To The Moon

$S&P 500(.SPX)$ The market is buzzing with action as the S&P 500 hits a fresh high of 6,466.58, up 0.3%, and the Nasdaq climbs to 21,713.14, gaining 0.1%, reflecting a robust two-day rally. Bitcoin’s leap past $124,000, pushing its market cap to $2.457 trillion and overtaking Alphabet, adds fuel to the fire, while the Dow Jones rises 1% to 44,922.27. With a 100% probability of a 25-basis-point rate cut in September and strong Q2 earnings boosting confidence, today’s session offers a mix of cyclical and tech-driven plays. Tariffs (30% on EU/Mexico, 35% on Canada) and oil at $75/barrel inject caution, but the VIX dropping to 14.49 signals optimism. What movements are shaping the day, which stocks deserve a close eye, and what trading plans can seize the moment? Dive into the details below.

Market Movements: What’s Driving the Day?

Today’s market pulse is shaped by key developments:

• Rate Cut Euphoria: The CME FedWatch’s 100% odds of a September rate cut, up from 84% pre-inflation data, has investors piling into equities, with weak job data and tame July CPI fueling the shift.

• Earnings Highlights: Elbit Systems ($1.97 billion revenue, beating $1.88 billion estimate) jumped 5.6%, Performance Food Group ($16.94 billion, topping $16.89 billion) rose 3%, and Rigetti Computing ($1.8 million, despite a miss) gained 6.4% on quantum computing buzz.

• Sector Rotation: Cyclicals like Materials (XLB up 1.9%), Health Care (XLV up 1.6%), and Energy (XLE up 1.2%) outpace tech, though Nasdaq’s 21,803.75 intraday high shows tech resilience.

• Crypto Catalyst: Bitcoin’s $124,002 surge, with $719 million in ETF inflows, lifts related stocks, while Cisco’s AI-driven earnings beat (though stock dips) hints at sector rotation risks.

• Global Ripple: UK’s 0.3% GDP growth and EU data anticipation add international flavor, though tariff talks with China and Canada stir uncertainty.

Posts on X reflect a mix of excitement over rate cuts and caution about tariff impacts, suggesting a market at a pivotal juncture.

Stocks to Watch: Today’s Top Picks

Several stocks stand out based on news and momentum:

• Rigetti Computing ( $Rigetti Computing(RGTI)$ ): Up 6.4% after a 99.5% fidelity breakthrough in quantum computing, trading at $19.50 near $20 resistance. A potential 15-20% move if it breaks out.

• Performance Food Group ( $Performance Food(PFGC)$ ): Gained 3% with a $1.55 EPS beat ($1.45 expected), at $82.30, eyeing $85-$87 if food demand holds.

• Elbit Systems ( $Elbit Systems Ltd(ESLT)$ ): Up 5.6% after a $3.23 EPS surprise ($2.57 expected), trading at $260, with a possible $270 target on defense spending tailwinds.

• CoreWeave ( $CoreWeave, Inc.(CRWV)$ ): Down 9% post-earnings despite a $1.21 billion revenue beat, at $128.76, offering a dip-buy chance if it stabilizes above $125.

• Bitmine Immersion ( $BitMine Immersion Technologies Inc.(BMNR)$ ): Soaring on ETH treasury growth to 1,150,263 coins ($4.96 billion), up 14.7% to $60, with $65-$70 in sight if crypto momentum persists.

These names reflect quantum, food supply, defense, AI cloud, and crypto themes, aligning with today’s market narrative.

Trading Opportunities: Seize the Moment

Today’s volatility opens doors for strategic moves:

• Breakout Plays: RGTI at $19.50-$20 could hit $23-$24 on volume, while ESLT at $260-$270 offers a 5-10% upside if defense orders grow.

• Dip Buys: CRWV at $125-$128 could rebound to $140-$150 if AI demand overshadows margin concerns, and PFGC at $82-$83 targets $85-$87 on consumer strength.

• Momentum Trades: BMNR at $60-$62 could surge to $65-$70 if ETH climbs to $4,800, leveraging its 1,300% YTD run.

• Sector Rotation: XLB (Materials) at $95 and XLE (Energy) at $92, up 1.9% and 1.2%, could add 3-5% if cyclical bets continue.

• Hedge Options: SPY calls at $646 or puts at $614 for a 5-10% market move, given the VIX at 14.49.

The market’s 4.05-to-1 advancer-decliner ratio on NYSE and 2.53-to-1 on Nasdaq suggests broad strength, but tariff news could trigger a 3-5% pullback.

My Trading Plan: Capitalizing on the Surge

I’m leaning into today’s momentum, targeting quick gains with calculated risks. I’ll buy RGTI at $19.50-$20, aiming for $23-$24, with a $18.50 stop, banking on quantum hype. I’ll add PFGC at $82-$83, targeting $85-$87, with a $80 stop, riding food sector strength. For a dip play, I’ll grab CRWV at $125-$128, targeting $140, with a $120 stop, if AI stabilizes. I’ll scalp BMNR at $60-$62, selling at $65-$67, with a $58 stop, riding crypto waves. I’ll diversify with XLB at $95, targeting $98, with a $93 stop, and hedge with SPY calls at $646, targeting $660, with a $640 stop. I’m holding 20% cash for tariff-related dips and will monitor Fed comments and ETF flows.

Key Metrics

The Bigger Picture

The S&P 500’s 6,466.58 high, Nasdaq’s 21,713.14 peak, and Bitcoin’s $2.457 trillion milestone signal a market fueled by rate cut hopes, strong earnings, and crypto gains. Elbit, PFGC, RGTI, CRWV, and BMNR lead today’s watchlist, offering 5-20% upside, but tariffs and a potential 3-5% pullback loom. The VIX at 14.49 and 16.49 billion shares traded suggest stability, yet global growth data and Fed remarks could shift tides. Investors should target breakouts and dips, use options for leverage, and hedge with SPY or VIXY. This surge is your shot—play it smart.

What’s your top stock to watch today? Drop your plan below! 🎁

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