Happy Tuesday! Wall Street veteran Ed Yardeni just turned even more bullish on stocks, raising his S&P 500 target and warning that investors may be underestimating the market’s next potential meltup. Read on for all the details.

Also, Benzinga's Stock Whisper Index is out with five new picks that investors are secretly monitoring but aren’t talking about yet. See this week’s top picks!

Plus, if you’re looking to take control of your portfolio and uncover hidden opportunities, check out today’s sponsor — built by the creators of thinkorswim and tastytrade.

In Today's Edition

• TOP STORY

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

Wall Street's Biggest Bull Just Got Even More Optimistic, Raising His S&P 500 Target

Veteran Wall Street strategist Ed Yardeni is turning even more bullish on stocks, raising his S&P 500 year-end target after another wave of strong earnings.

Despite ongoing inflation concerns and geopolitical uncertainty, Yardeni believes investors continue to underestimate the resilience of the U.S. economy, among other things.

Read on to see his latest price target and why Yardeni says a meltup could be coming that will catch investors off-guard.

Your Salary Is Wrong, And Your Portfolio Is Wrong

Most retail investors and white-collar professionals are leaving millions of dollars and they don’t even know it. The good news is you don’t need a finance degree to stop the bleeding. Lossdog, a new platform from the creators of thinkorswim and tastytrade, will not only tell you what’s wrong with your portfolio and your salary, but also how to fix it.

The platform launched in April, and to reward early adopters, the fintech founders are offering the first 50,000 users who join the waitlist free access to Lossdog, plus a share of $1 million in cryptocurrency distributed across early members.

Join the Lossdog launch list here.

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

Yesterday: Stop us if you’ve heard this before, but the S&P 500 and Nasdaq once again climbed to fresh record highs, as Wall Street looks to extend the rally to seven consecutive weeks. Strong corporate earnings continues to drive sentiment, with more than 90% of S&P 500 companies having reported first-quarter results, with 84.3% surpassing analyst expectations. Overall, Q1 earnings are on pace to grow 26% — significantly higher than estimates of 12%-13% at the beginning of the earnings season. Lastly, oil prices moved higher after President Donald Trump criticized the month-old ceasefire between the U.S. and Iran as “ weak” and said it was “on life support” following Iran’s rejection and counterproposal, raising concerns over potential supply disruptions in the Middle East.

On Our Radar: Analysts will be paying attention to today’s headline event — consumer price index (CPI) — for a read on inflation, as well as remarks from several fed officials (John Williams and Austan Goolsbee). On the earnings front, all eyes will be on Sea Limited (SE), and Jd.com (JD) which will report earnings after the market close today.

Shares of Rocket Lab (RKLB), Lumentum (LITE), Circle (CRCL), and Coherent (COHR) were some of the biggest winners on the day — all up more than double digits. Meanwhile, Celsius (CELH), Dropbox, (DBX) and Dollar General (DG) were among the top laggards of the day. But those weren’t the only companies making big moves. Here’s a look at the top winners and losers from Monday.

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.

Forgotten Winners: Cathie Wood says a handful of forgotten tech names are suddenly back in the spotlight as AI spending spreads beyond the usual mega-cap winners. See her latest “blast from the past” picks that hint where the next AI momentum trade may be hiding.

Chip Challenger: Move over Nvidia — a new AI chip contender is stepping into the spotlight. Cerebras is attracting major hype ahead of its IPO this week, but the excitement may come with a catch investors can’t afford to ignore.

AI Jackpot: The University of Michigan scored one of the biggest venture wins in higher education history with its investment in Open AI. Read on to see how the university turned millions into billions and what comes next.

Chip Melt-Up: AI demand is pushing semiconductor stocks into territory not seen in 25 years. With one famous bear sounding the alarm, investors are now debating whether this rally is unstoppable — or nearing a turning point.

Stock Of The Day: Rocket Lab appears to be gearing up for another major move after flashing a breakout signal. See what traders are watching and where shares are likely headed next.

The Chip Sector Looks Like March 2000. Here's The Trade.

The chip sector is at a 25-year extreme and Matt Maley is already positioned on both sides. This Wednesday at 6 PM ET, he walks through exactly what he has on and where he sees the next move forming.

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.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.