Twilio to join S&P 500 as S&P Dow Jones reshuffles indices

Corteva Inc. and affiliates EIDP Inc. and Vylor Inc. secured a stay on an asset freeze preventing stock buybacks and dividends while appealing a PFAS liability case, according to the Seventh Circuit. The Indiana district court had imposed the freeze earlier this month.

South Africa's GMO Executive Council approved field trial permits for Corteva Agriscience's GM canola. Environmental groups oppose it, citing risks of chemical dependence and genetic contamination. Grain SA's CEO argues access to such technology is crucial for farmers' competitiveness. Trials will last three seasons, with strict containment measures.

BTIG analyst Nick Altmann reiterated Twilio as his top large-cap software pick, raising the price target to $315 and maintaining a Buy rating. The stock has climbed 16% in 1.5 months due to S&P 500 inclusion and AI agent enthusiasm. The analyst expects strong growth momentum and margin improvements, justifying a premium valuation.

Starboard Value sees upside in Skyworks Solutions (SWKS) post-Qorvo (QRVO) acquisition, citing undervaluation, complementary portfolios, and cost savings. The combined company targets $500M in annual savings and 30–35% operating margins within 2–3 years. The merger, valued at ~$22B, expands Skyworks' market reach.

BTIG raised its price target for Twilio (TWLO) to $315 from $285, citing anticipation of its S&P 500 inclusion and growing interest in AI agents. The firm expects modest near-term revenue from AI agents, with long-term opportunities in messaging, voice, and identity. Twilio shares rose 1.50% in premarket trading.

Skyworks Solutions (SWKS) stock rose 1.8% after Apple's iPhone Duo pre-orders showed strong demand, benefiting component suppliers. An analyst update and recent Qorvo merger also supported the stock, which traded between $78.94 and $80.60. Cirrus Logic (CRUS) also gained. The Nasdaq fell 0.4%.