Track market-moving stories before they get noisy

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Sweetgreen, Inc. (SG - Free Report) closed at $8.86 in the latest trading session, marking a -2.32% move from the prior day. This change lagged the S&P 500's 1.65% gain on the day. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.

Shares of the company have appreciated by 12.11% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 4.86%, and the S&P 500's gain of 0.48%.

The investment community will be closely monitoring the performance of Sweetgreen, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of -$0.13, indicating a 35% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $193.39 million, indicating a 4.21% growth compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.62 per share and revenue of $708.46 million. These totals would mark changes of +154.39% and +4.27%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for Sweetgreen, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.79% fall in the Zacks Consensus EPS estimate. Sweetgreen, Inc. presently features a Zacks Rank of #3 (Hold).

Digging into valuation, Sweetgreen, Inc. currently has a Forward P/E ratio of 14.55. This indicates a discount in contrast to its industry's Forward P/E of 20.2.

We can also see that SG currently has a PEG ratio of 1.18. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 1.84 as of yesterday's close.

The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 16% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

In the latest close session, Booz Allen Hamilton (BAH - Free Report) was down 3.69% at $74.55. This change lagged the S&P 500's 1.65% gain on the day. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.

The defense contractor's stock has climbed by 6.52% in the past month, exceeding the Business Services sector's loss of 1.04% and the S&P 500's gain of 0.48%.

The investment community will be paying close attention to the earnings performance of Booz Allen Hamilton in its upcoming release. The company is slated to reveal its earnings on July 24, 2026. On that day, Booz Allen Hamilton is projected to report earnings of $1.49 per share, which would represent year-over-year growth of 0.68%. Meanwhile, the latest consensus estimate predicts the revenue to be $2.81 billion, indicating a 4% decrease compared to the same quarter of the previous year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.23 per share and a revenue of $11.44 billion, signifying shifts of -4.3% and +1.97%, respectively, from the last year.

Investors should also pay attention to any latest changes in analyst estimates for Booz Allen Hamilton. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.07% higher. Booz Allen Hamilton is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, Booz Allen Hamilton is currently trading at a Forward P/E ratio of 12.42. This represents a discount compared to its industry average Forward P/E of 12.56.

One should further note that BAH currently holds a PEG ratio of 4.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Consulting Services industry held an average PEG ratio of 0.96.

The Consulting Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 23% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Nvidia is one of the biggest names in the artificial intelligence (AI) infrastructure space since the mainstream adoption of the technology began nearly four years ago, and that's not surprising, as its chips have played an instrumental role in training popular AI models.

However, the AI infrastructure ecosystem has expanded beyond Nvidia. Several companies are witnessing phenomenal growth in their businesses due to significant investments in AI data centers. Applied Digital (APLD +8.83%) is one such company. Its stock has jumped 282% over the past year, well above the 44% jump in Nvidia stock over the same period.

The good news is that it isn't too late to buy Applied Digital stock, as the company has a massive revenue pipeline that keeps getting bigger. Let's see why this AI infrastructure stock has room to run higher.

Image source: Getty Images.

Applied Digital's business model sets the company up for solid long-term growth Applied Digital is a pick-and-shovel AI infrastructure company. It designs, builds, and operates dedicated data centers for running AI and high-performance computing (HPC) workloads. The company builds data centers in line with the requirements of hyperscalers and neocloud companies and generates lease revenue by operating those data centers.

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Applied Digital recently announced that it has signed a new long-term lease agreement to build an AI factory for a U.S.-based hyperscaler. The company will provide 210 megawatts (MW) of cloud computing capacity to this hyperscaler over 15 years for $5.2 billion. Applied Digital adds that this contract could extend to 30 years, potentially generating $12.7 billion in lifetime lease revenue if its customer exercises all the renewal options.

What's worth noting is that this is the third long-term lease that Applied Digital has entered into with this particular hyperscaler. The AI infrastructure specialist now has contracts to build five AI factory campuses. It expects to generate $36 billion in lifetime lease revenue in a base-case scenario from all of its contracts.

