Latest News
Cisco Slumps 3.7% as Dividend Fails to Cushion AI-Driven Selloff
Cisco shares fell 3.69% on Thursday, a decline over ten times larger than the upcoming $0.42 quarterly dividend. The stock closed near the low end of analyst targets, with the median still pointing to a return to June highs.
Chevron Edges Exxon on Q2 Profit Yield Amid Holiday Week Slip
Chevron (CVX) posted a 2.9% Q2 profit yield, slightly ahead of Exxon (XOM) at 2.8%, but shares fell 1.1% in a holiday-shortened week. Oil price softness and a focus on refining margins and data-center power deals are key themes.
Sam's Club Open on July 4, Targets Costco Shoppers with Discounted Memberships
Sam's Club is open on July 4, offering discounted memberships to attract Costco shoppers. The move could help Walmart boost membership revenue, which rose 5.6% last quarter.
Himax Slips in Holiday-Shortened Week as Semiconductor Index Tumbles
Himax Technologies fell 7.65% in a holiday-shortened week, tracking the semiconductor sector's decline. A planned investee sale could bring a pre-tax gain of $23 million to $24 million, potentially exceeding Q2 profit per ADS.
Kroger's $1.65B Giant Eagle Buy: Low Multiple, High Ambition
Kroger buys Giant Eagle for $1.65 billion, a low 0.18x sales multiple, adding $9 billion in revenue. Deal faces antitrust review but aims to boost margins and EPS by 2027.
SpaceX Stock Wobbles Amid Index Rebalance and Wide Valuation Gap
SpaceX shares settle at $162, up from IPO but below peak, with analyst targets spanning $63 to $310 and index-tracking demand driving short-term volatility.
Meta's $62B AI Cloud Deals at Risk as Internal Plans Evolve
Meta's potential cloud business threatens $62B in AI capacity deals with CoreWeave and Nebius, as investors weigh capex risks and neocloud stock selloffs.
Theo Invests $20M in Fidelity International Tokenized Fund, FILQ
Theo invested $20 million in Fidelity International's FILQ tokenized fund via Sygnum, the first crypto-native platform allocation. FILQ's onchain assets total $55.1 million.