Today’s setup favors practical execution over futuristic promises. Buy the names tied to defense capacity and advanced chip production, but be careful with the company asking young users to spend over $2,000 on AR glasses.
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Futures at a Glance📈
Futures are moving higher as Wall Street waits on the Fed’s rate decision. Nasdaq names are leading the premarket lift, while the Dow is coming off a record close and SpaceX keeps adding fuel to the risk-on mood. Traders are also watching retail sales, pending home sales, and whether the Fed keeps its cautious tone under new Chair Kevin Warsh.
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What to Watch
Earnings (Premarket):
• Jabil Inc. [JBL]
• CarMax Inc [KMX]
Earnings (Aftermarket):
• Safe Bulkers, Inc [SB]
• Smith & Wesson Brands, Inc. [SWBI]
Economic Reports:
• Retail Sales (May): 8:30 am
• Manufacturing & Trade: Inventories & Sales (Apr.): 10:00 am
• Pending Home Sales Idx, M/M% (May): 10:00 am
• U.S. Interest Rate Decision: 2:00 pm
Elite Trade Club Insider
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You’re seeing two strong charts and the kind of price action that makes investors feel late. One has more than doubled in a year on AI demand, while the other is trading just below a 52-week high. But Elite Trade Club Insider readers are getting the part most people miss: executives are using those higher prices to turn low-cost equity into real cash before the next headline tells the crowd what already happened.
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Autos / Defense
General Motors Gets a Defense Angle Investors Should Take Seriously
General Motors Co (NYSE: GM) is moving deeper into defense manufacturing through a new partnership with Lockheed Martin. The deal was facilitated by the U.S. Department of Defense and focuses on scaling production capacity for munitions and other defense needs.
This is not just a branding exercise. Lockheed is investing $9 billion through 2030 to modernize 20 facilities and supply bases. GM said it will spend $7 billion on U.S. research and development.
The timing matters. The U.S. is trying to rebuild defense stockpiles after the wars in Ukraine and Iran, while the White House pushes more domestic manufacturing. GM has the scale, supply chain discipline, and production experience defense contractors need.
GM Defense is still a smaller part of the company, but it has been growing since being reestablished in 2017. Customers already include the U.S. Army, Secret Service, and NASA.
The stock is not cheap for an automaker after a 70.9% gain over the past year. But this partnership gives GM a stronger long-term industrial story beyond traditional vehicle demand.
My Take For You: GM’s defense partnership gives investors a real new growth angle tied to reshoring, national security, and manufacturing scale.
My Verdict: Buy this. The risk is that the partnership stays stuck at the memorandum stage and takes too long to convert into meaningful contracts.
Augmented Reality
Snap Is Asking Too Much From a Weak Core Business
Snap Inc (NYSE: SNAP) is betting big on augmented reality again. The company unveiled Specs, its first AR glasses built for the broader public instead of developers.
The price is the problem. Specs cost $2,195 with a $200 refundable deposit. That is more than 15 times the price of Snap’s original $130 camera-only Spectacles, which never became a mass-market hit.
Snap is trying to sell investors on a post-smartphone future. The idea is interesting, but the timing is rough. Premium hardware is a hard sell when consumers are dealing with inflation pressure, and Snap’s audience skews younger.
The competition is also brutal. Meta, Google, and Apple all have far deeper pockets. Meta and Google can fund hardware experiments with massive ad businesses. Snap has lost money every year since going public.
The stock reflects that weakness. Shares closed at $5.16, down 36.9% over the past year and well below the 52-week high of $10.41.
My Take For You: Snap’s AR vision is bold, but the company is launching expensive hardware from a weak financial position.
My Verdict: Sell this. The risk is that Specs becomes another costly hardware push without enough consumer adoption to change the business.
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Semiconductors
Intel Just Gave Its Foundry Turnaround a Real Milestone
Intel Corp (NASDAQ: INTC) has started production of its most advanced chip node, 18A-P. The chip is now in risk production, an early stage that signals Intel is moving closer to customer qualification.
