TradingKey

TradingKey - Tesla launched its robotaxi service in Miami, European registrations doubled year-on-year, and NHTSA closed a 2022 probe. TSLA at $416 heading into July 22 earnings. Here’s the full picture.

TradingKey - On July 7, EST, SpaceX (SPCX) fell to as low as $150.55 during early trading, nearing a break below its first-day listing price again. As of press time, it was down over 5% at $150.85. Notably, SpaceX will be officially included in the Nasdaq 100 Index, becoming the first-ever constituent stock in the index's history with spaceflight as its core business. Despite expectations of passive buying driven by the index inclusion, SpaceX is currently facing lawsuits regarding its core business.

• Stabilizing US interest-rate expectations increased demand for the US dollar. • Mexico’s dovish central bank outlook and stagnant GDP growth weakened the peso. • Trade uncertainty regarding USMCA and geopolitical risks fueled the USDMXN appreciation.

• Micron shares declined due to a sector-wide semiconductor sell-off and profit-taking. • Samsung’s earnings report triggered investor concerns regarding potential long-term memory oversupply. • Morgan Stanley recommended an underweight stance on semiconductors, citing elevated valuation risks.

• Broad semiconductor sector profit-taking is driving downward pressure on Applied Materials shares. • Reduced capital expenditure by key chipmakers threatens future orders for equipment suppliers. • Significant executive insider selling at record-high valuations has increased investor anxiety.

• TSMC shares declined amid a broader sell-off in the global semiconductor sector. • Investor concerns regarding AI capital expenditure profitability triggered industry-wide profit-taking. • Rising energy prices and inflation fears pressured high-valuation technology equities.

• ASML stock declined due to sector-wide sell-offs and underwhelming Samsung Electronics earnings results. • Clients are delaying capital-intensive technology upgrades, slowing ASML’s conversion of order backlogs to revenue. • Geopolitical export control concerns and elevated valuation multiples created significant downward pressure on shares.

• AMD stock dropped due to broader market profit-taking in high-growth technology shares. • Elevated valuations and potential supply-chain headwinds are increasing investor scrutiny of the firm. • Analysts maintain an average price target of $506.23 following recent buy ratings.

TradingKey - On July 7, Eastern Time, geopolitical tensions escalated once again, with two consecutive military conflicts triggering a rebound in oil prices. Following Iran's firing of at least two missiles at several commercial vessels in the Strait of Hormuz, Ukraine launched a drone attack on Russia's largest oil refinery. These successive military conflicts have shattered the recently eased geopolitical environment. Impacted by the two conflicts, both major crude oil futures rose across the board. As of press time, WTI crude oil futures were up 2.49% at $70.26, while Brent crude oil futures gained 2.7% to trade at $74.

TradingKey - SpaceX is in the Nasdaq-100 as of today, July 7. Palantir and Strategy both peaked around their inclusion dates. SPCX at $158 with a $149 floor. Here’s what matters now that the forced buying is done.

TradingKey - Today, SpaceX, just 15 trading days post-listing, is set to be officially admitted to the Nasdaq 100 Index. This makes it the first constituent in the index's history with spaceflight as its core business, breaking the record for the fastest index inclusion of a newly listed stock.

TradingKey - On July 7, Eastern Time, Amazon (AMZN) returned to the U.S. investment-grade bond market, launching an eight-tranche benchmark bond issuance. The company plans to raise at least $25 billion to fund artificial intelligence infrastructure and for general corporate purposes. Amazon's share price ticked slightly higher in pre-market trading, up about 0.62% at the time of writing.

TradingKey - Micron is down 22% from its post-earnings highs at $984. New Anthropic partnership, $22B in non-cancelable contracts, and SK Hynix listing on Nasdaq July 10. UBS says it’s temporary. Burry shorted it.

TradingKey - On July 7, Eastern Time, media reports indicated that Chinese AI startup DeepSeek is independently developing its own AI inference chips, a move that could reduce its reliance on Nvidia (NVDA) and Huawei chips. Following the news, Nvidia shares fell by as much as 2% in pre-market trading. As of press time, Nvidia's pre-market share price stood at approximately $192.62, down 1.5%.

TradingKey - NVDA denied a Kyber rack-scale delay report and shares rose 1%. Goldman calls 21.7x forward P/E ‘compelling.’ At $198 with a short setup, here’s what both sides are seeing.

TradingKey - Anticipation surrounding the release of GPT-5.6 has recently continued to build within the developer community. Polymarket prediction data showed that the probability of the model's official public release today (July 7) once reached 68% to 74.5%.

TradingKey - Micron Technology (MU) shares fell over 5% in Tuesday pre-market trading, dragged down by sharp declines in the share prices of South Korean memory giants Samsung Electronics and SK Hynix.

TradingKey - SK Hynix officially launched the global roadshow for its American Depositary Receipts (ADRs) this Monday. In its latest client report, UBS proposed a highly attractive arbitrage strategy: buy SK Hynix ADRs and short its domestically listed shares in South Korea, characterizing this trade as very low risk and highly scalable.

TradingKey - On July 7, EST, in pre-market trading, the three major US stock index futures showed mixed performance. As of press time, Dow Jones Industrial Average futures rose 0.21%, S&P 500 index futures fell 0.13%, and Nasdaq 100 index futures fell 0.91%.

• Cocoa futures rose due to supply anxieties in major West African producing nations. • Heavy rains in Côte d’Ivoire and Ghana disrupted logistics and increased crop disease. • Côte d'Ivoire's output could fall to 1.8 million metric tons amid structural risks.