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Samsung workers approve pay deal, shares surge
Reuters Videos94d agobullishVIDEO
Samsung workers approve pay deal, shares surge

<body><p>STORY: :: Archive</p><p>Unionized workers at Samsung Electronics have approved a highly contentious bonus pay deal, averting a massive 18-day strike.</p><p>Two unions for the world's largest memory chip maker said Wednesday that 74% of over 62,000 workers who cast their votes had backed the deal.</p><p>Shares in Samsung surged around 7% in morning trade following the news.&nbsp;</p><p>The government-mediated agreement brought relief across South Korea as Samsung accounts for roughly a quarter of the country's exports.</p><p>But the agreement also exacerbates deep disparities in fortunes among workers at the conglomerate.</p><p>:: Archive</p><p>It mainly benefits staff in the memory chip division, which has seen profits soar due to the colossal investments globally in AI.</p><p>Some of those workers are set to receive bonuses of around $416,000 this year.</p><p>Workers in Samsung's other chip units will receive less but still substantial bonuses, while employees in its consumer electronics divisions are set to receive very little by comparison.</p></body>

Stock Futures Rise as Market Bids to Extend Record Rally
Barrons.com94d agobullish
Stock Futures Rise as Market Bids to Extend Record Rally

S&P 500 futures added 0.1% and contracts tied to the tech-heavy Nasdaq 100 also climbed 0.1%. Both the S&P 500 and the Nasdaq hit records the previous session, powered higher by memory-chip maker Micron Technology and flash-memory product supplier Sandisk. The Dow closed in the red, spoiling the blue-chip index’s 130th birthday.

SpaceX IPO Spotlight Puts Redwire’s Rapid Rally Under The Microscope
Simply Wall St.94d agobullish
SpaceX IPO Spotlight Puts Redwire’s Rapid Rally Under The Microscope

SpaceX has announced plans to go public in what is expected to be the largest space IPO to date. The news has drawn fresh investor attention to Redwire (NYSE:RDW) and other space related stocks. Redwire’s profile has risen with both retail and institutional investors as capital is reallocated across the sector. For Redwire, this sector wide spotlight is landing on a stock that has already seen strong recent moves. NYSE:RDW closed at $22.04, with the share price up 58.4% over the past week,...

Arete Upgrades Okta, Inc. (OKTA) Rating to Buy
Insider Monkey94d agobullish
Arete Upgrades Okta, Inc. (OKTA) Rating to Buy

Okta, Inc. (NASDAQ:OKTA) is one of the 10 Best Cybersecurity Stocks to Buy According to Short Sellers. On May 26, TheFly reported that Arete analyst Ellie Kearney upgraded Okta’s rating to Buy from Sell, setting a price target of $127 price target. The analyst said it expects a “modest beat-and-raise” quarter for Okta, driven by […]

Wells Fargo Reiterates Palo Alto Networks (PANW) Buy Rating
Insider Monkey94d agobullish
Wells Fargo Reiterates Palo Alto Networks (PANW) Buy Rating

Palo Alto Networks (NASDAQ:PANW) is one of the 10 Best Cybersecurity Stocks to Buy According to Short Sellers. On May 21, Wells Fargo analyst reiterated a Buy rating on Palo Alto Networks with a price target of $285, according to a report by TipRanks. On May 20, TheFly reported that Cantor Fitzgerald increased its price […]

Redwire (RDW) Flies to Record High as Space Stocks Rocket
Insider Monkey94d agobullish
Redwire (RDW) Flies to Record High as Space Stocks Rocket

Redwire Corp. (NYSE:RDW) is one of the 10 Stocks With Jaw-Dropping 14-74% Gains. Redwire rallied for a fourth consecutive day on Tuesday to hit a new 52-week high, as investors took heart from the positive developments surrounding the space sector, with the National Aeronautics and Space Administration (NASA) awarding new multi-million-dollar contracts to key players. […]

Futu Holdings (FUTU) Soars 20% Ahead of Q1 Earnings
Insider Monkey94d agobullish
Futu Holdings (FUTU) Soars 20% Ahead of Q1 Earnings

Futu Holdings Ltd. (NASDAQ:FUTU) is one of the 10 Stocks With Jaw-Dropping 14-74% Gains. Futu snapped a two-day losing streak on Tuesday, climbing 20 percent to close at $107.70 apiece, as investors positioned portfolios ahead of the results of its earnings performance in the first quarter of the year. In a notice on its website, […]

Micron (MU) Hits All-Time High as $2B Virginia Facility Now on Full Gear
Insider Monkey94d agobullish
Micron (MU) Hits All-Time High as $2B Virginia Facility Now on Full Gear

Micron Technology Inc. (NASDAQ:MU) is one of the 10 Stocks With Jaw-Dropping 14-74% Gains. Micron Technology kicked off the trading week soaring to a new all-time high, as investors gobbled up shares following news that it officially started the full operations of its new $2-billion facility in Manassas, Virginia. In a statement late last week, […]

United Microelectronics (UMC) Hits All-Time High on Expansion Initiatives
Insider Monkey94d agobullish
United Microelectronics (UMC) Hits All-Time High on Expansion Initiatives

United Microelectronics Corp. (NYSE:UMC) is one of the 10 Stocks With Jaw-Dropping 14-74% Gains. United Microelectronics bounced back on Tuesday to hit a new all-time high, as investors took heart from its ongoing expansion plan supported by the acquisition of several assets. In intra-day trading, United Microelectronics Corp. (NYSE:UMC) climbed to its highest price of […]