CLOSING BELL
Happy Monday

The market fell back slightly to start the week, all eyes on big reactions to big tech news, and tit for tat attacks in the Strait of Hormuz between Iran, the U.S., and Gulf states deploying anti missle defense.

I am writing from the NYSE board room offices today, the Stocktwits team gathering for our annual Cashtag Awards to celebrate the top retail industry names and contributors. The exchange is as vibrant as ever, the conversation so far today has been one of divergence.

As Peter Truchman, colloquially known as Wall Street Einstein here on the trading floor told a crowd of guests, the market is wading through the reality that a single tweet can change everything. In the face of this, and war in the Middle East, we have seen a break between how the market priced international events and a new condition- let’s not all miss out on all time highs just because oil is at $110.

Michael Khouw, strategist at Yieldmax ETFs said during a NYSE hoasted CRTR panel this afternoon, the retail investing perspective is leading the conversation: retail for a very long time has learned to buy the dip, because if it dips, it will Rip.

Could not have said it better myself.

AFTER THE BELL
Palantir’s AI Platform Is Actually Printing Money 🖨️ 

Palantir’s US business didn’t just beat estimates on Monday — it doubled in twelve months, an outcome that makes the AI platform skeptics look increasingly silly. The stock was only moving just slightly in the after hours, as CEO Alex Karp joined the firm’s earnings call.

The RIP: $PLTR ( ▲ 1.36% ) surged after reporting Q1 revenue of $1.63B, up +85% Y/Y, crushing the $1.53B consensus. Adjusted EPS hit $0.33 vs. the $0.28 estimate. US commercial revenue exploded +133% Y/Y to $595M; US government revenue jumped +84% to $687M. Full-year revenue guidance raised to $7.65B-$7.66B, up from $7.19B prior. US commercial guidance raised to $3.22B, implying +120% growth.

Holders of $PLTR should watch whether the US commercial deal pipeline keeps thickening — the company closed 206 deals over $1M this quarter, up 1.6x Y/Y, which is the real leading indicator here. Oppenheimer initiated with Outperform and a $200 price target this week, citing Palantir’s ontology architecture as a structural moat. The question isn’t if the AI story has legs anymore. It’s how long the multiple holds at this altitude. 📡

Dive into the sentiment on Stocktwits →

• 70% bullish, ~12% bearish, rest neutral/confused.

What the community is actually talking about

1. Beat-and-raise just dropped 

2. Frustration the stock isn’t gapping up — heavy “fraud street,” “rigged,” “red-headed stepchild,” “long options worthless tomorrow.” Bulls confused why AH is only +0.76% on a clean beat.

3. Karp earnings call hype 

4. Valuation pushback — small but vocal bear camp citing $350B mcap on $7B rev, P/E 231, calls for sub-$110.

5. Price targets thrown out: $155 (near-term), $158.60 (TA resistance), $175 (golden ratio), $200, $225, $5000 (the moonshot).

Bottom line: community is overwhelmingly bullish on the print but confused/annoyed by the muted AH reaction. The trade everyone’s watching is the earnings call tonight — that’s where the room expects the real move.

STOCKS
Cohen’s Bid Looks More Like a Midlife Crisis 🕹️ 

Gamestop fell today after updates from the eBay buyout attempt came through to complicate what already looked like a tough sell. eBay over the weekend confirmed that GameStop did in fact provide them with an offer, at $55.5B, at about $125 a share. It would be a 20% premium on the current price.

The RIP: $GME slid -10% while $EBAY popped +5% after Chairman and CEO Ryan Cohen offered $125/share in 50% cash, 50% $GME stock, a ~20% premium to eBay’s Friday close. GameStop has ~$9.4B on its balance sheet; worth $11B MK wise, TD Securities committed up to $20B in debt financing.

Cohen sent a letter directly to eBay chairman of the board, arguing he could help cut costs in the giant firm. He would do it all without retaining any salary as CEO of the company, just compensated from stock prices as a shareholder. On Monday, he appeared on CNBC to argue his case, but the gravely voiced, leather jacket wearing executive did not have many answers.

The market reacted negatively to the news, and the media that followed up.

“I do not understand the question,” Cohen said, leaving plenty of dead air, after Andrew Ross Sorkin asked how the numbers were going to add up.

In the letter, Cohen said the much larger firm spent $2.4 billion on Sales & Marketing in 2025 and added just one million net active buyers.

“We will take $2 billion of annualized costs out within twelve months of close: $1.2 billion from Sales & Marketing, $300 million from Product Development, and $500 million from General & Administrative.”

