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CLOSING BELL
Oil Falls, Market Heats Up

The market reacted like there was world peace on Tuesday, after a hastily brokered and twice broken peace deal between Israel and Iran went into place. Both sides reportedly took pot shots at one another, and Trump said neither knew “What the fuck they were doing,” but Tuesday afternoon the ceasfire seemed to hold.

Oil futures tanked on the lack of tanks, and the fuel-fueled equities market climbed to within 1% of an all-time high.

Eyes turned to all the other things to worry about in the market, but with Fed speakers pointing to a summer rate cut, and earnings showing revenue growth, there is plenty of reason to be bullish at the end of June. Of course, July will bring tariff resets and missed rate cut expectations if the FOMC votes to delay. 👀

Today's issue covers Belwether earnings are showing consumers are buying, but trade is wearing shipping down, robotaxi competition is heating up, and more. 📰

With the final numbers for indexes and the ETFs that track them, 9 of 11 sectors closed green, with technology $XLK ( ▲ 1.8% ) leading and energy $XLE ( ▼ 1.3% ) lagging.

S&P 500 $SPY ( ▲ 1.11% ) 6,092

Nasdaq 100 $QQQ ( ▲ 1.53% ) 22,190

Russell 2000 $IWM ( ▲ 1.28% ) 2,161

Dow Jones $DIA ( ▲ 1.19% ) 43,089

STOCKS
Shipping And Cruise Earnings Show Investors Are Learning to Price In Uncertainty 🚢 

In the brief, quiet weeks between the spring and summer earnings seasons, major bellwether firms are still reporting results that are moving the needle.

Carnival stock jumped $CCL ( ▲ 6.91% ) after the cruise line raised its full-year profit forecast to $1.97 EPS and posted record Q2 earnings, driven by strong ticket pricing, onboard spending, and all-time high customer deposits. Read more

It was a surprise. The firm had warned in its past guidance that they were worried about painful tariffs, trade worries, and war that would cause consumer demand for travel and luxury sunbathing on the high seas to fall in 2025. Instead, YoY revenue climbed 10%, and the cruise line said it beat its 2026 fiscal goals 18 months ahead of schedule.

It raised its fiscal year guidance, and said 2026 already had record bookings, even with higher prices.

$FDX ( ▲ 0.12% ) Fedex was not enjoying the same optimism, as the package mover fell after hours, warning global demand was volatile and that it would have to reduce its Asia-to-America shipping lane 35%.

The firm cut its full year 2026 guidance in its Tuesday afternoon report, but at least posted Q4 earnings and revenue just barely above Wall Street Estimates.

FedEx, like UPS, is down about 17% so far this year. The stock fell 5% after hours.

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COMPANY NEWS
Robot Taxis, Coming To Your Own Backyard 🤖 

Ride-hailing services are not going to let Tesla’s self-driving beta tests steal their bread and butter. $UBER ( ▲ 7.52% ) climbed Tuesday after it announced a partnership to launch self-driving Waymo cars in Atlanta. Waymo, a subsidiary of $GOOG ( ▲ 1.04% ) has hit the ground running in the news this spring with their expensive but well-tested self-driving tech.

The start-up said it has achieved over 1M miles in fully autonomous rides, and even last year counted 150,000 paid trips every week, out of its San Francisco hometown.

Tuesday, Uber posted dozens of Waymo cars for self-driving trips across 65 square miles of the Atlanta area.

$LYFT ( ▲ 6.09% ) climbed and it wasn’t even part of the news, instead the stock enjoyed an analyst update. TD Cowen upgraded shares of the ride-hailing company to Buy from Hold and boosted the price target to $21 from $16. TD dubbed Lyft its "Best Smidcap Idea for 2025."

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POPS & DROPS
Top Stocktwits News Stories 🗞️ 

Fed official Raphael Bostic said rate cuts can wait, citing stable jobs and inflation risks, and expects only one cut in late 2025 as businesses prepare to raise prices due to tariffs. Fed official Barr echoed his claims right after the close. Read more

Jerome Powell also spoke, and told Congress the Fed is “well positioned to wait” on rate cuts despite mounting pressure from Trump, citing tariff-driven inflation risks and economic uncertainty. He left a slim opening for a sooner rate cut. Read more

OpenAI is developing a productivity suite with collaborative editing and chat features inside ChatGPT, directly challenging Microsoft Office and Google Workspace. Read more

Amazon-backed Anthropic won a key ruling as a judge deemed its AI training on copyrighted books “fair use,” but it must face a December trial over storing 7 million pirated copies. Read more

Mark Rutte said the U.S. has “total commitment” to NATO under Trump, while backing his push for allies to boost defense spending and calling out Europe and Canada for lagging contributions. Read more

Broadcom stock hit a record high after HSBC upgraded it to “Buy” and raised its price target to $400, citing stronger visibility into its AI-focused ASIC pipeline and rising demand from hyperscalers. Read more

Nektar Therapeutics more than doubled after its eczema drug Rezpegaldesleukin showed significant improvement in a mid-stage trial, with some patients seeing up to 90% severity reduction. Read more

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

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Building Permits (May) (8:30 AM), Fed Chair Powell Speaks (10:00 AM), New Home Sales (10:00 AM), Crude Oil Inventories (10:30 AM), 5-Year Note Auction (12:00 PM). 📊

Pre-Market Earnings: General Mills ($GIS), Novagold Resources ($NG), Paychex ($PAYX), and Winnebago Industries ($WGO).🛏️

After-Hour Earnings: Micron Technology ($MU), and Steelcase ($SCS). 🎧

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. 👍

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⚠️ When to expect results on NYC mayor's race

😨 Circle stock falls 15%, snapping monster rally

📺️ Cease-Fire Appears to Hold After Trump Scolds Israel and Iran

👀 Wall Street bull calls for another 10% rally in S&P 500 by end of 2025

🏠️ Dems join GOP to kill vote impeaching Trump over Iran strikes

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