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The US Department of Defense (DoD) will become the largest shareholder in MP Materials (NYSE:MP) after agreeing to purchase US$400 million worth of preferred stock in the company, which owns and operates the only rare earth mine in the United States.

The rare earths producer said the proceeds from the investment will fund the expansion of its processing capabilities at the Mountain Pass mine in California and support the construction of a second magnet manufacturing facility in the US.

The materials mined and processed by MP are critical to the production of permanent magnets used in military systems, including the F-35 fighter jet, drones, and submarines.

The US has depended heavily on foreign imports for these materials — primarily from China, which accounted for about 70 percent of rare earth imports in 2023, according to the US Geological Survey.

In a press release issued Thursday (July 10), MP Materials described the agreement as a ‘transformational public-private partnership’ and said it would ‘dramatically accelerate the build-out of an end-to-end US rare earth magnet supply chain and reduce foreign dependency.’

The investment gives the Pentagon newly created preferred stock convertible into common shares, along with a 10-year warrant to buy additional stock at US$30.03 per share.

If fully converted and exercised, the DoD would own 15 percent of MP Materials, based on current share counts as of July 9. That would exceed the 8.61 percent stake held by CEO James Litinsky and the 8.27 percent stake held by BlackRock Fund Advisors.

Litinsky emphasized that the deal does not equate to government control of the company. “This is not a nationalization,” he said in an interview on CNBC. “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but we still control our company. We control our destiny. We’re shareholder driven.”

MP’s new magnet facility, called the “10X Facility,” will increase the company’s magnet manufacturing capacity to 10,000 metric tons annually once it begins commissioning in 2028. The exact location of the facility has not yet been disclosed.

The Pentagon has committed to purchasing 100 percent of the magnets produced at the 10X Facility for 10 years.

Additionally, the DoD will guarantee a minimum price of US$110 per kilogram for MP’s neodymium-praseodymium oxide (NdPr), a key material used in magnet production. If market prices fall below that threshold, the Pentagon will pay the difference quarterly.

In return, once the new facility is operational, the government will receive 30 percent of any upside above US$110 per kilogram.

To further support the buildout, MP Materials expects to receive a US$150 million loan from the Pentagon within 30 days to expand its heavy rare earth separation capabilities at Mountain Pass, the only active rare earth mine in the US.

It is also commissioning a magnetics facility in Texas, known as Independence, to bolster its downstream processing capabilities.

As the only domestic miner with vertically integrated capabilities and a clear path to rare earth magnet production at scale, MP Materials now sits at the center of the Biden-to-Trump era effort to bring critical mineral supply chains back to American soil.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (July 11) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$118,008 a 6.3 percent increase in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$110,768 and a high of US$118,667.

Bitcoin price performance, July 11, 2025.

Chart via TradingView

Ethereum (ETH) is priced at US$3,003.27, up by 7.4 percent over the past 24 hours. Its lowest valuation as of Friday was US$2,767.71, and its highest was US$3,027.12.

Altcoin price update

  • Solana (SOL) was priced at US$163.68, up by 5.3 percent over 24 hours. Its lowest valuation as of Friday was US$156.41, and its highest was US$166.09.
  • XRP was trading for US$2.59, up 10 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.43, and its highest was US$2.69.
  • Sui (SUI) is trading at US$3.50, up by 7.9 percent over the past 24 hours. Its lowest valuation was US$3.22 and its highest was US$3.54.
  • Cardano (ADA) is priced at US$0.7123, up by 18.4 percent in the last 24 hours. Its lowest valuation as of Friday was US$0.6233, and its highest was US$0.7521.

Today’s crypto news to know

Bitcoin hits US$118,000 as ETF inflows surge and US crypto legislation advances

Bitcoin shattered previous records by surging past US$118,000 this week, with bullish momentum sustained by large inflows into spot bitcoin ETFs and favorable policy signals from Washington.

The world’s largest cryptocurrency jumped over 7 percent Friday, closing in on US$119,000 as investors cheered bipartisan Senate passage of the GENIUS Act—a bill that would establish regulatory guardrails for stablecoins.

Market optimism is also supported by a softer US dollar and the Trump administration’s overt crypto friendliness.

The GENIUS Act would codify requirements for fiat-pegged stablecoins, offering investor protections while legitimizing the sector in the eyes of institutional capital. ETFs tracking Bitcoin have posted record volumes, drawing billions in net inflows.

Bitcoin is now up over 26 percent year-to-date, with total crypto market capitalization nearing US$3.5 trillion.

Analysts expect next week’s “crypto week” in Congress to further catalyze sentiment, as lawmakers debate multiple digital asset bills.

