MBA Mortgage Applications Composite Index: +0.4% to 340.2, compared to +2.8% to 339.0 in the prior week. Purchase Index: -4.7% to 149.7, vs. -2.7% to 157.1 a week ago. Refinance Index: +4.1% to 1432.9, vs. +7.1% to 1,375.9 a week ago. 30-year fixed-rate mortgages came in at 6.09%, compared to 6.17% last week. "The ARM (adjustable-rate mortgages) share stayed above 8%, as ARM rates remained more th...
MBA Mortgage Applications Composite Index: +0.4% to 340.2, compared to +2.8% to 339.0 in the prior week. Purchase Index: -4.7% to 149.7, vs. -2.7% to 157.1 a week ago. Refinance Index: +4.1% to 1432.9, vs. +7.1% to 1,375.9 a week ago. 30-year fixed-rate mortgages came in at 6.09%, compared to 6.17% last week. "The ARM (adjustable-rate mortgages) share stayed above 8%, as ARM rates remained more than 80 basis points below conforming fixed rates," said Joel Kan, economist at the Mortgage Bankers Association. "This is giving payment-sensitive borrowers or those seeking larger loans, an incentive to choose this product offering," said Kan. More related to Mortgages Fed proposes rules to bring mortgages back to the big banks Mortgage rates down to lowest level since September 2022
Alkermes ( ALKS ) chief executive officer Richard Pops will retire effective July 31, 2026. The board appointed Blair Jackson, current executive vice president and chief operating officer, as the next CEO effective August 1, 2026, and he is expected to join the board. Following the transition, Pops will remain chairman of the board and serve as an advisor to the executive team. ALKS shares down 3%...
Alkermes ( ALKS ) chief executive officer Richard Pops will retire effective July 31, 2026. The board appointed Blair Jackson, current executive vice president and chief operating officer, as the next CEO effective August 1, 2026, and he is expected to join the board. Following the transition, Pops will remain chairman of the board and serve as an advisor to the executive team. ALKS shares down 3% premarket. More on Alkermes 44th Annual J.P. Morgan Healthcare Conference Alkermes plc (ALKS) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Alkermes: Avadel Deal And Vibrance-2 Unlock Upside Alkermes GAAP EPS of $0.29 misses by $0.05, revenue of $384.5M beats by $3.01M Alkermes Q4 2025 Earnings Preview
hapabapa/iStock Editorial via Getty Images Vanda Pharmaceuticals ( VNDA ) added ~4% in the premarket on Wednesday after announcing that the U.S. FDA accepted for review its marketing application for imsidolimab, a treatment targeted at a rare skin disorder known as generalized pustular psoriasis. The regulator has assigned Dec. 12, 2026, as the target action date for the company’s Biologics Licens...
hapabapa/iStock Editorial via Getty Images Vanda Pharmaceuticals ( VNDA ) added ~4% in the premarket on Wednesday after announcing that the U.S. FDA accepted for review its marketing application for imsidolimab, a treatment targeted at a rare skin disorder known as generalized pustular psoriasis. The regulator has assigned Dec. 12, 2026, as the target action date for the company’s Biologics License Application, which is supported by multiple global clinical trials, including the company’s GEMINI-1 and GEMINI-2 studies. The data from the two pivotal trials suggest that 53% of patients on imsidolimab well tolerated the drug and witnessed clear or almost clear skin over four weeks, compared to 13% who received a placebo. A favorable decision on the BLA will mark the third regulatory nod for Vanda ( VNDA ) over the past twelve months, following the FDA approvals of Lilly ( LLY )-partnered motion sickness therapy, Nereus, in December and the antipsychotic tablet Bysanti this month. More on Vanda Pharmaceuticals Vanda Pharmaceuticals: Soaring On Bysanti Approval, But You Shouldn't Feel Dizzy Vanda Pharma: High Risk, Heavily Discounted - Stock Ahead Of PDUFA This Week Vanda Pharmaceuticals Inc. (VNDA) Q4 2025 Earnings Call Transcript Vanda surges as FDA approves Bysanti for bipolar disorder, schizophrenia Vanda declines on Q4 results, weak 2026 revenue guidance
S&P 500 Index futures rise 0.3% as of 7:45 a.m. in New York as traders look ahead to Nvidia’s earnings, due after the market close. Nasdaq 100 Index futures climb 0.4% Dow Jones Industrial Average futures are up 0.3% The MSCI World Index is up 0.1% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Nvidia (NVDA) +0.7% ahead of its report, Alphabet (GOOGL) +0.5%, Amaz...
