🙌 Today’s stock winner? Everyone

Good evening. The stock market just had its best day in decades. U.S. stocks exploded after Trump announced a surprise 90-day pause on most tariffs. The pause drops the baseline tariff to 10% for most countries, though China’s rate was hiked to 125%, in response to what he described as a "lack of respect."

Investors piled into index gains, lifting nearly every single stock in sight. The buying was so broad that even companies delivering bad news closed in the green. Truth is, most of the “winners” in today’s newsletter were actually stock losers that just got bailed out by the good news.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎23.39% Delta

🛎️ Earnings report - The U.S. airline gave investors something to smile about, beating expectations in Q1 thanks to strong demand for international and premium travel. Even though it scrapped its full-year outlook due to tariff uncertainty, it remains "well positioned to deliver solid profitability and free cash flow for the year." In short, they’ve got it under control. (IBD)

⬆︎9.55% Walmart

Can tariffs actually benefit Walmart? CFO John David Rainey said Walmart has a history of gaining market share during uncertain times, and the company is ready to adjust prices if needed as tariffs take effect. Walmart shares were already up 4% before the 90-day tariff pause announcement. (WSJ)

⬆︎8.06% JP Morgan

Big banks are feeling the pressure. CEO Jamie Dimon said on Mornings with Maria that a recession is now a “likely outcome” as Trump’s sweeping tariffs fuel economic uncertainty. Investors are bracing for signs that the trade war is starting to hit borrowing and lending. Bank stocks were in the red before Trump floated a 90-day pause on the tariffs. (CNBC)

⬆︎3.78% Eli Lilly

Fresh tariffs incoming for pharma giants. At a Republican fundraiser, Trump said the goal is to force drugmakers to shift manufacturing to the U.S. Since America is the biggest market for medicine, he argued, companies won’t have much of a choice. Like the banks, pharma stocks opened in the red before the 90-day tariff pause was announced. (Investopedia)

⬆︎2.49% Cal-Maine

The largest U.S. egg producer is under investigation by the Justice Department over recent egg price spikes. Costs have soared due to bird flu wiping out millions of chickens, and Cal-Maine—responsible for about 20% of the country’s eggs—benefited from the surge. Shares opened just under 5% below yesterday’s price. (ABC News)

⬆︎⬇︎ 1-day change
Market data: today’s market close

LOSERS

⬇︎6.32% BP

Wait, did we just find a loser? The British oil and gas giant is hitting pause on plans to produce sustainable aviation fuel (SAF) at its Castellon refinery in Spain, part of a larger €2 billion decarbonization project. The company says demand for cleaner jet fuel hasn't grown fast enough to justify the investment. (Rigzone)

⬆︎⬇︎ 1-day change
Market data: today’s market close

EXTRA

STOCKTWITS

You can track these stocks on Stocktwits using the following symbols: $DAL ( ▲ 0.22% ), $WMT ( ▲ 1.82% ), $JPM ( ▲ 1.49% ), $LLY ( ▲ 15.07% ) & $CALM ( ▼ 0.76% ).

THE END

That’s it for today’s recap. We hope you found it valuable.

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