Markets & Futures

• Futures: All down slightly.

  • S&P 500 down ~0.3%.

  • SPY hit a pre-market low ~0.8% drop but rebounded.

• Trigger: Trump’s Truth Social post criticizing China for violating a trade agreement. He hinted at ending the "Mr. Nice Guy" approach, adding to trade tension fears.

• FXI (iShares China Large-Cap ETF) fell 1.3% in reaction.

---

Economic Data

• Inflation (PCE - April):

  • +0.1% MoM, +2.1% YoY — lowest in 4 years, aligned with Fed’s 2% goal.

  • Core PCE: +2.5% YoY.

• Personal Income: +0.8% (above 0.3% estimate).

• Spending: +0.2% (met views).

• Suggests increased savings behavior.

• Consumer Sentiment (U. of Michigan): Last read was 50.8, new estimate: 52 (awaiting updated numbers).

---

💵 Bonds & Commodities

• 10-Year Treasury: Flat at 4.41%.

• 30-Year Treasury: 4.92%, showing a steep curve.

• Crude Oil: Sideways, at $60.91/barrel, down 15% YTD.

---

Earnings Highlights

• Zscaler (ZS):

  • Beat on EPS ($0.84), revenue up 23%, billings +25%.

  • Strong AI product adoption, R&D spending +36%.

  • Stock spiked AH to $270, settled at ~$262.

  • New CFO announced.

• Dell:

  • Mixed report: EPS missed by 14 cents, but raised FY26 guidance.

  • Revenue beat, but stock fell 2% AH.

• Marvell (MRVL): Small beat, stock down 3% AH.

• Costco (COST):

  • EPS beat by 4 cents, but same-store sales missed.

  • Stock down 1% pre-market.

• Gap (GPS):

  • Sales up 2%, Old Navy up 3%.

  • Warned of possible $250–300M tariff impact from China if rates stay.

  • Has plan to mitigate half the loss.

May 28 2025

 

Market Overview

• Indexes:

  • Nasdaq (QQQ) up 1.5%, near all-time highs.

  • S&P 500 (SPY) also strong.

  • Dow Jones faded to +0.3%, below its 200-day line.

  • Russell 2000 (IWM) up 0.7%, still well below 200-day line.

• 10-Year Treasury Yield: Fell from 4.53% to 4.46%.

---

Macro News

• Federal court ruled many Trump-era tariffs exceeded presidential authority; some key tariffs repealed (e.g. fentanyl, Liberation Day).

• Jobless claims rose to 240K (vs. 230K expected).

• Q1 GDP revised to -0.2% (from -0.3%).

• Consumer spending revised down to +1.2%.

• Core PCE inflation: 3.4% annual rate (vs. 2.6% Q4).

---

Upcoming Data

• Pending home sales (April) to be released at 10am ET.

• April Core PCE inflation due later this week.

---

Key Earnings and Company Highlights

• NVIDIA: +69% revenue, Q2 guide slightly lower due to $8B in China chip sales blocked. AI outlook bullish.

• CRM (Salesforce): Beat on earnings, guided up, stock down.

• Pure Storage: +12% revenue, in-line FY guide, stock dropped.

• Nutanix: +22% revenue, reclaiming buy point.

• Tesla: Robotaxi launch confirmed for June 12.

• Xpeng: Strong orders for $18K Mona M03 Max sedan with advanced driver assist.

• Futu: +81% revenue, solid user and asset growth.

• Best Buy: Slight beat, lowered guidance on tariff uncertainty.

• Elf: Initially fell 10% on weak guidance, reversed and soared on tariff relief; acquiring Hailey Bieber’s brand.

• Burlington: EPS beat, flat comps, low FY guide.

• Li Auto, Noah, HLNE, Synopsys, HPQ, Agilent, SentinelOne, C3.ai – mixed results.

---

Other News

• United & JetBlue forming a loyalty/flight alliance.

• Multiple secondary offerings (ASM, Berkshire, TATT).

• Post-market earnings to watch: Zscaler, Costco, Dell, NetApp, Marvell, TIGR.

