📈 Market Overview
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Russell 2000 (small caps) is outperforming, up 0.8%.
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Broader market is flat to slightly higher.
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10-year Treasury yield steady at 4.51% after Friday's spike.
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Oil up 0.7%, around $65/barrel.
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Gold slightly down, just below $33.50/oz (likely an error—actual gold is near $2,300).
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Bitcoin and IBIT ETF up 3%, showing potential breakout above $60 and 10-day moving average.
🧠 Stocks in Focus
🔼 Up in Pre-Market
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Rocket Lab (RKLB): +5%, possibly benefiting from uncertainty around SpaceX due to Trump-Musk spat.
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IBIT ETF: +3%, rallying with Bitcoin.
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Circle (CRCL): Stablecoin issuer, +17%, third strong day after IPO.
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Merck (MRK): +1%, positive Phase III trial for cholesterol drug.
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WBD (Warner Bros Discovery): +7%, plans to split into two publicly traded companies.
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Etoro (ETOR): +3%, Goldman Sachs initiates with a buy and $76 price target.
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Walmart (WMT): Edging higher, named top consumer internet pick by Mizuho (target: $115).
🔽 Down in Pre-Market
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McDonald’s (MCD): -1%, downgraded by Morgan Stanley.
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Echostar (SATS): -10%, considering Chapter 11 bankruptcy (owns Dish, Boost, Sling TV).
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Tesla (TSLA): Under pressure, down after a 15% drop last week, downgraded by Baird; concerns over robo-taxi optimism and political tensions.
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Robinhood (HOOD): -3%, fell after not being added to the S&P 500.
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Applovin (APP): -3.5%, also not added to S&P 500 as rumored.
📆 Upcoming Events
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CPI data: Wednesday
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Wholesale prices (PPI): Thursday
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Consumer Sentiment & inflation expectations: Friday (University of Michigan)
🧾 Key Earnings This Week
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Tuesday (pre-market): Core & Main (pipe and valve supplier)
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Wednesday (early): Chewy (CHWY) – breakout stock
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Wednesday (late): Oracle – rallying with AI stocks
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Thursday: Adobe (ADBE) – in a recent downtrend
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