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Growth stocks drag Nasdaq lower, energy shares bounce
By Shreyashi Sanyal and Amruta Khandekar (Reuters) - The Nasdaq Composite index fell by midday trading on Monday, dragged down by high-growth stocks as last week's rally on easing concerns over inflation lost... More
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- Trump's SPAC Receives Subpoenas from Federal Grand Jury
- Needham & Company Sees 44% Upside in Shares of Chewy (CHWY)
- McDonald's (MCD) Appoints Ian Borden as CFO, Announces Additional Management Changes
- Amazon (AMZN) Still the 'King of Summer Sales' - Jefferies
- U.S. pending home sales unexpectedly rebound in May
- Ethereum Move Proof-of-Stake to Hurt GPU Demand But Nvidia (NVDA) Less Exposed - Morgan Stanley
- Goldman Reinstates Oracle at Sell, Upgrades Gitlab and Atlassian to Buy as it Rebalances Software Ratings
- Etsy (ETSY) Downgraded at Needham & Company on Macro Outlook
- Goldman Sachs Becomes More Defensive, Upgrades Autozone (AZO)
- Analysts Positive Following CarMax (KMX) Earnings Last Week
- JP Morgan's Kolanovic Predicts No Recession and Next Week's Rebalancing Could Drive Stocks Up 7%
- U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion
- FedEx (FDX) Gains on Solid FY23 Outlook, Analysts Mostly Bulled Up Into Next Week's Investors Day
- Get Ready for a 10% Rally in S&P 500
- Zendesk (ZEN) Agrees to Be Bought by P/E Group, But Deal Falls Flat
- U.S. dollar retreats as markets re-assess Fed rate path
- Bill Ackman Says Bond Market is Misreading the Fed, Inflation is Out of Control and Fed May Ramp Up Hawkish Commentary
- Democratic Lawmakers Want the FTC to Investigate Apple (AAPL) and Google (GOOGL) - Report
- Merck (MRK), Seagen (SGEN) Takeover Talks Heat Up - WSJ
- Twitter (TWTR) Gives More Data Following Elon Musk's Latest Demand, Report Says
- U.S. new home sales rebound in May; consumer sentiment at record low
- Tesla's (TSLA) PT Cut at Credit Suisse on Short-Term Issues, but 'Long-Term Bull Thesis Intact'
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Just Another Bear Market Rally, Morgan Stanley's Wilson Says
Morgan Stanley equity strategist Michael Wilson, who has correctly predicted this year's 20% downdraft in stocks, is now asking if falling yields and lower oil prices are bullish or bearish. Wilson notes while last week... More
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Oil prices rise amid G7 talks on new Russian sanctions
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices traded higher on Monday in a volatile session as investors waited for any moves against Russian oil and gas exports that might come out of a... More
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Coinbase Downgraded to Sell at Goldman on Further Downside Risk, Robinhood Upgraded to Neutral on Better Risk-Reward
Goldman Sachs analyst Will Nance made two significant changes in its coverage of crypto brokers Monday - downgrading Coinbase (NASDAQ: COIN) to Sell from Neutral while upgrading Robinhood... More
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Michael Burry Warns of the Bullwhip Effect, Says the Fed Could Reverse Course
Michael Burry, the investor, made famous by the movie "The Big Short," and the founder of Scion Asset Management, said in a tweet Monday that the "Bullwhip Effect" is happening in the retail sector.... More
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Dollar stumbles as markets reassess rate bets, eye ECB
By Saikat Chatterjee and Hannah Lang LONDON and WASHINGTON (Reuters) - The U.S. dollar struggled versus its major rivals on Monday as softening inflation expectations prompted a reassessment of the prospects for... More
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Pre-Open Stock Movers 06/27: Chewy Gains on Upgrade; Spirit Airlines Falls on Deal Update
Epizyme (Nasdaq: EPZM) 65% HIGHER; Ipsen and Epizyme entered into a definitive merger agreement under which Ipsen will acquire Epizyme. The transaction was... More
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Cathie Wood's ARK Gains Significant Recent Inflows Despite Disastrous Year - Report
According to a report by Bloomberg on Monday, Cathie Wood's ARK flagship fund, which is down significantly in 2022 fueled by Fed rate hikes, has gained its longest streak of inflows in more than a... More
Monday, June 27, 2022 2:14 PM EDT
