Chip Stocks Slide as South Korea's KOSPI Plunges, J&J Sinks 6%: Stock Market Today
Chip stocks sold off after a 5% KOSPI plunge, with Micron and Applied Materials sinking, while J&J fell despite a guidance raise.
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Bunge Global (NYSE:BG) raises FY2026 Adj EPS guidance from $9.00-$9.50 to $9.25-$9.75 vs $9.40 analyst estimate..
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Chip stocks sold off after a 5% KOSPI plunge, with Micron and Applied Materials sinking, while J&J fell despite a guidance raise.
JP Morgan analyst Thomas Palmer maintains Bunge Global (NYSE:BG) with a Overweight and lowers the price target from $140 to $139.
Filed: 2026-10-05 AccNo: 0001628280-26-064933 Size: 154 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 9.01: Financial Statements and Exhibits
Bunge Global (BG) benefits from strong soybean and softseed processing gains and Viterra integration with increased cost-synergy targets to $350 million. However, weak cash conversion, below-benchmark returns on invested capital, and persistent grain merchandising weakness create execution risks. The stock trades above its five-year median valuation, making synergy delivery and earnings consistency critical to investment thesis.