
Japan Stock Futures Steady After Coalition Set to Lose Majority
Cash equity trading in Tokyo is shut Monday for a national holiday.
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Wall Street Journal
23 minutes ago
- Wall Street Journal
Oil Edges Lower Amid Tariff, Demand Concerns
0005 GMT — Oil edges lower in the early Asian session amid tariff and demand concerns. Lingering uncertainty over U.S. tariff decisions could continue to damp sentiment around forward demand for crude, XTB MENA's Milad Azar says in an email. Also, U.S. crude inventories have introduced more uncertainty, the market analyst says. 'U.S. crude stocks posted a draw last week, but this was offset by builds in gasoline and distillate inventories, suggesting underlying demand may be underwhelming relative to seasonal expectations,' Azar adds. Front-month WTI crude oil futures are down 0.15% at $67.10/bbl; front-month Brent crude oil futures are 0.2% lower at $69.07/bbl. (


Bloomberg
23 minutes ago
- Bloomberg
Rupiah to Consolidate Before Further Gains, Citi Strategist Says
The Indonesian rupiah's recent gains are set to pause in the coming month before advancing to levels last seen in December, according to the currency's top forecaster. Emerging market currencies, especially those that are high-yielding, tend to weaken for various reasons in August, said Rohit Garg, head of foreign exchange and rates strategy Asia ex-Japan for Citigroup Inc. By the end of the year, the strategist forecasts the rupiah to rally almost 2% against the dollar.
Yahoo
an hour ago
- Yahoo
Why SentinelOne (S) Stock Is Trading Up Today
What Happened? Shares of cyber security company SentinelOne (NYSE:S) jumped 9.4% in the afternoon session after reports from Israeli media outlets suggested the cybersecurity firm was in advanced talks to be acquired by industry giant Palo Alto Networks. The speculation, which emerged from Hebrew-language publications, fueled a surge in trading volume to nearly double the daily average. While both companies declined to comment on what they termed "rumors or speculation," the reports suggested a potential deal could value SentinelOne between $8 billion and $10 billion. After the initial pop the shares cooled down and closed the day at $19.80, up 9.9% from previous close. Is now the time to buy SentinelOne? Access our full analysis report here, it's free. What Is The Market Telling Us SentinelOne's shares are quite volatile and have had 19 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock gained 3% on the news that Rosenblatt Securities initiated coverage with a "Buy" rating and a $24 price target. The investment firm noted that the AI-driven cybersecurity leader was "significantly undervalued," trading at an estimated 40% discount compared to its peers. Rosenblatt's analysis pointed to the company's strong year-over-year revenue growth and its successful shift toward non-endpoint solutions, which accounted for half of new bookings. The firm also highlighted SentinelOne's improving free cash flow, suggesting a clear path to value creation. This new rating presented a "compelling opportunity" for investors with a long-term perspective who could look past short-term macroeconomic challenges. SentinelOne is down 10.4% since the beginning of the year, and at $20.22 per share, it is trading 29.5% below its 52-week high of $28.68 from December 2024. Investors who bought $1,000 worth of SentinelOne's shares at the IPO in June 2021 would now be looking at an investment worth $475.76. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data