Russian Stocks Dip; EchoStar Faces Potential Bankruptcy
Key Takeaways
- MOEX Russia Index closed lower on June 7, 2025, following a 2.39% decrease on June 6.
- EchoStar is preparing a potential bankruptcy filing amid an FCC review.
- Cramer is positive on Disney, Spotify, Walmart, Reddit, and Kinder Morgan.
- ARK bought Veracyte, sold AvidXchange, and 3D Systems stocks on June 6, 2025.
- European small-caps outperform US rivals amid growth revival.
Top Stories
Russia's MOEX Russia Index closes lower on 2025-06-07.
On June 7, 2025, reports indicated that Russian stocks closed lower, with the MOEX Russia Index remaining unchanged. This follows a 2.39% decrease in the MOEX Russia Index on June 6, 2025.
EchoStar prepares potential bankruptcy filing amid FCC review.
According to a WSJ report published on June 6, 2025, EchoStar is preparing a potential bankruptcy filing amid an FCC review. Previously, EchoStar shares tumbled due to missed interest payments.
Cramer is positive on Disney, Spotify, Walmart, Reddit, Kinder Morgan.
On June 6, 2025, Jim Cramer of "Mad Money" shared his stock picks, expressing a positive outlook on Walt Disney, Spotify, Walmart, Reddit, and Kinder Morgan.
ARK bought Veracyte, sold AvidXchange, 3D Systems.
On June 6, 2025, news emerged that Cathie Wood’s ARK investment firm bought Veracyte stock and sold AvidXchange and 3D Systems stock.
European small-caps outperform US rivals amid growth revival.
On June 7, 2025, it was reported that European small-cap stocks are outperforming their US rivals as investors bet on a growth revival in Europe.
Analyst Insights
UBS questions peak GPU demand amid AI infrastructure growth.
On June 7, 2025, UBS analysts questioned whether we are approaching peak GPU demand, considering the rapid growth in AI infrastructure spending.
UBS discussed next big copper projects.
UBS discussed the next big copper projects and when equipment makers could benefit, in a report published on June 5, 2025.
Economy Today
Private equity firms overhaul exit strategies amid IPO market slump.
Fed's Musalem: 50-50 chance tariffs trigger prolonged inflation.
On June 6, 2025, the FT reported that Fed’s Musalem estimated there are ‘50-50’ chances that tariffs could trigger prolonged US inflation.
British Pound US Dollar down -0.34%.
On June 7, 2025, Vahid Karaahmetovic published an article discussing currencies, noting that the British Pound US Dollar is down -0.34%.
Insider Transactions
Apollo management sold $372 million in ADT Inc. shares.
Unity director Helgason sold $6.8 million in stock.
On June 6, 2025, it was reported that Unity software director David Helgason sold stock worth $6.8 million.
Airbnb CFO Mertz sold $826,750 in shares.
On June 6, 2025, it was reported that Airbnb CFO Elinor Mertz sold shares worth $826,750.
Flex Ltd. CEO sold $7.77 million in stock.
According to a report published on June 6, 2025, the CEO of Flex Ltd. sold stock worth $7.77 million.
Traeger CEO Andrus acquired $1 million in common stock.
Cloudflare’s president Zatlyn sold $13.4 million in stock.
Vistra Corp. director Helm sold $8.64 million in stock.
According to a report published on June 6, 2025, Vistra Corp. director Scott Helm sold $8.64 million worth of stock.
Policy Updates
Barclays foresees rising regulatory risk for Google.
On June 7, 2025, Barclays reported that they foresee rising regulatory risk for Google as an antitrust case nears its ruling.
Japan reports progress in US tariff talks.
On June 6, 2025, Japan's trade negotiator Akazawa reported progress in US tariff talks, which could potentially impact stock markets.
Company Spotlight
Vail Resorts: Earnings miss, CEO returns, stock struggles.
On June 6, 2025, Jim Cramer commented on Vail Resorts, noting the company's recent earnings miss and the return of former CEO Rob Katz. Vail Resorts' stock has struggled since its 2021 highs, with shares down 2.89% by Friday’s close.
Sector Watch
Geely chairman warns of 'serious overcapacity' in auto industry.
On June 7, 2025, the chairman of Geely stated that the global auto industry is currently facing a situation of 'serious overcapacity'.