Markets head into the final week of Q2 2026 with an unusual mix: a holiday-shortened trading calendar (markets close Thursday for early July 4th observance), three explosive earnings reports, one of the most bizarre SpaceX proxy plays in recent memory, and a jobs report that could reset the entire Fed narrative. Buckle up. Here are the Stocks to Watch Tomorrow, Monday June 29 –

The Macro Backdrop Heading Into Monday

Before diving into individual names, here’s where the market stands as the bell rings Monday morning:

Key reads:

• WTI crude has fallen nearly 10% this week to approximately $69/barrel — easing rate hike fears significantly
• JPMorgan hiked its 2026 S&P 500 target to 7,800 (from 7,200), suggesting ~5% additional upside from current levels
• Alphabet (GOOGL) replaces Verizon (VZ) in the Dow Jones Industrial Average effective Monday — a historic change that will drive index-related flows
• Q2 2026 ends Monday — expect quarter-end rebalancing and window-dressing flows through the session
• Friday’s session confirmed that advancing stocks outnumbered declining stocks even as the Nasdaq sagged — a healthy sign beneath the surface

This Week’s Earnings and Economic Calendar

Stocks to Watch Tomorrow : Names Setting Up Right Now

🚀 #1 — ILLR (Triller Group Inc.) | The SpaceX Play That Broke The Internet

This is the biggest story of the weekend. Here’s what happened:

On June 25, Triller Group (NASDAQ: ILLR) announced it has entered definitive agreements to acquire $411.3 million of economic exposure to SpaceX (SPCX) — specifically, 3.917 million SpaceX Class A shares at $105 per share equivalent, to be held as a strategic treasury asset.

• Transaction vehicle: Triller’s wholly-owned subsidiary “Trendy Reach Holdings” acquires 100% of a Bahamian investment vehicle (SAC1), which holds SpaceX share-equivalents
• Financing: Secured financing arrangement tied to the SpaceX position
• Outside closing date: July 22, 2026 (standard conditions apply)
• Position was established before SpaceX’s IPO and is described as acquired at a discount to current market value

The Market Reaction Was Violent:

What Traders Are Watching Monday:

• Whether momentum holds above the $4.00 key psychological support — a close below $3.50 would be bearish
• Resistance sits at $4.80–$5.00; a break above $5.00 would signal another speculative leg
• Volume confirmation: the move needs continued institutional and retail buying volume to hold

The Risk: ILLR’s fundamentals are distressed — Q1 revenue of ~$5.0 million, pretax margin of approximately -495%, and negative equity of -$349 million. The move is purely story-driven, not earnings-driven. The SpaceX exposure itself closes no later than July 22; if the deal falls through or faces obstacles, the reversal could be violent.

The Bull Case: Triller becomes one of the few Nasdaq-listed companies with disclosed balance-sheet SpaceX exposure — a genuinely unique attribute as SPCX continues to trade at historically elevated levels.

📊 #2 — GOOGL (Alphabet Inc.) | Historic Dow Jones Membership Starts Monday

Alphabet officially joins the Dow Jones Industrial Average today, replacing Verizon (VZ). This is the first time a company with a share price above $1,000 has been added to the price-weighted index since the Dow adopted a divisor system.

• Why it matters for traders: Index funds and ETFs tracking the Dow must rebalance to include GOOGL and drop VZ. This creates forced buying of Alphabet and forced selling of Verizon at Monday’s open — expect unusual volume in both names
• Dow weight: Given GOOGL’s price (~$197 per share as of recent close), it will have a meaningful but not dominant weighting in the 30-stock price-weighted index
• Broader signal: The swap reflects the accelerating transition of the U.S. economy toward AI/technology-driven growth — replacing a legacy telecom name with the world’s dominant search and AI platform

Watch: Any unusual premarket gap in GOOGL or VZ relative to the broader Nasdaq will be the tell on just how much forced rebalancing flow is moving through.

✈️ #3 — AVAV (AeroVironment Inc.) | Monday’s Earnings Wildcard

AeroVironment reports earnings after the close Monday — and this is a name that deserves attention given the macro environment.

