- Morning Download
- Posts
- 🚘 Ford and Palantir surprise
Good morning investors! The stock market took a break after a historical run last week.
Today we cover:
Oil prices are coming down
Earnings (Ford and Palantir)
Day trading guide continues
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📊 Economy and News
Oil hits new lows
U.S. crude futures fell nearly 2% Monday, hitting their lowest level since 2021 after OPEC+ announced a June production increase.
The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes one month after OPEC+ surprised the market by agreeing to boost production in May by the same amount.
April marked oil’s steepest monthly decline since 2021, with fears of a slowdown from rising tariffs and oversupply. Chevron and Exxon also reported weaker Q1 earnings due to lower prices.
Global hits:
Trump orders 100% tariff on foreign-made movies to save ’dying’ Hollywood.
Turkish annual inflation rate reported at 37.9% in April.
Administration offers $1,000 to immigrants who ‘self-deport’.
Just In: Trump signs order to boost domestic drug manufacturing as pharma tariffs loom. In other news, Credit Suisse to pay $511 million for helping U.S. taxpayers hide over $4 billion overseas.
Is Hollywood losing its charm? |
Exciting: Waymo plans to double robotaxi production at Arizona plant by end of 2026. Elsewhere, OpenAI says nonprofit will retain control of company, bowing to outside pressure. Lastly, Hinge Health reported in its updated IPO filing on Monday that its first-quarter revenue rose 50% year-over-year to $123.8 million. While the digital health company continues to move toward its stock market debut, it has yet to disclose a price range for the offering.
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📈 Stocks
S&P 500 5,650.38 (-0.64%)
DJIA 41,218.83 (-0.24%)
NASDAQ 17,844.24(-0.74%)
BRENT CRUDE 60.23 (-1.41%)
* Prices as of May 6th, 12:20 AM UTC
Ford Beats Q1 Estimates but Pulls 2025 Guidance Over Tariff Impact
Ford topped Wall Street’s Q1 expectations but suspended its 2025 outlook due to a projected $2.5 billion hit from new tariffs. The company aims to offset $1 billion of that through cost-cutting and pricing, leaving a $1.5 billion net impact.
Ford flagged risks from supply chain disruptions, future tariffs, and possible retaliation, prompting the withdrawal of its forecast. The hit is smaller than General Motors', partly because Ford imports fewer vehicles.
First-quarter revenue fell 5% year-over-year to $40.7 billion. Adjusted earnings before interest and taxes dropped to $1.02 billion from $2.76 billion a year earlier, while net income slid to $471 million from $1.33 billion.
Its EV unit trimmed losses to $849 million, while commercial and legacy operations saw sharp EBIT declines. Automotive revenue reached $37.42 billion, beating estimates.
Good to know: Warren Buffett delivered more than a 5,000,000% return to investors in his 60+ year run. On the other hand, Trump set to raise millions from crypto and meme coin this month. Lastly, Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%.
Hims & Hers shares fell 5% in extended trading on Monday after the company reported first-quarter earnings that offered soft guidance.
For its second quarter, Hims & Hers said it expected to report revenue between $530 million and $550 million, short of the $564.6 million expected by StreetAccount.
Palantir beats: Palantir reported quarterly results that matched earnings expectations and beat revenue forecasts, but its stock fell about 9% in after-hours trading.
Total revenue rose 39% from $634.3 million a year earlier. Net income doubled to $214 million, or 8 cents per share, from $105.5 million, or 4 cents per share.
The company now expects full-year revenue between $3.89 billion and $3.90 billion, up from its prior forecast of $3.74 billion to $3.76 billion. Current quarter revenue is projected to land between $934 million and $938 million.
The company closed 139 deals worth at least $1 million in the quarter, including 51 over $5 million and 31 above $10 million.
Palantir shares are up 64% this year, outperforming the broader tech sector and leading the S&P 500, boosted by strong defense contracts and favorable government initiatives.
Oh no: Tesla's sales in Spain dropped 36% year-over-year in April, with only 571 units sold. While overall EV sales grew 54%, Tesla's market share shrank as Chinese competitors BYD and MG posted gains of 644% and 80%, respectively.
💵 Personal Finance
How to be a day trader - Part VII
Let’s resume this week’s topic and cover more about day trading;
How to Control Emotions in Day Trading
Day trading is an emotionally intense activity, with rapid market movements and financial stakes triggering stress, fear, and greed. Controlling emotions is critical to making rational decisions and avoiding costly mistakes. Below are strategies to manage emotions effectively.
Develop a Trading Plan
A well-defined trading plan acts as an emotional anchor. Set clear entry and exit points, position sizes, and risk limits before trading. Stick to these rules regardless of market fluctuations or impulses. A plan reduces the temptation to chase losses or deviate during high-pressure moments, fostering discipline.
Practice Risk Management
Limit emotional swings by managing risk. Use stop-loss orders to cap potential losses and avoid over-leveraging, which can amplify stress. Risk only a small percentage of your capital per trade (e.g., 1-2%). Knowing your downside is controlled helps maintain composure during volatile markets.
Cultivate Mindfulness
Mindfulness techniques, like deep breathing or meditation, can calm your mind during trading. Before starting a session, take a moment to focus on your breath and clear distractions. If emotions surge, pause and step away briefly to reset. Staying present prevents impulsive reactions to market noise.
Keep a Trading Journal
Record your trades, including the reasoning and emotions felt during each. Reviewing this journal helps identify emotional triggers, such as fear of missing out or panic after a loss. Over time, you’ll recognize patterns and develop strategies to counteract irrational impulses.
Limit External Noise
Avoid information overload from news, social media, or trading forums, which can fuel anxiety or overconfidence. Focus on your strategy and relevant data. Set specific times to check updates rather than reacting to every headline, keeping your emotions steady.
Accept Losses as Part of Trading
Losses are inevitable in day trading. Reframe them as learning opportunities rather than failures. By accepting that not every trade will win, you reduce emotional attachment to outcomes, making it easier to move forward without dwelling on setbacks.
💰 Be a Better Investor
“Empty pockets never held anyone back. Only empty heads and empty hearts can do that.”
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👩🏽⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.