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news summary only
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( this is off topic, because it is more news related, course one could argue that it is intopic because the stocks are misunderstood)
Key Points
\- Kyndryl plummets as the company’s chief financial officer leaves amid a review of the company’s accounting practices.
\- Hims & Hers Health falls sharply as the online pharmacy vows to discontinue a compounded weight-loss pill.
\- Valaris stock surges after fellow offshore drilling company Transocean agrees to acquire it for $5.8 billion.
. . . .
Kyndryl Holdings cratered 55%. Kyndryl’s chief financial officer, David Wyshner, departed the company amid a review of its accounting practices. The company will delay filing its quarterly report with the Securities and Exchange Commission and expects to report material weaknesses in its internal control over financial reporting for fiscal 2025 as well as the first three quarters of fiscal 2026. Kyndryl’s latest quarterly earnings also were weaker than expected.
Hims & Hers Health sank 16%. The online pharmacy said Saturday that it would no longer offer a compounded pill version of Novo Nordisk’s popular weight-loss medicine Wegovy following scrutiny from federal regulators. Novo’s American depositary receipts gained 3.6% on Monday.
Valaris soared 34%. Fellow offshore drilling company Transocean has agreed to acquire Valaris in an all-stock deal worth $5.8 billion. The combined company would have an enterprise value of roughly $17 billion.
. . . . <skipped MU>
Kroger gained 3.9% after naming former Walmart executive Greg Foran its next CEO, effective immediately. Chairman Ron Sargent, who had served as interim CEO since March 2025, described Foran as “a highly respected operator who knows how to run large-scale retail businesses.”
STMicroelectronics jumped 8.9% after the European semiconductor manufacturer said it had struck a multiyear, multibillion-dollar with Amazon’s cloud-computing arm, Amazon Web Services. AWS will also have the option to buy a stake of up to 2.7% in STMicroelectronics.
AppLovin was up 13%. Capitalwatch, a self-described independent news organization, retracted its earlier allegations against AppLovin, which it depicted as a “laundering machine” for illicit funds from Southeast Asia. The publisher personally apologized to major shareholder Hao Tang, whom it depicted as the facilitator of the scheme.
Oracle surged 9.6%. Analysts at D.A. Davidson upgraded the stock to Buy from Neutral with a $180 price target on Monday as they urged investors to buy the dip. The firm has gained confidence in OpenAI’s eventual ability to pay Oracle for its data-center buildout.
Monday.com slumped 21%. The software provider posted quarterly earnings that topped Wall Street forecasts but 2026 guidance that disappointed.
. . . . <skipped NVDA>
Cleveland-Cliffs declined 16% after the steel company posted $4.3 billion in revenue for the fourth quarter, missing analysts’ estimates of $4.57 billion. Investors also were disappointed with a lack of updates about a strategic partnership with Korean steel maker POSCO. The pair has been discussing an agreement that could lead to an equity investment in the U.S. steel maker.
Dynatrace was up 7.3%. The IT infrastructure software company reported better-than-expected fiscal third-quarter adjusted earnings and raised its estimate for fiscal 2026 earnings to $1.67 to $1.69 a share from $1.62 to $1.64.
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