PKST News & Events

The major averages closed broadly higher as a dramatic reversal in the price of gold eased. Wall Street is kicking off February with gains as data showed manufacturing activity expanded the most since 2022, boosting optimism. Gold ultimately fell on the day, but the precious metal recovered most of an earlier plunge.Meanwhile, President Trump said on social media that, following a phone call with Indian Prime Minister Narendra Modi, he plans to lower India's reciprocal tariff rate to 18% from 25%.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Disneyreportedand provided its outlook for Q2 and FY26Oracleexpects toof gross cash proceeds in 2026Nvidia'splan to, The Wall Street Journal reported, though Bloomberg later reported that Nvidia CEO Jensen Huang said the company's new OpenAI investment will be "huge"Devon Energyand Coterra Energyagreed to, implying a combined enterprise value of $58BPresident Trump lowered India's reciprocal tariff rate tofollowing a call with India's Prime Minister Narendra Modi2. WALL STREET CALLS:William BlairPalantirto Outperform after 30% pullbackHumanato Underweight at Morgan StanleyMcDonald'sto Buy at BTIG after talks with franchiseesScotiabankFortineton less share optimism for 2026Best Buyto Neutral at JPMorgan3. AROUND THE WEB:The United Steelworkers union did not accept or reject Marathon Petroleum'slatest contract offer, Reuters saysFordheld discussions with Xiaomiover a partnership to help Chinese carmakers gain a foothold in the U.S., FT reportsAlibabahas delivered more than 100,000 units of the Zhenwu 810E, an ASIC for AI training and inference, surpassing those of its domestic rival Cambricon, SCMP reportsA consortium led by KKRis close to a deal to purchase ST Telemedia Global Data Centres, a global data center provider based in Singapore, in a deal that values the company over $10B, WSJ saysWarner Bros. Discoverywill likely allow its shareholders to vote on its Netflixagreement in March, CNBC says4. MOVERS:Brookfield Asset Managementgains after announcingPeakstone Realty Trustfor $21 per sharePerspective Therapeuticsincreases afterYextdeclines after announcing its CEO hasto acquire all shares of the companyEldoradofalls after announcing itin a C$3.8B transactionXPenglower after announcing 20,011 vehicles5. EARNINGS/GUIDANCE:Tyson Foods, with EPS and revenue beating consensusAptivand provided guidance for FY26Revvity, with CEO Prahlad Singh commenting, "We finished 2025 on a strong note"OperaTwist Bioscienceand raised its guidance for FY26INDEXES:The Dow rose 515.19, or 1.05%, to 49,407.66, the Nasdaq gained 130.29, or 0.56%, to 23,592.11, and the S&P 500 advanced 37.41, or 0.54%, to 6,976.44.

The major averages were broadly higher near noon as a dramatic reversal in the of gold eased. Wall Street is kicking off February with gains as solid factory data bolstered optimism. Data showed manufacturing activity expanded the most since 2022. While gold was down 4.5% near midday, it pared most of an earlier plunge.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Disneyreportedand provided its outlook for Q2 and FY26Oracleexpects toof gross cash proceeds in 2026Nvidia'splan to invest $100B in OpenAI has stalled,, though Bloomberg later reported that Nvidia CEO Jensen Huang said the company's new OpenAI investment will be "huge"Devon Energyand Coterra Energyagreed to merger in, implying a combined enterprise value of $58BTyson Foods, with EPS and revenue beating consensus2. WALL STREET CALLS:William BlairPalantirto Outperform after 30% pullbackHumanato Underweight at Morgan StanleyMcDonald'sto Buy at BTIG after talks with franchiseesScotiabankFortineton less share optimism for 2026Best Buyto Neutral at JPMorgan3. AROUND THE WEB:Fordheld discussions with Xiaomiover a partnership to help Chinese carmakers gain a foothold in the U.S., FT reportsAlibabahas delivered more than 100,000 units of the Zhenwu 810E, an ASIC for AI training and inference, surpassing those of its domestic rival Cambricon, SCMP reportsA consortium led by KKRis close to a deal to purchase ST Telemedia Global Data Centres, a global data center provider based in Singapore, in a deal that values the company over $10B, WSJ saysTeslaCEO Elon Musk's SpaceX is seeking FCC approval to launch 1M satellites that will orbit the Earth and harness the sun to power AI data centers, Reuters saysWarner Bros. Discoverywill likely allow its shareholders to vote on its Netflixagreement in March, CNBC says4. MOVERS:Brookfield Asset Managementgains after announcing it willfor $21 per sharePerspective Therapeuticsincreases afterat $3.79Yextdeclines after announcing itshis previously announced proposal to acquire all shares of the companyEldoradofalls after announcingin a C$3.8B transactionXPenglower after announcingin January5. EARNINGS/GUIDANCEAptivand provided guidance for FY26Revvity, with CEO Prahlad Singh commenting, "We finished 2025 on a strong note"Napco Security (NSSC) reportedand raised its quarterly dividendOperaTwist Bioscienceand raised its guidance for FY26INDEXES:Near midday, the Dow was up 0.89%, or 432.99, to 49,325.46, the Nasdaq was up 0.66%, or 154.36, to 23,616.18, and the S&P 500 was up 0.56%, or 38.55, to 6,977.58.

Brookfield Asset Management (BAM) and Peakstone Realty Trust (PKST) announced that they have entered into a definitive agreement in which a Brookfield private real estate fund would acquire all of the outstanding shares of Peakstone for $21.00 per share in cash. The all-cash transaction represents an implied enterprise value of approximately $1.2B. The proposed purchase price represents a premium of 34% to Peakstone's share price on January 30, the last full trading day prior to this announcement, as well as a 46% premium to the company's 30-day volume weighted average price and a 51% premium to the company's 90-day VWAP, for the period ended January 30. The transaction has been unanimously approved by the Peakstone board and is expected to close by the end of the second quarter of 2026, subject to customary closing conditions, including approval by the company's shareholders. The definitive agreement includes a 30-day "go-shop" period expiring at 11:59 p.m. New York City time on March 4, during which time the company, with the assistance of its advisors, may actively solicit and consider alternative acquisition proposals and engage in discussions with third parties. Subject to the terms and conditions of the definitive agreement, including notice and negotiation rights in favor of Brookfield, the company may terminate to enter into a transaction that constitutes a superior proposal, subject to the payment of a termination fee. As a condition to the transaction, Peakstone has agreed to suspend payment of its regular quarterly dividend, effective immediately, until the earlier of the closing or the termination of the definitive agreement. The outside date pursuant to the definitive agreement is August 2. Subject to and upon completion of the transaction, Peakstone's shares will no longer trade on the New York Stock Exchange, and Peakstone will become a privately-held company.