Applied Digital points out that its lease revenue pipeline could jump to $86 billion if all the renewal options are exercised by its existing customers. Not surprisingly, the company's growth is expected to take off, paving the way for more upside.

The company is at the beginning of a massive growth curve Applied Digital's revenue in the recently concluded fiscal 2026 (which ended last month) is estimated to have jumped by 96% to $422 million. The phenomenal lease pipeline explains why analysts are anticipating a significant acceleration in the company's revenue growth.

Data by YCharts

Applied Digital can sustain such outstanding growth beyond the next couple of fiscal years by building more data centers, which should allow it to convert its lease agreements into revenue. Of course, the stock is expensive at 35 times sales, but it has a strong enough pipeline to justify that multiple.

That's why it isn't too late for investors to buy Applied Digital, as this AI infrastructure play is just getting started.

MILWAUKEE, June 15, 2026 /PRNewswire/ -- Ademi LLP is investigating possible breach of fiduciary claims against Fiserv (NASDAQ: FISV). The investigation results from recent announcement, investigations and lawsuits against Fiserv.

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On June 15, 2026, Fiserv announced that its CEO and board member Michael P. Lyons was resigning effective immediately. The investigation focusses on whether the board of Fiserv has breached its fiduciary duties to shareholders.

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SpaceX (SPCX +19.79%) completed the largest initial public offering (IPO) in history on June 12, initially raising about $75 billion, with proceeds later reaching $85.7 billion after underwriters exercised the greenshoe option. Shares priced at $135, opened higher, and closed their first day near $161 -- a gain of about 19%. And they've kept climbing. As of this writing, the stock trades near $188, up about 17% Monday.

That run has handed Elon Musk's rocket and satellite-internet company a market value of about $2.5 trillion -- enough to rank it among the 10 most valuable companies in the world, ahead of Tesla and behind only a handful of larger technology companies. For a business that lost money last year, that is an extraordinary price.

Here's a closer look at the case for buying SpaceX after its record debut, as well as the reasons for caution.

Image source: The Motley Fool.

A powerful catalyst SpaceX is still best known for landing rockets. But that stopped being the financial story some time ago. The company reported revenue of about $18.7 billion in 2025, up 33% from a year earlier, and the bulk of it came from Starlink, its satellite-internet service.

Starlink's 2025 revenue rose about 50% to $11.4 billion -- more than 60% of the company's total. Even more, it's profitable, generating about $4.4 billion in income from operations for the year.

And Starlink ended 2025 with about 9 million subscribers, about double the year before, and surpassed 10 million by the end of March.

The launch business is smaller and growing more slowly, with revenue rising about 8% in 2025, to about $4 billion. SpaceX flew well over 100 Falcon 9 missions during the year, though the bulk carried its own Starlink satellites rather than paying customers.

Then there's the company's more aspirational projects. In February, SpaceX absorbed Musk's artificial intelligence (AI) company, xAI, folding its Grok chatbot and a fast-growing compute business into the company. Further, SpaceX has floated an even bigger idea: putting AI data centers in orbit.

"We expect to begin deploying our orbital AI compute satellites as early as 2028," SpaceX said in its IPO prospectus.

Ultimately, though, Starlink will be the near-term driver for the business. Sure, these other ventures within SpaceX could eventually provide substantial operating cash flow for the rest of the business. But growth initiatives like these are unprecedented, and guessing their future impact on the overall business is difficult, if not impossible.

A staggering valuation Further, justifying the stock's valuation is not easy.

SpaceX lost about $4.9 billion in 2025. The drag was the AI segment, which posted an operating loss of more than $6 billion as it spent heavily on computing power. The space and connectivity segments, by contrast, were both profitable on a segment-adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis.

There are some key risks to consider as well.

First of all, SpaceX listed with a dual-class structure that gives Musk about 82% of the voting power while he holds something closer to 40% of the equity. This means that public investors get economic exposure to the business, but little say in how it's run.

