skyrocketed

Clinical-stage biotech Protagonist Therapeutics (PTGX 29.76%) was all the rage on the stock market Friday. The company’s share price closed a dizzying 29.8% higher on the day, thanks to intense takeover speculation. That leap was particularly notable considering it was quite a downbeat day for stocks overall, with the S&P 500 (^GSPC -2.71%) sliding by almost 3%.

Sale in the works?

That speculation was fired that morning by The Wall Street Journal, which reported healthcare giant Johnson & Johnson was in discussions to acquire Protagonist. Although it gleaned this from unidentified “people familiar with the matter,” the financial newspaper had few details to report about the apparent negotiations.

Image source: Getty Images.

Protagonist is well known to Johnson & Johnson, as the two companies collaborate on the development of a drug that combats immune disorders such as ulcerative colitis. If and when the medication is developed successfully and comes to market, Johnson & Johnson will hold its exclusive commercialization rights.

If the report is accurate, the would-be acquirer wouldn’t be snapping up Protagonist at a bargain. Thanks largely to positive results in clinical trials for several of its pipeline drugs, the biotech’s share price had risen in excess of 70% year to date — and that was before Friday’s monster pop.

Mum’s the word… for now

Neither Protagonist nor Johnson & Johnson has yet commented on the WSJ report, which is par for the course in early stages of such events. I should stress that this has to be considered speculation at this point, although I would advise investors of either company (or both) to keep a sharp eye on how the apparent deal might shape up.

USA Rare Earth (USAR 14.99%) posted huge gains in Thursday’s trading session. The deep-sea mining specialist’s share price gained 15%, even though the Dow Jones Industrial Average index declined 0.6% in the day’s trading. Meanwhile, the S&P 500 declined 0.3%, and the Nasdaq Composite declined 0.1%.

The key factors that pushed the broader market lower today were the same ones that powered big gains for USA Rare Earth stock. China plans to cut down on its export of rare-earth minerals to the U.S., but that could present a big opportunity for USA Rare Earth.

Image source: Getty Images.

Is USA Rare Earth stock a buy right now?

China is the world’s leading supplier of rare-earth minerals. According to some estimates, the country accounts for approximately 70% of global rare-earth mineral sourcing. If relations between the U.S. and China continue to worsen, the U.S. will likely have to increase its domestic sourcing of rare-earth minerals and trade in the category with aligned countries.

USA Rare Earth’s business is still in a pre-revenue state, and that makes the company a risky investment almost by definition. This characteristic makes it riskier than more well-established mining stocks. Conversely, the company expects to begin production at its Stillwater, Oklahoma, magnet facility next year and has other projects that could shift into production mode within the next two years.

USA Rare Earth continues to be a high-risk investment, and the stock is too growth-dependent to be a good fit for risk-averse investors. On the other hand, the company’s potential to play a leading role in supplying rare-earth minerals to the U.S. makes it a potentially explosive play.

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Shares of AppLovin (APP -3.57%) rose 50.1% in September, according to data from S&P Global Market Intelligence. The climb reflected growing optimism ahead of the company’s Oct. 1 product event, which unveiled a self-serve ads platform aimed at e-commerce and other non-gaming advertisers (the company already has a strong foothold in gaming).

Leading up to the event, a string of bullish analyst actions late in the month bolstered investor sentiment for shares of the advertising technology company. In addition to boosting their price targets for the stock, the analysts expressed optimism for the upcoming expansion of its platform.

Image source: Getty Images.

Expanding its addressable market

Late last month, Wall Street leaned in. Multiple analysts raised price targets and highlighted AppLovin as a top idea, citing strong demand for the company’s next wave of AI-powered ad tools and a broader push beyond gaming advertisers. The anticipation centered on “Axon Ads Manager,” a self-serve portal designed to reduce manual onboarding and open the platform to more e-commerce brands.

That anticipation culminated on Oct. 1, when AppLovin began rolling out Axon Ads Manager on a referral or invitation basis — a timely move aimed at capturing holiday-season budgets and making it easier for non-gaming marketers to buy on the platform. The company also emphasized Axon as the artificial intelligence (AI) engine powering its ad matching.

The setup followed solid summer fundamentals. In early August, AppLovin reported 77% year-over-year top-line growth in the second quarter. In addition, its net income margin expanded from 44% in the year-ago period to 65%, helping its bottom line soar 164% year over year to a substantial $820 million for the quarter.

