What Ackman, Bitcoin, and a Health Startup Can Tell You About This Market Cycle

• 📈 Market Indices Update

• 📢 Top 3 Market Stories

• 🔎 Rich & Powerful Are Buying

• 🔥 Underrated & Overrated Stocks

• 📊 One Chart

• 🚀 Biggest Market Movers

• 💹 Next Week in Review

• 📈 ETF Spotlight

• 📈 ETF Spotlight

📈 Market Indices Update

• S&P 500: ↓ 0.7% to 5,767.41 – Fell on tariff threats and fiscal concerns.

• Dow Jones: ↓ 0.6% to 41,714.70 – Dropped amid economic uncertainty.

• Nasdaq: ↓ 1.0% to 18,737.21 – Tech led the pullback.

• Gold (Spot $/Oz): ↑ 1.9% to $3,357.34/oz – Rose as a safe-haven play.

• 10-Yr Treasury Yield: ↓ 0.7% to 4.51% – Fell on bond demand.

• EUR/USD: 1.1369 (+0.04%) – Euro inched higher.

• USD/JPY: ¥142.55 (−0.4%) – Yen gained on risk-off sentiment.

• Bitcoin: ↓ 3.2% to $107,755.43 – Slid on broader market sell-off.

🔍 Summary:
Markets dipped on trade tensions and fiscal worries, boosting demand for safe assets.

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📢 Top 3 Market Stories You Should Care About

1️⃣ Bitcoin Surges Past $110,000 on Regulatory Optimism (Bloomberg)

• Bitcoin $BTC.X ( ▼ 2.32% ) hit a new all-time high as optimism grew over pending U.S. crypto legislation.

• Lawmakers across party lines signaled support for regulatory clarity on digital assets.

• Trading volumes spiked across major exchanges.

Market Reaction: Altcoins rallied, and Coinbase $COIN ( ▼ 3.23% ) stock jumped nearly 7%.

2️⃣ Trump’s Tariff Threats Escalate, Targeting EU and Apple (WSJ)

• Trump floated new tariffs on European cars and electronics, citing "unfair trade practices."

• Apple could face 20% tariffs on foreign-assembled products.

• The EU warned it would respond with proportional measures.

Market Reaction: Apple stock fell 3%; tech and auto sectors slumped.

3️⃣ Trump’s 'Big Beautiful Bill' Triggers Bond Market Revolt (Newsweek)

• The House passed a tax bill projected to add $3.8 trillion to the federal deficit over a decade.

• 30-year Treasury yields spiked above 5% for the first time since 2023; the 10-year rose to 4.6%.

• A weak 20-year bond auction signaled investor hesitation toward U.S. debt.

🔎 Why It Matters: Soaring yields could dampen economic activity, increase debt servicing costs, and undermine the stimulus goal of the tax cuts.

🔎 What 5 Rich & Powerful Are Buying

1️⃣ Bill Ackman’s Pershing Square Buys Amazon Stake

→ Pershing Square acquired a sizable stake in $AMZN ( ▼ 1.04% ) , calling it an “extremely attractive” entry point.
→ Ackman sees long-term upside despite recent pressure on Amazon’s cloud business.

2️⃣ Coupang $CPNG ( ▲ 0.62% ) – Director Buying Big

→ Coupang director bought 1.4 million shares at $26.81/share, totaling $37.5 million.
→ The insider bet boosts investor confidence in Coupang’s growth prospects.

3️⃣ AMD – Chief Commercial Officer Buys Shares

→ Darren Grasby, AMD's CCO, purchased 60,000 shares of $AMD ( ▼ 0.36% ) on May 20.
→ The trade was valued at approximately $9.1 million.

4️⃣ Equifax $EFX ( ▼ 0.27% )  – $3B Share Buyback Announced

→ Announcement came after beating Q1 earnings and revenue estimates.
→ Shares rallied on investor optimism.

5️⃣ IMAX – CEO Rich Gelfond Sells Shares

→ Gelfond sold 100,000 shares of $IMAX ( ▲ 0.22% ) at $27.11, totaling $2.7 million.
→ The sale cut his holdings by 14%, the largest insider sale in a year.

🔥 Underrated Stock of the Week: $OSCR ( ▼ 1.39% ) 

📚 Company Overview: Oscar Health is a digital-first health insurance company targeting the individual and small group markets. Its app-based platform streamlines care access, billing, and customer service, aiming to modernize the U.S. healthcare experience.

📊 Key Metrics:

• Stock Price: $14.17

• Market Cap: $3.6B

• P/E Ratio: 35.4x | Forward P/E: 20.2x

• EV/EBITDA: —-

• Quarterly Revenue Growth: +42% YoY

• EPS: $0.40 | Net Margin: 1.2%

• ROE: 10.4% | Beta: 1.75

• 12-Mo Target: $19.4 (+37%)

• YTD Change: +5.4%

✅ Pros:

• Explosive Revenue Growth: +50% YoY growth + successful market execution.

• Tech Differentiation: digital platform gives it a cost and engagement edge in a manual industry.

• Improving Profitability: The company is now profitable and showing operating leverage.

⚠️ Cons:

• Thin Margins: A 1.2% net margin leaves little room for error.

• Regulatory Overhang: Changes in U.S. healthcare laws or insurance mandates could disrupt growth plans.

• Crowded Space: Faces stiff competition from larger players like UnitedHealth and Humana.

📊 One Chart That Explains Everything

• OpenAI Still Leads - OpenAI holds the largest traffic share but has slightly declined from ~75% a year ago.

• More Competition Emerging - Smaller players like Claude, Perplexity and Grok and are steadily gaining share.

• Google Bouncing Back - Google’s traffic dipped mid-year but has recovered recently.

🚀 Biggest Market Movers

📈 Top 3 Winners

• Intuit $INTU ( ▲ 8.12% ) – Soared after strong quarterly results and raised forecasts.

• Merus NV $MRUS ( ▲ 32.55% ) – Jumped on positive news, likely drug-related.

• United States Steel Corp $X ( ▲ 21.24% ) – Rose sharply due to industry developments or positive outlook.

📉 Top 3 Losers

• Deckers Outdoor Corp $DECK ( ▼ 19.86% ) – Plunged after mixed outlook and tariff concerns.

• Workday $WDAY ( ▼ 12.52% ) – Fell after affirming, not raising, its revenue guidance.

• Enphase Energy $ENPH ( ▲ 4.3% ) – Dropped due to broader sector concerns and missed forecasts.

💹 Next Week in Review

🌎 Key Economic Events

• Wednesday: PCE Inflation Report; FOMC Minutes

• Thursday: Weekly Jobless Claims

📊 Earnings to Watch

• Tuesday: Salesforce ($CRM), HP ($HPQ)

• Wednesday: Nvidia ($NVDA), Snowflake ($SNOW), CrowdStrike ($CRWD)

• Thursday: Broadcom ($AVGO), Dell ($DELL)

💡 X post of the Week:

📈 ETF Spotlight $URA ( ▲ 11.61% ) 

$URA (Global X Uranium ETF) is an ETF that provides exposure to global companies involved in uranium mining and nuclear energy production. It's a targeted play on the rising demand for nuclear power as a clean energy source.

📊 Why It’s Surging

• Up 11.6% this week

• Driven by a growing global recognition of nuclear energy's role in clean energy transition.

• Top holdings include major players in the uranium mining and nuclear sector like Cameco Corp. ($CCO) and NexGen Energy Ltd. ($NXE).