The latest from the 24/7 Wall St. homepage feed — newest first.
Mainland money did the heavy lifting: the SSE Composite's 1.08% close was nearly double Hong Kong's gain, as Beijing lines up fresh fiscal support. Next catalyst is how much of that stimulus actually reaches projects.
London opened barely above yesterday's close while Frankfurt slipped, a stalemate that leaves the Bank of England decision as the only catalyst that matters today. Traders are pricing rate expectations Bailey has refused to endorse.
Hong Kong opened a fraction above yesterday's close, a holding pattern until Beijing shows its hand on stimulus. Shanghai is doing the same, so China exposure is a waiting game right now.
Tokyo opened 0.69% higher with the Bank of Japan's rate decision still ahead, so anyone holding Japan exposure is getting risk appetite priced in before the policy answer lands. A hawkish shift and a firmer yen would test this gain fast.
Same $10,000 into the two AI-server names on January 2: Dell is worth $46,396 today, Super Micro just $13,212. A 4.6x versus 1.3x gap inside the same end market.
Salesforce lifted its quarterly payout 5.8% to $0.44 a share, only its second year of paying anything at all. The 0.71% yield is small now, but owners today are buying into a dividend that is still compounding off a low base.
A 9.6% raise to $0.1425 a quarter is the clearest signal yet that management sees cash flow holding up through the Juniper integration. Buyers after today's ex-date miss the payout.
A second straight 52-week low at $248.48 lands the same day McDonald's announced its 50th consecutive dividend increase, the smallest hike since 2020. Income investors get a higher yield on a stock the market keeps marking down.
Dell Technologies just cleared its September 11 record with a $588.40 close, 3.72% above the prior peak and the sixth straight week of new ground. Anyone waiting for a pullback to enter is still waiting.
Cloudflare just set a fresh 52-week high at $333.94, nearly double its February low. The next test is whether it holds the breakout.
Rubrik just printed a fresh 52-week high at $107.83, more than doubling off its March low. The data security name now has no overhead resistance left on the one-year chart.
Alopexx sets $10-$12 range for $33 million NYSE American IPO
Nineteen amendments in, Alopexx finally has hard terms: 3 million shares at $10 to $12, or about $33 million on NYSE American with ThinkEquity running the book. A concrete range after a four-year registration slog is the signal that pricing is close.
Tempus AI closed 14.46% higher, the biggest move in a 111-name priority list where four other gainers ran 9% or better. The downside was far tamer: DraftKings led decliners at 7.38%, and nothing else lost more than 6.4%.
Tech did the heavy lifting again: the Nasdaq's 1.61% close outpaced the S&P 500 by nearly half a point, so anyone underweight big tech lagged the market today.
Huntington Bancshares leads today's dividend payments with $313.2 million heading to shareholders, or 15.5 cents a share, landing October 1. Kulicke & Soffa, Smith & Wesson, Chemung Financial and Utah Medical are also paying out.
Bloomberg's senior ETF analyst sees spot Bitcoin funds eventually holding triple the assets of gold ETFs, and he credits distribution as much as demographics: nobody sells gold ETFs, while dozens of wholesalers push crypto.
Yes. Here’s why: 1) btc leans younger, gold older 2) it will get used more by big money as it matures and settles down w both vol and corr 3) way more enthusiasm and sales firepower. no one is out there talking about gold ETFs but you got dozens of wholesalers (fluent in both https://t.co/bHBBuNkXLf [Quoted @BitcoinMagazine]: JUST IN: Bloomberg Senior ETF Analyst Eric Balchunas says Bitcoin ETFs will ultimately triple gold 👀 "I think as the younger investors get more money and grow up with Bitcoin as their store of value, I do believe that Bitcoin ETFs will triple gold in assets." https://t.co/GU3lp3KIuf
Tech is doing the heavy lifting at midday: the Nasdaq's 1.45% gain is more than triple the Dow's, and the S&P 500 has cleared 7,600 on its back. Anyone underweight growth is watching this leg of the rally from the sidelines.
Cramer is backing Palantir CEO Alex Karp's warning that companies skimping on top-tier cybersecurity face breach liability big enough to end them.
Karp totally right. Itis ridiculous that these companies aren't working with the best cybersecurity people. Liability will wipe them out
Cramer is reaffirming a $250 target on Palantir, a call that only works if government and commercial AI bookings keep compounding at their current pace.
@Palantir , i am sticking by my $250 target, @Alex Karp https://t.co/NMubEtLqsP
London finished 133 points higher and every major European index went out green, with the DAX up better than 1% to lead. Investors sitting out Europe are missing a market pricing in UK growth that keeps surprising to the upside.
Cramer is framing Intel's foundry as a national security asset, and points to demand for the recent secondary offering as evidence investors are finally crediting Lip-Bu Tan's turnaround.
Intel is now at last reacting to the work of Lip-Bu Tan post the destruction of its stock at the hands of Situational Unawareness. The stock lapped up the secondary. I think the foundry is key to American security
A 71-point gain at the bell puts the S&P 500 back above 7,600, and buyers are showing up before the Fed's next move is priced in. Openings this strong rarely stay quiet by midday.
Bitcoin ETF holders sat through a 50% drawdown and lifetime net flows still sit at $55 billion, up from the $50 billion trough, a sign the buyer base is stickier than the price action suggested.
Nice look at the most important chart for bitcoin ETFs which is cumulative net flows lifetime which are curr at $55b, down from peak of $63b but up from low of $50b. Again, incredible intestinal fortitude from the Boomers given they saw a 50% drawdown. Stocks being up during that https://t.co/Vq7eXP2GEk