Hey Snackers,
Yesterday was the final call for Skype after 22 years of valiant service. Despite the fact that the video and voice chat service boasted 405 million users in 2009, leading Microsoft to buy it in 2011 for $8.5 billion, somehow, it fumbled its massive lead in the space to upstarts like Zoom and (checks notes) Microsoft Teams. Skype may be gone, but like the sound of a dial-up modem, its signature sound will stay with us forever.
US stocks opened well in the red amid fresh tariffs floated by President Donald Trump and a disorderly surge in Asian currencies, particularly Taiwan’s, but spent most of the day clawing back those losses before faltering into the close. The S&P 500’s nine-session winning streak was snapped with a 0.6% decline. The Nasdaq 100 gave back 0.7% and the Russell 2000 brought up the rear with a 0.8% drop.
Palantir burns those holding it after a tough look into the future
Retail trader favorite Palantir reported earnings after the bell, and after a period of volatility, fell as much as 9% in after-hours trading.
At first blush, the news looked pretty good! Top-line growth beat Wall Street’s estimate by 36%, and overall the Q1 numbers matched or beat expectations.
Still, when you’re the biggest riser in the S&P 500 this year, perhaps investors want to see a little more than 39% growth in quarterly revenue year over year.
Expectations were pretty dang high going into earnings, too, as you’d expect for a stock up 450% over the past 12 months.
That said, there are still plenty of reasons to be bullish about the stock. The company also raised its full-year outlook for sales to between $3.89 billion and $3.90 billion, up from the previous target of roughly $3.75 billion.
On the other hand, there is certainly one thing on the mind of everyone who earns a crust by selling to Uncle Sam, and yes, I’m talking about the guy with the chainsaw.
The Takeaway
“Live by the sword, die by the sword” is just so archaic. When the government wants to go to war now, they don’t use swords — they rely on an army of consultants and an arsenal of code, the exact trade plied by Palantir. But the lesson remains: if you live by the sale of swords, you better hope that the main customer responsible for the overwhelming majority of your business isn’t getting skittish about how much money it’s spending on swords.
Tariffs Are Changing the Drone Market, but Hylio Has a Solution
With US tariffs expected to impact Chinese-made drones, the demand for American-built alternatives will increase.
Hylio is ahead of the curve, manufacturing ag-tech drones right here in Texas. With over $30M in lifetime revenue1 and a new US facility that will produce 5,000+ drones annually, they’re scaling quickly. With its FAA-approved swarm technology, the company is poised to disrupt a $556B addressable market.
Hylio already serves 350+ unique customers worldwide (and counting!), including big industry names like the USDA, Nutrien, Wilbur-Ellis, and King Ranch, and there could be even more demand for their USA-made products if costs for Chinese-made systems increase.
Invest in the future of American drones today!2
1 Lifetime revenues are for 9 years.
Hims absolutely crushes earnings, stock whipsaws after-hours
Hims & Hers reported earnings results after the bell yesterday that blew Wall Street expectations out of the park: its earnings per share of $0.20 were way over the $0.12 analysts polled by FactSet were expecting, and the company reported $586 million in sales, up 111% year over year, which is far above the $538.6 million analysts were penciling in. It seemed like a slam dunk of a report at first, but the stock plunged in after-hours trading. What happened?
Well, for one, the company reported that it has 2.37 million subscribers, up 38% from last year but less than the 2.42 million analysts expected. It also said it expects to make between $530 million to $550 million in revenue in the second quarter, less than the $564 million the Street was hoping for.
The stock sinking was good news for one group: the higher-than-usual number of Hims short sellers that were worried about an incoming short squeeze. The stock has been on a massive tear since the news of Hims’ partnership with Novo Nordisk last week, so investors may feel the good news was already mostly priced in. About 45 minutes after the earnings dropped, investors appeared to reconsider things as they dug into the details, and the stock ticked back into the green. Then it went back into the red.
The Takeaway
No matter how much a company beats earnings, it seems investors are always wanting more. Hopefully, Hims’ newly named COO, an Amazon veteran, will help steer the company toward its CEO’s vision of being the Netflix of healthcare.
Big Tech isn’t slowing down spending toward its AI ambitions
Despite economic uncertainty, Amazon, Alphabet, Microsoft, and Meta combined spent about $72 billion on capital expenditures in just the first quarter of 2025. As this chart shows, it’s slightly less than the quarter before, but way, way up year over year.
Never miss a beat.
Stay informed about the latest cross-sector tech trends, data and risk management developments, and the evolving global policy landscape with Nasdaq TradeTalks.
Broadcasting live from Nasdaq MarketSite and beyond, discover critical insights on the forces that are shaping the global markets.
Yesterday’s Big Daily Movers
MARA dropped nearly 9% after reporting a month-over-month decrease in bitcoin mined
Skechers jumped double digits after signing a $9.4 billion deal to go private
Netflix dipped after Trump said he’d slap 100% tariffs on foreign-made films, but recovered somewhat after the White House said “no final decisions” had been made
A nationwide cattle shortage tanked Tyson shares, as the chicken side of its stable can’t make up the difference in sales
What else we're Snackin'
Pop Mart is worth more than the makers of Barbie, Hello Kitty, and Transformers — combined
United Airlines just cut 10% of its flights out of one of its seven major hubs due to air traffic controller understaffing
Tesla is already discounting the cheaper Model Y, and overall sales in Europe aren’t going great
A spike in the Taiwanese dollar reveals the hidden risks of what can happen if US trade policy succeeds
Snack Fact of the Day
Threads reportedly now has over 350 million monthly active users.
Tuesday
Earnings expected from Marriott, Rivian, Super Micro Computer, Celsius, Ferrari, Electronic Arts, and Wynn Resorts
2 Please read the offering circular and related risks at https://www.startengine.com/offering/hylio.This is a paid advertisement for Hylio’s Regulation CF Offering. This Reg CF offering is made available through StartEngine Primary, LLC.
Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
This was a paid for ad. Sherwood Media has been compensated for this ad by the Hylio Reg CF Campaign hosted on StartEngine.