Cardinal’s $1.9B deal, Chipotle upgrade, BitMine eyes ethereum


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It’s time for Yahoo Finance’s market minute. US stocks hitting record highs after the July CPI report boosted bets on Wall Street for a September rate cut. Cardinal Health is falling after announcing it will buy platform Solaris Health for $1.9 billion. Solaris specializes in neurology services, a specialty Cardinal Health says is attractive for the company. Chipotle is rising after an upgrade to overweight from neutral at Piper Sandler. The analyst says shares could see 20% upside if sales at restaurants grow 3% for the next two years. The firm says a lot of the pessimism around Chipotle’s growth trajectory is already baked in. Bitmain emerging technologies is rising in tandem with Ethereum. The company announcing plans to sell up to another $20 billion worth of stock to increase its holdings of the cryptocurrency. Bitmain announcing it holds $4.96 billion of ether or a little over 1.15 million tokens. And that’s your Yahoo Finance market minute. For more on what’s trending on Yahoo Finance, scan the QR code below.



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