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Cathie Wood buys $36.1 million of tumbling tech stock
TheStreet32d agobullish
Cathie Wood buys $36.1 million of tumbling tech stock

Cathie Wood, CEO of Ark Investment Management, is known for buying high-growth stocks soon after they go public, especially when share prices pull back after an early rally. That's exactly what she's doing with SpaceX this week, adding more than $36 million worth of the newly public stock as it ...

AtaiBeckley (ATAI) Soars to 4-Year High on $3.8B Merger with Eli Lilly
Insider Monkey32d agobullish
AtaiBeckley (ATAI) Soars to 4-Year High on $3.8B Merger with Eli Lilly

AtaiBeckley climbed to a new four-year high on Thursday, as investors bought into its shares following news that Eli Lilly agreed to acquire the company for up to $3.8 billion. In intra-day trading, the stock surged to a record high of $7.22 before trimming gains to end the session just up by 33.40 percent at […]

MicroStrategy isn't buying Bitcoin for one key reason
TheStreet32d agobullish
MicroStrategy isn't buying Bitcoin for one key reason

For a company built entirely on the premise of buying Bitcoin with every available dollar, Strategy just did something unusual. According to an 8-K SEC filing, Strategy raised approximately $467 million in net proceeds through its at-the-market program during the week of July 6-12, and ...

Cintas upgraded by Bank of America after earnings beat and stronger outlook
Proactive32d agobullish
Cintas upgraded by Bank of America after earnings beat and stronger outlook

Cintas Corporation (NASDAQ:CTAS) was upgraded to ‘Buy’ from Neutral by Bank of America, which also raised its price objective to $230 from $200 after the company's better-than-expected fourth-quarter fiscal 2026 results and fiscal 2027 guidance came in above Wall Street expectations. The...

Reddit set for earnings beat as ad momentum, user growth build
Proactive32d agobullish
Reddit set for earnings beat as ad momentum, user growth build

Reddit Inc (NYSE:RDDT) is expected to beat Wall Street's second-quarter revenue and EBITDA targets, according to Jefferies, which pointed to strong ad checks and improving user growth heading into the print. The brokerage said investor conversations point to expectations for revenue and...

UnitedHealth stock jumps on Q2 earnings, raises full-year outlook
Yahoo Finance Video32d agobullishVIDEO
UnitedHealth stock jumps on Q2 earnings, raises full-year outlook

Insurance giant UnitedHealth Group (UNH) is out with its second quarter earnings on Thursday, raising its full-year outlook alongside its reported $112 billion in quarterly revenue. The stock has jumped in Thursday trading. Mizuho Americas healthcare equity strategist Jared Holz takes a closer look at the insurer's stock performance and the role Medicare Advantage had in its figures.

TSMC Q2 profit beats estimates, ups spending as AI boom continues
Proactive32d agobullish
TSMC Q2 profit beats estimates, ups spending as AI boom continues

Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) posted a 77% jump in second-quarter net profit and raised its capital spending forecast for the year, as the world's largest contract chipmaker rides sustained demand for AI processors. Net profit came in at $22.36 billion for the...

SpaceX Stock Tests $135 IPO Price—and Cathie Wood Keeps Buying the Dip
Barrons.com32d agobullish
SpaceX Stock Tests $135 IPO Price—and Cathie Wood Keeps Buying the Dip

SpaceX stock has lost altitude recently, creating an opportunity for Cathie Wood’s ARK Invest. ARK is a big believer in Elon Musk. Coming into Thursday trading, SpaceX stock was down for three consecutive days and seven of the past nine days, leaving shares just 27 cents above the $135 IPO price.