Stock Movers Gold Miners ETF Drops, First Solar Falls, Mobileye Jumps on Mentee Deal On this episode of Stock Movers:
Jan 7, 2026
Gold Miners ETF sees a significant drop as traders glance past geopolitical anxieties towards upcoming US economic data. First Solar's shares fall following a downgrade from Jefferies, raising concerns over tariffs and future projections. In exciting news, Mobileye's stock soars after announcing a $900 million acquisition of Mentee Robotics, aimed at enhancing their robotics capabilities. The hosts also share amusing insights on humanoid robots and their potential roles in the workforce.
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Gold Miners Slide Despite Geopolitical Noise
- Gold miners ETF GDX fell about 3% as traders looked past geopolitical tensions toward US economic data this week. Carol Massar notes precious metals had a huge run earlier, but miners slid amid uncertainty about Venezuela and other factors.
First Solar Hit By Tariff And Visibility Concerns
- First Solar plunged nearly 10% after Jefferies cut its rating to hold from buy and trimmed the price target. Analyst Julien Dumoulin-Smith cited tariff concerns, valuation pressure, and a cautious 2026 outlook with limited booking visibility.
Mobileye Expands Robotics With Mentee Acquisition
- Mobileye rose nearly 1% after agreeing to buy Israeli startup Mentee Robotics in a cash-and-stock deal valued at about $900 million. The acquisition aims to expand Mobileye's robotics capabilities and includes $612 million cash plus up to 26 million Class A shares.