May 23 2025

 Market Summary:

• Futures Down Sharply:
  Market futures show a weak open following a social media post by former President Trump threatening a 25% tariff on all foreign-made iPhones and 50% tariffs on EU goods. This has led to:

  • Russell 2000: ↓ 1.2%

  • NASDAQ (Q's): ↓ 1.7%

  • S&P 500 (SPY): ↓ 1.4%

  • Dow Jones Futures: ↓ 1.3%

• Key Movers:

  • Apple, Amazon, Nike: Down ~3%

  • Palantir: Holding better, down <2%

  • AEM (Gold stock): Gaining on stronger gold prices (↑1.7% to $2,335/oz)

  • Oil: ↓ 1%, just under $60.50/barrel

  • Bitcoin: Down with market, trading around $108,250

  • 10-Year Yield: ↓ 8 bps to 4.47%

• Uranium Stocks Rally:
  Trump may sign executive orders to boost the nuclear/uranium sector.

  • URNM ETF: ↑ 5%

  • Cameco (CCJ): Breaking out, watch $53.48 level

  • Constellation Energy (CEG): Testing $300 breakout

• Earnings Highlights:

  • Positive:

    • Intuit (INTU): Strong beat and raised guidance; target hiked to $850 by Stifel

    • Stepstone Group (STEP): Earnings more than doubled YoY; watch for breakout above $60

  • Negative:

    • Ross Stores (ROST): ↓ >10% on weak earnings and China tariff exposure

    • Workday (WDAY): Earnings beat but stock pressured; revenue just above expectations

    • Copart (CPRT): Missed badly; dropped below buy point

    • Deckers (DECK): ↓ 20% despite solid quarter; growth concerns in Hoka brand

• Upcoming:
  NVIDIA earnings next week – under pressure now but remains a key watch.

May 20 2025

 

The U.S. stock market experienced a significant downturn today, Wednesday, May 21, 2025, driven by a combination of rising Treasury yields, concerns over the U.S. government's fiscal outlook, and disappointing corporate earnings

Key Factors Contributing to the Market Decline:

1. Rising Treasury Yields: A weak auction of 20-year Treasury bonds required a yield of 5.047% to attract buyers for $16 billion, indicating increased borrowing costs for the government. This development pushed the 10-year Treasury yield to 4.59%, raising concerns about higher interest rates for consumers and businesses, which can dampen economic growth and reduce the attractiveness of equities.

2. Fiscal Policy Uncertainty: Investors are apprehensive about President Trump's proposed tax-cut bill, fearing it could exacerbate the national debt without significantly reducing the deficit. These concerns have been amplified by Moody's recent downgrade of the U.S. credit rating, reflecting doubts about the country's fiscal sustainability.

3. Disappointing Corporate Earnings: Retailers like Target reported weaker-than-expected earnings and lowered profit forecasts, partly due to consumer boycotts and the impact of tariffs on consumer spending. Such reports have added to the market's negative sentiment.

4. Global Economic Concerns: The implementation of broad tariffs by the Trump administration has heightened trade tensions, leading to fears of increased inflation and a potential slowdown in global economic growth. These factors have contributed to investor unease and market volatility. 

As a result of these factors, major U.S. stock indexes experienced significant losses:

• Dow Jones Industrial Average: Fell 816.80 points (1.9%) to 41,860.44

• S&P 500: Dropped 95.85 points (1.6%) to 5,844.61

• Nasdaq Composite: Decreased 270.07 points (1.4%) to 18,872.64

These declines mark the worst session for the stock market in a month, reflecting the cumulative impact of fiscal policy uncertainties, rising borrowing costs, and concerns over corporate profitability

May 20 2025

 

Markets:

• S&P Futures: Down 0.15%

• NASDAQ 100: Down 0.3%

• Dow Futures: Slightly up

• Russell 2000 (IWM): Down <0.1%

• 10-Year Treasury Yield: Up to 4.49% (from 4.47%)

Macro Context:

• Treasury yield climbed following the Moody’s U.S. debt downgrade, though the concerns weren't surprising.

