CrowdStrike Slips 5.3% Ahead of Earnings; Options Signal 10% Move
Earnings James Calloway

CrowdStrike Slips 5.3% Ahead of Earnings; Options Signal 10% Move

CrowdStrike shares dropped 5.3% to $201.58 ahead of its Aug 26 earnings, with options pricing a 10% move. The decline is a pre-earnings de-risking, not a post-results verdict.

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Hyperliquid Strategies Soars 23% on US Compliance Hopes
Crypto Sarah Chen

Hyperliquid Strategies Soars 23% on US Compliance Hopes

Hyperliquid Strategies (PURR) surged 23% after Trump indicated a US compliance path for HYPE, with shares hitting $8.88 and trading volume 3.3x average.

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MRK Surges 13% on Cancer Vaccine Data, Market Cap Jumps $44B
Markets Daniel Marsh

MRK Surges 13% on Cancer Vaccine Data, Market Cap Jumps $44B

Merck (MRK) shares soared 13.3% to $153.12 after promising Phase 3 data for its melanoma vaccine with Moderna (MRNA), boosting market cap by $44.4B.

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Samsung Foundry Price Hike Highlights AI Chip Capacity Crunch
Technology Sarah Chen

Samsung Foundry Price Hike Highlights AI Chip Capacity Crunch

Samsung's foundry price hike of up to 15% signals tight AI chip capacity. TSMC shares remain flat despite strong July revenue growth of 44.7%.

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S&P 500 Recovers Most of Tuesday's Loss, Healthcare Leads as Tech Lags
Markets Daniel Marsh

S&P 500 Recovers Most of Tuesday's Loss, Healthcare Leads as Tech Lags

The S&P 500 bounced back on Wednesday, recovering most of Tuesday's decline, but leadership shifted to healthcare as technology remained flat.

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Eli Lilly Stock Near Record as Volume Surge Offsets Price Cuts
Earnings James Calloway

Eli Lilly Stock Near Record as Volume Surge Offsets Price Cuts

Eli Lilly (LLY) nears all-time high as Q2 volume surges 60%, offsetting a 13% price drop. Mounjaro and Zepbound account for 64% of revenue.

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Fed Minutes Signal More Hikes, but Treasury Buybacks Mute Long-End Reaction
Markets Daniel Marsh

Fed Minutes Signal More Hikes, but Treasury Buybacks Mute Long-End Reaction

Fed minutes show wider backing for a July hike, but Treasury buybacks keep long yields in check. Two-year yield barely moves while 30-year falls.

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Loonie Hits 2½-Month Peak; Tariff Truce Leaves Risk Skewed
Forex Rebecca Torres

Loonie Hits 2½-Month Peak; Tariff Truce Leaves Risk Skewed

The Canadian dollar climbed to its strongest level since June 2, buoyed by a temporary U.S. tariff suspension, yet a 1.4-to-1 downside risk skew persists as trade talks remain uncertain.

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CXMT's $586B Valuation Hinges on Tiny 6.7% Float
IPO Michael Okonkwo

CXMT's $586B Valuation Hinges on Tiny 6.7% Float

CXMT's $586B market cap is supported by only 6.7% tradable shares, amplifying volatility. The stock fell 2.77% to ¥57.55, but remains up 7.5% since Aug. 12.

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Salesforce Stock Surges 4.9% on JPMorgan's Bullish $250 Target
Markets Daniel Marsh

Salesforce Stock Surges 4.9% on JPMorgan's Bullish $250 Target

Salesforce (CRM) climbed 4.9% to $205.65 after JPMorgan set a $250 price target, implying 22% upside. The rally highlights optimism, but fiscal 2027 organic growth and margin targets remain a key focus.

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Chip ETF Slips as Marvell-Broadcom Deal Talks Collapse
Markets Daniel Marsh

Chip ETF Slips as Marvell-Broadcom Deal Talks Collapse

The VanEck Semiconductor ETF (SMH) dropped 1.2% after Marvell and Broadcom ended merger talks, triggering a broader chip selloff despite gains in the S&P 500.

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Lumentum Stock Slides on Capacity Concerns Despite Strong AI Demand
Markets Daniel Marsh

Lumentum Stock Slides on Capacity Concerns Despite Strong AI Demand

Lumentum shares dropped 3.9% as investors focus on capacity challenges despite a 24% revenue growth forecast and strong AI-driven demand.

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