SPCX Crisis Could Be Worst News for Stocks in 50 Years
As SpaceX's stock continues to disappoint - even after the biggest IPO in history...
And now that Elon Musk has lost the equivalent of Warren Buffet's entire fortune - in a single day...
Wall Street's declared what could be the worst news for the U.S. stock market in 50 years.
If Goldman Sachs and Morgan Stanley are right... what's coming next could be a historic crisis much worse than a single stock falling.
But won't be like the crashes you're used to.
What's about to hit America next could keep your portfolio in the red for 10 years or longer - unless you make a big change now.
To hear about this decade-long crisis now being predicted by multiple Wall Street banks...
And to see what you can do to protect your wealth...
Click here to learn how to prepare your portfolio.
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Keith Kaplan
CEO, TradeSmith
Goldman’s S&P 500 Target Looks More Reachable After the Latest Rally
Author: Jessica Mitacek. Published: 6/16/2026.
Key Points
- Goldman Sachs raised its 2026 year-end S&P 500 price target from 7,600 to 8,000, implying roughly 6% upside from current levels.
- Broad earnings growth supported the bullish outlook, with approximately 85% of S&P 500 companies reporting earnings beats in Q1 2026.
- SpaceX's June 12 IPO at $135 per share, along with confidential S-1 filings from OpenAI and Anthropic, signals a renewed IPO pipeline that could draw fresh capital into markets.
- Special Report: Forget SpaceX. Buy the company Musk can't replace.
The markets have chopped around and traded mostly sideways over the past month, with the S&P 500 remaining largely flat after bouncing back on June 11, when President Donald Trump announced that he was halting attacks on Iran.
Before his social media post, however, the benchmark index was on the verge of a pullback, having fallen 4.5% from its one-month high. Conditions remain volatile, with the Chicago Board Options Exchange’s CBOE Volatility Index (VIX) reaching its highest level since early April.
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Discover the gold income fund before the next payout dateStill, that has not dissuaded Goldman Sachs from maintaining its bullish outlook. In late May, the investment bank and financial services firm raised its 2026 year-end price target for the S&P 500 from 7,600 to 8,000. From where the benchmark index is trading today, that suggests potential upside of about 6% for the rest of the year.
Record Highs Are Almost Always Followed by Selloffs
The strong performance of the S&P 500 is being driven by a large number of stocks having recently hit their 52-week highs. Meanwhile, the market rotation out of higher-risk tech names and into overlooked—but outperforming—sectors like industrials and materials is helping drive a broad and sustainable rally.
That became evident in Q1 2026 earnings. Roughly 85% of companies in the index reported earnings beats, with about 80% of them surpassing revenue expectations. That broadening of earnings growth is a trend Wall Street expects to continue through the remainder of the year and into next year.
Goldman’s decision to raise its year-end target for the S&P 500 is based on numerous factors, but one major contributor is its strategists’ belief that earnings per share (EPS) will continue to grow throughout 2026. The bank projects EPS of $340 this year, which would mark a 24% increase from the prior year, and $385 for 2027, which would represent growth of 13%.
Additionally, a 6% gain from current prices does not seem far-fetched. Q1 earnings season is in the rearview mirror, and companies still have three quarters of earnings left to report.
While the war in Iran pushed oil prices higher and lifted the energy sector so far this year, crude has started to pull back after an initial U.S.-Iran agreement to extend the ceasefire and reopen the Strait of Hormuz. If the agreement holds, lower energy costs could help ease inflation pressure and support investor risk appetite.
Other tailwinds that contributed to numerous all-time highs this year remain in place, including:
The global memory chip shortage, which is expected to last at least until 2027, is showing that the AI trade has staying power.
Consumer spending is proving to be resilient despite inflation rising to a three-year high.
In short, the market’s macro backdrop could continue pushing the S&P 500 higher. The current selloff in AI and software names is a natural part of a healthy cycle, and the index was overbought heading into June and due for a pullback. Structurally, the bull run remains intact. But there are additional catalysts that could help drive the benchmark toward 8,000.