• Why it matters: AeroVironment is the maker of Switchblade loitering munitions and a range of tactical drone systems, many of which have seen elevated global demand during the 2026 Middle East conflict
• Defense tailwind: The U.S. military’s increased drone procurement, combined with new foreign military sales following the Iran conflict, position AVAV as a potential upside earnings story
• Geopolitical edge: Recent news of Iran attacking cargo vessels in the Strait of Hormuz — and then Trump warning of fresh strikes — keeps defense contractor momentum alive

Key setup metrics (ahead of earnings):

• Historical earnings beat rate: above-average vs. consensus in recent quarters
• Revenue from government and defense contracts: primary revenue driver
• Watch for: FY2027 guidance update and any commentary on Switchblade or new UAS contract awards

👟 #4 — NKE (Nike Inc.) | Tuesday Earnings, Monday Setup

Nike reports Tuesday evening after the close, but traders will be positioning all day Monday. This is one of the most-watched consumer discretionary earnings of the quarter.

The Setup:

• 52-week performance: Down 33% YTD through June 26, 2026 — severely underperforming the S&P 500
• Analyst consensus: 12 Buy/Strong Buy, 24 Hold, 2 Sell — unusual bearishness for a brand this iconic
• EPS estimate: $0.11–$0.13 per share (diluted), down 7–21% year-over-year from $0.14
• Revenue estimate: $10.85 billion, down -2.2% YoY
• FY2026 EPS forecast: $1.49 (down 31% from FY2025’s $2.16)

The Bull Case: Nike has beaten Wall Street EPS estimates in each of the past four quarters. If management shows any improvement in U.S. direct-to-consumer (DTC) channels or provides upbeat FY2027 guidance, the stock — beaten down 33% — could see a sharp short-covering bounce.

The Bear Case: Domestic DTC remains pressured. Europe challenges persist. Tom Nikic (Wedbush, Hold-rated) said “the pace of the turnaround remains frustratingly slow.”

Monday trade: A pre-earnings compression is likely — NKE options will see elevated implied volatility as traders price in a big Tuesday move.

🍺 #5 — STZ (Constellation Brands) | Tuesday Earnings, Beer Business in Focus

Constellation Brands also reports Tuesday after the close.

• EPS estimate: $3.28 per share (up 1.9% from $3.22 year-ago quarter)
• Earnings beat history: Exceeded consensus in 3 of the last 4 quarters
• Stock performance: Down 12.2% over the past 52 weeks, trailing the S&P 500
• Key concern: Slowing momentum in the beer business — Corona, Modelo, and Pacifico face margin pressure from higher packaging costs, increased marketing spend, and softer demand growth
• FY2027 consensus EPS: $11.84 (barely changed from FY2026’s $11.82) — growth story appears stalled
• Market cap: $24.7 billion

Why it matters: STZ is the U.S. distributor of the most popular imported Mexican beer brands. Any guidance improvement — or hint of volume recovery — could be the catalyst for a reversal in a stock that’s been left behind by the broader rally.

🔗 See Constellation Brands investor relations at cbrands.com/investors

🧬 #6 — SLS (SELLAS Life Sciences) | The Clock Is Ticking on REGAL

Friday’s session established SLS as one of the most electric biotech setups in the market. The Phase 3 REGAL trial is at 78 of 80 events required for final analysis. That means the readout is literally days away.

• Short interest: ~33% of float at an all-time high — set up for a potential violent squeeze
• Friday’s close: ~$10.50 (day range $10.47–$10.88)
• 52-week low: $1.39 — the stock is up +140% YTD
• Cash runway: $107.1M in Q1 + $28.7M from warrant exercises = $135.8M total
• Buyout speculation: Executive severance restructuring filed Friday implies change-of-control preparation

Monday catalyst risk: Any REGAL trial data release — positive or negative — could move this stock 20–50% in either direction. Do not own this without understanding the binary outcome risk.

