SPCX Stock Jumps 10% Premarket: Morningstar Boosts SpaceX’s Fair Value As Starship And Orbital AI Offer Long-Term Upside

DraftKings (DKNG) shares are down 40% YTD, but Morningstar analyst Dan Wasiolek argues the stock is undervalued, with a $39 fair value estimate. Despite regulatory uncertainty, Morningstar rates it five stars, forecasting 8.1% sales and 24.9% EBITDA growth from 2026-2035. The NBA's crackdown on player proposition markets is not expected to hinder sports betting demand.

Morningstar (MORN) shares rose 4.4% after launching Morningstar Direct AI, a software platform for investment professionals. The stock later settled at $201.46, up 2.9%. The AI tools integrate with Claude, Microsoft Copilot, and ChatGPT. Morningstar's stock is down 4.3% YTD and 11.7% below its 52-week high.

Morningstar (MORN) shares rose 4.5% to $199.61 after OpenAI integrated PitchBook's data into ChatGPT for Financial Services. The platform uses GPT-6 Astra for financial modeling and report creation, enhancing workflows for analysts. Investors view this as a validation of PitchBook's data and a potential licensing opportunity. Morningstar's stock is volatile, down 5.1% YTD and 19.8% from its 52-week high.

Stocks of Morningstar, Moody's, Goldman Sachs, Lazard, and StoneX rose 2.9%-3.3% after Fed Governor Waller signaled support for steady interest rates, citing disinflation trends. Waller noted PCE inflation dropped from 4.76% to 3.05% but warned of uncertainties. Market-implied odds for a September rate hike fell to 48.4%.

Morningstar DBRS said American Family Mutual Insurance will acquire Bowhead Specialty Holdings under a definitive agreement, and the deal should not change Bowhead’s credit ratings or trends. DBRS cited American Family’s improving 2025 statutory net income of $3.2B and expects broader resources and distribution. Transaction values Bowhead at about $1.2B, expected to close before end-2026.

Morningstar (NASDAQ: MORN) reported Q2 CY2026 revenue of $663.2 million, up 9.6% year on year, exceeding Wall Street estimates by 2.2%, according to the company. GAAP profit was $2.83 per share, 14.6% above analysts’ consensus. The stock was flat at $199.53 after the results.