Trump-linked WLFI Token gets US$100M buy from anonymous entity

A little-known group called Aqua 1 Foundation became the largest public investor in Donald Trump’s World Liberty Financial (WLFI) crypto token, buying US$100 million worth of tokens in late June.

According to Reuters, though the foundation says it is based in the UAE, public records offered no clarity on the group’s financial backers or its supposed founder Dave Lee.

The token purchase directly benefits the Trump family, which reportedly receives 75 percent of all WLFI proceeds; the family’s estimated crypto earnings have now topped US$500 million.

While Aqua 1 said in a brief statement it was backed by ‘mission-aligned partners,’ it declined to offer transparency on its structure, citing privacy. US ethics experts have raised concerns over potential conflicts of interest, despite the White House stating Trump’s assets are in a trust managed by his children.

World Liberty and Trump Media did not respond to press inquiries.

EU regulator warns crypto firms over misleading investors

The European Securities and Markets Authority (ESMA) warned crypto platforms against blurring the distinction between regulated and unregulated products under MiCA, the EU’s new crypto framework.

ESMA said that many crypto firms are offering both compliant and non-compliant services on the same platform, creating investor confusion and undermining MiCA’s consumer protections.

Under MiCA, only firms licensed as crypto asset service providers (CASPs) are allowed to market specific financial products across the EU.

However, direct investments in commodities or crypto lending still fall outside the scope of those protections. ESMA also criticized some firms for using their regulated status as a marketing tactic to legitimize riskier services.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

The strong labour report came as a surprise to analysts who had been expecting employment rates to be flat month-over-month and the unemployment rate to increase to 7.1 percent. The June data signifies the first notable improvement in the job market since January and breaks a three-month rising trend in the unemployment rate.

Late on Thursday (June 10), US President Donald Trump threatened Canada with a 35 percent tariff on all exports starting on August 1. In his letter to Prime Minister Mark Carney, Trump said that Canada had imposed unfair trade practices, citing a 400 percent tariff on dairy products.

However, Canada has a trade deficit with the US when it comes to dairy. Imports in 2024 reached a record C$877 million, while exports of Canadian dairy totaled just C$358 million. Canada imposes a tariff rate quota, which limits the amount of duty-free dairy products that can enter Canada. Tariffs are only applied once the quota is exceeded.

Trump also pointed to continued flows of fentanyl into the US, saying, “If Canada works with me to stop the flow of fentanyl, we will, perhaps, consider an adjustment to this letter.”

The president has used fentanyl as a reason for imposing tariffs against Canada since the start of his term, although the Canadian government is already taking action to secure the border further and the flow of the drug through the northern border remains a fraction of what it is at the southern border.

So far in the 2025 fiscal year, which started in October 2024, there have been 58 pounds of fentanyl seized at the Canada-US border. While the quantity of drugs seized coming from Canada has increased from 43 pounds the prior year, the number of events recorded has fallen to 38 from 67 in fiscal year 2024.

In December 2024, Canada announced C$1.3 billion in additional funding for increased security at the border, which included new and expanded detection capacity for illegal drugs. Between February and March, the Canada Border Services Agency conducted a one month drug-seizure operation focused on air, land and sea shipments named Operation Blizzard.

In May, the agency reported it seized 1.73 kilograms of fentanyl during the operation, 1.44 kilograms of which were en route to the United States. Additionally, 67.5 percent of the 2,600 seizures related to any drug ‘were of illegal narcotics coming to Canada from the United States,’ with only 17.5 percent going in the other direction.

Trump also announced on Tuesday (July 8) a 50 percent tariff on copper imports into the United States. The levies were imposed under section 232 of the Trade Expansion Act, which is designed to give the president the power to levy tariffs on imports deemed to be critical to national security.

According to the United States Geological Survey, Canada is the second largest exporter of refined copper to the United States behind Chile and top exporter of copper ore to the country.

The effects of the tariffs may take some time to work into the market. Still, British Columbia and Ontario will feel the impact as the two largest copper-producing provinces.

The copper price skyrocketed on the news to a fresh all-time high of US$5.72 per pound on the COMEX.

Markets and commodities react

In Canada, equity markets were mixed this week. While the S&P/TSX Composite Index (INDEXTSI:OSPTX) fell 0.04 percent to close at 27,023.25 on Friday (July 11), the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, gaining 4.01 percent to 784.42, and the CSE Composite Index (CSE:CSECOMP) climbed 6.53 percent to 129.79.

US equity markets ended the week largely flat overall, with the S&P 500 (INDEXSP:INX) gaining just 0.21 percent to close Thursday at 6,259.74, the Nasdaq 100 (INDEXNASDAQ:NDX) climbing 0.13 percent to 22,780.60 and the Dow Jones Industrial Average (INDEXDJX:.DJI) falling 0.44 percent to 44,371.52.

