Trump’s first 100 days: the biggest stock winners and losers.
🚀 Winners: $PLTR | Palantir +57% $PM | Philip Morris +39% $DG | Dollar General +36% $VRSN | Verisign +31% $NEM | Newmont +30% $NFLX | Netflix +29% 😨 Losers: $DECK | Deckers Outdoor -48% $TER | Teradyne -44% $ZBRA | Zebra -40% $ALB | Albemarle -40% $DAL | Delta Airlines -36% $UAL | United Airlines -36% Source: The Future Investors
S&P 500 Index Size of Intraday Swings Since 1985
Source: Michael McDonough @M_McDonough, Bloomberg
BofA:
Analysts may be trimming not slashing: 2025 bottom-up consensus EPS of $266 has been cut by ~1.5%, near the long-term average, in April and still implies 10% YoY growth. Source: Mike Zaccardi, CFA, CMT, MBA
The S&P 500 is almost back to where it was on Liberation Day
Source: Barchart
SP500 revenue from China are roughly six times US exports to China
From Torsten Slok, Apollo
Wow. Systematic macro hedge funds have reduced exposure to US equities to levels not seen since the COVID crash.
They sure have a lot of buying to do if the market stays bid. Chart: Goldman Sachs thru Markets & Mayhem
The BofA Fund manager survey can be used as a great contrarian indicator.
Even BofA's Hartnett is mocking how contrarian his Fund Manager Survey has become... Source: zerohedge
Warren Buffett looks at market cap-to-GDP as one indicator for how frothy or cheap the markets may be.
The S&P 500 recently traded around 168% market cap-to-GDP vs the global equity markets at around 90%. That suggests US stocks are .. exceptionally expensive. Chart: Goldman, Markets & Mayhem
