Chart of the Day: Can Microsoft Save the Magnificent Seven?
Earnings are out this week and expectations are quite high.
Earnings are out this week and expectations are quite high.
Anthropic just filed a key financial doc, SpaceX reported earnings, and some investors are betting against Elon. Here’s what all that means for my position.
– $XNCR +32% (Phase 1 XmAb819 kidney-cancer data showed a 45.5% confirmed response rate and 82% six-month PFS at the proposed Phase 3 dose)
– $RENT +30% (no clear fresh catalyst identified; unusually heavy premarket volume extends Friday’s surge)
– $SGRY +24% (report of late-stage talks for Bon Secours Mercy Health to acquire a controlling stake at about $20 a share)
– $RRC +11% (EQT agreed to acquire it in a 0.987-share all-stock deal)
– $MACI +10% (shareholders approved the Everli business combination)
– $ROST +3.4% (UBS upgrades to Buy)
– $AVBP +3.3% (initial Phase 1 ARR-217 data showed a 44.8% response rate in colorectal cancer at the selected dose)
– $TSLA +2.3% (Barclays upgrades to Overweight, citing improving auto fundamentals, robotaxi momentum and potential SpaceX-combination upside)
– $XP -48%, $STNE -39%, $PAGS -32%, $BBD -30%, $ITUB -26%, $NU -26% (Brazil-linked financials plunge after leftist incumbent Lula won the presidential election over Flávio Bolsonaro)
– $BAK -34%, $PBR -19%, $VALE -4.9% (Brazil commodity names fall on the election shock and policy-risk repricing)
– $MRNA -8.1% (sell-the-news unwind continues after Phase 3 melanoma-vaccine data, with expectations elevated following the prior rally)
– $EQT -6.8% (falls as the acquirer in the all-stock purchase of RRC)
– $EFX -3.5% (RBC downgrades to Sector Perform on mortgage weakness concerns)
– $NTAP 3.0% (Guggenheim initiates coverage at Neutral)
– $CRWV -2.2%, $IREN -2.0% (neoclouds fall after SpaceX closed a $40B debt raise to buy Nvidia GPUs, signaling a large captive AI-compute build)
Alphabet, Microsoft and Amazon report alongside an FOMC decision and a packed week of economic data.
The action on Friday made it difficult to put much money to work.
From Brad Gerstner to Stanley Druckenmiller, these stocks keep appearing in the portfolios of some of Wall Street’s smartest tech investors.
Elon Musk’s latest move could signal the future of telecom. Here’s how I’m trading the initial reaction.
Thursday’s selloff isn’t a signal to cut exposure. It is a signal to look where the money is going.
Worries about the sustainability of the AI trade surfaced once again, driving down a swath of related stocks, but other stocks rallied as Treasury yields dropped the most since August 2025, seeing equal-weight vs cap-weight the most extreme since 2024.
The gap is closing, but the opportunity is in new leaders, not broken AI names.