Direxion Daily Semiconductor Bull 3X Shares (SOXL) Stock Price Today
Tech-focused hedge fund Altimeter Capital boosts bets on SpaceX, Cerebras, and Micron amid AI-driven market volatility.
In the latest 13F filings, Altimeter Capital, led by Brad Gerstner, increased its investments in tech stocks including SpaceX, Cerebras Systems, and Micron during a volatile second quarter. Gerstner views recent semiconductor market dips as buying op...
GM's buyback boosts stock, but Ford's earnings growth makes it a strong contender in 2024.
General Motors (GM) and Ford both raised their full-year guidance in 2024, but the market favors them differently. GM's aggressive buyback program, including multiple $6 billion repurchases and a 25% dividend increase, drove its stock up significantl...
Cantor Fitzgerald to broker institutional trades on Kalshi's prediction market platform
Cantor Fitzgerald will act as a broker for institutional clients trading on Kalshi's prediction market platform, organizing large block trades of event contracts. Susquehanna International Group will support pricing and liquidity as a market maker in...
Marvell shares jump 13% on $12B Google warrant for custom AI chip deal
Marvell Technology's shares rose 13% after announcing a $12.18 billion warrant issued to Google as part of a deal to develop custom AI chips. This deal positions Marvell as a key supplier for Google's AI chip roadmap, challenging incumbent Broadcom, ...
Midstream pipeline ETFs benefit from rising natural gas demand driven by AI data centers and LNG exports.
Midstream pipeline funds like AMLP, MLPX, and ENFR are gaining attention as hyperscalers sign long-term power deals fueling AI data centers, boosting natural gas demand. AMLP offers the highest yield near 8% but has a C-corp tax drag, while MLPX bala...
Rumors of AstraZeneca-Bristol-Myers merger fade; focus shifts to each firm's strengths in cancer and immune diseases.
Rumors about a merger between AstraZeneca PLC and Bristol-Myers Squibb Company have cooled down, but both companies remain strong players in cancer and immune-mediated inflammatory diseases markets. Each company has distinct advantages and some weakn...
Moderna shares surge 93% after positive Phase 3 melanoma trial with Merck's Keytruda.
Moderna's stock jumped 93% following the announcement that its Phase 3 melanoma trial, conducted with Merck, met its primary endpoint by significantly improving recurrence-free survival when combined with Merck's Keytruda. This marks the first positi...
Volatility drop pressures option-income ETFs SPYI, JEPQ, and GPIQ, impacting monthly payouts differently.
The CBOE Volatility Index (VIX) has fallen to the 12th percentile of its 12-month range, reducing option premiums that income ETFs SPYI, JEPQ, and GPIQ rely on for monthly cash distributions. Each fund manages this premium decline differently: SPYI m...
ReElement secures air permit for Indiana rare earths plant, advancing toward production start.
ReElement Technologies, partly owned by American Resources Corp, has obtained a Minor Source air permit for its Marion, Indiana Supersite, allowing all planned production lines to operate. This permit is a key step before the facility can begin equip...
Stocks fall for third day amid rising Treasury yields and inflation worries
Stocks declined for a third consecutive session on August 18, driven mainly by weakness in semiconductor stocks, which have been key to the recent market rally. Despite the S&P 500 staying near record highs, concerns over rising Treasury yields, pers...
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