The proposal is 50% cash and 50% shares, which even when the entire value of GME and the TD note are added together with its cash pile, eBay is looking at a buyer with around $42B in value. It would have to be a pretty heavy dilution of shares to make up the difference.

eBay’s board said it will “review the proposal” Monday, which is board-speak for “we didn’t ask for this.” Morgan Stanley analyst Nathan Feather flagged financing and synergy questions immediately, and Bernstein called eBay’s current turnaround intact, writing “why disrupt things?”

The stock-as-currency problem is real: half the consideration is shares in a $12B meme-stock retailer trying to swallow a $46B e-commerce company.👀

Jump into the conversation on Stocktwits: GME with Watchers ~308.7K →

• 60% bearish / 40% bullish (flip from typical bullish lean) — concerns center on dilution risk to fund the bid and Cohen’s performance on air

• Top posts:

  • @BEST_MAN_EVER (Bearish, 5 likes): CEO “looked dumb” on CNBC

  • @AltradoLinguini (Bullish, 3): Cohen “setting up can’t-lose situations”

  • @Lando_Calrissian (Bearish, 2): Burry exited — “dangerous time”

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TRENDING ON STOCKTWITS
Pops & Drops

• $TSN ( ▲ 7.96% )  Tyson Foods: jumped +8% after Q2 EPS beat on revenue and profit

• $MU ( ▲ 6.32% )  Micron: climbed +6% after Bernstein lifted SanDisk target to $1,700

• $COIN ( ▲ 6.14% )  Coinbase ⚡: surged +6% after bipartisan CLARITY Act stablecoin compromise

• $ODFL ( ▼ 6.62% )  Old Dominion: fell -7% after Amazon logistics expansion hit freight sector

• $NCLH ( ▼ 8.56% )  Norwegian Cruise ⚡: tumbled -9% after slashing FY26 EPS guidance on Middle East fuel costs

• $CHRW ( ▼ 9.06% )  CH Robinson: cratered -9% after Amazon’s move revived freight broker disruption fears

• $FDX ( ▼ 9.11% )  FedEx: cratered -9% after Amazon Supply Chain Services targeted its business, $UPS ( ▼ 10.47% )  UPS: collapsed -10% .

• $XNDU ( ▼ 61.27% )  Xanadu Quantum ⚡: cratered -61% after filing to register 293M insider shares for resale

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WHAT’S ON DECK
Tomorrow’s Top Things 📋

Macro: ISM Services PMI (Apr) (10:00 AM ET), JOLTS Job Openings (Mar) revised (10:00 AM ET). 📊

Pre-Market Earnings: $PYPL PayPal Holdings Inc, $SHOP Shopify Inc, $PFE Pfizer Inc, $ET Energy Transfer LP Unit, $EVGO Evgo Inc Class A, +38 more. ☀️

After-Market Earnings: $AMD Advanced Micro Devices Inc, $LCID Lucid Group Inc, $OCGN Ocugen Inc, $SMCI Super Micro Computer Inc, $MSTR Strategy Inc, +97 more. 🌙

P.S. You can listen to all of these earnings calls on Stocktwits.

The RIP: $AMD is seen at $1.28 EPS on $9.84B in revenue, with MI300X AI GPU momentum and data center segment growth — guided at +60% annually — carrying the quarter.

The RIP: $SHOP is seen at $0.32 EPS on $3.08B in revenue, with $98.6B in expected GMV and merchant solutions revenue the read on whether tariff pressure is bleeding into e-commerce spend.

The RIP: $PFE is seen at $0.74 EPS on $13.82B in revenue, with non-COVID, non-LOE product growth the only number that answers whether the core business can stand on its own.

ST EDITOR’S PICKS
Links That Don’t Suck 🌐

📈 Experience 100+ new technical indicators and smarter charts in MarketSurge—try it for only $1/day*

🤑  Musk threatened to turn OpenAI’s Altman and Brockman into ‘most hated men in America’ ahead of trial

😨 New attacks put US-Iran ceasefire in peril

🏠️ U.S. and Iran exchange fire in strait as Trump attempts to open shipping lane

🤑 DVLT Stock Tumbles Pre-Market On Discounted Offering – Retail Slams The Move, Calling It ‘Self-Inflicted Pain’

💰️ How Spirit Airlines’ demise will benefit rivals — and raise airfares even more

📺️ Supreme Court temporarily restores ability to receive abortion drug mifepristone by mail

🏐 Ryan Cohen Says GameStop Can Issue Additional Stock To Get eBay Deal Done — This Analyst Is Skeptical About The Synergies

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

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