Check out the companies making headlines in midday trading : Better Home & Finance Holding — The mortgage lender briefly soared as much as 176% Monday after hedge fund manager Eric Jackson in a social media post on X called Better Home “the Shopify of mortgages” and said the company is rebuilding a $15 trillion industry from scratch using artificial intelligence. Oracle — The software company’s stock rose nearly 5% after it named Clay Magouyrk, president of Oracle’s cloud infrastructure business, and Mike Sicilia, preside of Oracle Industries, as chief executive officers . The pair replace Safra Catz, who will…
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(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — “There are three kinds of lies,” Mark Twain once apocryphally said. “Lies, Damned Lies, and Statistics.” Lying with statistics, or, at least, misleading or persuading with them, is a Wall Street specialty since the first trades went off beneath the Buttonwood tree. Here’s a recent example: we could easily make the case for or against the S & P 500 energy sector being a “good investment” based on when we choose to start the chart from.…
16 July 2025, China, Peking: Jensen Huang, CEO of Nvidia, speaks to journalists. During a trip to China, Huang gave a speech at the opening of the supply chain trade fair and met Chinese politicians. Photo: Johannes Neudecker/dpa (Photo by Johannes Neudecker/picture alliance via Getty Images)Picture Alliance | Picture Alliance | Getty ImagesNvidia will invest $100 billion in OpenAI as the artificial intelligence lab sets out to build hundreds of billions of dollars in data centers based around the chipmaker’s AI processors, the companies said on Monday.OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power,…
Apple CEO Tim Cook joins Apple employees at the Apple store as customers line up for the release of Apple new iPhone 17 models in New York on Sept. 19, 2025.Angela Weiss | AFP | Getty ImagesApple shares have rallied in the two days since the company released new iPhones, and the stock has now erased its losses for 2025.With Apple’s 4% gain on Monday, the stock is up a little over 2% for the year. It’s the last of the tech megacaps to turn positive.On Friday, Apple released new iPhones, Apple Watch, and AirPods models on Friday. The new…
Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, DC, US, on Tuesday, June 17, 2025. Aaron Schwartz | Bloomberg | Getty ImagesLess than a week after taking his seat, Federal Reserve Governor Stephen Miran on Monday outlined the reasons why he thinks the central bank’s benchmark interest rate is far too high and should be lowered aggressively.Changes in tax and immigration policy along with easing rental costs, deregulation and incoming revenue for tariffs are creating a different economic landscape that allow the Fed to cut its benchmark rate by…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) The conventional wisdom believes Friday’s PCE inflation report will have the biggest market impact, but NYSE insider Jay Woods believes the weekly jobless claims data Thursday is the more important one for markets. Woods, chief market strategist at Freedom Capital markets, believes a spike in jobless claims could move the market more because that will mean “the Fed has more work to do because unemployment is going higher.” He also notes the PCE…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesPfizer on Monday said it would buy weight loss drugmaker Metsera in an up to $7.3 billion deal, including future payments, as it scrambles to win a slice in the booming obesity drug market. Pfizer said it will pay an initial $47.50 a share in cash for Metsera, a nearly 43% premium to the biotech company’s Friday’s closing price of $33.32. That gives the deal an enterprise value of $4.9 billion. The pact also includes a contingent value right worth up to $22.50 a share based on potential clinical and regulatory achievements for…
White House press secretary Karoline Leavitt says that a deal is reached between the U.S. and China where TikTok’s algorithm and data are controlled by America and are majority-owned by Americans in the United States. Mike Campbell | Nurphoto | Getty ImagesA preliminary deal to keep TikTok alive in the United States will not involve the federal government taking an equity stake or a “golden share” in the social media company, a senior White House official said Monday.The official confirmed that the deal will base the popular video app’s U.S. operations in the states as part of a new joint…
Eric Jackson, a hedge fund manager who partly contributed to the trading explosion in Opendoor, unveiled his new pick Monday — Better Home & Finance Holding Co.Shares of Better Home shot up 8.4% after a Jackson post on X touted the stock, after the New York-based mortgage lender soared more than 36% last week. Better Home’s market capitalization was a little more than $500 million as of Friday’s close, according to FactSet data.The EMJ Capital president and founder called Better Home “the Shopify of mortgages” and said the company is rebuilding a $15 trillion industry from scratch using artificial intelligence.…
Toast Inc. (TOST) , a leading provider of cloud-based restaurant management software, trades at approximately $40.75, firmly entrenched within a $30 to $50 trading range observed over the past six months. This consolidation reflects the benefit of steady operational progress and the headwinds of an economy experiencing relatively slow growth, a stretched consumer and relatively high valuation. The combination of technical, fundamental and macroeconomic factors supports a range-bound outlook, tempering expectations for significant breakouts (or breakdowns) absent a major catalyst. When combined with relatively high options premiums, 3-6 month implied volatility is close to 50%, Toast may present an interesting…