In precious metals, the gold price rose 0.56 percent over the week to US$3,356.14 by Friday at 4 p.m. EDT. The silver price reached US$38.53, its highest price since 2011, near the end of trading Friday, before pulling back slightly to end the week up 3.38 percent at US$38.41.

In base metals, copper pulled back slightly from its fresh all-time high mentioned above, but still ended the week with a 10.24 percent gain to US$5.58. The S&P GSCI (INDEXSP:SPGSCI) lost 0.98 percent to close at 551.38.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Avanti Gold (CSE:AGC)

Weekly gain: 158.33 percent
Market cap: C$10.92 million
Share price: C$0.155

Avanti Gold is an exploration and development company working to advance its flagship Misisi gold project in the Democratic Republic of the Congo (DRC).

The project consists of three mining licenses covering an area of 133 square kilometres in the Kibara gold belt and is a 73.5/21.5 joint venture between Avanti and Chinese mining company MMG (HKEX:1208), with the DRC government retaining a 5 percent interest.

An August 2023 technical report demonstrated an inferred mineral resource estimate of 3.11 million ounces of contained gold from 40.8 million metric tons of ore with an average grade of 2.37 g/t.

Shares in Avanti rose this week after the company announced on Thursday that it settled the payment dispute between itself, Arc Minerals (LSE:ARCM) and Regency Mining, which Avanti acquired in December 2022.

Prior to its acquisition by Avanti, in April 2022 then-private company Regency agreed to purchase Arc subsidiary Casa Mining, owner of the 73.5 percent interest in the Misisi project. Under the terms of the original deal, Regency agreed to pay Arc in part with US$1.25 million in shares of a public company, which was never fulfilled.

The new settlement agreement will enable Avanti to reduce the amount it owes if it pays within certain timeframes: US$562,500 if it pays Arc by August 31, or US$625,000 by October 31 or US$750,000 by December 31. If the payment is not completed this year, the amount owed will revert to the original US$1.25 million and be due on January 1, 2026.

2. Silver Mountain Resources (TSXV:AGMR)

Weekly gain: 139.68 percent
Market cap: C$27.87 million
Share price: C$1.51

Silver Mountain Resources is an exploration and development company working to restart production at the Reliquias underground mine in Central Peru.

The mine is part of the larger Castrovirreyna project, which consists of three blocks of mineral concessions. The main Reliquias block consists of 245 concessions covering an area of 24,093 hectares. The site also hosts a 2,000 metric ton per day processing plant, with an operating tailings dam.

A May 2024 preliminary economic assessment demonstrated project viability with an after-tax net present value of C$85 million, an internal rate of return of 51 percent and a payback period of 1.8 years.

The included mineral resource estimate showed measured and indicated grades of 4.25 ounces per metric ton silver, 0.41 grams per metric ton (g/t) gold, 2.02 percent lead, 3.09 percent zinc and 0.32 percent copper from 1.31 million metric tons of ore.

Shares in Silver Mountain gained significantly this week after it announced on Tuesday (July 8) that it was finalizing an agreement with global commodities supplier Trafigura for a US$10 million prepayment facility to advance work at Reliquias.

The company said it would provide further details once definitive documentation is completed.

3. Altima Energy (TSXV:ARH)

Weekly gain: 100 percent
Market cap: C$23.99 million
Share price: C$0.49

Altima Energy is a light oil and natural gas exploration and development company with operations in Alberta, Canada.

Its primary asset is the Richdale property in Central Alberta. The property consists of five producing light oil wells and sits on 5,920 acres of long-term reserves. The property hosts combined proved and probable reserves of just under 2 billion barrels of oil equivalent, with a pre-tax net present value of C$25.8 million.

The company also owns two wells at its Twinning light oil site near Nisku, seven producing wells at its Red Earth property in Northern Alberta and two multi-zone wells at its Chambers Ferrier liquid gas production property.

Shares in Altima gained this week after it released news on Tuesday that it had completed a private placement for proceeds of up to C$5.5 million. Under the terms of the deal, the company will issue 20 million units at C$0.275 per unit, which each include one common share and one warrant allowing the holder to purchase a common share for C$0.40.

The company said that part of the proceeds would be used to complete field upgrades at its Red Earth and Richdale properties.

4. McFarlane Lake Mining (CSE:MLM)

Weekly gain: 83.33 percent
Market cap: C$14.88 million
Share price: C$0.055

McFarlane Lake Mining is a gold exploration company working to advance a portfolio of properties in Southern Ontario, Canada, with options agreements in place to earn 100 percent interests in the projects.

