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Dell Technologies (DELL) saw A.I. demand help drive a 5% revenue gain and drive an increase in its backlog, Marvell (MRVL) shares are slumping despite an earnings beat, and Ulta Beauty (ULTA) rises after boosting its 2025 guidance.
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Markets closed higher Thursday amid a back-and-forth legal battle waging on the White House's tariff policy implementation. Meanwhile, Nvidia (NVDA) shares soared after positive investor reaction to its 1Q report. And, Boeing (BA) CEO Kelly Ortberg signaled a possible return to selling jets in China next month. Caroline Woods details today's top stories.
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Dan Novaes discusses recent price activity in Bitcoin (/BTC) and its potential future gains. Despite the cryptocurrency's step back from all-time highs, Dan believes institutional money and government support will drive Bitcoin higher. He points to recent inflows of over $10.8B into the asset and adoption by major companies as key drivers. Later, Dan discusses the GENIUS Act and its ripple effects on stablecoins, Ethereum and XRP.
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Following Nvidia's (NVDA) earnings beat, Zeno Mercer says this report is just the beginning. With A.I. adoption accelerating globally, Mercer sees Nvidia's stock price potentially reaching new highs, especially if a deal with China can be reached. But, he adds Nvidia is not the only A.I. winner - adding Snowflake (SNOW) and TSMC (TSM) as other names to watch.
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Stash Graham says investors are too focused on tariff headlines and not enough on the bond market, which is sending a more critical warning sign about the growing national debt and deficit. He remains bullish on banks and some cyclical industries, but also sees opportunities in niche areas of fixed income, such as short-duration investments with limited credit risk.
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Aniket Ullal discusses the return of risk-on in markets. Aniket notes a clear inflection point on April 8th, the day President Trump announced a pause in reciprocal tariffs, sparking a 18% SPY rally and 40% Bitcoin surge. They explore whether risk-on has changed, citing steady Bitcoin and the impact of rising bond yields on rate-sensitive sectors like home builders and residential real estate. Aniket also touches on the weaker U.S. dollar, down 4-5% this year, and its benefits for export-heavy stocks like Coca-Cola (KO).
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Nate Peterson says in the face of ongoing tariff-induced volatility to "watch the closes" in the near-term, adding 5950 could be a possible consolidation area for the S&P 500 (SPX). In the bond market, Collin Martin believes the latest GDP reading was "pretty disappointing" which could have investors wondering whether or not the economy is as strong as perceived. He notes a modest re-pricing in the Fed Funds Futures pointing to 2 rate cuts in 2025.
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GameStop's (GME) move to buy Bitcoin (/BTC) has some calling it a clever attempt to grab attention and create volatility in the stock. Tom Essaye thinks it's a "gimmick" that distracts from the company's larger issue - a declining core business. While he applauds GameStop's ingenuity, he believes they need a credible plan to create long-term value, beyond just buying and holding trendy assets like Bitcoin.
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Musk closes the door on his role at DOGE. The Tesla (TSLA) CEO announced he will leave the Trump administration, a bull signal for many Tesla investors. Additionally, a Bloomberg article hinted at a robotaxi launch date for June 12th in Austin. Caroline Woods talks about the price action in Tesla following the headlines and weighs bulls against bears as analysts wager how the robotaxi launch will affect outlook.
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Kevin Green says the SPX can pull back to its 20-day and 200-day SMAs. He points to multiple factors showing a possible pullback, from low liquidity to the 10YR-3MO treasury spread trending to the downside.
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