Hey there, Nil!
Markets are whipping up a modest rally to end the week as investors sample Alphabet's delicious earnings results while still digesting ongoing US-China trade tensions. With stocks poised for their fourth straight day of gains, let's dive into today's market buffet! Plus, try your luck and win a $50 Amazon Gift Card! 🎁
- Dan
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- China vows in a Politburo meeting to support firms and workers affected by tariffs.
- South Korea's former president Moon says bribery indictment is "political"
- Trump poised to offer Saudi Arabia over $100 billion arms package, sources say
- Israeli fire kills at least 44 people in Gaza, hits a police station
- Kyiv Mayor Klitschko says Ukraine may have to temporarily cede land for peace
- Crowds file into St. Peter's on the last day to pay respects to Pope Francis
- Trump tells Putin to "STOP" after Russian attack kills 12 in Kyiv
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Chef's Pick: GitLab (GTLB) |
Stock of Interest This Week |
(NASDAQ: TSLA) Tesla stock surged 10% after dropping -7.61% from the call day, following its Q1 earnings report, defying a revenue miss and weak auto performance. Investors appear more focused on Elon Musk's emphasis on scaling Tesla's energy, robotics, and robotaxi ambitions, with the $10 billion Energy segment proving the company can grow beyond EVs. Some analysts argue that even conservative models now support Tesla's current valuation or higher. However, beneath the rally lies a more sobering view: intensifying Chinese EV competition and softening U.S. demand continue to pressure fundamentals. While Musk's shift away from distractions like DOGE is welcomed, it doesn't resolve core business headwinds. ( Price at call: $241, Week low: $223.15, Current price: $259.52, Analyst expectation: $180) |
Stock of Interest Yesterday |
(NASDAQ: TMDX) TransMedics shares are down over 50% from 2024 highs after missing Q3 estimates, but growth prospects remain strong. The FDA-approved Organ Care System drove 83% revenue growth and first-time profitability this year. Despite a small U.S. market and limited global reach, TransMedics holds a 20% share and trades at more reasonable valuations. (Price at call: $92.25, Current price: $94.47, Analyst expectation: $120) |
(NASDAQ: GTLB) GitLab has dropped over 50% from its 2024 highs, but its core business remains strong. The Ultimate tier now accounts for 50% of ARR, driven by big enterprise deals, while its Dedicated SaaS offering is growing at 90% YoY by serving regulated industries. New CRO-led strategies are improving sales efficiency, and a fresh AWS partnership enhances enterprise credibility. Despite guiding 24% revenue growth for FY26, GitLab's momentum could rebound toward 30% as conditions improve. (Current price: $45.70, Analyst expectation long term: $90) |
Alphabet AI Investment Appetite: Google parent's strong earnings and maintained $75B capital expenditure guidance for 2025 provide "further tailwind" for AI stocks and the broader tech sector. Focus on companies benefiting from continued big tech infrastructure spending despite macroeconomic uncertainties. China Tariff Exemption Watch: Beijing reportedly considering exemptions for select US imports from 125% retaliatory tariffs, particularly for semiconductor-related items. Commerce Ministry task force collecting lists of potential exemptions, with the American Chamber of Commerce in China president noting some members have imported goods without new tariffs being applied. European Market Three-Day Special: Pan-European Stoxx 600 rose 0.30%, heading for a three-day winning streak despite analysts downgrading European earnings estimates to "recessionary" levels. Citi equity strategists suggest this could be a contrarian "buy" signal for select European equities. Self-Driving Regulatory Relief Rally: Transportation Secretary's new framework for autonomous vehicles aims to "slash red tape" and move toward a "single national standard." Position in companies developing self-driving technology that could benefit from streamlined regulations and faster commercialization timelines. Gold Price Consolidation Dip: After a volatile week that saw record highs, gold retreated as trade tensions showed signs of easing. Consider strategic entry points if bullion continues pulling back, given ongoing macroeconomic uncertainties and central bank buying support. |
