Day Trade Cheat Sheet - July 07, 2026 (Morning)

 ## MARKET MOOD: MIXED U.S. futures show a split mood with Dow Jones futures gaining while S&P 500 and Nasdaq 100 futures slip. The market is digesting mixed signals from tech earnings, AI sector caution, and the debut of SpaceX on the Nasdaq 100, which has triggered some profit-taking. ## TOP 5 HEADLINES 1. SpaceX joins Nasdaq-100 with multiple Wall Street banks initiating coverage → Impact: Boosts aerospace and tech sectors but sparks a sell-the-news reaction in SpaceX shares. 2. Rivian announces a 75 million share offering, shares fall 10% premarket → Impact: Negative pressure on EV stocks and raises concerns about dilution. 3. Samsung reports a 19-fold jump in quarterly profit but chip stocks sell off → Impact: AI chip valuation fears weigh on semiconductor sector despite strong earnings. 4. Salesforce commits $1 billion to Switzerland to accelerate agentic AI development → Impact: Positive catalyst for AI-related software stocks including **$CRM**. 5. Intel stock falls 4% premarket amid broader tech pullback → Impact: Adds to semiconductor sector weakness and tech volatility. ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$CRM** - $1B AI investment in Switzerland boosts AI growth prospects **$SPCX** (SpaceX) - Nasdaq-100 inclusion with multiple buy ratings from Wall Street banks **$MA** - Price target raised to $680 by Baird on strong payments outlook **$WMT** - Rolling back prices on key items after Trump’s comments, supporting consumer spending ### Shorts (Bearish Catalysts) **$RIVN** - 10% premarket drop on 75 million share capital raise **$MU** - Semiconductor selloff despite strong earnings, raising valuation concerns **$INTC** - 4% premarket decline amid tech sector weakness **$SNDK** - Shares plunge 14% on AI memory chip competition fears **$LMT** - MoU for munitions production in Europe may face geopolitical risks ## INDEX BIAS **SPY:** NEUTRAL - Mixed earnings and sector rotation keep S&P 500 range-bound with defensive and tech stocks diverging. **QQQ:** BEARISH - Tech and AI chip stocks under pressure post-Samsung earnings and Intel weakness. **IWM:** NEUTRAL - Small caps steady but lack clear catalysts amid broader market caution. ## SECTORS **Favor:** Technology (select AI and software names) - Supported by Salesforce's AI push and SpaceX optimism. **Avoid:** Semiconductors - Profit-taking after Samsung’s earnings and Intel’s decline signals near-term pressure. ## CATALYST WATCH - 10:00 AM ET: U.S. Trade Balance data (watch for impact on dollar and industrials) - 2:00 PM ET: Fed Minutes release (potential volatility in rates-sensitive sectors) - July 14: Goldman Sachs Q2 earnings preview (expected EPS $13.95, revenue $15.9B) ## BOTTOM LINE **Today's Play:** Selective The dominant theme is a cautious stance on tech and semiconductor stocks amid profit-taking after strong earnings, while aerospace and AI software names like **$SPCX** and **$CRM** offer selective upside. The big risk is dilution pressure on EV stocks like **$RIVN** and renewed tech volatility ahead of Fed minutes. Traders should focus on high-conviction AI and defense plays while avoiding semiconductor and EV names showing early weakness.