MARKET RECAP

Yesterday: U.S. indexes finished mostly higher Wednesday, with the Nasdaq up 0.7% and the S&P 500 managing to squeak out a small gain (0.1%), as growth-oriented sectors like technology led the rebound following easing trade tensions. The S&P 500, which has now posted gains in 14 of 17 sessions, is now flat on the year, despite being down as much as 20% through early April. Additionally, treasury yields rose, with the 10-year hitting 4.53%, ahead of key inflation and retail sales today. Despite tariff-related inflation pressures, solid labor markets and household finances are expected to support consumer spending, with real GDP growth expected to be around 1.5% this year.

On Our Radar: Analysts will be watching building permits, housing starts and the import price index Friday morning for signals on the strength of the housing sector and potential shifts in inflationary pressures. On the earnings front, Take-Two Interactive, Applied Materials and Cava will release earnings after the market close.

TOP STORY

Only Half Of S&P 500 Stocks Joined The Tariff-Relief Rally: Time To Buy The Laggards?

Since the lows seen in April, the S&P 500 has bounced back in a big way, soaring 22% thanks to trade deals and easing trade tensions between the U.S. and China, as well as favorable economic data.

But beneath those headlines lies a surprising stat: only half of the S&P 500 companies have managed to rise above their 200-day moving average, indicating a market rally with narrow breadth, well below historical norms of 60% when looking at 5-year and 10-year averages.

That disconnect raises a provocative question: are we looking at a top-heavy rally, or the early stages of a broader breakout yet to come? Some experts see the rally being fragile, while others see opportunities with de-escalation in trade tensions and improved global sentiment.

Read on to uncover the names flying under the radar — and why they could be the market’s next big movers.

SPONSORED CONTENT

Aeva Shows Off Its Chops In Industrial Market With Sensys Gatso Australia Customer Win

Aeva Technologies Inc. (NYSE: AEVA), the maker of advanced LiDAR sensors, is expanding in the industrial markets, inking an exclusive deal with Sensys Gatso Australia, the provider of traffic enforcement solutions. Aeva will be the exclusive LiDAR supplier for secondary speed detection in Sensys Gatso’s new line of mobile speed detection products used for enforcement solutions on public roads in Australia.

It’s a big deal for Aeva. By selecting Aeva as its exclusive supplier, Sensys Gatso is sending the message that it thinks Aeva has the best technology to meet its needs. Plus, it gives Aeva another foothold in the industrial market, which is forecast to reach $118.97 billion by 2032. To learn more about that and Aeva’s technology, click here. 

This is a paid ad. Please see 17b disclosure here for more information.

FIVE ZINGERS

Chip Kingdom: Saudi Arabia just ignited a $1 trillion AI arms race, and U.S. tech giants such as Nvidia, Amazon, and Tesla are first in line to cash in. With next-gen chip deals, mega data centers and a green light from Vision 2030, could this be Wall Street’s most underestimated growth story?

Code Blue: UnitedHealth is reeling from a DOJ criminal probe into possible Medicare fraud. This all comes after a sudden CEO shake-up, which has led shares to fall nearly 50% over the past month. With investor confidence shaken and 2025 guidance suspended, click here to find out what this means for the future of one of America’s biggest healthcare giants.

Gold 2.0: Anthony Scaramucci believes that once Bitcoin hits $500,000, it will officially graduate into a full-blown asset class — just like gold. Why does Wall Street's favorite crypto bull say we may not be bullish enough? 

Shoe-prise!: Foot Locker’s stock skyrocketed 63% after reports that Dick’s Sporting Goods is nearing a $2.3 billion acquisition deal. Discover how this game-changing merger could reshape the retail landscape.

Boots Rising: Boot Barn’s stock is soaring, despite a Q4 earnings miss. With the board authorizing a $200 million stock repurchase and an optimistic fiscal outlook, this could be a stock to watch — check out the full story here.

ONE FOR THE ROAD

Gold Miners Slammed By US-China Trade Truce: Is It Time To Take Profit?

After a roaring start to the year, gold — which was off to its best start in decades — has fallen sharply over the past few days and has put gold miners on shaky ground.

The VanEck Gold Miners ETF — a widely tracked proxy for gold mining stocks — plunged 9.6% over three sessions, marking its worst three-day performance since April 2022.

The catalyst? The surprising news that the U.S and China have come to a trade agreement has reignited appetite for a risk-on approach for equities, sending gold prices tumbling.

In addition, technical patterns are starting to crack, seasonal headwinds are arriving right on cue, and support levels are being tested. Analysts are warning that the next few weeks could prove pivotal — not just for gold, but for anyone holding outsized positions in mining stocks. Are we looking at a healthy pullback or signs of a deeper correction? Read on to find out.

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