💴 Trump's in no hurry

and big earnings

Good morning investors! Stocks slipped Tuesday after mixed comment from administration and CEOs. Scheduled to meet today, the Fed is expected to hold interest rates steady.

Today we cover:

  • Trump in no hurry

  • Big earnings

  • How to be a day trader guide continues

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📊 Economy and News 

Trump Downplays Urgency of Trade Deals Amid Ongoing Negotiations

President Donald Trump on Tuesday stated that the United States does not necessarily need to sign trade deals, a comment that contrasted with previous messages from top administration officials who have emphasized the importance of such agreements.

Speaking during a White House meeting with Canadian Prime Minister Mark Carney, Trump remarked, “We don’t have to sign deals, they have to sign deals with us,” noting that foreign partners are more eager to access the U.S. market than the other way around.

The comments followed weeks of administration statements suggesting that several trade deals were in the works.

Treasury Secretary Scott Bessent said Monday the U.S. was “very close to some deals,” while Trump himself said over the weekend that trade agreements “could very well” be announced soon. We know that 17 countries have submitted initial drafts to the U.S., which are currently under review. tariffs.

Trump also mentioned potential deals with India, South Korea, and Japan, adding that talks with India were progressing well and could result in an agreement.

This comes at a time when companies are planning ahead. In fact, the US trade deficit hit a record $140.5B in March as firms ramped up imports before Trump’s tariffs. Imports surged 4.4%, with pharmaceuticals spiking 71% to $50.4B, while exports grew only 0.2%.

Global hits:

Check this: U.S. oil production has likely peaked and will start to decline due to price plunge, Diamondback CEO warns.

Also, the administration is set to garnish the wages of the 5.3 million federal student loan borrowers in default in just a few months. Meanwhile, it began this week alerting around 195,000 defaulted borrowers that their federal benefits will be subject to garnishment in 30 days.

Worrisome: Billionaire hedge fund manager Paul Tudor Jones said that stocks are bound to hit new lows even if President Donald Trump tones down his aggressive tariffs on China. Lastly, the EU plans to levy euro 100 billion+ in tariffs on US goods if negotiations fail.

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📈 Stocks

S&P 500 5,606.91 (-0.77%)
DJIA 40,829.00 (-0.95%)
NASDAQ 17,689.66 (-0.87%)
BRENT CRUDE 62.03 (+2.99%)
* Prices as of May 7th, 12:20 AM UTC

Doordash Eyes Global Expansion with $5.1 Billion in Acquisitions Despite Revenue Miss

Doordash announced two major acquisitions totaling $5.1 billion, even as its first-quarter revenue slightly missed Wall Street expectations.

The delivery giant revealed it will acquire New York-based restaurant reservation platform SevenRooms for $1.2 billion in cash and has also agreed to purchase British food delivery firm Deliveroo in a deal valued at $3.9 billion.

The market reacted negatively to the news, with Doordash shares falling 5%.

Earnings Beat, But Revenue Falls Short

For the first quarter of 2025, Doordash reported net income of $193 million, or 44 cents per share—beating analysts’ estimates of 39 cents. However, revenue came in at $3.03 billion, just under the expected $3.09 billion. Still, the figure represents a 21% increase from the same period a year ago.

Total orders rose 18% year-over-year to 732 million, slightly below StreetAccount’s forecast of 732.7 million.

While Doordash did not cite tariffs in its financial outlook, it acknowledged growing exposure to “geopolitical and currency risks” as it ramps up its global footprint.

Tesla keeps losing share: Tesla’s new car sales plunged in April, dropping 62% in the UK and 46% in Germany to multi-year lows, even as demand for electric vehicles rose in both countries.

Germany saw just 885 Teslas sold, while UK sales fell to 512 units—down from 1,352 a year earlier.

The declines dragged Tesla’s UK EV market share to 9.3%, from 12.5% last year. Meanwhile, rivals surged: Volkswagen’s UK EV sales jumped 194%, and BYD’s soared 311%.

