🍕 Domino’s goes old-school and wins

Good evening. Markets initially plunged after China sanctioned five U.S. subsidiaries of South Korea’s Hanwha Ocean. They briefly recovered on optimism from strong bank earnings, but Trump reignited worries late in the day by accusing China of acting “economically hostile” for halting U.S. soybean purchases.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎13.92% Polaris

The off-road vehicles company is spinning off its iconic motorcycle brand, Indian Motorcycle, selling a majority stake to the private equity firm Carolwood LP. The move will let both companies focus on their strengths — Polaris on faster-growing segments and Indian on expanding as a standalone brand. [Read more]

⬆︎8.02% easyJet

Rumors are swirling that MSC, the Swiss shipping and cruise operator, is weighing a takeover of the low-cost airline. It could attract other suitors as easyJet’s shares remain well below pre-pandemic levels. The airline has been recovering from years of high fuel costs and travel disruptions and expects over £1 billion in pre-tax profit in the medium term. [Read more]

⬆︎4.98% Walmart

Annnnd another ChatGPT integration. The world’s largest retailer is teaming up with OpenAI to let shoppers buy products directly through ChatGPT. The new feature will allow users to find and purchase Walmart items inside the chatbot, making online shopping more conversational and personalized. OpenAI’s “Instant Checkout” tool will power the integration. [Read more]

⬆︎3.91% Domino’s 

🔔 Earnings report - The pizza chain is winning over customers with old-school value deals in a tough economy. Its “Best Deal Ever” promotion (any pizza with any toppings for $9.99) helped growth last quarter, leading franchisees to ask the company to extend it. Alongside that, Domino’s saw momentum from its full DoorDash rollout and new menu items like Parmesan Stuffed Crust Pizza and flavored Bread Bites. [Read more]

⬆︎0.77% AMD

Oracle announced plans to deploy 50,000 of AMD’s new Instinct MI450 chips starting in 2026; a major move to diversify beyond Nvidia’s dominant AI hardware. The MI450s can be linked into massive rack-sized systems with 72 chips acting as one, powering the kind of large-scale models used by OpenAI and other AI leaders. [Read more]

MORE WINNERS

⬆︎110.30% Nova Minerals
⬆︎61.59% Trilogy Metals
⬆︎9.28% Bitfarms
⬆︎7.15% Wells Fargo

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Market data: today’s market close

LOSERS

⬇︎6.52% Michelin

🔔 Earnings report - The French tire maker cut its full-year profit forecast after a steep drop in North American demand. The company now expects 2025 operating income between €2.6B and €3B, down from over €3.4B previously, as truck and agricultural tire sales slumped nearly 10% in the region. [Read more]

⬇︎19.03% Astera Labs

After AMD and Oracle announced plans to deploy 50,000 GPUs starting in 2026, it sparked renewed fears that new GPU interconnect technologies could reduce demand for Astera’s PCIe-based products, an issue first raised after Intel and Nvidia struck a similar partnership last month. [Read more]

MORE LOSERS

⬇︎7.79% Vista Energy
⬇︎9.34% Diginex
⬇︎13.44% Credo Technology

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Market data: today’s market close

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