Its primary focus has been on its McMillan property southwest of Sudbury. The site consists of 12 mining leases over 268 hectares and hosted historic mining in the 1930s.

McFarlane Lake explored the property throughout the first half of 2025. On July 3, the company shared assay results from the final drill hole of its drill program at the project. The drill hole intersected a broad interval of 1.3 g/t gold over 29.5 meters, which included intersections of 6.6 g/t gold over 4.55 meters and 20.1 g/t over 1.45 meters.

In the same announcement, the company reported that a downhole electromagnetic survey of the drill hole located an electromagnetic ‘superconductor’ nearby.

Shares in McFarlane were up this week after it was announced on Monday (July 7) that it would be acquiring the Juby Gold project from Aris Mining (TSX:ARIS) for a total consideration of US$22 million, including US$10 million in cash.

The transaction includes Aris’ 100 percent stake in Juby and its 25 percent stake in the adjacent Knight property, in which Orecap Invest holds the other 75 percent interest.

In a follow-up release on Tuesday, the company said the property is one of Ontario’s largest undeveloped gold properties and highlighted a historical indicated mineral resource of 775,000 ounces of gold from 21.31 million metric tons of ore with an average grade of 1.13 g/t gold, plus an inferred resource of 1.49 million ounces of contained gold from ore grading 0.98 g/t.

5. World Copper (TSXV:WCU)

Weekly gain: 75 percent
Market cap: C$14.63 million
Share price: C$0.07

World Copper is an exploration and development company focused on its Zonia copper project in Central Arizona, US. It also owns the Escalones copper project in Chile.

The Zonia property, acquired following a merger with Cardero Resources in January 2022, has seen extensive exploration dating back 100 years and hosted open-pit mining operations until 1975.

In November 2024, the company released an amended resource estimate for the project, showing a total indicated resource of 668 million pounds of contained copper from 112.2 million short tons of ore with an average grade of 0.297 percent, and an inferred resource of 320 million pounds from 62.9 million short tons of ore with an average grade of 0.255 percent.

On February 19, World Copper reported it had entered into a binding agreement to sell Zonia to an arm’s length third party for cash considerations of C$26 million. However, on May 6, World Copper announced that it terminated the agreement.

The company has not released news since. Shares gained this week against a backdrop of US copper tariffs and a surging copper price.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

 

(TheNewswire)

 

     

   
             

 

July 11, 2025 TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV:  JZR) (the ‘ Company ‘ or ‘ JZR ‘) is pleased to announce that it intends to undertake a non-brokered private placement offering (the ‘ Offering ‘) of up to 5,000,000 units (each, a ‘ Unit ‘) at a price of $0.30 per Unit, to raise aggregate gross proceeds of up to $1,500,000.  Each Unit will be comprised of one common share (each, a ‘ Share ‘) and one share purchase warrant (each, a ‘ Warrant ‘). Each Warrant will entitle the holder to acquire one additional common share (each, a ‘ Warrant Share ‘) of the Company at an exercise price of $0.40 per Warrant Share for a period of two (2) years after the closing of the Offering. The Warrants will be subject to an acceleration clause whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange, or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Units, Shares, Warrants and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.

 

  The Units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 –   Prospectus Exemptions.  

 

  The Offering may close in one or more tranches, as subscriptions are received.  The Securities will be subject to a hold period of four months and one day from the date of issuance.  Closing of the Offering, which is expected to occur on or about July 21, 2025, will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Exchange.  

 

  The Company intends to use the net proceeds from the Offering to fund operations of the fully constructed 800 tonne-per-day gravimetric mill, as well as future exploration work on the Vila Nova Gold project located in Amapa State, Brazil, and for general working capital purposes. JZR has been advised by its Joint Venture Royalty Agreement partner, ECO Mining Oil & Gaz Drilling and Exploration Ltda. (EIRELI) (‘ECO’), that the Mill is fully operational, but ECO is completing a few minor improvements to the Mill to improve operational efficiency. There will be further updates regarding operations in the immediate future.  

 

For further information, please contact:

 

Robert Klenk

 

Chief Executive Officer

 

rob@jazzresources.ca

 

Forward-Looking Information

 

  This press release contains certain ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering.  Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.  These factors include, but are not limited to:   the Company may not complete the Offering; the Offering may not be approved by the TSX Venture Exchange;   risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.  

 

  Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.  

 

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Over a number of years working for a large money manager with a rich history of stock picking, I became more and more enamored with the benefits of scanning for constructive price charts regardless of the broad market conditions.  Earlier in my career, as I was first learning technical analysis, I devoured work by stock picking guru Mike Webster and other William O’Neil disciples who advocated for finding strong charts in any market environment.

