Giddyup Bounty Hunters 🤠
PRESENTED BY
NEWS
Giddyup Bounty Hunters 🤠
Dog The Bounty Hunter – Giphy
The market climbed Thursday, as uneven retail earnings met with warnings from Powell that rates might not reach 0% any time soon. Coinbase faced a hack and called a bounty hunt, Walmart warned they were raising prices, and Jamie Dimon said recession might still be on the table. 👀
Today’s issue covers: Yeehaw! Get Ready For A Coinbase Crypto Hacker Round-Up! Macro Looks Fine, But Fed Is Fed Up and More. 📰
CLOSING BELL
With the final numbers for indexes and the ETFs that track them, 6 of 11 sectors closed green, with health care $XLV ( ▲ 0.84% ) leading and discretionary $XLY ( ▲ 0.59% ) lagging.
S&P 500 Map finviz
S&P 500 $SPY ( ▲ 0.18% ) 5,917
Nasdaq 100 $QQQ ( ▲ 0.08% ) 21,336
Russell 2000 $IWM ( ▲ 0.34% ) 2,095
Dow Jones $DIA ( ▼ 0.01% ) 42,323
STOCKS
Yeehaw! Get Ready For A Crypto Hacker Round Up! 🪢
Right after enjoying a win after snagging the much lauded S&P 500 listing spot, Coinbase shares fell early Wednesday after disclosing a security breach. Hackers bribed their way into the possession of Coinbase customer data and demanded $20M from the firm to delete it. They had access to names, addresses, government-issued IDs, and even BANKING DETAILS.
A Bloomberg report said the hackers basically had open access to client data for months. Don’t worry, though crypto bro: the attack exposed sensitive user data, though the firm claims no passwords or private keys were compromised.
$COIN ( ▲ 7.41% ) rejected a $20 million ransom demand issued this Sunday, and instead launched a $20 million reward fund for tips leading to the attackers’ prosecution. The breach affected less than 1% of monthly transacting users, but Coinbase said it might cost $400M.
In a double hammy, the firm also faced allegations from the SEC that it had misrepresented its verified user counts. It was not the only multi-year SEC case against the firm: one was dropped after Trump took office, which alleged that they had sold securities illegally.
This other case revolves around their user count. Before the firm went public, it calculated 100M users with email address accounts, not verified traders. The firm said this allegation is old news, and they already said sorry, and changed the user numbers (after clearing $86B in valuation during their IPO).
@brian_armstrong, CEO at Coinbase on twitter posting a bounty like he lives in a video game
SPONSORED
A ‘Tsunami’ Is Hitting the Sports World
A tsunami of cash—the surf park industry is projected to reach $5.5B by 2030. Since surfing debuted in the 2020 Olympics, interest has surged, and so has the rise of surf parks. More people are seeking active, outdoor experiences, and one company is carving a path to dominate the market.
Not only is Surf Lakes opening its own surf parks, but it’s also patented the technology behind the waves. This gives Surf Lakes the ability to license its tech to other parks, in addition to revenue streams like memberships, surf lessons, rentals, merchandise, and more.
Their system creates over 2,000 surfable rides per hour across multiple skill levels at once. With 9 licenses already sold, support from world surf champ Mark Occhilupo, and fans like actor Chris Hemsworth, Surf Lakes is gaining global traction. Investors now have a rare opportunity to get in early before the next wave hits.
This is a paid advertisement for Surf Lakes’ Regulation CF offering. Please read the offering circular at https://invest.surflakes.com/ *3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
…EXCEPT DEATH AND TAXES
Macro Looks Fine, But Fed Is Fed Up 🥇
Fed Chair Jerome Powell said Thursday morning that the Federal Reserve is reviewing its monetary policy framework, which was last updated in 2020. He said longer-term rates are likely higher in general as the economy changes. Zero % rates are likely a thing of the past, he said. 🪦
“We may be entering a period of more frequent, potentially more persistent, supply shocks,” he said. “A difficult challenge for the economy and for central banks.”
The Fed aims to complete the review by the end of the summer.
U.S. producer prices fell 0.5% in April, marking the sharpest monthly decline since April 2020. The drop was driven by a 0.7% decrease in service prices, particularly in wholesale trade margins. Core PPI, which excludes food and energy, edged down 0.1%, the first decline since 2020. The data suggests easing inflation pressures, which could influence Federal Reserve policy decisions.
On the consumer side, retail sales data showed that sales climbed 0.1% in April, not as much as hoped. Meanwhile, Philly and NY State Manufacturing numbers showed declines in production. Still, freight shipping firm Hapag-Lloyd said container bookings from China to the U.S. jumped 50% this week after Trump’s pause.
Federal Reserve Chair Jerome Powell speaks at the Thomas Laubach Research Conference held by the Federal Reserve Board of Governors on May 15, 2025, in Washington, DC. | Andrew Harnik | Getty Images
STOCKS
Pops & Drops From Stocktwits News 📋️
Walmart $WMT ( ▲ 1.88% ) reported Q1 revenue of $165.6B, up 2.5% YoY, with EPS of $0.61 beating estimates of $0.58. Despite reaffirming full-year guidance, the retailer withheld Q2 profit forecasts. The firm’s e-commerce sales actually made money in and out of the U.S. The retailer said if tariffs stay low, their prior guidance will come true, but they will raise their prices when tariffs rise. If the largest retailer in the U.S. (or second largest) is raising prices, you better bet everyone else is as well.
