Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

Allegro MicroSystems stock jumps 6% as February Analyst Day sharpens focus on targets

Allegro MicroSystems stock jumps 6% as February Analyst Day sharpens focus on targets

Allegro MicroSystems surged 6.5% to $32.78 Wednesday after announcing an analyst day for Feb. 18 in Boston. The move outpaced chip sector peers as the Philadelphia Semiconductor Index fell 1.7%. Allegro will report Q3 results Jan. 29, with CEO Mike Doogue and CFO Derek D’Antilio set to host a call at 8:30 a.m. ET. The analyst day will be hybrid, with limited in-person attendance and a webcast.
Constellation Software stock tumbles to new 52-week low as investors question acquisition-led growth

Constellation Software stock tumbles to new 52-week low as investors question acquisition-led growth

Constellation Software shares fell 6.3% to C$3,008.19 in Toronto Wednesday, touching a new 52-week low and leaving the stock down 43% from last year’s peak. The drop follows concerns over slowing organic growth despite a recent RBC price target hike to C$5,600. Constellation’s market cap stood near C$68 billion. The stock trades at 72.7 times earnings, well above the Canadian software industry average.
Gold price hits $4,641 record as Powell probe and Fed cut bets send silver above $92

Gold price hits $4,641 record as Powell probe and Fed cut bets send silver above $92

Spot gold hit a record $4,641.40 an ounce Wednesday, with silver at $92.23, after softer U.S. core CPI data fueled bets on two Federal Reserve rate cuts this year. Analysts flagged increased volatility and profit-taking risk as margins narrowed. CME Group said it will adjust margin requirements for precious metals. Geopolitical tensions and political pressure on the Fed added to safe-haven demand.
Bitcoin meets gold: 21Shares’ BOLD ETP lands on the London Stock Exchange

Bitcoin meets gold: 21Shares’ BOLD ETP lands on the London Stock Exchange

21Shares listed its Bitcoin Gold ETP, BOLD, on the London Stock Exchange, combining bitcoin and physical gold in a single security. The launch follows the UK’s lifting of its ban on certain crypto exchange-traded notes for retail investors. BOLD carries a 0.65% annual fee and had $40.1 million under management as of January 12. The product’s allocation shifts monthly based on asset volatility.
Concentrix stock jumps as CNXC sets 2026 cash-flow target after $1.5 billion goodwill write-down

Concentrix stock jumps as CNXC sets 2026 cash-flow target after $1.5 billion goodwill write-down

Concentrix shares rose 3.9% to $40.71 Wednesday after the company posted Q4 revenue of $2.55 billion and a $1.52 billion goodwill impairment charge. Adjusted profit and cash flow held steady, but BofA and Baird cut price targets, citing margin pressure. Concentrix forecast 2026 revenue of up to $10.18 billion and non-GAAP EPS as high as $12.07.
Coney Island finally gets its own BID — and a July 2026 launch is now on the clock

Coney Island finally gets its own BID — and a July 2026 launch is now on the clock

Coney Island’s business improvement district will launch July 1, 2026, after supporters confirmed city approval. The BID will cover Mermaid and Surf avenues, aiming to fund sanitation, safety, and promotions through property owner assessments. The district includes over 350 businesses and about 50,000 residents. Boundaries stretch from the New York Aquarium to West 33rd Street.
14 January 2026
Bitcoin breaks $96,000 as U.S. crypto regulation bill and softer inflation data lift prices

Bitcoin breaks $96,000 as U.S. crypto regulation bill and softer inflation data lift prices

Bitcoin rose 3.6% to nearly $96,876 as ether and XRP also advanced ahead of a Senate Banking Committee debate on crypto regulation. U.S. senators introduced a draft bill that would clarify oversight of digital assets and restrict stablecoin interest payouts. December CPI data showed core inflation up 0.2% for the month. The Federal Reserve is expected to pause rate hikes at its next meeting.
CVR Energy stock jumps as oil volatility and U.S. inventory data keep refiners in focus

CVR Energy stock jumps as oil volatility and U.S. inventory data keep refiners in focus

CVR Energy shares jumped 6.6% to $24.28 in Wednesday afternoon trading, outpacing gains in other major U.S. refiners. Oil prices rose for a fifth straight day as U.S. crude inventories increased by 3.4 million barrels and gasoline stocks surged by 9 million barrels last week, according to the EIA.
UEC stock jumps nearly 11% as uranium supply squeeze talk returns — and a Feb. 27 vote looms

UEC stock jumps nearly 11% as uranium supply squeeze talk returns — and a Feb. 27 vote looms

Uranium Energy Corp shares jumped 10.8% to $17.23 Wednesday, outpacing sector gains as traders responded to tightening U.S. uranium supply. Anfield Energy disclosed a $4 million subscription receipt purchase by a Uranium Energy unit, pending shareholder approval by Feb. 27. U.S. uranium mine output is projected at 1 million pounds this year, far below annual consumption of over 50 million pounds, according to Reuters.
Taseko Mines stock jumps as Florence Copper nears start-up, CEO flags first cathode “within weeks”

Taseko Mines stock jumps as Florence Copper nears start-up, CEO flags first cathode “within weeks”

Taseko Mines’ U.S. shares jumped 11% to $7.25 Wednesday after the company announced commissioning of its Florence Copper plant in Arizona, with first production expected in weeks. The Gibraltar mine produced 98 million pounds of copper in 2025, rebounding in the fourth quarter despite a November shutdown caused by an accident.
Nuvalent stock jumps as FDA review clock sharpens focus on 2026 launch plans

Nuvalent stock jumps as FDA review clock sharpens focus on 2026 launch plans

Nuvalent shares rose about 6% Wednesday after the company set 2026 targets for its lung cancer drug and reported $1.4 billion in cash at year-end. The FDA accepted its new drug application for zidesamtinib, with a decision expected by Sept. 18, 2026. Nuvalent plans a U.S. launch if approved and aims to file for a second lung cancer drug in early 2026.
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Stock Market Today

Walmart stock jumps to $131 as traders brace for CPI and Feb. 19 earnings

Walmart stock jumps to $131 as traders brace for CPI and Feb. 19 earnings

7 February 2026
Walmart shares rose 3.3% Friday to $131.18, up 10% since Jan. 30, as the Dow closed above 50,000 for the first time. The retailer’s market value crossed $1 trillion this week. Investors await January inflation data on Feb. 13 and Walmart’s quarterly results on Feb. 19 for signs of continued momentum.
Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

7 February 2026
Caterpillar shares surged 7.1% to $726.20 Friday, driving the Dow above 50,000 for the first time. The move erased recent losses and followed insider selling by Group President Bob De Lange earlier in the week. Deere and CNH Industrial also gained as investors rotated into industrial stocks. Markets await next week’s U.S. jobs and inflation data.
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