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Welcome Back,

Market Headlines 👀 

• US Senate approves a bill to send $95b to Israel, Taiwan, and Ukraine.

• Amazon (AMZN) announces a $9.99 monthly grocery delivery option for Prime members.

• Apple (AAPL) sees a 19% drop in China sales last quarter its worst since 2020.

• International Business Machines (IBM) is nearing a deal to acquire software company Hashicorp.

• Apple (AAPL) announces a May 7th launch event for new Ipads and other products.

• Block (SQ) company announces its own new mining system for Bitcoin.

Earnings 💸

• Tesla (TSLA)

  • EPS: $0.45 misses (exp. $0.51)

  • Revenue: $21.3b misses (exp. $22.3b)

• Spotify (SPOT)

  • EPS: $0.97 beats (exp. $0.67)

  • Revenue: $3.64b beats (exp. $3.6b)

• Visa (V)

  • EPS: $2.51 beats (exp. $2.44)

  • Revenue: $8.77b beats (exp. $8.62b)

• United Postal Service (UPS)

  • EPS: $1.43 beats (exp. $1.37)

  • Revenue: $21.7b misses (exp. $21.8b)

• Pepsi (PEP)

  • EPS: $1.61 beats (exp. $1.52)

  • Revenue: $18.3b beats (exp. $18.1b)

Note From Ryse:

Missed out on Ring and Nest? Don’t let RYSE slip away!

Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened. 

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.

Secure your stake before the offer closes.

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Tesla earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Not a lot of earnings oxygen to be had at these levels. Acccording to Factset, the Mag5 is expected to report 65% yoy EPS growth versus -6% for the remaining 495 S&P companies. Taking our NVDA, significantly reduces the aggregate expected growth. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management).

Market Preview 🎞️

• Wednesday, April 24th: MBA mortgage applications; Durable goods orders

• Wednesday earnings: Meta Platforms (META), Boeing (BA),Chipotle (CMG), Ford (F), and International Business Machine (IBM)

• Thursday, April 25th: Weekly jobless claims; First Q1 advanced GDP report; Pending home sales

• Thursday earnings: Microsoft (MSFT), Alphabet (GOOGL), Snapchat (SNAP), Intel (INTC), Royal Caribbean Group (RCL), SouthWest Airlines (LUV), and Roku (ROKU)

• Friday, April 26th: Personal income and spending (PCE); University of Michigan sentiment survey and inflation expectations

• No US Fed speakers they are in blackout period ahead of FOMC meeting next week

Enjoy reading?👇

That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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