Given that background, I was super excited this week to apply a true stock picker’s mindset, with the goal of identifying one compelling chart in each of ten S&P 500 sectors.  From Communication Services to Utilities, there are plenty of interesting technical setups and nuances to discuss.  And if you’re wondering why there are only ten charts instead of 11, that’s because I skipped Real Estate.  It’s a smaller sector, which I tend to think of more in terms of sector rotation than specific security selection.

Let’s kick things off with a top-performing chart in Communication Services that is showing all the signs of accumulation.

DoorDash Inc. (DASH)

While the mega cap Magnificent 7 stocks like Meta Platforms (META) and Alphabet Inc (GOOGL) tend to grab all the headlines, I’m more intrigued by other names in this sector demonstrating positive technical characteristics.  DoorDash has been making higher highs and higher lows, and remains above three upward-sloping moving averages.

The price is above the 21-day exponential moving average, which is above the 50-day simple moving average, which is above the 200-day simple moving average.  Combined with strong but not excessive momentum, along with improving relative strength, and we have a chart that continues to feature bullish signs in July 2025.

Booking Holdings Inc. (BKNG)

If it seems as if DoorDash is a little too overextended, Booking Holdings is a bit earlier on in its breakout journey.  Here we can see a clear resistance level around $5300, with a breakout and subsequent retest confirming a new uptrend phase.

When a chart like this shows a clear and consistent resistance level, the initial breakout can be quite tempting on the long side.  The subsequent pullback to that same breakout point, followed by new support at the breakout point, serves to validate the breakout and confirm the bullish reading.

With charts like BKNG, I like to use the 21-day exponential moving average as an initial warning sign.  As long as the price remains above this short-term trend mechanism, then the uptrend is still intact.  If and when the price violates this moving average, that’s when I like to review the chart to determine whether the stock still deserves a place in my portfolio.

Boston Scientific Corp. (BSX)

Our final example, Boston Scientific, is one that I would argue still has a bit to prove.  We can observe a clear resistance level around $107.50, which was initially set in February and then retested in May and June.  

This is exactly where I would leverage the Alert Workbench on StockCharts to let me know when the price has finally broken above this crucial resistance level.  I love to save potential breakout candidates to a new ChartList, and then set alerts for if and when the price finally breaks above the entry point.  That way, you’re able to identify an opportunity and develop a simple trading plan up front, and then let StockCharts do the “heavy lifting” and keep a close watch on the price action in the days and weeks to come!

To see the other seven charts in all their glory, head over to the StockCharts TV YouTube channel!

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

marketmisbehavior.com

https://www.youtube.com/c/MarketMisbehavior

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Investing in triple-leveraged ETFs may not be on your radar. But that may change after you watch this video. 

Tom Bowley of EarningsBeats shares how he uses the 3x leveraged ETFs to take advantage of high probability upside moves. Tom shows charts of 3x leveraged ETFs that mirror their benchmark — TNA (Russell 2000), SOXL (Semiconductors), and LABU (Biotech), and maps out how you can use the setups in these charts to multiply your returns. 

With money rotating heavily into growth stocks, investors should be looking for opportunities. Tom shares charts of indexes, sectors, and individual stocks/ETFs that are displaying technical strength and strong accumulation patterns. 

Ready to multiply your returns while the market’s moving higher? Watch Tom chart out the trades he’s making today. 

This video was published on July 10. Click this link to watch on Tom’s dedicated page. 

Missed a session? Archived videos from Tom are available at this link

Justice Ketanji Brown Jackson reflected on her role on the Supreme Court during an event in Louisiana over the weekend, saying she enjoyed making her opinion known through court cases.

‘I just feel that I have a wonderful opportunity to tell people in my opinions how I feel about the issues, and that’s what I try to do,’ Jackson said.

Jackson, an appointee of former President Joe Biden, made the remarks during a sit-down with ABC News on stage during the Essence Festival of Culture in New Orleans as part of a tour for her book, ‘Lovely One.’

Despite being the most junior justice, Jackson has made her voice heard in the high court by going out of her way to write her own dissents in high-profile cases, even if she is not the principal dissenter, as she did in a recent major decision in which the Supreme Court found universal injunctions from judges were unlawful.

‘I write separately to emphasize a key conceptual point: The Court’s decision to permit the Executive to violate the Constitution with respect to anyone who has not yet sued is an existential threat to the rule of law,’ Jackson wrote in defense of universal injunctions.

In a biting rebuke, Justice Amy Coney Barrett responded in her majority opinion that Jackson’s remarks were ‘at odds’ with more than 200 years of court precedent and the Constitution and that they were not worth dwelling on.

