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CLOSING BELL
Peaceful Airstrikes & Wall Street Heat

The market climbed the most in one day as it has for the past month after Monday came and WWIII did not start. Over the weekend, the U.S. dropped bunker-busting bombs on three Iranian Nuclear sites, and the futures market went, “meh.” Monday afternoon, Iran claimed and Qatar confirmed a 14-missile response targeting U.S. bases in the small neighboring nation across the Persian Gulf, but it looks like the brunt of those missiles were shot down.

Crude oil dropped like spent anti-aircraft shell casings after it looked like there would not be a further escalation on Monday, thankfully. Iran has the ~arguably suicidal~ option to temporarily block the Stright of Hormuz and shutter 20% of the world’s Oil transport traffic, but so far they have just clapped back with light air attacks. President Trump said that hopefully, that was the worst of the response, it’s time for peace, and thanked Iran.

Today’s issue covers Tesla’s self-driving tests seem to do fine, Hims and Novo bicker over WeGovy, and more. 📰

With the final numbers for indexes and the ETFs that track them, 10 of 11 sectors closed green, with consumer discretionary $XLY ( ▲ 0.56% ) leading and energy $XLE ( ▼ 1.3% ) lagging.

S&P 500 $SPY ( ▲ 1.11% ) 6,025

Nasdaq 100 $QQQ ( ▲ 1.53% ) 21,1856

Russell 2000 $IWM ( ▲ 1.28% ) 2,132

Dow Jones $DIA ( ▲ 1.19% ) 42,581

STOCKS
Tesla Self Driving Tests Seem To Go Well 🐻 

Tesla was one stock enjoying a banner day for trading, flying 8%, landing the firm’s market cap well over $1T again. The firm launched its invite only self driving trials for a wider Austin, TX audience Sunday, and so far, no one has reported a Texas robo roadkill. /s

Investors rewarded the culmination of a ten-year promise with a healthy climb, and Chief Musk congratulated his team on twitter for the relatively quiet lunch. In the past, Tesla threw flashy tech events, with golden cars, neon-lit tunnels, and dancing people in robot costumes. 🤖 

Instead of flash, a handful of Teslas in a 10-square-mile area in Austin started serving rides to 20 or so influencers with tickets, according to Guggenheim analyst Ronal Jewsikow. Guggenheim has a ‘Sell’ rating on the stock, though Jewsikow said no news was great news, especially regarding cars that might self-drive into the Colorado River, and sink hopes for robotaxis this decade. 🌊 

The stock retook its Musk/ Trump breakup lows, and sits up 35% from its October 10th robotaxi announcement last year.

Stocktwits users are ‘Neutral’ on the stock

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COMPANY NEWS
Hims And Novo Said We Gone’ Be Enemies 💊 

Hims & Hers was falling $HIMS ( ▲ 2.31% ) after a ‘he said she said’ between the online drug provider and Novo Nordisk, the maker of Wegovy and one of the largest pharmaceutical firms in the world. Novo announced Monday that it would end its partnership with Hims to let Hims sell its popular weight loss treatment. 💉 

Not only that, but Novo said Hims was selling an illegal compound of the drug and marketing it as the same thing. The FDA gave Hims a years-long allowance to sell compound versions of weight loss drugs during a supply shortage, but Novo said Hims kept selling knockoffs longer than it should have. After the short-term approval ended in April, Hims was supposed to wean users off their prescription to compounds. 😟 

Hims fell like it was trying to cut weight to fit into an old pair of skinny jeans, but it wasn’t going to take hits lying down. CEO Andrew Dudum said Monday that the Danish drugmaker $NVO ( ▲ 1.45% ) had misled the public, and pressured Hims to ‘steer patients to Wegovy prescriptions, even if it was not in their best interest.

“We refuse to be strong-armed by any pharmaceutical company’s anticompetitive demands that infringe on the independent decision-making of providers and limit patient choice,” Dudum said.

Novo said Hims was selling knockoffs and misleading users, Hims said Novo was misleading users into buying Wegovy, and both stocks fell. 👏 

POPS & DROPS
Top Stocktwits News Stories 🗞️ 

Microsoft introduced its compact Mu language model to power a fast, on-device AI agent for Windows Settings, enabling natural language queries with low latency on Copilot+ PCs. Read more

Crude oil prices tumbled over 6% after Iran’s missile strike on U.S. bases in Qatar, as markets shrugged off supply concerns with no damage to energy infrastructure. Read more

Super Micro dropped over 7% after announcing plans to raise $2 billion through convertible notes maturing in 2030, raising dilution concerns despite bullish retail sentiment. Read more

U.S. House of Representatives banned WhatsApp from all official devices, citing cybersecurity risks, lack of data encryption, and concerns over user data transparency. Read more

Strategy disclosed its smallest weekly Bitcoin purchase in three months, acquiring 245 BTC for $26 million as it continues accumulating without selling common stock. Read more

Quantum Computing stock dropped over 8% after announcing a $200 million private placement to fund growth, acquisitions, and operations. Read more

BNY reportedly approached Northern Trust to discuss a potential merger that could create a $3 trillion investment-management giant, though no formal offer has been made. Read more

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

PRESENTED BY STOCKTWITS
Daily Rip Live: Middle East on Edge, Defense Stocks Surge, and Apple’s (AAPL) AI Identity Crisis

Welcome to Daily Rip Live with Katie Perry, Shay Boloor, and special guest Michael Parekh. Today’s episode takes on a global scale as the crew unpacks market reactions to escalating Middle East tensions, a new digital era in warfare, Apple’s AI dilemma, and a wild day for HIMS stock. If you want global insight, defense stock picks, and real talk on where AI and healthcare are heading, this one’s packed.

Here’s what went down:

🌍 Geopolitics, Iran, and Market Reaction

🛡️ Shay’s “New Age of Defense” Thesis

🚁 Archer Aviation and Adjacency Plays

📉 The Volatility in HIMS

🍎 Apple’s AI Strategy Under Fire

📉 Inflation, Rate Cuts, and What Breaks First

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: CB Consumer Confidence (Jun) (10:00 AM), Fed Chair Powell Speaks (10:00 AM), 2-Year Note Auction (12:00 PM), FOMC Member Williams Speaks (12:30 PM), Fed Vice Chair Barr Speaks (4:00 PM), API Weekly Crude Oil Stock (4:30 PM). 📊

Pre-Market Earnings: Carnival ($CCL), Carnival ($CUK), and TD Synnex ($SNX). 🛏️

After-Hour Earnings: BlackBerry ($BB), FedEx ($FDX), and AeroVironment ($AVAV). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

🛥️ The 6 Miles of Water Keeping Global Markets on Edge

😨 Oil prices are now the stock market’s biggest driver

⚠️ Fed Governor Bowman favors July interest rate cut if inflation stays low

👀 Tesla stock pops nearly 10% after ‘foundational’ robotaxi launch in Austin

🏠️ Iran launches missiles at US military base in Qatar in retaliation for American bombing

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