Wall St Engine
RT @wallstengine: PAIN TRADE IS INDEX GOING HIGHER, LED BY MAG 7 - GS
"Given large MF underweights & HF l/s ratio across Mag 7 at all time lows (per gs pb chart below), the pain trade from here is index keeps going higher led by Mag 7 (if rally holds today will be S&P 500’s 8th consecutive close in the green...only happened 7 times since 2004)... Added greenshoots with corporates continuing to exit blackout & CTAs projected buyers across the board."
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RT @wallstengine: PAIN TRADE IS INDEX GOING HIGHER, LED BY MAG 7 - GS
"Given large MF underweights & HF l/s ratio across Mag 7 at all time lows (per gs pb chart below), the pain trade from here is index keeps going higher led by Mag 7 (if rally holds today will be S&P 500’s 8th consecutive close in the green...only happened 7 times since 2004)... Added greenshoots with corporates continuing to exit blackout & CTAs projected buyers across the board."
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Wall St Engine
TAKE-TWO DELAYS GTA VI TO MAY 2026
$TTWO confirms Grand Theft Auto VI will now launch May 26, 2026, missing the originally planned Fall 2025 window. Rockstar says the extra time will help realize its “creative vision.” Still expects record net bookings in FY26 & FY27. https://t.co/ZlnJx3VTal
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TAKE-TWO DELAYS GTA VI TO MAY 2026
$TTWO confirms Grand Theft Auto VI will now launch May 26, 2026, missing the originally planned Fall 2025 window. Rockstar says the extra time will help realize its “creative vision.” Still expects record net bookings in FY26 & FY27. https://t.co/ZlnJx3VTal
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Wall St Engine
Wild to think we’ll probably see robotaxis on the road before GTA VI drops. They really skipped two whole PlayStation generations at this point. On behalf of every gamer’s eyeballs: 😢 https://t.co/NJbW5bODSv
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Wild to think we’ll probably see robotaxis on the road before GTA VI drops. They really skipped two whole PlayStation generations at this point. On behalf of every gamer’s eyeballs: 😢 https://t.co/NJbW5bODSv
TAKE-TWO DELAYS GTA VI TO MAY 2026
$TTWO confirms Grand Theft Auto VI will now launch May 26, 2026, missing the originally planned Fall 2025 window. Rockstar says the extra time will help realize its “creative vision.” Still expects record net bookings in FY26 & FY27. https://t.co/ZlnJx3VTal tweet
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Capital Employed
A fresh batch of Q1 fund letters just added including excellent letters from...
@DeepSailCapital @wmthomson22 @1MainCapital
https://t.co/lJZP1lUdTx https://t.co/gZ1qI8N2uk
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A fresh batch of Q1 fund letters just added including excellent letters from...
@DeepSailCapital @wmthomson22 @1MainCapital
https://t.co/lJZP1lUdTx https://t.co/gZ1qI8N2uk
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Wall St Engine
Jefferies Downgrades $AAPL to Underperform from Hold, Raises PT to $170.62 from $167.88; 'Mar Q In Line but Tariff Impact Likely to Worsen'
Analyst comments: "Apple reported 5%/5%/8% rev/NP/EPS growth for 2QFY25, in line with cons and above JEFe. Mgt indicated limited pull in for the Mar Q, but guided only LSD-MSD rev growth and US$900m tariff impact in the next Q. We est that implies 7m iPhone P/PM shipments from China, good enough for US demand in the Jun Q. Product GM is already under pressure, down 0.7ppt YoY. We believe tariff impact will expand over time to create more earnings downside. D/G to Underperform."
Analyst: Edison Lee
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Jefferies Downgrades $AAPL to Underperform from Hold, Raises PT to $170.62 from $167.88; 'Mar Q In Line but Tariff Impact Likely to Worsen'
Analyst comments: "Apple reported 5%/5%/8% rev/NP/EPS growth for 2QFY25, in line with cons and above JEFe. Mgt indicated limited pull in for the Mar Q, but guided only LSD-MSD rev growth and US$900m tariff impact in the next Q. We est that implies 7m iPhone P/PM shipments from China, good enough for US demand in the Jun Q. Product GM is already under pressure, down 0.7ppt YoY. We believe tariff impact will expand over time to create more earnings downside. D/G to Underperform."
Analyst: Edison Lee
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Wall St Engine
DA Davidson Cites “Strong Subscriber Growth & Resilient Trends” as It Maintains Buy on $DUOL, Raises PT to $470 from $410
Analyst comments: "Duolingo reported Q1’25 results that came in 3% ahead of our estimates on revenue and 11% ahead on adjusted EBITDA. First-quarter performance was driven by continued subscriber growth and strong uptake of higher-priced plans like Duolingo Max and the Family plan. Duolingo’s Q2 guidance of 40–45% year-over-year daily active user (DAU) growth came in ahead of consensus and our estimate at the midpoint, supported by ongoing product optimization and strength in resurrected users—42.5% DAU growth expected at the midpoint, even while lapping 59% year-over-year growth in Q2’24.
Despite uneasiness in the macro environment and reports of broader consumer softness, Duolingo indicated it has not seen any softness in the quarter, and that usage trends remain strong. During past periods of macro weakness, the company noted it tends to be well positioned due to: (1) its global presence, (2) its freemium model, which at minimum sustains user engagement, and (3) its low pricing relative to the high value provided. In prior instances of concern around consumer spending, Duolingo has not typically seen a corresponding drop-off in its performance. We reiterate our Buy rating."
Analyst: Wyatt Swanson
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DA Davidson Cites “Strong Subscriber Growth & Resilient Trends” as It Maintains Buy on $DUOL, Raises PT to $470 from $410
Analyst comments: "Duolingo reported Q1’25 results that came in 3% ahead of our estimates on revenue and 11% ahead on adjusted EBITDA. First-quarter performance was driven by continued subscriber growth and strong uptake of higher-priced plans like Duolingo Max and the Family plan. Duolingo’s Q2 guidance of 40–45% year-over-year daily active user (DAU) growth came in ahead of consensus and our estimate at the midpoint, supported by ongoing product optimization and strength in resurrected users—42.5% DAU growth expected at the midpoint, even while lapping 59% year-over-year growth in Q2’24.
Despite uneasiness in the macro environment and reports of broader consumer softness, Duolingo indicated it has not seen any softness in the quarter, and that usage trends remain strong. During past periods of macro weakness, the company noted it tends to be well positioned due to: (1) its global presence, (2) its freemium model, which at minimum sustains user engagement, and (3) its low pricing relative to the high value provided. In prior instances of concern around consumer spending, Duolingo has not typically seen a corresponding drop-off in its performance. We reiterate our Buy rating."
Analyst: Wyatt Swanson
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Wall St Engine
TRUMP: NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!
"Gasoline just broke $1.98 a Gallon, lowest in years, groceries (and eggs!) down, energy down, mortgage rates down, employment strong, and much more good news, as Billions of Dollars pour in from Tariffs." https://t.co/FSqlu8Gir7
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TRUMP: NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!
"Gasoline just broke $1.98 a Gallon, lowest in years, groceries (and eggs!) down, energy down, mortgage rates down, employment strong, and much more good news, as Billions of Dollars pour in from Tariffs." https://t.co/FSqlu8Gir7
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