The Range Nuclear Renaissance Index ETF (NYSEARCA:NUKZ) has done what almost no thematic fund managed in the prior cycle: turned a niche utility trade into a high-growth AI derivative. Shares of NUKZ closed near $72 on Friday, putting the fund up roughly 44% over the past year and about 14% year to date. With assets ... The 2 Catalysts That Will Determine NUKZ’s Next 12 Months
The Range Nuclear Renaissance Index ETF (NYSEARCA:NUKZ) has done what almost no thematic fund managed in the prior cycle: turned a niche utility trade into a high-growth AI derivative. Shares of NUKZ closed near $72 on Friday, putting the fund up roughly 44% over the past year and about 14% year to date. With assets ... The 2 Catalysts That Will Determine NUKZ’s Next 12 Months
US Existing Home Sales Unexpectedly Jumped In May, Inventories Surge With the Spring selling season in tatters , existing home sales were expected to rebound in May very modestly (+1.1% MoM) off recent record lows, but instead they outperformed, rising at 3.2% MoM (and April's 0.2% MoM rise was revised higher to a +0.7% MoM rise). That lifted existing home sales up 3.22% YoY - the strongest since ...
US Existing Home Sales Unexpectedly Jumped In May, Inventories Surge With the Spring selling season in tatters , existing home sales were expected to rebound in May very modestly (+1.1% MoM) off recent record lows, but instead they outperformed, rising at 3.2% MoM (and April's 0.2% MoM rise was revised higher to a +0.7% MoM rise). That lifted existing home sales up 3.22% YoY - the strongest since September 2025 ... Source: Bloomberg That beat lifted existing home sales SAAR to its highest level of the year (but not exactly signaling a trend)... Source: Bloomberg “More Americans are on the move, with home sales rising to the highest level since December,” Lawrence Yun, NAR’s chief economist, said in a statement. “This is great news for the housing market and the economy.” Sellers are giving up some ground on price and “meeting buyers where they are,” Realtor.com said. In May, the median sales price of an existing home climbed 1.3% from a year ago to $429,300, NAR data show. Meantime, inventory rose slightly from a year ago to 1.55 million, the highest since July and representing 4.5 months of supply at the current sales pace. Sales rose in the South, Northeast and Midwest from a month earlier, while they were unchanged in the West. In the Midwest, transactions reached 1 million, the highest pace since April 2023. First-time buyers accounted for 35% of sales, compared with 33% a month earlier and 30% a year ago. Finally, it appears home sales are catching up to the prior decline in mortgage rates (but we note that rates have been rising since)... Source: Bloomberg “Improving affordability is helping drive this momentum,” Yun said. Tyler Durden Tue, 06/09/2026 - 10:11
Alexey_Fedoren Wall Street’s major market averages pushed higher on Tuesday as tech stocks continued to recover and rally, with SpaceX ( SPCX ) IPO set for Friday. The blue chip Dow ( DJI ) was +0.8%, the benchmark S&P 500 ( SP500 ) was +0.7%, and the tech focused Nasdaq Composite ( COMP:IND ) was +0.6%. From a sector-by-sector perspective, 10 of the 11 S&P segments were in the green, with materia...
Alexey_Fedoren Wall Street’s major market averages pushed higher on Tuesday as tech stocks continued to recover and rally, with SpaceX ( SPCX ) IPO set for Friday. The blue chip Dow ( DJI ) was +0.8%, the benchmark S&P 500 ( SP500 ) was +0.7%, and the tech focused Nasdaq Composite ( COMP:IND ) was +0.6%. From a sector-by-sector perspective, 10 of the 11 S&P segments were in the green, with materials leading the charge. At the other end of the spectrum, energy suffered the most so far. Oil ( CL1:COM ) prices eased as Iran and Israel said they had halted attacks on each other following an appeal from President Trump. Treasury yields dipped. The U.S. 2 Year Treasury yield ( US2Y ) slid 3 basis points to 4.13%. At the same time, the U.S. 10 Year Treasury yield ( US10Y ) moved down 2 basis points to 4.54%, and the U.S. 30 Year Treasury yield ( US30Y ) came down by 2 basis points to 5.02%. “The tech stock pullback was a gift for investors, and we remain buyers on the dips. The market volatility we have seen in recent days is consistent with a sawtooth pattern. Sharp pullbacks have been met with aggressive buying because investors, despite the noise, know that strong fundamentals, including strong revenue and earnings growth, remain in place,” Robert Edwards, chief investment officer, of Edwards Asset Management, said. As for stocks that were on the move, shares of Sandisk ( SNDK ) advanced by 9.1%, while shares of Workday ( WDAY ) fell 3.6%. Community sentiment survey: Are you planning to buy the upcoming SpaceX IPO? Vote on our Community page . More on markets BofA raises red flags as bear-market signals flash Beyond big tech: AI adoption spreads across nearly every sector AI benefits still concentrated in the Magnificent Seven, Apollo says MSG shares surge on Knicks Finals run ahead of Trump's expected Game 3 visit Bitcoin bounces back above $63K following Friday’s washout below $60K
Sven Piper/iStock Editorial via Getty Images As SpaceX ( SPCX ) rockets toward its historic ~$1.75T initial public offering this week, passive investors are eagerly anticipating when the aerospace and AI juggernaut will land in their index funds. While a blockbuster IPO of this magnitude typically triggers a scramble for immediate index inclusion, the path forward is notably split among major inde...