Recently, Justice Sonia Sotomayor, a liberal justice who often sides with Jackson in prominent cases, went out of her way to disagree with Jackson in an emergency order that permitted President Donald Trump’s sweeping federal job cuts.

Jackson indicated during the interview that the justices have good relationships with one another. She noted that they have a ritual by which they shake each other’s hands before walking out into the courtroom and that some also have lunch together weekly.

‘The rule at lunch is that you don’t talk about cases, so you learn about people’s families and sports and books and movies and that kind of thing, and you get to know them outside of work,’ Jackson said.

Jackson, a Harvard Law School graduate and former federal judge, has also attracted attention for how frequently she chimes in during oral arguments. Analyses by the Empirical SCOTUS blog found Jackson spoke more than any of her colleagues during arguments in the 2022 and 2023 court terms.

‘It’s funny to me how people focus on how much I talk at oral argument,’ Jackson said during the interview.

‘I was always this person on the bench,’ Jackson said. ‘And so it’s been a bit of an adjustment, because, as a trial court judge, you have your own courtroom, so you can go on as long as you want. And, so, trying to make sure that my colleagues get to ask some questions has been a challenge for me, but I’ve enjoyed it. I really have.’

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Sen. Ron Johnson, R-Wis., is gearing up to subpoena the FBI and Justice Department for more information on last year’s assassination attempt against President Donald Trump.

Johnson, who chairs the Permanent Subcommittee on Investigations, was a co-author of last year’s bipartisan Senate Homeland Security Committee report on the assassination attempt against Trump in Butler, Pa.

But that report was not the final product. Now he’s plowing ahead with the investigation that he described as ‘maddening’ because of the roadblocks and barriers he has faced along the way. And last night, he approved a subpoena to get more information from the FBI and Department of Justice.

‘I’d like our report to be bipartisan, but everybody else seems to have been moving on here and not particularly interested in an investigation. I am,’ Johnson said. ‘Whether I have the other officers involved or not, I’m moving forward, which is why I approved a subpoena.’

Johnson accused the FBI and DOJ of ‘not sharing with us,’ and said that he needed documentation to move forward with his investigation and that he was ‘not getting it.’

‘We’re continuing to be stonewalled, and I’m not happy about it,’ he said.

Fox News Digital reached out to the FBI and Justice Department for comment.

Nearly a year ago, gunman Thomas Crooks fired off eight rounds from a rooftop near the stage of Trump’s rally, grazing the then-presidential candidate on the ear and killing one rally attendee, firefighter Corey Comperatore, and wounding others before being slain.  

The previous preliminary report was the product of a joint investigation with the Senate Homeland Security and Governmental Affairs Committee and the Permanent Subcommittee on Investigations, which at the time were led by Senate Democrats when they controlled the majority.

That report found that failures in the U.S. Secret Service’s ‘planning, communications, security, and allocation of resources for the July 13, 2024, Butler rally were foreseeable, preventable, and directly related to the events resulting in the assassination attempt that day.’

Johnson reiterated that he hoped the final report, and his subpoena push, would be a bipartisan effort.

‘I’m hoping they all join on. But again, if not … I’ve got unilateral subpoena power, so, I will issue that subpoena,’ he said. ‘But if the other officers join in, great.’

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State Department spokesperson Tammy Bruce said the agency is poised to move ‘quickly’ after the Supreme Court shot down a lower court’s ruling blocking the Trump administration from implementing widescale reductions in force across the federal government. 

‘I think it’s fair to say that with everything else that happens [at the State Department], it will happen quickly,’ Bruce said when asked how soon the agency would begin issuing notices to department employees. ‘This is not going to be an extended wait for people who are listening and watching in this building, or fellow Americans at home and around the world, this will happen quickly.’

Bruce pointed out that, up to this point, the only reason there has been a delay in implementing force reductions at the Department of State, is because of the courts that have stepped in to try to halt the reforms.

‘There has been a delay – not to our interests, but because of the courts,’ Bruce added. ‘It’s been difficult when you know you need to get something done for the benefit of everyone. So it will be – it will be quickly.’ 

However, while Bruce indicated the agency would be moving ‘quickly,’ she declined to provide any specific timeline. 

She also declined to provide specifics around whether a court order that followed the Supreme Court’s decision authorizing the Trump administration’s reductions in force, which seeks to resolve a dispute over whether the administration must publicly share the reasoning for their reorganization efforts, might slow down the process. 

The court order seeking to determine whether the Trump administration must publicly share the details of their planned reforms and reductions in force across the government was signed by U.S. District Court Judge Susan Illston. 

It was Illston’s previous ruling in May that temporarily blocked the Trump administration from implementing its executive agency reforms, which the Supreme Court overturned this week.

