🌿 Tilray with a surprise profit

Good evening. JPMorgan CEO Jamie Dimon said he’s “far more worried than others” about an overheated market. While he believes AI will pay off in the long run, he warned that today’s frenzy reminds him of the dot-com bubble.

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

WINNERS

⬆︎22.09% Tilray

🔔 Earnings report - The cannabis producer surprised investors with a rare profit in its latest quarter. Analysts had expected a loss, but Tilray instead posted $1.5 million in net income on $209.5 million in revenue. A sign that its focus on cutting costs and improving efficiency is starting to pay off. [Read more]

⬆︎16.33% Akero

The biotech company is being acquired by Novo Nordisk for up to $5.2 billion, in a deal centered on Akero’s experimental drug, efruxifermin. The drug is in late-stage trials for MASH, a serious liver condition linked to obesity and diabetes, and has shown promise in reversing liver scarring. If efruxifermin wins U.S. approval by 2031, Akero shareholders will receive an additional payout. [Read more]

⬆︎4.29% Delta

🔔 Earnings report - Even with the U.S. government shutdown dragging on, Delta delivered record results and a confident outlook for 2025. It doubled down on a strategy built around premium travelers and its lucrative SkyMiles loyalty program with American Express. That focus on high-income customers has transformed Delta from a traditional airline into something closer to a travel-and-finance hybrid. [Read more]

⬆︎1.83% Nvidia

The chipmaker just got approval from the U.S. government to export billions of dollars’ worth of its advanced chips to the United Arab Emirates. This marks the first time it’s been allowed to do so under Trump. With China now restricting Nvidia chip sales, the Middle East is becoming a crucial new market. [Read more]

MORE WINNERS

⬆︎18.81% UiPath
⬆︎10.49% TeraWulf
⬆︎8.72% Nebius

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

LOSERS

⬇︎4.14% Boeing

Turkish Airlines may ditch its planned purchase of Boeing 737 MAX jets in favor of Airbus planes if it can’t reach a deal with engine supplier CFM. Chairman Ahmet Bolat said talks with CFM have progressed but are still stuck on pricing, warning that Airbus remains a strong alternative since it offers more engine choices. [Read more]

⬇︎5.83% HSBC

One of the world’s largest banks announced a $13.6 billion deal to buy out minority shareholders in its Hong Kong-based subsidiary Hang Seng Bank. The move would give HSBC full control of the lender, which has faced pressure from its exposure to China’s struggling property sector. [Read more]

⬇︎14.99% Ferrari

Investors were left underwhelmed after Ferrari unveiled new long-term targets. The company expects revenue to reach about €9 billion by 2030, with a more cautious profit outlook than analysts had hoped. Ferrari also dialed back its electric vehicle ambitions, now planning for just 20% of its lineup to be fully electric by 2030 (down from 40%). [Read more]

MORE LOSERS

⬇︎6.81% Lyft
⬇︎6.74% Kratos
⬇︎7.00% RH

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

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