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📰 Market Headlines |
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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.
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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. |
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😱 Fear and Greed Index |
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🧠 Make yourself heard |
How do you feel about our commentary in the Market Headlines section? |
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⚔️ 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.
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🥇 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. |
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Key reasons for the buy rating: |
Reddit mentions are up 1,400% Web traffic has surged 76% 10-day moving average is trending higher
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Sentiment’s mixed—but it looks like momentum hasn’t fully cooled. |
Always do your own research. |
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📊 Alternative Investing News |
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🤖 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.
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🪙 Crypto | Coinbase disclosed a cyberattack that could cost up to $400 million. The company also reported rejecting a $20 million ransom demand. Hong Kong's Yong Rong Asset Management loaded up on nearly $688 million of BlackRock's spot Bitcoin ETF (IBIT). Judge Analisa Torres rejected a joint settlement motion from the SEC and Ripple over a procedural flaw.
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💡 Ideas, trends, and analysis |
A WTTC report projected a $12.5 billion drop in US foreign tourism revenue for 2025, with total spending expected to fall 22.5% below its peak. US wholesale prices plunged 0.5% in April, the sharpest monthly decline since 2020, even as President Trump’s tariffs remained in flux.
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🌍 International Markets | | 🇲🇽 Latin American markets tumbled as trade optimism faded in the region. Mexico's peso weakened amid expectations of a 50 basis point rate cut. 🇯🇵 Japanese shipbuilders watched export orders crater 32% in April to 620,000 gross tonnes, widening the gap with South Korean competitors. 🇨🇳 President Xi Jinping issued his first letter to a foreign business community in four years, oddly aimed at the Danish Chamber of Commerce. 🇮🇳 India’s Foreign Minister disputed President Trump's claim that Delhi offered to drop all tariffs on US goods, stating that "nothing is decided till everything is".
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🎤 What you said last time |
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🚚 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.
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📊 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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📗 Recommended Reading |
Do you like newsletters? We like newsletters. |
Here are some newsletters our readers tend to enjoy, covering topics like: |
Finance AI Wealth building Health And more.
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Explore here. |
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📺 What to watch today |
 | A Breakthrough in Medicine: Personalized Gene Editing to Save KJ |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers,
Brandon with Stefan & Wyatt |
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