NEWS
Cramer… Rallied The Market
Source: tenor
The market climbed on Tuesday as the tech world recovered, and fintech earnings came in strong. CNBC’s Jim Cramer rang the NYSE opening bell, leaving investors worried his touch would cause a crash. Despite his meme reputation, Cramer tends to know what he is talking about- it’s just easy to pull up his tweets later when a stock moves in the opposite direction, especially when you comment on stocks as much as Cramer does.
Today's issue covers SoFi and Hims flying onto watchlists, Amazon’s tariff debacle, and more.
Here’s the S&P 500 heatmap. 10 of 11 sectors closed green, with consumer discretionary (+0.71%) leading and energy (-0.29%) lagging.
Source: finviz
And here are the closing prices:
S&P 500 | 5,561 | +0.58% |
Nasdaq | 17,461 | +0.55% |
Russell 2000 | 1,977 | +0.56% |
Dow Jones | 40,528 | +0.75% |
STOCKS
Top Stocks Users Watched
Two stocks flew onto Stocks users’ watchlist Tuesday, and both moved on market news:
SoFi Technologies $SOFI: Digital bank fintech SoFi reported Q1 2025 revenue of $771.76 million, up 20% YoY and exceeding the $738.91 million estimate. Adjusted EPS grew 200% YoY to $0.06, beating forecasts of $0.03.
The company raised its full-year revenue guidance to $3.235–$3.310 billion and expects to add at least 2.8 million new members in 2025, reflecting strong momentum in member and product growth. The financial services segment grew 101% to $303M in the quarter.
"We have a massive opportunity in front of us, and we're putting our foot on the gas to ship new products and iterate on our current offerings," CEO Anthony Noto told Barron's.
Hims & Hers Health $HIMS: Healthtech wellness and pharmacy app Hims flew 23% Tuesday after big news about weight-loss drugs on the platform. Novo Nordisk announced partnerships with Hims & Hers, LifeMD, and Ro to expand access to its weight-loss drug Wegovy.
Patients can now obtain Wegovy through NovoCare Pharmacy for $499 per month, with telehealth platforms offering bundled services like clinical support and nutritional guidance. This initiative follows the resolution of Wegovy's supply shortages and aims to streamline access to FDA-approved treatments.
Hims was not looking good after one of their most profitable products- derivative weight-loss drugs— were suddenly off the menu.
Other Movers Moving As The Markets Closed
Starbucks reported adjusted EPS of $0.41, below estimates for $0.48, with revenue in line with estimates in the coffee maker’s second quarter results. Earnings fell 40% from a year ago, and revenue grew 3% to $8.8B. The roaster said same-store sales fell, and North American Transactions were down 4%.
Visa reported an adjusted EPS of $2.76, above estimates of $2.68. Revenue grew 11% to $9.6B, above estimates for $9.5B.
Snap reported a net loss of $(0.08)/share, on revenue of $1.363B. The social media app did a little better than a $0.13 loss. Still, net loss was $140 million, compared to $305 million in the prior year, representing a 42% decrease.
Super Micro Computer reported its unaudited results and cut its Q3 guidance, with a report (hopefully audited this time) due May 6th. The firm now sees Adj EPS from $0.29-$0.31, down from $0.46-$0.62, below estimates for $0.54.
The data center shelf maker also cut its Q3 sales outlook to $4.50 billion-$4.60 billion from a range of $5B-$6B. Analysts wanted $5.49 billion, and the stock tanked 16% after hours, and even pulled down stocks like $DELL ( ▼ 0.73% ) and even $NVDA ( ▲ 0.27% ).
Stocktwits users, unbothered, still rate the stock as ‘bullish.’
TARIFFS ARE STILL A THING…
Trump Called Bezos For This
According to CNBC, President Trump called up Founder Jeff Bezos Tuesday morning after Amazon said it would put a little tariff price tracker next to every product, to show users how much more in taxes they were paying.
