NEWS
Tech Exemption Brings Second Green Day In A Row

Source: tenor

The market flipped the script and actually stayed up for a second day in a row Monday, after the White House annouced everything computer would get exemptions from tariffs. Apple led the Mag 7 higher as fintwit credited Tim Cook for convincing president Trump to see reason.

The morning started with even better news, that Nvidia would aim to invest $500 billion for AI infrastructure in the U.S. for the next four years. Trump took credit, of course, and said that tech exemptions were only temporary, just in case anyone got any ideas of stepping out of line. 👀

Today’s issue covers Monday’s bullish stock, what top chart makers are saying, and world quantum day. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with real estate (+2.21%) leading and consumer discretionary (+0.29%) lagging.

Source: Finviz

And here are the closing prices: 

IPOs
$BULL Market Behavior In The WeBull IPO 🐂 

WeBull flew Monday after the international retail brokerage went public Friday, April 11th, through a $7.3 billion SPAC merger with blank check firm SK Growth Opportunities.

Shares of Florida-founded and partially Chinese owned firm, a top five retail trading app in the U.S. by users, closed up 374% at $63/share. The stock recorded a market cap of over $30 billion by Monday’s close, but overnight trading saw the price begin to decline.

Source: Stocktwits

The listing went live without fanfare, during a time of elevated market uncertainty and tension toward China. Last Week, Fox Busienss reported the Trump Adminstration might consider delisting Chinese stocks from U.S. exchanges, as a part of their negotiation strategy.

According to CNBC, the firm projected $390 million in 2024 revenue, about the same as the year prior. The IPO was expected in the second half of 2024.

The firm was founded in 2016 by former Alibaba Group Holding and Xiaomi employee Anquan Wang, under Hunan Fumi Information Technology, and received backing from numerous private equity investors from China.

Right after incorporating in the State of Delaware, the firm hired a U.S. CEO, Anthony Denier. Later, in 2020, the firm launched in Hong Kong, after reaching more than 11 million registered accounts.

The brokerage first went into talks to go public with a valuation raise of up to $400M in 2021, according to Bloomberg.

For the past two weeks, tariff volitlity sent the IPO market into standstill, after mega fintechs like Klarna and ticket app Stubhub held back their plans

In the past nine years, the firm expanded to 23 million registered users across more than 15 markets across Asia, Latin America, and Europe.

Denier, speaking to the South China Morning Post from Hong Kong back in August, said the firm aims to establish more than 50% of revenue from outside of the U.S. They want to build an online trading community and “democratise ideas”, Denier said.

Stocktwits users, watching the stock eplode in just two days, by majority felt the stock is set for bullish moves across both the short and long term.

Source: Stocktwits

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INSIGHT
Heard On 33rd Street — Notes from The CMT Spring Summit 🐂 

The botttom might already be in, according to the levels of fear during client calls the past weeks feilded by Tom Lee, Co-Founder and Head of Research at Fundstrat Global Advisors. Even so, Lee said that in general, clients are calling to protect what they already have, not grow.

“Our institutional clients are not interested in making money right now, they are trying to preserve,” Lee said, speaking at the CMT Assosiation Spring Summit on the 74th floor of the MidTown ServiceNow office Monday. People were more bearish now than when they called in ‘09, or during the Covid crash, Lee said.

Mark Newton, Managing Director Funstrat (Left), Tom Lee, Head of Research Fundstrat (Middle) Speakign with Tom Bruni, Editor-in-Chief Stocktwits.
Kevin Travers | Stocktwits

Lee, a long term macro type investor was joined by firm short term investing counterpart Mark Newton, Managing Director and Head of Tech Strategy at Fundstat. Newton pointed to analytical signs he saw in the past months that had pointed to an incoming pullback.

“Why did tech bottom when it did? The ratio of SPY to all countries showed we were underperforming for the past four months compared to the world index” Newton said. “I do not think we are going into a big bear market this year, nor are we going into a recession. But we have get above 5,500 on the SPX. If we don’t go up high enough by July and August, then yes, we are going into a bear market.”