---

Earnings Highlights:

• Amer Sports (AS):

  • Strong EPS and 25% revenue growth

  • Raised guidance despite tariffs, citing pricing power

• Viking (VIK):

  • Smaller-than-expected loss, 25% revenue growth

  • Weak fiscal 2026 bookings hurt sentiment

• Home Depot (HD):

  • EPS miss; revenue beat with 9.4% increase

  • U.S. comps +0.2% (slight beat)

  • Reaffirmed 2025 guidance (slightly below consensus)

• Elbit Systems (ESLT):

  • Beat with 42% EPS and 22% revenue growth

• Qifu Technology (QFIN):

  • Revenue beat (+12%), unclear on EPS/guidance

• Trip.com (TCOM):

  • EPS beat, revenue miss (-19%)

• H-World (HTHT):

  • EPS and revenue both missed

• Bilibili (BILI):

  • 24% revenue gain, stock rising

• D-Wave Quantum (QBTS):

  • Surging after launching new “Advantage 2” system

• Pony.ai:

  • Revenue +12%, robotaxi revenue up 800%, strong momentum

• VIPS, YALA, EXP, GDS, SBLK:

  • Mixed results; YALA dropped due to -8% in paying users

  • EXP missed EPS/revenue

  • GDS revenue miss, still up

  • SBLK beat but revenue down -21%

• AGYS:

  • Beat on both EPS and revenue

• Pegasystems (PEGA):

  • Joining S&P MidCap 400, replacing Nordstrom (JWN)

• Tesla (TSLA):

  • China weekly sales bounced, but Q2 still tracking below Q1 — a concern

• Levi’s (LEVI):

  • Sold Dockers to Authentic Brands for up to $391M

---

Downgrades:

• Nutanix (NTNX):

  • Raymond James downgraded to Market Perform (PT: $83), citing valuation

• KLA Corp (KLIC):

  • Downgraded to Hold, valuation concerns (PT: $790 unchanged)

May 15 2025

 

Market & Economic Updates:

• U.S.-Iran Nuclear Deal: Progress toward a deal could increase Iranian oil output.

• 10-Year Treasury Yield: Slightly down to 4.49%, still at highs not seen since Feb 19.

• Fed Commentary: Jerome Powell warned of persistent supply shocks that could challenge monetary policy.

• Inflation Data:

  • PPI (April): Fell 0.5% vs expected 0.2%. Prior revised up to flat.

  • Core PPI: Fell 0.4%, missing 0.3% expectations. Prior revised up to 0.4%.

  • Core Inflation: At 3.1% YoY vs 3.0% estimate.

• Retail Sales (April): +0.1%, in line. March revised up to +1.7%.

• Philly Fed Index (May): -10 vs prior -26.4.

• Empire State Index: -9.2, worse than estimate.

• Jobless Claims: 229,000, flat vs previous week.

---

Corporate News & Earnings:

• Apple: Trump urged Apple not to shift production to India.

• CoreWeave: Big Q1 revenue beat (420%) but a large loss; heavy CapEx positive for Nvidia.

• Cisco & Walmart: Both beat revenue estimates; Walmart notes tariff-related price hikes likely soon.

• Dick's Sporting Goods: Acquiring Foot Locker for $2.4B; Foot Locker stock up sharply.

• Birkenstock, Dillard's, Alibaba, Deere: Mixed results; Deere cut full-year guidance despite Q2 beat.

• Star Bulk, DLocal, NextTracker: Beats across revenue and/or earnings.

• Boot Barn: Slight miss, but stock surging due to $200M buyback.

• Steris: Slight EPS miss, revenue beat.

• CrowdStrike: Downgraded by Mizuho; weak channel checks.

• Rubrik: Dropped on valuation concerns.

---

Market Sentiment:

• Slight pause in rally; mega caps (Tesla, Nvidia, Google) lifted indices.

• Broader market (e.g., RSP equal-weight S&P 500) down.

• Some concern as multiple stocks show pre-market weakness.

• Market still performing well overall unless key support levels break (e.g., 21-day moving average).

CRWV and SMCI comparison

 CoreWeave Inc. (NASDAQ: CRWV) and Super Micro Computer Inc. (NASDAQ: SMCI) are both prominent players in the AI infrastructure sector, yet they operate with distinct business models and financial profiles. Here's a comparative analysis:

---

📊 Financial Overview (as of May 14, 2025)

Metric	CoreWeave (CRWV)	Super Micro Computer (SMCI)
Market Cap	~$29.4 billion	~$23.2 billion
Revenue (TTM)	$1.9 billion (2024)	$21.57 billion
P/S Ratio	~15.3x	~1.24x
Net Income (2024)	-$863 million	Data not specified
Revenue Growth (YoY)	420% (Q1 2025)	82.5% (TTM)

---

🏢 Business Models

• CoreWeave: Specializes in providing cloud-based GPU computing resources tailored for AI and machine learning workloads. The company offers on-demand access to high-performance GPUs, catering to clients like OpenAI and Microsoft.