Looking ahead

After September’s rally, AppLovin now trades at an extremely high valuation. Shares trade at a price-to-earnings multiple of 88 as of this writing. Clearly, there are high expectations for Axon’s adoption, e-commerce penetration, and continued margin expansion for the overall company.

From here, investors should watch three things. First, the Axon Ads Manager rollout pace — particularly how quickly referral-only access broadens and how many non-gaming advertisers start spending meaningfully. Second, investors should focus on fundamentals, looking for sustained revenue and free cash flow growth at high rates throughout the holiday quarter and beyond. Finally, keep an eye out for competitive response across ad tech — especially as rivals court the same e-commerce budgets with their own AI-assisted tools. If the uptake of the new Axon Ads Manager is slower than expected, or the macroeconomic environment prompts markets to tighten ad budgets, shares could underperform; the valuation multiple leaves little room for disappointment.

With investor sentiment around nuclear energy gathering momentum by the day, Oklo (OKLO 12.02%) has become unstoppable. The nuclear energy stock surged 11.9% today to all-time highs of $92.48 per share, as of 1 p.m. ET Monday.

Oklo stock has risen a jaw-dropping 330% in 2025 so far, as of this writing. Yes, you read that right, and today, you may thank President Donald Trump for sending the red-hot stock to a new all-time high.

Image source: Getty Images.

Nuclear power deals incoming

In a press statement released this morning, the U.K. government of revealed a flurry of deals that it will sign with the U.S. this week during Trump’s state visit to the nation. The U.K. government says it is the “golden age of nuclear power.”

The landmark partnership between the U.S. and the U.K. called the Atlantic Partnership for Advanced Nuclear Energy seeks to speed up the development and deployment of nuclear energy projects in both countries. The list of projects to be inked include multibillion-dollar deals, including plans to build up to 12 advanced modular reactors and develop data centers powered by small modular reactors (SMRs) in the U.K.

Although most of the deals are between private companies for now, the partnership will open the U.K. market to U.S. nuclear energy players, potentially paving the way for billions of dollars in investments between the two countries.

Investors believe Oklo could benefit, too, especially given its relationship with the U.S. Department of Energy (DOE).

Oklo stock deserves the attention, but…

Oklo is developing a small, modular fast-fission nuclear power plant called the Aurora powerhouse that can supply clean nuclear energy 24/7 and can even use recycled fuel. Oklo already has a site permit from the DOE to set up a commercial plant in Idaho, is in a DOE reactor pilot program, and has fuel supply agreements with the DOE, among other things.

Oklo is also focused on nuclear waste recycling. Just days ago, the company announced plans to build a $1.68 billion fuel recycling facility in Tennessee.

Oklo’s multifaceted relationship with the DOE and recent partnerships for data centers have sent the stock to the moon. The attention isn’t unwarranted, but with its market capitalization already crossing $13 billion, the valuations for a start-up that could still take years to commercialize its first product and generate any revenue look too stretched for comfort now.

It’s not often that a stock absolutely skyrockets right after it misses analysts’ expectations for both revenue and profits, but that was what Oracle (ORCL -4.50%) did following its recent fiscal 2026 first-quarter report. The market’s excitement about the stock appeared to stem from the company’s growing cloud computing business. The stock has now more than doubled so far in 2025.

Let’s take a closer look at Oracle’s earnings report and prospects to see whether or not it’s too late to buy the stock.

Cloud excitement

Sometimes there is a last-mover’s advantage, and in the cloud computing space, Oracle appears to have one. Before the artificial intelligence (AI) boom, the company’s cloud computing unit was new and pretty small. However, it’s now building it out quickly with all the latest technology. As a result, top AI model companies are flocking to its services, and even the big three cloud computing infrastructure providers — Amazon, Alphabet, and Microsoft — are partnering with it.

Oracle is particularly excited about its opportunity in the inference space. It said it has a big edge because its customers can connect all of their Oracle databases and cloud storage to “vectorize” their data. They can then apply the large language model (LLM) of their choice to answer questions using a combination of private enterprise data and publicly available information. It expects the AI inference market to become much bigger than the AI training market over time.

Image source: Getty Images.

Oracle’s cloud computing strength could be seen in its latest quarterly results. Its cloud infrastructure revenue surged 55% year over year to $3.3 billion. Meanwhile, within the segment, it said its multicloud database revenue from the big three cloud providers soared by 1,529% in the quarter. Meanwhile, it plans to build 37 new data centers for them in the coming years. What got investors really excited was the company’s forecast that its cloud infrastructure revenue would hit $144 billion by fiscal 2030, up from just $10.3 billion in fiscal 2025. It’s looking for cloud infrastructure revenue to increase by 77% to $18 billion this year, and then just continue to surge.