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And then there's the valuation.

SpaceX doesn't yet turn a profit, so there's no price-to-earnings ratio to anchor on. Measured against sales, the growth stock trades at a price-to-sales ratio far north of 100 -- a multiple that assumes Starlink keeps compounding and that the money-losing AI bet eventually pays off.

So, where could the stock go from here?

Over a multiyear horizon, I think the business has a real shot at growing into something far larger. Starlink is scaling quickly, already generating operating income, and the launch and orbital-compute opportunities are enormous. But at this price, the stock arguably already reflects years of flawless execution.

For now, however, I'd rather watch than chase the debut. After all, even a remarkable business can make for a poor investment if the entry price is high enough.

The SpaceX logo and a rising stock graph are seen in this illustration created on June 5, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

June 15 (Reuters) - SpaceX (SPCX.O), opens new tab will release quarterly and annual financial results, besides other material ​news, only through its website and ‌social media account on X and not through wire distribution services, it said in a filing on Monday.

The ​move marks a departure from standard ​corporate communication practices, which typically involve newswire ⁠services like Business Wire or PR Newswire ​to reach a broad audience of investors and ​media outlets.

The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.

SpaceX said it "encourages members of the investment community, the media, and others to follow" its investor relations ​page on its website and its X ​account to review the information disclosed through those channels.

Shares of ‌the ⁠company closed around 19% higher on Monday. They were up about 2% in extended trading.

Earlier in the day, the company said its underwriters had ​exercised the "greenshoe" ​option to ⁠purchase additional shares, increasing the total proceeds from its initial public ​offering to $85.7 billion.

Elon Musk's rocket, AI ​and ⁠internet conglomerate had raised a record $75 billion through the sale of 555.56 million shares at $135 apiece, becoming the largest IPO ⁠in ​history even before the greenshoe ​option was exercised.

Reporting by Sriparna Roy and Jaspreet Singh in ​Bengaluru; Editing by Anil D'Silva and Leroy Leo

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Marley Kayden discusses SpaceX (SPCX) rallying in its first full day of trading, with a record-setting IPO. Sam Vadas highlights continued pressure on homebuilder stocks as investors weigh affordability concerns and signs of slowing housing rates.

VanEck Space Innovators UCITS ETF (VSPIF) is rated HOLD due to extraordinary recent gains and high concentration risk. VSPIF offers pure-play exposure to the commercial space economy, but currently lacks SpaceX, with potential inclusion not before September. The ETF's 253% one-year return is attributed to sector hype, not steady fundamentals, and future returns are expected to be more volatile and modest.

Alphabet (GOOGL - Free Report) ended the recent trading session at $368.56, demonstrating a +2.47% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.

Prior to today's trading, shares of the internet search leader had lost 9.35% lagged the Computer and Technology sector's gain of 0.33% and the S&P 500's gain of 0.48%.

Investors will be eagerly watching for the performance of Alphabet in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.86, indicating a 23.81% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $101 billion, reflecting a 23.59% rise from the equivalent quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.3 per share and revenue of $422.05 billion, indicating changes of +32.28% and +23.08%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for Alphabet. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.05% upward. At present, Alphabet boasts a Zacks Rank of #3 (Hold).

Looking at valuation, Alphabet is presently trading at a Forward P/E ratio of 25.15. This indicates a premium in contrast to its industry's Forward P/E of 16.27.

Meanwhile, GOOGL's PEG ratio is currently 1.54. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.67.

The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Microsoft Corporation (“Microsoft” or the “Company”) (NASDAQ: MSFT) on behalf of investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON MICROSOFT CORPORATION (MSFT), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.What Is The Investigation About?On January 28, 2026, Microsoft announced disappointing results.

