Opening Recap
Market Pulse: Institutional flows jittered between slimming down on financial and biotech names and piling into venture debt and semis, leaving markets stuck in neutral.
Key Movers: FB Financial, TriplePoint Venture Growth BDC and Chipmos Technologies led the tape, with upgrades and downgrades sparking quick swings.
Macro & Politics: No fresh policy from Washington as lawmakers talk tax reform; until proposals land, markets stay focused on earnings chatter.
What’s Next: Keep an eye on Q3 earnings releases and mutual-fund flow data for signals on the next rotation.
Enhanced Market Commentary
Everyone’s cheering the upgrades on MoneyHero (ETF Daily News) and Iterum Therapeutics, but they’re sleeping on the fact that Wall Street Zen cut LightPath Technologies to a sell rating—an indicator of persistent margin pressure that could damn chip-equipment plays.
By marrying the uptick in buying from Ballentine Partners LLC Boosts Stake in Chipmos Technologies with the radio silence on corporate tax reform, you see companies leaning on earnings growth rather than policy windfalls—a sign that organic growth is in demand, even if it means dealing with hellish inventory cycles.
Actionable take-away: Rotate out of higher-beta biotech names like Iterum post-upgrade and trim exposure if you haven’t stress-tested inventory overhang in semis. Instead, consider a modest entry into TriplePoint Venture Growth BDC Corp. but keep stops tight in case venture debt liquidity tightens further.
📈 Breaking Financial News
MoneyHero (NASDAQ:MNY) Upgraded at Wall Street Zen
Wall Street Zen upgraded shares of MoneyHero (NASDAQ:MNY – Free Report) from a hold rating to a buy rating in a research note published on Friday. Separately, Greenridge Global raised shares of MoneyHero to a “strong-buy” rating and set a $4.00 price objective…
Intuitive Surgical (NASDAQ:ISRG) Downgraded to “Hold” Rating by Wall Street Zen
Wall Street Zen downgraded shares of Intuitive Surgical (NASDAQ:ISRG – Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday morning. ISRG has been the subject of several other research reports. Evercore ISI lifted t…
Iterum Therapeutics (NASDAQ:ITRM) Upgraded at Wall Street Zen
Wall Street Zen upgraded shares of Iterum Therapeutics (NASDAQ:ITRM – Free Report) from a sell rating to a hold rating in a research note released on Friday. Iterum Therapeutics Trading Down 3.1% Iterum Therapeutics stock opened at $0.72 on Friday. Iterum The…
Voya Investment Management LLC Sells 820 Shares of FB Financial Corporation $FBK
Voya Investment Management LLC reduced its position in FB Financial Corporation (NYSE:FBK – Free Report) by 7.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,291 shares of the fin…
Ballentine Partners LLC Boosts Stake in Chipmos Technologies $IMOS
Ballentine Partners LLC grew its position in shares of Chipmos Technologies (NASDAQ:IMOS – Free Report) by 110.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 31,793 shares of the semiconductor company’s stock after acquiring an additional …
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🔍 Market Analysis & Insights
25,000 Shares in CommScope Holding Company, Inc. $COMM Acquired by Mariner Investment Group LLC
Mariner Investment Group LLC acquired a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. T…
Assenagon Asset Management S.A. Sells 161,323 Shares of Webster Financial Corporation $WBS
Assenagon Asset Management S.A. lowered its position in Webster Financial Corporation (NYSE:WBS – Free Report) by 82.7% during the second quarter, Holdings Channel reports. The institutional investor owned 33,823 shares of the financial services provider’s st…
Rezny Wealth Management Inc. Acquires 83 Shares of Stride, Inc. $LRN
Rezny Wealth Management Inc. grew its holdings in shares of Stride, Inc. (NYSE:LRN – Free Report) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor own…
Voya Investment Management LLC Purchases Shares of 4,822 Nathan’s Famous, Inc. $NATH
Voya Investment Management LLC purchased a new stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4…
U.S. Capital Wealth Advisors LLC Buys 7,600 Shares of TriplePoint Venture Growth BDC Corp. $TPVG
U.S. Capital Wealth Advisors LLC lifted its stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Free Report) by 23.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned …
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💰 Investment Opportunities
Norden Group LLC Acquires 15,160 Shares of TriplePoint Venture Growth BDC Corp. $TPVG
Norden Group LLC boosted its position in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Free Report) by 36.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 56,848 shares of the investment management …
DXP Enterprises, Inc. $DXPE Shares Purchased by Rezny Wealth Management Inc.
Rezny Wealth Management Inc. raised its position in DXP Enterprises, Inc. (NASDAQ:DXPE – Free Report) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,803 s…
Voya Investment Management LLC Sells 414 Shares of Ligand Pharmaceuticals Incorporated $LGND
Voya Investment Management LLC lowered its stake in shares of Ligand Pharmaceuticals Incorporated (NASDAQ:LGND – Free Report) by 8.0% in the first quarter, Holdings Channel reports. The institutional investor owned 4,750 shares of the biotechnology company’s …
2,611 Shares in U.S. Physical Therapy, Inc. $USPH Purchased by Sowell Financial Services LLC
Sowell Financial Services LLC acquired a new position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,611 shares…
LightPath Technologies (NASDAQ:LPTH) Downgraded to Sell Rating by Wall Street Zen
Wall Street Zen cut shares of LightPath Technologies (NASDAQ:LPTH – Free Report) from a hold rating to a sell rating in a research report released on Friday morning. Several other research analysts also recently weighed in on the company. HC Wainwright booste…
The Dirty Secret About Gold Mining Stocks…
Here's something most gold analysts won't tell you: 90% of gold mining companies actually destroy shareholder value over time. Even as gold prices rise. Take Coeur Mining. In 1995, their stock was $200. Today? Just $2.75. But here's the opportunity most miss: The other 10% of miners capture nearly ALL the profits in the industry.