Dear Reader,

June 30.

Most investors think that's the target window for the historic $1.75 trillion SpaceX IPO.

But they only know half the story.

June 30 is actually the deadline for an announcement that could blow the lid off Elon's highly anticipated "Project Unlimited."

In short, what I'm calling "Project Unlimited" is Elon Musk's master plan to save the AI industry.

But here's the most important part about it …

Right now, there is one under-the-radar tech firm that is absolutely essential to Elon's new master plan. They've already shipped 5 billion critical components to SpaceX, making them the absolute linchpin of this operation.

And because SpaceX has been private for so long, this partnership has flown almost completely under the radar.

But that all ends the moment SpaceX goes public.

Once Wall Street analysts start digging into SpaceX's supply chain, I predict this behind-the-scenes partner will be front-page news on CNBC and Bloomberg.

That's why you have to position yourself before the IPO frenzy begins.

If you wait until the media connects the dots, the chance for life-changing gains could slam shut.

Click here to get the name of this "hidden" stock before the June deadline.

Michael Robinson

Is Lennar Finally Turning the Corner After Its Housing Slump?

Author: Leo Miller. Article Published: 6/16/2026.

Homebuilding stocks have been in a rut for quite some time. The SPDR S&P Homebuilders ETF (NYSEARCA: XHB) is a commonly used proxy for the industry's performance. The fund has significantly underperformed the broader market, with returns of 10% in 2024, -0.7% in 2025, and a single-digit gain in 2026. Low housing affordability, driven in part by elevated interest rates, has led to steep declines in revenues and earnings across the industry.

Investors just got their latest look at the state of the housing market. Lennar (NYSE: LEN), one of the country’s top homebuilders and a Berkshire Hathaway (NYSE: BRK.B) portfolio company, recently reported earnings. Lennar’s report was decidedly mixed, but several important variables showed signs of improvement. It is possible the worst is over for Lennar, but homebuilders generally continue to face a difficult macro backdrop.

Lennar’s Mixed Report: Sales Miss, EPS Beat, Delivery Guidance Cut

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The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings research points to the first half of 2026 as a particularly rough stretch for certain holdings.

Some of America's most popular stocks could take serious damage as a radical market shift plays out. Analysts at Weiss Ratings have identified five names you may want to remove from your portfolio before this unfolds.

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In its fiscal Q2 2026, Lennar reported revenue of $7.94 billion, representing a year-over-year (YOY) decline of 5.2%. (Note that Lennar’s fiscal reporting period is slightly ahead of the standard reporting period used by many firms.) The figure significantly missed Wall Street estimates, which called for sales of $8.08 billion.

Still, the 5.2% decline marks a meaningful improvement over the prior quarter, when sales fell 13.3% YOY. That quarter was Lennar’s weakest sales growth since the aftermath of the Great Financial Crisis. This helps illustrate the severity of Lennar's stunted growth over recent quarters. In that context, it is encouraging to see growth moving closer to flat, despite the sales miss.

Another silver lining is the fact that Lennar beat estimates on earnings per share (EPS). The figure came in at $1.31, down nearly 28% YOY, but above the $1.24 anticipated. On the other hand, Lennar reduced its outlook for full-year home deliveries. The company now expects to deliver 82,500 homes at the midpoint, down 2.9% from prior expectations of 85,000 deliveries. Illustrating the difficult economic environment Lennar is operating in, the company attributed this decrease to “current pressure on interest rates and geopolitical uncertainty.”

Lennar Makes Solid Progress on Gross Margin and Incentives

Under the surface, one encouraging development was the improvement in Lennar’s gross margin. Like sales growth, gross margin improved from a multi-year trough seen last quarter, rising sequentially from 15.2% to 15.6%. This came partly from the firm offering fewer incentives to homebuyers. Its sales incentive rate fell to 12.9%, compared with 14.1% last quarter. This was likely a key reason why revenue came in below expectations, but earnings were better than expected. Fewer incentives can reduce sales but improve profitability.

Critically, Lennar noted, “After three years of incentive levels that have been generally increasing, we're starting to see the first real and potentially sustainable decline.” This suggests underlying demand is improving enough that Lennar may be able to reverse the trend in incentives and still attract buyers.

Nonetheless, the company clearly remains cautious, calling this reversal “potentially sustainable” and lowering its delivery outlook. Still, Lennar is forecasting another improvement in gross margin next quarter, guiding for 16%. It also said, “we expect sequential margin improvement quarter-to-quarter as the year progresses," indicating further gains ahead.

At the midpoint, the firm is guiding for EPS of $1.30 next quarter, keeping the figure essentially flat versus its latest report.

Lennar: Rate Headwinds Cast a Cloud Over Sustained Recovery Hopes

Shares fell 4.9% the day after Lennar’s report, indicating that despite some underlying improvements, management’s cautious stance did not inspire investors. Notably, 30-year fixed mortgage rates now sit near 6.5%, their highest level since September 2025. This is likely one of the key factors Lennar was referring to when lowering its delivery outlook. During the company’s prior report, rates were significantly lower, near 6.1%. This increase puts additional pressure on affordability in an already depressed market.

