🌅 SpaceX Joins the Nasdaq 100, Comcast Splits Up & Iran Stands Down: What Traders Need to Know This Morning

THE MORNING MOMENTUM
Monday, June 29, 2026 — Holiday Week Edition

🌅 PRE-MARKET SNAPSHOT

We're starting the week green. After last week's tech beatdown, markets are getting a boost from a fragile Iran ceasefire and some massive corporate news overnight. Don't get too comfortable though — it's a short week, jobs data hits Thursday, and the tape can flip fast.

📰 WHAT YOU NEED TO KNOW

Iran stands down — for now.
The US and Iran agreed to stand down after both sides traded fire near the Strait of Hormuz this weekend. Talks remain on track. That's enough to lift risk sentiment this morning, but don't mistake a ceasefire for a peace deal. Oil is ticking higher and this situation stays fluid. Watch it. CNN

Comcast is splitting up — and Wall Street loves it.
Comcast announced it would spin off its media portfolio of NBCUniversal and Sky into two independent, publicly traded companies. Shares are up 20%+ premarket. The move unlocks value that's been buried inside a conglomerate for years. Charter Communications jumped 20% on Comcast's planned spinoff and reports it was in talks with SpaceX. Media stocks are the sector to watch at the open.

Rocket Lab is buying Iridium — space is consolidating.
Rocket Lab announced it is acquiring Iridium Communications in an $8 billion deal, combining launch capabilities with Iridium's satellite communications network. Rocket Lab is up 10%, Iridium up 22%. This is a theme — the space industry is entering its consolidation phase. Companies are picking sides.

SpaceX joining the Nasdaq 100 on July 7.
SpaceX rose 2% after Nasdaq confirmed it would be added to the Nasdaq 100 index before trading on July 7. This is not just a headline — it means every passive fund tracking the Nasdaq 100 must buy SPCX before that date. That's eight days of guaranteed institutional buying. Mark your calendar. TradingView

🎯 MOMENTUM PLAYS TO WATCH

SPCX — Best setup of the week
Index inclusion is one of the cleanest catalysts in the market. Passive funds don't have a choice — they have to buy before July 7. SPCX is at $155 premarket. The Iran ceasefire is a bonus tailwind for the space and energy sectors. This is both a day trade and a swing trade through next Monday.

RKLB — Momentum name of the morning
Up 10% on the Iridium deal. Rocket Lab just became a vertically integrated space company with launch + communications. The setup: let the first 15 minutes settle, buy the first meaningful pullback, target +5-7%. Tight stop. Don't chase the open print.

CMCSA — Spinoff catalyst
Up 20%+ but the story has legs. Spinoffs historically unlock value over weeks, not just one morning. If you missed the gap, watch for a pullback to consolidate before the next leg. Charter (CHTR) is also worth watching — up 20% on the Comcast news and SpaceX partnership reports.

HOOD — Psychological $100 level
Approaching $100 premarket. This is a key level. If it breaks through and holds at the open, momentum traders will pile in targeting $105+. If it fades below $99, step aside. Watch the first 30 minutes before committing.

MSFT — Bouncing from 52-week lows
Closed at $352 last week after a brutal June. Up 1.79% this morning to $379. The AI capex fear trade is overdone. MSFT still runs Azure, Office 365, and Copilot. This is a recovery bounce worth watching — if it reclaims $385 today, the downtrend may be breaking.

💰 COVERED CALL OPPORTUNITY OF THE WEEK

NKE — Sell before tomorrow's earnings
Nike reports earnings Tuesday. IV is elevated right now which means option premiums are rich. A July 2 $42 or $43 covered call on NKE generates decent premium while giving some upside room. If NKE beats and runs above $43, shares get called away but you still collect the premium. If it disappoints, you keep everything. Best window to sell is today before IV collapses after the earnings print.

BMNR — Roll your weekly call
BMNR is at $13.75 premarket, up 1.4%. With a large position at hand, this is your primary income engine. Look at the July 2 $14 or $14.50 call for this week's premium. More detail on exact pricing at 10am when we execute.

UNH — The $430 strike
UNH flat at $427 premarket. The July 10 $430 call is generating ~$750 per contract. Conservative, steady, and one of the cleanest income trade of the week alongside BMNR.

📅 THIS WEEK'S CALENDAR

Thursday's jobs report is the one to watch. Strong jobs = Fed stays hawkish = rate cut hopes fade. Weak jobs = bonds rally, growth stocks bounce. Position accordingly before Thursday.

⚡ TRADER'S NOTE

Short week, big catalysts, holiday Friday. Volume will thin out by Wednesday. The best trades this week happen Monday and Tuesday — after that the tape gets choppy as desks go on holiday. Move early, take profits, and don't overstay your welcome on momentum plays.

The Morning Momentum is for informational purposes only. Not financial advice. Trade responsibly.
themorningmomentum.beehiiv.com | @TMomentumDaily