Luke Kawa4/1/25

Megacap tech powers US stocks higher on Liberation Day Eve

It was a volatile but positive session for stocks on Liberation Day Eve.

The S&P 500 gained 0.4%, the Nasdaq 100 rose 0.8%, and the Russell 2000 erased a loss of 1.2% to finish in the green.

Healthcare was the worst-performing S&P 500 sector ETF, while consumer discretionary and tech led the way higher. All members of the Magnificent 7 rallied, led by Tesla’s massive gain for no apparent reason amid bad news surrounding Wednesday’s Q1 delivery figures.

Roblox popped after announcing a partnership with Alphabet for immersive in-game advertisements.

Newsmax’s eye-popping post-IPO run continued, as low float plus the adoration of retail traders fuel massive gains.

Shares of Johnson & Johnson crumbled after a judge denied its third attempt to settle claims that its talc powder caused cancer.

Hims & Hers caught a huge bid after the telehealth company announced that it would carry Eli Lilly’s Zepbound weight-loss drug on its platform.

Intel was the worst-performing member of the VanEck Semiconductor ETF after public comments from new CEO Lip-Bu Tan failed to inspire investors the way his appointment to the position seemed to.

Keurig Dr Pepper rose after Morgan Stanley upgraded the company to “overweight” from “equal weight.” On the other hand, airline stocks like Southwest Airlines, American Airlines, and Delta Air Lines all sank after getting downgraded by Jefferies.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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