📰 Market Headlines

Markets sputtered yesterday as UnitedHealth's massive earnings miss sparked a broad healthcare selloff, dragging down the major indexes.

• The S&P 500 rose just 0.1%, the Dow shed 1.3%, and the Nasdaq slipped 0.1%.

• Investors reacted strongly to UnitedHealth's earnings miss, triggering a selloff across the health insurance sector, causing peers to dip between 1% and 6%.

Netflix stock is trending up almost 10% this week after they beat earnings, posting a 13% YOY increase in quarterly revenue:
- Earnings per share: $6.61 vs. $5.71 expected
- Revenue: $10.54 billion vs. $10.52 billion expected

The International Monetary Fund (IMF) assured that, despite tariff tensions, a global recession is not on the horizon.

President Trump expressed "100% confidence" in securing a trade deal with Europe in the coming months.

The tone at The White House is positive and optimistic that trade deals will start coming in more rapidly. This includes China, who could reach a deal with the USA in “as soon as 3 weeks”.

The IRS’s free Direct File program expanded to 30 million taxpayers but faced heavy Republican scrutiny, leaving its future uncertain under the Trump administration.

The market is closed today and Monday for the Easter holiday. Please have a great weekend. Hopefully some positive news comes in over the weekend and powers us to a strong week in the market next week.
-Brandon

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There’s a lot of optimism coming out of the White House about trade deals…

😱 Fear and Greed Index

📊 Earnings this week

• Netflix beat its Q1 earnings expectations, shares jumped nearly 5% to a new high since early April.

• Ally Financial reported Q1 net revenue below expectations; shares slid 2.73% at close.

• American Express delivered Q1 revenue with 7% YoY growth, but shares fell 1.92% post-earnings.

• D.R. Horton missed Q1 earnings expectations; shares tumbled 1.89%.

• TSMC announced a $100 billion investment for three new US chip plants; shares surged 3%.

• UnitedHealth Group missed Q1 EPS forecasts and lowered its 2025 guidance; shares plunged over 22%.

Market movers

• A judge ruled Google held illegal monopolies in online ads, dealing a second major antitrust blow as it fought to defend its core businesses.

• Shein and Temu announced a rise in US prices starting April 25 in response to Trump’s 145% tariffs on Chinese goods.

• Lowe's acquired Artisan Design Group, expanding its professional services reach across 18 states and targeting a $50 billion market opportunity.

• Meta removed Apple’s AI tools from Facebook, Instagram, WhatsApp, and Threads.

• Kraken laid off hundreds across all departments ahead of its planned IPO.

 📊 Ideas, trends, and analysis

🎤 What you said last time

“Save America. Fire Powell.”

📺 What to watch today