Iran Signals Hormuz Reopening, Zscaler Tanked, and Dow Hits Record

Oil dropped after Iranian state media said the country is committed to restoring Strait of Hormuz traffic to pre-war levels within a month, and the Dow immediately hit a new record to acknowledge the news.

The White House called the report a fabrication, which tells you where the confidence level actually sits. Today’s edition has every name that moved on a session with no shortage of storylines.

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Oil dropped after Iranian state media reported the country is committed to restoring Strait of Hormuz commercial traffic to pre-war levels within a month, though the White House quickly called it “a complete fabrication,” leaving oil off its lows but still down for the session.

The Dow hit a new record as the initial relief trade took hold, while chip stocks took a breather after Micron’s extraordinary run past a $1 trillion market cap and the PHLX Semiconductor Index cooled slightly.

Zscaler dragged the cybersecurity sector lower after guiding Q4 revenue $1-4 million below consensus despite beating third-quarter earnings, sending Palo Alto and CrowdStrike down in sympathy.

Rumble (NASDAQ: RUM) just made a major move that could change the company’s identity. The company is preparing to compete in AI compute services as it moves toward closing its Northern Data acquisition. This deal adds data centers and thousands of Nvidia GPUs to its infrastructure base.

The timing matters because demand for AI infrastructure is exploding. Companies need computing power, data centers, and cloud capacity, and Rumble is trying to enter that market with its own freedom-first positioning.

Video Was Only the Starting Point

Rumble built its name as an alternative video platform. Now the business is pushing into the infrastructure layer that powers online services, AI tools, and enterprise workloads.

What should catch you here is the business pivot. Rumble is trying to move from hosting content to owning more of the machinery behind the internet itself.

A Bigger Fight Is Coming

Competing with major cloud providers will not be easy. The space is crowded, expensive, and dominated by giants with enormous resources.

Still, the move gives Rumble a clearer long-term direction. If the strategy works, you get a company trying to become a full infrastructure player, not just a platform where people upload videos.

PayPal (NASDAQ: PYPL) just landed a major breakthrough in cross-border payments. U.S. PayPal users can now make purchases in China through WeChat Pay’s QR-code merchant network, giving PayPal access to one of the world’s largest mobile payment ecosystems.

For PayPal, the bigger story is not China tourism alone. The company is making its wallet more useful outside its home market, especially in places where local payment systems dominate everyday spending.

A Wallet With More Real-World Reach

PayPal’s challenge has always been making its brand useful beyond online checkout. Connecting to WeChat Pay gives the company a stronger role in physical retail, travel, transport, and services inside China.

That makes your PayPal account feel less like a digital checkout tool and more like a global spending passport.

Global Payments Are Getting More Connected

Cross-border payment partnerships are becoming more important as travel, tourism, and international commerce recover. Companies that make payments feel simple across countries gain a real advantage.

PayPal is moving in that direction. Over time, you could see the company become less dependent on outdated online checkout practices and more focused on serving as a bridge between global consumers and local payment networks.

SpaceX may be heading toward a historic IPO.

But Louis Navellier says the better opportunity could be a little-known AI hardware firm Elon Musk used to help power his massive supercomputer.

Now, major tech giants are using similar technology as AI spending surges.

And because this company is reportedly 39X smaller than SpaceX, investors may still have time before Wall Street catches on.

See the AI stock Louis believes could run before the SpaceX IPO.

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JPMorgan Chase (NYSE: JPM) just signaled that it is ready to make a major acquisition if the right opportunity appears. The bank has room to spend up to $20 billion on a deal over the next couple of years, but the bigger message is not about size alone. It shows a company that wants to expand from a position of strength, not desperation.

For JPMorgan, any deal would need to fit cleanly into its existing business, culture, and operations. That matters because large banks do not just buy assets; they buy systems, customers, risks, and long-term responsibility.

Not Buying for the Sake of Buying

JPMorgan is making it clear that dealmaking is not its main growth strategy. The bank still wants to grow through branches, technology, products, services, and stronger customer relationships.

What should matter to you is the discipline behind the message. JPMorgan is not chasing random expansion; it is keeping the door open for a deal that strengthens what the bank already does well.

Scale Gives JPMorgan Options

JPMorgan is already the biggest U.S. bank, and that gives it a rare advantage. It can wait, evaluate, and move only when a target actually improves the business.

That kind of patience changes your read on the company’s direction. JPMorgan is acting less like a bank hunting for growth and more like a financial giant preparing to absorb the right opportunity when the market creates one.

Q32 Bio [QTTB] $12.85 (+81.24%)

Q32 Bio announced a $55 million private placement backed by BVF Partners, closing May 28, simultaneously confirming that 36-week Phase 2 topline data for bempikibart in alopecia areata is expected mid-2026.

The financing removes runway concerns, and the BVF involvement signals institutional conviction ahead of the clinical readout. At a $217M Strong Buy-rated market cap with a binary catalyst approaching, the combination moved the stock decisively.

Digital Turbine [APPS] $6.68 (+38.88%)

Digital Turbine’s Q4 fiscal 2026 non-GAAP EPS of $0.16 beat the $0.09 estimate by 78%, on revenue up 20% to $142.5 million.

The mobile software platform is pivoting toward AI-driven device management for OEM and enterprise customers, a higher-margin business line that investors have been waiting for the company to fully commit to. The earnings print was the confirmation they needed.

Dycom Industries [DY] $529.13 (+25.74%)

Dycom reported record Q1 fiscal 2027 revenue that beat estimates, raised full-year guidance to $6.85-7.15 billion, and confirmed data center infrastructure is now its fastest-growing segment following the Power Solutions acquisition.

CEO Dan Peyovich called the company “squarely at the intersection of digital infrastructure and the fast-growing data center market.” When a $15.79 billion infrastructure company posts record revenue and raises guidance, you let it run.

Zscaler [ZS] $126.41 (-31.52%)

Zscaler beat Q3 EPS at $1.08 vs $1.01 and beat revenue at $850M vs $835M, then guided Q4 revenue to $875-878M against a $879M consensus. That $1-4 million gap sent the stock down 31%.

When you trade at a premium valuation as a cloud security name, and the AI disruption narrative is swirling, the market doesn’t offer much grace for any deviation from perfection. Beat the quarter, miss the guide, face the consequences.

Wolfspeed [WOLF] $63.26 (-13.93%)

Wolfspeed is trying to ramp its Mohawk Valley SiC fab to full production while generating significant operating losses, and rising real yields are a nightmare for any high-capex growth company with a distant path to profitability.

The $2.96B Neutral-rated company is caught between the long-term demand case for SiC power semiconductors and the near-term reality of a rate environment that makes burning cash for future payoffs a harder sell every day.

Boston Scientific [BSX] $50.46 (-12.49%)

Boston Scientific is still working through the consequences of its Class I AXIOS Stent recall, initiated after reports of deployment failures causing patient injuries and deaths, which triggered investor law firm investigations and a string of analyst price target cuts.

The $74.88B Strong Buy-rated company has lost nearly half its value since its 52-week high as the recall, Iran war revenue impacts, and below-consensus 2026 guidance estimates continue accumulating against it.

A new Tesla production line could be coming to Fremont and it may point to a much bigger tech shift.

One analyst believes five small companies could benefit if Elon’s next product goes mainstream.

Two reportedly trade under $4, which could make this setup worth watching before the expected July 22 update.

Get the full list here.

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— Adam G.
Elite Trade Club

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