Cramer said investors should buy SpaceX $SPCX for their kids
Source: Barchart
911.5 million SpaceX shares worth nearly $100 billion unlock today.
Only about 639 million shares trade freely right now. So the amount unlocking is roughly 1.4 times the entire float. $SPCX is already down 52% from its all-time high with just 4.9% float. Source: Bull Theory
From beta to alpha ?
57% of S&P 500 stocks are beating the $SPX this year, the most in a decade 🤯👀 Source. Barchart, Bloomberg Intelligence
S&P 500 hit $70 TRILLION in total market cap for the first time in history.
500 companies are now worth more than double the entire US economy. Source: Bull Theory
$AMD crashed 12% after hours despite beating on every headline number.
- Revenue: $11.54B vs $11.28B expected - Adjusted EPS: $1.66 vs $1.62 expected - Data center revenue: $6.72B, up 107% year over year - Q3 guidance: $12.7B to $13.3B vs $12.5B expected First, capex came in at $808 million against a $298 million estimate, nearly three times what analysts modelled. The market is no longer rewarding AI spending. It wants to see the revenue. Second, valuation. The market is asking whether today's price already reflects years of exceptional growth. Here's an interesting case made by Oguz Erkan @oguzerkan on X ➡️ Assume AMD can sustain 40% annual revenue growth through 2030. That would imply roughly $200 billion in revenue. With a 40% net margin, net income would reach around $80 billion. Applying a 20x earnings multiple results in a company worth approximately $1.6 trillion. Discounted back to today at a 10% annual rate, that equates to a present value of roughly $990 billion. With AMD already valued at around $845 billion, investors see relatively little room for execution mistakes or weaker-than-expected growth. Third, another concern is that AMD's rapid expansion is closely tied to the current AI infrastructure spending boom. As customers increasingly diversify beyond NVIDIA, AMD has emerged as one of the biggest beneficiaries. However, many investors expect AI capex growth to moderate after 2027, raising questions about how long this tailwind can last. In short, AMD's outlook remains compelling, but its valuation leaves little margin for disappointment. Source: Bull Theory, Oguz Erkan @oguzerkan on X
Big oil is profiting big
Chevron, $CVX, had its best quarter ever. Exxon, $XOM, its best since 2022. Shell, $SHEL, second-highest on record. Source: Hedgeye @Hedgeye Bloomberg
Amazon, $AMZN, becomes the fifth stock to surpass $3 trillion in market cap
Source: Hedgeye
South Korea's benchmark index has seen annualized volatility surge above 60%, nearly twice that of Japan's Nikkei 225.
The Korea Exchange has already triggered emergency circuit breakers nine times this year—compared with just 15 over the previous 26 years. The concentration of Samsung Electronics and SK Hynix, which account for more than half the index, combined with a boom in leveraged ETFs, has amplified market swings. Assets in leveraged ETFs have jumped from $5 billion to over $40 billion in six months, with retail investors holding nearly 90% of them. In response, regulators and the central bank have introduced measures including ETF exposure limits and higher trading costs to reduce volatility. Source: Bull Theory
