Happy Wednesday! The Nasdaq 100 has surged into a rare 10-day winning streak, fully recovering last month’s losses and reigniting momentum across mega-cap tech in a way not seen since 2021. But after moves like this, history tends to signal what comes next. Read on for all the details.

Bill Ackman is betting big on large-cap stocks, calling today’s top companies historically cheap despite geopolitical uncertainty and powerful long-term tailwinds. Don’t miss what’s driving his conviction and where he sees opportunities next.

Plus, if you’re looking for targeted exposure to rare earths without the China supply chain risk, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

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Nasdaq 100 Hits Rare 10-Day Stretch: Here's What History Shows After Tech Rallies

The Nasdaq 100 just posted its strongest winning streak since 2021. The tech-heavy index has now recorded 10 straight sessions in the green, climbing nearly 12% over that span and fully erasing the selloff last month caused by the war with Iran.

The million-dollar question now becomes: what happens next?

Don’t worry, we got you covered. These streaks don’t happen very often, and when they do, history has a habit of offering clues. Read on for all the insights.

How The REXC ETF Removes China From Rare Earths Equation

Many industries from AI to defense rely on rare earth materials, and vulnerability to a supply chain disruption remains a looming possibility – prompting governments to support strengthening Western supply chains.

China processes the bulk of rare earth materials, and Chinese companies are usually a significant part of the largest rare earths-focused ETF portfolios, introducing a geopolitical risk.

But there is a rare-earth ETF.

The recently launched Sprott Rare Earths Ex-China ETF (REXC) is a fund aiming to provide exposure to the rare earth materials industry while excluding companies located within China. It invests in the companies that generate at least 50% of their revenues from the rare earth and strategic metals segment.

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Yesterday: U.S. indexes finished higher, with the major benchmarks nearing their 52-week highs as investors looked past geopolitical tensions and focused on improving economic data — such as better-than-expected March PPI — as well as stronger-than expected earnings from financial firms. Geopolitical developments remained in focus, as traders balance concerns over tensions between the U.S. and Iran, including a U.S. naval blockade in the Persian Gulf. Still, oil prices declined after recent gains, pressured by easing near-term supply fears and expectations of weaker demand. The International Energy Agency warned that the ongoing Iran conflict could significantly curb consumption, projecting a 1.5 million barrel-per-day drop in global oil demand for the second quarter—the steepest contraction since the pandemic era.

On Our Radar: Analysts will be paying attention to import price data for inflation cues, the Empire State survey for manufacturing momentum, and the Beige Book for a read on economic conditions. On the earnings front, all eyes will be on Pepsico (PEP) which reports tomorrow morning, with Taiwan Semiconductor (TSM) reporting after the market close Thursday.

The markets continued the winning streak with Robinhood (HOOD), American Airlines (AAL), and Delta Air Lines (DAL) leading the way. Meanwhile Wells Fargo (WFC), CarMax (KMX), and AST SpaceMobile (ASTS) were among the day’s top laggards. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Check out our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Memory Flip: The AI trade that crowned Nvidia as untouchable may be entering a new phase no one fully priced in. A different corner of semiconductors is suddenly stealing momentum. See the four stocks leading the rally.

Recession Fears: This Wall Street veteran and hedge fund owner is warning that a prolonged shutdown of the Strait of Hormuz could trigger far more than energy volatility — it could spiral into a full-blown global recession. Here’s why.

Chip Surge: What was expected to be a major headwind for tech has quietly turned into one of the most aggressive chip rallies in years. Discover what’s really fueling this historic chip rally and how long it will likely last.

Bullish: A new read on Nvidia suggests the AI story is still running hotter than many investors believe. According to this analyst, the real surprise isn’t in demand headlines — it’s buried deeper in the supply chain. Read on for all the details.

Stock Of The Day: Shares of Oracle are testing another key level that has triggered big moves in the past. Here’s what traders are watching.

Congress Just Filed Dozens Of Trades (Most Investors Won't See Them In Time)

While retail investors react to the market, lawmakers are already positioning into specific stocks. Benzinga Edge surfaces every move the moment they're public so you can see where money is actually going.

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