🚘🚘 Uncertainty and Gridlock

📉 Thursday gridlock - On Thursday, stocks had a rough day, like a teenager with a new driver's license - all over the place 😅. Factors like regional bank troubles, failed deals, and concerns over China's economy and the US debt ceiling made things challenging. Yet, the market didn't fully collapse, which is quite impressive, like a cat always landing on its feet 🐱.

The market's resilience in the face of adversity on Thursday leaves room for hope that it may recover. It's like a phoenix rising from the ashes 🔥, but for now, it's essential to keep an eye on the situation and stay informed on how these factors play out.

🐻 Bear talk - Some market participants, known as bears 🐻, focus on the negative aspects, like China's slow growth and the unresolved US debt ceiling. They're the pessimistic pals at the party. On the other hand, bulls 🐂, the eternal optimists, point to strong earnings reports from certain companies and a rebound in consumer spending in China.

🏦 ECB: The ECB made a "no surprises here" move, raising policy rates by 25 basis points. They're like that friend who always orders the same dish at a restaurant. But hey, they're getting close to finishing their tightening journey, with maybe a couple more rate hikes in store.

💸 The Fed: The Fed has tightened policy like it's going out of style, and we're still waiting for the full impact. They think they're nearly done squeezing, and future hikes will need a solid reason. The Fed's dovish shift is like the friend who suddenly starts buying rounds for everyone – stocks are breathing a sigh of relief.

🏛️ Regional Banks: The failed FHN-TD deal is like regulators dropping the ball in a high-stakes game. Now, regional banks are scrambling to find solutions like students pulling an all-nighter. The real issue isn't an immediate meltdown, but a long-term existential crisis – "To be or not to be a regional bank, that is the question." On the bright side, WAL and PACW show that deposits are holding up like a champ.

💰More Earnings!

Auto

CVNA (Carvana) 🚗, an online car retailer, reported better EBITDA than expected and is targeting positive EBITDA in Q2 due to aggressive cost-cutting measures ✂️.

Consumer

FIGS (FIGS Inc.) 🩺, a medical apparel company, reported decent Q1 upside and raised guidance for the year 📈.

MNST (Monster) 🥤, an energy drink company, reported strong EPS upside due to healthy margins and lower costs 💪.

POST (Post Holdings) 🍽️, a consumer packaged goods company, reported solid Q2 upside and raised full-year EBITDA guidance 📊.

SG (Sweetgreen) 🥗, a fast-casual restaurant chain, outperformed expectations on the bottom line and increased EBITDA outlook, while other guidance remains unchanged 🔄.

Financials

AIG (American Int'l Group) 🏦, an insurance provider, reported solid EPS upside and returned $844 million to shareholders 💰.

COIN (Coinbase) 💱, a cryptocurrency exchange, reported a huge EBITDA beat, with revenue increasing 22% Q/Q and operating expenses dropping 24% 🔼.

Healthcare

PODD (Insulet) 💉, a medical device manufacturer, reported strong upside and raised its expected revenue growth for 2023 🌡️.

TRUP (Trupanion) 🐶, a pet insurance provider, reported a relatively large EPS miss due to higher veterinary inflation 📉.

Real Estate

🏠 BECN (Beacon Roofing), a supplier of roofing materials, managed to make a bit more profit than anticipated. But watch out, folks! Some storm clouds are looming with residential construction and stock management putting a damper on their parade. 🌧️💸

📉 CWK (Cushman & Wakefield), a commercial real estate services firm, stumbled this quarter with a large shortfall. Between the challenging macroeconomic environment and slow transactions, it seems their luck has run out. Better buckle up, folks! 🎢

🎯 FND (Floor & Décor), a specialty retailer in hard-surface flooring, hit the bullseye with their Q1 results, matching expectations. With no changes in full-year guidance, it looks like they're sticking to the plan. Status quo for now! 🧱📊

🚀 OPEN (Opendoor), the online platform for buying and selling homes, soared past expectations with strong revenue. Sure, they're still losing money, but not as much as everyone thought. Maybe their crystal ball is showing something we can't see yet! 🔮💰

📈 RDFN (Redfin), an online real estate brokerage, posted some solid upside in Q1. They're keeping things in the green and on track for full-year adjusted EBITDA in 2023. Looks like they've got their compass pointed in the right direction! 🏡🧭

