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Yahoo
21 minutes ago
- Yahoo
The stock market is being led by a new group of winners
The stock market is being led by a new group of winners originally appeared on TheStreet. For a while, the S&P 500's returns have been dominated by a select group of technology kingpins known as the Magnificent 7. Those seven stocks, Alphabet, Apple, Amazon, Microsoft, Meta Platforms, Nvidia, and Tesla, powered the market higher due to massive spending and demand growth for artificial intelligence training and remain key cogs in the S&P 500's performance, but more recently, a new basket of stocks is delivering big returns, potentially signaling the early days of a regime change. Unlike the Mag 7, the new leaders are far less tied to AI. Sure, names like Palantir and Nvidia remain big winners, but the broader group of stocks delivering eye-popping returns spans more industries, including finance and, yes, even space. Stocks jump on renewed optimism It's been a tale of two markets this year. First, stocks took a drubbing beginning in February when President Donald Trump launched his trade war, instituting 25% tariffs on Canada and White House followed that up with more tariffs, often higher than Wall Street and businesses expected, including a baseline 10% tariff on all imports and a 25% tariff on autos. Altogether, the tariff tit-for-tat took a big toll on stocks, causing the S&P 500 to fall by 19% — nearly into bear market territory — and the Nasdaq Composite to tumble about 24% through early April. Then, everything changed. President Trump paused most reciprocal tariffs on April 9, providing leeway for trade deals that could settle tariffs at more reasonable levels. The glimmer of hope for avoiding a worst-case scenario of high tariffs sparking inflation and sending the economy into a tailspin marked a bottom for stocks, kicking off a record-setting rally. The S&P 500 has marched 24% higher, while the Nasdaq has rallied by over 30% as more people have lowered their forward inflation expectations. While there's some concerning economic data on jobs and the economy, market gains suggest we'll sidestep an economic reckoning, providing upside to revenue and earnings growth. New stock market leaders emerge By now, most investors are familiar with market darlings Nvidia and Palantir, two of the most prominent AI players. Given its dominance in high-end AI semiconductor chips and optimization software, Nvidia is the de facto Goliath in AI network infrastructure. Palantir has become a go-to for securely developing AI apps for government and stocks have been top performers over the past few months, rising 82% and 107% from their early April lows. But other big-cap technology companies haven't performed nearly as well. Alphabet and Apple are up 28% and 23%, respectively. Solid, but not game-changing. You could have bought the Nasdaq 100 and done much better. Instead, a new set of stock market darlings has been outpacing the market, including space technology leader Rocket Lab () and fintech leader SoFi Technologies () . Cryptocurrency leader Coinbase () has also been a star. These three stocks are up 214%, 130%, and 176%, respectively, from their April lows. Moreover, to understand just how good the performance of this new basket of leaders has been, you need look no further than the VanEck Social Sentiment ETF () . The BUZZ ETF invests in "75 large cap U.S. stocks, which exhibit the highest degree of positive investor sentiment and bullish perception based on content aggregated from online sources including social media, news articles, blog posts, and other alternative datasets," according to VanEck. In short, it attempts to keep its finger on the pulse of the most interesting stocks. So far, that strategy is working. The BUZZ ETF gained 36% in the second quarter and is up 22% year-to-date through June. Meanwhile, the S&P 500 is up 11% and 6%. It's up 66% since early April, and month-to-date through July 18, it's gained 8% versus a 2% return for the Nasdaq. More on next-generation stocks:"Look at how poorly the QQQs have done relative to BUZZ since April. Think about this, we consider the QQQs to be the pinnacle of technology stocks, yet they practically look like the healthcare stocks relative to the S&P when compared to BUZZ," wrote long-time technical analyst Helene Meisler on TheStreet Pro. It's not just Rocket Lab, Coinbase, and SoFi powering the ETF, either. Yes, those are the three largest holdings in BUZZ, but AST SpaceMobile and Robinhood () are number four and five, and they've been up 186% and 219% since early April. Nvidia and Palantir are only BUZZ's 10th and 11th biggest holdings, so while their gains are substantial, they're not the ones behind the ETF's significant outperformance. Does the rise of Rocket Lab, thanks to a steady stream of revenue growth from shooting satellites into the sky, or SoFi, which is increasingly disrupting traditional banking, signal the rise of a new guard, or is it just a temporary speculative frenzy? "I was taught that corrections are the market's way of changing leadership," wrote Meisler. "Was the spring plunge the market's way of changing leadership? Or is this just speculation run amok? If you go back to that ratio chart, it's a trend that has been in place for at least a year." Of course, stocks don't go up in a straight line, and some backfilling of gains for this new group of winners is to be expected. Still, one year is a pretty long period for this ETF and its biggest components to outpace the broader market. Todd Campbell owns Rocket Lab, SoFi Technologies, Nvidia, and stock market is being led by a new group of winners first appeared on TheStreet on Jul 20, 2025 This story was originally reported by TheStreet on Jul 20, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
