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.