Illston’s May ruling stemmed from lawsuits initiated by labor unions and advocacy groups, which argued the president’s February work reduction executive order was an overreach of power and undermined certain civil service protections.

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The Trump administration has repeatedly assigned additional job roles to Cabinet members and other officials amid government shake-ups as the president solidifies his agenda for the coming years, Fox News Digital found. 

Secretary of Transportation Sean Duffy was the latest Trump official to be charged with an additional role on June 9. The Transportation chief and Trump ally now also serves as the administration’s acting NASA administrator, after the president pulled a former nominee’s name from consideration to lead NASA. 

Duffy, however, is not alone in taking on multiple roles within Trump’s second administration. Fox News Digital looked back on the various Trump Cabinet members and officials who have or are currently wearing multiple hats as the president works to realign the federal government to track with his ‘America First’ policies. 

Sean Duffy 

Duffy, a former Republican congressman from Wisconsin, was tapped to oversee the Department of Transportation and was confirmed by the Senate on Jan. 28. Since his confirmation, Duffy has juggled a handful of crises related to tragic plane crashes — including the Potomac River mid-air collision on Jan. 29 — and air traffic control issues that plagued New Jersey’s Liberty International Airport earlier this year. 

Trump posted to Truth Social on Wednesday evening that Duffy would also serve as interim chief of NASA. 

‘I am pleased to announce that I am directing our GREAT Secretary of Transportation, Sean Duffy, to be Interim Administrator of NASA,’ Trump wrote in his announcement. 

‘Sean is doing a TREMENDOUS job in handling our Country’s Transportation Affairs, including creating a state-of-the-art Air Traffic Control systems, while at the same time rebuilding our roads and bridges, making them efficient, and beautiful, again. He will be a fantastic leader of the ever more important Space Agency, even if only for a short period of time. Congratulations, and thank you, Sean!’

Duffy replaced Janet Petro, who has served as acting NASA administrator since Trump’s inauguration. The president had previously nominated an Elon Musk ally named Jared Isaacman to lead NASA, but pulled his nomination in June as Trump’s and Musk’s relationship hit the rocks over the ‘One Big Beautiful Bill.’

‘Honored to accept this mission. Time to take over space. Let’s launch,’ Duffy posted to X of the new role. 

Marco Rubio 

Rubio and the Trump administration came under fire from Democrats for the secretary of state holding multiple high-profile roles in the second administration, including Democrats sounding off on the national security council shake-up on Sunday news shows. 

‘There’s no way he can do that and do it well, especially since there’s such incompetence over at DOD with Pete Hegseth being secretary of defense and just the hollowing out of the top leadership,’ Illinois Democrat Sen. Tammy Duckworth said on CBS’s ‘Face the Nation.’ ‘There’s no way he can carry all that entire load on his own.’

‘I don’t know how anybody could do these two big jobs,’ Democrat Virginia Sen. Mark Warner said Sunday on CNN’s ‘State of the Union.’

Rubio’s roles in the administration include leading the State Department; serving as acting archivist of the United States after Trump ousted a Biden-era appointee; serving as acting administrator of the U.S. Agency for International Development as the admin works to dissolve the independent agency by September; and taking the helm as the interim national security advisor. Rubio’s role overseeing USAID concluded at the start of July when the State Department officially absorbed the agency. 

When asked about the trend of Trump officials wearing multiple work hats back in May, the White House reflected in comment to Fox News Digital on former President Joe Biden’s ‘disaster of a Cabinet.’ 

‘Democrats cheered on Joe Biden’s disaster of a Cabinet as it launched the botched Afghanistan withdrawal, opened the southern border to migrant criminals, weaponized the justice system against political opponents, and more,’ White House spokesperson Anna Kelly told Fox News Digital in May. ‘President Trump has filled his administration with many qualified, talented individuals he trusts to manage many responsibilities.’ 

The Trump administration has repeatedly brushed off concern over Rubio holding multiple roles, most notably juggling both his State Department leadership and serving as acting national security advisor. Similarly, former President Richard Nixon in 1973 named then-National Security Advisor Henry Kissinger to simultaneously serve as secretary of state. 

‘You need a team player who is very honest with the president and the senior team, not someone trying to build an empire or wield a knife or drive their own agenda. He is singularly focused on delivering the president’s agenda,’ an administration official told Politico. 

Despite Democratic rhetoric that Rubio was taking on too many roles, the former Florida senator helped oversee the U.S.’ successful strikes on Iran in June, which destroyed a trio of nuclear facilities and decimated the country’s efforts to advance its nuclear program. 

