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Chipotle Gains on JPMorgan Upgrade, But Earnings Test Awaits
CMG stock surged 4.8% after JPMorgan upgraded it to Overweight, citing a rare valuation reset, but upcoming Q2 earnings and cost challenges loom.
Planet Labs Shares Tumble 22% on $1.5 Billion ATM Stock Sale Plan
Planet Labs shares plunged 22% after announcing a $1.5 billion ATM stock sale, raising dilution fears despite record Q1 revenue and raised guidance.
BlackBerry Stock Pulls Back After Rally, Eyes on QNX Growth
BlackBerry shares slipped 8% after a sharp rally, with investors now focused on upcoming earnings to confirm growth in QNX and secure communications.
Mortgage Rates Dip but Spring Market Remains Tepid
US mortgage rates slipped to 6.48% but demand remains weak, with purchase applications at their slowest since April. High borrowing costs and tight budgets continue to weigh on the spring housing market.
Marvell Technology Drops 7.4% Amid Chip Selloff, S&P 500 Decision Looms
Marvell shares slid 7.4% to $292.88 as a broad semiconductor selloff and uncertainty over S&P 500 inclusion weighed on the stock, despite a recent AI-driven surge and record revenue.
BioCardia Surges on FDA Minutes Showing CardiAMP Trial Can Support PMA
BioCardia shares surged 52% to $1.40 after FDA meeting minutes confirmed its CardiAMP HF II trial may support a PMA for heart-failure cell therapy, bucking a weak biotech sector.
Costco Gas Sales Surge 14.5% in May, Membership Fee Remains Key
Costco reported a 14.5% sales surge in May, driven by booming gasoline sales and higher prices. Net sales reached $24.01 billion, with shares climbing $16.40 to $988.75.
Nokia Debt Sale Dampens AI-Driven Stock Surge
Nokia shares slid after issuing €500 million in debt, cooling an AI-driven rally as investors weigh the sustainability of AI and cloud demand growth.
Nasdaq Slides as Hot Jobs Data Rekindles Rate-Hike Fears, Chip Stocks Tumble
A hotter-than-expected May jobs report pushed the Nasdaq down 1.1% and the S&P 500 lower, as rate-hike fears returned. Chip stocks tumbled after Broadcom's revenue miss and unchanged AI outlook disappointed investors.