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Tesla, SpaceX, and the Battle to Be Musk’s Most Valuable Company
Barrons.com58d agoneutral
Tesla, SpaceX, and the Battle to Be Musk’s Most Valuable Company

SpaceX trading is set to begin, officially making Tesla and SpaceX CEO Elon Musk a trillionaire. SpaceX is worth more to Musk than Tesla, but which company will turn out more valuable to investors is harder to say. Tesla stock was up 0.8% in premarket trading at $402.18 Friday, while and futures were up 0.4% and 0.6%, respectively.

Is Tesla Stock More Valuable Than SpaceX?
Barrons.com58d agoneutral
Is Tesla Stock More Valuable Than SpaceX?

SpaceX trading is set to begin, officially making Tesla and SpaceX CEO Elon Musk a trillionaire. SpaceX is worth more to Musk than Tesla, but which company will turn out more valuable to investors is harder to say. Tesla stock was up 0.2% in premarket trading at $399.86 Friday, while and futures were up 0.4% and 0.5%, respectively.

Stock Futures Up as Investors Await Historic Test of Market by SpaceX
The Wall Street Journal58d agobullish
Stock Futures Up as Investors Await Historic Test of Market by SpaceX

Stock indexes around the world are in positive territory and U.S. stock futures are up. The IPO has shattered records, with SpaceX raising $75 billion, selling 555.6 million shares at $135 each. The rocket maker, which derives most of its revenue from its satellite internet unit and has a nascent artificial-intelligence business, will trade under the ticker “SPCX.”

Stock Futures Fall Ahead of SpaceX Trading Debut as Iran Bump Fades
Barrons.com58d agobullish
Stock Futures Fall Ahead of SpaceX Trading Debut as Iran Bump Fades

Stocks looked set to edge lower on Friday as investors geared up for SpaceX’s trading debut, which comes after the rocket and AI company raised about $75 billion in the largest IPO ever. Dow Jones Industrial Average futures were down by 8 points, effectively trading flat. The three major indexes all surged on Thursday after President Donald Trump said he had canceled plans to strike Iran last night and signaled that peace talks with Tehran were ongoing.

Why Target (TGT) Stock Is Up Today
StockStory58d agoneutral
Why Target (TGT) Stock Is Up Today

Shares of general merchandise retailer Target (NYSE:TGT) jumped 3.3% in the afternoon session after President Trump reversed course on a military escalation against Iran that wiped $1.2 trillion from the market earlier in the day.

Wall Street Strategist: Stock Market Just Became a “Buyer’s Dream” After Recent Pull-Back
24/7 Wall St.58d agobullish
Wall Street Strategist: Stock Market Just Became a “Buyer’s Dream” After Recent Pull-Back

Emily Roland, Co-Chief Investment Strategist at Manulife John Hancock Investment Management, reframed this week’s selloff as an opportunity on Thursday, June 11, on CNBC’s Squawk Box. “We have been on a momentum freight train since the market lows back in late March. Certainly, seeing some overbought conditions, and we weren’t overly surprised here to see a little bit ... Wall Street Strategist: Stock Market Just Became a “Buyer’s Dream” After Recent Pull-Back

Review & Preview: Strike That
Barrons.com58d agoneutral
Review & Preview: Strike That

The market seemed to breathe a sigh of relief on Thursday after President Donald Trump canceled plans to strike Iran, and signaled that peace talks were gaining ground. The Nasdaq Composite Index closed up 2.5%. After the big Iran boost, market attention is now squarely on tomorrow’s SpaceX debut, which will be biggest initial public offering of all time.

Wall Street indexes jump; Trump says strikes against Iran canceled
Reuters Videos58d agobullishVIDEO
Wall Street indexes jump; Trump says strikes against Iran canceled

<body><p>STORY: Wall Street's main indexes ended sharply higher on Thursday, with the Dow adding more than 1.8%, the S&P 500 climbing one-and-three-quarters percent and the Nasdaq jumping more than two-and-a-half percent.</p><p>President Donald Trump canceled planned strikes on Iran and said a peace deal with Tehran could come as soon as this weekend.</p><p>While oil prices dropped sharply, Ben McMillan, chief investment officer at IDX Advisors, warned that inflationary and other economic pressures wouldn't immediately subside.&nbsp;</p><p>"It's not a spring where all of a sudden, once everything is signed and everybody agrees to a ceasefire, inflation magically comes down, even if the price of oil does. You know, supply chains have been disrupted, and not just oil, by the way, too, things like fertilizer, things that impact the food supply. And we're starting to see that percolate through the system."</p><p>Feeding inflation worries, data on Thursday showed U.S. producer prices increased more than expected in May, leading to the largest annual gain in over three years.</p><p>:: Oracle</p><p>Among the day's stock moves, shares of Oracle bucked what was otherwise a strong day for tech stocks, plunging 8.5% after the firm projected capital spending plans for fiscal 2027 above Wall Street estimates.</p><p>And shares of Adobe, down more than 6% at the close, plunged further in extended trading, despite the Photoshop maker raising its annual revenue forecast. The company also announced the departure of its CFO only three months after Adobe's CEO said he would step down.</p><p>And SpaceX priced the biggest-ever U.S. IPO at $135 per share, making Elon Musk’s rocket maker one of the world’s most valuable companies. The IPO raised a record $75 billion, valuing the company at nearly $1.8 trillion, a record for an initial offering. Trading is set to begin on Friday.</p></body>