HAPPY JUNETEENTH TO THE STREET
Wall Street takes the day off for Juneteenth, the holiday marking the end of slavery in 1865.
To honor it, Utah's Redemption Bank, one of the few Black-owned banks in the US, is launching the Bank King Card, a debit card that funnels donations to single mothers in government housing, echoing the guaranteed-income pilots that have nudged families out of poverty nationwide. A reminder that financial access, not just returns, builds wealth over time.
Meanwhile, we’re celebrating by doing what we love: breaking down everything important that’s happening on Wall Street. (Even when there’s not much happening at all.)
— Brooks & Cas
WILL ELON CLEAR $1.3 TRILLION?
Elon Musk is officially the world's first trillionaire, and Kalshi traders are now haggling over the next zero. The question: does his net worth clear $1.3 trillion in Bloomberg's June 30 reading?
SpaceX's blockbuster IPO already vaulted him past Switzerland's entire economy, so the only suspense is how much daylight he leaves the rest of us.
Tomorrow's Trade Idea, Today
NANO'S NUCLEAR OPTION
Stock Spotlight
Stock: Nano Nuclear Energy (NNE)
Firm: Roth Capital Partners
Current Price: $28.21
Price Target: $45
Implied Upside: 60%
Cold Start
Someone wants in early. Roth Capital initiated coverage of Nano Nuclear Energy with a Buy, wagering that its 15-megawatt KRONOS micro-reactor hits commercial life just as the power grid starts gasping.
Analyst Craig Irwin also likes that management is spreading its bets across the uranium lifecycle.
Power Hungry
The setup runs on the AI energy crunch. Hyperscalers including Amazon (AMZN) and Nvidia (NVDA) have pledged a combined $700B to build data centers, and those server farms devour electricity.
Irwin sees small modular reactors filling the gap, with advance orders from hyperscalers as the obvious catalyst. He calls Nano's meltdown-resistant, gas-cooled design differentiated enough to pull ahead of rivals.
Read the Fine Print
The Street is mostly on board. 5 of 6 analysts covering Nano rate it Buy or Strong Buy, and shares have run higher over the past month.
One key asterisk, though. Irwin ranks in the bottom 2% by track record, according to Wall Street Zen, making this a high-risk, high-reward play.
Promising upside… but maybe pack a hard hat?
Looking for more reliable upside? Street Sheet Research members get 3 stock picks from the Top 30% of analysts with 30%+ implied upside each week.
Do you own any shares of NANO Nuclear Energy (NANO)?
OVERHEARD ON THE STREET
🕊️ Israel and Hezbollah agreed to a renewed ceasefire set to begin this afternoon, after Washington's talks with Iran were postponed amid fresh fighting in Lebanon.
🤖 Google (GOOGL) is borrowing Nvidia's playbook, deploying billions in financial guarantees to win data-center customers for its in-house TPU AI chips.
📱 Mukesh Ambani's Jio Platforms filed for a roughly $3.8B Mumbai listing that could become India's biggest IPO ever.
🎟️ World Cup fans are being left at the gates as resale orders through StubHub (STUB) collapse, with some sellers never holding tickets in the first place.
🥗 Speaking of the World Cup, the TSA warned that ranch dressing counts as a liquid and must be checked on flights. Demand for the dressing, made by Hidden Valley (CLX) and others, is surging among overseas visitors.
THURSDAY'S POLL RESULTS
Do you own any shares of CME Group (CME)?
▇▇▇▇▇▇ 🐂 Yup, I'm holding
▇▇▇▇▇▇ 🐻 Nope, not interested
▇▇▇▇▇▇ 👀 No, but I'm interested
And, in response, you said:
🐻 Nope, not interested: “I have the same concerns about their business model and leverage issues that I did before the slide.”
👀 No, but I'm interested: “They command a decent market share in an area where larger is better.”
