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Bessent pitches investors to bet on Trump’s economic plan, OpenAI will remain a non-profit, Palantir CEO cites ‘tectonic shift’ in AI adoption, Ford sees $1.5 billion hit from tariffs, and Nike’s President is out...
Good morning.
The Fast Five → Bessent pitches investors to bet on Trump’s economic plan, OpenAI will remain a non-profit, Palantir CEO cites ‘tectonic shift’ in AI adoption, Ford sees $1.5 billion hit from tariffs, and Nike’s President is out…
The Hidden $20 Stock Billionaires & Congress Are Buying
Buffett. Griffin. Abramovich. Koch Brothers. Congress.
They're all quietly investing in the same $20 stock.
Why? It sits in a sector that impacts $85 trillion in economic activity - that's 13x bigger than oil. And the AI revolution could send this stock soaring.
Get the ticker here »
-from Behind The Markets
Calendar: (all times ET) - Full Calendar
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Your 5-minute briefing for Tuesday, May 6:
US Investor % Bullish Sentiment:
↓ 20.94% for Week of MAY 1 2025

Previous week: 21.94%. Updates every Friday.
Market Wrap:
S&P -0.64%, Nasdaq -0.74%, Dow -0.24%; S&P snapped 9-day win streak.
India reportedly proposed zero tariffs on steel, auto parts, pharma.
Bessent, Trump say trade deals could come this week—but no China talks.
Trump authorizes 100% tariff on foreign films; NFLX -2%, PARA -1%+.
Siegel: “I don’t think the impact has hit us yet.”
Fed meeting starts Tues; rate cut odds low, but Powell commentary key.
EARNINGS
Here’s what we’re watching this week:
Today: Coty $COTY ( ▲ 0.2% )
Advanced Micro Devices $AMD ( ▲ 1.08% ) - EPS of $3.61 on $29.8B revenue
Wednesday: Arm Holdings $ARM ( ▲ 1.23% ), DoorDash $DASH ( ▲ 3.06% ), Shopify $SHOP ( ▼ 1.46% ), Uber $UBER ( ▲ 1.12% )
Walt Disney $DIS ( ▼ 0.1% ) - UBS analyst reiterates Buy rating but reduced his 12-mo price target to $105 from $130
Thursday: DraftKings $DKNG ( ▲ 1.52% ), MARA $MARA ( ▲ 2.22% ), Paramount Global $PARA ( ▼ 0.67% ), Peloton $PTON ( ▲ 12.16% ), Tapestry $TPR ( ▼ 0.48% )
Coinbase $COIN ( ▼ 1.12% ) - Analyst overweight (or "Buy") rating on COIN and a 12-mo target price of $310
What Does Buffett Know that We Don’t?
Why has he plunked down $40 billion into this sector...
Is it because this one stock could quietly fund your retirement?
It's not a flashy AI company.
It's not a tech startup.
But Elon Musk says civilization would crumble without their work.
And right now, it's making so much money they're paying a near 8% dividend - even during this market crash!
You have the opportunity to get in on this undervalued "tarrif-proof" play.
Click here to discover what we're calling “the last retirement stock you’ll ever need.” »
- from Behind The Markets -
HEADLINES
S&P 500 snaps 9-session win streak after latest Trump tariff (more)
US services sector expands with hints of rising price pressures (more)
Trump movie tariffs threat bashes entertainment stocks (more)
Dollar restrained by surge in Asian counterparts (more)
Oil steadies after falling to four-year lows in previous session (more)
China’s economy on cusp of a deflationary death spiral (more)
Tariff fears loom large at Milken as execs try to stay calm (more)
Palantir lifts full-yr guidance as CEO cites ‘tectonic shift’ in AI adoption (more)
Ford pulls outlook, sees $1.5 billion hit from Trump tariffs (more)
Apple prices first bond offering in 2 years (more)
Nike President O’Neill is out in latest shake-up under new CEO (more)
Rite Aid files for second bankruptcy, announces job cuts (more)
DEALFLOW
M+A | Investments
3G Capital to buy Skechers footwear brand for $9.4 billion
OpenAI agrees to buy Windsurf for about $3 billion
Pershing Square to boost Howard Hughes stake with $900M Investment
CoreWeave, a cloud platform provider, acquired Weights & Biases, an AI developer platform
HubSync, a tax and accounting platform, received an over $100M growth investment from Thoma Bravo
Mission Wealth, a wealth management firm, received an investment from Great Hill Partners
LlamaIndex, a platform for agentic document workflows, received investments from Databricks and KPMG
Vector, a logistics workflow platform for shippers, carriers, and retailers, received an investment from BVP Forge
SETWorks, software solutions for human services organizations, received an investment from Polaris Growth Fund
VC
Anysphere, a builder of an AI coding assistant called Cursor, reportedly raised $900 million in funding at around a $9 bln valuation
Atlas Data Storage, a tech company building end-to-end DNA data storage solutions, raised $155M in Seed financing
Rainmaker Technology, a water precipitation enhancement startup, reportedly raised $25M in Series A funding
Kintsugi, a sales tax compliance startup, raised $18M in funding
Trek Health, a payment and insurance workflow automation platform for mental health, raised $11M in Series A funding
ChurchSpace, a platform that connects churches with people seeking event spaces, raised $1.2M in funding
CRYPTO
BULLISH BITES
🚨 Missed the AI boom? This $20 stock could be bigger. *
📉 What investors need to know during times of turbulence.
🤖 Meet the companies racing to build quantum chips.
✈️ It's the end of cheap flying as Americans tire of budget airlines.
🍺 The best beers in the world.
DAILY SHARES
the most logical play for an Alcatraz re-opening
— Trung Phan (@TrungTPhan)
11:00 PM • May 5, 2025
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