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Micron (MU) reports its highly anticipated earnings. Cerebras (CBRS) signaled strength in its report but investors still sold off shares. Stocks in the housing market soared across the sector after KB Home (KBH) posted mixed earnings. Marley Kayden turns to the top stories from Wednesday's trading session.
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Micron's (MU) posted a significant beat on EPS, revenue, margins, and guidance — all showing signs that AI memory demand isn't slowing down. Marley Kayden, Sam Vadas, and Alex Coffey offer more insight into all of the key metrics surrounding Micron's report immediately following its release as shares rally after hours.
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Chris Birk breaks down a bipartisan housing bill aimed at boosting supply and expanding homeownership. He notes new home sales have fallen for two straight months, while existing and pending sales rose in May as buyers adjust to affordability challenges. Birk also highlights the 30-year mortgage rate at 6.59%, saying a move closer to 6% could ease the lock-in effect and unlock demand.
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South Korean AI memory giant SK Hynix sets its sights on a U.S. listing as soon as next month. The tentative boon in tech comes as Bitcoin falls below $60,000. Marley Kayden and Sam Vadas discuss their top takeaways from Wednesday's big movers.
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Cory Johnson believes the SpaceX (SPCX) IPO is "pretty unique," saying that the stock holding above its IPO price with current valuations is "kind of a miracle." He attributes the price action to the rising demand for the IPO market that includes names like Anthropic, which Cory calls "the biggest company out there." He outlines expectations for Anthropic, SpaceX's forward momentum, and how they set the stage for other big names like Databricks and OpenAI.
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Dmitri Maxim of MarpoleAI breaks down the Fed’s changes to bank stress tests, noting reduced transparency and the end of forward guidance. He highlights concerns around extended rules through 2027 and the growing risk in commercial real estate exposures. Maxim warns that smaller banks could be especially vulnerable as conditions in the sector deteriorate.
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Josh Stevens explains the risks of passive indices concentrated in the Mag 7 and makes the case for active, dividend-focused investing. He highlights undervalued names like Verizon (VZ) and outlines a screening approach centered on dividend growth and value. Stevens also breaks down the CVSM ETF, pointing to holdings such as Sensata Technologies (ST), Lear (LEA), Dynatrace (DT), and BorgWarner (BWA) driving performance.
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Kevin Horner of Charles Schwab outlines key support levels for the S&P 500 (SPX), including the 50-day moving average, and flags potential defensive positioning if it breaks. He highlights D.R. Horton (DHI) as a breakout candidate from a nine-month range. Horner also points to strength in Dollar Tree (DLTR), which is nearing four-month highs and stands out within the staples sector.
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"Qualcomm (QCOM) was an AI company before it was cool," says Olivier Blanchard, pointing to subtle ways the company has advanced its tech standing that markets missed. Now, he sees data center growth as the platform to Qualcomm's next leg higher. Olivier explains how the company fits with the transition of training AI models while maintaining its legacy automotive business.
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Tom Essaye breaks down why FedEx (FDX) fell despite a double beat, pointing to a slight miss on operating margins. He highlights the ongoing shift at FedEx and UPS Inc. (UPS) toward higher-margin deliveries in sectors like healthcare and aerospace. Essaye notes demand remains strong, with analysts maintaining confidence in FedEx’s long-term growth.
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