๐ข๏ธ Why oil jumped after a war threat hit the timeline
๐ Why an EV stock everyone watches had a rough quarter
๐ Why Wall Street is done waiting on a turnaround
Plus, the chip story that had traders refreshing their screens.
โ Make yourself comfy ๐๏ธ and let's get into it...
Market Crowdโ โHow the market did this week.
Dow
46,504.67
1,338.03
2.96%
S&P
6,582.69
213.84
3.36%
Nasdaq
21,879.18
930.82
4.44%
*As of market close on Friday, April 3rd.
Pre-Market Playโ โA market beat to start your week. โ
I Really Mean It
The Diplomats
0:443:45
๐ข๏ธ Oil's got trust issues...
And Toupee Fiasco (Trump) just poured gas on the fire.
โ The U.S. and Israel have been at war with Iran since February 28.
โ The Strait of Hormuz, a narrow waterway that used to carry 20% of the worldโs oil and gas, has been shut since the war started.
โ No ships. No flow. No chill.
โ Earlier Wednesday, Toupee Fiasco posted on Truth Social saying Iran had asked for a ceasefire.
โ
โ Oil dipped below $100.
โ Then Iran denied it. Said it never happened.
โ Then that evening, Toupee Fiasco went on national TV and said the U.S. would hit Iran โextremely hardโ in the next two to three weeks.
โ Oil came all the way back.
โ U.S. crude climbed 4.1% to $104.21 a barrel while Brent crude rose 5% to $106.42.
โ The two sides have been contradicting each other on peace talks since day one, and every headline is moving the market.
โ Toupee Fiasco says the war wonโt last long. Iran says the Strait stays closed until the U.S. backs off.
โ Traders are getting whiplash.
โ ๐ฅก The Takeaway: Every ceasefire rumor drops oil. Every escalation post sends it back up. Energy names like XLE, XOM, CVX, and USO are in play on every headline until Hormuz reopens.
๐ Wall Street's patience ran out...
And NKE is paying for it.
โ Nike (โNKEโ) dropped 14% in a day after its fiscal third quarter earnings landed with a thud.
CFO Matt Friend told analysts sales would fall between 2% and 4% this quarter, with China sales expected to decline 20%.
โ The China number?
โ Wall Street was expecting weakness. Getting hit with 20% had them reaching for the downgrade button before the call even ended.
โ Goldman Sachs (GS), JPMorgan (JPM), and Bank of America (BAC) all downgraded NKE the same morning. Three of the biggest banks on Wall Street. Same day. Same message. Weโre done.
โ Nikeโs gross margin has declined for seven straight quarters.
โ Recovery isnโt expected until at least Q2 of fiscal 2027, and CEO Elliott Hill admitted the turnaround is โtaking longer than heโd like.โ
โ Heโs asked for patience twice now.
โ The Street said no.
โ ๐ฅก The Takeaway: NKE is down 14% but the story isnโt over. Management plans to lay out the long-term path forward at its investor day this fall. Watch for that and these NKE trends that tend to hit before then.
โ
๐ Tesla's quarter hit different...
And not in the way Wall Street was hoping for.
โ Tesla (โTSLAโ) released its Q1 2026 delivery report and the numbers didnโt land.
โ The company shipped 358,023 vehicles in the first quarter. Wall Street was waiting for 370,000. Thatโs a miss of about 12,000 cars, and the stock fell more than 4% the same day.
โ The Model 3 and Model Y carried 341,893 of those deliveries. Thatโs 97% of everything Tesla moved this quarter. The other 3%? A category that no longer exists.
โ The Model S and X are done.
โ Tesla ended production on both vehicles. Elon Musk posted on his own social network X that orders โhave come to an end,โ adding โI love those cars.โ The Fremont factory lines where they were built will now assemble Optimus robots.
โ So the man phased out his car lineup and replaced it with robots. Weโre in a simulation.
โ Musk has been steering the company toward self-driving taxis (Cybercab) and humanoid robots, but neither is generating revenue yet. Auto sales are still what keeps the lights on.
โ The stock is down 15% for the quarter.
โ The next date to watch: April 22. Thatโs Teslaโs Q1 earnings call.
โ ๐ฅก The Takeaway: The delivery miss is already in the stock. Watch April 22 earnings for what Musk says about the Cybercab and Optimus timeline. Thatโs what traders are waiting on.
๐ซ TMYK โA quick pop quiz to help you learn about the market. The more you know!โ โ
The gap between the best buy price and best sell price is the ______.
a.) yield
b.) float
c.) bid-ask spread
โ Scroll down for the answer!
Gimme some mo' โMore news from 'round the market. โ
๐ค Nvidia spreads the love... againโ Nvidia (NVDA) took a $2B stake in Marvell (MRVL) and MRVL jumped 9% as the AI money train kept rolling [Link]
โ ๐ฅด Microsoft had a rough quarterโ Microsoft (MSFT) logged its worst quarter since 2008 as traders questioned its AI story and the whole software group caught the side eye [Link]
โ ๐ฎ๐ช Intel bought the factory backโ Intel (INTC) jumped 10% after it paid $14.2B to buy back the stake in its Ireland chip fab, signaling it feels better about its balance sheet [Link]
โ ๐ The weight loss pill fightโ Novo Nordisk (NVO) said its Wegovy pill beat Eli Lillyโs (LLY) new pill in a cross trial comparison, turning GLP 1 headlines into stock fuel [Link]
โ โ๏ธ Big Techโs legal shield cracksโ Meta (META) and Alphabet (GOOGL) are getting hit with lawsuits built to dodge Section 230, which raises the stakes for how AI features get treated in court [Link]
โ ๐ช Defense tech gets a spotlightโ War pressure is pushing demand for cheaper drones and counter drone tools, putting names like Palantir (PLTR) and AeroVironment (AVAV) on more tradersโ radar [Link]
๐คณ๐พ Let me check my palm pilot โEarnings events on deck this coming week.
โ โTuesday 4/14: CarMax (KMX), Citigroup (C), Johnson & Johnson (JNJ), JPMorgan Chase (JPM), Wells Fargo (WFC)
โ Wednesday 4/15: ASML (ASML), Bank of America (BAC), Kinder Morgan (KMI), Morgan Stanley (MS), PNC Financial (PNC), Progressive (PGR)
โ Thursday 4/16: Abbott (ABT), Alcoa (AA), Bank of New York Mellon (BK), Charles Schwab (SCHW), Netflix (NFLX), PepsiCo (PEP), Prologis (PLD), Taiwan Semiconductor (TSM), Travelers (TRV), U.S. Bancorp (USB)
โ Friday 4/17: Ally Financial (ALLY), Fifth Third Bancorp (FITB), Regions Financial (RF), State Street (STT), Truist Financial (TFC) โ
โ Copyright Simply Put 6935 Aliante Pkwy Ste 104-236, North Las Vegas, NV 89084 โ
This newsletter is by no means a solicitation to buy or sell any of the above-mentioned securities. It is for educational and entertainment purposes only. Any views expressed here do not necessarily reflect the views of any affiliate. Expressions of opinion are as of this date, are solely that of the writer and are subject to change without notice. All investments involve risk including the loss of principal and past performance does not guarantee future results. Always do your own research and due diligence. This newsletter may contain affiliate links and we may receive commissions, at no cost to you, for purchases made through links in this email. The MRKTcap team often invests in the same stocks that we cover.
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