Presented by StartEngine

CLOSING BELL
S&P 500 Below 6k As War Threats Bellow

Well, one week later, and we closed back below 6k again, didn’t we?

The market fell Tuesday as Trump left the G7 early to deal with situation room talks to address the ongoing hostilities between Iran and Israel. The president, eager to uphold an alliance but keep the U.S. out of another war, personally threatened Iranian leader Ayatollah Ali Khamenei, and demanded immedieate surrender, while Iran clapped back, and said they were preparing U.S. targets if the incoming naval strike group, or any other American attack for that matter directly hits Iran.

Outside of war, Census Bureau data showed retail sales fell nearly twice as much as expected in May, as tariff-weary consumers pulled in their purse strings.  👀

Today's issue covers solar stocks hit hard by Senate tax bill cuts solar stocks to pieces, JetBlue’s terrible outlook pulled airlines out of the sky, and what to expect from the FOMC meeting Wednesday. 📰

With the final numbers for indexes and the ETFs that track them, 1 of 11 sectors closed green, with energy $XLE ( ▲ 0.93% ) leading and discretionary $XLY ( ▼ 1.72% ) lagging.

S&P 500 $SPY ( ▼ 0.86% ) 5,982

Nasdaq 100 $QQQ ( ▼ 0.98% ) 21,719

Russell 2000 $IWM ( ▼ 1.05% ) 2,101

Dow Jones $DIA ( ▼ 0.74% ) 42,215

STOCKS
Solar Stocks Hit Hard By Senate Tax Bill Cut ☀️ 

Solar stocks tumbled after the Senate proposed ending wind and solar tax credits by 2028, triggering sharp declines in Enphase Energy, SolarEdge, and Sunrun. $RUN ( ▼ 40.04% ) was the worst hit, followed by $ENPH ( ▼ 23.97% ) $NOVA ( ▲ 7.94% ) and $FSLR ( ▼ 17.89% ).

Despite aggressive lobbying, the most recent editions of the tax bill currently finding its way through the Senate see solar credits expiring after 2028.

The American Clean Power Association said the bill “would increase household electricity bills and threaten hundreds of thousands of jobs across the country.”

SPONSORED
StartEngine’s $30M Q1 — Own a Piece Before June 26

Private markets are having a moment. More investors are chasing early access to high-potential companies they believe in before the IPO buzz hits.

StartEngine is making those connections possible. The leading alternative investing platform is helping everyday investors like you access deals once reserved for VCs and insiders, including exposure to private market titans like OpenAI, Databricks, and Perplexity.¹

How’s it going? In Q1 2025, StartEngine pulled off $30M in revenue, its biggest quarter ever (based on unaudited financials).² Founders are using to the platform to raise capital outside the VC echo chamber. And investors? They’re showing up to tap into pre-IPO value.

But StartEngine isn’t just a middleman. The company earns 20% carried interest on select pre-IPO offerings. So when the companies on its platform win, StartEngine (and its shareholders) win too.³

How can you tap into this diversification play? By investing in StartEngine.

StartEngine has crowdfunded $85M+ to date, and you can get involved before the company’s current round closes on June 26.

If you believe in a future where private investing is more accessible and more rewarding, now’s the time to be part of it. Join the 45K+ shareholders who have backed the future of finance by investing in StartEngine.

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

COMPANY NEWS
JetBlue’s Outlook Pulled Airlines Out Of The Sky 🛬 

JetBlue warned that breaking even in 2025 is unlikely. The firm cited weak travel demand and announced cost-cutting measures, including grounding some Airbus jets and reducing off-peak flights.

Chief Joanna Feraghty told staff the airline is trying to make cuts wherever it can, a year after a failed attempt to acquire Spirit Airlines. CNBC reported the staff note, sending $JBLU ( ▼ 7.88% ) falling.

“We’re hopeful demand and bookings will rebound, but even a recovery won’t fully offset the ground we’ve lost this year and our path back to profitability will take longer than we’d hoped. That means we’re still relying on borrowed cash to keep the airline running,” Geraghty said.

One small note pulled down the rest of the airline industry stocks as well.

$UAL ( ▼ 6.18% ) and $DAL ( ▼ 4.33% ) extended declines, already on sell-off watch following a major Air India crash and flight closures during the Iran Air war campaign.

EXPECT DEATH AND INTEREST RATES
FOMC Meeting And Economic Projection on the Way 🫥 

Fed officials remain undecided on rate cuts, with the culmination of June's day meeting and rate decision due Wednesday at 2 pm.

Despite constant healing from the Trump administration, the FOMC has held firm with its ‘let’s wait and see’ point of view on rates, about six months after the last time the committee cut rates in December.

