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Space Exploration Technologies(NASDAQ: SPCX) is set to be incorporated into theNasdaq-100index after the market closes on July 6.
The Nasdaq-100 consists of the 100 largest non-financial companies by measure of market capitalization, and inclusion in the index can have a meaningfully positive impact on a company's stock price.
Because funds that track the Nasdaq-100 need to purchase shares of SpaceX to accurately reflect the index's composition, there could be a significant near-term uptick in demand for the stock as a result of the index rebalancing.
While its upcoming inclusion in the Nasdaq-100 could be a significant positive catalyst for SpaceX stock, I think there's a company already included in the index that stands out as a much better buying opportunity right now.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again.In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.Continue » While the trading backdrop for leadingartificial intelligence(AI) chip stocks has been incredibly bullish this year, many top software plays have actually been under pressure.
Despite posting strong business results and possessing great infrastructure and a wealth of established business relationships that have continued to expand,Microsoft(NASDAQ: MSFT) has been a poster child for lagging software stocks.
At the end of April, Microsoft published results for the third quarter of its 2026 fiscal year -- which ended March 31.
The business postednon-GAAP(adjusted) earnings per share of $4.27 on sales of $82.89 billion, significantly exceeding the average Wall Street estimate of $4.06 on revenue of $81.39 billion.
Overall revenue was up 18% year over year, and revenue from the company's Azure and other cloud services businesses rose 40%, beating the average analyst target for growth.
Despite the strong quarter, the company's share price has moved 8% lower since publishing the business update.
The stock is also down roughly 19% year to date and 28% from its lifetime high.
Trading at roughly 20 times this year's expected earnings, Microsoft isn't getting enough credit for its strengths in AI and the broader software market.
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