#equities

Apollo proposed £7.15 per easyJet share, valuing the airline at about £5.7B and topping Castlelake’s £6.90 proposal. EasyJet shares rose about 14% as the board said it was minded to recommend the higher offer.

Delta Air Lines beat Q2 estimates with adjusted EPS of $1.56 and roughly $17.7B of adjusted revenue, but fuel costs near $4.4B pressured the stock. The carrier kept full-year EPS guidance at $6.50-$7.50 and guided Q3 EPS to $2.00-$2.50.

SK Hynix (000660.KS) priced 177.9M U.S. ADRs at $149, raising $26.5B in one of the largest foreign listings on a U.S. exchange. The Nasdaq debut gives U.S. investors a direct memory-chip and HBM vehicle as AI server demand keeps capital spending elevated.

Alibaba $BABA rose nearly 10% in early trading on July 8, with premarket gains above 8% near $106. IBD linked the move to a broader China AI rally as the Hang Seng China Enterprises Index gained 4.5%.

Hanwha Ocean (042660.KS) fell about 23% after Canada selected Germany’s Thyssenkrupp Marine Systems as preferred supplier for its next submarine fleet. The contract opportunity had been estimated at up to $100 billion over three decades, making the loss material for Korea’s defense-export trade.

Samsung Electronics (005930.KS) estimated Q2 operating profit at 89.4 trillion won, about 1,810% above last year and 6.2% above consensus, while revenue reached 171 trillion won. The stock still fell as much as 10% as investors questioned AI-memory margins after a 2026 rally.

Rivian $RIVN dropped about 10% after announcing a 75 million-share public offering, reversing Monday’s 8.1% gain and last week’s 19.2% advance. The company said underwriters will have a 30-day option for another 11.25 million shares, putting dilution at the center of the trade.

EasyJet shares rose 10.5% after the airline agreed in principle to a £5.5B ($7.3B) takeover bid from Castlelake. The offer followed a rejected £4.93B proposal and pushed the stock to a new 52-week high.

TeraWulf $WULF rose more than 16% in premarket trading after Anthropic signed a 20-year Kentucky data-center lease expected to generate about $19B. The site is planned for roughly 400 MW, with first power delivery targeted for the second half of 2027.

$BSP ended its Nasdaq debut at $40.50, about 40% above the $29 IPO price, after Bending Spoons completed a roughly $1.68B offering. The SEC prospectus and company release frame the deal as a large software IPO with acquisition currency now marked by public investors.

AeroVironment $AVAV gained as much as 28% after fiscal Q4 revenue rose 133% to $641.6M and funded backlog reached $1.2B. The company guided fiscal 2027 revenue to $2.125B-$2.225B.

$AVAV rose 19% after hours after fiscal Q4 adjusted EPS of $1.84 beat the $1.46 LSEG consensus and revenue of about $642M beat the $559M estimate. Funded backlog reached $1.2B, up 65% from a year earlier.