One space story is showing real execution with more satellites live and another launch batch lined up. The other two setups are harder to trust, with one tied to merger and debt questions and the other chasing a deal that looks too large to underwrite cleanly.
Tech Energy (Sponsored)
Energy infrastructure is under pressure as demand accelerates across AI, industrial, and defense sectors.
New technologies designed to improve power reliability and speed of deployment are attracting increased attention.
Investors are beginning to track suppliers connected to this evolving space.
A new briefing explains the broader opportunity.
See the full story now.
Futures at a Glance📈
Futures are edging higher as traders weigh a fragile U.S.-Iran pause and another early lift in tech. Chip names are getting some premarket support, while SpaceX is catching a bid on its coming Nasdaq 100 fast-track. Oil remains the swing factor, with markets watching whether the Strait of Hormuz stays open and the truce actually holds.
Want to make sure you never miss a pre-market alert?
Elite Trade Club now offers text alerts — so you get trending stocks and market-moving news sent straight to your phone before the bell.
Email’s great. Texts are faster.
You’ll be first in line when the market starts moving.
What to Watch
Earnings (Premarket):
• No major premarket earnings scheduled
Earnings (Aftermarket):
• AeroVironment, Inc. [AVAV]
• Concentrix Corporation [CNXC]
Earnings (Time Not Supplied):
• Woodside Energy Group Limited [WDS]
• Solowin Holdings [AXG]
• Cybin Inc. [HELP]
Economic Reports:
• No major economic reports scheduled
Elite Trade Club Insider
$14 Million In Insider Selling Hits Two Growth Winners
You’re seeing two strong charts from the outside, where fresh catalysts make the bullish case feel easy to believe. One name just jumped on a major international approval, while the other is riding airport expansion momentum and a nearly 100% one-year gain.
Our Elite Trade Club Insider readers are seeing the cleaner signal first: insiders are using that strength to move stock while the crowd is still focused on the headlines.
You’re reading the free version. Here’s what we held back.
Every day, insiders and institutions move millions before the market catches on. We surface the data behind those moves before the rest of the market sees it.
A subscription gets you:
The insider buys, options bets, and dark pool moves the free edition can't show you. Unlocked every weekday.
A Sunday Deep Dive that tells you where to look before Monday's bell rings.
The Friday Smart Money Brief: who bought, who sold, where the big options bets landed, and where institutions are hiding volume. Three data layers. One email.
A Monthly Insider Scorecard so you always know whether smart money is buying or selling the market.
Every past Insider edition, unlocked, on elitetrade.club. Go back and see what you missed.
$25/mo or $250/yr. 30-day money back guarantee. Cancel anytime. Founding member pricing: lock in $25/mo before we raise it.
Satellite Communications
AST SpaceMobile Inc Is Turning Execution Into the Main Story
AST SpaceMobile Inc (NASDAQ: ASTS) is moving higher after another satellite update. The company said BlueBirds 8, 9, and 10 are now operational in orbit, while BlueBirds 11, 12, and 13 are targeted to launch from Cape Canaveral in the first half of August.
That matters because this story is shifting from promise to deployment. AST is trying to build the world’s first space-based cellular broadband network that connects directly to standard smartphones.
The pace is improving. AST said satellites are now in production through BlueBird 37, up from BlueBird 32 when the company updated investors after the BlueBird 7 setback in April.
The next batch should also be stronger. BlueBirds 11, 12, and 13 will carry commercial communications arrays of about 2,400 square feet and are expected to nearly double the peak speeds of the initial Block 1 satellites.
The early performance gives the story credibility. AST said its first Block 1 BlueBird satellites recently achieved peak download speeds of 98.9 Mbps directly to standard smartphones.
The company is targeting launches every one to two months on average this year and wants roughly 45 satellites in orbit by year-end. That is an ambitious ramp, but the pipeline is finally starting to look real.
The stock is still below its 52-week high of $133.86, even after the latest move. For a speculative space name with a clear commercial target, that gives the setup room if execution continues.
My Take For You: AST SpaceMobile is risky, but the operational satellite update and faster production cadence give the bull case more substance.
My Verdict: Buy this. The risk is that launch delays, satellite failures, or funding needs slow the path to full commercial service.
Construction Products
TopBuild Corp Has Deal Risk Investors Should Not Ignore
TopBuild Corp (NYSE: BLD) is under pressure as investors digest updated merger disclosures and debt-term changes tied to its proposed transaction with QXO. The stock was down sharply in premarket trading after the latest update.
The issue is not just the shareholder complaint that led to revised disclosures. The bigger concern is that TopBuild changed terms on certain senior notes, removing key covenants and some default provisions connected to the transaction.
That matters because merger deals are already complicated. When debt protections change before shareholder votes, investors have to think harder about the post-deal capital structure and creditor risk.
TopBuild has been a strong long-term performer. The stock is up more than 30% over the past year and roughly 60% over three years.
But the near-term setup is now tied to governance, financing flexibility, and deal execution. That is a tougher risk profile than a clean operating story.
The market reaction says investors are not comfortable with the uncertainty. A nearly 10% premarket drop is not just noise for a stock with an $11.9 billion market cap.
At around 24x earnings, TopBuild is not priced like a distressed name. That leaves less margin for error if the merger process gets messier.