Alibaba $BABA ( ▲ 0.71% ) reported Q4 revenue of $32.79 billion, falling short of analyst estimates of $33.08 billion. The company cited weak consumer spending and intensified price competition in China’s e-commerce market as key challenges. Despite the revenue miss, Alibaba’s cloud unit grew 18% year-over-year, and its international commerce segment expanded 22%.
Foot Locker $FL ( ▼ 0.25% ) knocked investor socks off on M&A News. Dick’s Sporting Goods fell after annoucing it will buy the shoe francise for $2.3B at $24 per share, which was twice the going rate for shares at Wednesdays close. The deal comes as Foot Locker faces pressure from Trump-era tariffs and shifting sales strategies by major brands like Nike.
Cisco Systems $CSCO ( ▼ 1.31% ) surged after reporting Q3 revenue of $14.15B, beating estimates of $14.00B, with EPS of $0.96 exceeding the expected $0.92. Wells Fargo upgraded the stock to Overweight, citing strong AI-driven demand and sovereign AI initiatives, while JP Morgan and Piper Sandler raised price targets following Cisco’s $600M AI order growth.
Fiserve $FI ( ▲ 4.25% ) ripped lower after the firm’s CFO Bob Hau said their Clover sales software is going to grow as much in Q2 as it did in Q1. The Street wanted to see double-digit growth, or at least more than the 8% from the past three months.
United Health $UNH ( ▼ 1.23% ) fell after the firm came under more fire: the Wall Street Journal reported the Department of Justice was investigating alleged fraud within UNH’s Medicare Advantage business. WSJ reported last year that Unite Health overdiagnosed patients to rake in billions in payouts from the Medicare program. UNH denied the claims, and the stock ripped the Dow lower.
Apple $AAPL ( ▼ 0.5% ) came under a different type of ire- President Trump complained during his public comments in Qatar that the firm was moving production to the wrong place. Trump was discussing India tariffs and said he had asked Apple CEO Tim Cook not to make iPhones there.
“I had a little problem with Tim Cook yesterday. I said to him, Tim, you’re my friend. You’re coming here with $500 billion, but now here you are building all over India,” Trump said in Qatar.
$AMAT ( ▼ 6.19% ) shares fell after the bell, reporting semiconductor sales below estimates, with revenue of $7.1B below estimates for $7.13B.
$SPCE ( ▲ 69.7% ) shares flew into… space after the aerospace firm reported a loss of ($2.38)/share, better than estimated, and sales nearly double estimates at $461k.
$TTWO ( ▼ 1.34% ), the GTA maker that delays GTA games, fell after giving weak guidance for the coming year.
$CAVA ( ▼ 5.25% ) reported salad sales that grew profit $11M YoY, and an EPS that beat expectations. Same store sales were up 11%, and the firm upped it’s guidance.
PRESENTED BY STOCKTWITS
WATCH: An Interview With The Founders Of eToro
Want to understand what makes eToro different and how its founders shaped a global investing powerhouse?
🔹 The Assia family’s journey from childhood investing lessons to taking eToro public.
🔹 How eToro’s social trading model is changing the brokerage game.
🔹 AI-powered investing—why eToro is positioning itself as the “Spotify for investing.”
This isn’t just another fintech story—it’s a generational milestone that could reshape the investing landscape.
📱 Future Vision: eToro sees itself evolving into a financial lifestyle app powered by AI, ready to serve the upcoming $84T wealth transfer.
🏛️ Regulated Digital Assets: Early in Bitcoin, eToro now sees regulated tokenized funds trading 24/7 as the future.
“Emotional and proud” – how Chairman David Assia described eToro’s IPO, led by his sons, cofounders Yoni Assia, Ronen Assia. “It’s the beginning of a new, exciting start… now, work harder.”
Links That Don’t Suck 🌐
💲 Secure Your Investment In An Adobe-Backed AI Startup That Grew from $5M to $85M In Three Years Partnering with Top Brands *
🥇 Bitcoin Is Starting To Outperform Gold: JPMorgan
🏠️ Smart Money Loses to Retail Crowd That Bet on Stock Rebound
👀 Feds order ground stop at Newark as meltdown continues at NJ airport
⚠️ JPMorgan’s Dimon on possibility of recession: ‘I wouldn’t take it off the table’
* This is a paid advertisement for RAD Intel’s Regulation CF offering. Please read the offering circular and related risks at invest.radintel.ai. 3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
WHAT’S ON DECK
Tomorrow’s Top Things 📋
Economic data: Building Permits & Housing Starts (8:30 AM), Michigan Sentiment (10 am). 📊
Pre-Market Earnings: RLX Technology ($RLX), Flowers Foods ($FLO), So-Young Intl ($SY), RBC Bearings ($RBC), Mastech Digital ($MHH), Brady ($BRC), Codere Online Luxembourg ($CDRO). 🛏️
After-Hour Earnings: NONE. Enjoy Your Weekend!
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 ticker pages. We’ll see you there. 👍
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. 📝
Want to see some change? Email me, Kevin Travers, your feedback; follow me on Stocktwits. What did I miss? What do you want to see? I’d love to hear from you. 📧
Want to sponsor this newsletter and reach 1 million 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. 📋