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Whistleblower: Meta sells US data to China
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- Revised UoM Consumer Sentiment: 50.6 (Previous: 50.8)
- Revised UoM Inflation Expectations: 6.7%
- IMF Meetings
Major earnings expected today: |
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US-India Trade Deal Covers 19 Categories: Potential agreement includes greater market access for farm goods, e-commerce, data storage, and critical minerals. Terms of reference were finalized by both sides this week, covering both goods and services, according to Bloomberg. Samsung Investing $117M in Southern India: South Korean electronics giant committing 10 billion rupees to facility near Chennai that recently faced worker protests following employee suspensions. The plant was the site ofthe second major labor dispute in under six months. Japan's Advantest Forecasts 6% Profit Growth: Chip testing equipment maker projects operating profit increase for next fiscal year, driven by demand for AI chip testing tools. The company noted it "does not recognize more than a minor direct impact" from tariffs despite increasing business uncertainty. Apple Shifting All US iPhone Assembly to India: Tech giant plans to move production of all US-sold iPhones to India as soon as 2026, according to the Financial Times. The company is expediting transition amid rising US-China tensions despite current smartphone tariff exemptions that the Commerce Secretary indicated are only temporary. China Preparing Emergency Plans Amid Trade War: The Politburo, led by President Xi, pledged to "fully prepare" for increasing external shocks while maintaining a calm approach to growth defense. Leadership promised new monetary tools and policy financing instruments to boost technology, consumption, and trade. China Quietly Rolls Back Tariffs on Some US Semiconductors: Beijing appears to have exempted some US-made microchips from 125% retaliatory tariffs, according to Shenzhen import agencies. Exemptions applying to integrated circuits were communicated on Thursday without an official announcement. AmCham China Reports Pharma Tariff Exemptions: The American Chamber of Commerce president stated pharmaceutical companies have reported importing drugs to China over the past week without tariffs. "Anecdotally, companies are reporting they can bring in some items without tariffs," he noted. Gold Tumbles in Volatile Week: Precious metal shed as much as 1.9% as trade tensions showed signs of easing. Price retreat follows record highs earlier in the week, influenced by China considering tariff suspensions on some US imports and US-South Korea trade progress. China Mulling US Import Exemptions: Ministry of Commerce task force collecting lists of items that could be exempted from 125% tariffs, particularly semiconductor-related items. American Chamber of Commerce in China president noted that the government is asking companies which US imports "would shut down your supply chain" if unavailable. European Indices Set for Third Straight Gain: Pan-European Stoxx 600 rose 0.30% Friday, heading for a three-day winning streak. Citi strategists note that downgraded European earnings estimates could represent a contrarian "buy" signal. |
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The Science City You Didn't Know You Needed to Visit |
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Alphabet (GOOGL ⬆️ 5.6%): Google parent serving up a delightful Q1 earnings beat with revenue rising across all business segments. The company recorded a record $17.2B in capital expenditures as AI investments continue. CEO Pichai noted they're still figuring out the business model for Waymo robotaxi service as demand increases. Intel (INTC ⬇️ 5.6%): Chip giant sliding despite beating Q1 expectations as Q2 guidance disappointed with revenue forecast of $11.2-12.4B (below $12.82B consensus). CFO blamed customer uncertainty over tariffs and announced cost-cutting measures, including lower capex goals and operating expense reductions. The new CEO confirmed that layoffs would start this quarter. Tesla (TSLA ⬆️ 1.7%): EV maker gaining after Transportation Secretary unveiled new framework for self-driving cars, aiming to "slash red tape and move us closer to a single national standard." Development bodes well for Tesla's plans to launch self-driving cab service in Texas in June and begin Cybercab robotaxi production next year. T-Mobile (TMUS ⬇️ 5.3%): Wireless carrier slumping despite beating expectations as its main wireless business grew slower than analysts hoped. The company added 1.34 million postpaid customers in Q1, versus 1.18 million expected. CFO noted the telecom industry has maintained growth despite economic challenges. Palantir (PLTR ⬆️ 1.3%): Data analytics firm extending three-day winning streak after previously gaining 6.9%. Piper Sandler analysts noted stock appears to be moving back toward February highs around $125 and breaking out of a falling wedge formation, considered a bullish pattern indicating potential price reversal. Gilead Sciences (GILD ⬇️ 3.9%): Biotech company declining despite Q1 adjusted EPS of $1.81 topping expectations of $1.78. Revenue slightly missed forecasts. The CEO indicated the company wouldn't be badly hurt by potential pharma tariffs, noting "the vast majority of our intellectual property is in the United States." BigBear.ai (BBAI ⬆️ 9%): AI company soaring after announcing deployment of its AI/ML-driven planning platform, Shipyard AI, for Austal USA. Partnership aims to optimize shipbuilding capacity and resource management at Alabama headquarters, boosting investor confidence in growth prospects. Skechers (SKX ⬇️ 7%): Footwear maker stepping down after posting mixed Q1 results and withdrawing 2025 guidance due to US trade policy uncertainty. Despite 7% revenue growth, margins were pressured with gross margin narrowing 50 basis points. The company relies heavily on Southeast Asian manufacturing but expressed confidence in its global brand positioning. |
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ETF Gainers: - AdvisorShares MSOS Daily Leveraged ETF (⬆️ 35.00%)
- Piedmont Lithium Inc. CDI (⬆️ 19.31%)
- AdvisorShares Pure US Cannabis ETF (⬆️ 17.92%)
- Defiance Daily Target 2X Long SMCI ETF (⬆️ 17.68%)
- GraniteShares 2x Long SMCI Daily ETF (⬆️ 17.42%)
ETF Losers: - Defiance Daily Target 2X Short SMCI ETF (⬇️ 17.97%)
- Direxion Daily Semiconductor Bear 3X Shares (⬇️ 17.40%)
- MicroSectors FANG+ Index -3X Inverse Leveraged ETN (⬇️ 15.36%)
- Direxion Daily S&P 500 High Beta Bear 3X Shares (⬇️ 13.94%)
- MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (⬇️ 12.56%)
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For more information and to verify the accuracy of the claims made in this email, please consult the following reliable sources: - South Korea's former President Moon says bribery indictment is political (Reuters)
- China vows at Politburo meeting to support firms, workers affected by tariffs (Reuters)
- Trump poised to offer Saudi Arabia over $100B arms package – sources (Reuters)
- Israeli fire kills at least 26 people in Gaza, hits police station (Reuters)
- Kyiv mayor Klitschko says Ukraine may have to temporarily cede land for peace (Reuters)
- Faithful flock to St. Peter's on last day to pay respects to pope (Reuters)
- Air defence units in action around Kyiv, officials say (Reuters)
- Beijing signals no plan to engage with U.S. on trade war (Barron's)
- Alphabet earnings leave investors uncertain about impact of trade tensions (Barron's)
- Apple to shift assembly of all U.S. iPhones to India by 2026 – report (Seeking Alpha)
- European indices set for third straight gain; Safran, Saab on the move (Seeking Alpha)
- China mulls exempting select U.S. goods from 25% tariffs – report (Seeking Alpha)
- Biggest stock movers Friday: GOOG, INTC, and more (Seeking Alpha)
- Dow jumps, Nasdaq surges as Wall Street rallies on easing trade tensions (Yahoo Finance)
- U.S. seeks India trade deal (Yahoo Finance)
- Samsung to invest $117 million in southern India (Yahoo Finance)
- Japan's Advantest expects 6% annual growth (Yahoo Finance)
- China vows to be ready with emergency plans (Yahoo Finance)
- China quietly rolls back retaliatory tariffs (Yahoo Finance)
- AmCham China president says pharma outlook improving (Yahoo Finance)
- Gold sinks as trade signals volatile markets (Yahoo Finance)
- Stock Market Movers (Barron's)
- GitLab: Growth to accelerate when macro pressure eases (Seeking Alpha)
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