Picks for 2026-07-07

1. MPMP Materials Corp.

   MP Materials stock is down today, trading around $50.16, as renewed pressure from China's export controls on rare earth materials weighs on investor sentiment. This geopolitical tension is overshadowing the company's strong first-quarter revenue growth of 49% and record production volumes, as well as its strategic partnerships with the Department of Defense and Apple. The stock is trading below its 50-day and 200-day moving averages, confirming the bearish short-term outlook.

   5-day return +0.59% · +0.04% vs SPY · beat SPY

2. ETEnergy Transfer LP

   Energy Transfer (ET) is making headlines today after announcing a $1.75 billion dual-tranche public offering of junior subordinated notes. The company plans to use these proceeds to redeem Series H Preferred Units and refinance existing debt, a strategic move to improve its capital structure and reduce interest expenses. This follows closely on the heels of a major expansion of its Nederland NGL Export Terminal, backed by long-term contracts, which was announced yesterday.

   5-day return +1.31% · +0.76% vs SPY · beat SPY

3. CHRDChord Energy Corporation

   Chord Energy (CHRD) is seeing downward pressure today after Truist Securities maintained a "Buy" rating but lowered its price target from $185 to $170 on July 7, 2026, reflecting a more cautious outlook despite believing in the stock's growth potential. This analyst action comes as the stock is already showing weak near and mid-term sentiment, with its price significantly below its 20-day simple moving average and experiencing a "Death Cross" where the shorter-term moving average has fallen below the longer-term one.

   5-day return +4.41% · +3.86% vs SPY · beat SPY

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