• Super Micro Computer: Focuses on designing and manufacturing high-performance server and storage solutions. Their products are integral to data centers and enterprises requiring robust computing infrastructure.

---

Growth and Market Position

• CoreWeave: Despite being a newer entrant, CoreWeave has demonstrated explosive growth, with a 420% year-over-year revenue increase in Q1 2025. The company has secured significant contracts, including a $11.2 billion deal with OpenAI, contributing to a total revenue backlog of $25.9 billion 

• Super Micro Computer: Established in the industry, Supermicro reported a 19.5% year-over-year revenue growth in the quarter ending March 31, 2025. The company continues to expand its market share in the server and storage solutions sector 

 Valuation Insights

• CoreWeave: With a P/S ratio of approximately 15.3x, CoreWeave is valued at a premium, reflecting investor optimism about its rapid growth and strategic partnerships 

• Super Micro Computer: Trading at a P/S ratio of around 1.24x, Supermicro presents a more conservative valuation, which may appeal to investors seeking established companies with steady growth .

---

 Strategic Considerations

• CoreWeave: The company's aggressive expansion and significant contracts position it as a formidable player in the AI cloud infrastructure space. However, its high valuation and net losses indicate a higher risk profile.

• Super Micro Computer: With a solid foundation and consistent growth, Supermicro offers stability. Its lower valuation suggests potential for appreciation, especially if it capitalizes on the growing demand for AI-related hardware.

---

Conclusion: Investors seeking high-growth opportunities in the AI cloud sector might find CoreWeave appealing, albeit with higher risk. Conversely, those preferring established companies with steady growth may consider Super Micro Computer as a more conservative investment.

CRWV Earning update

CoreWeave Inc. (NASDAQ: CRWV) reported its first quarterly earnings as a public company on May 14, 2025, showcasing significant growth alongside notable financial challenges.

Q1 2025 Financial Highlights

• Revenue: $981.6 million, a 420% increase year-over-year, surpassing analyst expectations of approximately $857 million. 

• Net Loss: $314.6 million, or $1.49 per share, exceeding the anticipated loss of $0.16 per share. 

• Adjusted EBITDA: $606.1 million, up 480% year-over-year, with a margin of 62%. 

• Operating Expenses: $1.01 billion, a 487% increase from the previous year.

• Interest Expense: $263.8 million, reflecting substantial debt incurred to support rapid expansion. 

Strategic Developments

• Revenue Backlog: $25.9 billion, including a significant $11.2 billion deal with OpenAI, indicating strong future revenue streams. 

• Infrastructure Expansion: Active power capacity increased to 420 MW, with contracted power reaching 1.6 GW, underscoring the company's commitment to scaling its AI infrastructure. 

• IPO Performance: Since its IPO at $40 per share in March 2025, CoreWeave's stock has risen over 65%, reflecting investor confidence in its growth trajectory

 

Why DAVA is down today?

 May be good candidate for short.

Endava plc (NYSE: DAVA) shares are down sharply today, dropping nearly 30% to around $15.42 as of mid-afternoon trading. This decline comes despite the company reporting positive third-quarter fiscal 2025 results. Investors appear concerned about the company's forward guidance and broader market challenges.The Motley Fool

Key Factors Behind the Decline

• Lowered Fiscal 2025 Outlook: Despite an 11.7% year-over-year revenue increase to £194.8 million and a swing to a profit of £10.9 million in Q3, Endava lowered its full-year revenue and earnings per share forecasts. This cautious outlook has raised concerns about the company's future growth prospects. RTTNews

• Investor Sentiment: The market's reaction suggests that investors are skeptical about the company's ability to sustain growth amid ongoing challenges. Analysts have noted that Endava's performance, while improved, may not be sufficient to offset concerns about its long-term trajectory.

In summary, while Endava's recent financial results show improvement, the lowered guidance and investor concerns about future growth have contributed to the significant drop in its stock price today.

