JOB OPENINGS IN AMERICA 7.2M VS 7.5M EXPECTED LOST 300K OPEN JOB LISTINGS CONSUMER CONFIDENCE 86 VS 88 EXPECTED 10YR YIELD DROPS TO A 3-WEEK LOW OF 4.185% Why are people buying bonds to get yields to come down? Because the JOLTS data + consumer confidence is showing that the economy is obviously slowing down... Why are stocks not tanking? Because the market expects... RATE CUTS. IT'S TIME TO CUT.
SPOTIFY JUST REPORTED EARNINGS *REVENUE EU4.19B, EST. EU4.21B ( MISS ❌ ) *MONTHLY ACTIVE USERS 678M, EST 679.04M ( MISS ❌ ) *SEES Q2 REV EU4.3B, EST EU4.38B ( MISS ❌ ) *SEES Q2 MAU 689M, EST 694.38M ( MISS ❌ ) $SPOT
U.S. EQUITIES YET TO FULLY PRICE IN TARIFF RISKS, LIKELY TO FALL NEAR TERM: UBS U.S. stock prices do not fully reflect tariffs-related risks and prices are expected to fall further in the near term, UBS Investment Research analysts say in a note. The U.S. tariffs are expected to drag corporate earnings growth, and this possibility is not priced, the analysts say. U.S. equity prices are expected to fall in the near term as companies lower their earnings guidance and interest rates stay relatively high due to slower rate cuts by the U.S. Federal Reserve, UBS says.
$SOFI Q1 2025 - $0.06 EPS vs $0.03 Expected - $772M Revenue vs $739M Expected - 800K new members joined Revenue growth: Tech Platform +10% YoY Financial Services +100% YoY Lending +25% YoY Increased guidance for FY25 by $85M for revenues and EPS by 2 cents. “We are off to a tremendous start in 2025. In Q1, we delivered durable growth and strong returns driven by our relentless focus on product innovation and brand building,” said Anthony Noto, CEO of SoFi
A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY
Here's a full recap: 1. Tesla $TSLA director Joseph Gebbia has disclosed a $1M insider purchase of Tesla stock. He bought 4,000 shares at $256.31. Joseph joined the board in 2022. This is the first $TSLA insider buy since November 2020. 2. Huawei is set to test its Ascend 910D AI chip, aiming to rival $NVDA NVIDIA’s banned H100 in China, with samples expected by late May 2025. The company is also ramping up shipments of its earlier chips and building large-scale computing systems to strengthen its position. U.S. export restrictions are accelerating China’s push for AI self-sufficiency, with Huawei emerging as a key player. Meanwhile, NVIDIA is investing $500 billion to expand its U.S. AI infrastructure. $NVDA was down 2% today. 3. JP Morgan said today: "Updating our view to Tactically Bull