OpenText stock falls after naming Ayman Antoun as next CEO

Investing.com -- Carvana (NYSE:CVNA) stock rose 6% Thursday, rebounding after a sharp 14% selloff the previous day that was triggered by a short report from Gotham City Research, as Wall Street analysts came to the company’s defense.

JPMorgan analyst Rajat Gupta disputed key allegations in the short report, noting it contained "an incorrect representation of service income" that overstated certain gaps by "~20x." Gupta pointed out that the report mixed cumulative metrics with annual metrics, leading to "significant misrepresentation of facts."

"We were surprised by the magnitude of CVNA’s share price reaction yesterday, particularly in context of the fairly straightforward math around typical ABS deal economic," Gupta wrote.

The analyst maintained an Overweight rating on Carvana, suggesting the stock’s vulnerability to such headlines indicates "ample re-rating opportunity over time as unconfounded concerns about the business get debunked."

William Blair analyst Sharon Zackfia expressed confidence in Carvana’s consumer appeal, noting it’s already the second-largest seller of used cars in the U.S. She projected the company remains on track to meet its goal of selling 3 million used cars in the nearer end of its 4-to-9-year target, implying potential unit sales growth of up to 40%.

BTIG analyst Marvin Fong, who maintains a Buy rating with a $535 price target, disputed several allegations in the short report. "We disagree with the DriveTime leverage calculation... the servicing fee calculation... the write-down logic... [and] with using CFO as a P&L measure," Fong wrote.

The short report had focused on Carvana’s relationship with DriveTime, a company owned by the father of Carvana’s CEO.

Investing.com -- JPMorgan initiated coverage of the North American gold sector with an Overweight rating on Barrick Mining and a Neutral rating on Agnico Eagle Mines, citing a bullish outlook for gold but diverging valuation and growth profiles between the two miners.

Gold’s rally has been driven by strong central bank and ETF buying, inelastic mine supply, and uncertainty around US policy.

Gold prices have risen sharply over the past year, while gold mining stocks have more than doubled, with Barrick outperforming Agnico over that period.

Agnico and Barrick are now closely matched as the world’s second- and third-largest gold miners, but JPM says they offer contrasting investment cases.

JPM sees Agnico as the premier operator in the sector, supported by operational execution, a favorable cost structure, and a lower-risk regional footprint.

Though much of Agnico’s next phase of growth lies in the 2030s and that its current valuation looks full.

Whereas Barrick offers a large reserve base and nearer-term organic growth opportunities, though JPMorgan flagged a mixed execution history, an ongoing management transition, and exposure to higher-risk jurisdictions.

Barrick shares trade at a deeper discount to global peers than they have historically, creating scope for upside.

Both companies will generate EBITDA margins of about 75% or higher in 2026 and 2027.

While capital spending is set to rise, the free cash flow will comfortably fund investment needs and support higher shareholder returns while preserving net cash positions.

JPMorgan set a $68 price target for Barrick, based on a blended valuation approach, noting the stock trades at a discount to peers that suggests challenges in Mali are more than reflected in the share price.

Agnico’s price target was set at $248, with JPMorgan pointing to its premium valuation relative to peers as a reason to wait for a more attractive entry point.

Investing.com -- PSQ Holdings Inc (NYSE:PSQH) stock fell 3.9% on Thursday after the company announced a leadership change as part of its strategic shift toward fintech operations.

Dusty Wunderlich has been appointed as the new CEO, effective immediately, replacing founder Michael Seifert who has stepped down from the role and resigned from the company’s board of directors. Wunderlich, who was recently appointed as Chairman of the Board and will retain that position, previously served as the company’s Chief Strategy Officer.

The management change represents "a critical step in the Company’s transition toward credit and payments, with a focus on cash flow efficiency," according to Blake Masters, Lead Independent Director. Wunderlich was CEO of Credova until PublicSquare acquired the company in March 2024.

"The board has been diligent in making strategic decisions as part of the company’s decisive refocus on fintech. This is another step in that direction and sets the company up for stability and growth in our core business," Wunderlich said in a statement.

Seifert, who founded PublicSquare, expressed confidence in the new leadership, stating that "Dusty’s significant fintech experience enables him to deliver growth and execution for stockholders." The transition is effective January 27, 2026.

The company, which is positioning itself as a fintech leader, is prioritizing its credit and payments businesses as it works toward long-term profitability.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- U.S. stocks traded in a mixed fashion Thursday as investors waded through a barrage of earnings reports, including from some heavyweight technology companies.

At 09:35 ET (14:35 GMT), the Dow Jones Industrial Average traded 190 points, or 0.4%, higher, while the S&P 500 index traded largely flat and the NASDAQ Composite Futures dropped 100 points, or 0.4%.

The benchmark S&P 500 index briefly broke through the 7,000 threshold for the first time on Wednesday.  

Meta soars, Microsoft slumps after earnings

The ongoing quarterly earnings season is now in full flow, and numbers from the mega tech sector are to the fore.

