Trump reimposed the Hormuz blockade, and oil had its best day in six years. SK Hynix’s debut honeymoon ended in one session, and AI stocks are wobbling ahead of bank earnings starting tomorrow.

Today’s edition covers Twin Vee’s merger, a biotech that raised $340 million for colon cancer, and every name that moved.

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You’re watching two former growth favorites from the outside, where both charts remain far below their highs. But Elite Trade Club Insider readers are seeing a much cleaner split beneath the surface: one leadership team sold shares mainly to cover taxes, while a director-linked investor committed more than $7.2 million of fresh capital to a cybersecurity name still down sharply from last year.

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Trump reimposed the naval blockade on Iranian shipping through Hormuz and added a 20% cargo levy as a service charge.

Oil had its best single session since May 2020. SK Hynix's Korean shares set a record on Monday, and not the good kind — the biggest single-day drop in company history, with Samsung falling 11% alongside it and Micron, Marvell, Intel, and ARM all off 4% or more in the U.S.

Gold got uncomfortable near $4,000, and silver slid to its lowest close since December. Fed Governor Waller was helpful enough to specify exactly what it would take for him to back a hike: a hot CPI reading this week. July hike odds doubled in one afternoon.

Bank earnings start tomorrow with JPMorgan and Goldman Sachs leading five major institutions, while Warsh testifies in Congress and the UAE's decision to go solo post-OPEC keeps adding oil to the supply fire.

Williams secured a $5.34 billion infrastructure investment from a Blackstone-led group to fund five major power projects. Blackstone, Apollo, and KKR-managed accounts will receive a 49% noncontrolling stake.

Williams will retain 51% ownership and full operational control. The commitment includes $4.4 billion toward expected construction costs, helping the company expand its power network while reducing its reliance on corporate debt.

Ferguson agreed to acquire FloWorks in a $1.6 billion all-cash transaction, expanding its business in industrial pipelines and flow-control equipment. FloWorks generated roughly $1 billion in revenue during 2025.

The acquisition adds exposure to energy, manufacturing, data centers, and semiconductors. Ferguson expects about $45 million in synergies, with the transaction scheduled to close in the third quarter, subject to regulatory approval.

First Hawaiian agreed to buy California-based TriCo Bancshares in a $2 billion all-stock transaction, extending the Hawaii-based lender’s footprint into Northern and Central California. TriCo shareholders will receive 2.095 First Hawaiian shares for each share held.

The combined bank will hold about $34 billion in assets and rank as the sixth-largest bank headquartered in the western U.S. by deposits. The transaction is expected to close by the end of 2026.

Bank of America hired nine senior investment bankers across nine U.S. cities, expanding its regional coverage of middle-market companies. The appointments span Austin, Boston, Charlotte, Chicago, Detroit, Minneapolis, New York, San Francisco, and West Palm Beach.

The hires add to a team of more than 200 bankers across 26 cities. Several recruits joined from firms including Lazard, JPMorgan, Rothschild, and BMO Capital Markets, strengthening the bank’s advisory reach across major U.S. regions.

The FAA closed its review of SpaceX’s May 22 Starship booster failure after the company identified four corrective actions. The decision cleared the way for another test flight from Texas as soon as this week.

The booster lost control after separation, five engines failed to ignite, and it crashed into the Gulf of Mexico. SpaceX attributed the failure to heat damage during ascent and incorrect engine alarm system settings.

California and 11 other states sued to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging it would weaken competition in film distribution and cable television.

The states said the combined company would control 27% of the U.S. film distribution market, 30% of blockbuster film distribution, and 27% of basic cable channels. A ruling could take months and add hundreds of millions of dollars in delay costs.

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*This free resource is being sent by Zacks. We identify investment resources you may choose to use in making your own decisions. Use of this resource is subject to the Zacks Terms of Service.

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Intel said it would invest €5 billion, or $5.71 billion, to expand its manufacturing campus in Leixlip, Ireland. The program, which began earlier this year, will use existing cleanroom capacity to increase production and support additional research and development.