Market May 14 2025

 

The modest uptick in futures follows a strong performance in the previous session, where the S&P 500 rose 0.7%, nudging the benchmark index into positive territory for 2025. This rally was driven by encouraging inflation data and a de-escalation in the U.S.-China trade spat. The Consumer Price Index rose at an annual rate of 2.3% in April, marking the lowest level of 12-month inflation since early 2021

U.S. Stock Index Futures (as of 7:49 AM ET)

• S&P 500 Futures: Up 16.25 points (+0.28%) to 5,917.00

• Dow Jones Futures: Up 14.00 points (+0.03%) to 42,245.00

• Nasdaq 100 Futures: Up 96.50 points (+0.45%) to 21,351.25
  
  

Tech Stocks.

• Tesla (TSLA): Up 4.93%, with its market capitalization surpassing $1 trillion, driven by positive sentiment and recent product developments.

• Nvidia (NVDA): Up 5.6%, crossing the $3 trillion market cap threshold, following a substantial AI hardware deal with Saudi Arabia.

• Amazon (AMZN): Up 1.31%, benefiting from a new logistics partnership with FedEx.

• Meta Platforms (META): Up 2.6%, continuing its upward trajectory amid broader tech sector gains.

• SMCI 
  
  

• Health Care Sector Under Pressure

  The health care sector is notably underperforming, with several major companies experiencing significant declines:

  • UnitedHealth Group (UNH): Down 17.75% to $311.27

  • Humana Inc. (HUM): Down 9.30% to $228.98

  • CVS Health Corp. (CVS): Down 6.55% to $60.49

  • Simon Property Group (SPG): Down 6.40% to $160.85

  • Centene Corp. (CNC): Down 6.09% to $58.9

BROS

May 13 2025

 

Market Overview:

• NASDAQ 100 (QQQ): Up 0.2%, building on Monday’s strong rally.

• S&P 500 (SPY): Flat after a 3.3% jump yesterday.

• Russell 2000 (IWM): Up 0.27%.

Company Highlights:

• CyberArk: Revenue up 43% to $317.6M (growth accelerating). Q2 and full-year guidance slightly ahead of consensus, but stock trading down.

• Sea Ltd (SE): Revenue up 30% to $4.84B, slightly below estimates, but stock up pre-market.

• Tencent Music (TME): Stock up 1%; music subscription revenue up 17%, paying users at 122.9M.

• Coinbase: Up 9% pre-market; joining the S&P 500, replacing Discover (being acquired by Capital One).

• Hertz (HTZ): Earnings up 13%, revenue down 13% to $1.8B. Stock fell despite a prior rally on Bill Ackman’s stake.

• China Stocks: Mixed performance after gains. KWEB slightly down; FUTU, ATAT, and YMM now IBD sector leaders.

• Hinge Health (HNGE): Announced IPO pricing at $28–$32; starts trading next week.

• Carmen (KRMN): Near a key technical level ahead of earnings.

• CoreWeave (CRWV): Earnings tomorrow; showing strong revenue growth, stock near breakout.

NET Revenue/EPS

 

 VST stock earning:

Quarterly Financial Data:

Quarter Ending	Revenue (USD)	EPS (Basic)
Mar 31, 2025	$3.93B	$0.46
Dec 31, 2024	$4.04B	$1.14
Sep 30, 2024	$6.29B	$5.25
Jun 30, 2024	$3.85B	$0.90
Mar 31, 2024	$3.05B	$0.23
Dec 31, 2023	$3.08B	-$0.48
Sep 30, 2023	$4.09B	$1.25
Jun 30, 2023	$3.19B	$1.03

Metric	Q1 2025 Result	Notes
Revenue	$3.93 billion	Up 28.8% YoY, but missed $4.46B analyst expectation
Earnings Per Share (EPS)	$0.45	Missed forecast of $1.19
Net Income	-$268 million	Compared to +$18 million in Q1 2024
Adjusted EBITDA	$1.24 billion	Up 53% YoY, strong generation & retail segment performance
Stock Reaction	-6.37% (pre-market)	Reflects investor disappointment with EPS miss
Full-Year 2025 Guidance	Adjusted EBITDA: $5.5B–$6.1B	Reaffirmed
	Adjusted Free Cash Flow: $3.0B–$3.6B	Reaffirmed
Upcoming Investments	$700+ million in solar & energy storage	Projects nearing completion
Current Stock Price (May 12)	$146.07	Day’s range: $142.00 – $147.41

May 12 2025

Apple (AAPL): Up sharply (5.5% to 8%) on reports of planned iPhone price hikes this fall; earlier concerns over $900M tariff costs now seem less significant.