Sven Piper/iStock Editorial via Getty Images As SpaceX ( SPCX ) rockets toward its historic ~$1.75T initial public offering this week, passive investors are eagerly anticipating when the aerospace and AI juggernaut will land in their index funds. While a blockbuster IPO of this magnitude typically triggers a scramble for immediate index inclusion, the path forward is notably split among major index providers. The indexes Elon Musk's SpaceX ( SPCX ) is expected to join early include: Nasdaq has actively modified its rules to accommodate the massive listing. Under the revised provisions, SpaceX ( SPCX ) can join the Nasdaq-100 index ( COMP:IND ) ( QQQ ) after just 15 trading days, significantly shortening the standard waiting period. The only condition is that the company maintains a top-40 valuation ranking during its first week of trading. Following its Nasdaq debut, SpaceX ( SPCX ) is also widely expected to see accelerated inclusion into the broader Russell indices, including the Russell 1000 ( IWB ) and Russell 3000 ( IWV ). MSCI ( MSCI ) will apply its standard methodology for early inclusion of large IPOs in its Global Standard Indexes, likely paving the way for SpaceX ( SPCX ) to join after it debuts on the Nasdaq on June 12. What about the S&P 500? S&P Global ( SPGI ) decided not to change its criteria for entry into the benchmark S&P 500 ( SP500 ) ( SPY ), including a rule that requires a company to be profitable. SpaceX ( SPCX ) reported a net loss of $4.94B in 2025, largely driven by substantial AI infrastructure investments and the recent integration of xAI ( X.AI ). More on SpaceX, NASDAQ Composite Index, etc. May CPI Preview: Lower Oil, Stickier Inflation 7 Signs Markets Are Near A Top SpaceX: You Are Buying 2030 At The 2026 Offer Price Stock market edges higher as SpaceX IPO draws focus SpaceX IPO buzz drives retail buying of space stocks, Vanda says
Intel is rising sharply after reports the chipmaker may have secured new orders that add to its growing hyperscaler partner list. If true, Intel could become the semiconductor industry's preferred backup supplier.
Intel is rising sharply after reports the chipmaker may have secured new orders that add to its growing hyperscaler partner list. If true, Intel could become the semiconductor industry's preferred backup supplier.
Apple looks unlikely to spark a big iPhone upgrade cycle with its artificial-intelligence updates, according to Wall Street analysts. UBS analyst David Vogt said he was leaving estimates for Apple’s iPhone revenue in fiscal year 2026 –which ends in September– unchanged at $251.
Apple looks unlikely to spark a big iPhone upgrade cycle with its artificial-intelligence updates, according to Wall Street analysts. UBS analyst David Vogt said he was leaving estimates for Apple’s iPhone revenue in fiscal year 2026 –which ends in September– unchanged at $251.
Alphabet (NASDAQ:GOOGL) is running one of the most aggressive AI infrastructure buildouts in corporate history. CEO Sundar Pichai told investors “2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business.” Google Cloud printed $20.03 billion in Q1 revenue, up 63% YoY, with backlog ... Prediction: Google Stock Will Hit $500 on This Date
Alphabet (NASDAQ:GOOGL) is running one of the most aggressive AI infrastructure buildouts in corporate history. CEO Sundar Pichai told investors “2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business.” Google Cloud printed $20.03 billion in Q1 revenue, up 63% YoY, with backlog ... Prediction: Google Stock Will Hit $500 on This Date
The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.89%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.17%. June E-mini S&P futures (ESM26 ) are up +0.76%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.89%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.17%. June E-mini S&P futures (ESM26 ) are up +0.76%, and June E-mini Nasdaq futures...