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SummaryAdvanced Micro Devices is positioned for high growth as AI adoption drives a shift toward greater CPU demand in data centers.I reiterate a "Strong Buy" rating on AMD with a $661 price target, supported by a projected 35%+ annual CPU TAM growth to $120 billion by 2030.AMD’s EPYC CPUs and strategic partnerships, including Meta’s 6GW GPU deal, underpin margin-accretive revenue and operating leverage.Despite premium valuation at 22.54x P/S, AMD’s capital allocation, robust balance sheet, and accelerating share repurchases support the forward growth thesis. imaginima/iStock via Getty Images

Advanced Micro Devices (AMD) is gearing up for a period of high growth as the market transitions more heavily into agentic AI utilization, moving from proof-of-concept towards enterprise-wide adoption. With the expectation of increasing CPU dependency for low-power & low-cost compute capacity to

7.38K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, INTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Nvidia is selling at least $20 billion worth of debt, as the U.S. government is projected to borrow about $2 trillion. Is the market headed for a capital squeeze?

Netflix (NFLX - Free Report) closed at $81.68 in the latest trading session, marking a +1.66% move from the prior day. This change outpaced the S&P 500's 1.65% gain on the day. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.

Heading into today, shares of the internet video service had lost 7.68% over the past month, lagging the Consumer Discretionary sector's gain of 1.52% and the S&P 500's gain of 0.48%.

Analysts and investors alike will be keeping a close eye on the performance of Netflix in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.79, reflecting a 9.72% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $12.57 billion, up 13.48% from the prior-year quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.6 per share and a revenue of $51.41 billion, representing changes of +42.29% and +13.77%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Netflix. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Netflix is carrying a Zacks Rank of #3 (Hold).

In the context of valuation, Netflix is at present trading with a Forward P/E ratio of 22.33. This denotes a premium relative to the industry average Forward P/E of 13.48.

Investors should also note that NFLX has a PEG ratio of 1.02 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Broadcast Radio and Television industry currently had an average PEG ratio of 1.05 as of yesterday's close.

The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 35% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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American Airlines Group (AAL +3.20%), a major passenger and cargo carrier, closed Monday at $15.46, up 3.20%. The stock moved higher after news of a U.S.-Iran peace agreement and plunging oil prices signaled potential relief in fuel costs. Investors will be watching whether lower crude levels sustain margin recovery.
Trading volume reached 178.6 million shares, coming in about 154% above its three-month average of 70.2 million shares. American Airlines Group IPO'd in 2005 and has fallen 20% since going public.

How the markets moved todayThe S&P 500 (^GSPC +1.65%) advanced 1.65% to 7,554, while the Nasdaq Composite (^IXIC +3.07%) climbed 3.07% to finish at 26,684. Among airlines, industry peers Delta Air Lines (DAL +1.14%) closed at $84.07 (+1.22%) and United Airlines (UAL +3.85%) finished at $119.97 (+3.85%) as the group reacted to the 4% drop in oil prices.

What this means for investorsA reported peace agreement between the U.S. and Iran drove oil prices meaningfully lower today. While no finalized text of the agreement has been published, the U.S. president and his representatives have stated that it will include the toll-free opening of the Strait of Hormuz.

The drop in oil prices and hopes for sustainably lower oil prices pushed airline stocks higher in general. Investors liked American Airlines stock in particular today after the company reported record revenue and its lowest total debt level in over a decade in Q1.

Investors likely expect better future results than previously anticipated if fuel prices drop sharply on an agreement to open the strait. That bodes well for the stock price, too.

Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.

Exxon Mobil (XOM - Free Report) ended the recent trading session at $140.92, demonstrating a -4.14% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.

The oil and natural gas company's stock has dropped by 6.91% in the past month, falling short of the Oils-Energy sector's loss of 2.71% and the S&P 500's gain of 0.48%.

Market participants will be closely following the financial results of Exxon Mobil in its upcoming release. It is anticipated that the company will report an EPS of $3.89, marking a 137.2% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $97.91 billion, up 20.12% from the prior-year quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.8 per share and a revenue of $392.6 billion, representing changes of +68.81% and +18.17%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Exxon Mobil. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.68% increase. Exxon Mobil is currently a Zacks Rank #3 (Hold).

