The high yield was 3.983%, up from 3.879% in June, and tailing the When Issued 3.975% by 0.8bps, the biggest tail for this maturity since last October.
The Supreme Court's Braidwood decision only concretized the power of the Department of Health and Human Services to decide what is necessary preventative care, rather than outright protecting pre-exposure prophylaxis, BMO said.
Intrigued by the market activity one hour before the close of the markets on Monday? Uncover the key winners and losers of today's session in our insightful analysis.
Shares of Royal Caribbean have risen 52% so far this year and jumped more than 125% in the last 12 months, driven by steady cruise demand and higher ticket prices.
The JPMorgan Equity Premium Income ETF fund rose and is nearing its all-time high. JEPI was trading at $57.2, a few points below the all-time high of $57.56, up by almost 20% from its lowest level in April this year.
New Starbucks CEO Brian Niccol is attempting to transform the coffee chain with investments in staffing and product. Will investors and analysts praise the moves and give more time for a turnaround?
Meme coins represent a maturing crypto market, enabling users to rally behind narratives and launch tokens from scratch, according to Cindy Leow, co-founder of Drift Protocol, a Solana (CRYPTO: SOL)-based decentralized exch
Shares of boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF)
jumped 3.4% in the pre-market session after the company announced it had completed the divestiture of its CycleBar and Rumble brands. The fitness franchisor sold the two brands to Extraordinary Brands, LLC, as part of a strategic realignment. Xponential Fitness stated that the transaction was consistent with its plan to focus resources and capital on its more profitable brands. In a statement, CEO Mark King emphasized that the company would concentrate on brands that drove both current and long-term profitability. This move was presented as a strategic effort to improve the company's financial performance and provide better support for its core, higher-performing franchises.
Shares of semiconductor production equipment provider Amtech Systems (NASDAQ:ASYS) jumped 3.2% in the afternoon session after the stock continued its recent downward slide amid technical weakness and lingering concerns from a previous earnings report.
Shares of electric vehicle charging company EVgo (NASDAQ:EVGO)
jumped 3.1% in the morning session after it secured a $225 million credit facility to accelerate the buildout of its nationwide electric vehicle charging infrastructure. The proceeds from the deal were earmarked to accelerate the deployment of more than 1,500 additional high-power fast charging stalls nationwide. This transaction was noted as the largest commercial bank facility for electric vehicle charging in the United States. The five-year credit facility, which was oversubscribed, also included an option to increase the total financing by $75 million to $300 million. The strong interest from the participating global project finance banks signaled significant lender confidence in the company's expansion plans and the future of EV infrastructure.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4% in the afternoon session after the company announced a significant, multi-billion dollar contract with Samsung Electronics to produce its next-generation AI chips. The deal, valued at approximately $16.5 billion, secured a long-term supply of semiconductors for Tesla through the end of 2033. Tesla CEO Elon Musk confirmed the partnership, stating that Samsung's new factory in Texas would be dedicated to manufacturing Tesla's next-generation "AI6" chip. These advanced chips were designed to power key future products, including the company's humanoid robots and self-driving vehicle technology. The news helped the stock recover after the company reported disappointing second-quarter financial results.
Shares of technology real estate company Opendoor (NASDAQ:OPEN)
fell 4.3% in the afternoon session after the company decided to adjourn a special stockholder meeting scheduled to vote on a potential reverse stock split. The meeting, which was scheduled to address a proposal for a reverse stock split, was postponed until August 27, 2025. This move was initially proposed to help the company regain compliance with Nasdaq's minimum bid price requirement after its stock had closed below $1.00 for 30 consecutive business days. The delay followed a significant surge in the stock's value, fueled by high trading volume characteristic of a meme-stock rally. The company cited this recent volatility as the reason for the postponement, stating it needed more time to assess market conditions. Investors appeared to view the adjournment as a positive sign, suggesting that the controversial reverse split might not be necessary if the stock maintained its higher price.
Shares of call center software provider Five9 (NASDAQ: FIVN)
jumped 3.1% in the pre-market session after investor sentiment grew ahead of its second-quarter earnings report, supported by a positive analyst note and strong expectations for its AI-driven growth. Investors appeared optimistic about the company's results, scheduled for release on July 31. Fueling the positive mood, Cantor Fitzgerald reiterated an 'Overweight' rating and a $36 price target, calling consensus revenue expectations conservative. The firm also highlighted that AI revenues were an increasing part of Five9's business. Broader market forecasts were also bullish, with analysts expecting a 25% year-over-year jump in earnings per share. This optimism was rooted in the sustained momentum of its enterprise AI revenues, which had surged in the prior quarter, and benefits from strategic partnerships with major tech companies.
Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 7.2% in the afternoon session as investor optimism continued to grow ahead of its upcoming earnings report and continued strength in the artificial intelligence sector. The AI server maker announced it would release its fourth-quarter results on August 5, with investors anticipating positive news. The stock's climb was also supported by the broader boom in demand for artificial intelligence infrastructure, which benefited companies in the sector. Adding to the positive sentiment, institutional investors showed increased confidence in the company. For example, TCW Group Inc. acquired a new stake valued at approximately $7.36 million during the first quarter. This investor enthusiasm came as the stock built on recent momentum, having already gained significantly over the past month.
Shares of streaming TV platform Roku (NASDAQ: ROKU)
jumped 4.6% in the afternoon session after news emerged of a significant new institutional investment and positive analyst commentary. The move was supported by a report that Universal Beteiligungs und Servicegesellschaft mbH acquired over 85,000 shares, establishing a new position in the company. This institutional confidence was mirrored on Wall Street, where Bank of America raised its price target on the stock to $110.00 and maintained its "buy" rating. Adding to the bullish sentiment, Wall Street Zen also upgraded Roku from a "hold" to a "buy" recommendation. The positive momentum also followed a recent article that highlighted the company's strong sales growth and what it described as an undervalued stock price compared to its peers.
