Stock Movers: Oklo Surges on Meta Deal, Mortgage Stocks Rally, Rio Tinto Eyes Glencore Merger

Meta's Nuclear Power Deals Boost Oklo and Vistra

• 💡 Meta Platforms has agreed to electricity deals to power its data centers, becoming a major buyer of nuclear power among tech giants.
• 🚀 Oklo (OKLO) shares surged up to 18%, and Vistra (VST) rose as much as 16% on the news.
• ⚡ The agreements will involve purchasing electricity from existing Vistra plants and supporting new small reactors planned by Oklo and Terrap Power over the next decade.
• 💰 While contract values weren't disclosed, experts suggest these large agreements could represent billions of dollars in total revenue for electricity generators.
• 🌱 Meta highlighted that the deals address concerns about existing nuclear plants and underscore the need for early investment in new nuclear power, aligning with their commitment to low-carbon energy.

Trump's Mortgage Bond Directive Impacts Housing Stocks

• 📈 LoanDepot (LDI) shares jumped 16%, and Open Door Technologies (OPEN) rose about 10% following a directive from President Trump.
• 🏠 Trump announced he is directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds.
• 📉 The stated goal is to drive down mortgage rates and monthly payments, making homeownership more affordable.
• 🏦 This directive leverages the $200 billion in cash amassed by Fannie and Freddie during Trump's first term.

Rio Tinto Explores Glencore Merger and Coal Business

• 🤝 Rio Tinto is reportedly open to retaining Glencore's coal business if merger talks between the two mining giants are successful.
• 🌍 This potential combination could create the world's biggest mining company, with a combined market value exceeding $200 billion.
• ⛏️ The companies previously attempted a similar deal nearly a year ago, but talks fell through; discussions appear to be back on.
• 💰 An all-share takeover could create a new mining giant rivaling BHP and expand Rio Tinto's copper production, a commodity currently trading at record highs.