One hypothesis being chatted about on Wall Street as to why Square's (SQ) - Get Square, Inc. Class A Report stock has spiked 14% inside a month: Amazon (AMZN) - Get Amazon.com, Inc. Report could be lurking.
There are two reasons why Square is moving up, points out TheStreet's founder and manager of the Action Alerts PLUS portfolio Jim Cramer. "One is that people are theorizing that Amazon is going to buy Square and the other is that Jack Dorsey is going to leave and hand it over to CFO Sarah Friar, who is brilliant," Cramer explained.
Alibaba, day two notes: After a monster run in its stock on the heels of a bullish investor day, Alibaba (BABA) - Get Alibaba Group Holding Ltd. Report founder Jack Ma saw his net wealth rise $8.5 billion to $41.8 billion. He is Asia's richest man, according to the Bloomberg Billionaires Index.
Why not stay long this tech stock, momentum lives on: Chip-maker Nvidia (NVDA) - Get NVIDIA Corporation Report is the best-performing S&P 500 component this quarter. The stock is up a robust 54% in June as Wall Street has become even more bullish on the company's prospects.
ROBOTS: There really isn't any additional information needed on this one. Softbank Corp. (SFTBY) has struck a deal to pick up Alphabet's (GOOGL) - Get Alphabet Inc. Class A Reportrobot-maker Boston Dynamics. TheStreetshows you inside of five seconds what Boston Dynamics does -- it's really cool stuff.
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