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NEWS
Market Bulls Go For Gold

Source: Tenor.com

It was another busy day on Wall Street, with earnings helping lead a rebound that saw every sector close in the green. Trump’s tariff threats began to take shape, shaking forex and commodity markets. Oil stopped its two-week slump, while gold jumped to new all-time highs amid a precious metals resurgence. 👀

Today’s issue covers Apple’s earnings jump, Trump’s tariff threats, crypto’s bullishness going mainstream, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with utilities (+2.06%) leading and communication services (+0.10%) lagging.

Source: Finviz.com

And here are the closing prices: 

EARNINGS
Apple Ramps Up Its Recent Rebound 🍏 

All eyes were on the largest company in the world ahead of its earnings results, with hopes high that it could set the tone for the rest of the market. So far, shares are up marginally after the bell, jumping on management’s guidance.

Earnings per share of $2.40 and revenues of $124.3 billion topped the $2.36 and $124.131 billion expected by analysts. However, its iPhone sales missed estimates by the widest margin since its fiscal 2023 first quarter. 📊 

Here’s how its segments broke down:

Source: CNBC.com

Total revenue growth rose 4% YoY, but iPhone revenue growth remains near the flatline as it has for much of the last few years. Analysts were hoping that its “Apple Intelligence” integration would be a catalyst for the next major iPhone upgrade cycle, but that has not been the case so far. 😐️ 

Source: Finchat.io

Still, investors focused on the positives. Rebounds in other business segments and strength in its high-margin services business helped buoy results as the tech giant develops an iPhone solution. It also pays a $0.25 per share dividend and bought back $30 billion in shares last quarter to reward investors for sticking with it.

Stocktwits sentiment remains in ‘bullish’ territory as investors digest the news. 🐂 

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POLICY
Trump’s Next Tariff Targets 🎯 

President Donald Trump caused turbulence in certain markets after signaling that 25% tariffs on Canada and Mexico are coming on Saturday. He’s still considering whether to include oil from those countries as part of the tax, saying that decision will be based on whether the price of oil charged is “fair.” 🤔 

The U.S. Dollar briefly surged against the Mexican Peso and Canadian Dollar, and the stock markets of both countries also took a hit on the announcement. Energy commodities in the U.S. caught a bid, stemming a two-week slump. 🔺 

Still, some say the move could undermine Trump’s pledge to lower overall inflation, given that energy costs are a major factor in the prices of most goods and services.

The U.S. imports over 4 million barrels of oil daily from Canada and over 500,000 from Mexico, producing 13.5 million domestically. If roughly 20-25% of the overall supply faces an import tax, it could materially impact domestic prices. 🛢️ 

As for Trump’s response, he’s not worried about risking any relationships with our partners. He said, “We don’t need the products that they have,” Trump said. “We have all the oil you need. We have all the trees you need, meaning the lumber.”

Mexico and Canada are in the crosshairs and Trump is aligning his sights on China. He said China would pay tariffs for its exporting of the chemicals used to make fentanyl, stating the 10% tariff would be on top of other broader tariffs.

STOCKS
Other Noteworthy Pops & Drops 📋️ 

Lam Research ($LRCX +8%): The semiconductor equipment maker posted a second-quarter earnings beat for fiscal 2025, posting its largest one-day gain in a year.

BigBear.ai ($BBAI +14%): Awarded an indefinite-delivery/indefinite-quantity (IDIQ) contract under the U.S. Navy’s SeaPort Next Generation (SeaPort NxG) program.

United Parcel Service ($UPS -14%): The logistics giant missed fourth-quarter revenue estimates, issued guidance that fell short of Wall Street estimates, and indicated a reduction in Amazon deliveries.

International Business Machines ($IBM +13%): Big Blue posted its best single-day gain in over two decades, after a slew of price target hikes from Wall Street following the company’s fourth-quarter earnings beat.

Blackstone ($BX -4%): The alternative asset manager’s fourth-quarter earnings topped Wall Street estimates. Fee earnings AUM rose 9% YoY to $830 billion.

