What a difference a year makes. In April 2025, investors were wrangling with Liberation Day lows. Now, the Nasdaq is in the midst of its best win streak in 34 years, the Strait of Hormuz is reopened, and an Iran relief rally appears imminent. All week long, investors either looked past geopolitical tensions and economic data, or cheered the latest upbeat economic developments.
All three major indexes are cruising toward their third-straight weekly win, with March's market malaise but a distant memory at this point.
Bears Under Pressure Everywhere
With the return of a risk-on attitude, high beta stocks with short squeeze potential burned bearish bettors. Satellite stocks and the quantum computing sector are buzzing, while data center stock Iren (IREN) clears a key trendline. Even beaten-down retailer AllBirds (BIRD) is pivoting to AI. Hims & Hers (HIMS) got a much-needed FDA boost that is sure to pressure short sellers, while Affirm (AFRM) is a name to watch in the fintech space.
Earnings and Other Dealings
If you’d believe it, there were other noteworthy developments on Wall Street this week beyond the world of tech. Morgan Stanley (MS) and PepsiCo (PEP) earnings had options bulls buzzing. Streaming giant Netflix (NFLX) wasn’t as lucky to end the week. Trading platforms cheered the removal of day-trading restrictions, while lesser-known semiconductor supplier Credo Technology (CRDO) is making moves.
Can Wall Street Keep the Party Going?
Next week will usher in a deluge of blue-chip and airline earnings, as well as possible ramifications of more upbeat Middle East developments, meaning it should be a fascinating one for investors. Keep an eye on uranium stocks, including Top 2026 pick Cameco (CCJ), especially as oil prices deflate. More broadly, what happens with the S&P 500 now that 7,000 is cleared?
