Guru Stock Picks
Murray Stahl has made the following transactions:
Stock News
- Semiconductors drive market recovery: The S&P 500 and Nasdaq closed higher as chip stocks, including Marvell Technology (MRVL), Intel (INTC), and Nvidia (NVDA), rebounded from last week's sell-off amid easing geopolitical tensions, while the Dow slipped; Marvell surged after S&P 500 inclusion. Source: CNBC.
- Corning and Amazon ink multibillion-dollar fiber deal: Corning (GLW) shares rose after announcing a multiyear, multibillion-dollar agreement with Amazon (AMZN) to supply fiber optics for AI data centers, creating 1,000 jobs in North Carolina. Source: CNBC.
- Tango, Revolution Medicines report breakthrough pancreatic cancer results: Tango Therapeutics (TNGX) soared after announcing its combination with Revolution Medicines' (RVMD) drug resulted in a 92% objective response rate in pancreatic cancer, supporting plans for a Phase 3 trial. Source: BioSpace.
- AI stocks rebound, led by Nvidia and SK Hynix collaboration: Nvidia (NVDA) CEO Jensen Huang confirmed the company’s new Vera CPU will utilize SK Hynix memory in an expanded partnership, reflecting continued AI infrastructure demand. Source: Fortune.
- Amazon expands U.S. manufacturing in optical fiber: Amazon’s (AMZN) agreement with Corning (GLW) will not only supply critical data center infrastructure but also expand workforce development initiatives in North Carolina. Source: Amazon.
- Global airlines face profit squeeze as fuel costs surge: U.S. airlines spent $6.5 billion on jet fuel in April, up 78% year over year, with the International Air Transport Association sharply lowering the 2026 global profit forecast amid high oil prices stemming from Middle East tensions. Source: AP News.
- U.S. Steel highlights economic impact at Mon Valley Works: United States Steel Corp (X) released a new economic impact study for its Mon Valley Works, emphasizing the facility's importance to local economic development amid ongoing sector consolidation. Source: Pittsburgh Post-Gazette.
- GLP-1 pill competition intensifies ahead of Medicare coverage: Novo Nordisk (NVO) and Eli Lilly (LLY) both reported rising prescription volumes for their oral GLP-1 weight loss drugs ahead of broader Medicare coverage starting July 1, increasing competition in the rapidly growing obesity treatment market. Source: CNBC.
- Zealand Pharma drug setback lifts market leaders: Zealand Pharma (ZEAL.CO) shares tumbled after its phase 3 weight loss drug study showed a high drop-out rate due to side effects, highlighting continued dominance in the obesity market for Eli Lilly (LLY) and Novo Nordisk (NVO). Source: Yahoo Finance.
- Italy’s oldest bank bid sparks consolidation hopes: Intesa Sanpaolo (ISP-IT) made an unsolicited $35.3 billion offer for Monte dei Paschi di Siena (BAMI-IT), escalating a bidding war with Banco BPM (MPI0-DE) for control of Europe's oldest bank. Source: CNBC.
- Crypto sector rebounds as Strategy adds to bitcoin holdings: Strategy (MSTR) bought 1,550 bitcoin worth $101 million after last week's selloff, helping bitcoin climb back above $63,000. Source: CoinDesk.
- Sam Bankman-Fried seeks Trump pardon: FTX founder Sam Bankman-Fried, serving 25 years for fraud, has formally requested a presidential pardon from U.S. President Trump, though the White House declined to comment and Trump previously indicated no intent to pardon. Source: CNN.
- OPEC+ maintains gradual oil output increases as prices cool: Oil prices briefly jumped over 5% after renewed Iran-Israel hostilities but settled higher by 1%, as OPEC+ stuck to modest quota hikes and Iran signaled an end to strikes against Israel for now. Source: CNBC.
- AI factory partnership: NVIDIA and LG Group: NVIDIA (NVDA) and LG Group are partnering to build a large-scale AI factory to advance physical AI, autonomous driving, and AI infrastructure, reflecting rising demand for next-generation AI solutions. Source: NVIDIA Blog.
- Airlines struggle with new engine reliability: Major carriers report that new, more fuel-efficient aircraft engines from manufacturers such as General Electric (GE), Pratt & Whitney (RTX), and Rolls-Royce (BA) are facing reliability challenges, increasing maintenance costs and offsetting expected fuel savings. Source: CNBC.
- Market eyes inflation as households grow more pessimistic: Consumer sentiment declined to its lowest point since early 2023, with nearly half of U.S. households now reporting they are worse off financially than a year ago, as inflation expectations rise ahead of upcoming CPI data. Source: CNBC.
- SpaceX IPO draws mixed investment sentiment: As SpaceX (SPCX) prepares for its record-setting IPO, market professionals offer differing views on whether to invest at debut, citing both historic opportunities and high volatility risks. Source: Business Insider.
- Trump explores U.S. sovereign stake in AI firms: The Trump administration is in discussions with OpenAI and other leading AI companies about a possible government equity stake, aiming to ensure public benefits from AI growth and establish a sovereign wealth fund. Source: CNBC.
- Marvell rallies on S&P 500 inclusion: Marvell Technology (MRVL) jumped after being selected for S&P 500 membership, but analysis indicates most index inclusion gains typically accrue prior to formal entry, with performance often trailing afterward. Source: Yahoo Finance.
- McDonald's worker hospitalized after assault: A McDonald’s employee suffered severe burns after a coworker allegedly threw hot oil on him at a California restaurant; the suspect is in custody and faces multiple felony charges. Source: NBC News.
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Upcoming Earnings
- JM Smucker Co (SJM) will report tomorrow before market open. Analysts estimate EPS 2.53 and revenue 2,259.85 million.
- SailPoint Inc (SAIL) will report tomorrow before market open. Analysts estimate EPS -0.09 and revenue 276.02 million.
- Vail Resorts Inc (MTN) will report today after close. Analysts estimate EPS 9.20 and revenue 1,213.04 million.
- United Natural Foods Inc (UNFI) will report tomorrow before market open. Analysts estimate EPS 0.54 and revenue 7,803.30 million.
- Mission Produce Inc (AVO) will report today after close. Analysts estimate EPS 0.03 and revenue 256.30 million.
Upcoming Dividends
- Assurant Inc (AIZ) goes ex-dividend today for $0.88 (yield 1.32%).
- Stanley Black & Decker Inc (SWK) goes ex-dividend today for $0.83 (yield 4.22%).
- Steris PLC (STE) goes ex-dividend today for $0.63 (yield 1.18%).
- First American Financial Corp (FAF) goes ex-dividend today for $0.55 (yield 3.31%).
- Kontoor Brands Inc (KTB) goes ex-dividend today for $0.53 (yield 2.90%).
Notable Insider Transactions
- Saverone 2014 Ltd (SVRE) — Visionwave Holdings, Inc., a Director, reported buying 1,710,302,400 shares at $4.00 ($6,841.21M total) today.
- Quantinuum Inc (QNT) — -, a Director, reported buying 250,000 shares at $60.00 ($15.00M total) today.
- Innio NV (INIO) — -, a 10% Owner, reported selling 103,500,000 shares at $25.99 ($2,689.97M total) Jun 05.
- Diamondback Energy Inc (FANG) — Sgf Fang Holdings, Lp, a 10% Owner, reported selling 10,000,000 shares at $204.25 ($2,042.50M total) Jun 05.
- BrightSpring Health Services Inc (BTSG) — Kkr Group Partnership L.p., a 10% Owner, reported selling 14,669,771 shares at $58.45 ($857.45M total) Jun 05.
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