The stock market ended Friday in positive territory, capping the week with modest gains. Strong investor enthusiasm for AI-related and semiconductor stocks continued to support the broader market, while renewed geopolitical tensions between the U.S. and Iran had little impact on overall market sentiment.
Overall, S&P 500 rose 0.4% to 7,575, while Nasdaq increased 0.3% to 26,282.
Tweet of the Day
A few takeaways from Dylan Patel’s latest podcast:
Anthropic turned free-cash-flow positive in the second quarter of this year and has entered profitability.
Both April and May were profitable and cash-flow positive. At the time of recording, June had not yet been closed, but…
— Jukan @ ICML (@jukan05) July 10, 2026
Chart of the Day
Here is the one-year chart of Sea (SE) as of June 19, 2026, when the stock was at $91.
Last quarter, the company reported 3% profit growth on 47% revenue growth, with all three segments still growing revenue at solid rates (Shopee +44%, Monee +58%, Garena +41%). Management stated that lower profit growth was driven by increased spending on delivery, fulfillment, ShopeeVIP memberships, and user acquisition. Many of these investments are already showing results, with instant deliver orders growing more than 35% year-over-year, fulfillment orders rising 25% sequentially, and ShopeeVIP subscribers surpassing 10 million. Management believes these investments will strengthen Shopee’s competitive position and support long-term growth.
Moreover, profit growth is expected to turn up during the next four quarters, with 23%, 56%, 56%, and 64% growth expected from analysts. Yet the stock stays near its lows, as investors worry that heavy spending to fight off rivals like TikTok Shop and MercadoLibre (MELI) will keep competition high and margins low.
SE is part of the Growth Portfolio.