Kash Patel

FBI Director Kash Patel, who railed against the ‘deep state’ and vowed to strip corruption from the federal law enforcement agency ahead of his confirmation, was briefly charged with overseeing the of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) in February after the Biden-era director resigned in January. 

Patel was later replaced by Secretary of the Army Daniel Driscoll as acting ATF director in a job change that was publicly reported in April. 

‘Director Kash Patel was briefly designated ATF director while awaiting Senate confirmations, a standard, short-term move. Dozens of similar re-designations have occurred across the federal government,’ the White House told Reuters in April. ‘Director Patel is now excelling in his role at the FBI and delivering outstanding results.’

Daniel Driscoll 

Driscoll was sworn in as the 26th secretary of the Army in February. The secretary of the army is a senior-level civilian official charged with overseeing the management of the Army and also acts as an advisor to the secretary of defense in matters related to the Army. 

It was reported in April that Driscoll was named acting ATF director, replacing Patel in that role. 

‘Mr. Driscoll is responsible for the oversight of the agency’s mission to protect communities from violent criminals, criminal organizations, and the illegal trafficking of firearms, explosives, and contraband. Under his leadership, the ATF works to enforce federal laws, ensure public safety, and provide critical support in the investigation of firearms-related crimes and domestic and international criminal enterprises,’ his ATF biography reads. 

Ahead of Trump taking office, Republican Reps. Eric Burlison of Missouri and Lauren Boebert of Colorado introduced legislation to abolish the ATF, saying the agency has worked to strip Second Amendment rights from U.S. citizens. 

The ATF has been tasked with assisting the Department of Homeland Security in its deportation efforts under the Trump administration. 

Doug Collins 

Former Georgia Republican Rep. Doug Collins was sworn-in as the Trump administration’s secretary of Veterans Affairs in February, a Cabinet-level position tasked with overseeing the department and its mission of providing health, education and financial benefits to military veterans. 

Days after his confirmation as VA secretary, Trump tapped Collins to temporarily lead two oversight agencies: the Office of Government Ethics and the Office of Special Counsel. 

The Office of Government Ethics is charged with overseeing the executive branch’s ethics program, including setting ethics standards for the government and monitoring ethics compliance across federal agencies and departments. 

The Office of Special Counsel is charged with overseeing and protecting the federal government’s merit system, most notably ensuring federal whistleblowers don’t face retaliation for sounding the alarm on an issue they’ve experienced. The office also has an established secure channel to allow federal employees to blow the whistle on alleged wrongdoing. 

The Office of Special Counsel also enforces the Hatch Act, which bans executive branch staffers, except the president and vice president, from engaging in certain forms of political activity

Jamieson Greer 

Trump’s trade representative, Jamieson Greer, has also been tapped for multiple roles within the administration, in addition to help leading the administration’s tariff negotiations to bring parity to the U.S.’ chronic trade deficit with other nations. 

Greer took on Collins’ roles as acting director of the Office of Government Ethics and as acting special counsel of the Office of Special Counsel on April 1. 

Trump nominated conservative attorney Paul Ingrassia to lead the Office of Special Counsel in May. 

Russell Vought 

Trump named his former director of the Office of Management and Budget under his first administration, Russell Vought, to the same role in his second administration. Vought was confirmed as the federal government’s budget chief in February. 

Days later, Vought was also named the acting director of the Consumer Financial Protection Bureau (CFPB).  

The CFPB is an independent government agency charged with protecting consumers from unfair financial practices in the private sector. It was created in 2010 under the Obama administration after the financial crash in 2008. Democrat Massachusetts Sen. Elizabeth Warren originally proposed and advocated for the creation of the agency.

The CFPB came under fierce investigation from the Department of Government Efficiency in February, with mass terminations rocking the agency before the reduction in force initiative was tied up in court. 

Ric Grenell 

President Donald Trump’s former ambassador to Germany and acting director of national intelligence under his first term, a pair of roles held at separate times in the first administration, currently serves as president of the Kennedy Center and special presidential envoy for special missions of the United States. 

The John F. Kennedy Center for the Performing Arts serves as the national cultural center of the U.S. Trump notably serves as the center’s chair of the board, with Grenell saying the center will see a ‘golden age’ of the arts during Trump’s second administration through productions and concerts that Americans actually want to see after years of the performing arts center running in the red. 

Trump named Grenell as his special presidential envoy for special missions to the United States in December before his inauguration, saying Grenell will ‘work in some of the hottest spots around the world, including Venezuela and North Korea.’

In this role, Grenell helped lead the administration through its response to the wildfires that tore through Southern California in the last days of the Biden administration through the beginning days of the Trump administration. 

Fox News Digital’s Jasmine Baehr contributed to this report. 

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