Tesla hopes to recover with a refreshed Model Y launching in June, but results may take months to materialize. The drop follows weak Q1 earnings and rising competition from European and Chinese brands.

Good to know: Amazon’s Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month. Elsewhere, retail investors invested over $24 million in Berkshire Hathaway’s Class B shares on Monday, signaling that the stock’s appeal extends beyond Warren Buffett’s legacy and showing strong support for incoming CEO Greg Abel.

More earnings:

  • Advanced Micro Devices beat Wall Street forecasts for the first quarter, reporting adjusted earnings of 96 cents per share on $7.44 billion in revenue, ahead of estimates of 94 cents and $7.13 billion, respectively.

    The stock initially rose 4% in after-hours trading but slipped under 1% after the company flagged challenges tied to U.S. AI chip export controls.

    For the current quarter, AMD projects $7.4 billion in sales with a 43% gross margin, slightly above forecasts. However, it warned of $700 million in lost revenue from continued export restrictions, totaling $1.5 billion through Q3.

  • Super Micro reported Q3 results that missed expectations, confirming earlier preliminary figures. Adjusted earnings were 31 cents per share on $4.6 billion in revenue, below estimates of 50 cents and $5.42 billion. The stock fell about 4% in after-hours trading, after already dropping 12% last week when the company first warned of weaker results. Super Micro also issued a Q4 forecast that came in below analyst expectations, further pressuring sentiment.

  • Electronic Arts posted stronger-than-expected fiscal fourth-quarter earnings. The video game maker said it expects bookings to range between $7.60 billion and $8 billion for fiscal 2026. CEO Andrew Wilson said EA’s FC and College Football games contributed to a strong year of bookings.

  • Luxury carmaker Ferrari reported a significant upswing in first-quarter profit, citing robust demand for personalized vehicles. The Maranello, Italy-based sports car manufacturer posted net profit of 412 million euros ($466.3 million) for the first three months of the year, reflecting a 17% increase from the same period last year. Looking ahead, Ferrari warned that the introduction of U.S. tariffs on EU cars imported into the U.S. could negatively impact the firm's profitability this year.

💵 Personal Finance

How to be a day trader - Part VIII

Day trading can be lucrative but is fraught with pitfalls that can lead to significant losses. Here are key mistakes to avoid.

Overtrading: Many traders execute too many trades, driven by emotion or overconfidence, racking up high transaction fees and diluting focus. Stick to a disciplined strategy with clear entry and exit criteria, limiting trades to high-probability setups.

Ignoring Risk Management: Failing to set stop-loss orders or risking too much capital on a single trade is a recipe for disaster. Never risk more than 1-2% of your account per trade, and always use stop-losses to cap losses.

Chasing Trends: Jumping into a stock because it’s soaring without understanding the catalyst often leads to buying at peaks. Research the fundamentals and technicals before entering, ensuring trades align with your strategy.

Lack of a Plan: Trading without a well-defined strategy is gambling. Develop a plan outlining your goals, risk tolerance, and specific setups. Review and refine it regularly based on performance.

Emotional Trading: Fear or greed can cloud judgment, leading to impulsive decisions like holding losing positions too long or exiting winners too early. Stay calm, follow your plan, and avoid trading during high-stress periods.

Neglecting Education: Markets evolve, and assuming you know enough can be costly. Continuously study technical analysis, market news, and trading psychology to stay sharp.

Overleveraging: Using excessive margin amplifies gains but also losses. Leverage cautiously, ensuring you can absorb potential downturns without wiping out your account.

Ignoring Market Conditions: Trading the same way in all markets—bull, bear, or volatile—can lead to losses. Adapt your strategy to current trends and volatility levels.

Failing to Review Trades: Not analyzing past trades means missing lessons. Keep a trading journal to track decisions, outcomes, and areas for improvement.

By avoiding these mistakes, you can enhance your discipline, reduce losses, and improve your chances of consistent profitability in day trading.

💰 Be a Better Investor

"Never spend your money before you have it."

Thomas Jefferson

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Nothing in this newsletter is financial advice. Always do your own research and think for yourself.