TradingKey

• Platinum prices rebounded following weaker-than-expected US non-farm payroll data. • Ongoing supply deficits contribute to structural tightness in the global platinum market. • Resilient industrial demand supports physical market balance despite automotive sector transitions.

• US nonfarm payrolls rose by 57,000, significantly missing market consensus expectations for June. • Falling US real yields and a weaker dollar fueled the rally in silver prices. • Silver’s price appreciation is supported by persistent industrial demand and constrained global mine supply.

• Weak June nonfarm payrolls prompted investors to reduce Federal Reserve interest rate hike expectations. • Falling Treasury yields and a weaker dollar increased demand for non-yielding precious metals. • Robust industrial demand and a structural supply deficit support silver's long-term price outlook.

• Weak US labor data lowered expectations for Federal Reserve interest rate hikes. • Industrial demand for silver persists amid a sixth year of structural supply deficits. • Thin holiday liquidity and algorithmic buy-stops triggered a rapid rally in silver prices.

TradingKey - As of the Asian session on July 3, gold prices (XAUUSD) extended yesterday's rally, hitting an intraday high of $4,195.52. From a market perspective, gold prices have surged by a cumulative total of over $100 since the release of yesterday's non-farm payrolls data, indicating that marke

US non-farm payrolls for June fell far short of expectations, sending Bitcoin and Strategy prices surging past key resistance levels, with potential for further rebounds in the short term.

Rivian beat Q2 2026 delivery guidance and raised full-year outlook to 70,000 vehicles on the day R2 debuted. RIVN at $18.68 with a double top forming. Is the rally justified or overextended?

Nebius (NBIS) trades at $212 after a 176% YTD rally. Meta’s $27B deal, Microsoft contracts, and NVIDIA backing support a $250 target.

TradingKey - On July 2, Eastern Time, US stocks diverged in the final trading session ahead of the Independence Day holiday. US June non-farm payrolls data came in significantly weaker than expected, easing market concerns over near-term Fed rate hikes and pushing the Dow Jones Industrial Average su

The Nikkei 225 and KOSPI indices both opened lower, with Kioxia plummeting nearly 9% and SoftBank falling over 5%, while Samsung Electronics and SK Hynix bucked the trend to rise.

• Piper Sandler upgraded Mastercard to a strong-buy rating citing robust financial health. • Mastercard joined the Open USD stablecoin consortium to modernize digital payment capabilities. • Preliminary resolution of swipe-fee litigation reduced major legal and financial uncertainty.

• Costco shares rose following recent consolidation and positive institutional investor sentiment. • Membership renewal rates exceed 92%, providing stable and predictable high-margin revenue. • Digitally enabled comparable sales grew over 20% in the latest financial period.

• Bank of America and Scotiabank raised price targets for Merck shares. • Strategic diversification and new drug assets mitigate concerns regarding the Keytruda patent cliff. • Merck continues upward momentum despite terminating an experimental Alzheimer’s drug trial.

• Johnson & Johnson reached a 52-week high amid positive pipeline and oncology portfolio growth. • Easing talc litigation risks and robust underlying fundamentals helped remove previous stock valuation overhangs. • Institutional investors rotated capital into Johnson & Johnson, favoring its strong defensive asset dynamics.

TradingKey - On July 2, Eastern Time, US stock markets will be closed tomorrow for Independence Day. Today's weaker-than-expected non-farm payrolls dampened bets on Federal Reserve rate hikes, but Meta's plan to sell computing power still weighed on trading sentiment, resulting in a continued divergence among the three major US stock indices. The Dow Jones Industrial Average hit another record high, while memory and optical communication stocks led the declines. At the close, the Dow rose 1.14% to 52,900.07 points; the Nasdaq Composite fell 0.80% to 25,832.67 points; and the S&P 500 erased its losses late in the session to close at 7,483.24 points.

TradingKey - As of June 2026, the trillion-dollar club in the US stock market underwent a major shakeup during the month, with the number of global companies boasting a market capitalization of over $1 trillion growing to 16. Among them, the technology sector occupies a prominent position, reflecting strong investor confidence in both the scaling capabilities and long-term growth potential of the AI industry.

• Qualcomm stock declined after Elon Musk denied a rumored SpaceX partnership. • Persistent smartphone market headwinds and chip shortages continue to challenge revenue. • Analysts maintain cautious ratings due to intense competition in the AI silicon sector.

• Institutional investors are rotating capital into McDonald's as a defensive, high-yielding dividend equity. • The company's asset-light franchise model insulates corporate margins from rising inflationary and labor costs. • New leadership aims to accelerate domestic physical footprint expansion and increase market share.

• Analog Devices shares declined due to a broad semiconductor and artificial intelligence sector sell-off. • Macroeconomic uncertainty and institutional index rebalancing contributed to increased stock price volatility. • Technical indicators suggest the stock is currently oversold with a neutral MACD signal.

• Arista shares face downward pressure from premium valuations and sector-wide volatility. • Substantial insider stock sales have raised concerns regarding a near-term valuation peak. • Supply chain constraints and hyperscale customer concentration create risks for future growth.