Good morning.
The Fast Five → Memory chip frenzy puts Micron and SK Hynix in $1 Trillion Club, rocket and satellite stocks surge on SpaceX IPO euphoria, Goldman lifts S&P year-end target to 8,000, rideshare drivers form first US ride-share union, and Insurance mogul gets 12 years for $2 billion fraud…
📌 Trump issues Emergency Order that supports Elon Musk's next venture. Go here to see how you could back Elon Musk's next venture from your regular brokerage account »
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Calendar: Full Calendar »
Today:
None Watched
Tomorrow:
Core PCE Price Index m/m, 8:30A
Prelim GDP Price Index, 9:45A
Unemployment Claims, 8:30A
New Home Sales, 10:00A
Your 5-minute briefing for Wednesday, May 27:
BEFORE THE OPEN
As of market close 5/26/2026.
Pre-Market:
Market Wrap:
Futures flat Dow +16, S&P flat, Nasdaq flat
S&P +0.61%, Nasdaq +1.19% hit fresh record highs
Dow slipped 118 points as tech led gains
Micron surged 19%, topping $1T market cap
Iran ceasefire optimism continues supporting markets
Strong earnings and AI momentum driving rally
Citi warns upside may be limited from here
EARNINGS
Here’s what we’re watching this week:
Today: *Abercrombie & Fitch $ANF ( ▼ 3.21% ), HP $HPQ ( ▼ 3.21% )
Salesforce $CRM ( ▼ 0.55% ) - $3.13 EPS (+21.3% YoY), on $11.1B revenue (+13.3% YoY)
THU: American Eagle $AEO ( ▲ 3.63% ), Costco $COST ( ▼ 2.46% ), Gap $GAP ( ▲ 0.43% ), *Kolhl’s $KSS ( ▲ 1.76% )
*Dollar Tree $DLTR ( ▼ 1.35% ) - $1.56 EPS(+23.8% YoY) on $5.0B revenue (+8.7% YoY)
SpaceX ‘Dark Energy’ Replaces Foreign Oil
For years, we've been told SpaceX is a rocket company.
But according to new satellite images from 300 miles above the Earth's surface, there is something very strange going on at SpaceX right now that has nothing to do with space.
It could soon replace our need for foreign oil forever and ignite a $10 trillion boom for the stocks involved.
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HEADLINES
The breakneck surge in memory-chip stocks is intensifying, as investors bet the AI boom will lead to a sustained revaluation of the industry.
Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified.
S&P 500, Nasdaq hit record closing highs on AI optimism (more)
Trump officials split over Pope Leo’s AI warning as feud enters new front (more)
Goldman lifts S&P year-end target to 8,000 on strong earnings outlook (more)
Oil pulls back as traders look for progress on US-Iran talks (more)
Japan's Nikkei hits record high as chip-related shares jump (more)
Surging chip stocks warp global markets (more)
The future of AI is an AI futures market (more)
Nvidia to spend $150B a year in Taiwan, 'epicentre' of AI revolution (more)
Qualcomm strikes AI chip deal with TikTok owner ByteDance (more)
American Airlines picks SpaceX’s Starlink for in-flight Wi-Fi (more)
Uber, Lyft drivers in Massachusetts form first US ride-share union (more)
Lyft is coming for corporate travel (more)
OpenAI's Altman says AI unlikely to lead to 'jobs apocalypse' (more)
Insurance mogul Lindberg gets 12 years for $2 billion fraud (more)
- We’re on a Short Break -
Dealflow, Crypto, and Bullish sections
will resume on Monday, June 1, 2026.
DAILY SHARES
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