Aclarion Inc. ($ACON -14%): The healthcare technology company executed a 1-for-335 reverse stock split, taking its outstanding common shares to around 500,000.

The Cigna Group ($CI -7%): Fourth-quarter earnings missed while revenues topped estimates. Earnings were impacted by higher medical costs in its stop-loss product.

Alterity Therapeutics ($ATHE +65%): The clinical-stage biotech announced positive Phase 2 results for ATH434, its oral treatment for early-stage multiple system atrophy (MSA)— a rare neurodegenerative disease.

SiriusXM Holdings ($SIRI +6%): Reported forecast-beating fiscal year 2024 fourth-quarter results and issued an in-line guidance for 2025. Revenue fell 4% YoY.

Broadcom ($AVGO +4%): Meta revealed that it is ramping up the use of its custom-designed chips, which it co-designed with Meta.

Nokia ($NOK +6%): The Finnish telecom giant’s fourth-quarter earnings and revenue topped analyst estimates, driven by a demand recovery in North America.

Frontier Group Holdings ($ULCC +5%): Spirit Airlines once again rejected Frontier’s new merger offer despite continued turbulence in the low-cost market.

Mastercard ($MA +3%): The payments giant rose to an all-time high after its earnings and revenue topped estimates, driven by higher payment volumes.

Western Digital ($WDC +4%): The storage devices solutions provider’s positive commentary about an impending spin-off outweighed mixed quarterly results.

Caterpillar ($CAT -5%): Total revenues missed analyst estimates, falling 5% YoY, driven by changes in dealer inventories and lower equipment sales to end users.

Valero ($VLO -2%): The refiner’s earnings and revenue topped estimates, with its refining margin slumping to 34.5% due to a rise in global refining capacity.

Deckers Outdoor ($DECK -15%): The footwear company’s adjusted earnings beat estimates and raised its full-year 2025 guidance. But revenue fell short of estimates.

Atlassian ($TEAM +19%): Revenue grew 21% YoY, with subscription revenue rising 30% and a free cash flow margin of 27%. It posted 15% YoY growth in customers with over $10,000 in Cloud Annual Recurring Revenue (ARR).

CRYPTO
Will The Magazine Indictor Crush Crypto? 🤔 

We’ll keep this one quick., but with crypto back in the spotlight because of Trump and deregulation, Forbes put MicroStrategy’s Michael Saylor on its cover.

The financial community was quick to point out that the last time major crypto personalities donned the Forbes cover, future performance was not great. Could this be a short-term top? Time will tell. But sentiment is certainly BULLISH. 🐂 

Source: JacobKinge On X

And while everyone is obsessed with “Digital Gold,” physical gold is making a fresh all-time high as precious metals catch a major bid.

We want to know how you’re playing the move. Click below to participate in our poll, where gold and silver are battling it out for the best way to play the theme. 🤩 

Source: Stocktwits

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Core PCE Price Index (8:30 am ET), Personal Income/Spending (8:30 am ET), Fed Bowman Speech (8:30 am ET), Chicago PMI (9:45 am ET). 📊

Pre-Market Earnings: Exxon Mobil ($XOM), Chevron ($CVX), Phillips 66 ($PSX), Brookfield Renewable ($BEP), Colgate-Palmolive ($CL), Charter Communications ($CHTR), Novartis ($NVS), AbbVie ($ABBV), Booz Allen Hamilton ($BAH). 🛏️

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 individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

🍽️ Chili’s is America’s hottest restaurant

💊 FDA approves first new type of pain medication in 25 years

🔻 US economic growth slows despite consumers spending more

❌ Walgreens suspends quarterly dividend amid turnaround efforts

🤖 DeepSeek has taught AI startups a lesson automakers learned years ago

🤑 OpenAI in talks to raise funding that would value AI startup at up to $340 billion

🛑 Justice Department sues to block $14 billion Juniper buyout by Hewlett Packard Enterprise

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