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Trading in SpaceX, the largest IPO in history, is now underway!
After pricing at $135, shares opened at $150.
π Trade $SPCX: https://t.co/1L0xvegGFs
β οΈ Important: Short selling is not yet available. For long positions, only limit sell orders are currently supported.
SpaceX IPO by the numbers:
β’ 555.6M common shares priced at $135
β’ $75B raised
β’ Largest IPO in history
β’ $1.77T valuation
β’ About 30% of shares allocated to retail investors, versus the typical 10% market standard
SpaceX may be the first IPO where everyone knows the buyers in advance.
Nasdaq 100 and FTSE Russell are expected to add the stock without the usual one-year waiting period, turning index funds into forced buyers.
Some active managers already plan to buy the IPO and sell to passive funds once they're required to buy π
In 2008, at the height of the financial crisis, Russia allegedly proposed that China join a coordinated sell-off of Fannie Mae and Freddie Mac bonds.
A single phone call to Moscow could have brought down the US economy. And the world never even knew about it.
$CPNG +6%
Fined $409M by South Korea's privacy regulator over illegal data collection and a breach affecting more than 33M customers.
$ORCL β9%
Beat expectations. Investors focused on sharply higher capex plans. Company will increase spending and raise additional debt and equity to expand AI data centers.
$NAVN +21%
Beat forecasts. Revenue growth accelerated. Booking volumes reached a record. Returned to positive free cash flow.
$ELVN +24%
Reported positive Phase 1 results for its chronic myeloid leukemia treatment.
$INTC β Following an upgrade from B of A Securities, Intel's stock is experiencing a rise. The firm elevated Intel's rating from "Underperform" to "Buy" and increased its price target from $96 to $135.
The U.S. stock market lost $1T in just three hours.
Since June 2, total losses have reached $3.3T
The reason: investors are starting to seriously question whether massive AI spending on infrastructure, data centers, and chips will ever pay off.
$SMCI β11%
Plans to raise $7B through equity offerings. Proceeds will fund equipment purchases for AI server orders. Current AI server backlog totals $39B from more than 20 customers.
$CBRL +18%
EPS and revenue beat expectations. Full-year revenue guidance raised.
$CHWY β1%
EPS and revenue beat. Net sales +7.7%. Added nearly 200,000 customers. Record profitability this quarter.
$ODFL β5%
Amazon expanded its LTL freight service nationwide.
$DNTH β20%
Sanofi halted a late-stage autoimmune disease study over efficacy concerns. Investors see read-through risk for DNTH103, which targets a similar pathway.
Big Tech has a new acronym: MANGOS.
Elon Musk, Sam Altman, and the creators of Claude have joined the club.
$AAPL, $AMZN, and $NFLX are out of the top tier π§
$SAIL β11%
Revenue beat consensus. Reported a loss instead of a profit. Guidance largely in line.
$UNFI β16%
Revenue missed expectations. Annual guidance below consensus. Sales impacted by network optimization efforts.
$SJM +5%
EPS and revenue beat. Strength in coffee and sweet baked goods. Full-year outlook in line.
$NUVL +38%
$GSK 0%
GSK to acquire Nuvalent for $10.6B. Offer price $124 per share, a 40% premium. FDA granted Breakthrough Therapy and Orphan Drug designations to zidesamtinib and neladalkib.
$CECO +16%
Raised revenue forecast to $1.28β1.38B from consensus of $968M following the Thermon acquisition.
$APLD +10%
Subsidiary to issue $1.59B of bonds due 2031. Proceeds will fund 150 MW expansion at the Polaris Forge 1 AI data center campus.
Stocks to watch this week
π΄ $ADBE β earnings Jun 11. Shares β40% YoY as AI competition intensifies.
π΄ $RH β earnings Jun 11. Down ~3Γ from 2025 highs. Known for sharp post-earnings moves.
π΄ $FCEL β earnings Jun 8. +128% in a month as AI data center demand became the main market narrative.
