June 1, 2026
Weekly Pick — Data from Monday June 1 close
📡 Market Context — Week of June 1
🚀 S&P 500 closes at a record 7,599.96! Tech rally overpowers oil spike as NVDA CEO Jensen Huang unveils the N1X chip at Computex — calling it "the reinvention of the computer." ARM +15.73%, HPE +30% on earnings blowout. Iran tensions escalate — oil surges 5.5% to $92 after Iran stops talks, threatens Strait of Hormuz. 10Y yield at 4.46%. D-Wave Investor Day at NYSE today. ⚡ Key catalysts this week: Computex continues · ISM Manufacturing PMI June 2 · JOLTS data June 3 · Jobs Report June 5 · Iran negotiations in focus.
| Ticker | Price | Change | 52W Range | Volume | Key Event |
|---|---|---|---|---|---|
| TSLA | $415.88 | -4.57% 🔴 | $273.21 — $498.83 | 42.81M | Wall Street weighs Tesla-SpaceX merger · Robotaxi fleet trails Waymo in Texas |
| FLY | $44.24 | -4.84% 🔴 | $16.00 — $73.80 | 16.13M | Pricing of 4M new + 8M secondary shares at $48 · NASA JPL MoonFall $75M drone contract |
| RKLB | $122.39 | -14.70% 🔴 | $25.24 — $151.00 | 36.66M | SpaceX IPO S-1 filing fuels space stock rally · Multiple insiders sold stock this week |
| IONQ | $69.28 | -3.87% 🔴 | $25.89 — $84.64 | 25.91M | Barron's highlights IONQ among 6 quantum stocks to watch · Profit-taking after last week's rally |
| RGTI | $25.63 | +0.35% 🟢 | $10.30 — $58.15 | 69.36M | Post-quantum cryptography migration tooling launched · Washington's $2B quantum gamble |
| QBTS | $29.18 | -3.19% 🔴 | $12.75 — $46.75 | 48.31M | D-Wave Investor Day at NYSE June 1 · Quantum rally profit-taking · IBM quantum gains lift sector |
| QUBT | $12.39 | +3.60% 🟢 | $6.18 — $25.84 | 31.73M | Barron's: Quantum is more than speculative · Revenue up 1,026% YoY · IBM quantum rally has legs |
💻 Hewlett Packard Enterprise (HPE) — $47.00 +30.00% 🔥
- Biggest earnings beat since 2018 — EPS $0.79 adj. vs $0.53 expected (+50%)
- Revenue $10.68B vs $9.79B (+40% YoY) — AI server revenue crushing estimates
- Server revenue $5.45B vs $4.66B expected. Cloud & AI unit $7.71B vs $6.87B
- Post-earnings momentum with real fundamental support. AI infrastructure demand is secular.
📱 Arm Holdings (ARM) — $408.85 +15.73% 🔥
- N1X PC chip unveiled at Computex — ARM architecture going into PCs is a multi-year structural shift
- Partnership with NVDA and MSFT — "reinvention of the computer, as big as the smartphone"
- AI edge computing driver. Every PC running ARM = licensing revenue for years
- Entry near $390-400 after today's surge. Long-term AI/PC cycle play.
🛢️ Exxon Mobil (XOM) — $149.38 +2.84% 🟢
- Contrarian energy bet. Iran Strait of Hormuz threat is real — oil surged 5.5% to $92 today
- WTI at $92.17 with potential to $100+ if Strait of Hormuz faces any disruption
- XOM has been our worst performer (-6.92% from May 18 entry) — mean reversion opportunity
- Asymmetric upside: geopolitical catalyst + cheap valuation = compelling risk/reward
📝 Report compiled June 1, 2026 · Next update: June 8