With respect to valuation, Exxon Mobil is currently being traded at a Forward P/E ratio of 12.46. This represents a premium compared to its industry average Forward P/E of 7.97.

We can also see that XOM currently has a PEG ratio of 0.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 0.57.

The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 19% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

In the latest close session, Goldman Sachs (GS - Free Report) was up +1.26% at $1,076.17. The stock fell short of the S&P 500, which registered a gain of 1.65% for the day. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.

Coming into today, shares of the investment bank had gained 12.05% in the past month. In that same time, the Finance sector gained 2.86%, while the S&P 500 gained 0.48%.

The upcoming earnings release of Goldman Sachs will be of great interest to investors. The company's earnings report is expected on July 14, 2026. The company's earnings per share (EPS) are projected to be $13.44, reflecting a 23.19% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $15.75 billion, showing a 8.03% escalation compared to the year-ago quarter.

GS's full-year Zacks Consensus Estimates are calling for earnings of $59.08 per share and revenue of $63.69 billion. These results would represent year-over-year changes of +15.12% and +9.28%, respectively.

It is also important to note the recent changes to analyst estimates for Goldman Sachs. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Goldman Sachs is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, Goldman Sachs is presently being traded at a Forward P/E ratio of 17.99. This denotes a premium relative to the industry average Forward P/E of 14.32.

We can also see that GS currently has a PEG ratio of 1.38. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.

The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 88, putting it in the top 37% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

BlackRock (BLK - Free Report) ended the recent trading session at $1,042.87, demonstrating a +1.05% change from the preceding day's closing price. This change lagged the S&P 500's 1.65% gain on the day. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.

The investment firm's shares have seen a decrease of 4.61% over the last month, not keeping up with the Finance sector's gain of 2.86% and the S&P 500's gain of 0.48%.

The investment community will be closely monitoring the performance of BlackRock in its forthcoming earnings report. The company's upcoming EPS is projected at $12.53, signifying a 3.98% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $6.67 billion, showing a 23.03% escalation compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $52.8 per share and revenue of $27.65 billion. These totals would mark changes of +9.79% and +14.19%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for BlackRock. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. BlackRock is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, BlackRock is holding a Forward P/E ratio of 19.54. Its industry sports an average Forward P/E of 11.57, so one might conclude that BlackRock is trading at a premium comparatively.

Meanwhile, BLK's PEG ratio is currently 1.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Investment Management industry had an average PEG ratio of 1.12 as trading concluded yesterday.

The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 192, which puts it in the bottom 22% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Intel (INTC - Free Report) closed at $127.86 in the latest trading session, marking a +2.64% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.

Shares of the world's largest chipmaker witnessed a gain of 14.53% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.33%, and the S&P 500's gain of 0.48%.

The upcoming earnings release of Intel will be of great interest to investors. The company is forecasted to report an EPS of $0.21, showcasing a 310% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.39 billion, up 11.9% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.06 per share and revenue of $57.79 billion, which would represent changes of +152.38% and +9.34%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Intel. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.09% higher. Intel is holding a Zacks Rank of #3 (Hold) right now.

In the context of valuation, Intel is at present trading with a Forward P/E ratio of 118.08. For comparison, its industry has an average Forward P/E of 66.35, which means Intel is trading at a premium to the group.

The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 20% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

In the latest trading session, Chevron (CVX - Free Report) closed at $180.40, marking a -3.64% move from the previous day. This change lagged the S&P 500's 1.65% gain on the day. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.

The oil company's shares have seen a decrease of 2.03% over the last month, surpassing the Oils-Energy sector's loss of 2.71% and falling behind the S&P 500's gain of 0.48%.

