The Worst Month/Quarter Since 2022
NEWS
The Worst Month/Quarter Since 2022
Source: Tenor
Stocks battled back to close out the quarter on a high note, but that was not enough to erase the last thirteen weeks of turbulence. The major indexes posted their worst quarterly performance since 2022 as stagflation concerns, geopolitical uncertainty, and inflation fears all weigh on sentiment. Meanwhile, the April 2nd tariff deadline quickly approaches. 👀
Today’s issue covers a quarterly performance recap, the latest M&A deals, Newsmax going max bid during its IPO, Strategy snagging more Bitcoin, and more from a momentum-filled Monday. 📰
Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with consumer staples (+1.56%) leading and technology (+0.15%) lagging.
Source: Finviz
And here are the closing prices:
|
S&P 500 |
5,612 |
+0.55% |
|
Nasdaq |
17,299 |
-0.14% |
|
Russell 2000 |
2,012 |
-0.56% |
|
Dow Jones |
42,002 |
+1.00% |
STOCKS
Momentum & M&A Overshadow The Mayhem 😬
It was a solid Monday in the market, but it capped off a lackluster month and overall first quarter of 2025. The Nasdaq 100 recorded its worst quarterly loss since early 2022, falling over 8% in just the second down quarter in the last nine. 📉
Tech and consumer discretionary led the downside this quarter, both falling by double digits. Notably, communication services and industrials were the only other sectors down, and by less than a quarter of one percent. Energy led the way, rising nearly 10%, while defensive areas like healthcare, utilities, and consumer staples benefited from investors seeking safety from uncertainty. 🛡️
Source; Tradingview
Fintech platform Rocket Companies is back on the hunt, just weeks after purchasing Redfin. It’s now looking for a much bigger whale, acquiring Mr. Cooper Group in an all-stock transaction valued at $9.4 billion. 🚀
The combined servicing portfolio will exceed $2.1 trillion in unpaid principal balance, or one in every six mortgages in America. It’ll also gain an understanding of nearly seven million additional clients and 150 million annual customer interactions.
LPL Financial Holdings announced a $2.7 billion all-cash acquisition of Commonwealth Financial Network. LPL Financial CEO Rich Steinmeier said that the acquisition complements LPL’s client-centric culture, and its service philosophy enhances the value collectively brought to all advisors across the LPL network. 💸
SPONSORED
Elon Dreams, Mode Mobile Delivers
As Elon Musk said, “Apple used to really bring out products that would blow people’s minds.”
Thankfully, a new smartphone company is stepping up to deliver the mind-blowing moments we’ve been missing.
Turning smartphones from an expense into an income stream, Mode has helped users earn an eye-popping $325M+ and seen an astonishing 32,481% revenue growth rate over three years.
They’ve just been granted the stock ticker $MODE by the Nasdaq, and you can still make an investment in their pre-IPO offering.
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
IPOS
Newsmax Gets Max Bid 🤯
Conservative cable news network Newsmax debuted on the New York Stock Exchange (NYSE), raising $75 million through the sale of 7.5 million shares at $10 per share. The pure-play TV network IPO is a rarity in the U.S., especially in the age of media conglomerates diversifying their operations across opportunities. 📺️
Unlike CoreWeave’s lackluster start on Friday, the smaller float and current cultural zeitgeist combined to create a blockbuster start to trading, with shares soaring over $100 in today’s after-hours session. That values the company at nearly $9 billion.
Like other Trump-related stocks, Newsmax’s business fundamentals still leave investors with many questions. The 10-year-old cable network has managed to snag the fourth spot behind Fox News, MSNBC, and CNN in the Nielsen ratings, but it would need to nearly 10x its audience to reach Fox’s levels. 📊
Some investors have more confidence in it getting there than others. Our current poll on Stocktwits suggests more than half of respondents are looking to bet against the stock, while another 14% after avoiding it altogether. Still, a third are betting more upside, either as a trade or investment.
Source: Stocktwits
Meanwhile, CoreWeave fell another 7% on its second day of trading. It doesn’t have the same support (or capital structure) to drive such a strong debut, even as AI funding continues to hit record levels.
On that note, OpenAI just closed a $40 billion funding round, marking the largest private tech deal on record, valuing it at $300 billion post-money. Plus, SoftBank is back in the game… pitching in $30 billion. Let’s hope their timing is better than during the last cycle. 🤑
SPONSORED
Get expert market guidance LIVE – at the MoneyShow Masters Symposium Dallas
Looking for guidance AND actionable recommendations in this volatile market? Then join the nation’s top financial experts…at the 2025 MoneyShow Masters Symposium Dallas!
From April 4-5 at the Hilton DFW Lakes, you will…
* Learn about the latest investing strategies and profit opportunities from experts like Keith Fitz-Gerald, Mark Mahaney, Jim Bianco, Louis Navellier, Erin Gibbs, Mish Schneider, John Carter, Jerremy Newsome, and dozens more.
