When we look at the Cboe Volatility Index (VIX), it is quite clear that traders are not overcoming risks, they may instead simply be ignoring them.
Initially purchased for its high dividend yield, the stock has faced challenges due to issues with a major tenant and subsequent restructuring efforts.
Customer experience solutions provider Concentrix (NASDAQ:CNXC) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 1.5% year on year to $2.42 billion. Guidance for next quarter’s revenue was optimistic at $2.46 billion at the midpoint, 2.3% above analysts’ estimates. Its non-GAAP profit of $2.70 per share was 1.7% below analysts’ consensus estimates.
Recreational products manufacturer American Outdoor Brands (NASDAQ:AOUT) announced better-than-expected revenue in Q1 CY2025, with sales up 33.8% year on year to $61.94 million. Its non-GAAP profit of $0.13 per share was significantly above analysts’ consensus estimates.
Shares of solar power systems company SolarEdge (NASDAQ:SEDG)
jumped 5.1% in the afternoon session after reports revealed Congress may not eliminate federal tax incentives for residential rooftop solar installations, sparking a rally across the sector. The potential retention of these crucial tax credits has eased investor fears that had been weighing on the industry.
Shares of home energy technology company Enphase (NASDAQ:ENPH)
jumped 13% in the afternoon session after the solar sector received a boost from indications that U.S. lawmakers are considering preserving tax credits for rooftop solar.
Shares of regional bank Provident Financial Services (NYSE:PFS) jumped 5.8% in the afternoon session after Raymond James initiated coverage on the stock with a "Strong Buy" rating and set a $21 price target. The investment firm highlighted Provident as a "well-run franchise" that is poised to increase its market share, thanks to a robust balance sheet and strong liquidity.
Shares of telehealth company Hims & Hers Health (NYSE:HIMS) jumped 12.1% in the afternoon session after the company's CEO stated that it will continue to offer cheaper, compounded versions of GLP-1 weight-loss drugs. This statement comes on the heels of Novo Nordisk's recent termination of its partnership with Hims & Hers, where it was to supply its branded weight-loss drug, Wegovy. Novo Nordisk ended the collaboration citing concerns over Hims & Hers' promotion and sale of compounded drugs.
Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 5.3% in the afternoon session after reports that Congress may not cut federal tax incentives for residential solar installations. The potential for clean energy tax credits to remain intact, and possibly even be made more generous, has sent a wave of optimism through the solar sector.
Shares of aerospace and defense company Kratos (NASDAQ:KTOS)
fell 5.9% in the morning session after the company announced the pricing of a public stock offering expected to raise approximately $484 million. The defense technology company priced about 13 million shares at $38.50 each, a discount to its previous closing price.
Xiaomi Corp. (Pink: XIACY) shares are trading higher Thursday after the company officially launched its new electric SUV, the YU7, undercutting Tesla Inc (NASDAQ:TSLA) on price and reporting a flood of pre-orders within minutes.
Shares of advanced air mobility leaders Joby Aviation and Archer Aviation are trading higher on Thursday. The stocks are rising following encouraging comments from FAA Acting Administrator Chris Rocheleau.
