It’s been just two weeks since the SpaceX (NASDAQ: SPCX) IPO, and it’s already starting to feel like back-page news. This week, the market had a long “memory” for stocks. The memory backlog is a real bottleneck in the artificial intelligence (AI) trade. Adding volatility to the tech trade was the n....
Good MorningU.S. stocks lost momentum Friday, with the Dow, S&P 500, and Nasdaq lower late in the session as technology shares extended a recent slide. Investors continued rotating away from AI momentum names and chipmakers, with NVIDIA entering correction territory and ON Semiconductor falling after announcing a $7 billion all-stock deal for Synaptics. Software and cloud names drew more interest as AI spending expectations broadened beyond semiconductors.
Policy headlines added to the cautious tone. President Trump threatened 100% tariffs on countries enforcing digital services taxes on U.S. companies, while markets also monitored his claim that Iran violated a ceasefire agreement. OpenAI reportedly weighed pushing back its IPO to 2027 and limited access to its new GPT-5.6 models at the U.S. government’s request, adding fresh questions around the AI trade.
Banks were a relative bright spot after passing the Federal Reserve’s 2026 stress tests, with JPMorgan, Goldman Sachs, Wells Fargo, and PNC among firms moving to raise dividends. Elsewhere, Verizon won nearly $3.2 billion in spectrum licenses, UPS announced a $48 million cold-chain investment tied to GLP-1 drug demand, and space stocks rallied, including Virgin Galactic, AST SpaceMobile, and Rocket Lab. Featured: Small biotech stocks are climbing 256% and 453% in hours (Ad) 
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It’s been just two weeks since the SpaceX (NASDAQ: SPCX) IPO, and it’s already starting to feel like back-page news. This week, the market had a long “memory” for stocks. The memory backlog is a real bottleneck in the artificial intelligence (AI) trade. Adding volatility to the tech trade was the n... Read the Full Story |
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From Our Partners |
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Goldman Sachs and Morgan Stanley are now predicting what could be the worst news for the U.S. stock market in 50 years - and it has nothing to do with a single stock.
According to multiple Wall Street banks, a coming crisis could keep your portfolio in the red for 10 years or longer. Keith Kaplan, CEO of TradeSmith, is sharing what you can do to protect your wealth before it hits. |
| Learn how to prepare your portfolio for what's coming next |
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Aerospace |
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Rocket Lab (NASDAQ: RKLB) has had a brutal few weeks. After surging to a 52-week high of $151 in May, the stock has reversed hard, closing at $80.69 on June 25, down nearly 46% from that peak. It has now broken below the psychologically and technically important $100 level that served as support on... Read the Full Story |
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Technology |
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The massive rotation out of semiconductor stocks this week has reverberated throughout the tech sector, with the selloff negatively impacting everything from the Magnificent Seven to hardware—and space stocks are no exception. However, while Elon Musk’s SpaceX (NASDAQ: SPCX) has grabbed headlines b... Read the Full Story |
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From Our Partners |
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Biotech analyst Jeff Brown is going on record: a rare convergence of three forces is set to hit by July 23, triggering what he calls the next golden age of biotech. In the past 40 years, this has happened only three times - and each time, small plays doubled and tripled in days.
Already, early movers are posting gains of 292% in 9 days and 526% in 3 months. Brown is hosting a free briefing - The Biotech Moment - on Wednesday, July 1, at 8 p.m. ET, including details on three small biotech plays he believes could launch soon. |
| Register free for The Biotech Moment briefing on July 1 |
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Technology |
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It’s been a rough first half of the year for Palantir Technologies (NASDAQ: PLTR) shareholders. The stock is down nearly 40% in 2026, with shares recently sliding again to test the $107 level. Short interest, while still low on a percentage basis, is rising. Technology stocks, and software stocks i... Read the Full Story |
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Utilities |
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Xcel Energy (NASDAQ: XEL) is dependable, predictable, and steady. In other words, it’s generally boring—yet analysts rate it a solid Buy. Xcel is the kind of stock that income-oriented investors often overlook because it does not make headlines, and growth investors skip because it sounds like a bo... Read the Full Story |
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From Our Partners |
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Biotech stocks have already posted gains of 25%, 108%, 256%, 453%, and even 850% in a matter of hours - and analyst Jeff Brown says the biggest move is still ahead.
Brown believes three powerful forces are converging to trigger the next golden age of biotech, beginning July 23. He is laying out the full case at a live event called The Biotech Moment on Wednesday, July 1, at 8 p.m. ET. |
| Click here to register for The Biotech Moment on July 1 |
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Industrials |
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A popular saying in professional sports is that Father Time is undefeated. The clock stops for no professional athlete. The same can be true of the current data center buildout. A recent JPMorgan Chase report states that more than 60% of the planned data center capacity for 2027 has not yet been st... Read the Full Story |
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Energy |
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The modern electric grid faces a severe supply problem. As automated industries and distribution hubs expand, creating massive power demands, traditional energy networks are reaching their limits. Investors who once viewed clean energy as a speculative, high-cost venture are now witnessing a struct... Read the Full Story |
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Technology |
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Fabrinet’s (NYSE: FN) stock price is up by a high triple-digit amount year-over-year (YOY), as of mid-June 2026, and is on track to continue rising at a similar pace over the subsequent quarters. While not a critical play in AI for its proprietary technology per se, it is absolutely vital as a cont... Read the Full Story |
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Finance |
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The SpaceX (NASDAQ: SPCX) IPO and the space sector itself are a useful reminder about the power of a story in the growth of stocks. Whether an investor can visualize the space economy of 2040 or not, every investor has to understand that the story of space is still in its early stages. The same is ... Read the Full Story |
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Retail/Wholesale |
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Carvana (NYSE: CVNA) delivered a genuinely impressive Q1 2026 earnings report that included a record number of units sold. However, in the two months following the report, CVNA is down approximately 15% despite favorable analyst sentiment. That includes a 10% drop on June 17 in sympathy with cost ... Read the Full Story |
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The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. |
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