HAPPY FRIDAY TO THE STREET.
That $14 Snickers finally checked out. Hotels are yanking those humming “fridges of regret” and swapping them for lobby grab-and-go’s and DoorDash perks—because eight staffers babysitting tiny Tito’s bottles isn’t exactly margin-friendly.
Guests would rather earn loyalty points on Uber Eats than pay for stale Pringles, and the math agrees. Boutique spots may still flaunt artisanal gummies, but for most chains, the minibar is fast becoming a mini-was.
🟩 | US stocks clocked fresh records Friday as optimism over a China trade framework outshone a late-day flare-up in U.S.–Canada tariff talk.
📈 | One Notable Gainer: Nike $NKE ( ▼ 1.39% ) stock jumps as CEO signals turnaround progress, easing investor concerns despite no clear timeline for return to growth.
📉 | One Notable Decliner: CorMedix $CRMD ( ▼ 1.44% ) fell after announcing an $85M common stock offering via RBC Capital Markets.
— Brooks & Cas
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STOCK HEATMAPS
S&P 500 Heatmap. Credit: Finviz
All Stock Heatmap. Credit: Finviz
Global ADR snapshot. Credit: Finviz
Market Movers
CONCENTRIX, BOEING, ROYAL CARRIBEAN
$CNXC ( ▲ 2.21% ) Concentrix (CNXC) Declares Quarterly Dividend and Q2 2025 Financial Highlights (GuruFocus)
$BA ( ▼ 2.34% ) Boeing Stock Among Dow Jones Winners After Upgrade On 'Positive Turn' (IBD)
$PLTR ( ▲ 4.27% ) Why Palantir Stock Is Sinking Today (Motley Fool)
$MRVL ( ▲ 0.31% ) Mixed options sentiment in Marvell with shares up (TipRanks)
$COIN ( ▼ 0.83% ) The Case for Coinbase Stock Hitting $510 This Year (Barchart)
OVERHEARD ON THE STREET
WSJ: United Natural Foods restores systems after cyberattack but warns of Q4 financial hit from sales disruption and recovery expenses.
QZ: Google unveils new AI app that lets users virtually try on outfits using generated images and videos—no dressing room needed.
Axios: Uber is in talks with ex-CEO Travis Kalanick to help fund his bid for Pony.ai’s U.S. arm, marking a surprising reunion amid rising robo-taxi competition.
TechCrunch: Meta is offering multi-million-dollar pay packages to top AI researchers, but denies $100M signing bonuses, clarifying most deals include RSUs
USA Today: Walmart opens “dark stores” in Dallas to speed up online order fulfillment—these test locations aren’t open to the public.
Tomorrow's Trade Idea, Today
A PICKS AND SHOVELS AI PLAY
Kinder Morgan: Surprise AI Winner?
Chances are, you’ve heard how it was the folks selling picks and shovels who made the real fortunes during the Gold Rush, rather than the miners themselves.
A similar dynamic may be playing out with the AI revolution. AI enthusiasm helped mint almost 600,000 millionaires in America last year as chipmakers like Nvidia $NVDA ( ▲ 0.15% ) soared, according to Bloomberg.
But Barron’s, as well as a handful of Wall Street analysts, say a surprising $29 stock may emerge as an AI winner. A recent article argues that this is natural gas’s time to shine. And that’s great news for Kinder Morgan $KMI ( ▲ 1.45% ), an energy infrastructure company with over 65,000 miles of gas pipeline.
AI Pipeline
Sam Altman, CEO of OpenAI, the company behind ChatGPT, has warned that the future of AI depends on an energy breakthrough.
But as Barron’s points out, energy infrastructure such as nuclear power plants can take years to build. Clean energy is hampered by high interest rates and the current administration’s determination to roll back tax credits for the industry.
As a result, natural gas is pumping. Kinder Morgan forecasts U.S. demand to rise by at least 20 billion cubic feet per day by 2030.
Gas Is the New Gold
Shares of the stock, trading around $29 today, are up about 10% in the last month. Bank of America $BAC ( ▲ 0.42% ) analyst Jean Ann Salisbury called it one of her two favorite plays in the sector, noting its “broad-based activity” driven by more than just demand from AI data centers.
Every company faces challenges, and for Kinder Morgan, one potential issue is its tens of billions of dollars in debt, compared to just $86 million in cash on hand. It’s also pursuing a capital-intensive expansion strategy, and analysts have raised concerns about a slowdown in drilling.
AI may be the future, but it needs Kinder Morgan’s gas network to power through. If things get blocked, so could investor hopes.
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ON OUR RADAR
Axios: Trump ends U.S. trade talks with Canada over digital tax on tech firms, vows to impose new tariffs within a week, escalating cross-border tensions.
Reuters: Trump plans executive orders to boost U.S. AI development and energy capacity, aiming to outpace China in the race for tech and military dominance.
CNBC: ‘Revenge saving’ is trending as 71% of Americans shift focus to emergency funds, with the U.S. saving rate rising to 4.5%.
QZ: An AI measure in Trump’s tax bill faces bipartisan Senate pushback, as it ties $500M in funding to a ban on state-level AI regulations.
CNBC: The core PCE price index, the Fed’s preferred inflation gauge, rose 2.7% in May—above expectations—while consumer spending and income both declined.
YESTERDAY’S POLL RESULTS
Are you bullish or bearish on Chewy $CHWY ( ▼ 0.49% ) in the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “It will continually do well but not sure about the veterinary clinic.”
🐻 Bearish — “People love their pets, but I don't think they love them so much to pay the price. Cookies sound better. ”
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