📝 Tripadvisor’s got a new reviewer

Good evening. June payrolls came in hotter than expected, with 147,000 jobs added and unemployment dipping to 4.1%. The strong report eased recession fears but also lowered the odds of a Fed rate anytime soon.

The U.S. lifted its chip software ban on China, marking another sign of trade de-escalation. And after the bell, Republicans passed Trump’s “One Big Beautiful Bill” in a 218-214 vote. He will sign it tomorrow.

Markets closed early today at 1pm ET and will remain closed tomorrow, so we’ll catch up on Monday. Have a wonderful July 4th weekend!

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎16.80% Sunrun
⬆︎16.69% SolarEdge

Stay in the sun. Clean energy companies got some relief after a surprise tax on solar and wind projects was removed from the Senate’s version of Trump’s sweeping “One Big Beautiful Bill” Act. The tax would’ve penalized projects that used too many parts from “foreign entities of concern” (mainly China) and could’ve cost the industry up to $7 billion. [Read more]

⬆︎16.74% Tripadvisor

Let’s talk strategy. Activist investor Starboard Value has taken a 9% stake in the travel review platform, calling the stock undervalued. The firm has a reputation for shaking things up, and it’s already hinting at possible changes to Tripadvisor’s strategy, board, or financial setup if things don’t move in the right direction. [Read more]

⬆︎14.92% Datadog

Welcome to Wall Street. Datadog, a cloud software company that helps IT teams monitor and secure systems, is joining the S&P 500 index replacing Juniper Networks following its acquisition by HPE. Datadog finally met the criteria around profitability, market cap, and sector representation. This helps Datadog get into more indexes, increasing its trading volume. [Read more]

⬆︎5.10% Cadence
⬆︎4.90% Synopsys

Peace mode in beta. The Commerce Department has lifted recent export restrictions on chip design tools sold to China, clearing the way for companies like Synopsys and Cadence to resume business. They provide essential software used to design semiconductors, and the ban had created major uncertainty in their China operations. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

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LOSERS

⬇︎1.82% Alibaba

Package includes bonds, handle with care. The Chinese tech giant plans to raise about $1.5 billion through exchangeable bonds tied to its healthcare unit, Alibaba Health, in which it owns more than 44%. The bonds won’t pay interest, but investors will have the option to swap them for Alibaba Health shares later. [Read more]

⬇︎3.65% Robinhood

Proceed with caution. After the trading app introduced tokenized shares of OpenAI and SpaceX for users in Europe, OpenAI made it clear the tokens aren’t real equity and were launched without its involvement or approval. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

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THE END

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