This is important because Intel’s foundry turnaround needs proof, not promises. The company has spent years trying to become a serious manufacturer for outside customers. 18A-P is the next major test.
Intel says 18A-P delivers 9% higher performance or uses 18% less power than 18A. It is also at least 20% more heat resistant and works with existing 18A buildouts.
The market is already pricing in progress. Intel shares are up more than 460% over the past year after the U.S. government took a 10% stake and NVIDIA invested $5 billion.
The next catalyst is outside customer demand. CEO Lip-Bu Tan expects multiple foundry commitments in the second half of 2026, and Wall Street is watching closely for an Apple deal.
Yield is the key. If Intel proves 18A-P can meet customer standards at scale, the foundry business gets much harder to ignore.
My Take For You: Intel’s 18A-P progress gives the bull case real substance, especially with possible outside customers coming into focus.
My Verdict: Buy this. The risk is that yield issues or slow customer wins expose how much turnaround optimism is already in the stock.
Trivia: Warren Buffett's annual letter to Berkshire Hathaway shareholders is one of the most read documents in finance. How long has Buffett been writing these letters?
Movers and Shakers
La-Z-Boy [LZB]: Premarket Move: +16%
La-Z-Boy is jumping after a strong fiscal fourth-quarter report. Earnings came in at $1.26 per share, crushing the $0.82 estimate, while revenue of $570.34 million also topped expectations.
The cleaner story is retail momentum. Written sales rose 11% from a year ago, and company-owned locations reached an all-time high of 230 across North America. That is not just a one-quarter accounting beat. It shows the company is still finding demand in a soft furniture market.
My Take: Buy the earnings breakout, but do not chase a second spike above the 52-week high. The beat is real and retail momentum is improving, but Q1 guidance shows margins step down seasonally.
ACM Research [ACMR]: Premarket Move: +11%
ACM Research is moving higher as semiconductor equipment demand stays hot. Roth Capital lifted its price target from $70 to $100 and kept a Buy rating, giving traders another reason to stay with the name.
The stock already has momentum behind it, up more than 260% over the past year. Fundamentals support part of that move: quarterly revenue came in around $231 million, gross margin sat near 44%, and annual revenue is running close to $901 million with strong growth. This is a real semiconductor equipment story, not just a chart squeeze.
My Take: Stay long the trend, but do not add aggressively after an 11% premarket jump. ACMR has the growth and sector tailwind to keep working, but the stock now needs clean execution to justify the premium.
Lionsgate Studios [LION]: Premarket Move: −6%
Lionsgate is falling after reports said Netflix has no plans to pursue a takeover. That reversed some of Tuesday’s 13% rally, which was driven by earlier speculation that multiple media companies were circling the studio.
The asset still has value. Lionsgate controls a library of more than 20,000 film and TV titles, and activist pressure keeps the sale narrative alive. But today’s move is simple: the hottest buyer rumor just got hit, and takeover trades punish late chasers fast.
My Take: Do not buy the rumor fade at the open. LION still has strategic value, but the Netflix headline removes the cleanest short-term catalyst and puts the stock back in wait-and-see mode.
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Everything Else
💼 Leadership at the top of the market is starting to shift, as investors search for the next group of stocks capable of carrying the new cycle.
🛢️ Iranian tankers are back in focus as oil traders watch whether a U.S.-Iran deal can keep Hormuz flows moving.
🚀 SpaceX options are making their debut, and one strategist says the risk tails already look dangerous.
📵 India’s temporary Telegram ban is becoming part of a bigger fight over entrance exam fraud and platform accountability.
💊 Novo Nordisk is facing more cyber pressure after hackers claimed a major breach and a $25 million extortion attempt.
🤖 OpenAI reportedly burned through $3.7 billion in the first quarter, putting a brighter spotlight on AI spending.
That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
Best Regards,
— Adam Garcia
Elite Trade Club
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