The Club's top 10 things to watch in the stock market Friday

The Club's 10 things to watch Friday, June 26 — Today's newsletter was written by Jeff Marks, the Club's director of portfolio analysis. 1. Stock futures are lower this morning, led by declines in semiconductor names. If the S & P 500 and Nasdaq end the session in the red, both indexes will have fallen every day this week. 2. SpaceX is considering launching a Starlink mobile service for U.S. consumers and may build its own U.S. mobile network, according to the Financial Times . Starlink is one of our favorite parts of Elon Musk's space and AI company, accounting for the bulk of its revenue growth and every penny of its earnings before interest, taxes, depreciation and amortization. 3. OpenAI is considering delaying its initial public offering until 2027, according to a New York Times report . Some cited reasons were the pop and drop in SpaceX after its IPO and some general choppy trading in AI stocks. The ChatGPT creator has already submitted a confidential IPO filing to U.S. regulators. 4. On Semiconductor has agreed to buy Synaptics in an all-stock deal valued at an enterprise value of $7 billion. The company says the combination will accelerate its evolution toward global leadership in intelligent systems for physical AI. On Semi is a big player in the automotive chip space. 5. Club name FedEx Freight delivered a solid earnings report in its final quarter as part of FedEx Corporation. As we told Club members last night , now it's time to drive its margin initiatives. …