The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. It is anticipated that the company will report an EPS of $5.76, marking a 225.42% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $58.23 billion, indicating a 29.91% increase compared to the same quarter of the previous year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.88 per share and revenue of $221.76 billion. These totals would mark changes of +117.83% and +17.31%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chevron. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.28% increase. As of now, Chevron holds a Zacks Rank of #3 (Hold).

Looking at valuation, Chevron is presently trading at a Forward P/E ratio of 11.79. This signifies a premium in comparison to the average Forward P/E of 7.97 for its industry.

We can also see that CVX currently has a PEG ratio of 0.61. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.57 based on yesterday's closing prices.

The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 19% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) (“Newmont”) today announced leadership appointments that further shape its go-forward Executive Leadership Team under President and Chief Executive Officer Natascha Viljoen and reflect the depth of leadership talent within the company. Effective July 1, 2026, Brian Tabolt has been appointed Chief Financial Officer, Mark Rodgers has been appointed Chief Operating Officer, and David Thornton has been appointed Chief Tec.

In the latest close session, Take-Two Interactive (TTWO - Free Report) was up +2.07% at $216.13. This change outpaced the S&P 500's 1.65% gain on the day. Meanwhile, the Dow experienced a rise of 0.92%, and the technology-dominated Nasdaq saw an increase of 3.07%.

Shares of the publisher of "Grand Theft Auto" and other video games have depreciated by 12.66% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 1.52%, and the S&P 500's gain of 0.48%.

The investment community will be closely monitoring the performance of Take-Two Interactive in its forthcoming earnings report. The company is forecasted to report an EPS of $0.31, showcasing a 49.18% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.35 billion, reflecting a 4.85% fall from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $6.71 per share and revenue of $8.47 billion, which would represent changes of +63.66% and +26.08%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Take-Two Interactive. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 24.47% fall in the Zacks Consensus EPS estimate. As of now, Take-Two Interactive holds a Zacks Rank of #4 (Sell).

In terms of valuation, Take-Two Interactive is presently being traded at a Forward P/E ratio of 31.56. This expresses a premium compared to the average Forward P/E of 18.24 of its industry.

We can additionally observe that TTWO currently boasts a PEG ratio of 3.16. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Gaming stocks are, on average, holding a PEG ratio of 1.46 based on yesterday's closing prices.

The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 38% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

In the latest trading session, Gilead Sciences (GILD - Free Report) closed at $124.30, marking a -1.03% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.

Shares of the HIV and hepatitis C drugmaker witnessed a loss of 3.08% over the previous month, trailing the performance of the Medical sector with its gain of 3.59%, and the S&P 500's gain of 0.48%.

The investment community will be paying close attention to the earnings performance of Gilead Sciences in its upcoming release. The company's upcoming EPS is projected at -$5.31, signifying a 364.18% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.36 billion, up 3.98% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.79 per share and revenue of $30.37 billion, which would represent changes of -109.69% and +3.16%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Gilead Sciences. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.73% fall in the Zacks Consensus EPS estimate. Gilead Sciences presently features a Zacks Rank of #3 (Hold).

The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 40% echelons of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow GILD in the coming trading sessions, be sure to utilize Zacks.com.

In the latest close session, StoneCo Ltd. (STNE - Free Report) was down 2.4% at $10.99. The stock's change was less than the S&P 500's daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.

Shares of the company witnessed a gain of 17.17% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.33%, and the S&P 500's gain of 0.48%.

The upcoming earnings release of StoneCo Ltd. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.47, marking a 20.51% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $731.18 million, indicating a 8.8% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates project earnings of $2.31 per share and a revenue of $2.91 billion, demonstrating changes of +42.59% and +10.25%, respectively, from the preceding year.

It is also important to note the recent changes to analyst estimates for StoneCo Ltd. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 16.08% upward. Currently, StoneCo Ltd. is carrying a Zacks Rank of #2 (Buy).

In the context of valuation, StoneCo Ltd. is at present trading with a Forward P/E ratio of 4.87. This represents a discount compared to its industry average Forward P/E of 18.42.