Meta Platforms (NASDAQ:META) stock soared after the Facebook-owner forecast first-quarter revenue above market expectations, pointing to resilient advertising demand and growing returns from its investments in artificial intelligence. 

The Instagram parent also said its capital expenditures would jump to as much as $135 billion this year, well above Wall Street expectations and almost doubling 2025’s total, as big spending on artificial intelligence remained a key theme of earnings.  

Microsoft Corporation (NASDAQ:MSFT) shares, on the other hand, fell sharply. The group said it too had spent more on its AI build-out than many had anticipated, but worries still swirled around slightly lower growth at its key Azure cloud-computing division versus the prior quarter. 

Elsewhere, Tesla (NASDAQ:TSLA) stock gained  after the electric-vehicle maker posted fourth-quarter results that topped expectations, while also signaling a pivot toward artificial intelligence as its core automotive business faces sustained pressure.

International Business Machines (NYSE:IBM) stock rose after Big Blue beat estimates for fourth-quarter revenue and profit, as the rapid adoption of AI boosts demand for its software services, ranging from managing vast amounts of data to automating IT processes.

Caterpillar (NYSE:CAT) stock rose after the heavy equipment manufacturer reported a surge in fourth-quarter revenue that exceeded Wall Street expectations, as the boom in enthusiasm around artificial intelligence fueled demand for the group’s energy equipment.

Royal Caribbean Cruises Ltd (NYSE:RCL) stock climbed strongly after the cruise operator reported fourth-quarter earnings that met expectations and issued optimistic 2026 guidance, signaling continued strong demand for cruise vacations.

Looking ahead, traders are eyeing upcoming earnings from Apple (NASDAQ:AAPL) after the close, with the iPhone maker’s results likely to be studied carefully for signs of input cost pressures.

Fed holds rates steady, providing stability

The Federal Reserve held interest rates steady at 3.50%–3.75% on Wednesday, marking the first pause after three consecutive cuts.

In its policy statement, the Fed cited still-elevated inflation alongside solid economic growth and a stabilizing labor market, and offered little in the way of guidance on the timing of future cuts.

"The Fed pretty much did what everyone expected, and honestly, that’s a good thing," said Gabriel Shahin, Founder & Principal at Falcon Wealth. "When Powell doesn’t surprise the market, it takes some of the anxiety off the table, even if rates are staying higher for longer. The key takeaway is that the Fed is still watching the data, not the headlines, and that means we should expect some bumps along the way."

Gold, crude rise strongly

Gold prices continued to vault higher, soaring to a record high near $5,600 an ounce, extending recent gains following a report that Trump was considering a new strike on Iran.

Silver prices also hit an all-time peak of over $121/oz, as the white metal also benefited from outsized demand for safe havens.

A torrid metal price rally showed few signs of slowing amid heightened global geopolitical tensions, which ramped up demand for physical assets and safe havens. A weak dollar and uncertainty over U.S. policy also provided support, with copper prices also hitting a record high on Thursday.

Oil prices also climbed strongly, with Brent trading above $70/bbl, on increasing concerns of a disruption of supply from Iran, if the key Middle Eastern producer is targeted by the U.S. for military action. 

Brent futures gained 4.2% to $70.24 a barrel and U.S. West Texas Intermediate crude futures rose 4.7% to $66.19 a barrel.

Both contracts have climbed over 10% this week and are at their highest since June last year.

Ayushman Ojha contributed to this article

Investing.com -- Wolfspeed Inc (NYSE:WOLF) stock rose 3% in Thursday premarket trading after the company unveiled a new silicon carbide package designed to meet the cooling demands of AI datacenters.

The company introduced its TOLT (TO-Leaded, Top-Side Cooled) package portfolio built on its Gen 4 MOSFET technology. The new solution is engineered to release heat from the top side of the package, making cooling more efficient and enabling smaller, more reliable power systems for AI datacenter applications.

"AI is pushing datacenter OEMs to be incredibly strategic about the size and total efficiency of their power systems," said Guy Moxey, vice president of Wolfspeed’s Industrial & Energy business. "Our TOLT product family offers a straightforward path to delivering higher-density, thermally optimized power systems capable of sustaining the demands of AI datacenters, and Wolfspeed’s Gen 4 technology helps these systems run cooler, more efficiently, and more reliably."

The TOLT package is the second of three planned top-side cooled package families from Wolfspeed, joining the previously released U2 portfolio. The company indicated that details on the third top-side cooled portfolio will be shared in the second half of 2026.

Wolfspeed emphasized that its U.S.-based silicon carbide wafer manufacturing provides customers with supply chain resilience and performance consistency at scale, which is particularly important as global markets prioritize supply chain security for critical technologies.

The 650V TOLT products are now available in various RDSON options through the company’s website.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Here’s a summary of the most significant insider transactions reported on Wednesday, January 28, 2026.