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Latest StreetInsider Headlines
- 02:13 PM
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- 02:08 PM Ari Zoldan joins Ritossa Global Family Office Investment Summit Under the High Patronage of His Serene Highness Prince Albert II of Monaco
- 02:08 PM Weights & Biases and Run:ai Announce Partnership to Accelerate ML Developer Workflow
- 02:07 PM TinyGemsBreaks – Cepton Inc. (NASDAQ: CPTN) Expands Collaboration Efforts with Tier 1 Supplier of Automotive Lighting Equipment
- 02:07 PM Ribbon Cutting Celebrates the Opening of New Real Estate Office
- 02:06 PM Goldman Sachs Becomes More Defensive, Upgrades Autozone (AZO)
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13Fs
- Dan Loeb's Third Point Exits Disney (DIS) Position
- Here's Which 3 Tech Stocks Hedge Funds Were Selling the Most in Q1
- Buffett's Berkshire Hathaway Enters 8 New Stocks, Including Citi and Paramount Global; Adds to Apple and Chevron
Accesswire
- World Finance Named One of Nashville’s Top Workplaces in 2022
- Carter Bank & Trust Introduces a Limited-Time Take Your Pick Promotion
- Cinedigm Launches the Highly Anticipated The Elvis Presley Channel
Analyst Comments
- Goldman Sachs Becomes More Defensive, Upgrades Autozone (AZO)
- Analysts Positive Following CarMax (KMX) Earnings Last Week
- Bernstein Believes Apple TV+ (AAPL) will 'Likely Never be Material Financially'
Analyst PT Change
- Entergy Corp (ETR) PT Raised to $130 at BofA Securities
- American Hotel Income Properties REIT (HOT-U:CN) (AHOTF) PT Lowered to Cdn$3.50 at TD Securities
- StorageVault Canada (SVI:CN) (SVAUF) PT Lowered to Cdn$7.50 at TD Securities
Board Changes
- Wiley (WLY) Appoints Brian O’Harold Hemphill, Ph.D., to Board of Directors
- Casey's General Stores (CASY) Announces Information Technology Leader Sri Donthi Joins its Board of Directors
- Mesa Laboratories (MLAB) Appoints Tony Tripeny to its Board
Business Wire
- KBRA Assigns Preliminary Ratings to SESAC Finance, LLC Series 2022-1 Senior Secured Notes
- Wiley Appoints Brian O’Harold Hemphill, Ph.D., to Board of Directors
- Doctors Group Files Federal Lawsuit Alleging BART Violated First Amendment in Rejecting Elon Musk Transit Ads
Commodities
- G-7 Moving Closer To Ditching Vow To End Fossil-fuel Financing - Bloomberg
- OPEC+ trims 2022 market surplus projection to 1 mln bpd -report - Reuters
- EIA statement on upcoming data releases
Corporate News
- Wiley (WLY) Appoints Brian O’Harold Hemphill, Ph.D., to Board of Directors
- Park Aerospace (PKE) to Fully Support Airbus’s Planned A320neo Aircraft Family Production Rates
- Luminar Technologies (LAZR) Joins Russell 2000 Index
Cryptocurrency
- Grayscale Lines Up Authorized Participants If GBTC Becomes ETF - Bloomberg
- Bitcoin Trades at HIgh, Up 4.9% at $20,800
- Bitcoin Hits Low, Down Over 4%
Dividends
- Eli Lilly & Co. (LLY) Declares $0.98 Quarterly Dividend; 1.2% Yield
- Horizon Bancorp (HBNC) Raises Quarterly Dividend 6.7% to $0.16; 3.7% Yield
- Shoe Carnival (SCVL) Declares $0.09 Quarterly Dividend; 1.4% Yield
Downgrades
- Goldman Reinstates Oracle at Sell, Upgrades Gitlab and Atlassian to Buy as it Rebalances Software Ratings
- Etsy (ETSY) Downgraded at Needham & Company on Macro Outlook
- Canaccord Genuity Downgrades Resolute Mining Ltd. (RSG:AU) (RMGGF) to Spec. Buy
Earnings
- Staffing 360 Solutions (STAF) Reports FY21 Revenue of $197.8M, Net Income of $8.2M
- CarMax (KMX) Stock Rallies Despite Decline in Units Sold
- Carnival Corp. (CCL) Misses Q2 EPS by 52c, Revenue Misses
Economic Data
- Dallas Fed Man. Activity (Jun) -17.7 vs -6.5 Expected
- U.S. pending home sales unexpectedly rebound in May
- Pending Homes Sales (May) 0.7% vs -4% Expected
Equity Offerings
- AgEagle Aerial Systems (UAVS) Prices $10M Preferred Stock Offering
- AeroClean Technologies (AERC) Announces 1.5M Share Private Placement at $10/sh
- Tuya Inc. (TUYA) Prices 7.3M Share Global Offering at $19.30/sh
FDA
- FDA Infant Formula Update: June 27, 2022
- Ensysce Biosciences (ENSC) Awarded $2.8M Grant for Multi-Pill Abuse Resistance Platform
- Adial Pharmaceuticals (ADIL) Announces Database Lock for the ONWARD Trial
Fed
- Michael Burry Warns of the Bullwhip Effect, Says the Fed Could Reverse Course
- Fed's Barkin, Daly exit some securities as rules revamped
- Fed must act 'forthrightly and aggressively' to rein in inflation, Bullard says