😅 RMAX (RE/MAX), the global real estate franchise company, managed to stay afloat this quarter, with results in line with the Street. They're still adjusting to higher interest rates, but there's a glimmer of hope with some encouraging trends towards the end of Q1. Fingers crossed! 🏊📈

Tech

🍏 AAPL (Apple), the tech giant, surprised us with better-than-expected results for FQ2. iPhones and wearables raked in the cash, while Macs and services didn't quite make the cut. But hey, a little extra buyback and a dividend bump can't hurt, right? 💰📱

💻 BIGC (BigCommerce), an e-commerce platform, delivered solid ARR and profitability, tightening the guidance for the year. Not too shabby, BigC, not too shabby! 👌

📱 BILL (Bill.com), the payment processing platform, crushed expectations with EPS and revenue, and they're raising the bar for the June guidance. Money, money, money! 💸

🐝 BMBL (Bumble), the popular dating app, reported modest upside and approved a $150M buyback. Love is in the air, and so is the cash! 💖💰

🔧 COHU (Cohu), a semiconductor testing company, had modest EPS upside with inline revenue. They're keeping it steady with a Q2 revenue guidance close to the Street's expectation. 📈

🎵 CRUS (Cirrus Logic), a mixed-signal integrated circuits provider, posted solid FQ4 upside, but their June Q guidance is a bit of a downer. Fingers crossed for better tunes in the future! 🎶

🚚 DASH (DoorDash), the food delivery service, satisfied our hunger for good results with upside in revenue, GMV, and EBITDA. They're also aggressively buying back stock – yum! 🍔💰

📞 FIVN (Five9), a cloud contact center solution, delivered strong upside in Q1 and raised guidance for the year. Seems like they're dialing the right numbers! ☎️📈

🔒 FTNT (Fortinet), a network security company, had solid Q1 results and raised guidance for the year. Looks like they're keeping things secure on the financial front too! 🛡️💪

💼 GDDY (GoDaddy), the web hosting and domain registrar, reported Q1 results mostly inline with expectations. They're holding steady with their full-year guidance. Business as usual! 🌐

🚗 LYFT (Lyft), the rideshare company, delivered solid March Q results, but their June Q guidance took a detour. Let's hope they find their way back on track! 🚘

🔌 MCHP (Microchip), a semiconductor manufacturer, reported solid FQ4 upside, and the guide is decent too. They've got some inventory issues, but they're still powering through! 💡

⚡ MPWR (Monolithic Power), a power solutions provider, had modest EPS upside and inline revenue. They're keeping it electric, despite a slightly dim June Q guidance. 💥

📟 MSI (Motorola Solutions), a communication solutions provider, reported strong Q1 upside and raised guidance for the year. Looks like they're on the right frequency! 📡

💳 NCR (NCR Corp.), an ATM and POS systems provider, had Q1 results pretty much inline and affirmed full-year guidance. Just doing their thing, nothing to see here! 🏧

🔳 SQ (Block), the financial services and mobile payments company, reported strong upside, with EBITDA and gross profit beating expectations. It's hip to be square (well, Block) these days! 💹

🛠️ TEAM (Atlassian), a collaboration software company, reported decent results for FQ3, but their revenue guidance for the next quarter (June) is slightly lower than expected. On the bright side, their operating margin guidance for the June quarter is higher than analysts' forecasts. They're still working well together as a team! 📊👥

Travel

🧳 BKNG (Booking), an online travel agency, reported solid Q1 earnings, beating EPS and revenue expectations, but fell short on EBITDA. They're booking their way to the top, but need to work on their profit game. 📈✈️

🎲 DKNG (DraftKings), a sports betting company, scored big in Q1 with strong revenue and user growth, surpassing expectations. They're raising their guidance for the year, so bet on their success! 🏈💰

🧭 EXPE (Expedia), an online travel booking platform, experienced a mixed Q1 with strong bookings but missed earnings expectations. They're flying high, but need to tighten their seat belts for smoother earnings. 🌎🚀

🎤 LYV (Live Nation), a live events promoter, rocked Q1 with significant revenue and fan count growth. They're living it up, and their fans can't get enough! 🎵🕺

🍽️ YELP (Yelp), a local business review platform, served up a tasty Q1, beating revenue and EBITDA expectations. They're raising their revenue guidance for the year, so it seems the reviews are in - and they're positive! 🌟🍜