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  • 📈 Cathie Wood Backs Trump, And Why Tariff Bets Could Burn Shorts

📈 Cathie Wood Backs Trump, And Why Tariff Bets Could Burn Shorts

Plus, stocks investors don't talk about yet that you should pay attention to, and more

Happy Monday! Cathie Wood is doubling down on her support for Trump’s economic strategy and fires a warning shot to short-sellers on how they could be in for a rude awakening if this happens. Also, here’s a look at companies that are currently flying under the radar — using Benzinga’s Stock Whisper Index.

— Justin Giles

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MARKET RECAP

Last Week: Stocks fell in a holiday-shortened week, weighed down by renewed tariff uncertainty and a cautious tone from Fed Chair Powell on future rate cuts. The S&P 500 lost 1.5%, bringing its year-to-date decline to 10%, while the Dow fell 3.7% and is now down 8% on the year. The Nasdaq dropped 2.6%, extending its 2024 losses to 15%. UnitedHealth Group sank 20% after slashing its annual profit forecast due to rising medical costs, while Nvidia and AMD also declined significantly this past week due to U.S. export restrictions to China. Offsetting some of the weakness, Eli Lilly surged 14% on positive weight-loss drug trial results, and Netflix rallied after hours on strong earnings.

On Our Radar: Philadelphia Fed President Patrick Harker will be speaking Tuesday morning which can offer investors additional clues about the central bank’s policy outlook. On the earnings front, Verizon, Northrop Grumman, and 3M headline notable companies releasing Q1 results during pre-market on Tuesday.

TOP STORY
The Stock Exchange

Cathie Wood, CEO of ARK Invest, is doubling down on her support for President Trump, and hints that investors who are betting against the market, will be in for a rude awakening. Find out what’s driving her conviction and why she believes the next big move is just around the corner.

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FIVE ZINGERS

Netflix Surge: Netflix's standout Q1 earnings results surpassed Wall Street expectations, however, this analyst remains cautious, suggesting limited upside. Read on to learn more.

Oil Resurgence: After months of decline, oil prices look poised for a comeback after rallying last week. Smart money is stepping in—could this be the bottom? Click to learn more!

Delayed Launch: Tesla has delayed the launch of its affordable Model Y, now expected to start production later this year. Find out how this impacts Tesla's strategy and the EV market

ETF Shift: Healthcare ETFs experienced a wild ride as UnitedHealth's earnings miss weighed on insurers, while Eli Lilly’s breakthrough sparked a rally in pharma. Dive into the sector's latest shifts and find out where the real opportunities lie in this dynamic market.

Gravity Defied: Isaac Newton-inspired crypto defies gravity by surging 7,600% this year. Discover the secret behind its meteoric rise and why this could be a game-changer for investors.

SPECIAL OFFER

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.

Equinix (EQIX): The data center company saw strong interest from readers during the week. Citigroup recently maintained a Buy rating on the stock and lowered the price target from $1,020 to $970. Mizuho also lowered the price target from $1,094 to $1,053 recently while maintaining an Outperform rating. All eyes are likely centered on the company's upcoming first-quarter earnings report on April 30. Analysts expect the company to report revenue of $2.22 billion, up from $2.13 billion in last year's first quarter. Analysts expect the company to report quarterly earnings per share of $9.09, up from $8.86 in last year's first quarter. The company has had recent mixed results beating earnings per share in three of the last four quarters, while missing revenue estimates in four straight quarters.

To keep reading, and get the other Whisper Index stocks, sign up for Benzinga Edge here.

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