Good morning investors! This was a very hectic weekend with the US deciding to strike Iran. We may have some major movements today.
Today we cover:
What to expect this week
Tesla launches robotaxi
Top picks by Morning Download
Want to know when to consider trading stocks like Apple and Walmart? These Stock Hotsheets use 10 years of historical data to uncover key dates and trends—helping you trade with confidence
📊 Economy and News
What to expect this week
Here’s what to keep an eye on this week:
Monday, June 23, 2025
Economic Data: Existing Home Sales (May): Provides insights into the housing market's health; S&P Flash Purchasing Managers Index (PMI) (June): Early indicator of economic activity in manufacturing and services sectors.
Fed Speakers: Federal Reserve Governors: Christopher Waller, Michelle Bowman, Adriana Kugler; New York Fed President John Williams; Chicago Fed President Austan Goolsbee
Key Earnings: FactSet (FDS), Commercial Metals Company (CMC), and KB Home (KBH)
Tuesday, June 24, 2025
Economic Data: Consumer Confidence (June): Measures consumer sentiment, a key driver of economic spending; S&P Case-Shiller Home Price Index (April): Tracks home price trends in major U.S. cities.
Federal Reserve Activities: Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee, discussing inflation and monetary policy.
Fed Speakers: Federal Reserve Governor Michael Barr; New York Fed President John Williams; Boston Fed President Susan Collins; Cleveland Fed President Beth Hammack
Key Earnings: FedEx (FDX), Carnival (CCL), TD Synnex (SNX), and AeroVironment (AVAV)
Wednesday, June 25, 2025
Economic Data: New Home Sales (May): Reflects demand for newly constructed homes.
Federal Reserve Activities: Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee, addressing economic outlook and policy.
Key Earnings: Micron Technology (MU), Paychex (PAYX), General Mills (GIS), and Jefferies (JEF)
Thursday, June 26, 2025
Economic Data: Pending Home Sales (May): Indicates future home sales activity; Gross Domestic Product (GDP) - Second Revision (Q1): Updated estimate of economic growth; Durable Goods Orders (May): Measures manufacturing demand for long-lasting goods; Initial Jobless Claims (Week Ending June 21): Tracks new unemployment claims; Advanced U.S. Trade Balance (May): Early look at trade deficit or surplus; Advanced Retail Inventories (May): Tracks inventory levels in retail; Advanced Wholesale Inventories (May): Monitors wholesale inventory trends.
Fed Speakers: Federal Reserve Governor Michael Barr; Cleveland Fed President Beth Hammack; Richmond Fed President Tom Barkin
Key Earnings: Nike (NKE), McCormick (MKC), Walgreens Boots Alliance (WBA), and Acuity Brands (AYI)
Friday, June 27, 2025
Economic Data: Personal Consumption Expenditures (PCE) (May): The Fed’s preferred inflation gauge, critical for monetary policy decisions; Consumer Sentiment - Final (June): Final reading of consumer confidence.
Fed Speakers: Federal Reserve Governor Lisa Cook; Cleveland Fed President Beth Hammack
Key Earnings: Apogee Enterprises (APOG)
In addition, we must keep an eye on the happenings in the Middle East as Iran could retaliate impacting nearby economies and oil prices.
Global hits:
AI avatars in China made $7.6 million in just 7 hours proving they are more effective than human influencers.
Trump grants TikTok another 90-day extension in enforcement of sale-or-ban law.
Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption.
Home prices: Home prices hit a record $396,500 median, per Redfin, but sellers' asking prices are $26,000 higher, a shift from the 2021-2022 boom when sales exceeded asking prices. Despite a growing inventory favoring buyers, high mortgage rates and low pre-pandemic inventory levels continue to pressure homebuyers.
Trump says America has ‘too many’ national holidays; do you agree?
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📈 Stocks
S&P 500 5,967.84 (-0.22%)
DJIA 42,206.82 (+0.083%)
NASDAQ 19,447.41 (-0.51%)
BRENT CRUDE 78.96 (+2.54%)
* Prices as of June 23rd, 12:20 AM UTC
Tesla Launches Robotaxi in Austin Amid New Regulations
Tesla rolled out its first driverless robotaxis in Austin on June 22, 2025, charging $4.20 per ride via a new app.
About 10 Model Ys operate in a limited South Congress loop with safety monitors onboard.
Unlike rivals Waymo and Zoox, Tesla relies solely on cameras, raising concerns about performance in adverse conditions.
Texas introduced a permit requirement for Level 4 autonomous vehicles, effective September 1, shifting from its prior no-regulation stance. Analysts see this pilot as critical for Tesla’s valuation, but scaling up will take years.
🔐 Crypto
Bitcoin $100,871 (-1.23%)
Ether $2,228 (-2.94%)
Solana $128 (-2.19%)
Total market cap $3.03t (-2.92%)
* Prices as of Jun 23rd, 12:20 AM UTC
Bitcoin Dips Below $99,000 Amid U.S.-Iran Tensions
Bitcoin fell below $99,000 on June 15, 2025, hitting a one-month low as U.S. strikes on Iran and inflation fears sparked a crypto sell-off.
Ether futures dropped over 5%, with Solana, XRP, and Dogecoin also declining. Over $1.1 billion in leveraged crypto positions were liquidated in 24 hours.
Iran’s threat to block the Strait of Hormuz, potentially pushing oil prices to $100, raised inflation concerns, impacting speculative assets.
Bitcoin’s correlation with tech stocks has risen, and spot Bitcoin ETF inflows stalled as investors turned cautious.
💵 Personal Finance
Morning Download picks top 2025 stocks
Our team has identified top names that are likely to give returns in 2025:
McDonald’s: Up 10% YTD, we think McDonald's still has great potential. The stock is about 13% below its 52-week high. The stock is known for being resilient during downturns and has a solid yield that keeps people interested.
Uber: Uber has a lot to offer, including great growth. Despite increasing competition from the likes of Tesla, it is still going strong and enjoys great margins.
Netflix: This may come as a surprise, but we see Netflix offering great returns (about 10%) this year despite a great performance so far. Its ad-supported plans are growing and now with sports in its arsenal, more growth is expected.
Amazon: Amazon suffered due to tariffs and is still in the red but we believe that the company will overcome the odds and come back roaring, especially since it is reporting great AWS numbers.
Eli Lilly: The consensus 12-month price target for Eli Lilly (LLY) stock is around $1,011 but we expect it to remain under $1,000 this year but grow substantially from the current price of $762. However, medical companies can be quite risky to invest in, but diversification can help your portfolio.
Want more names? Check this week’s PRO issue where we highlighted picks by other experts like Sam Stovall, Chief Investment Strategist at CFRA; David Miller, Co-Founder and CIO at Catalyst Funds; and Jay Woods, Chief Global Strategist at Freedom Capital Markets.
💰 Be a Better Investor
“Expect the best. Prepare for the worst. Capitalize on what comes.”
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👩🏽⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.