Happy Monday, Zingernation! I like my gum bubbleicious. But my stocks? Not so much. Here’s why one expert says $NVDA is getting a little too bubbly for comfort.

–Aaron Bry & Nic Chahine

Today’s Price Action:

$SPY: +.80%
$QQQ: +1.22%
$DIA: +.55%

Plus, have someone special in your life that you’re looking to treat? Check out the company that’s offering 30% off on fine jewelry.

TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

GameStop Shareholders Meeting Highlights: 'Actions Speak Louder Than Words,' Says CEO Ryan Cohen

What Happened: Video game retailer GameStop Corporation GME hosted its annual shareholder meeting Monday, which was postponed from last week due to technology issues and reported high demand.

So: Here are the key takeaways from the event and what CEO Ryan Cohen said about the future of the company.

Basically: The shareholders’ meeting, postponed from last week, saw final calls to action for shareholders to vote on several items.

And: The meeting also included a short opening statement from Cohen. The GameStop CEO spoke on the future of the company's retail business, which will include reducing costs to focus on profitability. Here’s what investors can expect next from Cohen and $GME.

PRESENTED BY BLUE NILE

Save Up To 30% On Fine Jewelry

Since being founded in 1999, Blue Nile has been at the forefront of combining technology with traditional jewelry retail. The company’s online platform is designed for optimal user experience, offering detailed product descriptions, high-resolution images and interactive design tools. These features make it easy for customers to find and customize their perfect piece of jewelry from the comfort of their homes.

Save up to 30% on jewelry through June 22nd with hundreds of items to choose from including diamond jewelry, wedding bands, gemstones, bridal jewelry, and more!

FIVE MOVERS

Broadcom shares surged higher today, closing up more than 5% on positive follow-through after the company’s earnings report last week.

U.S. Steel’s stock was volatile today, and ended up closing higher despite the company announcing lower-than-expected financial forecasts.

Celsius’s stock continued to move lower today, closing down around 2% after an analyst at Roth lowered his price target for the energy drink company.

Micron’s stock closed higher in Monday’s session by about 4.5% following some bullish coverage from analysts at different banks.

Palantir’s stock edged higher today, finishing the day up more than 6% on an upgrade from an analyst at Argus Research.

ONE TRADE IDEA FOR TOMORROW

DraftKings Shares Heat Up On Favorable Court Ruling

Briefly: Shares of DraftKings Inc saw a significant uptick Monday afternoon. This surge comes on the heels of a pivotal decision by the U.S. Supreme Court that has significant implications for the future of online sports betting in Florida and optimism that taxes will not be introduced into New Jersey’s 2025 budget, which needs to be finalized by June 30.

What Happened: According to APNews, the U.S. Supreme Court refused to hear a challenge to an agreement granting the Seminole Tribe exclusive rights to operate online sports betting in Florida. This compact, initially struck in 2021 between the Seminole Tribe and Governor Ron DeSantis, was designed to generate substantial revenue for both the tribe and the state.

So: The deal’s opponents, including West Flagler Associates and the Bonita-Fort Myers Corp., contended that the compact gave the tribe an unfair monopoly and that the U.S. Department of Interior’s approval of the compact violated the Indian Gaming Regulatory Act, which mandates that gambling activities take place on tribal lands. Here’s what this news could mean for $DKNG’s stock moving forward.

Navigating Short-Dated Options and 0DTE

Join us for a dive into the world of 0DTEs (Zero Day to Expiry) for beginners and experts alike. Cboe Global Markets’ analysts will discuss advanced trading strategies, real-time market analysis, and actionable insights that will help you navigate same-day trading with confidence and success.

Date: Tuesday, 6/18
Time: 12:00 pm - 1:00 pm EST

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.

^{Disclaimer: Alternative investments are speculative and possess a high level of risk. No assurance can be given that investors will receive a return of their capital. Those investors who cannot afford to lose their entire investment should not invest. Investments in private placements are highly illiquid and those investors who cannot hold an investment for an indefinite term should not invest. Private credit investments may be complex investments and they are subject to default risk.}