LPRO News & Events

The major averages had a mixed session, with the Dow hitting its fourth straight day of gains while the Nasdaq pulled back. Elon Musk's SpaceX continued to build on its massive post-IPO rally, climbing higher in the ranks of the biggest companies in the world in terms of market capitalization. Oil prices continue to drop, slipping below $80 per barrel. Meanwhile, investors are beginning to shift attention from geopolitical headlines toward tomorrow's Federal Reserve decision and commentary from new Fed Chair Kevin Warsh.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXwith Cursor in a deal valued at $60BYum! Brandsentered into agreements tofor $2.7B in the aggregateHuntsmanand Olinin an all-stock merger of equalsRobinhoodannounced aand will incur $10M of chargesGeneral Motorsis considering partnering with Lockheed Martinon weapons parts,2. WALL STREET CALLS:Exxon Mobilto Buy from Neutral at BofAWolfePalantirto Peer Perform after resuming coverageKilroy Realtyto Buy at BofA on AI-driven leasing momentumBTIGFannie Maeand Freddie Macon conservatorship release uncertaintyDomoto Hold from Buy at TD Cowen3. AROUND THE WEB:Rivianlaid off hundreds of employees on Tuesday, WSJ reportsNvidiaraised $25B in high-grade bonds, up from a $20B target, amid strong $85B investor demand, marking its first debt issuance since 2021 and reflecting intense appetite for AI-linked credit as proceeds are expected to be used for refinancing and other corporate purposes, Bloomberg saysBlackRockwill be eliminating 1% of its workforce, or about 200 employees, Bloomberg reportsJPMorganChase is planning for its digital bank to operate in at least five European countries within the next five years, FT reportsJehoshaphat Research is short Gildan Activewear, saying the company "got addicted to a growth narrative, and like many addicts it has done unsavory things to feed its addiction."4. MOVERS:Open Lendinggained after announcing itfor $3.15 per share in cashRackspaceincreased afterannouncing an agreement for the phased deployment of an initial 30 MW footprintLionsgate Studiosrose in New York after Semafor reported Netflixis interested inSnapwas lower after launching itsBraskemfell in New York afterthe company was named as a defendant in a criminal case over the ground subsidence in five neighborhoods of Maceio, a Brazilian state in Alagoas5. EARNINGS/GUIDANCE:SailPointreiterated itsVince Holdingand provided guidance for Q2 and FY26Wiley, with EPS and revenue beating consensusDave & Buster's, with EPS missing consensusDomoINDEXES:The Dow rose 328.64, or 0.64%, to 51,999.67, the Nasdaq lost 307.60, or 1.15%, to 26,376.34, and the S&P 500 declined 42.94, or 0.57%, to 7,511.35.

The major averages were mixed near noon, with the Dow on track for its fourth straight day of gains while the Nasdaq was in decline. Elon Musk's SpaceX continues to build on its massive post-IPO rally, overtaking Amazon and Microsoft to become the fourth-biggest company in the world in terms of market capitalization. Meanwhile, investors are beginning to shift attention from geopolitical headlines toward tomorrow's Federal Reserve decision and commentary from new Fed Chair Kevin Warsh.In commodity news, oil prices continue to drop, slipping below $80 per barrel. Markets have been encouraged by reports surrounding a preliminary U.S.-Iran agreement that could ease concerns over the Strait of Hormuz and reduce energy-related inflation pressure.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXwith Cursor in a deal valued at $60BYum! Brandsentered into agreements tofor $2.7B in the aggregateHuntsmanand Olinin an all-stock merger of equalsRobinhoodannounced aand will incur $10M of chargesGeneral Motorsis considering partnering with Lockheed Martinon weapons parts,2. WALL STREET CALLS:Exxon Mobilto Buy from Neutral at BofAWolfePalantirto Peer Perform after resuming coverageKilroy Realtyto Buy at BofA on AI-driven leasing momentumBTIGFannie Maeand Freddie Macon conservatorship release uncertaintyDomoto Hold from Buy at TD Cowen3. AROUND THE WEB:Nvidiaraised $25B in high-grade bonds, up from a $20B target, amid strong $85B investor demand, marking its first debt issuance since 2021 and reflecting intense appetite for AI-linked credit as proceeds are expected to be used for refinancing and other corporate purposes, Bloomberg saysDozens of hotel owners are pressuring Marriottto share more revenue from its Bonvoy loyalty program, which is expected to generate nearly $1B in fee revenue this year, WSJ saysBlackRockwill be eliminating 1% of its workforce, or about 200 employees, Bloomberg reportsJPMorganChase is planning for its digital bank to operate in at least five European countries within the next five years, FT reportsJehoshaphat Research is short Gildan Activewear, saying the company "got addicted to a growth narrative, and like many addicts it has done unsavory things to feed its addiction."4. MOVERS:Open Lendinggains after announcing it will befor $3.15 per share in cashRackspaceincreases afterwith Rackspace Technology for the phased deployment of an initial 30 MW footprintLionsgate Studiosincreases in New York afterNetflixis interested in purchasing the companyEricssonlower after appointing Per Narvinger as CEO as Borje Ekholm has decided to step downBraskemfalls in New York afterthe company was named as a defendant in a criminal case over the ground subsidence in five neighborhoods of Maceio, a Brazilian state in Alagoas5. EARNINGS/GUIDANCE:Vince Holdingand provided guidance for Q2 and FY26Wiley, with EPS and revenue beating consensusDave & Buster's, with EPS missing consensusDomoRF Industries, with CEO Robert Dawson lauding the company "translating solid demand and disciplined execution into both revenue growth and meaningful margin expansion"INDEXES:Near midday, the Dow was up 0.80%, or 413.48, to 52,084.51, the Nasdaq was down 0.70%, or 185.82, to 26,498.12, and the S&P 500 was up 1.65%, or 122.83, to 7,554.29.

ANV Group Holdings and Open Lending Corporation entered into a definitive agreement whereby ANV will acquire all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer. The transaction price represents a premium of approximately 78% to Open Lending's 90-day volume weighted average price as of June 15, 2026, the last trading day prior to the announcement of the transaction. The offer provides compelling and immediate value for Open Lending stockholders. For ANV, the acquisition represents the addition of a market-leading, specialty underwriting business that fits well within its existing business segments and is consistent with ANV's approach to driving growth through strategic M&A. The addition of Open Lending is expected to strengthen and expand ANV's US footprint and reinforce credit as a core insurance product for the group. Under the terms of the merger agreement, ANV will commence an all-cash tender offer to acquire any and all outstanding shares of Open Lending common stock for $3.15 per share in cash. The purchase price represents a premium of approximately 78% to Open Lending's 90-day volume weighted average price as of June 15, 2026, the last trading day prior to the announcement of the transaction. Following the successful completion of the tender offer, ANV will acquire all remaining shares of Open Lending common stock not tendered in the tender offer through a second-step merger at the same price as in the tender offer. Upon the completion of the transaction, Open Lending will become a privately held company, and its common stock will no longer be listed on Nasdaq. The transaction has been unanimously approved by the Open Lending Board of Directors and is expected to close in the third quarter of 2026, subject to customary closing conditions, including the receipt of regulatory approvals and the tender of shares of Open Lending common stock representing a majority of the outstanding shares of Open Lending common stock.