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SRX Global Surges on Buyback, But Key Math Reveals Limits
Markets Daniel Marsh

SRX Global Surges on Buyback, But Key Math Reveals Limits

SRX Global shares surged 28% on a $20M buyback, but the math reveals the plan can only retire 7.9M shares at current prices, well below the 10M cap.

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Dow Jones Gains Modestly as Chip Rally Lifts Nasdaq; Analysts Warn of Risks
Markets Daniel Marsh

Dow Jones Gains Modestly as Chip Rally Lifts Nasdaq; Analysts Warn of Risks

The Dow Jones edged up 0.27% on Thursday, recovering only 24% of Wednesday's drop, as a semiconductor rally led by Micron Technology lifted the Nasdaq 1.30%.

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Memory and Chip Stocks Lead Market Rally Beyond Nvidia
Markets Daniel Marsh

Memory and Chip Stocks Lead Market Rally Beyond Nvidia

Memory and chip stocks led a broad market rally, with Micron's huge U.S. investment boosting AI supply chain names. Risks from inflation and Fed policy persist.

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Sandisk Surges $33.5B in Market Cap; August Events to Test Rally's Staying Power
Markets Daniel Marsh

Sandisk Surges $33.5B in Market Cap; August Events to Test Rally's Staying Power

Sandisk surged 12.4% on Thursday, gaining $33.5B in market cap. August earnings and Investor Day will test if AI-driven NAND demand can sustain the rally.

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Ionis Plunges 23% After Wainua Misses Key Goal in Heart Disease Trial
Markets Daniel Marsh

Ionis Plunges 23% After Wainua Misses Key Goal in Heart Disease Trial

Ionis stock tumbled 23% after Wainua missed its primary endpoint in a major heart disease trial, erasing $3.2 billion in market value. The setback shifts attention to the company's TRYNGOLZA launch.

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USPS Forever Stamp Price Hits 82 Cents; Volume Decline Pressures Mail Stocks
Markets Daniel Marsh

USPS Forever Stamp Price Hits 82 Cents; Volume Decline Pressures Mail Stocks

The USPS will increase the Forever stamp price to 82 cents on July 12, part of broader rate hikes aimed at offsetting declining mail volumes. The move raises risks for mail-exposed stocks like Pitney Bowes, UPS, and FedEx.

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SoFi Shares Surge on Goldman Sachs Upgrade and New ETF Launch
Markets Daniel Marsh

SoFi Shares Surge on Goldman Sachs Upgrade and New ETF Launch

SoFi Technologies gained 4.3% as Goldman Sachs hiked its target to $21 and the fintech firm rolled out a new covered-call ETF. Year-to-date losses remain near 30%.

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Rivian Completes $1.32B Stock Sale, Shares Rebound 8.9%
Markets Daniel Marsh

Rivian Completes $1.32B Stock Sale, Shares Rebound 8.9%

Rivian shares climbed 8.9% after underwriters took full option on its stock sale, raising $1.32B. The EV maker now faces a key test: doubling H1 deliveries to meet its 2026 target.

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Julong Stock Surges 104% on Massive Volume, Volatility Pause Triggered
Markets Daniel Marsh

Julong Stock Surges 104% on Massive Volume, Volatility Pause Triggered

Julong Holding shares surged 104.3% to $6.25 on volume of 50 million shares, 192 times its 65-day average, triggering a market volatility pause.

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Rackspace Stock Plunges on Guidance Cut and New Equity Plan
Markets Daniel Marsh

Rackspace Stock Plunges on Guidance Cut and New Equity Plan

Rackspace shares tumbled 29% as the company slashed its 2026 revenue forecast by $150 million and unveiled a $250 million stock sale plan, overshadowing its AI ambitions.

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Wrap Technologies Surges 50% on ATF Ruling and Drone Defense News
Markets Daniel Marsh

Wrap Technologies Surges 50% on ATF Ruling and Drone Defense News

Wrap Technologies stock surged 50% after the ATF ruled its BolaWrap 150 is not a firearm, potentially shortening sales cycles. The company also announced a counter-drone system.

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Nokia surges 9.6%, adds €5.6B in market cap on AI defense deal
Markets Daniel Marsh

Nokia surges 9.6%, adds €5.6B in market cap on AI defense deal

Nokia shares surged 9.64% in Helsinki, adding €5.6B in market cap, fueled by investor optimism around its AI-networking strategy and a new defense collaboration.

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