Denitsa Tsekova

Sphere Entertainment was upgraded by Guggenheim with a Street-high price target, with the analyst seeing more small and midsize Sphere projects in different states and larger opportunities in Asian markets such as South Korea and Japan.

Uber is laying off about 3,300 employees, or 10% of staff, reducing management layers and shifting resources toward robotaxi partnerships. Bloomberg Intelligence estimates the restructuring will produce around $2 billion in annual savings, supporting the stock despite its year-to-date underperformance.

Walmart (WMT) shares declined for a 4th straight day. HSBC cut the recommendation to HOLD, citing a "surprisingly weak" outlook for 2026 despite solid past trends. The "K-shaped recovery" is weighing on the company. With inflation remaining "hot" (per Olu Sonola) and growth slowing, the low-end consumer is squeezed. Weak guidance from a bellwether like Walmart suggests the consumer recession is deepening. SHORT WMT on deteriorating fundamentals and weak guidance. Defensive rotation into consumer staples if the war narrative escalates.