It is also worth noting that STNE currently has a PEG ratio of 0.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software was holding an average PEG ratio of 1.03 at yesterday's closing price.

The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

4:20pm: Tech lead risk-on surge Wall Street closed sharply higher on Monday, with the Dow Jones Industrial Average finishing up 469 points, or 0.9%, at 51,671 and touching a fresh record high as investors welcomed signs of easing tensions in the Middle East. The S&P 500 jumped 1.7% to 7,554, while the tech-heavy Nasdaq Composite led the rally, surging 3.1% to 26,684.

Markets were buoyed by a preliminary agreement between the United States and Iran that includes reopening the Strait of Hormuz, easing concerns about global energy supplies and helping drive oil prices sharply lower. WTI crude fell nearly 5% to below $80 a barrel, its lowest level in two months, as traders unwound geopolitical risk premiums.

The improved risk backdrop added to momentum from the blockbuster SpaceX (NASDAQ:SPCX) IPO and sparked a broad rally in growth stocks. AI leaders continued to lead the charge, with NVIDIA climbing 3.5% and Microsoft gaining 2.6% as investors remained focused on the sector's strong earnings outlook.

While stocks celebrated the prospect of reduced geopolitical uncertainty and lower energy costs, gold prices also advanced toward $4,337 an ounce as investors balanced improving inflation expectations against the prospect of upcoming central bank decisions.

By the closing bell, the message from markets was clear: easing tensions abroad and continued enthusiasm for technology helped fuel another powerful rally, sending major U.S. indexes to new highs.

3:45pm: Proactive news headlines Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF, FRA:9SU0) reported encouraging early results from its summer drill program at the Davidson River Project, with the first hole intersecting anomalous radioactivity and strongly graphitic basement structures associated with uranium-bearing hydrothermal alteration. First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) completed a $15.4 million financing, providing fresh capital to advance its strategy of building a North American lithium iron phosphate (LFP) battery supply chain. Medicus Pharma (NASDAQ:MDCX) submitted a Rare Pediatric Disease Designation request to the FDA for SkinJect, its investigational microneedle patch designed to treat basal cell carcinoma in patients with Gorlin Syndrome. 2:50pm: Market movers SpaceX (NASDAQ:SPCX) shares climbed 17% to $187.70 on Monday, extending gains from their record-breaking IPO debut and lifting the company's market value above US$2.2 trillion, making it one of the six largest companies globally. Tower Semiconductor surged nearly 9% after securing a multi-year agreement with IQE to supply indium phosphide epiwafers for advanced silicon photonics products aimed at the rapidly expanding AI data center connectivity market. Payoneer Global gained 4.1% after agreeing to be acquired by Nuvei in an all-cash transaction valued at approximately $2.75 billion, with shareholders set to receive $7.40 per share. Fox Corp (NASDAQ:FOXA) agreed to acquire Roku in a cash-and-stock deal valued at about $22 billion, combining Fox's media assets with Roku's streaming platform while leaving Fox shareholders with a 73% stake in the merged company. Seeing Machines rose 8% after announcing design wins with two Japanese automakers, with broker Peel Hunt saying the contracts validate the company's Tier 2 supplier strategy and could ultimately generate more value than their stated $11 million lifetime revenue potential. 2:00pm: Peace deal drives sentiment “The US-Iran deal was going to be the only game in town for markets today after the US president announced it last night," said IG's Chris Beauchamp.

"Markets have been dancing to Trump’s tune ever since he was re-elected, and especially since his tariff announcements of last year. This has only intensified with the Iran war, but once again it looks like he may succeed in skirting a global meltdown, but only just.

"The news has been the signal for rampant buying, unleashing billions in equity purchases that have been waiting for this moment.”

12:20pm: Fox snaps up Roku Fox Corp (NASDAQ:FOXA) (Fox Corp (NASDAQ:FOXA)) has agreed to acquire streaming platform Roku Inc (NASDAQ:ROKU) (Roku Inc (NASDAQ:ROKU)) in a cash-and-stock deal valuing the company at approximately $22 billion in enterprise value, the companies announced Monday.

