Jun 24 2025

🌐 Macro Headlines:

• Middle East Ceasefire: Declared by Trump (Iran–Israel); still some missile activity post-announcement.

• Market Reaction: Optimistic.

  • S&P Futures: +0.8%

  • Dow Futures: +0.8% (above 200-DMA)

  • 10-Year Treasury Yield: 4.36% (+4 bps)

  • Crude Oil: Down sharply (–8% yesterday, –5% pre-market)

  • Gold & Silver: Down 2%

  • Natural Gas: $3.61/MMBtu, –2%

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🚢 Cruise Stocks Rallying:

• Carnival (CCL): +5% pre-market (expected EPS: $0.24, up from $0.11 YoY; revs $6.21B)

• Royal Caribbean (RCL): +2%

• Norwegian (NCLH): +3%

• Viking: +1.2%
  Drop in oil = tailwind for cruise lines.

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✈️ Airlines Up:

• United (UAL): +3.6%

• American (AAL): +3%

• Alaska Air (ALK): +2%

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💡 Stock-Specific News:

• Chewy (CHWY): –1.5% on $1B share offering.

• EQT: Highlighted in Barron’s Energy Insider.

• Snowflake (SNOW): +2% after Morgan Stanley upgrade (Overweight).

• AMD: Price target raised to $175 (from $110) by Melius; MI350 chips could add $20B in GPU sales by 2028.

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📊 Technical Outlook:

• S&P 500 forming a cup-with-handle pattern.

• Watch 5367.8 as key resistance level.

• SPY: +0.7%, lower RS than QQQ.

• IWM (Russell 2000): Still lagging, but also rising.