The Last Trading Day of a Bullish First Half, China's Didi Leads the IPO Parade, Apple vs. Employees on Work-From-Home, Revising a "Momentus" SPAC deal, and Biden vs. Big Business?

Carl Quintanilla, Jim Cramer and David Faber explored the road ahead for stocks on the final trading day of the month, quarter and first half of the year -- the S&P 500 on track for its best 1H since 2019. Cramer explains why he prefers semiconductor stocks such as Nvidia and AMD over the FAANG names. The anchors also took a deep dive into the energy stocks that are soaring so far this year. A busy day for IPOs also in focus: Wall Street debuts led by Didi -- the Chinese ride-hailing giant and rival to Uber and Lyft -- which priced its offering at $14 per share, raising $4.4-billion. Identity verification platform CLEAR Secure, cybersecurity firm SentinelOne and LegalZoom also making their public debuts. Also in focus: A report which says Apple won't back down from its hybrid work model despite employees asking to be fully remote. The Biden Administration said to be considering an executive order aimed at reining in the power of big business, ESG and the Exxon Mobil proxy fight, A strong morning for retailers such as Walmart and Bed Bath and Beyond, and in-space transportation company Momentus has its valuation slashed in a revised SPAC deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.