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📰 Market Headlines

Markets finished mixed on Thursday as the Nasdaq snapped a six-day win streak, dragged down by tech losses.

• The Dow finished up 0.7%, the S&P 500 settled for a 0.4% gain, and the Nasdaq fell 0.2%.

• Amazon led the Magnificent Seven drop, falling 2.4% after cutting 100 jobs in its Alexa division. The company has now laid off 27,000 workers since 2022.

Is CoreWeave still a buy after such a wild week? The Nvidia-backed AI data center firm made headlines multiple times the past few days as it posted better-than-expected earnings (but not as much better as investors though) and announced a $4 billion deal with OpenAI. We took a look at the stock through the lens of alternative data and found that AltIndex still rates it as a potential buy—and Jim Cramer thinks so too (do with this what you will). More below.

Walmart confirmed it will raise prices this month due to tariffs. CFO John David Rainey cited double-digit increases on some products, saying the company can no longer absorb the cost pressures. When Walmart starts raising prices, you know the tariff pressure is real.

Fed Chair Powell warned the US may be entering a period of more frequent supply shocks, which could keep long-term interest rates elevated and complicate monetary policy.

A recession is still possible, JPMorgan CEO Jamie Dimon said, citing high deficits and inflation. He added that tariff uncertainty is already chilling investment.

😱 Fear and Greed Index

🧠 Make yourself heard

⚔️ Trade Wars

• Clorox CFO Luc Bellet revealed plans for product reformulations and alternative sourcing to offset an estimated $100 million tariff impact in the next fiscal year.

• The United Nations cut its global GDP forecast to 2.4% for 2025, down from 2.9% in 2024, citing rising tariffs and policy uncertainty.

🥇 AltIndex Top Stock Pick

Nvidia-backed CoreWeave shares have been all over the place this week—up 8%, down 9%, and back again. Earnings beat expectations, and full-year guidance seemed strong—but after a 90% run-up in three weeks, investors were underwhelmed.

Still, we’re seeing that there might be more upside. AltIndex gives CoreWeave a 62/100 based on both financials and alternative data—solidly in “Buy” territory for the analysis platform.

Key reasons for the buy rating:

• Reddit mentions are up 1,400%

• Web traffic has surged 76%

• 10-day moving average is trending higher

Sentiment’s mixed—but it looks like momentum hasn’t fully cooled.

Always do your own research.

📊 Alternative Investing News

• President Trump's administration signed an executive order in April to fast-track deep-sea mining to counter China's mineral dominance.

• The "In Gold We Trust report 2025" confirmed its gold price target of USD 4,800 by 2030.

• Silver mining ETFs have outpaced bullion so far in 2025, up 25% YTD versus 12% for physical silver ETFs.

🤖 AI/Future/Tech News

• Meta shares tumbled after reports that its flagship AI model, Behemoth, has been delayed again, now pushed to fall or later due to engineering setbacks.

• AI video startup Hedra raised $32 million from Andreessen Horowitz as it scaled its Character-3 model for use in entertainment and enterprise marketing.

 💡 Ideas, trends, and analysis

🎤 What you said last time

🚚 Market movers

• UnitedHealth plunged 13% after reports of a Department of Justice criminal probe into potential Medicare fraud.

• Ubisoft cratered 18% after reporting a 20.5% drop in net bookings and forecasting flat sales and break-even income for the year ahead.

• TikTok faces new charges from the European Commission for failing to publish a required ad repository under the Digital Services Act.

📊 Earnings this week

• Walmart reported Q1 revenue of 165.61 billion; shares dropped 0.5% amid margin concerns and tariff uncertainties.

• Alibaba posted Q4 non-GAAP earnings of 12.52 renminbi (1.74) per share, missing estimates; shares tumbled over 7.5%.

• Birkenstock beat quarterly estimates with earnings of 0.60 per share; shares soared 5.8%.

• NetEase stock surged 14.6% in a single session, extending its rally to 25.12% over the past month as investors piled into Chinese tech.

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