The FOMC will display its famous dot plot projection, where members predict inflation and interest rates will end up in the coming year. Back in September ‘24, the plot showed up to four cuts this year, but the most recent graph in March predicted two cuts this year. The plot is a big dartboard that FOMC members throw their predictions onto and the financial media world tries to make sense of, as I wrote in a May edition of the Daily Rip.

In September, they saw rates near 3% by Christmas ‘25, but in March, they huddled closer to the 4% line, with two 25 basis point cuts.

Chair Jerome Powell has made it clear he wants to wait and see if tariffs bring on inflation or a slowdown, before checking if underlying inflation is moving, and only then deciding on a cut. 🔪 

Most Fed speakers on the committee have agreed with Powell, though Fed Governor Waller from New York has said he supports a ‘look through’ technique for gauging inflation… It’s just that he does not expect to be able to look through before September.

In a May speech at the Bank of Korea conference, Waller said he could see a ‘good news’ cut later this year if tariff price changes were temporary.

The decision tomorrow comes during a politically loud time for monetary policy. Powell’s term as FOMC governor is up next year, and rumors floated for a replacement, along the lines of Treasury Secretary Scott Bessent, which emerged about a week ago. Bessent has become the executor of Trump’s tariff policy and could play a similar role as head of the monetary policy committee.

The futures markets tracked by CME show less than a 1% chance the Fed will cut tomorrow, but Stocktwits users are slightly more optimistic. 😎 

POPS & DROPS
Top Stocktwits News Stories 🗞️ 

Eli Lilly agreed to acquire Verve Therapeutics for up to $1.3 billion, expanding its gene-editing pipeline with therapies targeting cholesterol regulation. Verve climbed 81%. Read more

Waymo expanded its robotaxi services into more areas of the San Francisco Bay, Los Angeles, and Silicon Valley, increasing coverage for autonomous ride-hailing. Read more

Exxon and Chevron stocks rose over 2% as oil prices climbed more than 3% amid escalating Israel-Iran tensions, with Brent crude nearing $75 per barrel. Read more

Air India's Boeing 787 fleet passed regulatory safety inspections, with India's DGCA finding no major concerns despite the recent Ahmedabad crash. Read more

Walmart is integrating Vizio TVs into its retail strategy, enabling viewers to purchase products directly through their screens as part of its $2.3 billion acquisition. Read more

Goldman Sachs upgraded XPeng to "Buy" with a $24 price target and raised Nio to "Neutral," citing improved cost structures and new product strategies. Read more

Elon Musk's xAI is seeking $4.3 billion in equity funding as it burns through cash, adding to its ongoing $5 billion debt raise. Read more

Chase’s Sapphire Reserve credit card saw a fee jump 45% to $795, with JPMorgan Chase adding perks like a $500 hotel credit, a $300 dining credit, and free Apple TV+ and Apple Music subscriptions. Read more

FDA launched a priority review voucher program to cut drug application review times from 10-12 months to as little as 1-2 months, using a team-based "tumor board-style" approach. Read more

JPMorgan partnered with Chainlink and Ondo Finance to complete the first atomic cross-chain Delivery-versus-Payment (DvP) settlement, demonstrating a new approach to tokenized asset transactions. Read more

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

PRESENTED BY STOCKTWITS
Why the Market Never Goes Down: Kenny Glick on VWAP, Cynicism & Trading Truths

Kenny Glick returns with a brutally honest and wildly insightful take on today’s markets — and why the market never really goes down.

In this episode:

Kenny dives straight into his signature VWAP-driven trades on $SRAD, $SEDG, and $SRM. He unpacks how most stocks are garbage, shorting is dead, and why day trading with VWAP is the antidote to market manipulation.

Learn how his background in boiler rooms turned him into a jaded, cynical trader — and how that led him to discover the one true thing in trading: VWAP never lies. Real trades, real psychology, real talk. Kenny walks through the “faux-show-bro” setup, defines exact risk-reward zones, and explains why trading is no longer about guessing — it’s about letting price and VWAP tell the story.

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Building Permits (May), Continuing + Initial Jobless Claims (8:30 AM), Crude Oil Inventories (10:30 AM), Atlanta Fed GDPNow (Q2) (11:30 AM), FOMC Statement + Fed Interest Rate Decision (2:00 PM), FOMC Press Conference (2:30 PM). 📊

Pre-Market Earnings: Aurora Cannabis ($ACB), LiveOne ($LVO). 🛏️

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 🌐

👪️ Want To Start A Family Trust? Learn more about what family trusts are used for and how to set one up, with SmartAsset *

😨 Why the Fed Isn’t Cutting Rates Despite Cool Inflation👀

📱 Trump’s $499 smartphone will likely be made in China

🛍️ Retail sales slide in May on lower gas, auto sales amid tariff uncertainty

⚠️ Trump leaves G7 with UK trade deal in hand, stalled EU talks, and 'tough' Japan

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

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Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍

Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