* Listen in as President Trump’s Envoy for Special Missions Richard Grenell delivers timely and actionable remarks on Washington policy and geopolitics…
* Watch as Charles Payne broadcasts his hit show Fox Business’ Making Money with Charles Payne LIVE from the event…
Plus, so much more. It all starts April 4. Click HERE to register – and we’ll see you in Dallas soon!
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
STOCKS
Other Noteworthy Pops & Drops 📋️
FTC Solar ($FTCI +13%): The provider of solar tracker systems, technology, software, and engineering services’ Q4 revenue topped estimates, but losses came in wider than estimated. CEO Yann Brandt has focused on shoring up its near-term backlog.
Loar Holdings ($LOAR +7%): The niche aerospace and defense components manufacturer reported strong fourth-quarter revenue and raised its full-year outlook.
Forge Global Holdings ($FRGE -10%): Announced that its Board of Directors approved a 1-for-15 reverse stock split of its common stock effective April 14, 2025.
Arm Holdings ($ARM -2%): The company expects its share of the global data center central processing unit (CPU) market to climb to 50% by the end of 2025, up from 15% in 2024. Mohamed Awad, Arm’s infrastructure chief, told Reuters that the rapid expansion of AI is fueling the surge in Arm’s data center presence.
United Airlines ($UAL -2%): The Federal Aviation Administration (FAA) approved its first Starlink-equipped aircraft type with the first commercial flight planned for May.
Corcept Therapeutics ($CORT +110%): The company’s Phase 3 trial for ROSELLA Phase 3 showed positive results for its ovarian cancer treatment.
GlobalFoundries ($GFS +0.03%): A report from Nikkei Asia suggested that the company is exploring a merger with United Microelectronics Corp. (UMC), Taiwan’s second-largest contract chipmaker.
PVH Corp. ($PVH +18%): Fourth-quarter revenue fell 5% YoY but still topped guidance, with earnings also surprising. Its 2025 outlook was better than feared, projecting revenue to be flat to slightly increasing, and management is planning another $500 million in accelerated share repurchases during 2025.
PRESENTED BY STOCKTWITS
Two Personalities Collide Tomorrow at 9 am ET! 🤩
Hosts from “Daily Rip Live” and “The Weekend Rip” are coming together tomorrow to talk about the latest market trends and get you set up for the trading day. Join Ben Cahn and Katie Perry for a fun-filled morning stream at 9 am ET. 🥳
CRYPTO
Strategy Makes A Massive Bitcoin Purchase 🪙
Strategy is proving wrong those who thought it would only buy Bitcoin at its highs (because that’s when it’s easiest to raise capital). With Bitcoin still over 30% off its highs, Strategy acquired 22,028 Bitcoin for roughly $1.9 billion last week.
That brings its total holdings to 528,165 Bitcoin, or roughly 2.5% of the available supply. On top of that, Chairman Michael Saylor continues to beat the bullish drum, calling Bitcoin a future $200 trillion asset class. Despite that, Stocktwits sentiment remains in ‘bearish’ territory as investors await the next major catalyst. 🐻
Source: Stocktwits
Bitcoin miner MARA Holdings fell 8% after announcing plans to sell up to $2 billion in stock to acquire more Bitcoin. Unlike Strategy, which has gone all in on its Bitcoin bet, other companies taking a similar approach have received mixed reception. 😐️
On that note, Hut 8 popped then dropped after announcing the launch of a new subsidiary, American Bitcoin. The venture, focused on large-scale Bitcoin mining and strategic Bitcoin reserves, also named Eric Trump its chief strategy officer. 🫡
WHAT’S ON DECK
Tomorrow’s Top Things 📋
Economic data: Australia Rate Decision (12:30 am), ISM Manufacturing PMI (10 am), JOLTs Job Openings (10 am), ISM Manufacturing Employment (10 am), RCM/TIPP Economic Optimism (10:10 am), Dallas Fed Services (10:30 am). 📊
Pre-Market Earnings: Novagold Resource ($NG), Evaxion Biotech ($EVAX). 🛏️
After-Hour Earnings: Sportsman’s Warehouse ($SPWH), Nicino ($NCNO). 🎧
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 🌐
🌱 Ready to grow your portfolio? Spring into action with help from IBD Digital and save $65+*
🧑💼 Primark boss quits after complaint about behaviour
😱 The s-word rippling through Wall Street and Main Street
🫥 Elon Musk and Taylor Swift can now hide details of their private jets
⚠️ BlackRock CEO Larry Fink says protectionism ‘has returned with force’
🍜 Popular Japanese restaurant chain to shut 2,000 branches after rat found in soup
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
Get In Touch 📬
Follow our social channels for great, real-time content on Stocktwits and Twitter. And check out our YouTube channel for in-depth video content! 📲
Help us deliver the best content possible by completing this brief survey. 📝
Email me (Tom Bruni) your feedback; I’d love to hear from you. 📧
Want to sponsor this newsletter and reach hundreds of thousands of passionate investors and traders? Reach us here.
Terms & Conditions 📝
Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋
