Hims & Hers Health shares (HIMS) surged 9% on Wednesday after Canaccord Genuity raised its price target on the telehealth company, citing improving sales trends, momentum in its weight-loss business, and growing optimism around its peptide opportunity.Canaccord analyst Maria Ripps maintained a Buy…
The race for semiconductor supremacy has taken an unexpected turn. High-profile names are now increasingly backing Intel (INTC) over its arch-rival Advanced Micro Devices (AMD).Veteran investor Paul Pelosi – former House Speaker Nancy Pelosi’s spouse – recently revealed a multi-million-dollar posit…
Tesla stock (TSLA) rose on Wednesday as investors positioned ahead of the electric-vehicle maker's closely watched second-quarter delivery report.Improving European sales data supported sentiment on Wednesday despite broader weakness across technology stocks.Shares of Tesla gained in early trading…
Investors are bailing on CoreWeave (CRWV) shares on July 1 following news that Meta Platforms (META) is building an internal cloud infrastructure business dubbed “Meta Compute”.The sell-off stems mostly from fears that a resourceful name like Meta may soon become a CRWV rival, but a deeper dive sug…
Small-cap stocks began the new trading month and quarter on a strong footing, with the Russell 2000 climbing to a fresh all-time high on Wednesday as investors continued rotating beyond the market's biggest technology companies.The index was up 0.65% on Wednesday, hitting a fresh high of 3046.59.Th…
Michael Burry has taken a bearish position against Caterpillar, arguing that the construction equipment maker has become one of the most overvalued beneficiaries of the artificial intelligence investment boom.Burry disclosed on Tuesday that he shorted Caterpillar shares at $1,060.98 as part of a br…
Famed investor Jim Cramer is urging investors to “be careful” on AeroVironment (AVAV) shares even though the drone specialist posted a strong Q4 release late on Jun. 29.The company reported an exciting $1.84 a share of earnings for its fourth quarter as revenue more than doubled year-over-year to a…
Intel INTC stock rallied 7% in trading on Tuesday as investors reacted to renewed optimism around artificial intelligence infrastructure spending and continued strength across the semiconductor sector.Other chip stocks also moved higher on Tuesday as chip stocks closed out a historic run in the sec…
SpaceX (SPCX) shares are pushing higher as investors aggressively position their portfolios ahead of the aerospace titan’s highly anticipated inclusion into the Nasdaq-100 index on Jul. 7.The upcoming milestone is fueling intense market optimization, as institutional traders race to get ahead of ma…
Enphase Energy (ENPH) stock is inching higher on Tuesday amidst a powerful mix of geopolitical catalysts and corporate positioning.Investors cheered the company’s shares following a fresh Reuters report that the FCC is drafting a proposal to ban imports of foreign energy inverters – specifically ta…
Viasat shares VSAT surged 10% on Tuesday, extending Monday's 23% rally as investors continued to react to a series of defense contract wins, growing optimism in the satellite sector, and a bullish analyst outlook.The stock has drawn increased attention following multiple US Space Force awards that…
Nvidia (NVDA) stock rose on Tuesday. Shares of Nvidia were up 1.5% at $197.96 in early trading.Despite the gain, Nvidia has significantly underperformed the broader semiconductor sector.The stock is up roughly 5% year to date, compared with a 94% gain for the PHLX Semiconductor Index.The muted perf…
Applied Materials (AMAT) shares drew investor attention on Monday, rising more than 10% after KeyBanc Capital Markets issued early commentary ahead of the company’s upcoming third-quarter earnings.The move came as markets reassessed expectations around the semiconductor equipment maker’s near-term…
BlackBerry Ltd (BB) has undergone a massive fundamental transformation, culminating in its Q1 earnings beat on June 24th.Driven by a 26% year-on-year increase in the QNX software division and the first positive operating cash flow in nine years, BB shares hit a new 52-week high of $12.15 on Monday…
Micron Technology (MU) shares fell on Monday after South Korea unveiled plans for a massive new semiconductor investment program.Shares of Micron were down about 1% at $1,117.19 after declining 6.7% on Friday.The pullback came as South Korea's industry minister said Samsung Electronics and SK Hynix…
US telecom stocks Verizon (VZ), T-Mobile (TMUS), and AT&T (T) are slipping this morning after Comcast (CMCSA) announced plans of splitting itself into two independent, public companies.The corporate overhaul will decouple CMCSA’s core telecom infrastructure from its huge media and entertainment seg…
Rocket Lab (RKLB) shares surged in trading on Monday after the company announced an $8 billion cash-and-stock acquisition of satellite communications provider Iridium Communications (IRDM), one of the biggest consolidation moves in the commercial space industry.Rocket Lab stock climbed 12% at the t…
Chip stocks including Intel (INTC), Advanced Micro Devices (AMD), and Arm Holdings (ARM) opened in the red this morning mostly due to technical quarter-end positioning.Amidst a lack of fresh positive catalysts, lingering earnings pressure and macroeconomic caution are also adding to the weakness in…
PancakeSwap's native token, CAKE, continues to face selling pressure despite several positive developments across its ecosystem.The token traded at $1.32 at the time of writing, down 1.8% over the past 24 hours, while extending its weekly decline to 4.9%.Over the past year, CAKE has lost 41.6% of i…
Dutch natural gas futures steadied after the kneejerk reaction that saw European natural gas prices plunge to a two-month low at the start of the week. The preliminary peace framework between the US and Iran have eased the market’s anxiety over energy disruptions.However, it may take some time for…