$GRAB HOLY CRAP GRAB IS HAVING THEIR FIRST EVER PRODUCT DAY EVENT JUST ANNOUNCED FOR APRIL 8TH Okay, to me this is a pretty big deal… Here’s why: Grab is a company with MASSIVE potential. I did a deep dive on them that I will link below, but my conviction is fully built and now it’s a question of their execution vs their fundamentals. However, the stock has been in the gutter for the past 4 years. I am calling a bottom. Why? I think the company is finally ready to change their narrative. If they do, I don’t think we see these prices forever. We already know one major narrative changing event that potentially is in the works for 2025: The acquisition of GoTo, their largest Indonesian rival which deeply hurts their margins in ride hailing and food deliveries. Multiple sources have reported i

$TSLA - RBC CAPITAL REITERATES OUTPERFORM RATING ON TESLA The analyst commented: Tesla Q1/25 Delivery Estimate: 🔸 Forecast: 364K deliveries, below 398K consensus (Visible Alpha). 🔸 Factors: Model Y refresh shutdowns & demand delays ahead of new affordable model in Q2/25. 🔸 China: Q1 deliveries -47.8% vs. Q4/24; Jan-Feb -57% vs. Oct-Nov; March data shows further decline. 🔸 Europe: Q1 deliveries -19.9% vs. Q4/24; Jan-Feb -33% vs. Oct-Nov. 🔸 Report expected next week.

BREAKING: February PCE inflation, the Fed's preferred inflation measure, was 2.5%, in-line with expectations of 2.5%. Core PCE inflation RISES to 2.8%, above expectations of 2.7%. January Core PCE inflation was also revised up to 2.7%. Core inflation is back on the rise.

*US FEB. PCE PRICE INDEX RISES 0.3% M/M; EST. +0.3% *US FEB. PCE PRICE INDEX RISES 2.5% Y/Y; EST. +2.5% *US FEB. CORE PCE RISES 0.4% M/M; EST. +0.3% *US FEB. CORE PCE RISES 2.8% Y/Y; EST. +2.7%

TRUMP'S 25% AUTO TARIFF IMPACTS: 1. Audi: 100% imported 2. Porsche: 100% imported 3. Ferrari: 100% imported 4. BMW: 50% of US sold cars made in US, parts imported 5. Mercedes: 50% of US sold cars made in US, parts imported 6. Stellantis: ~60% of US sold cars made in US, some parts imported 7. Volkswagen: 15% of sales in US with most parts from North America Widespread price increases are coming.

CRYPTOCURRENCY HOLDINGS OF US COMPANIES Here is a list of companies in the United States that have bitcoin and other digital currencies on their balance sheet as of December 31, 2024. 🔸 Strategy ( $MSTR): $23.91 billion 🔸 MARA Holdings ( $MARA): $3.22 billion 🔸 Riot Platforms ( $RIOT): $1.65 billion 🔸 Coinbase ( $COIN): $1.55 billion 🔸 Tesla ( $TSLA): $1.08 billion 🔸 CleanSpark ( $CLSK): $929.1 million 🔸 Block Inc ( $XYZ): $792.3 million

🔹Stocks of major automakers are tumbling after Trump’s tariff announcement, which could add $10,000 to new car prices: $GM (-6.5%), $F (-2.5%), $STLA (-2%) hit in premarket trading. Toyota (-2%), Honda (-2%), Volkswagen (-1.5%) decline as global fears rise. 🔹 $NVDA is down ~2% premarket, after a 6% drop yesterday due to China’s new energy rules impacting AI chip sales. Stock has lost 25% from January highs over AI spending concerns. 🔹Goldman Sachs boosts gold target to $3,300/Oz. Gold futures up 1.3%, as central banks & ETFs drive demand

TRUMP'S 25% AUTO TARIFF IMPACTS: 🔸 100% Imported: Audi, Porsche, Ferrari. 🔸 BMW & Mercedes: ~25% of sales in U.S.; ~50% of U.S.-sold cars assembled locally, but key parts imported. 🔸 Stellantis: ~50% of revenue from U.S.; ~60% of U.S. vehicles assembled locally, high exposure to demand drop. 🔸 Volkswagen: U.S. = mid-teens % of sales; most parts sourced in North America. 🔸 Renault: No U.S. exposure.

