Friday close to end a massive week. Micron reported the best quarter in company history Thursday night and the stock is down 5% this morning. PCE came in at 4.1%, a three-year high. And a TikTok rival buying SpaceX exposure is on its second day of a 200%+ run. Here is what is on the board.
Market News, June 26, 2026
The anchor story this week closed last night. Micron Technology reported Q3 2026 earnings after the bell Wednesday with EPS of $25.11 against a $20.20 consensus, a 24% beat. Revenue came in at nearly $42 billion. Q4 guidance was $50 billion in revenue at approximately 86% gross margin and $31 EPS. The stock surged 15% Thursday, pushing Micron's market cap above Meta and Tesla at the peak. This morning MU is down 5.23%. That is the day-two fade after a run into the print plus a 15% gap up on the actual number. The bar was cleared by a wide margin and the stock is still selling off. PCE is the reason.
May PCE inflation data dropped Thursday morning at 4.1% annual rate, the highest reading since April 2023. Core PCE came in at 3.4% annual, the highest since October 2023. Personal income and consumption both beat at +0.7% versus the 0.4% forecast. This is the hot PCE scenario we laid out in the week preview Sunday: rate-sensitive names under pressure, growth and semis losing the bid they built through the week. The dot plots already leaned hawkish with nine officials projecting potential hikes. A 4.1% PCE print accelerates that narrative into July.
On the upside, ILLR is running for a second day on its SpaceX exposure deal. Triller Group announced on June 25 that it entered definitive agreements to acquire economic exposure to SpaceX as a strategic treasury asset via a fund structure. The stock ran over 200% Thursday. This morning it is up another 55% at $4.73 on 20.27M in volume. SDOT is up 46.67% on a 12.95M float following its Anira commodity trading acquisition. SHPH is up 24.87% on a 5.44M float.
The week in review from prior watch lists:
Economic Calendar, June 26, 2026
Thursday, June 25 (Yesterday): May PCE Inflation 4.1% annual rate (impact: High, 3-year high). Q1 GDP Final. May Durable Goods Orders. PCE came in at consensus but the absolute level is the problem for the Fed.
Friday, June 26 (Today): Markets digest the PCE print. No major data releases. End of week positioning and sector rotation off the hawkish inflation read.
Next week: June jobs report on Friday July 3 is the next major macro print. PCE at 4.1% raises the stakes on payrolls.
Trade Recap
ILLR, Triller Group | +55.05% | Float: 177.25M
Triller Group is a social media company, a TikTok competitor, that announced on June 25 it has entered definitive agreements to acquire significant SpaceX economic exposure to be held as a strategic treasury asset. The position is being acquired via a fund structure at a discount and is expected to close in the coming days. The purchase price is larger than Triller's own public equity value. The company has quarterly revenue of approximately $5 million and a net loss of $32.2 million. Negative equity is approximately $349 million. This is not a fundamental trade. The stock ran over 200% Thursday and is up another 55% Friday. Day-two of a momentum move on a SpaceX narrative attached to a deeply unprofitable company.
SDOT, Sadot Group | +46.67% | Float: 12.95M
Sadot Group provides supply chain solutions with operations in agri-commodity sourcing and trading. On June 2 the company completed the acquisition of all outstanding shares of Anira, a business specializing in integrated commodity trading and risk management through its TradeOS platform. The acquisition cost $12 million, paid entirely in equity and a convertible note. Sadot also secured an option for California real estate on June 12. The stock experienced trading halts from volatility pauses during Thursday's session. At 12.95M float and 3.17M in volume pre-market today, this is a low-float name with a recent acquisition catalyst. The stock is at $9.07 this morning.
SHPH, Shuttle Pharmaceuticals | +24.87% | Float: 5.44M
Shuttle Pharmaceuticals started 2026 as a pharmaceutical company with an AI drug development platform called molecule.ai. On April 30 it completed a merger with United Dogecoin and became the world's largest public Dogecoin miner. It also announced a reverse stock split on June 11. Today it is up 24.87% at $4.72 on a 5.44M float with $2.96M in volume. No new press release confirmed pre-market. The stock ranged from $3.48 to $6.88 this morning. This is a low-float name covering three narratives: crypto mining, AI, and pharma. The range of $3.48 to $6.88 shows intraday volatility consistent with the 5.44M float.
MU, Micron Technology | -5.23% | Post-Earnings Day-Two Fade
Micron reported its best quarter in company history Wednesday after close. EPS of $25.11 beat the $20.20 consensus by 24%. Revenue came in at nearly $42 billion. Q4 guidance of $50 billion in revenue, 86% gross margin, and $31 EPS exceeded expectations significantly. The stock surged 15% Thursday. Friday morning it is down 5.23%. The PCE print is the driver. A 4.1% inflation reading puts the Fed back in a hawkish position at the July meeting. High-valuation names like a post-15%-gap Micron take pressure first in a rate-scare tape on a Friday. SNDK is down 5.48% and MRVL is down 4.44% in sympathy.
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Disclosure: I am not a registered financial advisor. This is educational content on market news, economic calendar, and historical trade reviews. Trading involves risk of loss. Past performance does not guarantee future results. Nothing herein is a recommendation to buy or sell any security. Assume I have positions in tickers discussed. Do not make financial decisions based solely on this content. Trade your own decisions.