Globe Newswire
- Xenon Pharmaceuticals Announces Closing of $287.5 Million Public Offering Including Full Exercise of the Underwriters’ Option to Purchase Additional Shares
- Xenon Pharmaceuticals Announces Closing of $287.5 Million Public Offering Including Full Exercise of the Underwriters’ Option to Purchase Additional Shares
- Ari Zoldan joins Ritossa Global Family Office Investment Summit Under the High Patronage of His Serene Highness Prince Albert II of Monaco
Guidance
- UiPath Inc. (PATH) to Cut 5% of Global Workforce, Updates Guidance
- Relay Therapeutics (RLAY) Discloses Anticipated Registrational Path for RLY-4008
- Quotient (QTNT) Reports Q4 Revenue of $9.8M, Loss of $26.87M, Provides Business Update
Hedge Funds
- Michael Burry Warns of the Bullwhip Effect, Says the Fed Could Reverse Course
- Mercury Systems (MRCY) Appoints Two to Board in Deal With Activist Investors as Potential Sale Remains In Flux
- Mercury Systems (MRCY) Names Howard Lance and Bill Ballhaus in Deal with Hedge Funds
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
- Udemy (UDMY) IPO: 7 Things to Know About Upcoming $4 Billion IPO
IPOs
- Genelux Corporation (GNLX) Files IPO Registration Statement
- Noble Education Acquisition Corp (NEATU) Announces 10M Unit IPO at $10/unit
- SK Growth Opportunities Corporation (SKGRU) Prices 20M Unit IPO at $10/unit
Market Check
- S&P 500 Erases Gain, Down 0.1%, Nasdaq Down 0.6%
- S&P 500 Climbs 0.3%, Nasdaq Slightly Positive
- Nasdaq, S&P 500 Earses Gain, Down 0.3% and 0.1%
Mcap MediaWire
- AmpliTech Group, Inc. Announces Closing of Underwriters’ Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering
- Top Minds Back Bitcoin for a Fresh Leg (NASDAQ: BTBT) (NASDAQ: MSTR) (OTC US: ISWH) (NASDAQ: OSTK)
- How to Play the Crypto Shakeout (NYSE: SQ) (NASDAQ: OSTK) (OTC US: ISWH) (NASDAQ: BTBT)
Mergers and Acquisitions
- India's Jetsynthesys Said in talks to Merge with Burtech Acquisition (BRKH) - Bloomberg
- Accenture (ACN) to Acquire XtremeEDA
- Dentsply Sirona (XRAY) on Watch Following Activist Chatter
New Coverage
- Goldman Reinstates Oracle at Sell, Upgrades Gitlab and Atlassian to Buy as it Rebalances Software Ratings
- Aegis Capital Starts Applied UV Inc (AUVI) at Buy
- UPDATE: Craig-Hallum Starts Liquidity Services (LQDT) at Buy, Adds to Alpha Select List
Newsfile
- Battery Mineral Resources Announces Intercept of 48 Meters of 1.31% Cu From the Cinabrio Norte Target at Its Punitaqui Copper Mine in Chile
- Cardiol Therapeutics to Webcast Virtual Annual General Meeting on June 28th at 4:30 P.M. EDT
- CanAlaska Commences Airborne Survey at Key Extension Project in Athabasca Basin
Press Releases
- Steven Kelly, President and CEO of Carisma Therapeutics, Named Ernst & Young Entrepreneur of the Year 2022 Greater Philadelphia
- Xenon Pharmaceuticals Announces Closing of $287.5 Million Public Offering Including Full Exercise of the Underwriters’ Option to Purchase Additional Shares
- Xenon Pharmaceuticals Announces Closing of $287.5 Million Public Offering Including Full Exercise of the Underwriters’ Option to Purchase Additional Shares
Private Company News
- SpaceX Fires Some Employees Behind a Letter Criticizing Musk's Behavior - Report
- Crypto giant Binance opens 2,000 positions for hiring - CEO
- Elon Musk's SpaceX Raises $1.68 Billion via Equity Financing
PRNewswire
- Steven Kelly, President and CEO of Carisma Therapeutics, Named Ernst & Young Entrepreneur of the Year 2022 Greater Philadelphia
- Bones Love Milk Shreds at VidCon
- Ribbon Cutting Celebrates the Opening of New Real Estate Office
Reuters
- Biden raises U.S. tariff rate on certain Russian imports to 35%
- U.S. pending home sales unexpectedly rebound in May
- U.S. Supreme Court won't hear Apple's bid to revive Qualcomm patent challenges
SEC Filings
- Form NPORT-P EA Series Trust For: Apr 29
- Form 424B2 CITIGROUP INC
- Form 24F-2NT Krane Shares Trust For: Mar 31
SPAC
- India's Jetsynthesys Said in talks to Merge with Burtech Acquisition (BRKH) - Bloomberg
- Trump's SPAC Receives Subpoenas from Federal Grand Jury
- Waldencast Acquisition Corp (WALD) Enters $225M Term Loan and Revolving Credit Facilities
Upgrades
- Goldman Sachs Becomes More Defensive, Upgrades Autozone (AZO)
- TD Securities Upgrades Choice Properties (CHP-U:CN) (PPRQF) to Buy
- Goldman Reinstates Oracle at Sell, Upgrades Gitlab and Atlassian to Buy as it Rebalances Software Ratings