US JOBLESS CLAIMS -1K TO 224K IN MAR-22 WK; SURVEY 226K US MAR-15 WEEK CONTINUING CLAIMS -25K TO 1,856,000 US MAR-15 WEEK JOBLESS CLAIMS REVISED TO 225K

Trump (aka Tariff man) found further ways to push the economy into recession today, signing a proclamation to implement a 25% tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an even broader push on levies next week. Investors reacted in horror, with SPX -1.1% and NDX -2.0%, with the specter of retaliation by our trading partners weighing on big exporters like $TSLA (-5.6% today). Atlanta Fed GDP Now is forecasting a 1Q GDP decline of -1.8%. Trump can’t blame the incoming recession on Biden. As predicted by the 1930 Smoot-Hawley Tariff Act, Trump’s tariffs will cause trade flows to shrivel, which will cause the X-M component of GDP (C+I+G+X-M) to shrink.

Today, Trump introduced a 25% tariff on ALL vehicles not made in the United States. This tariff will go into effect on April 2nd. About 40% of all new cars sold in the US are imported, so this tariff is a big deal. This is a breakdown of where cars sold in the US are made: • Tesla: 100% U.S. • Ford: 77% U.S., 21% Canada & Mexico, 2% Other • Stellantis: 57% U.S., 39% Canada & Mexico, 4% Other • Nissan: 52% U.S., 31% Canada & Mexico, 17% Other • GM: 52% U.S., 30% Canada & Mexico, 18% Other • Toyota: 48% U.S., 27% Canada & Mexico, 25% Other • Kia: 33% U.S., 8% Canada & Mexico, 59% Other • Volkswagen: 21% U.S., 43% Canada & Mexico, 36% Other If the 25% tariff remains in place for a long period, legacy automakers will struggle

$JEF reported earnings results today with a double miss: ❌Revenue: $1.59B vs. $1.86B expected ❌EPS: $0.57 vs. $0.94 expected ✅ Has strengthened its investment banking segment, benefiting from an increase in M&A advisory, IPO underwriting, and debt/equity offerings. ✅Unlike traditional investment banks, Jefferies has a well-balanced portfolio that includes asset management, merchant banking, and trading operations. ❌Competes against major Wall Street firms like Goldman Sachs and Morgan Stanley, which have greater resources, larger client bases, and more diversified revenue streams. ❌Lending and trading businesses expose it to credit and market volatility risks. 

GOLDMAN SACHS LOWERED ITS S&P 500 YEAR-END TARGET TO 6,200 FROM 6,500. The cut reflects: 🔸 A reduced 2025 US GDP growth forecast to 1.7% (from 2.4%) due to expected tariff hikes. 🔸 The US effective tariff rate is projected to rise by 10 percentage points to 13%, with a possible 15-point increase in a high-risk scenario. 🔸 Higher tariffs and economic uncertainty have led to a larger equity risk premium. 🔸 Goldman also highlighted options positioning for companies sensitive to trade and tariff changes.

$GME - GAMESTOP SHARES JUMP ON BTC ADDITION, RESULTS 🔸 GameStop shares rose 14% premarket Wednesday. 🔸 Company will add Bitcoin to treasury reserves, approved by board. 🔸 No limit set for Bitcoin purchases using cash, debt, or equity. 🔸 Q4 net income doubled to $131.3 million from $63.1 million. 🔸 Revenue fell to $1.28 billion from $1.79 billion. 🔸 SG&A expenses dropped to $282.5 million from $359.2 million. 🔸 Closed 590 U.S. stores in 2024; more closures planned for 2025. 🔸 Exited Italy, closed stores in Germany. 🔸 Ended quarter with $4.78 billion in cash and securities. 🔸 Full-year sales declined to $3.82 billion from $5.27 billion. 🔸 Annual net income jumped to $131.3 million from $6.7 million in 2023.

