Hot Stocks To Watch
Enovix Corporation (ENVX) offered the greatest gains on Monday. The battery company posted preliminary second-quarter results.
Enovix reported revenue of $7.5 million, exceeding its guidance range. The three straight quarters of positive gross profit sent ENVX shares up by 14.4% on the day. Watch for a follow-through breakout this morning.
Rocket Lab (RKLB) gained 9.03% to close at $38.88. Just as AST SpaceMobile (ASTS) in the satellite segment is breaking out, so too is RKLB stock. The firm announced on June 26 that it would deploy satellites for the European Space Agency (ESA). The mission, scheduled no earlier than December 2025, created a short squeeze. Short interest is 12.43%. Rocket Lab also launched its Electron rocket for the 67th time successfully.
In China, Bilibili (BILI) continued to trend higher. After adding 7.66% on July 7, investors are not concerned about a convertible senior notes offering. The $600 million sale, announced on May 21, benefits from strong demand. Investors should exercise caution with China-based tech firms.
Unity Software (U) shares are approaching $30.00. The gaming platform did not post anything new. Wall Street analysts are likely promoting the stock. Morgan Stanley (MS) added the stock to its Humanoid 100 stock list on June 18. Jefferies upgraded U stock on May 30.
