stocktrader

The Dow Jones Industrial Average climbed to a record closing high on Thursday as investors shifted money into healthcare and financial stocks, while a broad selloff in semiconductor shares weighed on the technology-heavy Nasdaq Composite. The blue-chip index rose 875.09 points, or 1.73%, to close at 51,562.16. The S&P 500 gained 0.41% to 7,584.82, while… Continue reading Dow hits record high as investors rotate out of AI chip stocks

Shares of PVH Corp. came under heavy pressure after the apparel company lowered its full-year revenue outlook, with analysts warning that the latest update could lead to additional estimate cuts despite better-than-expected quarterly earnings. The owner of the Tommy Hilfiger and Calvin Klein brands saw its stock fall more than 22%, putting the shares on… Continue reading PVH stock drops 22% after guidance cut triggers analyst downgrades

Shares of UnitedHealth Group UNH rallied sharply on Thursday after a pair of bullish analyst notes reinforced growing optimism that the health insurer’s turnaround is gaining momentum. UnitedHealth stock climbed more than 5% in trading, helping lift the Dow Jones Industrial Average higher even as broader markets traded mixed. The rally snapped a five-day losing… Continue reading Why UnitedHealth stock is surging today?

Quantinuum made a strong debut on the Nasdaq on Thursday, with shares opening at $68 apiece, 13% above their initial public offering price, in what investors viewed as a significant vote of confidence for the emerging quantum computing industry. The company raised $1.68 billion in an upsized offering after pricing shares at $60 each, above… Continue reading Quantinuum opens 13% above IPO price, valuing quantum computing firm at $17.6B

SpaceX’s artificial intelligence business could become one of the largest revenue generators in the technology industry by the end of the decade, according to projections from Goldman Sachs. The forecast underscores the high-stakes bet investors are being asked to make ahead of the company’s blockbuster initial public offering. According to forecasts shared with potential investors… Continue reading Goldman Sachs sees SpaceX’s AI revenue soaring to $322B by 2030: report

The countdown to the most anticipated stock market debut in history is officially ticking. With the SpaceX public roadshow underway ahead of its June 12 listing, investor frenzy has now hit a fever pitch. But while Wall Street makes retail investors wait for the opening bell, “crypto heavyweights” are rewriting the rules of pre-public access.… Continue reading Want to gain exposure to SpaceX before the IPO? Now you can 

Shares of Ciena CIEN fell sharply on Thursday even after the networking equipment maker reported fiscal second-quarter earnings and revenue that exceeded Wall Street expectations. Ciena stock dropped more than 19% in early trading, putting the shares on track for their biggest one-day percentage decline since Jan. 27, 2025, according to Dow Jones Market Data.… Continue reading Ciena stock sinks despite earnings beat as investors seek bigger AI upside

Solidion Technology (STI) experienced a more than 7x rally after the battery technology specialist announced a major space pivot ahead of SpaceX’s blockbuster IPO on June 12th. In a “masterfully timed” market maneuver, the advanced battery materials developer unveiled its Generation Extreme-Climate Battery (Gen-ECB) platform on Thursday morning. The technology is specifically designed for “harsh… Continue reading Solidion stock announces space pivot ahead of SpaceX IPO: but will the gains last?

With SpaceX’s historic Nasdaq debut just a week away, ARK Invest is making a striking claim – the firm’s satellite internet division, “Starlink,” is big enough on its own to justify a near $2.0 trillion valuation.  That argument, put forward by ARK’s chief futurist Brett Winton, goes well beyond the usual IPO hype. According to… Continue reading ARK Invest: Starlink alone is sufficient to command $2T valuation