- Morning Download
- Posts
- 🕺 More earnings
Good morning investors! There wasn’t much news yesterday but the mood is upbeat as most big names are now green for the year.
Today we cover:
IPOs are back?
More earnings
Day trading guide continues
Sponsor: Want to see what notable private market investors are getting into? Grab the list here, for free. Along with the first and only daily newsletter for individuals looking to invest into alternative assets.
We're starting a new webinar series. The first one is tomorrow. Would you rather we cover: |
📊 Economy and News
IPOs are back? eToro Surges 29% in Nasdaq Debut, Raising $310 Million
eToro made a strong Nasdaq debut on Wednesday, raising nearly $310 million after pricing its IPO at $52 per share—above expectations. The stock opened at $69.69, jumped 34% during the session, and peaked at $74, giving the company a valuation of $5.6 billion.
The upbeat listing comes despite a prolonged IPO drought linked to tariff uncertainty. With anticipated tariff cuts in 2025, fintech IPO activity may rebound.
What’s coming? Chime has also filed to go public, while Klarna and StubHub postponed their listings earlier this year.
Global hits:
German inflation confirmed at 2.2% in April.
India’s April wholesale inflation slows to 13-month low as food prices fall.
UBS expects U.S. tariff rate to settle near 15% by year-end. Plus, UBS predicts Swiss GDP growth at 1% in 2025, 1.2% in 2026.
Just in: Airbnb is expanding into services like personal chefs, massages, and tours through a redesigned app, aiming to become a full-service travel platform.
Also, Meta is facing a $200B lawsuit over its plan to use Facebook and Instagram user data for AI training.
Lastly Waymo, Google's self-driving car unit, recalled over 1,200 autonomous taxis due to a software flaw that could lead to crashes with road barriers.
Sponsored by Percent
BlackRock now recommends up to 19% allocation to alternatives–including private credit - as market volatility threatens traditional portfolios.
On Percent, accredited investors access this rapidly growing asset class with average net returns of 14.9% in 2024 - significantly outperforming major indices.
Private credit's lower correlation to public markets has made it a cornerstone of institutional portfolios during uncertain times.
Institutional Strategy: Follow BlackRock's 19% alternatives recommendation
Strong Performance: 14.9% average net returns in 2024
Portfolio Stabilizer: Lower correlation to market swings
Accessible Entry: Start with just $500
Modernize your portfolio with private credit investments that thousands already trust.
📈 Stocks
S&P 500 5,892.58 (+0.10%)
DJIA 42,051.06 (-0.21%)
NASDAQ 19,146.81 (+0.72%)
BRENT CRUDE 65.27 (-1.25%)
* Prices as of May 15th, 12:20 AM UTC
CoreWeave Q1 Results: Strong Growth, Wider Loss, and Big OpenAI Deals
AI infrastructure provider CoreWeave reported Q1 revenue of $981.6 million, beating expectations of $853 million. Revenue jumped 420% year-over-year. However, the company posted a net loss of $314.6 million, up from $129.2 million a year ago, largely due to $177 million in IPO-related stock compensation.
EPS came in at a loss of $1.49.
Q2 revenue is forecast between $1.06 billion and $1.1 billion, above analyst estimates of $986.7 million. Full-year 2025 revenue is expected to reach $4.9–$5.1 billion, implying 363% growth, but will require $20–$23 billion in capital expenditure.
OpenAI signed a five-year deal worth up to $11.9 billion during Q1, followed by a separate $4 billion contract after the quarter ended. Microsoft accounted for 62% of 2024 revenue.
Revenue backlog rose to $25.9 billion, up 63% from the prior quarter, though remaining performance obligation fell slightly to $14.7 billion.
Despite strong numbers, shares fell 7% in extended trading as investors digested the results and complex metrics.
Good to know: Baidu’s robotaxi unit plans Europe expansion. Also, Sony beat expectations and announced a stock buyback of shares worth as much as 250 billion yen and provided details on a partial spinoff of its financial unit.
Lastly, Tesla is reviewing Elon Musk’s compensation after a Delaware court voided his $56 billion 2018 pay deal, with a board committee exploring new stock options and pay structures.
Exciting: AMD has approved an additional $6 billion in share buybacks, sending its stock up 6%. This is on top of $4 billion in previously authorized repurchases.
Elsewhere, Boeing and GE Aerospace secured a $96 billion agreement to sell Qatar Airways up to 210 aircraft, the White House said.
Lastly, U.S. consumers will soon be able to book travel, buy products and secure concert tickets on Perplexity’s chat interface, paying instantly with PayPal or Venmo.
American Eagle withdrew its 2025 guidance and said it was taking $75 million in write-offs related to spring and summer merchandise.
Tencent posted Q1 revenue of 180 billion yuan ($24.97 billion), with domestic gaming up 24%, international gaming rising 23%, and AI-driven ads boosting marketing services revenue by 22%.
Cisco exceeded estimates across the board and issued guidance that was also ahead of Wall Street’s predictions. The network hardware vendor is ahead of its target for artificial intelligence infrastructure orders from big internet companies.
💵 Personal Finance
How to be a day trader - Part XIV
Welcome to the last part of our How to be a Day Trader guide. Make sure to check other issues so you can know all about day trading.
Staying informed is critical for day traders, as news drives intraday price action.
Economic calendars highlight key events like GDP releases or central bank decisions, which spark volatility. Platforms like Bloomberg, Reuters, or free tools like Investing.com provide real-time updates.
Social media, particularly posts on X, offer instant insights from traders and analysts, but verify sources to avoid misinformation.
Focus on high-impact news relevant to your assets—earnings for stocks, geopolitical events for forex, or regulatory updates for crypto.
Set up alerts for breaking news to react swiftly, but avoid trading during initial volatility to reduce slippage.
Integrate news with technical analysis: for example, a positive earnings report may confirm a bullish chart pattern.
Dedicate time daily to review upcoming events and their potential impact. Over time, develop a filter for actionable news versus noise.
By combining timely information with disciplined execution, traders can seize opportunities while navigating the fast-paced market environment effectively.
Here’s a cool video on the topic:
💰 Be a Better Investor
“When money realizes that it is in good hands, it wants to stay and multiply in those hands.”
Think you know stocks?
Pro puts your instincts to the test with our Bull vs Bear AI stock advisor. Plus: exclusive deep dives, smarter tools, and zero fluff.
What did you think of today's newsletter? |
👩🏽⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.