The stock market closed mix on Tuesday, with S&P 500 and NASDAQ slipping from record highs. Investors are now closely watching developments on Senate’s newly-passed President Donald Trump’s massive tax and spending bill.
Overall, S&P 500 fell 0.1% to 6,198, while NASDAQ declined 0.8% to 20,203.
Tweet of the Day
Wow. This guy called the Robinhood Stock Tokenization three weeks before it was announced. $HOOD stock has since bolted higher. https://t.co/zaHKre9sHk
— David Sharek (@GrowthStockGuy) July 1, 2025
Chart of the Day
Here is the one-year chart of Credo Technology (CRDO) as of June 4, 2025, when the stock was at $72.
Credo Technology makes connection gear for datacenters, and business is booming.
During the past four quarters, the company’s revenue has gone from $60 million to $72 million, then $135 million and most recently $170 million. Profits (EPS) have traveled a similar track, from $0.04 to $0.07, then $0.25 and most recently $0.35 a share.
Networking connection gear is in a sweet spot right now, with connectors offered by Credo Technology and Amphenol in extremely high demand. This might be the best industry in the stock market currently. Business is booming. What is more is we do not have a handle on what Credo Technology can make, so the stock’s potential is unknown.
CRDO is part of our Growth Portfolio and Aggressive Growth Portfolio.