CONSUMER: 🔸 GameStop ( $GME): Q4 EPS $0.30 vs est. $0.08; sales $1.28B (miss); adding Bitcoin to treasury. 🔸 Tesla ( $TSLA): Hosting launch event in Saudi Arabia on April 10. 🔸 Advance Auto Parts ( $AAP): Finished store closures; plans 30 new US stores in 2025, 100+ by 2027. 🔸 CarParts.com ( $PRTS): Q4 loss -$0.71 vs -$0.15 y/y; sales -15% to $133.5M; no 2025 guidance, exploring strategic options. 🔸 Dollar Tree ( $DLTR): Selling Family Dollar for $1.007B; Q4 adj. EPS $2.11 (miss), sales -42% to $4.99B; guides Q1 sales $4.5–$4.6B. ENERGY/INDUSTRIALS/MATERIALS: 🔸 Compass Minerals ( $CMP): Cutting 10% of workforce, ending fire retardant biz; expects $11M–$13M cost savings. 🔸 Glencore (GLNCY): Declared force majeure on Chilean copper shipments. 🔸 JinkoSolar ( $JKS): Q4 loss -$0.32; sales -3.9%

$GME reported promising earnings results today and announced that bitcoin will be added as a Treasury Reserve Asset: ❌Revenue: $1.28B vs. $1.48 expected ✅EPS: $0.30 vs. $0.08 expected ✅Has continued shifting towards digital gaming, collectibles, and an expanded e-commerce presence. ✅Despite past struggles, GameStop remains a well-known gaming brand with a dedicated following. ❌The gaming industry continues shifting toward digital downloads and cloud gaming, reducing the demand for physical games and consoles sold in stores. ❌While GameStop has reduced debt and streamlined operations, it still faces profitability challenges

$CHWY reported earnings results today with a double beat: ✅Revenue: $3.25B vs. $3.2 expected ✅EPS: $0.28 vs. $0.20 expected ✅Autoship program continues to drive recurring revenue, as pet owners prefer the convenience of scheduled deliveries for food and supplies. ✅Aggressively expanded into pet health with offerings like telehealth consultations, pet insurance partnerships, and pharmacy services. ❌Faces challenges in achieving consistent profitability due to rising logistics, fulfillment, and customer acquisition costs. ❌Larger e-commerce players like Amazon and traditional pet retailers like Petco are increasing their online presence, putting pressure on Chewy’s market share and pricing power.

🔥NEWS: BYD disclosed that 26% of its total 2024 net income came from direct government subsidies!🤯 BYD received $1,434 million in direct government subsidies related to "daily activities". This implies a +125% year-on-year increase from $636 million received in 2023. BYD reported total shareholders' net income of $5,550 million (CNY 40,254 million) implying government subsidies contributed 26% of BYD's net income attributable to shareholders.

It’s not rocket science why $TSLA +28% in the last week vs NDX +4%: 1/ Elon’s all-hands meeting was a big success, with Elon conveying vision, confidence, energy, and calm to the troops; 2/ It’s clear from credit card data that TSLA orders (and specifically deposits) have not been impacted by Elon’s politics and DOGE activities, despite what MSM says; 3/ China TSLA weekly insured registrations have had two strong back-to-back weeks (YTD highs), and TSLA China 1Q registrations are now just -0.6% behind last year’s 1Q; 4/ The gorgeous new Model Y is ramping production quickly, which should lead to UPWARD FY ‘25 delivery revisions as we start 2Q (now 1,903K +1.6% YoY; was 2,078K +10.6% YoY at Y.E.).