markets

Luke Kawa10/20/25

United States Antimony soars after proposed acquisition of Australian miner Larvotto Resources

United States Antimony Corp. is up after revealing a proposal to purchase Australian miner Larvotto Resources in an all-stock deal.

US Antimony has already acquired 10% of the company in the open market.

Larvotto is planning on developing Australia’s largest deposit of antimony, a metalloid that’s used in ammunition, batteries, and certain semiconductor products. Antimony is not a rare earth, but is considered strategically important and its production has been dominated by China.

“Our proposal to combine with Larvotto reflects our deep commitment to build a world class industry player in the critical minerals space and our strong conviction in the strategic and cultural fit between the two organizations as well as our countries,” Chairman and CEO Gary Evans said. “We see this as a compelling opportunity for Larvotto shareholders to participate in the upside of a larger, more diversified group — one with financial strength, global reach, and top tier technical capabilities.”

US Antimony has rallied strongly in recent months as the US government began to accumulate equity positions in critical minerals producers and investors tried to identify future potential targets for government investment. Those gains kicked into high gear last week after JPMorgan announced plans to invest billions in critical minerals and other industries key to America’s economic security and resiliency.

William Blair analyst Neal Dingmann initiated coverage of USAC with an “outperform” rating on Monday, suggesting that the US government may also take a position in the firm, per Bloomberg.

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J. Edward Moreno7/7/26

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.

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Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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