22 minutes ago
- New York Post
Commerce chief Lutnick insists Aug. 1 is ‘hard deadline' for EU and tariffs: ‘They're going to start paying'
Commerce Secretary Howard Lutnick was adamant Sunday that the Aug. 1 date President Trump gave Europe to negotiate new trade arrangements is a 'hard deadline.'' 'So on Aug. 1, the new tariff rates will come in. But nothing stops countries from talking to us after Aug. 1, but they're going to start paying the tariffs on Aug. 1,' Lutnick told CBS News' 'Face the Nation' when asked the European Union, whose representatives he was on the phone with before the interview. 'That's a hard deadline,' the Trump official said. Advertisement The president has shifted his deadline several times. On April 2, 'Liberation Day,' he debuted his customized rates, which were supposed to go into effect April 9. They it got pushed 90 days and then to Aug. 1. Trump has threatened to slap a 30% tariff rate against the EU and a flurry of customized tariff rates on other countries that fail to cut a new deal with him. Those tariffs come on top of the 10% baseline tax against virtually all countries. 3 President Trump moved his tariff deadline several times, but Commerce Secretary Howard Lutnick stressed Aug. 1 is now a firm cut-off. AFP via Getty Images Advertisement 3 Trump has made recalibrating US trade policy a top priority of his second term. AP Despite the fast-approaching deadline, Lutnick conveyed confidence that the US and EU will come to some sort of arrangement. 'There's plenty of room. Look, the president and the European Union, these are the two biggest trading partners in the world talking to each other. We'll get a deal done. I am confident we'll get a deal done,' the commerce secretary said. 'You are going to see the best set of trade deals you've ever seen for America and for the American people.' Advertisement Lutnick also stressed that the 10% baseline tariff rate is 'definitely going to stay' amid negotiations. So far, the Trump administration has announced tariff deals with the United Kingdom and Vietnam as well as a tariff truce with China, which Trump claims is subject to a 55% rate. 'The next two weeks are going to be weeks for the record books. President Trump is going to deliver for the American people,' he said. In addition to the baseline tariffs and levies on imports from China, the Trump administration has imposed 25% tariffs on automobiles, aluminum, steel and imports from Canada and Mexico that don't comply with the United States-Mexico-Canada Agreement. Advertisement 3 Lutnick urged US trading partners to finish negotiating deals with the Trump administration by the deadline. REUTERS Trump has threatened to raise that to 35% against Canada and 30% for Mexico. This month, he has been blasting out letters to smaller US trading partners urging them to get a deal done or face the 'Liberation Day' tariffs. But Lutnick indicated that many of the smaller countries may simply face the 10% baseline rate while the Trump administration focuses on retooling trade with larger nations. 'I think what you've got is you should assume that the small countries, you know, the Latin American countries, the Caribbean countries, many countries in Africa, they will have a baseline tariff of 10%,' Lutnick said. 'Then the bigger economies will either open themselves up or they'll pay a fair tariff to America for not opening themselves up and [for] treating America unfairly.'
The Hill
22 minutes ago
- The Hill
Himes: White House warning of ‘massive market reaction' if Trump fires Powell
Rep. Jim Himes (D-Conn.) said Sunday that a White House insider is warning President Trump of a 'massive market reaction' if he fires Federal Reserve Chair Jerome Powell. 'I mean, what happens if there's a tweet that says the Fed chair is gone?' CBS's Margaret Brennan asked Himes on 'Face the Nation.' 'Well, interestingly, inside the White House — and I don't know who it is — my guess is, it's maybe the Treasury secretary — is saying — and this is a very difficult thing to say to a person like Donald Trump — that, if you fire the Fed chair, either illegally, which they're happy to do, or because you trump up some baloney-like charge associated with a renovation of the headquarters, there is going to be a massive market reaction, because you cannot lie to the capital markets,' Himes responded. Trump has recently grasped on to the Federal Reserve's multibillion-dollar makeover as a possible way to finally oust Powell. The president has for months criticized Powell over the Fed's decision not to cut interest rates, a move partly based on uncertainty surrounding Trump's tariffs. Trump has stated his desire to remove Powell, whom he appointed during his last term in the White House. Senate Republicans have recently warned Trump that it would be a large mistake to go forward on his threat to fire Powell, saying it would probably send a 'shock wave' through the financial markets and rattle the larger economy. Republican senators, including those who are strong supporters of the president, have warned that any action to oust Powell would jeopardize the Fed's independence, which could erode investors' confidence in American monetary policy and creditworthiness. 'I do not believe a president, any president, has the authority to fire the Federal Reserve chair,' Sen. John Kennedy (R-La.) said previously.
