Articles by Daniel Marsh
Ford Shares Slide for Fifth Session as EV Sales Plunge and Rate Fears Mount
Ford shares slid for a fifth consecutive session, closing at $14.90, after May U.S. sales dropped 13.6% and EV sales plunged 43.9%. Traders are balancing Ford Energy's growth story against weak demand, recalls, and rate hike fears.
Amazon Slips as Tech Selloff Intensifies; AWS Deal Fails to Stem Losses
Amazon dropped 3.1% on Friday despite a $4 billion AWS deal with Pinterest, as tech selling and rate fears hit the Nasdaq. Investors focus on AI spending, falling free cash flow, and new EU cloud rules.
NuScale Power Slumps 12.5% as Nuclear Sector Faces Broad Selloff
NuScale Power shares plunged 12.5% on Friday amid a broad tech selloff, with weak Q1 revenue and a net loss weighing on sentiment. The nuclear sector also saw declines in peers Oklo and Nano Nuclear Energy.
Rigetti Computing Shares Plunge 19% on Rate Hike Fears; Government Funding Still in Limbo
Rigetti Computing shares fell 19% last week, closing at $20.68, as a strong U.S. jobs report stoked rate hike fears, pressuring high-growth tech stocks. The company awaits a key $100 million government funding letter.
Wall Street Selloff Halts S&P 500's Nine-Week Rally; AI Stocks Tumble, SpaceX IPO Looms
The S&P 500 snapped its nine-week winning streak Friday as tech stocks plunged 5.8%, wiping out $1.3 trillion in chipmaker value. Markets now eye May inflation data and SpaceX's IPO.
Archer Aviation Plunges 13% as Rate Worries Weigh on Pre-Revenue Stocks
Archer Aviation fell 13.2% on Friday as a strong jobs report fueled rate hike fears, hitting pre-revenue stocks. The company faces key tests with inflation data and FAA certification.
Redwire Stock Tumbles 25% as Space Sector Selloff Overpowers Strawberry Contract Win
Redwire Corp (RDW) shares plunged 25% this week to $18.45 after Jefferies downgraded the stock to Hold, citing limited near-term upside. A space-agriculture contract win failed to offset a broad selloff in speculative space stocks.
Ondas Shares Slide 13% on Dilution Fears Despite Navy Deal and $110M in Orders
Ondas shares dropped 12.9% Friday after a Navy balloon contract and strong orders were offset by dilution fears from a share resale filing and ongoing losses.
Tesla Slumps Despite JPMorgan Upgrade as Tech Selloff Weighs
Tesla fell 6.56% to $391.00 Friday, as a tech selloff and rate fears offset JPMorgan's upgrade to neutral and $475 target. The stock faces headwinds from macro pressures and SpaceX IPO distraction.