Good ECO/Markets = Trump

Bad ECO/Markets - Biden

CTP for Micron is underway

AI wins a horse race

News from Omaha

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 Warm-Up
- Good ECO/Markets = Trump
- Bad ECO/Markets - Biden
- CTP for Micron is underway
- AI wins a horse race
- News from Omaha
- India/Pakistan - India stikes

Markets
- Some Earnings Color
- S&amp;P breaks it streak this week
- KRI +4, +5 (Spearman +100)
- Currency interventions happening

Interesting Timing
- Skechers U.S.A., Inc. the third largest footwear company in the world, today announced that it has agreed to be acquired by 3G Capital, a global investment firm built on an owner-operator approach to long-term investing.
- 3G gets discount as tariffs are softening price
- Helped to move the other names in the space higher

Heads I Win....
- President Donald Trump took credit for the "good parts" of the economy in an exclusive interview with NBC News airing Sunday, but said that the "bad parts" are former President Joe Biden's economy.
- "Ultimately, I take responsibility for everything, but I've only just been here for a little more than three months," Trump said.
- "The tariffs have just started kicking in. ... The tariffs are going to make us rich. We're going to be a very rich country," he added.

In terms of shortages:
- "I don't think a beautiful baby girl needs – that's 11 years old – needs to have 30 dolls," Trump said.
- "I'm just saying [children] don't need to have 30 dolls, they can have three, they don't need to have 250 pencils, they can have five," he added.
- But, Mira Lago has 58 bedrooms, 33 bathrooms, a 29-foot-long (8.8 m) pietra dura marble-top dining table, 12 fireplaces, and three bomb shelters.
---WHAT?

Ford Earnings
- Ford Motor beats by $0.14, misses on revs, co suspends FY25 guidance; says business is strong, adjusted EBIT tracking within prior guidance, excluding new tariff-related impacts
- Based on what the company knows now, and its expectation of how certain details and changes will be resolved related to tariffs, the company estimates a net adverse adjusted EBIT impact of about $1.5 bln for full-year 2025. Given material near-term risks, co is suspending guidance.

Block Earnings (Last week)
- Revenue decreased about 3% from $5.96 billion a year earlier.
-  Gross profit rose 9% to $2.29 billion from $2.09 billion a year earlier. That missed analysts' forecasts of $2.32 billion for the quarter.
- Gross payment volume hit $56.8 billion, missing expectations of $58 billion, according to StreetAccount.
- Stock plunges

 

 


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Palantir Earnings
- Palantir Technologies reports EPS in-line, beats on revs; guides Q2 revs above consensus; guides FY25 revs above consensus
- Reports Q1 (Mar) earnings of $0.13 per share, excluding non-recurring items, in-line with the FactSet Consensus of $0.13; revenues rose 39.4% year/year to $883.9 mln vs the $862.17 mln FactSet Consensus.
- U.S. commercial revenue grew 71% year-over-year and 19% quarter-over-quarter to $255 million.
- U.S. government revenue grew 45% year-over-year and 9% quarter-over-quarter to $373 million.
- Co issues upside guidance for Q2, sees Q2 revs of $934-$938 mln vs. $899.44 mln FactSet Consensus.
- Co raises guidance for FY25, sees FY25 revs of $3.890-$3.902 bln vs. $3.75 bln FactSet Consensus. Raises adjusted income from operations guidance to between $1.711 -- $1.723 billion.
- Stock down- probably some profit taking as valuation is a bit stretched

Kentucky Derby
- AI Wins!
- Sovereignty won the 151st running of the Kentucky Derby in Louisville,

DHUnplugged #751: Heads I Win