Nebius plans a 1.7B euro U.K. AI infrastructure expansion with new NVIDIA-powered deployments, targeting 65 MW capacity by 2027 and deeper AI cloud reach.
Nebius plans a 1.7B euro U.K. AI infrastructure expansion with new NVIDIA-powered deployments, targeting 65 MW capacity by 2027 and deeper AI cloud reach.
The upcoming SpaceX ( SPCX ) IPO could trigger a “super cycle” of public offerings and unlock significant wealth for American investors, according to Verdict Capital founder Michael Fertik. In an interview with CNBC, Fertik expressed strong optimism that a successful SpaceX debut on Friday would open the floodgates for a backlog of companies waiting to go public, including AI giants OpenAI and Ant...
The upcoming SpaceX ( SPCX ) IPO could trigger a “super cycle” of public offerings and unlock significant wealth for American investors, according to Verdict Capital founder Michael Fertik. In an interview with CNBC, Fertik expressed strong optimism that a successful SpaceX debut on Friday would open the floodgates for a backlog of companies waiting to go public, including AI giants OpenAI and Anthropic. Fertik drew a striking comparison between the two leading AI companies, likening OpenAI ( OPENAI ) CEO Sam Altman to “Willy Wonka” and Anthropic ( ANTHRO ) CEO Dario Amodei to “Henry Ford.” He argued that Anthropic’s more focused approach appears to be winning, noting the company reportedly generates around $40 billion in revenue compared to OpenAI’s $25 billion, while potentially achieving profitability this quarter versus OpenAI’s estimated losses of $1-2 billion monthly. The investor questioned whether OpenAI is truly prepared for its IPO following the company’s confidential S-1 filing. “The worrisome feeling I get based on what I’m reading, I’m not sure OpenAI really means it yet,” Fertik said. “They have to get a little bit more fighting fit to prepare for an IPO.” Fertik emphasized the broader importance of successful IPOs for American competitiveness and everyday investors. “America has to stay ahead in all these races,” he stated. “The capital formation has been heavily weighted towards the private markets, and it’s time for the public markets and the retail investors and Americans every day through pension funds or whatever to start getting their liquidity.” The concentration of wealth in private companies has reached extreme levels, Fertik noted, pointing out that some major university endowments have up to 20% of their entire holdings tied up in SpaceX alone. He praised the structure of the SpaceX offering, including its relatively small float, exceptional pre-selling, and pre-arranged index inclusion. Despite some critics questioning SpaceX’s revenue pro...
M-Tron Industries ( MPTI ) announced on Tuesday that it won a $6.8M follow-on order from a U.S. defense contractor supporting major counter-UAS radar programs. The award supports long-term demand, with the related systems expected to remain in production beyond 2030. The contract will strengthen the company's position in defense and aerospace electronics, including radar, drones, electronic warfar...
M-Tron Industries ( MPTI ) announced on Tuesday that it won a $6.8M follow-on order from a U.S. defense contractor supporting major counter-UAS radar programs. The award supports long-term demand, with the related systems expected to remain in production beyond 2030. The contract will strengthen the company's position in defense and aerospace electronics, including radar, drones, electronic warfare, communications, and space systems. Management said defense and aerospace demand is accelerating, with contract work running through 2027. Source: Press Release More on M-tron Industries M-tron Industries Could Benefit From Tight U.S. Defense Inventory M-tron Industries, Inc. (MPTI) Analyst/Investor Day - Slideshow M-tron Industries, Inc. (MPTI) Q1 2026 Earnings Call Prepared Remarks Transcript M-tron Industries GAAP EPS of $0.67 beats by $0.08, revenue of $14.69M beats by $0.31M M-tron Industries secures $2.7M order for major defense C-UAS radar program
MANGOS — no, not the tropical stone fruit — is the latest Big Tech acronym to be at the top of investors' minds ahead of 2026's biggest IPOs. MANGOS consists of Meta Platforms (META), Anthropic (ANTH.PVT), Nvidia (NVDA), Alphabet (GOOG, GOOGL), OpenAI (OPAI.PVT), and SpaceX (SPCX, SPAX.PVT). Yahoo Finance Senior Business Reporter Ines Ferré explains the latest AI tech groupings being coined by Wal...