S&P 500 Index futures rise 0.3% as of 7:45 a.m. in New York as traders look ahead to Nvidia’s earnings, due after the market close. Nasdaq 100 Index futures climb 0.4% Dow Jones Industrial Average futures are up 0.3% The MSCI World Index is up 0.1% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Nvidia (NVDA) +0.7% ahead of its report, Alphabet (GOOGL) +0.5%, Amazon (AMZN) +0.5%, Microsoft (MSFT) +0.3%, Meta Platforms (META) +0.3%, Tesla (TSLA) +0.4%, Apple (AAPL) -0.2% Lithium stocks are rising after Zimbabwe suspended exports of lithium concentrates and raw minerals. AbCellera Biologics (ABCL) rises 8% after the drug developer reported total revenue for the fourth quarter that was ahead of the average analyst estimate. The firm also posted loss per share for the quarter that was narrower than Wall Street’s expectations. Aspen Aerogels (ASPN) falls 21% after the maker of thermal insulation used in electric vehicles reported loss per share for the fourth quarter that’s wider than expected. The company has initiated a strategic review. Axon (AXON) rises 15% after the Taser maker reported adjusted earnings per share for the fourth quarter that beat the average analyst estimate. Camping World (CWH) slides 12% after the retailer of recreational vehicles reported a larger-than-expected adjusted Ebitda loss for the fourth quarter. Cava Group (CAVA) climbs 11% after the fast-casual chain’s restaurant comp sales forecast for 2026 came in above the average estimate from analysts. Circle Internet Group Inc. (CRCL) rises 16% as profit and revenue increased more than estimated while the amount of its USDC stablecoin in circulation jumped 72% to $75.3 billion in the fourth quarter. First Solar (FSLR) slides 16% after the maker of electricity-producing solar modules reported a 2026 net sales forecast which missed the average analyst estimate. HP Inc. (HPQ) falls 5% after providing a profit outlook for the current quarter that may fall short of es...
Craig Barritt Starwood Property Trust ( STWD ) Q4 earnings and revenue managed to top Wall Street expectations as the real estate-focused finance company completed a transition year in which it acquired Fundamental's net lease business and boosted its securitization pace. Q4 distributable EPS of $0.42 , vs. the average analyst estimate of $0.41, rose from $0.40 in Q3. Total revenue of $492.9M, top...
Craig Barritt Starwood Property Trust ( STWD ) Q4 earnings and revenue managed to top Wall Street expectations as the real estate-focused finance company completed a transition year in which it acquired Fundamental's net lease business and boosted its securitization pace. Q4 distributable EPS of $0.42 , vs. the average analyst estimate of $0.41, rose from $0.40 in Q3. Total revenue of $492.9M, topping the $476.2M consensus, increased from $488.9M in the prior quarter. Interest income from loans dipped to $383.9M from $395.4M in Q3. Interest income from investment securities slid to $4.57M from $7.36M. Starwood Property ( STWD ) stock rose 1.2% in Wednesday premarket trading. "D espite the dilution we knew we would experience when we acquired the Fundamental net lease business, we were excited to add an earnings generator with reliable cash flows, driven by more than 17 years of lease duration and 2.3% contractual rent increases each year, which will be accretive long-term," said Chairman and CEO Barry Sternlicht. Net provision for credit losses dropped to $10.3M from $28.4M in the prior quarter. Total costs and expenses fell to $482.4M from. $489.4M in Q3. During the quarter, Starwood ( STWD ) invested $2.5B, including $1.7B in commercial lending and $0.48B in infrastructure lending, and executed $2.0B of securitized financings across business lines in Q4. After the end of the quarter, the company completed its seventh collateralized loan obligation for $600M and its second net lease asset-backed securities issuance for $446M. It also completed takeout refinancings, which led to higher cash levels during the year. As of Feb. 20, 2026, Starwood ( STWD ) had $1.4B of cash plus approved undrawn debt capacity. "As we deploy this cash across our business lines, invest the committed but unfunded loan capital, scale our net lease business, and bring back the earnings power embedded in the nonaccrual and REO assets, we are confident in our ability to raise earnings in the f...