Newton said he saw some good signs this week of rebuilding on tested lows, and expects the market to move sideways for a while, but in June, he expects clear standout growth led by tech, and fiancial firms— if he does not see that, he expects a retest of lows.

Lee said unlike previous drawdowns, market fear is led by the fact one person is making the policy, but that is exactly why he is bullish.

Jay Woods, Chief Global Strategist for Freedom Capital Markets, took the stage afterwards, and gave out some signals he was looking for when it came to short term buying. He spoke with Katie Stockton, Founder and Managing Partner at Fairlead Strategies, Frank Cappelleri, Founder and President of CappThesis, and moderator Jess Menton, Senior Equities Reporter at Bloomberg.

He said it was a great market for short term trading, even if the long term environement looked tough.

“If you are sitting in front of your screens right now, there are so many opportunities of stocks that got washed out,” Woods said. “Look, when you see opportunities like this, it’s scary for your 401k. But those under the 200-day moving average, especially those 10% under the average, they can turn around quickly.” 🤩 

STOCKS
Other Noteworthy Pops & Drops 📋️ 

Cara Therapeutics ($CARA +13%): Announced a 1-for-3 reverse stock split, set to take effect Wednesday under the new ticker “TVRD” following its merger with Tvardi Therapeutics. Post-merger, current Cara shareholders will own about 17% of the combined entity.

Novo Nordisk ($NVO +2%): Novo Nordisk warned consumers of counterfeit Ozempic injections circulating in the U.S., urging pharmacies and patients to remain vigilant. This comes as the FDA investigates seized fake products carrying unauthorized serial numbers.

General Motors ($GM +3%): Deutsche Bank downgraded GM to ‘Hold,’ citing severe long-term impacts from tariffs forcing costly onshoring and predicting strong opposition from labor unions. The analyst lowered the price target from $58 to $43.

Meta ($META -2%): The FTC’s antitrust lawsuit over its acquisitions of Instagram and WhatsApp begins today, with the agency hoping to force divestitures. Meta slammed the lawsuit as unrealistic, arguing its real competitors include TikTok, YouTube, and X.

Amgen ($AMGN +3%): Sandoz filed an antitrust lawsuit, accusing the pharma giant of unlawfully blocking competition to its inflammation drug Enbrel. It seeks damages and an injunction to immediately launch its biosimilar, Erelzi, approved since 2016.

JD.com ($JD +5%): The Chinese e-commerce giant launched a $27.35 billion fund to help domestic exporters affected by escalating U.S. tariffs sell their goods locally. Alibaba’s Freshippo and other major retailers rolled out similar initiatives to support local sellers amid soaring tariff pressures.

STOCKS
Celebrating World Quantum Computing Day 🤖 

We’re celebrating “World Quantum Computing Day,” which seeks to boost understanding and appreciation of quantum science and technology. To this end, we’re asking the Stocktwits community for their best investment ideas in the space.

We have a great list of ideas in the thread below; add yours to win Stockwits Edge. 👇️ 

Source: Stocktwits

It’s also a good time to resurface our Stocktwits Exclusive Interview with IonQ CEO Niccolo de Masi, in which he shares what you need to know about the emerging industry. Give it a listen down below! 👀 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Import/Export Prices (8:30 am), NY Empire State Manufacturing (8:30 am), Fed Barkin Speech (11:35 am), Fed Cook Speech (7:10 pm). 📊

Pre-Market Earnings: Bank of America ($BAC), Citigroup ($C), Rent The Runway ($RENT), Johnson & Johnson ($JNJ), Ericsson ($ERIC), PNC Financial ($PNC). 🛏️

After-Hour Earnings: Interactive Brokers ($IBKR), United Airlines ($UAL). 🎧

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 🌐

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🕹️ “Major” Nintendo supplier warns Nintendo Switch 2 will be subject to 145% US tariffs

🚀 Blue Origin crew safely back on Earth after all-female space flight

🤖 Apple to Analyze User Data on Devices to Bolster AI Technology

🛞 OpenAI’s new GPT-4.1 AI models focus on coding

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

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