Adding insult to injury, Evercore, Royal Bank of Canada, and Bank of America all issued Underperform ratings on Lennar after its report. The highest updated target among them is $87, which suggests downside from current levels and is well below the MarketBeat consensus price target of about $95.

Taking all this data into account, it's difficult to be overly optimistic about Lennar’s outlook at this point. Gross margin and incentives will be important to watch going forward, with higher margins and lower incentives serving as positive signals. Management taking a more confident stance on the sustainability of incentive declines would also help change the narrative around Lennar stock.

Is Apple’s Latest Plunge the Canary in the Coal Mine for Tech Stocks?

Author: Sam Quirke. Article Published: 6/29/2026.

Shares of Apple Inc. (NASDAQ: AAPL) have been trading around $280 recently, giving up all the gains they had made since the first week of May. The stock had been steadily recovering toward its earlier highs of around $317, supported by a strengthening AI narrative and last week's strategic partnership with Intel Corp (NASDAQ: INTC). However, Thursday's June 25 session disrupted that momentum in a major way, as the stock suffered its biggest one-day decline in more than a year.

The trigger was a long-flagged but still painful announcement of price increases across the company's MacBook and iPad ranges, in some cases by as much as $300 per product. CEO Tim Cook had been telegraphing this move for some time, previously describing the cost pressure from surging memory chip prices as "unsustainable."

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The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings research points to the first half of 2026 as a particularly rough stretch for certain holdings.

Some of America's most popular stocks could take serious damage as a radical market shift plays out. Analysts at Weiss Ratings have identified five names you may want to remove from your portfolio before this unfolds.

If any of these are in your portfolio, now is the time to review your positions.

See the 5 stocks to avoid

Even so, seeing the hikes arrive in black and white was enough to send investors scrambling for the exits. With other major tech names like Microsoft Corp (NASDAQ: MSFT) also announcing significant hikes this week, the question is whether this is the start of something much bigger.

What Was Actually Announced

The new price points are not insignificant. Apple's MacBook models have each seen meaningful increases, while its iPad models have also been bumped up substantially. The changes have ranged from $100 to $300 per device, depending on the model. In percentage terms, they don’t make for pretty reading. Apple’s HomePod, for example, has seen its price increase by about 50% overnight.

Worryingly, Apple itself made no effort to soften the messaging. The company stated that it had "reached a point where we need to begin raising prices on several products," a statement that clearly leaves the door open for further increases down the line.

For investors looking for reassurance, that was exactly the opposite of what they wanted to hear, and it goes a long way toward explaining why a price hike that had already been flagged still resulted in such a sharp sell-off.

The Real Concern Is What Comes Next

Sure, the MacBook and iPad announcements are a worry in their own right, but the deeper concern for investors is what they signal about Apple's all-important iPhone lineup. Industry research suggests the higher cost of components could add roughly $200 per iPhone, and analysts are increasingly penciling in price hikes of $150 to $200 across the upcoming iPhone 18 range when it launches this autumn, with the heavier impact landing on the higher-memory Pro and Pro Max models.

That sets up a critical test for the company in the second half of the year. Either Apple passes those increased memory costs straight through to consumers and tests just how much loyalty its premium customer base really has, or it absorbs more of the hit in its own margins. Neither option is particularly attractive, and the market's brutal reaction this week suggests investors aren't entirely convinced Apple can navigate the trade-off without leaving some damage behind.

Microsoft Is Telling the Same Story

What makes Apple's announcement particularly worrying is that it isn't happening in isolation. On Thursday, Microsoft separately announced that Xbox prices in the US would increase by $100 to $150 per console, sending its own stock lower in the process. Two of the biggest names in tech, on the same day, telling investors that input cost pressures are now severe enough to force meaningful price hikes onto consumers, is not the kind of coincidence that gets brushed off easily.

The common thread is the surging cost of memory and storage chips, driven by relentless AI-related demand, which is pushing up prices across the entire semiconductor supply chain. As we covered recently, this is the same dynamic that's been driving extraordinary rallies in names like Applied Materials (NASDAQ: AMAT) and SanDisk (NASDAQ: SNDK). The flip side of that boom is the cost pressure now landing on the world's biggest consumer hardware companies, and Apple and Microsoft are simply the first to pass that cost along formally.

So Is This the Canary, or Just Noise?

The honest answer is that it's probably both. The price hikes themselves are unlikely to derail Apple's broader bull case, which still rests on a multi-year AI device cycle, a deepening Services revenue mix, and the strategic moves we've covered around US manufacturing and Intel. Those pillars remain intact, and at $280, the stock trades at a significant discount to where it was a month ago.

But the market's reaction this week is sending a clear warning that the cost environment for consumer tech has tightened sharply, and any company that can't pass through pricing or absorb margin compression is now suddenly vulnerable. For investors with a long time horizon, this dip may eventually look like another opportunity, but in the short term, the canary in the coal mine is chirping loud enough to be heard.