Under the terms of the agreement, Fox will pay $160 per share, comprising $96 in cash and 0.9693 Fox Class A shares. Fox shareholders will retain approximately 73% ownership of the combined company, with Roku shareholders holding the remaining 27%.

Fox Class A shares fell approximately 15.5% in Monday trading, while Roku shares slipped around 0.8%.

11:05am: Week ahead Wall Street heads into a holiday-shortened week facing a pivotal test as investors weigh a new era at the Federal Reserve, fresh readings on consumer spending and inflation, and geopolitical developments that could shape energy markets and risk appetite.

US markets will be closed Friday in observance of the Juneteenth holiday, compressing a week packed with market-moving events into four trading days.

The spotlight will fall squarely on Wednesday's Federal Reserve policy meeting, the first under new Fed Chair Kevin Warsh. While policymakers are widely expected to leave interest rates unchanged, investors will closely scrutinize Warsh's inaugural press conference for clues on the future direction of monetary policy.

“Warsh’s first press conference is a market-moving event,” said Kathleen Brooks, research director at XTB. “He is likely to say that economic conditions do not justify a hike at this time, however, he could reiterate his long-held view that tech investment, especially in AI capabilities, will boost productivity in the future without stimulating inflation.”

10:00am: Ceasefire sparks global relief Wall Street kicked off the week with a powerful rally on Monday after the United States and Iran announced a ceasefire agreement, easing fears of a broader conflict in the Middle East and boosting investor appetite for risk.

The Dow Jones Industrial Average surged more than 600 points to a fresh intraday record high, while the Nasdaq Composite jumped over 2% and the S&P 500 climbed sharply as traders welcomed signs of improving geopolitical stability.

Adding to the upbeat mood, oil prices tumbled as concerns over potential supply disruptions faded, with Brent crude falling 4.7% to below $83 a barrel. Cryptocurrency markets also rebounded, with Bitcoin climbing to around $66,800, while the US dollar weakened as investors scaled back expectations for aggressive Federal Reserve rate hikes. Gold, meanwhile, rose more than 2% to above $4,300 an ounce as markets repositioned following the dramatic shift in geopolitical tensions.

"Last week it seemed Kevin Warsh was set for a rocky first meeting as Fed chairman, but the slump in oil prices and an Iran deal changes the game for the new head of the world's most important central bank,” said IG’s Chris Beauchamp. “He can now go into the meeting arguing that the shock of higher energy costs will continue to fade, bolstering his argument for rate cuts."

Investors are also digesting a fresh wave of corporate and economic news. Fox said it will acquire Roku for $160 per share, while AI company Anthropic reportedly sent staff to Washington after facing export restrictions on its most advanced artificial intelligence models. On the economic calendar, traders are awaiting the Empire State manufacturing survey, industrial production figures and home-builder confidence data for further clues on the health of the US economy.

Ahead of the bell US stock futures surged on Monday after Washington and Tehran announced a ceasefire agreement that should reopen the Strait of Hormuz, sending oil prices sharply lower and lifting risk appetite at the start of a holiday-shortened week.

Nasdaq 100 futures led the advance with a gain of 2%, while S&P 500 futures rose 1.3% and Dow Jones futures climbed 1%, building on solid gains from Friday.

President Trump described the ceasefire as "complete" in a Truth Social post late Sunday, with formal signing expected in Switzerland on Friday and peace talks to begin within 60 days.

Brent crude fell roughly 5% to just above $83 a barrel as fears over supply disruptions eased, though tanker operators remain cautious given the lack of detail in the provisional agreement.

SpaceX (NASDAQ:SPCX) added to the positive mood after shares extended Friday's near-20% debut surge with further gains in premarket trading, pushing the Elon Musk-led company's market value above $2 trillion.

The Federal Reserve's rate decision on Wednesday is the week's main event, with traders pricing in a near-certain hold.