Below is a table of Oracle’s cloud infrastructure revenue projections.

Note: Oracle’s fiscal years end on May 31 of the calendar year.

Management said much of this revenue is already locked in: The company has $455 billion in remaining performance obligations (RPOs), with most of these contracts generally non-cancelable. That was a whopping 359% increase from a year ago when its RPOs were $99 billion, and up from just $138 billion a quarter ago. The huge increase was the result of Oracle signing four major contracts with three different customers in the quarter.

Oracle’s overall revenue increased 12% to $14.93 billion, which missed the $15.04 billion analyst consensus by less than 1%. Cloud revenue jumped 28% to $7.2 billion. Within the cloud segment, cloud infrastructure revenue soared by 55% to $3.3 billion while cloud application revenue rose 11% to $3.8 billion.

Adjusted earnings per share (EPS), meanwhile, rose 6% to $1.47. That came up just short of the $1.48 analyst consensus.

Looking ahead, Oracle maintained its forecast that its fiscal 2026 revenue will increase by 16% on a constant-currency basis. However, it upped its budget for capital expenditures to $35 billion from an earlier plan to spend just $25 billion. Management said most of those outlays will go toward things like graphics processing units (GPUs).

For its fiscal Q2, it guided for revenue to climb by between 14% and 16% year over year and for cloud revenue to soar by between 32% and 36%. It projected its adjusted EPS will rise by between 10% and 12% to a range of $1.61 to $1.65.

Is it too late to buy the stock?

Oracle’s projected cloud infrastructure growth over the next five years is nothing short of spectacular, and with contracts locked in, it has a clear line of sight into its future finances. However, it is worth noting that it will have to spend a lot of money to increase capacity so that it can meet these commitments, and it isn’t in as good financial shape as the big three cloud infrastructure providers.

Oracle currently has more than $80 billion in debt on its books, and it didn’t generate any free cash flow in the past year or in Q1, as it has been pouring all of its operating cash flow into expanding its data center capacity. Its cash flow from operations was $20.8 billion last year and $8.1 billion in Q1, so it likely will have to go further into debt over the next five years to build more data centers. That’s a sharp contrast to the financial situations of the big three cloud computing providers.

From a valuation perspective, Oracle now trades at a forward P/E of about 50 based on analysts’ estimates for its fiscal 2026, so it’s not cheap.

Given Oracle’s valuation, the state of its balance sheet, and the volume of capital expenditures in its future, I wouldn’t chase the stock after its huge surge.

Anti-Muslim incidents in person have increased by 150 percent – and by 250 percent online — according to an independent report.

Australian Prime Minister Anthony Albanese has said his government will “carefully consider” the recommendations of an independent report which found that anti-Muslim incidents in the country have “skyrocketed” since the start of Israel’s war on Gaza.

During a media briefing at the Commonwealth Parliament Offices in Sydney on Friday, Albanese said targeting Australians based on their religious beliefs was an attack on the country’s core values.

“Australians should be able to feel safe at home in any community … we must stamp out the hate, fear and prejudice that drives Islamophobia and division in our society,” he said.

Aftab Malik, who has been serving as the government’s special envoy to combat Islamophobia since last October, was appointed to the three-year role to recommend steps to prevent anti-Muslim hatred. The appointment came as Australia had been experiencing a surge in anti-Semitic and Islamophobic incidents since the start of Israel’s genocidal war on Gaza following the Hamas-led October 7, 2023, attacks on southern Israel.

The independent report, released on Friday and Malik’s first since assuming the position, said the normalisation of Islamophobia has become so widespread in Australia that many incidents are not even getting reported.

“The reality is that Islamophobia in Australia has been persistent, at times ignored and other times denied, but never fully addressed,” said Malik, appearing alongside Albanese.

“We have seen public abuse, graffiti … we have seen Muslim women and children targeted, not for what they have done, but for who they are and what they wear.”

The 60-page report’s 54 recommendations to the government include a review of counterterrorism laws and procedures to investigate potential discrimination.

Malik also recommended a wide-ranging inquiry into Islamophobia to investigate its main drivers and potential discrimination in government policies.

Islamophobia had intensified since the al-Qaeda attacks on the United States on September 11, 2001 and had become entrenched, said Malik.

Islamophobic incidents in person had skyrocketed by 150 percent — and by 250 percent online — since the start of Israel’s war on Gaza, Malik said.

The Australian government has acknowledged steep rises in both Islamophobic and anti-Semitic incidents in Australia.

