Trump in the Situation Room, Dell Beats Big, and Blue Origin Catches Fire

Oil is heading for its biggest monthly drop since 2020 after Trump posted on Truth Social that he was entering the Situation Room for a final Iran deal decision.

Dell crushed its quarterly results on AI server demand and raised its full-year outlook. Blue Origin’s rocket exploded on the test stand overnight.

Today’s newsletter has everything from a session that had too much happening at once.

A former consultant to the Pentagon was able to enter the airspace near one of the most secure sites in the world.

Hidden there, he says, is a potential $10 trillion tech breakthrough that could define the next decade of Elon Musk's career.

Click here to learn about the stocks tied to Elon Musk's next big venture.

A crypto-linked data center CEO sold $8.4 million after a 625% one-year run, while a luxury retail founder’s trust sold nearly $100 million near the stock’s highs. You’re seeing two stocks that already made people money. Insider readers are seeing where leadership is using that strength to take chips off the table.

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.

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Stocks pushed toward record highs Friday after Trump posted on Truth Social that he was meeting in the Situation Room to make a “final determination” on an Iran peace deal, sending oil toward its biggest monthly drop since 2020, with Brent settling near $92 after trading above $96 earlier in the week.

Dell soared after reporting Q1 revenue up 88% on AI server demand, raising its full-year outlook to $165-169 billion and confirming a $9.7 billion Pentagon software contract.

Blue Origin’s New Glenn rocket exploded on a test stand Thursday night, sending space-adjacent stocks lower across the board. NetApp, Okta, and PagerDuty all beat earnings and guided higher as an AI software and infrastructure earnings wave closed out one of the strongest earnings seasons in years.

JPMorgan Chase (NYSE: JPM) has ended its bullish call on Turkey's currency, the Turkish lira, after it gained 55%. Instead of expecting bigger gains, the bank is now taking a more cautious, short-term trading approach.

The bank placed the bet in late 2023, held it through political uncertainty and market volatility, and quietly took full profits this month.

Patience Is the Strategy

Most financial institutions chase short-term trades. JPMorgan sat on this position for almost three years, adjusting the size along the way but never abandoning the core thesis. It paused briefly during a period of political risk, then re-entered when conditions stabilized.

That kind of patience requires conviction that most competitors simply do not have. You hold a winning position for three years through turbulence and elections because the research behind it was strong enough to trust.

Knowing When to Leave

The hardest part of any successful bet is not getting in. It is getting out. JPMorgan reduced the position gradually and then exited completely once the return profile no longer justified the risk.

Walking away from something still working takes a specific kind of discipline. Your instinct says hold on for more. JPMorgan's instinct says take the win and redeploy.

JPMorgan manages trillions across every asset class in every market on earth. But individual decisions like this one reveal the culture underneath. You judge a bank not by its biggest wins but by whether it knows when to stop playing. JPMorgan just demonstrated both.

Nvidia (NASDAQ: NVDA) is committing at least $6.5 billion to photonics companies, a faster, more efficient way to move data across AI infrastructure. The simple business story is this: Nvidia is not just selling chips anymore; it is helping build the entire system those chips need to keep growing.

The Bottleneck Becomes the Business

Nvidia already dominates the AI chip conversation, but the next stage is about keeping the whole machine running. If data cannot move fast enough, customers cannot scale AI systems the way they want.

You do not need to understand the technical layer to understand the business move. Nvidia is spending ahead of the problem so customers can keep building bigger systems without the infrastructure slowing them down.

Suppliers Become Part of the Moat

Nvidia’s money is flowing into companies tied to next-generation connectivity and infrastructure. That gives the company more influence over the supply chain around AI, not just the chips at the center of it.

A move like this changes your read on Nvidia’s moat because it shows the company preparing the ecosystem before demand breaks it. That is how category leaders stay ahead; they protect the next layer before rivals catch up.

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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Walmart (NYSE: WMT) is making a major move by expanding 30-minute-or-less delivery across 33 U.S. markets. The service covers groceries, pharmacy items, household basics, pet food, electronics, and everyday essentials, giving Walmart another way to compete in the moments when shoppers need something immediately.

For Walmart, the bigger story is not just faster delivery. It shows the company using its massive store network as a local fulfillment machine, turning physical stores into speed hubs for modern retail.

Speed Becomes the Store Advantage

Walmart already has a huge advantage because its stores sit close to millions of households. Faster delivery lets the company use that footprint in a way pure online rivals cannot easily copy.

Even before the cart is full, you can understand the business logic here. Walmart is trying to own the urgent shopping moment, from forgotten dinner items to cold medicine and last-minute party supplies.

Convenience Moves Beyond Groceries

Walmart is not limiting this to food. By adding pharmacy, home goods, pet items, and general merchandise, the company is making fast delivery part of the full shopping experience.

Fast delivery helps Walmart keep shoppers inside its ecosystem more often. The more categories it can deliver quickly, the harder it becomes for rivals to win those everyday moments.

The direction is clear. Walmart is building a retail model where you do not just shop for price, but for speed, convenience, and access when life refuses to wait.

Dell Technologies [DELL] $420.91 (+32.76%)

Dell reported Q1 revenue up 88% year-over-year, raised its full-year outlook by more than $20 billion, and confirmed a $9.7 billion Pentagon software contract the same night.

Dell’s market cap now exceeds the combined value of HPE, HP, Super Micro, and Lenovo. The AI server business is no longer a growth story. It is the whole business.

PagerDuty [PD] $9.94 (+33.60%)

PagerDuty raised its full-year EPS guidance after Q1 adjusted operating margin swung from negative 8.6% to positive 7.6% year-over-year, with operating income beating estimates by nearly 30%.

This company spent two years getting written off as a legacy IT alerting tool. One quarter of real margin progress, and the market is suddenly very interested again.

Okta [OKTA] $123.27 (+28.55%)

Okta beat Q1 EPS, revenue, and operating income, then guided Q2 and full-year revenue above analyst expectations.

After a rough 2024 that included a security breach, executive turnover, and persistent multiple compression, the identity management platform is finally putting up numbers that match the original thesis. The stock is still down from its all-time high. Today, the market is deciding that the gap is a problem.

Oculis [OCS] $22.71 (-23.42%)

Oculis spent May collecting analyst upgrades for its OCS-01 diabetic macular edema program and an FDA Special Protocol Assessment for optic neuritis. Today has no fresh negative catalyst.

This is what biotech momentum looks like on the way back down after a good month. The pipeline did not change. The calendar did.

Ambarella [AMBA] $71.17 (-19.66%)

Ambarella reported revenue up 31%, a new $800 million Hanwha partnership, and a $50 million buyback. Then the CEO sold 32,500 shares the same night, Q2 guidance disappointed, and Summit Insights was cut to Hold.

When the CEO is selling on earnings night, and the guide is soft, investors do not stick around to debate it.

Gap [GAP] $20.56 (-16.00%)

Gap cut full-year revenue guidance to 1-2% growth, Q1 revenue missed estimates, and Old Navy comp sales fell. The consumer recovery thesis just got revised.

With gas prices still elevated and discretionary budgets tightening, mid-market fashion brands do not get the benefit of the doubt… and Gap did not earn it with this print.

Tesla may be preparing for a major product shift at its Fremont factory.

Elon Musk has hinted at a new production-ready device that some are comparing to an “iPhone moment” for Tesla.

But the bigger opportunity may not be Tesla itself — it could be the small companies positioned around the supply chain before the next reveal hits.

See the 5 small stocks here.

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

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