To The Moon

We saw the market experienced volatile trading on Tuesday (29 April) throughout the session. This is due to the initial caution faced by investors due to uncertainties surrounding tariffs, especially after Treasury Secretary Bessent mentioned upcoming discussions with 17 key trade partners, excluding China, which is not currently engaged in tariff talks with the U.S.

Next we saw the April Consumer Confidence Index dropped to 86.0, below expectations of 88.3, influenced by the lowest Expectations Index since October 2011. Meanwhile, 12-month inflation expectations surged to 7.0%, the highest since November 2022. These two readings caused some small selloffs but an executive order from President Trump aimed at preventing duplicate tariffs on specific imports, such as vehicles and parts, provided relief, especially after consumer confidence data indicated a decline.

The stock market managed to close positively with the DJIA climbing 300 points above Monday's closing. The S&P 500 and NASDAQ both achieved a 0.6% increase compared to the start of the week. This upward trend is attributed to ongoing momentum from previous gains, bringing the S&P 500 closer to its 50-day moving average, now less than 1% away.

Ten S&P Sectors Closed In The Green Except Energy

In the S&P 500, all sectors but energy ended the day positively. The financial, materials, and consumer staples sectors led with gains of 0.97%, 0.92%, and 0.77% respectively.

The only lagger was Energy which lost 0.37%.

The energy sector fell due to declining oil prices, closing at $60.42 per barrel, a 2.7% drop. Earnings reports were mixed, with $General Motors(GM)$ slipping by 0.6% after announcing results that did not factor in tariff effects. On the brighter side, Honeywell (HON) soared 5.4% and Sherwin-Williams (SHW) rose 4.8%, reflecting strong earnings.

Employment Data To Watch Next

I think there are some economic reports that as investors, we should be watching :

• Weekly MBA Mortgage Index

• April ADP Employment Change

• Q1 Employment Cost Index

• Advance Q1 GDP and GDP Deflator

• April Chicago PMI

• March Pending Home Sales along with various personal income and spending data

• Weekly crude oil inventories

Stocks To Watch

$Honeywell(HON)$ experienced a significant boost, with shares rising 5.4% following its quarterly earnings report. The industrial conglomerate reported an 8% year-over-year increase in sales, reaching $9.8 billion, surpassing Wall Street estimates. Notably, Honeywell raised its full-year profit forecast despite potential tariff impacts of up to $500 million, driven by strong demand in Building Automation and other segments.

$Visa(V)$ reported a strong fiscal second quarter, with Non-GAAP EPS of $2.76, beating estimates by $0.08. Revenue increased by 9.1% year-over-year to $9.6 billion, driven by growth in payments volume and cross-border transactions. The company's consistent performance underscores its robust position in the payments industry.

If we looked at how Visa share have been trading on the weekly, it looked like the bulls have managed to hold the level well, and we could be seeing a weekly uptrend build up with the strong quarter earnings, this could be important for the payment industry as this might signal consumer spending and also the payment volume increase, helping other payment stock reporting their result soon.

$Amazon.com(AMZN)$ faces a strategic dilemma as tariff costs rise, threatening its retail margins. Mark Mahaney of Evercore ISI highlighted that Amazon must choose between absorbing these costs or risking market share. The e-commerce giant is expected to prioritize maintaining its market position, even if it means reversing recent margin gains.

United Parcel Service (UPS) reported Q1 2025 results with consolidated revenue of $21.5 billion, a slight decrease year-over-year. However, operating profit increased, and the company is aggressively reducing Amazon-related volume by over 50% by June 2026 as part of a strategic shift toward higher-margin business.

Booking Holdings (BKNG) reported impressive Q1 results, with Non-GAAP EPS of $24.81, significantly exceeding expectations. Revenue grew 7.7% year-over-year to $4.76 billion, driven by a 7% increase in room nights. Despite strong financials, shares fell 5.08%, reflecting market volatility.

$Starbucks(SBUX)$ reported incremental sales progress under CEO Brian Niccol, though it fell short of consensus expectations. Global comparable store sales declined by 1%, with a notable 2% decline in U.S. comparable transactions. The company continues to adapt its strategies to navigate challenging consumer dynamics.

Though SBUX might report incremental sales progress but we need to exercise caution on the share price, because it is the bears who are in control, and SBUX is still far from breaking out of the bearish situation, on the weekly we are not seeing any signs of SBUX able to make any significant upside move.

Do trade with caution on this stock.

Snap Inc. (SNAP) delivered a Q1 GAAP EPS of -$0.08, beating expectations by $0.05. Revenue increased by 14.3% year-over-year to $1.36 billion, driven by a 9% increase in Daily Active Users. Despite positive user growth, shares declined by 2% amid broader market pressures.

Summary

I think we might still see some volatile trading today (30 April) before we end April with modest or flat performance, there are still uncertainty on how the tariffs talks are going, any more surprises could derail some of the earnings, we will have the big tech earnings coming up starting from today (30 April).

Hope we can see some clues on how the market would react to these big tech earnings.

Appreciate if you could share your thoughts in the comment section whether you think market would continue to experience volatile trading and closed with modest or flat performance for April.

@TigerStars @Daily_Discussion @Tiger_Earnings @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.