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Fox's $22B Roku Deal: Why the Acquirer's Stock Tanked 17%
Fox Corporation agreed to buy Roku for roughly $22 billion in cash and stock, a deal that sent Fox's own shares plunging ~17% on dilution and debt concerns — while Roku barely budged.
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SpaceX Hits $2 Trillion in Three Days — SPCX Options Start Trading Today
SpaceX's record-breaking IPO keeps running: SPCX has surged roughly 30% from its $135 offer price to top a $2 trillion market cap, and options begin trading on Cboe today — just two sessions after the stock debuted.
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SpaceX's IPO Is Pulling Money Out of Tesla — How Bad Is the Pressure?
With SpaceX pricing its IPO at a $1.77T valuation that tops Tesla's market cap, analysts estimate $5B–$10B in retail money is rotating out of TSLA into the new offering. JPMorgan just flipped from underweight to neutral with a $475 price target.
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Adobe Beat on Every Line and Raised Guidance. So Why Did Shares Drop 5% After Hours?
Adobe posted record Q2 revenue of $6.62B, topped EPS estimates, and lifted its full-year outlook — but the after-hours selloff had nothing to do with the numbers. CFO Dan Durn is heading to Marvell, and that spooked the market.
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SpaceX Hits Nasdaq Today in $75B IPO — the Largest in History
SpaceX priced its IPO at $135 per share, implying a ~$1.77 trillion valuation, and begins trading on Nasdaq under ticker SPCX on June 12. The $75 billion raise is more than triple the previous U.S. record set by Alibaba.
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Casey's Blows Past Estimates, Stock Surges ~20% in a Flat Market
Casey's General Stores (CASY) crushed Q4 expectations on every line — EPS of $4.37 vs. the $3.31 consensus, revenue of ~$4.6B vs. ~$4.2B expected — sending shares up nearly 20% on a day the S&P 500 barely moved.
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Cracker Barrel Surges 23% After Blowing Past Estimates and Raising Full-Year Outlook
Cracker Barrel (CBRL) posted an unexpected profit and beat on revenue, sending shares up as much as 30% intraday on Wednesday — a stark contrast to the tech selloff happening the same day. The company also raised its full-year EBITDA guidance by as much as 47%.
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Robinhood Bucks Market Sell-Off With 3% Gain as Goldman Raises Target, IPO Underwriting Approved
Robinhood (HOOD) climbed ~3.1% on Wednesday even as the broader market sagged, powered by Goldman Sachs hiking its price target and news that the firm's brokerage arm has been approved to act as an IPO underwriter.
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Amazon Opens LTL Freight to All Comers — Transport Stocks Take a Hit
Amazon (AMZN) has thrown its less-than-truckload freight network open to any business shipping anywhere in the U.S., sending shares of XPO, Old Dominion, FedEx Freight, and peers sharply lower on Wednesday. Some analysts say the selloff is overdone — for now.
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Oracle Drops 7% After Hours: Record Revenue, Record Capex
Oracle posted record Q4 FY2026 results — $19.2B in revenue, 93% OCI growth, and a $638B backlog — but full-year capex of $55.7B blew past guidance, sending shares down more than 7% after hours. Investors are questioning when the AI infrastructure bill comes due.
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Healthcare Stocks Surge ~3% as Tech Sells Off
While AI and semiconductor names tumbled on June 4, the healthcare sector ran the other way — XLV gained ~3%, led by UnitedHealth and Eli Lilly. Two catalysts drove the move: a BofA upgrade on UNH and CVS expanding coverage of Lilly's oral weight-loss drug.
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Lululemon Beats Q1 Revenue but Cuts Full-Year Guidance, Stock Drops 11%
Lululemon posted Q1 revenue of $2.5B, up 4% YoY and slightly ahead of estimates, but net income slid sharply, Americas comps fell 6%, and the company slashed its full-year revenue and EPS outlook. Shares tumbled roughly 11% after the print.