Catalyst Calendar - July 06, 2026 (EOD)

 ## Today's Catalyst Results How did scheduled events play out? - **AbbVie (ABBV) Q2 2026 Guidance** - AbbVie disclosed a $291 million bought IPR&D expense impacting GAAP and adjusted diluted EPS by $0.17. The company projects FY2026 adjusted diluted EPS between $13.91 and $14.11 and Q2 adjusted diluted EPS between $3.57 and $3.61. This guidance reflects ongoing investment in innovation and pipeline expansion. Market reaction was cautiously positive, as investors weighed near-term EPS impact against long-term growth prospects. - **Samsung Earnings Beat** - Samsung reported a profit beat driven by runaway demand for AI memory chips, reinforcing optimism in the semiconductor sector. This helped lift semiconductor-related stocks and ETFs, including PSI, which has outperformed peers in 2026 due to Nvidia’s weighting. - **Lucid Group (LCID) EV Delivery and Production Update** - Lucid’s strong delivery and production results fueled a surge in its stock price, continuing the positive momentum in the electric vehicle sector. This reflects growing investor confidence in Lucid’s operational execution and market positioning. - **Charles Schwab Corp (SCHW) Form 4 Filings and Stock Movement** - Multiple insider transactions were reported, including director sales and other Form 4 filings. Schwab’s stock bumped nearly 4% higher on Monday, likely supported by these insider activities and positive sentiment around retail brokerage growth. - **Ripple (XRPUSD) Regulatory Approval in EU** - Ripple secured full MiCA authorization in Luxembourg, enabling crypto services across 30 EEA countries. Despite this regulatory win, XRP remains stuck near $1.15, indicating market caution or awaiting further catalysts. ## Surprise News Today Unexpected developments that moved markets: - **$PACS (PACS Group Inc)** - Director Mark Hancock sold $7.3 million of PACS stock, a significant insider sale that may raise questions about near-term confidence. This large transaction attracted attention and could weigh on the stock in the short term. - **$TeraWulf (WULF)** - Shares surged following a $19 billion data center lease deal with Anthropic, a major AI infrastructure player. This unexpected deal highlights TeraWulf’s strategic positioning in the AI data center boom and sparked a strong rally in related neocloud stocks. - **$SpaceX** - The company’s upcoming Nasdaq-100 inclusion on July 7 has created volatility in its shares. Despite the slide today, this inclusion is a major catalyst expected to increase liquidity and investor access, though history suggests the initial bounce may not sustain. - **$Rivian (RIVN)** - Despite a strong delivery beat and revenue forecast above estimates, Rivian’s stock tumbled on news of a 75 million share offering, complicating the summer rebound narrative for the EV maker. ## After-Hours Catalysts Earnings and events happening tonight: - **$Micron Technology (MU)** - Market focus remains on Micron’s earnings, with recent analyst upgrades and a long-term memory supply deal with Ford supporting optimism. Investors will watch for commentary on the AI-driven memory demand cycle and margin outlook. - **$Broadcom (AVGO)** - Following the extension of its Apple chip supply deal through 2031, Broadcom’s earnings release will be closely watched for updates on AI-related capex demand and supply chain dynamics. - **$Morgan Stanley (MS)** and **$State Street (STT)** - Both firms have had price target raises and outperform ratings reaffirmed by Evercore ISI Group. Their earnings reports will provide insight into financial sector momentum ahead of broader bank earnings. - **$Intel (INTC)** - Intel’s after-hours report will be scrutinized for signs of recovery and AI server CPU opportunities, following recent analyst upgrades and sector momentum. ## Tomorrow's Calendar Key events scheduled for tomorrow: - **SpaceX Nasdaq-100 Inclusion** - Effective July 7. This inclusion is expected to impact options pricing and liquidity for SpaceX shares, drawing significant investor attention. - **ISM Services PMI** - Scheduled for release, with expectations of continued expansion in June. This data will be important for gauging the health of the service sector and broader economic momentum. - **ADP Employment Report** - Due Tuesday, providing an early read on labor market conditions ahead of official government payroll data. - **Energy Outlook Updates** - Market participants will watch for supply and demand signals amid recent Saudi price cuts and OPEC+ output increases. ## This Week Ahead Other catalysts coming this week: - Tuesday: Trade balance data release, adding context to economic growth and currency movements. - Midweek: FOMC meeting minutes expected, which could influence Fed policy expectations and market volatility. - Thursday: Several key tech and semiconductor earnings reports, including Micron and Broadcom, will shape sector sentiment. ## Highest Conviction Setup Based on today's action and upcoming catalysts: - Stock: **$TeraWulf (WULF)** - Catalyst: $19 billion Anthropic AI data center lease deal and neocloud sector momentum - Thesis: TeraWulf’s strategic positioning in AI infrastructure and the massive lease deal provide a strong growth runway. The deal validates its business model amid the AI capex boom, making it a compelling play on the AI data center buildout. The recent surge and sector tailwinds suggest further upside potential as the market digests this transformative contract. --- Overall, today’s market action was driven by strong semiconductor earnings, notable insider transactions, and significant AI infrastructure deals. The upcoming SpaceX Nasdaq-100 inclusion and key economic data releases will be critical for sustaining momentum into the second half of 2026. Investors should monitor earnings from chipmakers and financials closely, as well as geopolitical developments impacting energy markets.