Tradewinds Universal Signs First U.S. Licensing Deal; Revenue Expected From Q4 2026

Jefferies upgraded Chemed (CHE) to Buy with a $620 price target, citing growth in its hospice business and margin gains. The firm expects earnings stability and valuation expansion. Chemed's Q2 earnings beat estimates, with adjusted EPS of $6.06 and revenue of $673.25M. UBS also initiated coverage with a Buy rating and $650 target, projecting strong EPS growth.

JPMorgan placed ArcelorMittal (MT) on Positive Catalyst Watch, maintaining an Overweight rating and €70 price target. The bank expects a 35% increase in 2027 operating income. ArcelorMittal is expanding its Tokadeh iron-ore plant in Liberia, investing $1.8B to boost shipments to 20M tons by 2026, including rail, power plants, and port upgrades.

KB Asset Management's RISE ETF, listed July 14, allocates 25% each to SpaceX and Tesla, with the rest in short-term U.S. Treasuries. SpaceX reported Q3 revenue of $14.6B, net income of $4.4B, its first quarterly profit. Elon Musk mentioned potential merger talks between Tesla and SpaceX. The ETF, with $25.8M in assets, offers retirement investors exposure to growth stocks and bonds.

Coinbase reported a security incident at vendor Amplitude, exposing contact info of some customers. Coinbase denied a breach of its own systems and stated funds were unaffected. The incident is part of broader cyberattack reports affecting financial firms. In May 2025, Coinbase disclosed another breach with up to $400M in costs.

Werner Enterprises' average stock price target was reduced from $39.07 to $38.67 by 15 analysts, with a range of $31 to $52. This implies a 32% upside from the Oct. 27 closing price. The consensus rating remains 'Hold' among 17 analysts, with 5 Buys, 10 Holds, and 2 Sells.

Lockheed Martin received a $694M contract from the U.S. Air Force to produce the ARRW hypersonic missile. The company expanded its Alabama facility for production, which will triple its current space and create jobs. ARRW, integrated on Boeing B-52H, travels over Mach 5 and is designed for contested environments. Lockheed funded the initial production efforts.