Latest News
Cardinal Health Stock Hits Record High on Strong Fiscal 2027 Outlook
Cardinal Health shares surged to a record high after the company issued a fiscal 2027 earnings forecast that exceeded analyst expectations, driven by strong segment performance.
Fermi Surges 16% on $6.5B TensorWave Lease, Financing Risks Loom
Fermi stock rose 16% after a $6.5B lease with TensorWave, but financing and construction risks persist. Shares remain far below IPO price.
AbCellera Surges 34% as Menopause Drug Hits Phase 2 Goals
AbCellera (ABCL) surged 34% after its menopause drug ABCL635 met Phase 2 efficacy endpoints, reducing hot flash frequency and severity with no dropouts.
eToro Beats Q2 Forecasts, Buys TradeZero for $231M to Expand US Reach
eToro exceeded Q2 profit estimates and agreed to acquire TradeZero for up to $231 million, accelerating its US expansion amid shifting trading activity.
Sandisk Gets Buy Rating and $1,600 Target Ahead of Investor Day
Argus Research upgrades Sandisk to Buy with a $1,600 target, citing long-term contracts. Investor Day on Thursday will test the margin trade-off.
Sionna Plunges 91% as CF Drug Fails Trial, Market Cap Drops Below Cash
Sionna shares fell 91% after its CF drug SION-719 failed a Phase 2a trial, with efficacy far below expectations. The stock now trades below cash value.
Bernstein Lifts Microsoft Target to $660 on Azure Momentum
Bernstein raised its Microsoft price target to $660, citing surging Azure growth and a shift in AI spending risk perception. The stock remains at a discount to historical valuation.
Ambiq Q2 Revenue Soars 90%, Supply Constraints Loom
Ambiq Micro's Q2 revenue jumped 90% to $33.9M, beating estimates, but supply constraints could limit future growth. Shares rose 6% premarket.
JBS Names New CEO as Q2 Loss Misses Forecasts
JBS posts a surprise $102.1 million Q2 loss and appoints Wesley Batista Filho as CEO, effective January 2027.
Small Business Optimism Hits 11-Month High, Labor Shortages Persist
U.S. small business optimism climbed to an 11-month high in July, but labor shortages and rising borrowing costs could temper growth prospects.
Ouster Expands Utah Lidar Network to Nearly 300 BlueCity Sites
Ouster (OUST) expands BlueCity lidar in Utah by 160 intersections, approaching 300 sites. Q2 revenue up 56% to $54.6M, though net loss remains.