Markets
markets
J. Edward Moreno

Hims & Hers crash is just another opportunity for retail to buy the dip

Retail traders are still running toward Hims & Hers despite the company’s record one-day loss after Novo Nordisk called off its partnership with the telehealth company.

Over the past five days, Hims has been one of the most bought securities on Interactive Brokers, more than Palantir, Apple, or Amazon. Despite dropping more than 30% on the news, the move “attracted opportunistic buyers,” Interactive Brokers Chief Strategist Steve Sosnick wrote in a Tuesday note.

“It can take some time to learn whether dip buying is instead knife catching, so the situation in HIMS will take a few days to resolve,” he wrote.

Options activity on the platform has also been tilted to the bullish side over this stretch, per Interactive Brokers’ data.

Hims zigzagged a bit throughout Tuesday morning as investors continued to digest the news. While the partnership was never a revenue driver for Hims, it did quell worries about litigation risk and presented the prospect of future collaborations with the drugmaker.

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Luke Kawa
8/17/26
Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

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Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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