Spacecraft Builder That Beats Big Defense Primes On Cost And Speed: Here's How To Profit Provided continued AI disruption , indiscriminate software stock selling, and credit market risks do not trigger a broader risk-off market event in the coming weeks or months, a June SpaceX IPO could become the bedrock for the grand reopening of the IPO market. The second-order effects of a SpaceX IPO would be...
Spacecraft Builder That Beats Big Defense Primes On Cost And Speed: Here's How To Profit Provided continued AI disruption , indiscriminate software stock selling, and credit market risks do not trigger a broader risk-off market event in the coming weeks or months, a June SpaceX IPO could become the bedrock for the grand reopening of the IPO market. The second-order effects of a SpaceX IPO would be improved sentiment toward AI companies going public and potentially a serious investor appetite for the low-Earth-orbit space industry. Continuing our ever-evolving " how to profit " space theme, a newly listed company on U.S. exchanges is York Space Systems . YSS is a U.S. government-focused Space Prime that builds standardized satellite buses (spacecraft platforms) at scale, integrates customer payloads, and supports the rest of the mission, launch coordination, the ground segment, and in-orbit operations. " Its vertically integrated design and manufacturing process means its SVs can be produced at 50% of the cost and 20% faster than defense primes ," Goldman analyst Anthony Valentini wrote in a note on Monday. Valentini told clients her markets team has begun to "initiate coverage of YSS at Neutral with a $29 price target." YSS' ability to build spacecraft and offer aligned services at not just half the cost but in a quicker timeframe checks all the boxes that the U.S. military is searching for these days, especially with the DOGE unit at the Department of War resetting the procurement program away from big, bloated legacy primes to startups . Valentini gives three reasons why her markets team favors YSS: Growth : alignment to the growing space economy and shifting DoW purchasing preferences could lead to fast growth; Business model : the business is capital light and structured to control cost, enabling lowest price solutions to customers; Potential sticky high margin revenue : potential for recurring high margin software revenue as the installed fleet increases. YSS w...
Hiraman/E+ via Getty Images Tigo Energy ( TYGO ) -5.3% pre-market Wednesday after saying it entered into definitive agreements with institutional investors for the purchase and sale of 5M common shares at $3.00 each, pursuant to a registered direct offering expected to result in $15M gross proceeds for the company. Tigo ( TYGO ) said it plans to use the proceeds from the proposed offering for gene...
Hiraman/E+ via Getty Images Tigo Energy ( TYGO ) -5.3% pre-market Wednesday after saying it entered into definitive agreements with institutional investors for the purchase and sale of 5M common shares at $3.00 each, pursuant to a registered direct offering expected to result in $15M gross proceeds for the company. Tigo ( TYGO ) said it plans to use the proceeds from the proposed offering for general corporate and working capital purposes. The company also reported Q4 GAAP earnings that exceeded analyst estimates. More on Tigo Energy Tigo Energy Q4 2025 Earnings Call Transcript Seeking Alpha’s Quant Rating on Tigo Energy Financial information for Tigo Energy
The dollar rose to a two-week high against the yen, and the Japanese currency has limited scope to recover even if interventions were carried out to prop up the currency, SocGen said.
The dollar rose to a two-week high against the yen, and the Japanese currency has limited scope to recover even if interventions were carried out to prop up the currency, SocGen said.
DigitalOcean jumped after Q4 earnings as AI ARR hit $120M and guidance rose. See why inference and platform services drive stickier demand, plus key risks.
DigitalOcean jumped after Q4 earnings as AI ARR hit $120M and guidance rose. See why inference and platform services drive stickier demand, plus key risks.
Òran Mór, Glasgow An anecdote about a trip to find Paul McCartney’s Scottish retreat turns into a sweet-natured two-hander M illy Sweeney is a young writer gaining traction. Staged in Pitlochry last year, her play Water Colour, about the changing states of mind of two Glaswegians, earned her the Stage debut award for best writer . Here, she kicks off the lunchtime spring season of A Play, a Pie an...
