ANGO News & Events

The major averages closed broadly higher for the second day in a row, with the Dow up more than 500 points as blue chip stocks appear to be creating a strong lift. Amazon rose, while other AI-related stocks also closed higher amid dozens of major announcements in the space at this year's Consumer Electronics Show. Still, some reluctance remains from traders as they await fresh near-term catalysts, especially as they look ahead to key economic data including employment reports later this week.Looking to commodities, gold prices were higher once again, with the "safe haven" asset inching toward the $4,500 mark. Oil prices were fractionally lower, meanwhile, ahead of this afternoon's API crude numbers.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidialaunched the, comprising six new chips designed to deliver "one AI supercomputer"VistraCogentrix Energy for $4BMicrochipraised its, with CEO Sanghi expecting a "fairly broad-based recovery" in most of the company's end marketsOneStreamby HG for $24 per share in cashElon Musk's xAI raised $20B in an, with Nvidiaand Ciscoparticipating in the round2. WALL STREET CALLS:Brinkerto Buy at UBSDeutsche BankShake Shackto Buy on early 2026 catalystsCore Scientificto Buy at BTIGShopifyto Peer Perform at Wolfe Research amid high expectationsChevronand Exxon Mobilto Sell at Freedom Capital3. AROUND THE WEB:Metahas named C.J. Mahoney as chief legal officer, Axios reportsEli Lillyis in advanced talks to acquire Ventyx Biosciencesfor more than $1B, WSJ reportsIntelsaid it intends to launch an "entire handheld gaming platform with Panther Lake" chips later in 2026, Verge reportsKKR, Warburg Pincus, and EQT Partners are among the bidders looking to acquire TPG's Southeast Asia school business, WSJ reportsEniand Repsolhave supplied Venezuela with gas and naphtha for several years, which were used to dilute the country's heavy oil for transport, but the companies are struggling to recover payments of about $6B from the country and are facing indifference from U.S. officials, FT says4. MOVERS:Alumsincreases after announcing Phase 3 trial of envudeucitinibTerrestrial Energygains after executing anwith the U.S. DOE for Project TETRAAevahigher after its Frequency Modulated Continuous Wave 4D LiDAR technology has beenDRIVE Hyperion autonomous vehicle reference platformStaar Surgicallower after announcing its intention towith AlconSoFi Technologiesfalls after BofAof the stock with an Underperform rating5. EARNINGS/GUIDANCEAngioDynamics, with CEO Jim Clemmer commenting, "We delivered an excellent second quarter"Trinity Industriesraised itsNewton GolfprovidedJFB Construction, with CEO Joseph Basile, III, commenting, "Our growth in 2025 represents ongoing projects in several key business verticals"Energy Transfer LPprovidedINDEXES:The Dow rose 484.90, or 0.99%, to 49,462.08, the Nasdaq gained 151.35, or 0.65%, to 23,547.17, and the S&P 500 advanced 42.77, or 0.62%, to 6,944.82.

The major averages were broadly higher near noon for the second day in a row, with the Dow up more than 300 points as blue chip stocks appear to be creating a strong lift. Amazon was trading higher near midday, while other AI-related stocks are also on the rise amid dozens of major announcements in the space at this year's Consumer Electronics Show. Still, some reluctance remains from traders as they await fresh near-term catalysts, especially as they look ahead to key economic data including employment reports later this week.Looking to commodities, gold prices were higher once again, with the "safe haven" asset inching toward the $4,500 mark. Oil prices were fractionally lower, meanwhile, ahead of this afternoon's API crude numbers.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidialaunched the, comprising six new chips designed to deliver "one AI supercomputer"VistraCogentrix Energy for $4BMicrochipraised its, with CEO Sanghi expecting a "fairly broad-based recovery" in most of the company's end marketsMeta Platformshasof the Meta Ray-Ban DisplayNXP Semiconductorsand GE HealthtCareare collaborating over2. WALL STREET CALLS:Brinkerto Buy at UBSDeutsche BankShake Shackto Buy on early 2026 catalystsCore Scientificto Buy at BTIGShopifyto Peer Perform at Wolfe Research amid high expectationsChevronand Exxon Mobilto Sell at Freedom Capital3. AROUND THE WEB:A Chinese hospital says Alibaba'sPANDA AI tool has analyzed more than 180,000 CT scans to help doctors detect roughly 24 pancreatic cancer cases since its November 2024 rollout, NYT saysIntelsaid it intends to launch an "entire handheld gaming platform with Panther Lake" chips later in 2026, Verge reportsKKR, Warburg Pincus, and EQT Partners are among the bidders looking to acquire TPG's Southeast Asia school business, WSJ reportsEniand Repsolhave supplied Venezuela with gas and naphtha for several years, which were used to dilute the country's heavy oil for transport, but the companies are struggling to recover payments of about $6B from the country and are facing indifference from U.S. officials, FT saysBuyout firm Hg confirmed reports that it struck a deal to acquire financial software maker OneStream4. MOVERS:Alumsincreases after announcing Phase 3 trial of envudeucitinibTerrestrial Energygains after executing anwith the U.S. DOE for Project TETRAAevahigher after its Frequency Modulated Continuous Wave 4D LiDAR technology has beenDRIVE Hyperion autonomous vehicle reference platformStaar Surgicallower after announcing its intention towith AlconSoFi Technologiesfalls after BofAof the stock with an Underperform rating5. EARNINGS/GUIDANCEAngioDynamics, with CEO Jim Clemmer commenting, "We delivered an excellent second quarter"Trinity Industriesfor FY25Newton GolfJFB Construction, with CEO Joseph Basile, III, commenting, "Our growth in 2025 represents ongoing projects in several key business verticals"Energy Transfer LPINDEXES:Near midday, the Dow was up 0.68%, or 331.23, to 49,308.41, the Nasdaq was up 0.23%, or 52.76, to 23,448.58, and the S&P 500 was up 0.33%, or 22.48, to 6,924.53.

AngioDynamics ended fiscal 2026 second quarter with $41.6M in cash and cash equivalents, ahead of the company's expectations. It continues to expect to be cash flow positive for the full year FY 2026.

The company announced that Jim Clemmer has informed the Board of Directors of his intention to retire from the company upon the appointment of a successor, which is anticipated to occur during fiscal 2027. The Board has established a search committee to conduct a comprehensive search, which will be assisted by a leading executive search firm, to identify the company's next CEO. Until his successor is appointed, Clemmer will continue as President and CEO, leading and overseeing the company's strategic and financial initiatives with a focus on revenue growth and profitability.