Market Beat | Episode #3

In episode 3 of Market Beat by Argus Research, host Caroline Wygal leads with the big inflation news: May's headline CPI came in at 4.2%, up from 3.8%, moving further from the Fed's 2% target. On the movers side, Cracker Barrel surges on strong earnings, lifting restaurant peers including CAVA, Cheesecake Factory, and Chipotle, while Chewy slides despite a modest earnings beat. Oracle reports after the bell. The SpaceX IPO is still on track for Friday, and OpenAI has now filed its own IPO paperwork. Quick takes cover Apple's continued innovation with Siri AI, a price target raise on Sun Life Financial, and another target raise on Devon Energy as the energy sector is up 27% year-to-date. The Deeper Dive is a full breakdown of SpaceX ahead of its Friday debut, covering its three business lines (Space, Starlink connectivity, and AI), its competitive advantages, valuation at roughly 90 times sales, and how it stacks up against other landmark IPOs like Microsoft, Amazon, and Meta. For full research and information about subscriptions, please visit www. argusresearch.com.