The project will raise output of Xeon 6 and next-generation Xeon processors built with Intel 3 technology. Intel said the expansion would also strengthen Europe’s semiconductor supply chain.

TSMC reported record June revenue of NT$442.68 billion, or $13.8 billion, up 68% from a year earlier as AI-related chip demand continued to support sales. June lifted second-quarter revenue to NT$1.27 trillion, above company guidance but slightly below analysts’ NT$1.28 trillion estimate.

The record did not lift the stock, with TSMC’s U.S.-listed shares falling 1.4% in early trading. The company was scheduled to report second-quarter earnings on Thursday.

MGM Resorts traded higher after reports that Barry Diller’s People Inc. had entered takeover discussions and valued the casino operator at about $12.4 billion. People Inc., which already owned roughly one-quarter of MGM, had offered $48.30 a share in early June.

MGM formed a special board committee and hired advisers to review the proposal. People Inc. argued that MGM’s assets were not reaching their full potential in public markets, though the talks were not guaranteed to produce a deal.

Netflix entered earnings week as one of Evercore ISI’s preferred underperforming stocks, with the firm favoring companies that combined solid fundamentals, elevated short interest, and a record of beating expectations.

The call placed Netflix alongside names including Nvidia, Alphabet, Booking Holdings, and Moody’s. The setup gave the streaming company a clear earnings catalyst after a weak stretch for its shares, while broader second-quarter profit expectations remained strong across the S&P 500.

Twin Vee PowerCats [VEEE] $24.91 (+416.75%)

Twin Vee announced a definitive merger with a subsidiary of USFM Corporation, simultaneously privatizing its recreational marine business into a CVR Trust that will pay shareholders future distributions.

The public company will combine with USFM and move to NYSE American, while Twin Vee and Bahama Boat Works continue operating unchanged. Deal expected to close Q3 2026. Boards of both companies approved. Stock up more than 400%.

Q32 Bio [QTTB] $21.38 (+90.72%)

Q32 Bio released positive 36-week topline results from Part B of its SIGNAL-AA Phase 2a clinical trial, a key readout for the company’s complement-pathway programs in autoimmune skin disease.

Strong Buy rated at a $265 million market cap. Clean Phase 2 data on the right indication at the right market cap gets rewarded fast, and today was fast.

Agenus [AGEN] $6.12 (+82.69%)

Agenus raised up to $340 million in an oversubscribed private placement to fund BOT+BAL — its botensilimab plus balstilimab combination in microsatellite-stable colon cancer.

The $85 million upfront was joined by $255 million in warrants, with Commodore Capital, RA Capital, TCGX, Invus, and Ligand Pharmaceuticals all participating.

An oversubscribed raise from institutional investors who know the oncology space is the strongest signal a clinical-stage company can send.

Factorial Energy [FAC] $6.00 (-35.62%)

Factorial Energy makes solid-state batteries for EVs and debuted publicly in late June at much higher levels.

Today’s 36% drop reflects two things at once: a risk-off session pulling speculative names lower and a recalibration of the EV/energy thesis in a market that just watched oil spike 9.4%.

The business case for Factorial’s batteries is unchanged. The trading environment just got harder. Strong Buy rated at $634 million.

Julong Holding [JLHL] $8.29 (-29.33%)

Julong’s third triple-digit-percentage gain cycle has now produced its third sharp reversal. The Chinese commercial services company has been a one-stop momentum trade all summer — sprint up, crash down, repeat.

Today, the $173 million market cap is in the crash phase of the cycle. No fundamental catalyst on either side. Mechanics all the way down.

Apollomics [APLM] $14.21 (-25.01%)

Apollomics is a clinical-stage oncology company with a targeted cancer therapy pipeline, Strong Buy rated.

The stock had been building momentum on sector rotation into healthcare names and is now giving back some of that run in a session that hit everything without a clear near-term catalyst.

The $31.84 million market cap makes the reversal look more dramatic than the business itself would suggest.

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That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!

Thanks for reading. I'll see you at the next open! 

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— Adam G.
Elite Trade Club

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