J. Edward Moreno

1 week ago | sherwood.news | J. Edward Moreno

(Photo by ROMEO BOETZLE / AFP) (Photo by ROMEO BOETZLE/AFP via Getty Images) There's a possibility Tuesday's price jump is the result of the many traders short on Hims covering their positions. Hims & Hers rose more than 17% on Tuesday after whipsawing in after hours trading Monday evening as investors digested a nuanced earnings report. The results had a mix of good and bad news, giving bears and bulls something to point to.

1 week ago | sherwood.news | J. Edward Moreno

General views of Dublin port can be seen on April 12, 2025 (Charles McQuillan/Getty Images)Drugmakers said tax cuts are better than tariffs for encouraging domestic manufacturing. They’re moving production to the US anyway. The US imported $20 billion more pharmaceutical products in the first three months of 2025 than it did during the same period last year as drugmakers grapple with the unprecedented threat of import taxes on medicines made abroad.

1 week ago | sherwood.news | J. Edward Moreno

DoorDash fell more than 4% in premarket trading after it said it had struck a deal to buy hospitality tech company SevenRooms for $1.2 billion in cash, its second acquisition announcement of the morning. DoorDash also confirmed Tuesday that it had clinched a deal to buy Deliveroo, after its offer for the company was reported last week, underscoring its push toward international expansion.

1 week ago | sherwood.news | J. Edward Moreno

Hims & Hers slipped in after hours trading despite reporting earnings results for the first three months of the year that blew Wall Street expectations out of the park. It reported an earnings per share of $0.20, compared to the $0.12 analysts polled by FactSet were expecting. The company also reported $586 million in sales, up 111% year over year, compared to the $538.6 million analysts polled by FactSet were penciling in.

1 week ago | sherwood.news | J. Edward Moreno

Traders doubt the rally. But they don’t fear another crash. Investors don’t think the V-shaped recovery in financial markets is poised to become a full-blown check mark. But neither do they fear a brisk return to a market in the kind of free fall markets endured in the sessions following the announcement of reciprocal tariffs on April 2. That’s the message from the options market, whose cautious tone has contrasted sharply with the blaring risk-on signals sent from the stock market.