📢 Intel is never quiet

Good evening. Jobless claims came in lower than expected and GDP growth was revised sharply higher, painting a picture of a resilient economy that could keep the Fed cautious about more cuts this year.

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Market data: today’s market close

WINNERS

⬆︎9.78% H&M

🔔 Earnings report - H&M just showed signs of a comeback, posting a 40% jump in quarterly profits as its cost-cutting and trendier designs start to pay off. The fast-fashion retailer has been under heavy pressure from Zara, Shein and Temu. By shutting weaker stores, leaning more on online sales, and tightening up its supply chain, H&M has managed to win back shoppers looking for affordable but fresher styles. [Read more]

⬆︎8.87% Intel

Yesterday it was just rumors, but today it’s official: Intel is in talks with Apple about a potential investment as the struggling chipmaker looks for partners to fuel its turnaround. Intel has been at the center of attention lately, with billions already flowing in from Nvidia, SoftBank, and even a 10% stake from the U.S. government. [Read more]

⬆︎5.20% IBM

HSBC just showed off how quantum computing might actually make a difference in finance. In a trial with IBM’s quantum systems, the bank tested algorithmic bond trading and saw a 34% improvement in predicting whether trades would be filled at quoted prices. While that number doesn’t sound huge, it’s one of the first real examples of quantum computers solving a business problem at scale. [Read more]

MORE WINNERS

⬆︎22.63% Lithium Americas
⬆︎8.28% MP Materials
⬆︎4.61% XPeng

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Market data: today’s market close

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LOSERS

⬇︎9.18% Oklo

Board member Michael Klein sold about $6.7 million worth of shares last week. Insider sales often spook investors since they can hint at trouble, so let’s see if more insiders follow. Oklo is a young nuclear energy startup, which makes this kind of move stand out even more. [Read more]

⬇︎20.07% CarMax

🔔 Earnings report - The largest used car retailer in the U.S. is hitting speed bumps as revenue fell 6% last quarter to $6.6 billion, while net income dropped nearly 30% as vehicle sales slowed and inventory values depreciated. CEO Bill Nash called the quarter “challenging.” [Read more]

MORE LOSERS

⬇︎5.55% Oracle
⬇︎6.69% Jabil
⬇︎6.99% Strategy
⬇︎9.38% AST SpaceMobile

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Market data: today’s market close

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