IBM call options experienced substantial price increases, highlighting short-term trading activity.
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SpaceX Changes the Rules & a $303B Rebalance Hits Tomorrow
StockedUpMay 31, 2026
The creator discusses significant market rebalancing events, focusing on the impact of MSCI's rebalance on software stocks like Microsoft and Nvidia. They also highlight the upcoming SpaceX IPO and how waived index inclusion rules will force passive funds to buy into it. Additionally, the creator touches on oil market dynamics related to Japan's reserves and US-Iran relations.
Linked Mentions
Tickers discussed in this post
Dutch Bros (BROS) is a candidate for a breakout through resistance, supported by a large options trade and historical support levels.
Nvidita Semiconductor (NVTS) is expected to move downwards if it breaks below $26.
Service Now (NOW) is a strong software stock that could see further upside if it breaks above 130.
Intel faces short-term headwinds due to competition from Nvidia's chips in laptops, with a potential pullback below $113.50.
XLE is on the bullish radar for the medium term, benefiting from continued demand for oil and potential strategic reserve refilling.
Salesforce (CRM) is a strong buy candidate due to a rotation into software, a 8.5% rise on Friday, and potential for both short-term momentum and long-term dip buying.
Broadcom (AVGO), the seventh heaviest weighted company in the S&P 500, will report earnings after the close on Wednesday.
The NASA ETF, which holds space stocks including SpaceX, is on the radar due to the upcoming SpaceX IPO and its potential impact.
DXYZ is on the radar due to SpaceX's significant stake, but its inclusion in the SpaceX IPO's forced buying is uncertain.
The IGV ETF is a prime beneficiary of rebalancing money, showing strong performance and indicating a positive outlook for software stocks.
SPY made new all-time highs, indicating continued strength, but the broader market context suggests caution due to rebalancing flows.
Nvidia is a strong buy due to its new PC chip initiative with Microsoft and upcoming industry events, positioning it for offensive growth.
Microsoft is poised for significant gains due to its partnership with Nvidia, unlocking a new hardware ecosystem and upcoming developer events.