IPO Euphoria Will Continue to Drive Institutional and Retail Inflows
IPO fever has also gripped the markets.
Elon Musk’s SpaceX (NASDAQ: SPCX) went public on June 12 after pricing its IPO at $135 per share, giving public-market investors direct exposure to one of the most closely watched private companies in the world. The successful debut placed SpaceX among the largest publicly traded companies and gave the IPO market a major validation point.
SpaceX’s debut could help clear the path for the next cohort of mega-cap AI and technology companies eyeing public listings. OpenAI announced on June 8 that it had confidentially submitted a draft S-1 to the U.S. Securities and Exchange Commission, while Anthropic filed on June 1. Both filings point to a public-market pipeline that could keep IPO enthusiasm alive beyond SpaceX.
While neither company is likely to fetch SpaceX’s valuation, the revival in IPO activity matters for the broader market. Large public debuts can draw in new capital, reinforce investor confidence in growth stocks, and give Wall Street fresh benchmarks for valuing companies tied to artificial intelligence, cloud infrastructure, and next-generation technology.
In addition, Nasdaq recently updated its Nasdaq 100 methodology to allow certain large new listings to qualify for faster entry, while FTSE Russell introduced a fast-entry rule that allows eligible large IPOs to join Russell U.S. indexes after the fifth trading day. MSCI already had fast-track rules for large IPOs in place. If SPCX qualifies for early inclusion, it could pave the way for other companies—like OpenAI and Anthropic—to bypass historical seasoning rules and be fast-tracked into major indices.
It is worth noting, however, that SpaceX is not getting the same fast-track path into the S&P 500, where S&P Dow Jones Indices has kept its existing seasoning, financial viability, and minimum investable weight factor requirements in place.
Investor Confidence Is Being Tested, Not Broken
Investor sentiment is not uniformly bullish, but that may actually strengthen the case for a measured year-end rally. The latest American Association of Individual Investors sentiment survey shows that individual investors remain cautious, with bullish sentiment below its historical average and bearish sentiment elevated. The Fear & Greed Index has also remained in “fear” territory, suggesting the market has not returned to the kind of broad euphoria that often marks a more fragile rally.
Between AI’s CapEx supercycle, ongoing and projected broad earnings growth, and the wave of IPOs coming to market, it remains likely that the S&P 500 can reach Goldman Sachs’ year-end projection.
Domino's Stock Slides to 52-Week Low as Investors Digest CEO Change
Author: Jennifer Ryan Woods. Published: 6/25/2026.
Key Points
- Domino's named longtime executive Joe Jordan as its next CEO, a move that suggests the company is looking for continuity as it works to reaccelerate growth.
- The leadership transition comes after a disappointing first quarter that prompted Domino's to lower its 2026 outlook amid slowing sales growth and increased competition.
- Despite the recent sell-off, Wall Street remains broadly positive on the stock, with a Moderate Buy rating and an average price target that implies more than 40% upside from current levels.
- Special Report: Forget SpaceX. Buy the company Musk can't replace.
Domino’s Pizza, Inc. (NASDAQ: DPZ) announced the retirement of Chief Executive Russell Weiner on Monday afternoon, and investors were not pleased.
The news pushed the already struggling stock to a 52-week low and prompted several analysts to lower their price targets.
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Find and compare fiduciary financial advisors serving your area todayThe announcement comes as Domino's faces slowing sales growth and a reduced full-year outlook following a disappointing first quarter, raising the question of whether the CEO transition signals deeper challenges ahead or an opportunity for the company to reinvigorate growth.
Company Taps Veteran Joe Jordan to Take Over CEO Post
Weiner, who first joined the pizza chain in 2008 and became CEO in 2022, will retire at the end of September. He will be replaced by company veteran Joe Jordan, who will take the helm on Oct. 1.
