Reddit Added to S&P 500; Applied Materials, Gemini, Drone Stocks Move

Bullish Gator

Reddit rises on S&P 500 inclusion; Applied Materials falls despite strong forecast; Gemini drops on crypto headwinds and wider EBITDA loss; drone makers rally after proposed 100% tariff on UAS imports.

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What stands out

Bloomberg's Stock Movers served a neat reminder about expectations: Applied Materials fell even after an earnings forecast topped estimates, while Reddit jumped on news it will join the Standard & Poor's 500 (S&P 500). When a name that has more than doubled this year hands in a beat and still slides, it exposes the market's hunger for forward visibility, not one-off beats; for semiconductor equipment suppliers like Applied Materials, the real thesis lives in the timing and strength of chipmakers' capital spending cycles.