My Take For You: TopBuild’s operating history is solid, but the revised merger disclosures and debt changes add too much uncertainty before the shareholder votes.
My Verdict: Sell this. The risk is that deal complexity and capital-structure concerns keep weighing on the stock even if the business remains healthy.
Tax Strategy (Sponsored)
Capital gains taxes can take a bigger bite out of your profits than expected.
Fortunately, some deductions may help reduce the impact — including:
Investment-related expenses
Cost basis adjustments
Certain real estate selling costs
Because rules and eligibility vary, many investors turn to fiduciary financial advisors for guidance.
Find an Advisor Match.
Retail / E-Commerce
GameStop Corp Is Chasing a Deal That Looks Too Big
GameStop Corp (NYSE: GME) is still pursuing its proposed takeover of eBay, even after eBay rejected the unsolicited cash-and-stock offer. The bid was valued at about $56 billion.
That is a huge swing. GameStop is trying to buy a company roughly five times its size, and management has not yet provided enough detail to justify the strategy.
CEO Ryan Cohen argues the combined company would be a stronger competitor to Amazon. That is a bold idea, but bold does not automatically mean investable.
GameStop said more materials are coming on the strategic rationale and operational plan. Investors need those details because the market still does not have a clear picture of financing, integration risk, or how the combined company would actually compete.
The company also said fiscal 2026 adjusted EBITDA should exceed $600 million, up from $345.4 million in fiscal 2025. That is a real improvement and explains why the stock found some support.
But the deal risk overwhelms the earnings update. GameStop has a market cap under $10 billion, and the eBay target is far larger. That makes this more of a balance-sheet and execution story than a simple turnaround story.
At around 16.5x earnings, GameStop does not look wildly expensive on the surface. The problem is that the stock is now tied to a takeover fight that looks difficult to complete and harder to integrate.
My Take For You: GameStop’s earnings outlook is improving, but the eBay pursuit adds too much strategic and financial risk.
My Verdict: Sell this. The risk is that management keeps chasing a massive deal while investors wait for proof that the core business can compound on its own.
Trivia: The S&P 500 is the most widely followed index in the world. Who decides which companies are included in the S&P 500?
Movers and Shakers
Arrowhead Pharmaceuticals [ARWR]: Premarket Move: −5%
Arrowhead is slipping even after being added to the Russell 1000 Value and Russell 1000 Growth benchmarks. The move also comes after Arrowhead was dropped from Russell 2000 indexes, so the stock is getting reshuffled rather than getting a clean new-catalyst boost.
The bigger issue is that ARWR has already had a monster run. The stock is up nearly 400% over the past year and sits close to its 52-week high of $84.55. Recent EU marketing authorization for Redemplo adds to the long-term story, but today’s move shows traders are taking some money off the table.
My Take: Do not chase ARWR after a 400% run. The index move helps visibility, but the stock needs a real clinical or commercial catalyst to justify another leg higher from here.
Viridian Therapeutics [VRDN]: Premarket Move: +12%
Viridian is jumping after the FDA approved Lumvoa for thyroid eye disease. This is Viridian’s first FDA-approved medicine and commercial product, and the company is moving straight into launch mode.
The approval matters because Lumvoa’s label is supported by clinical data in both active and chronic TED, giving it a broader commercial story from day one. The stock is still well below its 52-week high of $34.29, so the market has room to reprice the name now that the biggest binary risk is gone.
My Take: Buy the approval breakout. FDA clearance turns VRDN from a clinical story into a commercial story, but the next test is launch execution.
Bloom Energy [BE]: Premarket Move: +6%
Bloom Energy is bouncing after a sharp 18.5% drop last week put buyers back on alert. The business story remains strong, with management pointing to demand from AI data centers and raising 2026 revenue guidance to $3.4 billion to $3.8 billion.
The stock is still one of the market’s wilder energy-AI names. BE is up more than 155% year to date, but history says this stock falls hard during broad risk-off moves, with past shock-period drawdowns averaging around 49%. That makes position sizing more important than the headline bounce.
My Take: Buy the rebound only if you can handle the volatility. Bloom has a real AI power-demand story, but this stock punishes oversized positions when the market turns.
Big Shift (Sponsored)
The world's richest man just launched a new $480 trillion disruption, which could make you massive gains this summer.
It has nothing to do with space, robots or AI. It's much, much bigger.
Full details here.
*This ad is sent on behalf of InvestorPlace Media at 1125 N. Charles Street, Baltimore, Maryland 21201. If you're not interested in this opportunity, please click here.
Everything Else
📊 Investor attention is starting to widen, as the hunt moves beyond the Mag 7 and toward companies with the traits to lead the next phase.
⚠️ Trump threatened Iran with “annihilation” as reports of attacks near Kuwait and Bahrain kept regional risk elevated.
🧱 China added Japanese defense-linked entities to its export controls watch list, putting more strain on regional trade.
💾 Baidu’s Kunlunxin is eyeing a Hong Kong IPO that could value the AI chip unit at $50 billion.
🧠 China’s CXMT reportedly won a $3 billion memory supply deal with Tencent, adding momentum to the domestic chip push.
🇰🇷 South Korea’s president is set to unveil a massive AI chip investment drive as the country leans harder into semiconductor leadership.
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
Click here to get our daily newsletter straight to your cell for free.
P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP.