Jordan has been with the company for nearly 15 years, serving in a range of roles across marketing, operations, technology, and franchisee support. He is credited with helping drive growth and innovation across the business, including overseeing the opening of more than 3,000 international stores and leading the relaunch of the loyalty and e-commerce platforms.
Executive Chairman David Brandon said the board unanimously chose Jordan to serve as Domino's next CEO, calling him "uniquely qualified to guide the company through its next phase of growth."
The decision to elevate a longtime company insider suggests the transition may be aimed more at reigniting growth than at pursuing a broader strategic overhaul.
In the press release announcing the change, Jordan said, "Domino's is one of the most innovative and resilient global systems in the restaurant industry and I am excited to build that foundation as we focus on reaccelerating growth and continuing to deliver delicious pizza and exceptional value to customers worldwide."
Weiner will transition to Executive Chairman Designate on Oct. 1 and assume the Executive Chairman role following the company's 2027 annual shareholder meeting. Brandon will retire and not stand for reelection to the board in 2027, capping off 28 years of service.
CEO Change Follows Tough Q1, Lowered 2026 Outlook
The leadership change comes at a difficult time for Domino's, which reported weaker-than-expected first-quarter same-store sales on April 27 as consumer uncertainty, unfavorable weather, and increased competition weighed on results.
During the Q1 earnings call, Weiner noted that "consumer sentiment hit COVID level lows," while rival pizza chains offered promotions that matched many of Domino's value deals.
Still, the quarter was not all bad. Revenue grew 3.5% year over year to $1.15 billion, order counts remained positive, and Domino's continued to gain market share in the United States. In addition, the company repurchased roughly 446,000 shares year to date through April 21.
Despite those bright spots, the softer-than-expected Q1 results prompted the company to revise its 2026 guidance. The company now expects global retail sales growth to be up mid-single digits for the year, compared with its previous forecast of around 6%. Operating income growth is projected to be mid- to high-single digits, compared with earlier guidance of approximately 8%.
Domino's isn't the only pizza chain facing headwinds. Last week, Yum! Brands (NYSE: YUM) announced plans to sell Pizza Hut in a pair of transactions valued at $2.7 billion after the chain struggled with declining same-store sales and operating profit. The move highlights the pressure facing the broader quick-service restaurant sector, particularly chains competing for value-conscious consumers.
Shares Hit a 52-Week Low After News of CEO Change
Domino's stock, which began the year at around $417, had already been trending lower before the leadership announcement.
Following the disappointing first-quarter results and reduced outlook, shares fell to roughly $335. The stock continued to drift lower in the weeks that followed, and news of Weiner's retirement added to the decline.
Shares fell nearly 6% on Monday on above-average volume, even though the official press release was issued after the market closed. The stock dropped another 4% the following day, hitting a 52-week intraday low of $282.
Year to date, Domino's shares are down more than 30%.
Analysts Trim Targets But Still See Strong Upside
Several analysts lowered their 12-month price targets following news of the CEO change, adding to the 19 targets lowered after the Q1 earnings release.
Even so, the average price target of roughly $413, more than 40% above the current price of $291, suggests analysts still see significant upside. The lowest target of $290 is roughly in line with the current share price, while the highest of $544 is more than 85% higher.
The consensus rating on the stock is a Moderate Buy, with 17 analysts assigning it a Buy rating, 12 a Hold, and one a Sell.
Not all investors share that optimism, however. At the end of May, around 3.5 million shares, or 10.7% of the float, were sold short, compared with 2.1 million shares, or 6.3% of the float, in mid-January.
While the leadership change comes at a challenging time, Domino's decision to promote a longtime executive suggests the move is aimed at restoring growth rather than responding to a crisis.
The next test for the company will come on July 20, when it reports second-quarter results. The results should provide a clearer picture of whether the first-quarter slowdown was a temporary setback or a sign of deeper challenges. They may also help investors determine whether this year's sell-off has created a buying opportunity or warrants further caution.
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