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CLOSING BELL
No One Likes Peanut Butter Anymore

The market climbed ever closer to retaking all-time highs, but without clarity on trade talks happening this week with China, the massive spending bill hitting the Senate over the head, or a decision on inflation-heightened interest rates, prices are climbing slowly. But it’s June, the weather is fine, and prices are climbing. 👀

Today's issue covers Smuckers Said PBnJ Is Out This Year, Musk Must Be Happy Trump Found A New Fight, and more. 📰

With the final numbers for indexes and the ETFs that track them, 10 of 11 sectors closed green, with energy $XLE ( ▲ 1.45% ) leading and industrials $XLI ( ▲ 0.05% ) lagging.

S&P 500 $SPY ( ▼ 0.29% ) 6,038

Nasdaq 100 $QQQ ( ▼ 0.34% ) 21,941

Russell 2000 $IWM ( ▼ 0.41% ) 2,156

Dow Jones $DIA ( ▼ 0.0% ) 42,866

STOCKS
Smuckers Said PB&J is Out This Year 🥜 

Peanut butter and coffee maker JM Smucker fell Tuesday as $SJM ( ▲ 1.55% ) reported its Q4 ‘24 earnings before the bell opened. The firm beat EPS estimates and missed revenue expectations, but the market reacted to the firm’s dismal outlook.

The Jelly giant gave a 2025 outlook that fell short, expecting per-share profit in the $8.50-$9.50 range for their fiscal year. Wall Street wanted to see at least $10.25.

It wasn’t the only post-earnings stock to fall. $GME ( ▼ 5.31% ) fell about 5% after its post-market report, missing estimates and reporting a 17% drop in YoY revenue.

$GTLB ( ▼ 10.6% ) fell like a rock after its post-market report, down 13% after its Q1 fiscal year revenue beat estimates, up 26% YoY at $214.5M. The firm raised its coming year outlook to a number below the midpoint of Wall Street expectations.

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PRESENTED BY STOCKTWITS
Apple Misses the AI Moment, Meta Chases Super Intelligence, Robinhood Goes After the Babies

Welcome to Daily Rip Live with Katie Perry and Shay Boloor. It’s a quiet week in the markets, but Monday’s show was anything but. Shay starts with a full debrief of “The Great Quantum Debate” episode—what went wrong, what he learned, and why not every hot take deserves airtime. From WWDC reactions to AGI hype cycles, stablecoin IPOs, and the future of creator-led investing, here’s what we covered:

🧠 The Great Quantum Debate Fallout

🍎 Apple’s AI No-Show? WWDC 2025 Lands Flat

🤯 And more!

POPS & DROPS
Top Stocktwits News Stories 🗞️ 

Mark Zuckerberg is personally recruiting a superintelligence AI team at Meta, frustrated with the pace of Llama 4 development and aiming to push toward artificial general intelligence. Read more

Crude oil prices rose 0.90% as U.S.-China trade talks entered their second day in London, fueling optimism over easing export restrictions and rare earth supply chains. Read more

Roblox appointed Naveen Chopra as its new CFO, effective June 30, 2025, succeeding Michael Guthrie, who will transition into a consulting role. Read more

IBM unveiled plans to build the Starling quantum computer by 2029, aiming for large-scale fault tolerance and 20,000 times the processing power of today’s quantum systems. Read more

Insmed shares surged 25% after reporting positive results from a mid-stage trial for its pulmonary arterial hypertension drug, meeting all primary and secondary efficacy endpoints. Read more

Duolingo CTO Severin Hacker sold $5.3 million worth of shares, bringing his total divestitures this year to over $12 million, as the stock fell 3% on Monday. Read more

TSMC reported a 40% year-over-year surge in May revenue, driven by strong AI chip demand, though sales dipped 8% from April amid supply constraints. Read more

Interactive Brokers fell 3.4% after Citi downgraded the stock to Neutral from Buy, citing valuation concerns, while the brokerage raised its price target to $215 from $205. Read more

Snap unveiled its Specs AR glasses, set to launch in 2026, featuring spatial computing, AI-powered interaction, and real-world overlays integrated with OpenAI and Google Cloud’s Gemini. Read more

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

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…EXCEPT DEATH AND TESLAS
Musk Must Be Happy Trump Found A New Fight 

Tesla climbed 5% on Tuesday, near the top of the S&P 500, after it became clear the beef between Chief Musk and President Trump had simmered. Trump said he would not get rid of his ex’s car his gifted red Tesla, and has spent the past couple of days targeting a new frenemy- California Governor Gavin Newsom.

Monday night, LA will greet 700 arriving National Guard members sent in to protect ‘federal assets,’ after weekend protests turned fiery in the late-night hours. Protestors marched mostly peacefully as planned during the day, but when night fell, smaller groups lit fires, clashed with police, and helped ruin Waymo’s downtown self-driving car service Sunday afternoon.

Trump defended his decision to deploy Marines and National Guard troops to Los Angeles amid escalating anti-ICE protests, while California Governor Gavin Newsom filed an emergency motion to block the deployment. Trump even said he supported the call to arrest Newsom, though he admitted Newsom would enjoy the mugshot for the media attention. 📸 

Normally, military units like the Marines don’t deploy stateside. U.S. law generally bars active duty military from deployment against civilians— that’s part of the National Guard’s job. Trump signed a Sunday Executive Order directing US Northern Command to assume control of the National Guard, and send 2,000 soldiers to CA. He also gave the Pentagon the executive order to send in the Marines. 🪖 

Watch the Hands This Time

It is scary to watch a political demonstration turn violent. The move comes after ICE arrests rose under the first five months of the current administration, though actual deportations have decreased since Sleepy Joe’s reign.

Bloomberg reported that LA fires are a welcome distraction from the Musk/administration breakup, and the Medicaid cutting, deficit-increasing bill hammering into the Senate on a July 4th deadline. But hey, what do you think? 🧑‍🚒 

In other news, Treasury Secretary Scott Bessent has emerged as a leading contender to succeed Jerome Powell as Federal Reserve Chair, with President Trump expected to announce his decision soon, according to Bloomberg.

Powell has years left in his Trump-appointed term, but rumors floated over the winter that Trump wants to make a clear successor to speed up any foot-dragging of rate decisions by the FOMC.

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: CPI(May) (8:30 AM), Crude Oil Inventories (10:30 AM), Cushing Crude Oil Inventories (10:30 AM), 10-Year Note Auction (1:00 PM), Federal Budget Balance (May) (2:00 PM). 📊

Pre-Market Earnings: Chewy ($CHWY), J.Jill ($JILL), Victoria’s Secret ($VSCO), SailPoint ($SAIL), and Vera Bradley ($VRA). 🛏️

After-Hour Earnings:  Oracle ($ORCL). 🎧

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 🌐

📰 Upgrade your investing with free access to Leaderboard all week long! Sign in now to try it *

👀 China, US Haggle Over Details as Trade Talks Stretch On

🏠️ Bessent Emerging as a Contender to Succeed Fed’s Powell

⚠️ The US labor market is creating new jobs, but maybe not yours

😨 Marines Arrive in LA as Tensions Grow Over Immigration Raids

📺️ May CPI preview: Inflation expected to tick higher as tariff uncertainty lingers

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