SpaceX $SPCX is now poised to go public at the highest IPO valuation ever.
We asked Sidekick whether SpaceX is a "Buy" "Wait" or "Avoid" at valuation prices.
Here's what it had to say:
$NVDA - GOLDMAN SACHS BULLISH ON NVIDIA AFTER GTC TAIPEI
Goldman Sachs reiterated its Buy rating and $285 price target on NVIDIA, citing stronger AI PC ambitions, continued datacenter leadership, and growing adoption of agentic AI. The firm said NVIDIA's Vera Rubin rollout remains on track and sees further upside for the stock.
$DELL CRUSHED THEIR Q1 EARNINGS
โข Revenue $43.8B vs Est. $34.8B
โข EPS $4.86 vs Est. $2.88
โข AI Server Sales: $16.1B (+757% YoY)
FY27 Guidance
โข Revenue $167B vs Est. $144B
โข EPS $17.90 vs Est. $13.16
The Fed just changed the tone...
Here's what shifted, and what to watch.
This week's market update (and final call for 42% off TrendSpider):
https://t.co/bEEhiw4rHB
What's going on here?
Overall market participation has been roughly cut in half since late March.
In the 34 trading days since the market bottom, $SPY has not once traded more shares than its previous 20-day average.
This is now the longest streak of low relative-volume trading in the S&P 500 since at least 2008.
Coming up on @TheStreetPro
A Possible 2026 Market Top May Have Occurred on Thursday
โEven a happy life cannot be without a measure of darkness, and the word happy would lose its meaning if it were not balanced by sadness.โ
- Carl Jung
There is almost a gravitational pull for equities to move higher over time.ย Though a rise in stocks are only a coin flip on a daily basis - increasing in value about 55% of the time on all trading days - equities advance by about 70% of the time on a monthly basis and roughly 80% of the time on a rolling one-year period.
This means that calling a market top, like calling a generational market bottom (as I did in the first week of March, 2009), is a low probability event that exposes one to criticism.
Nonetheless, I never shy away from public ridicule. I am transparent and I always exhibit my analysis (on @thestreetpro). Unlike the majority of the "talking heads" on Fin TV and in the business media (who concentrate on polishing their brands) I time stamp both my trades and investments. I take ownership of my losers and try not to pat myself on the back by discussing my winners. I am often wrong and always in doubt.
I supplement my fundamental approach and analysis with fractals (hat tip @KeithMcCullough) as the market's structure has changed meaningfully over the last decade - with momentum based strategies and products (risk parity, quants, etc.) dominating the investing landscape. It is a necessity to understand the patterns and behavior of the algos and machines.
To Everything There Is A Season
I have long written that owning equities creates wealth and being short equities protects capital.
The real purpose of calling a potential market top is to emphasize that the preponderance of negatives, when weighed against elevated share prices suggestย that we could be at a critical juncture for markets in which the downside risks may dwarf the upside rewards.
So, let's start the week with a Ludacris Forecastย (of a possible market top for this year) I made on Thursday... @SquawkCNBC@JoeSquawk@andrewrsorkin@beckyquick@saraeisen@SullyCNBC@guyadami@CNBCFastMoney@HalftimeReport@tomkeene@carlquintanilla@MelissaLeeCNBC@TheJudgeCNBC@guyadami@Convertbond@WhitneyTilson@LanceRoberts@pboockvar@business@maddow@SRuhle@msnbc@cnbc@ferrotv@annmarie@lisaabramowicz1@KeithMcCullough@RPKent@SamofAmerica@HedgeyeDJ