CLOSING BELL
Welcome To June, Now Get Out

Alright fine, welcome to July, and the second half of a wild year. Tuesday, while the Dow rose, the S&P 500 and Nasdaq pulled back from a nearly seven-session climb, as investors took profits from record prices.

Prices climbed after morning comments from Fed Chair Powell, who said without tariffs, the FOMC would be looking at rate cuts. Instead, the plan went on hold.

Aboard Force One, the president said that the July 9th deadline for new trade negotiations remains in effect. However, the initial goal of 90 deals in 90 days has quickly evolved into a handful of framework ideas and disagreements.

The Senate also passed the GOP spending and tax bill with Senate President JD Vance casting the final vote, sending the thousand-page document back to the House for a final look. Oh, and Musk and Trump are at each other’s throats in what has become an on-again, off-again relationship for the ages. 👀

Today’s issue covers ‘IPO Summer,’ more like ‘Pre-IPO Summer,’ spicy car sales data, analyst updates, and more. 📰

With the final numbers for indexes and the ETFs that track them, 10 of 11 sectors closed green, with materials $XLB ( ▲ 2.59% ) leading and tech $XLK ( ▼ 0.89% ) lagging.

finviz.com/map

S&P 500 $SPY ( ▼ 0.03% ) 6,198

Nasdaq 100 $QQQ ( ▼ 0.84% ) 22,478

Russell 2000 $IWM ( ▲ 1.03% ) 2,197

Dow Jones $DIA ( ▲ 0.96% ) 44,494

STOCKS
IPO Summer Is Turning Into Pre-IPO Summer 😁 

In fresh IPO news, Figma, an easy-to-use image editing software, filed a prospectus Tuesday to go public on the NYSE under the symbol FIG.

It’s great news for Figma heads: way back in 2023, the firm had to cancel plans for a $20 billion acquisition by Adobe due to EU regulatory pressure.

In the firm’s filing, it said it pulled in $225M in revenue for Q1, up 46% YoY, raked in from a base of about 450,000 customers as of March 31. The firm was valued at $20B by Adobe, and last year for about $12B, but it’s unclear how it will price its shares or when it will hit the market for trading.

It’s not the first major firm to join the public markets. Circle started trading in June alongside Chime, following Hinge Health and eToro in May and CoreWeave in March. It also will certainly not be the last; Klarna and StubHub have also filed for IPOs so far this year.

Investors might not have to wait that long to start trading, though. In the final weeks of June, it became clear retail investors had more options than ever to invest in pre-IPO firms.

Republic launched pre-IPO investing for SpaceX last week, and on Monday, Robinhood offered something similar using tokenized shares for OpenAI in the EU. Today, Republic announced the addition of pre-IPO investing for Anthropic and Epic Games. Both firms provide blockchain tokens for stock-like buying, in an asset class previously reserved for only the wealthiest and ‘credited’ investors. 🕹️ 

Republic claims to have underlying shares lined up, but is basically selling options on future delivery of stock, which, to many degenerate stock market buyers, is already good enough. 😅 

It’s a hot year for IPOs, according to data provided by Finchat

STOCKTWITS EDGE INSIGHTS
Retail Is Charged Up About Luckin Coffee ($LKNCY) ☕️ 

China-based coffee chain Luckin Coffee is back on retail’s radar after opening its first U.S. stores in New York City. The fundamental news helped spark a breakout to multi-year highs in the stock, and Stocktwits Sentiment implies retail is betting on even higher prices ahead.

Stocktwits Sentiment and Message Volume have been rising steadily since mid-May, before prices began to move higher. Now, sentiment is at its highest level of the year, sitting firmly in ‘Extremely Bullish’ territory as the stock picks up steam. 🚂 

Source: Stocktwits.com

This social signal appears to confirm the stock’s breakout to nearly five-year highs. Shares are now firmly above their 2024 weekly closing highs near $35.80 and look to be targeting the $50 all-time highs made just before the pandemic. These factors will likely keep the stock atop the Stocktwits trending list this week. 👀 

Source; TradingView.com

Add $LKNCY to your watchlist to monitor this setup. More importantly, to source these trade ideas yourself, subscribe to Stocktwits Edge to unlock all the historical sentiment data for equities and crypto. 🔓️ 

INDUSTRY NEWS
Spicy Car Sales Show Consumer Loved Auto In Spring, But Meh To Summer 🫀 

So it’s July, a thunderstorm just hit Wall Street, and there is a charge in the air…. a Car sales charge. ⚡️ 

The major automakers, including Ford, GM, and Toyota, as well as the rest of the industry at large, reported their latest quarter’s sales on Tuesday. According to the Wall Street Journal, some brands showed a slowdown in June compared to March and April.

Still, the quarter overall showed a major consumer push to beat incoming tariff pricing:

 Ford posted a 14.2% jump in U.S. Q2 sales to 612,095 vehicles, driven by strong demand for trucks and SUVs, while EV sales dropped over 30%. Toyota reported a 7.2% YoY rise in U.S. Q2 sales to 666,469 vehicles, driven by a 30% surge in electrified models, which made up nearly half of total volume. GM stock rose nearly 5% after reporting a 7% jump in U.S. Q2 sales to 746,588 units.