In a White House Press event, administration spokesperson Karoline Leavitt said the act was hostile and political. Later in the day, Amazon clarified that this idea was only considered for its budget-focused Amazon Haul store and was never implemented.
The drama shows the administration and business world are still finding new ways to butt heads over self imposed trade levies. Trump said Bezos did the right thing in responding. If Trump calls, I guess you'd better pick up the phone.
Auto Tariffs Made Easier— But Only For Two Years
The White House also seems set on helping out the auto industry with the new normal. The Wall Street Journal reported that auto manufacturers that build in the U.S. will be free from paying tariffs on materials like foreign steel or aluminum.
Car makers will also be able to reimburse tariffs on their cars for up to 3.75% of the value of a car, for one year, and 2.5% the following year. Sounds boring, confusing, and contrived? Well, that’s taxes for you! Tariffs on car manufacturing and foreign parts start at about 25% next month. Let’s hope dealmaking brings them down.
Trade Is Getting Worse, Not Better (For Now?)
U.S. Trade balance, the total imports minus the total exports, hit its lowest on record in March, according to the Census Bureau— The total was -$161.99B, attributed to a surge in imports.
That’s not just a line- imports soared $16.3 billion to an all-time high of $342.7 billion, driven by a 27.5% jump in imports of consumer goods. Exports, meanwhile, rose $2.2 billion to $180.8 billion in March.
It may mean consumers and firms are buying more before prices rise, Reuters reported.
STOCKS
Other Noteworthy Pops & Drops
Spotify ($SPOT -3%): The global leader in audio streaming reported Q1 2025 revenue of €4.19 billion ($4.77 billion), up 15% YoY but slightly below analyst estimates of €4.2 billion. Premium subscribers grew 12% YoY to 268 million, while total monthly active users rose 10% to 678 million.
General Motors ($GM -0.6%): The big three U.S. automaker reported Q1 2025 revenue of $44.02 billion, up 2.3% YoY, exceeding the $43.21 billion estimate. Adjusted EPS was $2.78, but management withdrew its full-year guidance due to uncertainty surrounding Trump’s tariffs.
Coca-Cola ($KO +0.8%): Reported Q1 2025 revenue of $11.22 billion and adjusted earnings of $0.73, exceeding expectations. The firm said any impact from tariffs would be manageable. Organic revenue grew 6%, and the company reaffirmed its full-year guidance of organic revenue growth of 5–6%. Coke Zero demand rose 14%.
Meta Platforms ($META +1%): The social media giant launched a standalone AI app powered by its Llama 4 model. Users can access a trial version of the app to integrate voice conversations, image generation, and editing features.
NOV Inc. ($NOV -2%): Major oilfield equipment provider NOV reported a 39% drop in Q1 net income to $73 million ($0.19 per share), compared to $160 million ($0.41 per share) a year ago. Revenue fell 2% to $2.1 billion.
BP ($BP -4%): The oil giant reported a 49% drop in Q1 2025 underlying replacement cost profit to $1.38 billion, missing analyst expectations of $1.6 billion. The decline was attributed to weaker gas trading results and lower refining margins, while the company announced a reduced $750 million share buyback for the quarter.
UPS ($UPS -0.4%): Box mover UPS reported Q1 2025 revenue of $21.5 billion, slightly down 0.7% YoY but exceeding the $21.02 billion estimate. Adjusted EPS came in at $1.49, beating expectations, while the company announced plans to cut 20,000 jobs and close 73 facilities to save $3.5 billion amid macroeconomic uncertainties.
PayPal ($PYPL +2%): The fintech giant reported Q1 2025 revenue of $7.8 billion, up 1% YoY but slightly below the $7.84 billion estimate. Adjusted EPS came in at $1.33, exceeding the $1.16 forecast. It maintained full-year guidance. Venmo revenue surged 20%, reflecting growth in branded checkout and omnichannel solutions.