Investment Week at a Glance
Stocks finished mixed for the week. The Dow Jones Industrial Average was up 0.4%, the S&P 500 was down 0.1%, and the NASDAQ fell 0.7%. Foreign stocks (MSCI EAFE) were up for the week, rising 1.7%. Bond prices were up for the week, with the 10-year U.S. Treasury ending the week at 4.48%. (Data source: Wall Street Journal)
USA & Iran Reach Peace Deal
On Sunday, President Trump announced that a deal with Iran had been reached to cease military operations. The deal also included reopening the Strait of Hormuz, sending oil prices lower Sunday night. Although a peace deal with Iran is never a sure thing, it does indicate the two sides are moving in the right direction. Markets have seemed to move past the Iran war, but there was a slight rise in pre-market trading on Sunday, with the overall market rising over 1%. If this peace deal is able to hold up, expect oil prices to continue to fall, which could lead to a lower inflation number in the coming months. This could reopen the door for the Fed to look at cutting rates by year’s end.
IPO Activity Picks Up
With markets at near all-time highs, some big-name companies are looking to go public. On Friday, SpaceX went public, and the stock rose nearly 20% to close out the day. The company now has a valuation of $2.1 trillion, making it the biggest IPO in the history of the market. OpenAI & Anthropic will also likely become public companies this summer, both with a nearly $1 trillion valuation themselves. These IPO’s will gauge the risk appetite in the market as they are going public at valuations that are relatively high, for example, SpaceX is trading at 100x its 12-month revenue. If we see weak demand, it may indicate that investors are not willing to take as much risk.
FedEx Stock Up Over 45% in 2026 So Far and 87% in the Past Year
FedEx (FDX), one of the largest delivery companies in the US, has had an incredible run, with its stock price rising nearly 90% since this time last year. The main driver behind the stock’s performance is FedEx’s ability to beat earnings expectations by wide margins consistently. On March 19th, FedEx reported earnings per share of $5.25 while analysts estimated only $4.12 (FedEx Investor Relations). In 2025, FedEx benefited tremendously, along with its competitors, from a 10% increase in domestic package volume and an 8% increase in international packaged exports. The company is set to release its fiscal year results on June 23rd, but analysts have revised their earnings estimates upward, so investors should not expect another massive earnings shock this time around (CNBC).
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Quiz
What has the Russell 2000 Index returned so far in 2026? (Scroll Down for Answer)
- 16.4%
- 18.6%
- 22.55%
- 7.22%
Answer:
2. 18.6%. So far in 2026, the Russell 2000 Index has returned over 18.6%. The Russell is the benchmark for small-cap US equities, and it has been fueled significantly by the AI trade thus far. Strong small-cap performance has helped boost performance in the MGO portfolios this year and helps investors diversify their holdings.
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