It’s not all roses, though. Even as EV competitors like BYD make inroads in the EU, Tesla has not maintained its massive lead in sales this year. Sales in Q1 dropped nearly 10%, and EU registrations in May fell 27%.

The firm is expected to release its results on Wednesday. Analysts were not very positive about the upcoming release, expecting 11% fewer deliveries than last year, at nearly 400,000 units.

Chief Musk has returned to work spearheading the company, and the firm’s quiet guided self-driving tests in Austin are doing fine, but Musk can’t seem to stay out of trouble.

Tuesday, Musk reignited his feud with President Trump, prompting Tesla investor Ross Gerber to criticize Musk’s “absurd” attacks and support Trump’s threat to investigate subsidies received by Musk-led companies.

$TSLA ( ▼ 5.34% ) fell after Musk criticized the incoming GOP tax bill, to which Trump replied that he would again look into cutting the government contracts Musk’s firms enjoy, and even considered deportation for the naturalized South African businessman. ☠️ 

SPONSORED
IQSTEL, Inc. (Nasdaq: IQST) Hits $101.5 Million in Preliminary Net Revenue for Jan-May 2025.

IQSTEL, Inc. (Nasdaq: IQST) $IQST $101.5 Million Preliminary Net Revenue for Jan-May 2025 Puts AI Telcom Leader On Track to Meet $340 Million Annual Forecast:

IQST Delivers Diversified Business with Divisions Focused on Telecommunications, Fintech, Electric Vehicles, Artificial Intelligence and More.

IQST Has Organic Growth, Acquisitions and High-Margin Product Expansion. New IQST Rebrand Program with Expansion into Fintech, AI and Cybersecurity to Address Challenges Across Multiple Industries.

IQST and CYCU Announce the Advancement of Their Strategic Partnership to Serve the Global Cybersecurity Market with AI-Powered Platform.

$IQST and $CYCU are launching “Cyber Shield,” a white-label cybersecurity platform that major telecom carriers can offer to their own customers

For more information on $IQST visit: www.iQSTEL.com

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. https://corporateads.com/disclaimer/ Disclosure listed on the CorporateAds website

POPS & DROPS
Top Stocktwits News Stories 🗞️ 

Amazon missed out on selling the Nintendo Switch 2 in the U.S. after a dispute over unauthorized third-party game sales undercutting Nintendo’s pricing. Read more

Netflix will stream NASA rocket launches and live space content globally via NASA+, expanding its live TV footprint. Read more

Circle applied to establish a national trust bank—First National Digital Currency Bank—to self-custody USDC reserves and align with the GENIUS Act’s stablecoin regulations. Read more

Goldman Sachs stock jumped after passing the Fed’s stress test with the largest capital buffer reduction among major banks. Read more

Palantir ended H1 2025 as the S&P 500’s top performer, with an 80% gain, driven by AI contract wins and an Accenture deal; however, retail sentiment remains cautious. Read more !!!

Bitcoin miner MARA experienced a 25% drop in June output due to ‘storm-related power curtailments’ and equipment setbacks, although retail sentiment remained bullish. Read more

AMC struck a $223M deal with key creditors to refinance debt and convert some notes to equity, triggering a price drop but signaling balance sheet progress. Read more

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

ANALYST UPDATES
Fresh Analyst Coverage On Top Stocks From Stocktwits News

• GMS saw multiple price target hikes to $110 from Barclays, Baird, and Loop Capital after Home Depot announced a $4.3B buyout via its SRS unit, with analysts citing strong synergy and value creation. Read more

• Nike received a “Buy” upgrade from Argus as its stock rebounds on improved e-commerce pricing and inventory management, with analysts citing its long-term dominance in athletic apparel. Read more

• Magnite stock surged 14.3% on heavy volume after Rosenblatt raised its price target from $18 to $39, citing “substantial” benefits from the upcoming Google AdTech antitrust remedy. Read more

• Crocs had its price target trimmed by BofA to $135 due to weaker U.S. wholesale sales, but retained a Buy rating, citing strong potential in foreign markets. Read more

• Disney was upgraded to Buy by Jefferies with a $144 price target, citing upcoming cruise ships and strong content releases as key growth drivers. Read more

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: ADP Nonfarm Employment Change (Jun) (8:15 AM), Crude Oil Inventories (10:30 AM). 📊

Pre-Market Earnings: UniFirst ($UNF). 🛏️

After-Hour Earnings: Zenvia ($ZENV). 🎧

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 🌐

👑 In New York City on July 10th? Join the CMT Association and Stocktwits for our Summer Social, Second Half Outlook Event! *

😨 Lululemon Sues Costco Over Alleged Knockoff Activewear

🏠️ Solar stocks jump, casino names surge, Ford Q2 sales increase

⚠️ EU to Accept Trump Universal Tariff But Seeks Key Exemptions

📺️ Powell confirms that the Fed would have cut by now were it not for tariffs

👀 Bank Stocks Near Record With Buyback, Dividend Boosts on Horizon

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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