Mark Zuckerberg wants a piece of prediction markets. Meta (META) is reportedly building an app called Arena to challenge Polymarket and Kalshi, this time with a video-game points system instead of real money.

Call it the latest entry in Meta's long history of “borrowing” what works. Now can we bet it on how long it sticks around? We’ll take the under.

— Brooks & Cas

Amazon's (AMZN) Prime Day is back through June 26, and traders are busy pricing how much you'll drop on dinosaur microwave cleaners and octopus-shaped blackhead removers.

The market gives solid odds that US shoppers blow past $26B this round. Toilet bowl night lights for the whole fam!

📉 | AMC Entertainment (AMC) tumbled after agreeing to sell 95.3M shares for roughly $200M.

📈 | Edgewell Personal Care (EPC) jumped after rejecting a $30-a-share takeover bid from Yellow Wood Partners.

📉 | Carnival (CCL) fell after issuing weaker-than-expected Q3 guidance.

📈 | Zeta Global (ZETA) advanced after partnering with Palantir (PLTR) to rebuild its data cloud on Foundry.

📉 | Primoris Services (PRIM) tumbled after cutting guidance on renewables cost overruns and announcing its COO's departure.

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CDW has been a clear straggler among enterprise hardware names. Analyst Erik Woodring thinks that streak ends now.

He upgraded the stock to Overweight, arguing the so-called IT disruption fears weighing on shares are overstated. Positive estimate revisions and a return to operating leverage in the back half should help dispel the worry.

CDW trades at 11x forward earnings, well below the S&P 500's 20.9x and the Nasdaq-100's 25x.

More than 20% of revenue now comes from stronger-than-expected demand for servers, storage and networking, and leadership has pointed to double-digit EPS growth.

A fresh $1B buyback announced in late May adds more fuel to Woodring’s thesis.

The Street is already warming up. Seven of the 12 analysts covering CDW rate it a Buy or Strong Buy.

Shares sit in the red year-to-date while the broader market trades near records. Woodring is betting that gap closes. As the frontrunners start to lose steam, the firm believes CDW has plenty of power left in the bank.

🏭 US factory job cuts ran at their highest since 2009 in June, excluding the pandemic, even as the manufacturing PMI ticked up.

🏦 New Federal Reserve Chair Kevin Warsh reset the search for the next Atlanta Fed president, with former deputy Treasury Secretary Michael Faulkender among those considered.

⚖️ The Justice Department charged roughly 450 defendants in healthcare fraud schemes totaling more than $6.5B, its largest such effort to date.

💰 Senate Democrats are demanding hearings into a secret $500M investment from an Emirati royal into the Trump family's crypto venture, World Liberty Financial.

👴 Outgoing Senator Bill Cassidy is pushing a Social Security fix that would borrow $1.5T to invest in stocks on the program's behalf.

Do you own any shares of Credo Technology (CRDO)?

▇▇▇▇▇▇ 🐂 Yup, I'm holding

▇▇▇▇▇▇ 🐻 Nope, not interested

▇▇▇▇▇▇ 👀 No, but I'm interested