Jillian Segal was appointed envoy to combat anti-Semitism in July 2024.

Segal recommended, in her first report two months ago, that Australian universities lose government funding unless they address attacks on Jewish students, and that potential migrants be screened for political affiliations.

According to the 2021 Australian Census, 3.2 percent of the Australian population is Muslim.

Islamophobia has also risen across Europe, fuelled by political parties touting a populist anti-immigration stance.

After breaking out in July, Opendoor Technologies (OPEN 0.98%) soared again in August, climbing on the thesis that the business would turn around on new signs that the Fed would cut interest rates. Investors also reacted positively to news that CEO Carrie Wheeler would be stepping down, showing hopes that a new leader could help drive a turnaround.

That general momentum was able to overcome a weak second-quarter earnings report, and the stock is now up nearly 1,000% since it bottomed out in early July.

According to data from S&P Global Market Intelligence, the stock jumped 142% over the course of the month. As the chart shows, it was a volatile month for Opendoor, but the upward movements clearly outnumbered the pullbacks.

OPEN data by YCharts

Retail investors are still in

Toward the end of July, there were signs that the rally in the stock was fading after trading volume had soared earlier in a meme stock rally that seemed to begin with an argument on social media platforms like X and Reddit. Hedge fund manager Eric Jackson argued that the stock could be the next Carvana, since Opendoor was essentially left for dead as investors gave up on the home flipper’s business model due to a weak housing market and disappointing financial results.

Opendoor stock got a second wind in August after a subpar unemployment report kicked off August, sending the stock higher on hopes that it would lead the Fed to cut interest rates. The stock then pulled back after its second-quarter earnings report showed the business is still struggling, and its guidance called for revenue to fall on a sequential basis in the third quarter. It began a new rally in the second week of the month as an inflation report added to hopes that the Fed would cut interest rates, and Wheeler announced her resignation.

Finally, Opendoor stock jumped nearly 40% on Aug. 22 after Fed Chair Jerome Powell signaled in his Jackson Hole address that it would be appropriate to cut interest rates in September. The stock pulled back over the rest of August, but jumped again to start September.

Image source: Getty Images.

Can Opendoor keep gaining?

It’s been a remarkable rally for a stock that has now topped $5 a share, just two months after it was trading around $0.50 a share. 

Opendoor is still a small company at a market cap of $3.8 billion, but at some point, the business will have to show real improvement. Still, for now, if interest rates do come down and the housing market starts to show signs of life, the stock is likely to move higher. 

Shares of MongoDB (MDB 34.70%) charged sharply higher on Wednesday, surging as much as 34.3%. As of 11:47 a.m. ET, the stock is still up 34%.

The catalyst that drove the database-as-a-service provider higher was the company’s financial results, which were far better than even the most bullish forecast.

Image source: Getty Images.

Blowing past expectations

For its fiscal 2026 second quarter (ended Jul. 31), MongoDB delivered revenue of $591.4 million, up 24% year over year, signaling that its strategy to address the booming demand for artificial intelligence (AI) is paying off. As a result, the company delivered adjusted earnings per share (EPS) of $1.00, compared to a loss per share of $0.70 in the prior-year quarter.

The results blew past management’s previous guidance and caught Wall Street off guard. Analysts’ consensus estimates were calling for revenue of $554 million and adjusted EPS of $0.67, so MongoDB sailed past even the loftiest expectations.

Further fueling investor enthusiasm was the company’s robust customer acquisitions. MongoDB added 2,800 net new customers, with the total growing to 58,300, up 18% year over year.

The company also continues to generate plenty of cash, with operating cash flow of $72.1 million and free cash flow of $69.9 million.

The AI wildcard

Over the past couple of years, MongoDB has been focused on providing its users with the tools they need to use AI. CEO Dev Ittycheria noted that while AI is not yet a “material driver” of the company’s growth, he noted that “enterprise uptake of AI is still early.” He went on to say that the “real enduring value” will come from custom AI solutions that will transform their businesses, and that MongoDB provides the tools that will help developers prosper.

Management gave investors other reasons to celebrate, as the company raised its full-year forecast for the second consecutive quarter. MongoDB is now guiding for fiscal 2026 revenue of $2.35 billion, or roughly 17% growth. The company also significantly increased its profit outlook to $3.68, up from $3.03 at the midpoint of its guidance. This shows the company is focusing on expanding its profit margins.

MongoDB stock isn’t cheap, selling for 11 times sales. However, that’s roughly half its average multiple of 20 since the company’s IPO in late 2017.