Hathaway could sell up to about 325.4 million Kraft Heinz shares (roughly 27% of the company), prompting Kraft Heinz stock to fall in after-hours trading as the company moves to unwind its 2015 merger and split into two public entities.
Corporate travel rebound powers United’s earnings outlook
Upticks in corporate travel are lifting United Airlines’ holiday-quarter revenue prospects as the carrier prepares to report results, with Citi noting a meaningful early-2026 rebound in business travel that could benefit United and its peers.
Defense Dept backs L3Harris with $1B for pre-IPO missile-motors unit
The Defense Department invested $1 billion in L3Harris via convertible preferred securities that will convert into common stock in an IPO planned for the second half of 2026, creating a majority-owned missile-solutions unit with the government as an anchor investor but no board seats. The move aims to expand U.S. missile capacity, and L3Harris stock rose toward record closes amid a broader defense-focused rally, though congressional approval could be required for the government stake.
Lockheed Martin Shares Drop Amid Earnings Miss and Profit Decline
Lockheed Martin's stock dropped over 7% after reporting a significant profit miss and $1.6 billion in losses related to its legacy defense programs, compounded by challenges in its classified aeronautics projects and revised earnings outlook for 2025.