Dow Jones: Lagging a bit, up 2.5% in pre-market; healthcare stocks (Merck, J&J, Amgen) all down at least 2% amid tariff news.

Trump Executive Order: Announcement expected at 9:30 a.m. ET to cut prescription drug prices by 30–80%.

Shopify (SHOP): Up 9% after being added to the NASDAQ-100, replacing MongoDB (MDB).

Monday.com (MNDY): Up 4% on strong earnings; revenue grew 30% to $282.3M; full-year guidance slightly above expectations.

CrowdStrike (CRWD): Up 2.5% despite recent investigation; Wedbush raised its target price to $475 citing strong field data.

NRG Energy (NRG): Up 10% on $12B acquisition of natural gas facilities from LS Power.

Upcoming Earnings:

• Tuesday: Tencent Music (TME), Loar Holdings (LOAR), Carmen (KRMN)

• Wednesday: CoreWeave (CRWV), new AI stock renting NVIDIA-powered data centers

• Thursday: Alibaba, Walmart, Kava (KAVA)

 

Market Overview (Friday Morning):

• Futures Up:

  • NASDAQ 100 +0.5%

  • S&P Futures +0.4%

  • Dow Futures +0.2%

• 10-Year Treasury Yield: Flat at 4.36%

• No major economic data, but several Fed speakers today.

---

Earnings Highlights:

• Pinterest (PINS):

  • Up 9% (was 15% AH)

  • Revenue beat; EPS missed.

  • Strong Q2 revenue guidance.

  • MAUs: 570M (+10%, beat forecasts).

• Cloudflare (NET):

  • Up 8% AH

  • Revenue +27% (9th straight quarter of 25%+ growth)

  • Landed $100M+ contract.

• Coinbase (COIN):

  • Slight revenue miss ($2B vs $2.1B est)

  • EPS beat by $0.01

  • Buying Deribit for $2.9B.

  • Follows Bitcoin crossing $100K.

• Affirm (AFRM):

  • Down 7% due to weak guidance.

• Paycom (PAYC):

  • Strong Q1 and upgraded outlook.

  • Continued breakout.

• Deere (DE):

  • May benefit from US-UK beef trade deal.

• BP:

  • Acquisition rumors; weak stock rating.

• Taiwan Semi (TSM):

  • Revenue +48% YoY.

  • Stock +3% pre-market.

• Microchip Tech:

  • Stock +12% on strong Q1 guidance (22¢ vs 16¢ est).

• Trade Desk (TTD):

  • Stock +14% on strong results.

• DraftKings (DKNG):

  • Narrower loss than expected; stock +3%.

• Insulet (PODD):

  • Stock +12% after big EPS beat ($1.20 vs 79¢ est).

• Expedia (EXPE):

  • EPS beat; revenue missed.

  • Citing weaker US travel demand.

• Lyft (LYFT):

  • Stock +12% post-earnings, though weaker than Uber.

