Invest in These Stocks to Monitor in June
Stock Market surges in May with eyes on June
The stock market enjoyed a significant boost in May, thanks to easing trade tensions between the U.S. and China, a strong end to the first-quarter earnings season, and evidence of the economy's robust health. The S&P 500 and Nasdaq Composite both delivered their best performance since November 2023, with gains of 6.2% and 9.6%, respectively.
Trade policy is expected to maintain its position as the primary focus for Wall Street in June. The impending reinstatement of President Trump's "Liberation Day" tariffs on July 9 and the White House's push for more trade deals in the coming weeks will undoubtedly keep investors on edge. Meanwhile, Congress is busy refining details for Trump's 'One Big, Beautiful Bill.'
Here's a rundown of stocks to watch this month:
🍎 Apple (AAPL)
In recent months, tariffs have been the foremost concern for Apple investors. However, tariff anxiety could soon be replaced by excitement for artificial intelligence (AI) breakthroughs when Apple hosts its Worldwide Developer Conference (WWDC) on June 9.
Last year's WWDC saw the introduction of Apple's proprietary AI offering, Apple Intelligence. Known for its personalization and privacy features, Apple Intelligence showcased a few AI applications such as image and emoji generators.
This year, Apple is reportedly set to release a software development kit that empowers third parties to build AI features using the language models powering Apple Intelligence. By embracing third-party involvement, Apple could meet critics' demands for faster AI app development for the iPhone and AI-enabled devices, potentially reversing a 20% stock slide this year caused by President Trump's tariff threats.
⚡ Tesla (TSLA)
With Elon Musk no longer entangled in Washington politics, he'll devote more time to realizing his promise of transforming Tesla from an electric vehicle manufacturer into an AI powerhouse.
Tesla is rumored to launch its robotaxi service in Austin, Texas on June 12. This service will represent Tesla's most prominent test of its full self-driving software. The trial's success could determine the pace at which Tesla expands the robotaxi service beyond Austin.
Given recent sales slumps due to consumer backlash against Musk's government collaborations, Tesla stock gains since his departure from Washington and record-low stock prices in early April signal a renewed focus on innovation rather than tariff concerns.
- buoyed by the success of Apple Intelligence last year and the upcoming Worldwide Developer Conference on June 9, investors in Apple (AAPL) may shift their concerns from tariffs to the potential of artificial intelligence (AI) breakthroughs, possibly reversing the 20% stock slide this year caused by President Trump's tariff threats.
- In the realm of personal-finance and investing, Tesla (TSLA) is set to launch its robotaxi service in Austin, Texas on June 12, marking a significant step towards transforming the company from an electric vehicle manufacturer into an AI powerhouse.
- As the stock market looks ahead to June, technology companies like Apple and Tesla seem to be & lsquo;Watch List' items as they delve into artificial-intelligence (AI) applications, financing, and investing opportunities, potentially influencing the stock-market trends.
