Editor's Note: Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run — and has identified the top S&P 500 stock 12 years running. Today, he's giving away his #1 AI stock pick for 2026, free. Click here to get the name and ticker or read more below.

Dear Reader,

I want to give you a free stock pick today.

No strings attached. No credit card required. Just the name, ticker, and my full analysis.

Here's what I can tell you right now:

This company recently reported record annual revenue of $113.5 billion.

When Elon Musk set out to expand a massive AI initiative we're calling "Project Apex," he inked a $5 billion deal with this firm to make it happen.

And it just earned an A-rating in my proprietary Stock Grader system.

That's the same system that helped me flag Nvidia back in 2005 — before its 82,000% run.

In fact, this system has identified the top-performing S&P 500 stock for 12 years running. Over the years, it has cost me $9 million to build and maintain. And right now, it's flashing its highest possible rating on this AI play.

Click here to see which AI stock my $9 million system is flagging right now, free.

But this pick is just the beginning...

I've also identified three more AI stocks my system shows have the same early-stage characteristics as Nvidia did in 2005.

Click here to get the name and ticker of my #1 AI stock for 2026 in this free briefing, completely free.

Regards,

Louis Navellier
Senior Investment Analyst, InvestorPlace

P.S. My Stock Grader system has cost $9 million to build and maintain. It helped me flag Nvidia at $1 split-adjusted. Today it's flashing its highest rating on one AI stock and I'm giving you the name free. Click here before this briefing comes down.

STORY OF THE DAY

📉🚀 SpaceX Just Had Its First Bad Day

SpaceX ( $SPCX ( ▼ 3.56% ) ) is finally cooling off. Shares fell 5% Wednesday, the stock's first decline since their IPO after a three day rally that had pushed shares 50% above their offering price. Turns out every elevator eventually stops going up, even if Mars is the destination.

The pullback came one day after SPCX options started trading, which gave bears their first real chance to bet against the stock. Future Fund's Gary Black said SpaceX has been trading more like a meme stock than a company priced on fundamentals, and that dynamic can’t last forever.

Here's the math that explains everything:

• 📊 Only 4.2% of SpaceX shares are actually free to trade right now. That tiny supply is why every wave of buying sent the price flying.

• 🔓 A bigger wave of shares could hit the market as soon as late July, when up to 20% of the locked up stock may unlock all at once.

• 🐂 Retail traders bought $369.8 million worth of SPCX in just three days. That is roughly four times more than what they bought of Nvidia and the Nasdaq ETF combined over the same stretch.

Right now, a small float and investor excitement are doing a lot of the work. Expect this kind of volatility to continue until the lockup expires in December or until the company's first earnings report drops in September, whichever forces real fundamentals into the price first.

The Munch Take: A stock cannot stay a one way elevator forever, especially once people finally get tools to bet against it. The long term SpaceX story still has real substance behind it but the short term price action right now has almost none. Watch the float unlock dates closely, because that is when this stock finds out what it is actually worth.

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AROUND THE GLOBE

🕊️ The US And Iran Signed A Deal To End The War

After nearly four months of war, Trump just signed the memorandum with Iran at the Palace of Versailles. Oil dropped to its lowest level in three months and stocks got a quick boost. Markets love nothing more than a reason to stop holding their breath.

What Actually Got Signed: This is a ceasefire framework, not a final peace treaty. Both sides agreed to stop fighting and have 60 days to hammer out the real deal. In exchange, the US lifts sanctions and unfreezes Iranian funds. Iran promises to not procure or develop nuclear weapons.

Here's why traders should care:

• 🛢️ The Strait of Hormuz will reopen, with Iran agreeing to allow safe passage of commercial vessels with no charge for 60 days, a route through which roughly 20% of the world's oil passed before the war.

• 💰 The memorandum includes a commitment for the US to work with regional partners on a plan for at least $300 billion to be distributed to Iran for reconstruction and economic development.

• ⏳ Trump made clear the door stays open to renewed bombing if the deal doesn't hold, saying "if it doesn't get done in 60 days, it's all right. We go back to bombing."

The Part Nobody Should Skip

Because both sides signed electronically, the planned in-person signing ceremony in Geneva on Friday was scrapped entirely. Israel is not a party to this agreement at all, and the memorandum is not considered a final settlement. One Middle East expert warned that similar deals have collapsed before once parties tried to bridge the remaining gaps.

The Munch Take: Markets celebrate certainty, and right now this deal offers the appearance of certainty more than the real thing. Oil flowing again and sanctions easing is genuinely bullish news. But a 60 day negotiation window over nuclear weapons, with Israel sitting outside the agreement entirely, is exactly the kind of detail that can unravel a rally just as fast as it built one.

🍪 Munchy Memes

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