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NEWS
A Monday Of Momentum

Source: Tenor

The U.S stock market found some momentum, opening higher and continuing to drift higher throughout the day. Beaten-down stocks caught a major bid alongside big tech on reports that Trump’s tariffs will be less severe than anticipated. Traders continue to scour for setups to make the best of this newfound momentum. 👀 

Today’s issue covers investors preparing for two hot listings, several popular stocks on the move, and more from a long day on Wall Street. 📰

Here’s the S&P 500 heatmap. 10 of 11 sectors closed green, with consumer discretionary (+3.46%) leading and utilities (-0.74%) lagging.

Source: Finviz

And here are the closing prices: 

COMPANY NEWS
Goodbye 23andMe, Hello CoreWeave & eToro 👀 

While the broader market rebounds, investors prepare to say goodbye to one stock and meet two new ones. 🤔 

The genetic testing company 23andMe filed for Chapter 11 bankruptcy protection on Sunday night, with co-founder and CEO Anne Wojcicki resigning from her role immediately (but staying on the board of directors).

Shares fell 60% on the news, with Stocktwits sentiment falling into ‘extremely bearish’ territory. Even short squeeze hopefuls have seemingly moved on. 😢 

With 23andMe falling off the radar, investors are looking to Friday’s IPO of Nvidia-backed CoreWeave. The Nvidia-backed AI hyperscaler saw 700% revenue growth in 2024, and is looking to raise up to $2.7 billion on Friday.

This is the market’s first major tech IPO this year and will be heavily watched. We’ll cover the stock all week across our channels, with price prediction contests, polls, video debates, and more. Add $CRWV to your watchlist to keep up with all the action leading up to the IPO live stream happening on Friday. 🤖 

A current Stocktwits poll shows roughly 50% of users are optimistic about $CRWV.

Lastly, retail brokerage eToro filed its F-1 today with the SEC, preparing to come public as well. You can keep on top of all the developments by following ticker symbol $ETOR on Stocktwits. 🧭 

SPONSORED
The Best Bargain in Crypto – Here’s Why Institutions Are Buying

Markets are a roller coaster with Trump’s policies fueling uncertainty, but history proves volatility breeds opportunity.

While crypto has lost $1T in market cap, DeFi Technologies (OTC: DEFTF) still holds $750M in AUM—proving demand remains strong. Last month alone, they attracted $11.4M in net inflows, marking their 4th consecutive month of 8-figure investments.

See Why DeFi Tech is the Smartest Crypto Play Right Now

📉 Crypto down $1T, yet inflows are accelerating

💰 $98.6M invested in DeFi Tech in just 4 months

🌎 Global expansion into Asia, Africa, and the Middle East

 🔥 Institutional-grade crypto products with 8-figure monthly inflows

Major Holdings (Staked & Growing):

• Bitcoin (BTC) – $223M AUM

• Solana (SOL) – $227M AUM

• Cardano (ADA) – $63M AUM

• XRP, ETH, SUI, DOT, AVAX – $121M+ AUM combined

Even in turbulent markets, institutions continue to bet big on DeFi Technologies.

Are you positioned before the next breakout?

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. 

STOCKS
Other Noteworthy Pops & Drops 📋️ 

Novo Nordisk ($NVO -2%): Exclusive license agreement worth up to $2 billion with China-based United Biotechnology (Hengqin) Co. for a drug used to treat obesity, type 2 diabetes, and other diseases.

Dun & Bradstreet Holdings ($DNB +3%): Clearlake Capital Group, LP said it would acquire the company in a $7.7 billion transaction, including outstanding debt.

Air Lease Corp. ($AL +5%): The company disclosed it received an aggregate of $328.5 million in cash insurance settlement proceeds to recover losses relating to aircraft detained in Russia.

Steel Dynamics ($STLD +3%): The steel company and its peer Nucor ($NUE +4%): were upgraded by UBS from ‘Neutral’ to ‘Buy’, citing stronger-than-expected tariff protections for U.S. steel and aluminum.

BYD Co. ($BYDDF +5%): The Chinese automaker posted better-than-expected results, with 29% YoY revenue growth and a 41% rise in full-year vehicles delivered.

Generac Holdings ($GNRC +5%): Bank of America reinstated its coverage on the stock with a ‘Buy’ rating and $182 price target, noting it as a “leading manufacturer of backup power.” With 75% market share, analysts say it is well positioned to benefit from worsening grid reliability and increasingly severe weather disasters.

Riot Platforms ($RIOT +8%): Announced a term sheet for acquiring certain assets from Rhodium Encore in a $185 million deal (both cash and stock).

Strategy ($MSTR +9%): Rebounded alongside the crypto and stock markets, with the company also disclosing the purchase of 6,911 more Bitcoin.

Intuitive Machines ($LUNR +31%): Revenue rose 79% YoY but fell short of estimates, while its operating loss nearly doubled from a year ago. Still, bulls looked at the progress positively, citing a strong balance sheet and top-line momentum.

PRESENTED BY STOCKTWITS
ICYMI: Sunday Outlook With Brian Shannon 👀 

Yesterday we debuted a new show format with pro trader and Stocktwits user Brian Shannon (@alphatrends), and it was an instant hit! 🤩 

He’ll be live on Sundays at 8 pm ET to help you prepare for the trading week ahead. He covers the overall market breakdown, trading lessons using the anchored VWAP, stock and sector insights, plus Brian’s exact trade plans and chart reviews.

If you’re serious about trading, there’s no better way to prepare than a little Sunday night studying. Catch the replay and join us live at 8 pm ET next Sunday. 📆 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Fed Kugler Speech (8:40 am), S&P/Case-Shiller Home Prices (9 am), Fed Williams Speech (9:05 am), CB Consumer Confidence (10 am), New Home Sales (10 am), Richmond Fed Manufacturing (10 am). 📊

Pre-Market Earnings: Rumble ($RUM), Atossa Therapeutics ($ATOS), Cormedix ($CRMD), Verb Tech ($VERB), Canadian Solar ($CSIQ). 🛏️

After-Hour Earnings: GameStop ($GME), Corvus Pharma ($CRVS), CarParts.com ($PRTS), PaySign ($PAYS), Worthington Enterprises ($WOR). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

🧑‍🏫 MarketSurge extended access sale: sign up now and save $125 for a limited time*

🏭️ Hyundai announces a $20 billion investment in the United States

🪙 Trump Media shares jump on announcement of ETF deal with Crypto.com

🍦 Dairy Queen has 85-cent Blizzards for 2 weeks just in time to try their summer menu

💊 Eli Lilly will soon release key data on its weight loss pill. Here’s why it could be a game-changer

🏀 Berkshire Hathaway employee wins $1 million in Warren Buffett’s March Madness bracket challenge

🧑‍⚖️ Georgia jury orders Monsanto parent to pay nearly $2.1 billion in Roundup weedkiller lawsuit

✈️ United Airlines is raising annual fees for lounges and rewards credit cards. Here’s what you need to know

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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