📊 The Nasdaq notched a second straight record close as oil slid for a fifth day. It rose 0.45% to 27,244.28, while the S&P 500 finished flat, the Dow fell 0.36% and Canada's S&P/TSX Composite climbed 0.91%. 💉 Viking Therapeutics ($VKTX ) surged 31% in morning trade after its obesity drug VK2735 delivered 16% to 19% body weight loss over 21 weeks, putting it in range of the Eli Lilly and Novo Nordisk treatments. Both incumbents traded 1% lower. 🛒 Shopify ($SHOP) jumped 7.12% to $147.74 on a partnership with Meta's AI agent Muse to enable agentic checkout through Shop Pay. That is a two-day rally of more than 15%. 💾 Sandisk ($SNDK) gained nearly 7% after Rosenblatt started coverage at buy with a $2,400 target, implying 36% upside. Analyst Kevin Cassidy argues AI compute is turning NAND flash from a commodity into system-critical infrastructure. 🚢 Royal Caribbean ($RCL) fell 6.14% to $234.89 on reports it is nearing a deal for a 50% stake in Sandals Resorts International at $3 billion. Talks are ongoing and nothing is signed. 🛢️ Oil fell for a fifth straight session after Trump said U.S. officials had a very good three-hour meeting with Iran's delegation. Brent settled down 1.09% at $99.25 and WTI fell 1.24% to $94.59. Iran has reportedly offered to reopen the Strait of Hormuz within seven days. 👨🏻💻 Researched and written daily by @timemino
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Tim Emino@timemino · 20m
Sandisk to the 🌕
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