Top Buys

Berkley W R CORP (NYSE:WRB) saw substantial insider buying from Mitsui Sumitomo Insurance CO LTD, a ten-percent owner. The company reported purchasing shares of common stock in multiple transactions totaling $69,297,689 between January 26 and January 28, 2026, with prices ranging from $65.86 to $69.04 per share. These purchases were executed under a prearranged Rule 10b5-1 purchase plan that was adopted on October 3, 2025.

Gabelli Dividend & Income Trust (NYSE:GDV) reported Director Mario J. Gabelli, through GGCP, Inc., purchased 5,500 shares on January 27, 2026. The shares were bought at a price of $28.72, amounting to a total transaction value of $157,945. Following the transaction, Mr. Gabelli indirectly owns 20,500 shares through GGCP, Inc., directly owns 145,812 shares, and indirectly owns 626,000 shares through Associated Capital Group, Inc. The trust offers a substantial 6.28% dividend yield and has maintained dividend payments for 23 consecutive years, with a P/E ratio of 7.27 and a market capitalization of $2.53 billion.

Live Oak Bancshares (NASDAQ:LOB) Chief Risk Officer Ewa Maria Stasiowska recently purchased shares of the company’s stock for a total value of $99,999. According to SEC filings, Stasiowska acquired 2,595.231 shares of Voting Common Stock on January 26, 2026, at prices ranging from $38.53 to $38.54 per share. This insider buying comes at a time when the regional bank, valued at $1.69 billion, has seen a strong 16.11% return over the past six months and is reportedly trading below its Fair Value with a PEG ratio of just 0.54.

Amerant Bancorp Inc. (NASDAQ:AMTB) Director Odilon Almeida purchased 4,816 shares of the company’s Class A Common Stock on January 27, 2026. The purchases were executed at a weighted average price of $20.99 per share, resulting in a total transaction value of $101,083. The prices paid ranged from $20.57 to $21.00 per share. Following the transaction, Almeida directly owns 5,316 shares of Amerant Bancorp Inc.

Vivani Medical, Inc. (NASDAQ:VANI) Director Gregg Williams, a ten percent owner, acquired 1,351,351 shares of common stock at a price of $1.48 on January 27, 2026. The total value of the purchase was $1,999,999. Following the transaction, Williams directly owns 4,799,200 shares and indirectly owns 27,915,460 shares. This significant insider purchase comes despite Vivani Medical facing financial challenges with a weak health score, a concerning current ratio of 0.61, and negative earnings of $0.44 per share. The purchase comes as VANI shares have fallen 8.6% over the past week, though the stock is still up nearly 17% year-over-year.

Top Sells

CoreWeave, Inc. (None:CRWV) Chief Development Officer Brannin McBee sold a total of 24,009 shares of Class A Common Stock on January 26, 2026. The sales were executed at weighted average prices ranging from $98.58 to $107.99, resulting in a total transaction value of $2.58 million. The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 2, 2025. The transaction comes as CoreWeave’s stock has delivered a remarkable 165% return over the past year, with a current market capitalization of approximately $56.7 billion.

Callaway Golf Co (NYSE:MODG) saw PEP TG Investments GP LLC, a ten percent owner, sell 10,000,000 shares of common stock on January 27, 2026. The shares were sold at a price of $14.70, resulting in a total transaction value of $147,000,000. Following the transaction, PEP TG Investments LP directly holds 11,175,226 shares of Callaway Golf Co. The company has recently announced its latest earnings and revenue results, received analyst upgrades, and changed its corporate name from Topgolf Callaway Brands Corp. back to Callaway Golf Company.

Johnson & Johnson (NYSE:JNJ) CEO and Chairman of the Board Joaquin Duato sold a total of $22.1 million worth of company stock on January 26, 2026. According to SEC filings, Duato sold 51,218 shares at a weighted average price of $220.99, in multiple trades at prices ranging from $220.39 to $221.38, and an additional 48,782 shares at a weighted average price of $221.48, in multiple trades at prices ranging from $221.38 to $221.64.

United Parcel Service (NYSE:UPS) Chief Legal & Compliance Officer Norman M. Brothers Jr. sold 24,626 shares of Class B Common Stock on January 28, 2026, for approximately $2.65 million. The sales occurred in multiple transactions with prices ranging from $106.04 to $107.68.

Yelp (NASDAQ:YELP) Chief Executive Officer Jeremy Stoppelman sold a total of 59,000 shares of common stock for approximately $2.5 million between January 26 and January 28. The sales occurred at prices ranging from $27.35 to $28.46. Stoppelman also exercised options to acquire 90,000 shares of Yelp common stock at a price of $20.47, for a total value of $1,842,300.

Tracking insider transactions provides investors with valuable insights into how company executives and major shareholders view their own stock’s prospects. When insiders buy shares with their own money, it often signals confidence in the company’s future performance. Conversely, insider selling might indicate concerns about valuation or future prospects, though it can also simply reflect personal financial planning. While insider activity alone shouldn’t drive investment decisions, it represents one important piece of the puzzle that savvy investors consider alongside fundamental analysis, industry trends, and broader market conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.