Shares of health insurance company UnitedHealth (NYSE:UNH) fell 16% in the morning session after the Wall Street Journal reported that the Justice Department was investigating the company for possible Medicare fraud. Such investigations typically trigger investor concern due to the potential for significant financial penalties, legal costs, and reputational damage.
Shares of agricultural and construction machinery company Deere (NYSE:DE) jumped 5% in the morning session after the company turned in an impressive second quarter, with both sales and earnings beating expectations, even though sales overall were down quite a bit from the previous year.
CoreWeave's (CRWV) spending plans overshadowed the company's first earnings report since going public via an IPO in March 2025. MoffettNathanson managing director of digital infrastructure equity research, Nick Del Dio, joins Catalysts with Madison Mills and Innovator ETFs chief investment strategist Tim Urbanowicz to discuss the results and the hyperscaler's plans to invest up to $23 billion in CapEx spending into AI. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Foot Locker stock skyrocketed Thursday after Dick’s Sporting Goods said it had agreed to buy the shoe retailer for about $2.4 billion. Dick’s said in a press release that it had entered a merger agreement to buy Foot Locker at $24 a share, representing a nearly 90% premium to Foot Locker’s stock price as of Wednesday’s closing bell. Foot Locker shareholders also can choose to receive 0.1168 a share of Dick’s common stock for each share of Foot Locker common stock in lieu of the $24.
Shares of clothing and footwear retailer Boot Barn (NYSE:BOOT) jumped 19.3% in the morning session after the company reported strong fourth-quarter results as its profit margins and EBITDA beat expectations, but its sales and earnings per share came in a bit short. The company's top-line growth, driven by store openings and nearly 10% growth in online sales, helped explain the strength in EBITDA. Looking ahead, the company's guidance suggested sales will keep growing at a steady pace, but mostly
Shares of sporting goods retailer Dick’s Sporting Goods (NYSE:DKS) fell 14.2% in the morning session after the company announced the acquisition of footwear retailer Foot Locker for $2.4 billion. DKS would pay with some of its cash and take on new debt.
“Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing (BA) aircraft and GE Aerospace (GE) engines to Qatar Airways,” the White House stated in fact sheet circulated in conjunction with the president’s trip. “Parsons (PSN) has successfully won 30 projects worth up
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