MANGOS — no, not the tropical stone fruit — is the latest Big Tech acronym to be at the top of investors' minds ahead of 2026's biggest IPOs. MANGOS consists of Meta Platforms (META), Anthropic (ANTH.PVT), Nvidia (NVDA), Alphabet (GOOG, GOOGL), OpenAI (OPAI.PVT), and SpaceX (SPCX, SPAX.PVT). Yahoo Finance Senior Business Reporter Ines Ferré explains the latest AI tech groupings being coined by Wall Street analysts.
wavemovies/iStock Editorial via Getty Images Wix.com ( WIX ) is facing headwinds in the web design market due in part to the rise of artificial intelligence tools, according to RBC Capital Markets. On Monday morning, the Israel-based tech firm lowered its top-line guidance to low teens from mid-teens growth for FY26 with a $50M reduction to bookings and a $25M decline to revenue. This followed the...
wavemovies/iStock Editorial via Getty Images Wix.com ( WIX ) is facing headwinds in the web design market due in part to the rise of artificial intelligence tools, according to RBC Capital Markets. On Monday morning, the Israel-based tech firm lowered its top-line guidance to low teens from mid-teens growth for FY26 with a $50M reduction to bookings and a $25M decline to revenue. This followed the company's 20% reduction to its workforce that was reported late last month. RBC reduced its price target on the stock to $45 from $60 but retained its Sector Perform rating. "Continued/incremental weakness to the Partner's business was cited as the culprit (which was the issue on this more recent print)," said RBC analysts, led by Braqad Erickson, in a Tuesday investor note. "The company reiterated its FCF margin outlook of high-teens, which seems a function of the 20% headcount reduction that was announced 11 days ago, and slightly raised its more pointed FCF outlook to ~$420M vs. the prior outlook of ~$400M. The RIF drives $70M of cost savings for FY26 and $150M annualized." Shares of the stock have crashed 53% year to date. This drop was highlighted by a massive decline following its first-quarter fiscal 2026 financial results in mid-May that fell short of market expectations. "The stock now trades at 4.4x the Street's '27 FCF estimate, which is 18% above our estimate," Erickson said. "While management's clearly committed to maintaining the FCF margins in light of the headcount reduction ($150M run-rate savings), we struggle to see a path to stabilization given the cross currents & competitive landscape. New partner products gaining traction and/or visible Base44 acceleration would be the biggest signals to become more constructive; however, we're in wait and see mode on that." RBC slightly lowered its full fiscal 2026 revenue estimate on Wix.com to $2.244B from $2.269B and its fiscal 2027 estimate to $2.441B from $2.571B. More on Wix.com Wix After Layoffs And Buyback: ...
Retail investors are rotating out of semiconductor stocks and into higher-beta speculative names, according to recent retail flow data from Vanda Research. The shift comes after months of strong retail buying in semiconductor companies and may reflect investors raising liquidity ahead of anticipated high-profile IPOs such as SpaceX. Vanda Research said retail activity during the latest trading ses...
Retail investors are rotating out of semiconductor stocks and into higher-beta speculative names, according to recent retail flow data from Vanda Research. The shift comes after months of strong retail buying in semiconductor companies and may reflect investors raising liquidity ahead of anticipated high-profile IPOs such as SpaceX. Vanda Research said retail activity during the latest trading session was notably weak, with net selling across single stocks reaching its largest level since November 2023. The selling pressure was concentrated heavily in semiconductor names, particularly Micron Technology ( MU ) and Sandisk Corporation ( SNDK ), marking a sharp reversal in sentiment after sustained retail inflows into the sector in recent months. At the same time, capital has rotated into a select group of speculative and high-volatility stocks. Vanda identified abnormal buying activity in names including Sleep Number Corporation ( SNBR ), NANO Nuclear Energy Inc. ( NNE ), and Patterson-UTI Energy, Inc. ( PTEN ). Broadcom Inc. ( AVGO ) and Marvell Technology ( MRVL ) have also continued attracting strong retail demand, bucking the broader trend of semiconductor-related selling. Among the stocks seeing elevated retail attention, Patterson-UTI Energy carries one of the highest Seeking Alpha Quant Ratings at 3.47, followed closely by Adeia Inc. ( ADEA ) and Broadcom, both at 3.46. USA Rare Earth, Inc. ( USAR ) and United Therapeutics Corporation ( UTHR ) also rank relatively higher within the speculative basket. Vanda suggested one explanation for the weaker-than-expected post-tax-season retail activity could be investors preparing for potential blockbuster IPOs. If companies such as SpaceX, OpenAI, and Anthropic are viewed by retail traders as higher-conviction opportunities, investors may continue selling recent market favorites and AI-related proxy trades to free up capital ahead of those offerings. Seeking Alpha’s Quant Ratings system evaluates stocks across valuation...