π‘ $CPB β earnings Jun 8. 7% dividend yield. Support near $20.
π΄ Space. After last week's 15β35% pullback, space stocks remain among the market's most volatile names.
$LUNR $ASTS $RKLB $PL $NASA
The Nasdaq suffered its worst daily loss since last year's "Liberation Day" on Friday.
This week:
π CPI and PPI inflation data
π Earnings from $ORCL and $ADBE
π The expected SpaceX IPO under ticker $SPCX
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π Up to 6 charts in one workspace
β¨οΈ Fully customizable hotkeys
π₯ Multi-monitor support with detached windows
π US stocks, futures & crypto in one terminal
π² Margin rates from 8β9% annually
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Event Calendar for the Week of June 8β14
Monday, June 8
π $FCEL $CPB $DLTH
π $MTN $MAMA
π² Last day to buy for dividend entitlement: $PEG $BDX $SPG
Tuesday, June 9
π $SJM $UEC $UNFI $SAIL
π $CBRL $CASY $SJL
π Trade balance.
π Existing home sales.
π API crude oil inventories.
π² Last day to buy for dividend entitlement: $OMC $PPL $HPQ $BFB
Wednesday, June 10
π $CHWY $CNM
π $ORCL $OXM
π Consumer Price Index (CPI) for May.
π EIA crude oil inventories.
π May federal budget report.
π² Last day to buy for dividend entitlement: $FIS
Thursday, June 11
π $LOVE $HOFT $ACB
π $ADBE $LEN $RH
π Initial jobless claims.
π EIA natural gas storage.
π Producer Price Index (PPI) for May.
π² Last day to buy for dividend entitlement: $ADP $WMB $REG $AMT
Friday, June 12
π University of Michigan Consumer Sentiment Index.
π Consumer inflation expectations.
π² Last day to buy for dividend entitlement: $DOC $DPZ $PSA $DVN $TROW $MO $EXR $XEL $CCI
$U and $APP upgraded as in-game ads gain traction. $LULU loses customers. Premarket moves.
π» $LULU -10%
Beat earnings but cut full-year guidance. Weak demand in North America, negative social media sentiment, and disappointing product launches weighed on outlook.
π» $PL -5%
Beat on revenue and earnings. FY2027 guidance was solid, but space stocks remain under pressure after a strong run.
π» $GWRE -12%
Strong quarter, but revenue guidance missed expectations. Investors worry about slowing growth and delayed enterprise deals.
π» $DOCU -4%
Beat estimates, but expected revenue growth of just 3% disappointed investors.
π’ $AGX +10%
Revenue +50% YoY. Debt-free, cash-rich, and benefiting from strong demand for power infrastructure.
π’ $GIII +8%
Beat on revenue and EPS. Management expects continued double-digit growth from brands including DKNY and Karl Lagerfeld.
π’ $COO +6%
Record revenue of $1.08B and the 10th straight earnings beat.
π’ $U +4%, $APP +3%
Edgewater upgraded both stocks to Outperform, citing a major shift toward in-game advertising and hybrid monetization models.
Trade on UTEX: https://t.co/7dI5Uy3ZKb
$VZ β Verizon's stock dropped following a U.S. Supreme Court decision that prevents wireless providers, including Verizon, from requesting a jury trial when facing fines from the Federal Communications Commission (FCC).
Why is crypto falling?
πͺ $BTC is down 13% this week and briefly dropped below $62K.
What's behind the selloff:
β’ Strategy sold BTC for the first time since 2022
β’ Spot Bitcoin ETFs saw ~$3B in outflows
β’ Rising US-Iran tensions hit risk assets
β’ "Higher for longer" Fed rates strengthen the dollar
β’ A cascade of liquidations accelerated the move
Nearly $3B in crypto positions were liquidated in just two days. Fear & Greed Index: 11 (Extreme Fear).
Meanwhile, some capital is already rotating into US stocks and AI names. From $BTC to $NVDA β trade it all on https://t.co/mhNbxlSdM8