The Weekend Rip: June 28
Presented by
The Weekend Rip
Happy Weekend!
AI got stress-tested, memory names whipped around, and defensive sectors quietly did their job. The Nasdaq took the worst of it as chip leverage, IPO math, and capex worries hit the tape, while the Dow and small caps found pockets of strength. Micron revived the AI memory story midweek, but by Friday traders were back to asking whether private valuations, public proxies, and crowded momentum trades could all hold up at once.
Let’s recap and prep you for the week ahead. 📝
Monday 🧱: The S&P 500 and Nasdaq-100 fell 0.3%, the Dow gained 0.3%, and small caps climbed 0.9%. Treasury’s 60-day waiver for Iranian oil pushed crude below $74, but energy stocks rose anyway, making this a rotation day rather than a broad retreat. SpaceX cratered 16% despite a $6.3 billion computing deal, Alphabet lost AI talent, and Micron rallied into earnings on an Anthropic partnership.
Tuesday 🪦: The Nasdaq sank 3.3% as the AI trade cracked, while the Dow stayed flat and seven sectors still finished green. South Korea’s leveraged chip unwind dragged memory stocks lower, sending Micron down 13% one day before earnings. Cerebras sold a near-doubling of revenue on margin pressure, FedEx’s beat could not save the stock, and defensive pharma caught a bid.
Wednesday 🧠: The Nasdaq fell 0.4% while cheaper oil pushed the Dow higher and punished Energy. Micron’s revenue quadrupled, and its $50 billion forecast revived the battered AI trade after hours. Wendy’s became meme-stock dinner while housing names rallied around a bill Trump suddenly refused to sign.
Thursday 🧠: Micron turned the AI memory shortage into the day’s main trade, sending suppliers higher while Apple and Microsoft got hit for being on the wrong side of the bill. PCE inflation hit a 3-year high, keeping the Fed’s hike threat alive because apparently we are doing this again. SELLAS gave biotech traders a binary trial setup, Bayer got a Roundup legal lifeline, and Stocktwits found plenty of ways to make paperwork sound exciting.
Friday 🧾: Markets slipped as AI investors started asking whether private-market valuations can survive public-market math. The pressure hit IPO proxies, chip names, memory winners, and anything leaning too hard on the AI halo. Health care, real estate, and utilities caught the defensive bid while Stocktwits traders picked through OpenAI delay chatter, onsemi’s deal reaction, and ImmunityBio’s Russell-flow squeeze.
🤩 This week’s Stocktwits Top 25 showed how momentum movers fared vs. the indexes.
Here are the closing prices:
SPONSORED BY TRADR ETFS
Three Semi Trading Ideas for the Week Ahead
AI may dominate the headlines, but semiconductors remain the foundation of the technology ecosystem. For active traders looking to express a bullish view on key chipmakers, Tradr recently launched three Cboe-listed leveraged ETFs to add to your watchlist.
MCHU seeks 200% of the daily performance of Microchip Technology (MCHP), a leader in microcontrollers and embedded systems.
NXPX seeks 200% of the daily performance of NXP Semiconductors (NXPI), a major player in automotive and industrial connectivity.
ONX seeks 200% of the daily performance of onsemi (ON), a leading supplier of power and sensing solutions for EVs and advanced electronics.
Whether you’re trading momentum, earnings, AI demand or semiconductor sector trends, MCHU, NXPX and ONX offer amplified exposure to three closely watched chip names.
Tradr’s website explains leveraged ETFs and their significant risks.
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
Investors should carefully consider the investment objectives, risks, charges and expenses of the ETF before investing. To obtain a prospectus containing this and other important information, please visit www.tradretfs.com to view or download a prospectus online. Read the ETF’s prospectus carefully before you invest. Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000941
THE BRIEF
Need a concise summary of what’s going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.
Earnings This Week
Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week.
Economic Calendar
In addition to the above, check out this week’s complete list of economic releases.
ST EDITOR’S PICKS
Links That Don’t Suck 🌐
🇻🇪 Two boys rescued from Venezuela earthquake rubble after days of being trapped
📆 This is not what a risk-off month usually looks like: Chart of the Day
Iran attacks Bahrain and Kuwait following US strikes and threatens to halt talks
Get In Touch 📬
Want to see some change? Email Kevin Travers your feedback; follow him on Stocktwits.
Terms & Conditions 📝
Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋
