Market Echos 📈

Stocks, crypto, and financial market alpha. (not financial or investment advice)

[Za @ZaStocks]

$RDDT

Trendline astrology.

S&P 500 inclusion first.

Data deals with OpenAI, Anthropic, and Google next.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump is weighing a cut to capital gains taxes ahead of midterm elections, per Bloomberg.

There has not been a major cut to capital gains tax rates in the US since 2003.

This would have massive implications if implemented.

[Eric Balchunas @EricBalchunas]

Interesting: the SEC poised to roll out a pair of major initiatives in the coming days that could further turbocharge the US crypto industry as a landmark digital asset bill stalls in Congress. Scoop via @pattersonscott

[The Inner Circle Trading Group DP David Prince @epictrades1]

$RDDT Reddit Is Due for Big AI Bump. The Earnings Selloff Is a Buying Opportunity. Barron's

[Za @ZaStocks]

$MU

SK Hynix CEO:

“The memory shortage may persist past 2030. Next year is expected to be the worst year in the industry’s history from a supply perspective.”

Nothing more than a pullback after a monster run.

[Heisenberg @Mr_Derivatives]

$MU $NVDA $META $MSFT

Don't overthink it.

[Za @ZaStocks]

Gap up, fill the gap back down to shake everyone out, rip right back up.

It’s America’s 250th birthday week, being bearish isn’t allowed.

[The Inner Circle Trading Group DP David Prince @epictrades1]

$MU PT raised to $2,000 from $1,175 at Barclays
$MU PT raised to $2,200 from $1,100 at Melius
$MU PT raised to $1,540 from $550 at JPMorgan
$MU PT raised to $1,600 from $600 at KeyBanc
$MU PT raised to $1,525 from $1,220 at Wells Fargo
$MU PT raised to $1,280 from $550 at Baird
$MU PT raised to $1,100 from $900 at Goldman Sachs
$MU PT raised to $1,500 from $1,200 at Rosenblatt
$MU PT raised to $1,600 from $1,500 at TD Cowen

[Market Echos 📈 @MarketEchos]

Woof

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Illinois passes law to tax crypto transfers regardless of profit or loss, starting 2027.

[Elon Musk @elonmusk]

@JonErlichman I think SpaceX might be able to reach approximately $1T revenue in 2030

[Za @ZaStocks]

The $RDDT CEO dropped another very telling quote the other day that I’m not seeing anyone mention.

“If you talk to any of the early engineers from any of the major LLMS, they’ll all tell you Reddit’s data was essential in their creation.

Reddit is the #1 most cited domain for AI across all models.

Our content is uniquely valuable to the AI ecosystem because it’s fresh, honest, and largely text-based. And this position still holds because the fresh part really matters: ongoing indexing is more valuable than static datasets.

As I said in Q1’26 earnings, I believe our conversations are like oil for this modern internet.

We’ve learned a lot over the last two years and those learnings should be reflected in future partnerships, including ways to make them more product-focused versus “data for dollars.”

I can’t get into specifics about deals or renewals, but can say that we fully understand the value we bring to the table.”

This is going to be remembered as one of the most egregious AI casualty mispricings when we look back a year or two from now.

[Koyfin @KoyfinCharts]

Alphabet has overtaken Apple to become the world's 2nd largest public company.

$AAPL $GOOGL

[The Inner Circle Trading Group DP David Prince @epictrades1]

$SPCX New Street initiates SpaceX with $165 target ahead of IPO. The target price represents 22% upside to the proposed IPO price, and corresponds to a $2.3 trillion equity value, post the Cursor acquisition. New Street sees SpaceX generating $195B revenue and $65B EBIT in 2030. It "prudently" values the company's direct to home business at $400B and direct to cell business at $250B. The firm values SpaceX's third-party launch at $100B and xAI standalone at $575B, relative to its expectations for OpenAI and Anthropic. Owning the physical stack justifies at least a 60% valuation premium for xAI, the analyst tells investors in a research note. New Street argues that leading in orbital data centers further enhances the value of xAI. Its sum-of-the-parts yields a $2.3 trillion valuation. The adds that if SpaceX's total addressable market reaches its high-end estimate, the stock could be worth $330.

[Za @ZaStocks]

$RDDT

Sometimes the monthly chart tells you everything you need to know.

S&P 500 rebalancing announcement is imminent, Reddit is due. Whether it’s this quarter or next it’s inevitable.

[Za @ZaStocks]

The narrative around $RDDT being an internet wasteland despite monster earnings feels very similar to how everyone used to call $PLTR a toxic government contractor spy agency and $HOOD a platform for gambling degenerates.

Palantir and Robinhood still exploded way higher.

[TrendSpider @TrendSpider]

🚨 Drone stocks are on fire this morning after reports that the Trump Administration is pursuing funding deals with a number of American drone companies.

🟢 $UMAC +28%
🟢 $RCAT +16%
🟢 $DPRO +15%
🟢 $KTOS +11%
🟢 $AVAV +10%
🟢 $SWMR +9%
🟢 $ONDS +7%

[Za @ZaStocks]

Goodnight everyone.

Especially $PLTR.

[TrendSpider @TrendSpider]

Top 10 Stocks in S&P 500 YTD

🟢 Sandisk $SNDK +501%
🟢 Intel $INTC +213%
🟢 Seagate $STX +187%
🟢 Western Digital $WDC +171%
🟢 Micron $MU +153%
🟢 Lumentum $LITE +147%
🟢 Ciena $CIEN +140%
🟢 Dell $DELL +130%
🟢 Corning $GLW +117%
🟢 AMD $AMD +111%

[Market Echos 📈 @MarketEchos]

@ZaStocks

[Market Echos 📈 @MarketEchos]

Rugged by the banks again 😔

[zoomer @zoomerfied]

[ ZOOMER ]

SEC DELAYS PLAN TO ALLOW TRADING OF TOKENISED STOCKS DUE TO CONCERNS AND PUSHBACK: BBG