Tesla stock $TSLA, surges over +5% as President Trump says he is not getting rid of his Tesla.
Trump also called Starlink a “good service” and say he wishes Elon well. Global Pulse on X: “Despite rising tensions, the Trump Vs Musk conflict will cool down in the coming days till next election. Both are high-stakes players, and neither wants to risk their empires”. Source image: Not Jerome Powell on X
The Nintendo Switch 2 launch absolutely blew away expectations.
Below the monthly chart of Nintendo stock $NTDOY (7974.T-JP:Tokyo Stock Exchange) Source: Markets & Mayhem
What do these 3 charts have in common? 🚀🚀🚀
Source: Trend Spider
S&P 500 earnings estimates are now surpassing the prior high, which happened just before 'Liberation Day'.
First-quarter earnings season wraps up, underscoring corporate strength. S&P 500 companies grew profits 12.5% y-o-y, the third quarter of double-digit growth in the past four. While earnings growth estimates for 2025 have been revised down from 14% to 8.5%, the 2026 outlook remains steady, pointing to the potential for reacceleration. Notably, the forward 12-month earnings estimate has recently reached a new high, providing a fundamental anchor for rising equity markets. While valuations have undoubtedly contributed to the recent gains, earnings appear to have also played an important role as well. Source: Edward Jones
GS: S&P 500 and soft data typically trough before hard data
Source: Goldman Sachs, Mike Zaccardi, CFA, CMT, MBA
Stocks would plunge 10% and the U.S. Dollar would fall 5% if the foreign tax provision, known as Section 899, passes Congress, warns Allianz SE 🚨🚨
Source: Barchart
If you squint hard enough, you'll notice an outlier in the S&P 500 when it comes to Price/Sales vs YTD Return.
Source: Koyfin
Circle stock ($CRCL) surges 168% in blockbuster NYSE Debut as stablecoin giant goes public.
The stablecoin issuer's shares closed at $83.23, marking the crypto industry's second-largest public listing. The stablecoin giant's first day as a public company saw explosive trading activity, with 47.1 million shares changing hands as the stock swung between a daily high of $103.75 and low of $66.60. The dramatic price action pushed Circle's market capitalization to $16.7 billion by the closing bell, a remarkable turnaround for a company that had priced its IPO below its previous private market valuation. Circle's successful flotation represents the largest crypto-related public listing since Coinbase's 2021 debut and marks a watershed moment for the stablecoin sector. The Boston-based company raised $1.05 billion in an upsized offering that comes three years after a failed attempt to go public through a $9 billion SPAC transaction that collapsed in 2022. Source: www.blocklead.co
