Happy Thursday! A surprising crossover between Cathie Wood and Ross Gerber is catching Wall Street’s attention after the two prominent investors were found loading up on many of the same stocks. Click to see the 10 stocks both are betting on right now.

In an exclusive interview with Benzinga, a former JPMorgan and Goldman Sachs executive made a bold prediction about SpaceX. Read on to see why it could become one of Wall Street’s biggest investing stories yet.

Plus, if you’re looking for an edge in today’s headline-driven market, check out today’s sponsor.

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• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• BENZINGA NEWSLETTER SPOTLIGHT

Cathie Wood, Ross Gerber Snap Up The Same 10 Stocks

Cathie Wood and Ross Gerber may come from different corners of the investing world, but a surprising portfolio crossover is turning heads on Wall Street.

The two high-profile investors are quietly making many of the same bets — signaling a potential trend that investors may not want to ignore.

Read on to see which 10 stocks made both investors’ lists — and why this unexpected alignment could matter for the next phase of the market rally.

One Headline Sent Crude From $100 To $88

Oil, SPY, and VIX have all been swinging sharply on every new geopolitical update. Some of the biggest moves in this market are happening within hours, not days. Chris Capre is breaking down the exact SPY levels, volatility setups, and positioning signals he’s watching right now. If this environment continues, preparation matters more than prediction.

Yesterday: U.S. indexes finished mixed Wednesday, with the S&P 500 and Nasdaq climbing to fresh record highs as continued strength in mega-cap technology stocks outweighed broad market weakness and hotter-than-expected inflation data. Producer prices rose 6.0% year-over-year in April, topping forecasts and reinforcing concerns that inflation pressures remain sticky despite expectations for eventual Federal Reserve rate cuts. Oil prices moved lower even after the IEA warned global supply may fall short of demand amid ongoing disruptions in the Middle East, while investors also monitored fragile geopolitical negotiations between the U.S. and China. Meanwhile, Kevin Warsh was officially confirmed as the next Federal Reserve chair, succeeding Jerome Powell, in a closely watched transition for monetary policy markets.

On Our Radar: Analysts will be paying attention to a busy slate of economic data, highlighted by retail sales, initial jobless claims, the import price index as well as commentary from Fed officials (Hammack, Williams, Barr). On the earnings front, all eyes will be on Applied Materials (AMAT) and Figma (FIG) which will report after the market close today.

Shares of Ford (F), On Semiconductor (ON), Micron (MU), and Marvell (MRVL) soared to help push Wall Street to another new all-time high. Meanwhile, Applovin (APP), Shopify (SHOP), Palantir (PLTR) and Dynatrace (DT) were among the top laggards on the day. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Wednesday. 

See how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Power Surge: Shares of Cisco soared after smashing Wall Street estimates. Read on for all the details and why investors are rethinking the company’s growth story. 

AI Rotation: ChatGPT may still be the biggest name in AI, but new data suggests the momentum battle is shifting with competitors surging and ChatGPT losing ground. Here’s everything you need to know.

The Price Is Fright: Trump’s “Golden Dome” defensive project just got a jaw-dropping new price tag. But the trillion-dollar figure may not be the most controversial part of the report. Here’s why.

Capitol Gains: Several members of Congress made timely bets on Micron before the chip stock surged, with some lawmakers now sitting on gains larger than their annual salaries — raising fresh questions about the timing of the trades.

Portfolio Shuffle: Recent hedge fund disclosures reveal where Daniel Loeb is putting his money. Read on to see which stocks he’s adding, trimming, and selling.

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