May 8

Market Summary: Indexes: Major indexes are up: S&P Futures +0.8%, Dow +0.6% (approaching 50-day line), QQQ (Nasdaq-100) +1.5% (near 200-day), IWM (Russell 2000) +1.2% (above 50-day). Treasury Yield: 10-year yield at ~4.3% (+2–3 bps). Key News: Trump-UK Trade Deal: Trump to announce a "comprehensive" trade deal with the UK, likely a limited framework mainly around autos. Possible continued 10% tariff. EU may retaliate via WTO. Bank of England: Cut rates by 25bps to 4.25% as expected. US Data: Jobless claims: 228K (better than expected). Productivity: -0.8% (weaker than -0.5% expected). Unit labor costs: +4.7% (below 5.2% forecast). Earnings: Winners: Cato Libre, Carvana, AppLovin, Dave, Lifetime Fitness, Sezzle, Rally, Axon – all beat expectations with strong revenue gains. Mixed: Shopify, ARM, Adma, ArgenX – beat on EPS or revenue but disappointed elsewhere. Losers: Fortinet, Peloton, Cleveland Cliffs, Flutter, QSR – missed on revenue or guidance, some with declining fundamentals. Other Highlights: Instacart CEO leaving for OpenAI (remains chair). Coin acquiring Deribit (crypto options platform). Transportation Secretary to propose modernizing air traffic control. Google responds to Apple’s claim about declining Safari search traffic, cites rise in overall queries (Gemini use increasing). Market Sentiment: A bullish reversal pattern seen: two down days followed by a strong up day—potential swing trading signal. Still, resistance levels remain; cautious optimism with emphasis on risk management. Company Ticker Price (USD) Change (%) Highlights MercadoLibre MELI 2,439.47 +7.8% Strong earnings beat; revenue growth Carvana CVNA 275.06 +6.0% 38% revenue gain; nearing old buy point AppLovin APP 347.46 +16.6% Beat views; bullish guidance Dave Inc DAVE 134.00 +25.1% 47% revenue growth; breakout Sezzle SEZL 66.87 +27.1% 123% revenue gain; raised guidance Axon Enterprise AXON 670.56 +12.6% Beat views; raised full-year revenue guidance 📉 Top Losers Company Ticker Price (USD) Change (%) Highlights Fortinet FTNT 96.90 -8.6% In-line revenue; guidance slightly light Peloton PTON 6.28 -10.9% Wider-than-expected loss; revenue gain Cleveland-Cliffs CLF 7.71 -7.9% Larger-than-expected loss; idling plants ArgenX ARGX 570.00 -8.3% Beat EPS; missed revenue Adma Biologics ADMA 21.67 -7.3% Missed revenue; guidance raised

May 7 Market Update

Markets: Chinese stocks were falling despite positive trade talk implications. U.S. futures dropped from earlier highs. The Fed is expected to hold rates; attention is on Jerome Powell's tone at the 2 p.m. ET announcement. Earnings Highlights: Uber: Beat EPS estimates, missed on revenue, strong Q2 guidance. CrowdStrike: Cutting 5% of workforce, in-line guidance. Disney: Positive surprise in streaming growth, planning Abu Dhabi theme park. Marvell: Delaying investor day, citing macroeconomic uncertainty. Arista Networks (ANET): Strong Q1 results, cautious full-year outlook due to tariffs. Supermicro: Mixed results, weak guidance. Vistra (VST): Missed earnings, revenue significantly below estimates despite 29% gain. Electronic Arts (EA): Strong results, stock trending up. Mosaic: Up slightly on earnings. AMD: Stock up, still far from recovery. Upstart (UPST): Major pre-market decline. Tempus: Volatile movements. Rivian: Beat estimates but cut delivery guidance; stock down.

AAPL Earning

 

Financial Highlights

• Revenue: $95.4 billion, up 5% year-over-year, exceeding the consensus estimate of $94.68 billion. ​Press Release Hub

• Earnings Per Share (EPS): $1.65, an 8% increase from the previous year, beating expectations of $1.63. ​Investor's Business Daily+5Axios+59to5Mac+5

• Net Income: $24.78 billion. ​AP News+19to5Mac+1

• Operating Cash Flow: $24 billion. ​Apple+1Apple+1

---

📱 Product & Segment Performance

• iPhone Revenue: $46.84 billion, driven by strong demand for the new iPhone 16e featuring Apple's first custom modem chip. ​Press Release Hub+2Reuters+29to5Mac+2

• Services Revenue: $26.65 billion, a new record, though slightly below analyst expectations of $26.72 billion. ​Business Insider

• Mac Revenue: $7.95 billion. ​9to5Mac

• iPad Revenue: $6.4 billion. ​9to5Mac

• Wearables, Home, and Accessories: $7.52 billion. ​9to5Mac

---

🌏 Geographic Insights

• Greater China Revenue: $16 billion, slightly above expectations. ​Reuters+1AP News+1

• Supply Chain Adjustments: Apple is shifting some iPhone production to India to mitigate tariff risks, though this transition may increase costs and impact margins. ​AP News+2Reuters+2Business Insider+2

---

💵 Shareholder Returns

• Dividend Increase: 4% rise to $0.26 per share, payable on May 15, 2025. ​Press Release Hub

• Stock Buyback: Authorization of an additional $100 billion in share repurchases. ​Reuters+1Press Release Hub+1