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Canadian Portfolio Managers Pick Dividend Stocks on July 8, 2026
Rebecca Teltscher and Ernest Wong share their top stock picks for July 8, 2026. Both managers favor Canadian dividend stocks and energy plays amid elevated valuations and geopolitical risks.
Tesla Stock Rises on SpaceX Merger Buzz; RBC Lifts Target to $500—July 8
Tesla stock rises on SpaceX merger speculation. RBC raises price target to $500 with 24% upside. JPMorgan flags China regulatory risks as key hurdle.
Rocket Lab Stock Jumps on $8B Iridium Deal and Morgan Stanley Bull Case—July 8
Rocket Lab to buy Iridium for $8B. Morgan Stanley sets bull target at $293. RKLB stock down 17% this week but up 115% over 12 months. Deal closes mid-2027.
Rheinmetall and Lockheed Martin to Build ATACMS Missiles in Germany
Rheinmetall and Lockheed Martin plan to manufacture ATACMS missiles at a new facility in Unterlüss, Germany. The deal, signed at NATO’s Ankara summit, represents the first European production of these tactical weapons.
RVRC Holding (STO: RVRC) to Acquire 90.1% of ICANIWILL in SEK 700 Million Deal
RVRC is expanding its presence in the Nordic sportswear market through a major acquisition announced on July 8, 2026. RVRC Holding AB, the parent company behind outdoor apparel brand RevolutionRace, has agreed to acquire 90.1% of sportswear company ICANIWILL (ICIW). The transaction values the business at SEK 700 million on a cash and debt-free basis,…
Marksans Pharma (NSE: MARKSANS) Rises Nearly 4% After Acquiring Germany’s ABCnow GmbH
On July 8, 2026, Marksans Pharma (NSE: MARKSANS) climbed nearly 4% after announcing the acquisition of Germany-based ABCnow GmbH. The deal comes only weeks after the company’s expansion into the Netherlands and reflects its continued focus on growing in regulated international markets. Investors are now watching whether these overseas acquisitions will increase revenue, widen the…
KOSPI Slides 5.7%, Nears Bear Market as Samsung (005930.KS) Drops 6.9% and SK Hynix (000660.KS) Falls 5%
South Korea’s KOSPI index tumbled 5.7% on July 8, 2026, pushing the benchmark toward bear market territory. Samsung Electronics dropped 6.9%, while SK Hynix fell 5%. The selloff extended a brutal stretch that began with a historic circuit breaker in Samsung shares on July 7. Foreign investors dumped hundreds of billions of won in semiconductor…
SpaceX Shares Fall 2.3% Ahead of Nasdaq 100 Entry as Morgan Stanley Sets $300 Price Target
SpaceX shares slipped about 2.3% on July 7, 2026, as investors looked ahead to the company’s upcoming addition to the Nasdaq 100. The decline came even after Morgan Stanley initiated coverage with a $300 price target, reflecting confidence in the company’s long-term growth. Some investors chose to lock in gains before the index inclusion, while…
Syntiant IPO Filed: Intel, Microsoft-Backed AI Chipmaker Reports $64.5M Revenue, $26.2M Net Loss
On July 7, 2026, AI chipmaker Syntiant filed for a US initial public offering (IPO), taking another step towards becoming a publicly traded company. Backed by Intel and Microsoft, the company reported $64.5 million in revenue and a $26.2 million net loss in its latest filing. Interest in AI chip companies remains strong, and investors…