ASX 200 Weekly Gain Erased by Friday Slump Amid Oil Shock and RBA Rate Hike
Markets Daniel Marsh

ASX 200 Weekly Gain Erased by Friday Slump Amid Oil Shock and RBA Rate Hike

Australian stocks ended the week barely higher after a Friday sell-off erased A$50 billion. The RBA's rate hike and oil price volatility weighed heavily on financials.

ASX ANZBY
McCormick Stock Plunges 35% in a Year; DCF Suggests 57.5% Undervaluation
Markets Daniel Marsh

McCormick Stock Plunges 35% in a Year; DCF Suggests 57.5% Undervaluation

McCormick & Company shares have dropped 35.3% in the past year, closing at $47.90. A DCF analysis, however, estimates an intrinsic value of $112.76, pointing to a potential 57.5% undervaluation.

MKC CENX CRCL
S&P 500 and Nasdaq Close at Record Peaks on AI Surge and Strong Jobs Data
Markets Daniel Marsh

S&P 500 and Nasdaq Close at Record Peaks on AI Surge and Strong Jobs Data

The S&P 500 and Nasdaq closed at record highs Friday, fueled by strong AI demand and better-than-expected April jobs data, while after-hours action was muted.

NVDA MU WDC NET TTD EXPE CSCO AMAT
Humana Shares Surge 11% on Medicare Advantage Optimism
Markets Daniel Marsh

Humana Shares Surge 11% on Medicare Advantage Optimism

Humana shares surged 11.27% on Friday amid renewed Medicare Advantage optimism after CVS raised its 2026 profit outlook, though concerns over Star Ratings and funding persist.

HUM CVS UNH ELV
UnitedHealth Stock Rebounds on Easing Medical Costs and Raised Outlook
Markets Daniel Marsh

UnitedHealth Stock Rebounds on Easing Medical Costs and Raised Outlook

UnitedHealth shares rose 2.8% to $379.98, extending gains on easing medical-cost pressures. Q1 revenue hit $111.7B, and the company raised its full-year adjusted earnings outlook above $18.25/share.

UNH CVS HUM ELV
Navitas Semiconductor Surges as AI Data Center Pivot Accelerates
Technology Sarah Chen

Navitas Semiconductor Surges as AI Data Center Pivot Accelerates

Navitas Semiconductor shares surged 15% to $18.20 after Q1 revenue rose 18% sequentially to $8.6 million, driven by growth in AI data center and grid markets. Needham raised its price target to $21.

NVTS
Western Digital Rises on AI Storage Demand and Sandisk Divestiture Progress
Technology Sarah Chen

Western Digital Rises on AI Storage Demand and Sandisk Divestiture Progress

Western Digital shares gained 3.5% as the company continues its Sandisk exit and reports strong AI-driven HDD demand. Q3 revenue hit $3.34B, up 45% YoY, with Q4 guidance above expectations.

WDC SNDK STX
Seagate CFO Sells $19M in Stock as AI Storage Rally Nears Peak
Markets Daniel Marsh

Seagate CFO Sells $19M in Stock as AI Storage Rally Nears Peak

Seagate CFO Gianluca Romano sold about $18.9 million in shares on May 6-7 under a pre-arranged plan, as the stock closed near record highs on AI storage demand.

STX WDC NTAP
Amphenol Shares Tumble 6% Amid Dividend, Debt, and AI Demand Story
Markets Daniel Marsh

Amphenol Shares Tumble 6% Amid Dividend, Debt, and AI Demand Story

Amphenol shares dropped 6% Friday, underperforming peers, even as the company reported record Q1 sales of $7.6 billion and announced a €1.1 billion senior notes offering.

APH ETN TEL
Firefly Aerospace Gains 22% as Defense Contracts Boost Investor Sentiment
Markets Daniel Marsh

Firefly Aerospace Gains 22% as Defense Contracts Boost Investor Sentiment

Firefly Aerospace stock jumped 22.6% to $39.68 Friday, driven by strong Q1 revenue and a Space Force contract win. Analysts see potential in defense and lunar programs.

FLY
Destiny Tech100 Surges on SpaceX IPO Buzz, Premiums Soar
IPO Michael Okonkwo

Destiny Tech100 Surges on SpaceX IPO Buzz, Premiums Soar

Destiny Tech100 shares surged 21% to $54.60 on Friday, fueled by SpaceX IPO anticipation. The closed-end fund now trades at a 173% premium to its NAV.

SPY QQQ
Redwire Soars 20% on Record Backlog, ATM Offering Raises Dilution Concerns
Earnings James Calloway

Redwire Soars 20% on Record Backlog, ATM Offering Raises Dilution Concerns

Redwire shares jumped 20% on a record $498.1M backlog and reaffirmed 2026 revenue outlook, but a $350M stock offering plan tempers investor enthusiasm.

RDW