Where The Market Stands Monday

In the wake of the assassination attempt on Donald Trump, U.S. stock futures jumped, Bitcoin surged past $60,000, and Trump Media & Technology Group shares soared 70% in premarket trading. 

Major Forces At Work

The market's swift response to the Trump incident reflects heightened anticipation of potential policy shifts if he returns to the White House. Investors are betting on tax cuts, higher trade tariffs, and deregulation, pushing Treasury yields higher. 

Beyond U.S. political drama, several other forces are set to influence the markets this week:

  • French Elections: The recent elections in France have resulted in a hung parliament, leading to political uncertainty and potential policy gridlock, impacting European stocks and the euro. 
  • Shipping and Weather-Related Delays: Severe weather has disrupted major shipping routes, particularly in the Pacific, affecting global supply chains. These delays impact delivery times and increase costs, especially in retail and manufacturing.
  • Geopolitical News: Tensions in the South China Sea and recent conflicts in the Middle East are contributing to market volatility. Escalations raise concerns about oil supply stability, impacting crude oil prices and related stocks.

What To Watch For This Week

Here are some key stocks and sectors to keep an eye on this week:

Big Movers

  • Trump Media & Technology Group (TMTG): After a 70% surge, continued volatility is expected.
  • Bitcoin (BTC): Surged past $60,000, with potential for further gains amid political uncertainty.
  • Tesla (TSLA): Ongoing market interest due to Elon Musk's political endorsements and promises of innovation.

S&P 500

  • Goldman Sachs (G.S.): Earnings report due.
  • BlackRock (BLK): Earnings report due.

Nasdaq

  • Apple (AAPL): Apple remains a significant mover with strong market influence.
  • Microsoft (MSFT): Continued growth in cloud computing and A.I. sectors.

NYSE

  • Boeing (B.A.): Watch for news of production delays and order changes.
  • Chevron (CVX): Energy sector stocks remain volatile amid geopolitical tensions.

Buy Low Options

  • Ford (F): The recent dip could present a buying opportunity with new model launches.
  • Cisco Systems (CSCO): Tech stock with potential rebound as infrastructure spending increases.

Analysts' Picks

  • NVIDIA (NVDA): Following recent earnings beats and product announcements, analysts watch for potential pullbacks or continued strength.
  • Alphabet (GOOGL): Advanced talks to acquire cybersecurity startup Wiz for $23 billion could boost the stock as it expands its security portfolio.

The fallout from the Trump assassination attempt and other global factors is poised to dominate market movements this week, with potential volatility to take advantage of.

Sean Kelland does not have positions in any of these companies. Stocks.News has positions in Tesla, Apple, Microsoft, Google, and Ford.