Welcome to Markets Desk, here's what's moving the needle this afternoon.
E.l.f. Beauty is turning heads after a strong earnings report driven by its skincare acquisitions Rhode and Naturium. Revenue growth came in solid, and the question traders are asking now is whether the brand's momentum justifies a fresh look at the stock after a volatile stretch for consumer discretionary names.
Shifting to the tech space, Poet Technologies saw its shares plummet this week following the announcement of a four hundred million dollar new stock sale. Dilution at that scale rattles investor confidence fast, particularly in a growth name where sentiment is already doing heavy lifting. The market's message was swift and unambiguous.
And on the Social Security front, early projections are pointing toward a three point nine percent cost of living adjustment for two thousand twenty seven. That's a meaningful number for retirees, but the tax implications deserve equal attention. As benefits rise, more recipients could find themselves crossing thresholds that make a larger portion of those payments federally taxable.
That's the tape. Markets Desk, signing off the floor.
