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Solstice (SOLS) Jumps 12.8% on Merger Exit, $500M Buyback
Insider Monkey22d agobullish
Solstice (SOLS) Jumps 12.8% on Merger Exit, $500M Buyback

Solstice Advanced Materials (NASDAQ:SOLS) jumped by 12.76 percent on Friday to finish at $63.53 apiece after abandoning a plan to acquire Element Solutions for $14.5 billion, while investors also cheered a $500 million share buyback program. In a statement, the company said that it entered into an agreement with Element Solutions to formally terminate their […]

The Jackson Hole Rally Has Already Faded
Barrons.com22d agobullish
The Jackson Hole Rally Has Already Faded

Wall Street may not get a Jackson Hole rally, after all. The major stock market indexes couldn’t hold onto earlier gains. The Dow Jones Industrial Average was flat. The S&P 500 was down 0.2%. The Nasdaq Composite was down 0.

Okta Stock Surges 29%—Is $200 the Next Stop?
MarketBeat22d agobullish
Okta Stock Surges 29%—Is $200 the Next Stop?

Okta shares surged after strong Q2 results and raised guidance, with revenue up 10.6% and analysts lifting price targets, some to $200, as AI-driven demand for identity security boosts growth.

Treasury Rally May Extend After Jackson Hole
Barrons.com23d agobullish
Treasury Rally May Extend After Jackson Hole

Treasuries have rallied heading into Kevin Warsh's first Jackson Hole speech as Fed chairman. The bond market typically sells off in the lead-up to the Fed's annual economic policy symposium in Jackson Hole, Wyoming. From 2011 to 2025, 10-year Treasury yields rose 5 basis points or 0.05 percentage points, on average, in the week prior to Jackson Hole, according to Vail Hartman, U.S. rates strategist at BMO.

Solstice Stock Jumps After Calling Off a Major Acquisition
Barrons.com23d agobullish
Solstice Stock Jumps After Calling Off a Major Acquisition

Shares of Solstice Advanced Materials soared early Friday after the company called off a dramatic acquisition that would have turned the company into even more of an AI play. In early July, Solstice announced a cash and stock deal to buy Element Solutions Element makes products used in semiconductor manufacturing. Together, the companies would supply three legs of the AI value chain: The chips, the data centers, and the power that makes everything work.