🔬 #7 — OMER (Omeros Corporation) | Potential Bounce from Friday’s Destruction

Omeros cratered Friday after the European Medicines Agency (CHMP) issued a negative opinion on narsoplimab for TA-TMA in Europe.

• Friday’s decline: Down approximately 18.9–25% intraday from $10.72
• Friday close/weekend price: ~$8.67 (day range $7.39–$8.89 on June 28)
• 52-week range: $2.95 – $17.65
• U.S. FDA approval: Yartemlea (narsoplimab) was already approved in the U.S. in December 2025 — the European setback doesn’t eliminate the domestic commercial opportunity
• Omeros’ next move: Requesting re-examination of the CHMP opinion and an independent Ad Hoc Expert Group review
• Upcoming catalyst: CMS J-code for Yartemlea becomes effective July 1, 2026 — simplifying hospital billing and reimbursement significantly
• Analyst target: HC Wainwright maintains Buy with $33 price target — implying +280% upside from current prices

Monday setup: This is a beaten-down biotech with intact U.S. commercial operations and a potential re-examination catalyst. It’s not for the faint-hearted, but the J-code going live July 1 is a real near-term positive.

🌾 #8 — SDOT (Sadot Group Inc.) | The Week’s Most Explosive Penny-to-Dollar Story

SDOT exploded +89% on Friday after completing a $12 million acquisition of UAE-based Anira Consulting (Tradewell), a commodity trading and consulting firm. The deal uses a mix of common stock, Series B preferred shares, and a $5M convertible note.

• Friday close: ~$11.71 (intraday range $9.81–$13)
• Weekend price (June 28): ~$19.28
• 52-week high (post-reverse split): $460.00
• Market cap: ~$15.58 million — a true micro-cap
• Key risk: Deeply negative book value per share; only ~$679,000 in cash on hand; revenue around $246.9M but profit margin of approximately -86%

The Anira deal expands SDOT’s global commodity trading footprint into the Middle East just as food commodity markets are navigating post-conflict supply chain disruptions. Momentum traders will be watching Monday for continuation or fade.

Quantum Computing — Monday’s Surprise Macro Driver

Trump signed two executive orders Monday morning directing intelligence agencies to defend and bolster U.S. quantum computing research. This is a direct catalyst for:

• INFQ (Infleqtion) — Quantum sensing and computing; already up 12% previously on Trump quantum tailwinds
• QBTS (D-Wave Quantum) — Quantum systems company; trending alongside INFQ
• RGTI (Rigetti Computing) — Another quantum computing name in the rotation

Quantum is the Monday sleeper trade. The EOs signal government contract expansion and validate the sector’s strategic importance — watch for unusual volume in these names at the open.

Key Technical Levels for the S&P 500

Schwab notes: the S&P 500 has managed to close just above its 50-day moving average for three consecutive sessions under pressure. “Several successive settlements below it would likely be needed to confirm a bearish turn.”

The Week Ahead: Why Thursday’s Jobs Report Is the Real Boss

Friday July 3 markets are closed — which means the June Nonfarm Payrolls report drops on Thursday July 2, one day early.

• May NFP: +172,000 jobs; unemployment rate 4.3%; hourly earnings +3.4% YoY
• Forecast: Markets watching for any signs of labor market softening that could delay rate hike fears
• Fed Chair Warsh speaks Wednesday in Portugal at the ECB’s Sintra symposium — any hint of his rate path thinking will be market-moving
• Rate hike odds: September rate hike priced at ~63%; December at ~80%

The week’s theme: Oil down, yields down, rate hike fears easing. That’s actually a constructive backdrop for equities if macro data cooperates Thursday.

For more market coverage, visit TruthsandNews.com

Disclaimer: This publication is entirely for informational and journalistic purposes and does not constitute formal financial, investment, or legal advice. All market investments carry inherent risks of capital loss. Always complete independent due diligence prior to executing equity trades.

_{^{Premarket flows: StockAnalysis.com Premarket | Earnings calendar: Schwab Earnings Preview}} . _{^{Stocks to Watch Tomorrow, Monday June 29}}

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Kasia Davis

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