10 Hot Stocks to Watch — Friday, July 10, 2026

Marathon Digital Holdings vaulted nearly 10% Thursday after agreeing to acquire powered land in Texas's Matagorda County for $600 million, more than doubling its power capacity to 4.8 GW. The deal signals the Bitcoin miner's pivot toward AI infrastructure—a move that's helped it outpace crypto rivals like Riot and CleanSpark. Options markets show mixed conviction: call volume at $14.00 (2.3x put volume at $13.00), but Friday's expiry and elevated put interest around $13.50 suggest traders are hedging into the weekend. Watch the $14.27 intraday high as resistance.

Arm Holdings jumped 9.2% to $327.87 as licensing revenue accelerated 29% year-over-year, driven by AI infrastructure and custom silicon demand. The options market is flashing conviction: a 5.84 call-to-put ratio and heavy positioning in $400 calls expiring July 17 signal traders expect a push through near-term resistance. With the stock up 224% in the first half of 2026 and royalties climbing 11%, momentum remains intact—though the 3.77 beta warrants caution on sector rotation risk.

Rivian jumped 8.76% to $18.12 on the back of Stifel's bullish R2 forecast and a freshly raised production guidance to 70,000 vehicles, signaling confidence in the company's next-generation lineup. The options market is screaming bullish, with a 2.94 call-to-put ratio and heavy concentration in July 2026 $18 calls (15,400+ contracts) at nearly 6x normal open interest. Watch the $18–$18.50 zone as a near-term resistance level; a clean break could target $22.69 (52-week high). The $1.32B equity raise and insider buying discipline suggest management conviction.

Lam Research jumped 6.01% to $353.17 today, extending gains as Meta's in-house chip strategy signals sustained demand for wafer-fabrication equipment. Morgan Stanley raised its price target to $404, citing the AI chipmaking boom. Options traders are aggressively buying calls, with 3,600+ contracts flowing into $387.5–$397.5 strikes expiring mid-July—levels implying 10% upside. Watch $380 as near-term resistance; a breach unlocks the Morgan Stanley target.

Advanced Micro Devices jumped 5.7% to $546.72 as Morgan Stanley's supply chain report flagged surging demand for next-generation chips, prompting Goldman Sachs to hike its price target to $640 from $450. The options market is echoing conviction: call volume is running 1.5x puts, with heavy concentration in the $550–$600 strike range through July 10 expiry. Watch the $560 level as a near-term resistance inflection point.

Meta climbed 4.7% to $631.48 on heavy call buying, with a call-to-put ratio of 9.11 reflecting investor conviction in the AI thesis. The catalyst: a Reuters memo confirming Meta will produce its own AI chips in September, reducing reliance on Nvidia and signaling accelerating in-house capability. Options traders are heavily long, with $630 and $620 calls expiring July 2026 showing exceptional volume, suggesting confidence the stock can sustain current levels and push higher. Watch $650 as the next technical target.

Moderna surged 3.74% to $76.56 following a European Commission contract for up to 24 million doses of its RSV vaccine, addressing a market with 156,000 annual hospitalizations. Yet momentum faces headwinds: the stock has retreated 9% over two sessions after a June surge, and analysts warn valuations remain rich despite the 148% year-to-date gain. Call options cluster around $77–$80 strikes through mid-July, with 815 contracts on the $80 call suggesting traders are betting on resistance near that level rather than conviction for breakout moves.

Chipotle surged 3.5% to $34.60 on news of six new Cultivate Next portfolio companies and a gaming partnership with PGA Tour 2K25, signaling management confidence ahead of Q2 earnings on July 29. Analysts see potential 22% upside if margin pressures ease, though consensus warns the stock's 17% monthly gain may not sustain absent growth acceleration. Options flow remains mixed—call-to-put ratio 1.24 with heavy volume in $34 strikes expiring July 10, suggesting traders are hedging into earnings rather than chasing momentum.

Tesla surged 3.2% to $406.55 today, buoyed by Miami Robotaxi launch and better-than-expected Q2 deliveries of 480,126 units. However, Citizens analyst Andrew Boone tempered enthusiasm with a Hold rating, citing production delays and spending pressures from the Optimus humanoid robot cycle through 2027–2028. Options markets are decidedly bullish: call-to-put ratio stands at 2.48, with 490,000 contracts clustered around the $400–$410 strike through July 10 expiration. Watch the $410 level—significant OTM call positioning suggests traders see upside potential but acknowledge near-term caution.

Devon Energy fell 2.98% to $42.02 today, extending Q2 weakness despite completing a Coterra debt exchange that analysts say could unlock 31% upside. The options market is singing a different tune: call volume surged 3,494x on the $42 strike expiring July 17, with a 2.83 call-to-put ratio signaling aggressive bullish positioning. Morgan Stanley maintains an Overweight rating at $63, suggesting the market is pricing in near-term oil weakness rather than the company's improved capital structure.