Traders, who look to benefit from wide price swings, will watch Hims and Hers (HIMS) today. Markets circulated rumors that Novo Nordisk (NVO) would seek a partnership with Hims in selling obesity drugs.
HIMS stock gained 41% on Monday after the company confirmed the collaboration. After the rally, HIMS stock is -34.75% for the year. Novo shares added 3%.
Hims will offer its customers Novo’s Ozempic injections and Wegovy pills. After the deal, Novo will dismiss its lawsuit against Hims & Hers.
Watch out for companies that face serious cost increases after oil prices surged. United Parcel Service (UPS) peaked at $120 last month but closed below $100. Cruise ship stocks are also down from their recent rallies. Norwegian Cruise Line (NCLH) and Carnival (CCL) look like bargains today.
Automotive stocks might stage a rebound, thanks to oil prices backing down from the $100/bbl level. Ford Motor (F) indicated a bearish double top at $14.50 in 2026. F stock closed at $12.19.
Homebuilder stocks fell despite the lack of news. PulteGroup (PHM), D.R. Horton (DHI), Home Depot (HD), and Lowe’s (LOW) pulled back in recent weeks. Markets are pricing in weak demand for homes. Inflation, tariff refund uncertainties, and the war in Iran are negative headwinds for the homebuilder and home repair retail markets.
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