Apple's iPhone Duo in short supply
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The S&P 500 and Nasdaq are on track for their third consecutive winning session.
- Technology and industrials tied to data center buildout are leading the market higher.
- SpaceX's strong earnings and commentary about power and cooling as limiting factors for AI compute boosted stocks like GE Vernova, Eaton, and Vertiv.
- Super Micro Computer preannounced stronger-than-expected quarterly revenue, aiding the tech hardware sector.
- Cybersecurity stocks are rising due to concerns about AI tools facilitating the discovery of software vulnerabilities.
- Money rotated out of defensive sectors like healthcare and consumer staples into AI stocks.
- Apple's new iPhone Duo has limited quantities available for walk-in customers and a purchase cap of two per customer, indicating strong demand and supply constraints.
- Meta Platforms and Lam Research are among the notable companies reporting earnings this week, with focus on AI, capital expenditure, and chip demand.
- Tesla, IBM, SAP, and others are also reporting earnings.
- Jim Cramer's Charitable Trust follows specific trade alert protocols.