MarketBeat Week in Review – 07/06 - 07/10

Summary

The market is eagerly awaiting the next round of earnings reports. A few trickled in this week, but the reporting season doesn’t really get going until next week. Corporate earnings are expected to top last quarter, which was already strong. That could provide the fuel for stocks to move higher. But there are things to watch. The ceasefire between the U.S. and Iran is over. That means that energy prices and inflation will continue to dominate the headlines. It also means that next week’s readings for June inflation (the CPI and PPI) already seem like old news. A highlight of the week was the debut of SK Hynix, the South Korean company that dominates the high-bandwidth memory (HBM) market that powers artificial intelligence (AI) chips. Market volume may be cooling down, but it’s likely to be a hot summer of news that could move stocks. Here are a few of the top stories from this week.Get SpaceX alerts:Sign Up Articles by Thomas Hughes Investors are still digesting the SpaceX NASDAQ: SPCX IPO on June 12, and this week they have to decide on SK Hynix NASDAQ: SKHYV, which made its market debut on July 10. Thomas Hughes explained the mechanics behind the offering and why it will add fuel to the red-hot memory market. Hughes also reminded investors that when analysts lower their price targets, it isn’t always a sell signal. That’s the case for five stocks that have received lower price targets, but are being disproportionately sold, which sets up an opportunity for long-term investors. The artificial intelligence (AI) trade isn’t ending; it’s evolving. Capital is currently moving away from data center stocks and into chip stocks. However, Hughes highlighted two AI stocks with multi-bagger potential without the data center narrative. Articles by Chris Markoch Palantir Technologies NASDAQ: PLTR CEO Alex Karp made news by saying that enterprises risk losing their competitive data advantage by relying on frontier AI models. Chris Markoch explained why Karp wasn’t just talking...