Key Takeaways
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A busy slate of corporate events, including a slew of Annual General Meetings, put the finishing touches on a wild first half
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NVIDIA and other chip stocks may be in play, along with storage names ahead of Micron earnings
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Equities remain near record highs as markets balance single-stock volatility drivers and macro risks
He shoots, he scores. Elon Musk and his team executed a near-perfect IPO last Friday. SpaceX shares (SPCX) were pre-priced at $135, with 555,555,555 shares offered to the public. There were plenty of yellow cards issued by IPO experts and the sell-side, but the Industrials-sector stock shut out the bears through early play. By Tuesday morning, SpaceX was valued at more than $2.9 trillion, surpassing Amazon’s (AMZN) and Microsoft’s (MSFT) market caps and making it the fourth-largest U.S. company at its peak.
Traders’ eyes shift from Elon to Kevin today, with the first FOMC interest rate decision under a new Fed chief coming this afternoon. Stocks close in on record highs once again, but there’s still uncertainty on the bond pitch, though perhaps for some of the right reasons. Consider that much of the yield rise over the past month has come from “real” rates, not rising inflation expectations. Now, as WTI crude oil dips below $80 per barrel (with Brent not far above), the market may be lightly quizzing Fed Chair Kevin Warsh rather than imposing a stern exam.
Between SpaceX and IPOs, the Fed, and the U.S.-Iran war situation in stoppage time, there are plenty of high-level stories. Investors must remain focused on what’s happening at the company level. Our team spotted a rather active end to the first half on the shareholder meeting front. Add in what could be a volatile fiscal Q3 earnings report from market leader Micron (MU) on June 24, and the bulls must stay on the offensive.
Here are the notable end-of-quarter corporate events that will set up the second half.
Read more: Bull Market Pullback: Why The 4.5% Dip Held The 50-DMA
June 17-20: NVIDIA (NVDA) Presents at the VivaTech 2026 Conference
The spotlight may be on SpaceX, but the world’s most valuable company is active on the speaking circuit. Its management team is slated to present at a conference in Paris, and it comes after a shaky outlook from rival Broadcom (AVGO) that triggered a mini chip sell-off two weeks ago.
June 18: Kroger (KR) Q1 Earnings, Followed by Its AGM
We’ll get a read on the consumer ahead of the holiday weekend. The largest stand-alone U.S. retail grocer reports quarterly earnings, and its numbers and conference call come immediately after the May Retail Sales report.
We don’t think the actual top- and bottom-lines will be all that exciting, but executives’ commentary on the state of middle-income shoppers will be telling. There’s also an emerging price war in grocery, so color on pricing strategy could make KR a mover on Thursday. Then, on June 25, the company hosts its Annual General Meeting (AGM).
June 18: Delta (DAL) Shareholder Meeting
As the conflict in Iran possibly comes to a close and the Strait of Hormuz slowly reopens to tanker traffic, Delta shares have climbed to record highs. Up 22% on the year, the airline has hardly felt the impact of dismal consumer sentiment. Its customer cohort, which includes business travelers and higher-income consumers, has been a winner in the volatile airline industry.
We’ll see what details the CEO and CFO share at the AGM as the summer travel season is already in full swing. Also mark July 9 on your calendar, as that’s DAL’s Q2 earnings report date.
June 22: Marvel (MRVL) Added to the S&P 500 Index, AGM June 25
Index-fund buying could keep MRVL stock in play during the final full week of June. The $242 billion market cap semiconductor firm is finally being called up to the S&P 500 Index, just weeks after NVIDIA CEO Jensen Huang tongue-in-cheek predicted that it would become the next trillion-dollar AI company.
While changing indexes is more financial housekeeping than anything else, there may be money flowing in and out for tracking purposes. Overshadowing MRVL in this re-classification, SPCX could become the largest position in the Vanguard Extended Market Index ETF (VXF)... but at less than 1%.
More fundamental news may be released at its AGM on Thursday, June 25.
June 24: Qualcomm (QCOM) Investor Day 2026 and NVIDIA AGM
Chip stocks remain at the center of attention. On June 24, Qualcomm hosts an Investor Day. Earlier this month, JPMorgan put QCOM on “positive catalyst watch” for potentially upbeat news to be shared at the event. Recall that the firm was one of a few at Computex to serve up semiconductor optimism, though shares remain below their May 29 peak.
On the same day, NVIDIA hosts shareholders. Its AGM has no specific volatility sparks, but be on the lookout for a possible Q&A session. Recall that Jensen has been active at industry conferences lately, so we could hear updates on the state of AI spending and demand for its newest chips, platforms, and AI architecture.
June 24: Micron Earnings and Conference Call
The busy Wednesday ends with Micron’s fiscal Q3 report and Business Update analyst call. Up 281% on the year and trading at a record high, implied volatility on the stock is extremely elevated at 108%, according to Option Research & Technology Services.
The event may lay the groundwork for the upcoming earnings season while offering color on the state of the memory and storage segment of the Information Technology sector.
June 25: Kroger, Lululemon, Marvel, and Dell Shareholder Meetings
Several story stocks round out shareholder meeting season on Wall Street. lululemon (LULU) could be particularly dramatic given leadership fallout at the now-embattled athleisure company.
Dell Technologies (DELL) is also in play, as the Trump administration has not been shy about speaking about the legacy U.S. hardware company.
The Bottom Line
It’s a busy finish to the first half on the corporate event calendar. The bulls have the lead, but the bears have had their moments of glory so far this year. A handful of key AGMs, conferences, and earnings events will keep investors on their toes amid a colorful macro backdrop.
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