Òran Mór, Glasgow An anecdote about a trip to find Paul McCartney’s Scottish retreat turns into a sweet-natured two-hander M illy Sweeney is a young writer gaining traction. Staged in Pitlochry last year, her play Water Colour, about the changing states of mind of two Glaswegians, earned her the Stage debut award for best writer . Here, she kicks off the lunchtime spring season of A Play, a Pie and a Pint with a sweet-natured two-hander that turns a family anecdote into a quiet study of love, ambition and the pain of growing apart. It is about Jack and Kathy, who log in separately to online chats with their granddaughter to help with a school assignment about “untold Scottish stories”. They have a particularly good one: on a holiday to Campbeltown in the hot summer of 1976, they made an impromptu attempt to find Paul McCartney’s rural retreat . Continue reading...
halbergman/iStock via Getty Images Thesis Diamondback Energy ( FANG ) reported Q4 earnings on Monday evening, delivering a slight earnings miss. However, the company is well positioned for the long term and an eventual oil market recovery. The company highlighted its deep inventory of over 8,000 wells that remain profitable below $50 oil. The company also bolstered free cash flow per share metrics...
halbergman/iStock via Getty Images Thesis Diamondback Energy ( FANG ) reported Q4 earnings on Monday evening, delivering a slight earnings miss. However, the company is well positioned for the long term and an eventual oil market recovery. The company highlighted its deep inventory of over 8,000 wells that remain profitable below $50 oil. The company also bolstered free cash flow per share metrics by buying back over 5% of the company in 2025. All of this was achieved despite battling a consistently declining oil price throughout 2025. FANG continues to improve its bench strength by investing in exploration of deeper benches. One of the highlights from the earnings release was the company’s plans for efficiency improvements to bring down costs in the deeper Barnett shale. In doing so, FANG is expanding its competitive advantage in both premier acreage and operating cost profile. As a result, FANG is Strong Buy consideration for an eventual oil market recovery. Earnings Summary Diamondback reported a quarterly free cash flow of $1B in the fourth quarter, making this the softest quarterly performance of the year. For the full year, the company generated $5.5B in free cash flow, representing an 11% free cash flow yield. This cash was deployed to shareholders in the form of $2 billion of share repurchases and $1.2 billion in dividends. Combined, this equates to a total cash yield of 6.5%. The remainder of the company’s free cash flow was allocated to the balance sheet. This continues to be a key priority as FANG deleverages following the Endeavor acquisition. FANG Investor Presentation Despite the soft oil prices in the quarter, the company remained vigilant and reduced net debt by $1.3 billion. FANG’s trailing leverage ratio now sits at 1.6x, which is likely higher than the company’s long-term goal. To that point, in the company’s letter to shareholders , Diamondback laid out a clear directive for cash deployment in 2026. The company appears poised to continue an all o...
JHVEPhoto Lumentum ( LITE ) shares gained more than 2% in premarket trading on Wednesday as Citi put the telecom equipment company on an upside 30-day catalyst watch. “We open a 30 days Catalyst Watch on LITE going into OFC,” analyst Papa Sylla wrote in a note to clients. “We expect management to provide above-expectations OCS and CPO revenue or TAM models that should [ultimately] result in a revi...
JHVEPhoto Lumentum ( LITE ) shares gained more than 2% in premarket trading on Wednesday as Citi put the telecom equipment company on an upside 30-day catalyst watch. “We open a 30 days Catalyst Watch on LITE going into OFC,” analyst Papa Sylla wrote in a note to clients. “We expect management to provide above-expectations OCS and CPO revenue or TAM models that should [ultimately] result in a revision to the company’s total LT revenue model. Additionally, we don’t rule out LITE or its key customers announcing new CPO/OCS deployments as we believe both technologies are gearing up for an inflection point in terms of adoption.” Sylla has a Buy rating and an $800 price target on Lumentum. More on Lumentum Lumentum Holdings: The Laser Winner In AI Why Lumentum Wins Over Coherent (For Now) Lumentum: AI's Hidden Bottleneck Winner Networking, AI stocks jump on back of AMD-Meta megadeal Lumentum in focus as GF ups target on rising growth prospects