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A diagnostics giant just beat earnings but fell short on revenue, a regional lender topped profit estimates, and an AI-driven medical imaging firm is soaring 70% after being acquired in a deal that valued it at an 86% premium. Read on to find out more.
Technology (Sponsored)
Apple’s Starlink Update Sparks Huge Earning Opportunity
Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.
One of the biggest potential winners? Mode Mobile.
Mode’s EarnPhone already reaches +45M users that have earned over $325M, and that’s before global satellite coverage. With SpaceX eliminating "dead zones" worldwide, Mode's earning technology can now reach billions more.
Mode is now gearing up for a possible Nasdaq listing (ticker: MODE) but you can still invest in their pre-IPO offering at $0.30/share before their share price changes.
*An intent to IPO is no guarantee that an actual IPO will occur. Please read the offering circular and related risks at invest.modemobile.com.
*The Deloitte rankings are based on submitted applications and public company database research.
Futures 📈
What to Watch
Earnings:
Kinder Morgan, Inc. [KMI]: Aftermarket
CSX Corporation [CSX]: Aftermarket
Rexford Industrial Realty, Inc. [REXR]: Aftermarket
Alcoa Corporation [AA]: Aftermarket
Economic Reports:
U.S. Retail Sales [March]: 8:30 am
Retail Sales ex. Autos [March]: 8:30 am
Industrial Production [March]: 9:15 am
Capacity Utilization [March]: 9:15 am
Business Inventories [February]: 10:00 am
Home Builder Confidence Index [April]: 10:00 am
Cleveland Fed President Hammack will speak at 12:00 pm
Fed Chairman Jerome Powell will speak at 1:30 pm
Kansas City Fed President Jeff Schmid & Dallas Fed President Lorie Logan will speak at 7:00 pm
Next-Gen Resource Leaders (Sponsored)
On Behalf of Abitibi Metals
Most copper juniors are still stuck in the past.
Not this one.
This team just delivered an updated copper-gold resource with nearly 1 billion pounds of copper equivalent and grades that rival billion-dollar names.
Their standout zone? 11.4% CuEq over 10.6 metre— and strong gold credits embedded throughout the deposit.
Even more telling?
They’ve already drilled 30,000 metres, raised over $32 million, and are fully funded for an additional 50,000.
Insiders aren’t just confident—they’re committed. Over 3 million shares have been bought on the open market since January.
And despite a valuation of just $31 million CAD, this explorer was invited to present at a prestigious institutional mining conference—sharing the stage with companies worth 20x more.
Copper is rallying again. Tariffs are looming. Demand is accelerating.
Meanwhile, this under-the-radar explorer is quietly checking every box: scale, grade, jurisdiction, and momentum.
This could be the next story to move—fast.
*SGS Canada Inc. is responsible for the Technical Report. The Qualified Persons (“QPs”), as defined under NI 43-101, are Yann Camus, P.Eng., and Olivier Vadnais-Leblanc, P.Geo.
Diagnostics
Abbott Beats Q1 Earnings Estimates, Misses Revenue Mark
Abbott Laboratories (NYSE: ABT) reported better-than-expected earnings for the first quarter of 2025, with adjusted earnings per share reaching $1.09—beating Wall Street expectations by $0.02.
However, quarterly revenue has come in at $10.36 billion, falling short of forecasts by $60 million.
While total reported revenue grew 4% year-over-year, organic growth climbed 6.9%.
Excluding the continued decline in COVID-19 testing sales, organic sales growth reached a more robust 8.3%, underscoring strength across the company’s core healthcare segments.
Despite the revenue miss, Abbott reiterated confidence in its financial trajectory.
The company projects full-year 2025 organic sales growth in the range of 7.5% to 8.5%, with an adjusted operating margin target between 23.5% and 24%.
Adjusted diluted earnings for the full year are forecasted between $5.05 and $5.25, bracketing the current analyst consensus of $5.15.
For the second quarter, the company expects adjusted EPS in the range of $1.23 to $1.27.
Abbott’s performance signals continued stabilization following the pandemic-driven fluctuations in diagnostic demand, as its core medical device, nutrition, and established pharmaceutical businesses continue to anchor broader growth.
Banking
U.S. Bancorp Tops Q1 Estimates on Strong Noninterest Income
U.S. Bancorp (NYSE: USB) reported stronger-than-expected earnings for the first quarter of 2025, with adjusted EPS of $1.03, topping analyst estimates of $0.98.
While net interest income is slightly below forecasts, the bank’s noninterest income—driven by fees and other operations—has come in higher than projected at $2.84 billion.
Total revenue growth reached 3% year-over-year, supported by disciplined expense management and a 270-basis point improvement in operating leverage.
CEO Gunjan Kedia highlighted this as the third consecutive quarter where revenue growth outpaced expense growth.
Net interest income on a taxable equivalent basis landed at $4.12 billion, just below the consensus estimate of $4.13 billion, and down from $4.18 billion in Q4 2024.
The bank’s net interest margin has improved slightly to 2.72%.
The provision for credit losses has eased to $537 million, down from both the prior quarter and the year-ago period.
Net charge-offs hold steady, with minimal changes across reporting periods.
Looking ahead, U.S. Bancorp projects Q2 net interest income between $4.1 and $4.2 billion and expects full-year revenue to grow between 3% and 5%.
The company also maintains a goal of 200+ basis points of positive operating leverage in 2025.
Shares of U.S. Bancorp are up 1.5% in premarket trading.
High-Grade Resource (Sponsored)
On Behalf of Abitibi Metals
A $31M junior just posted nearly 1B lbs of copper equivalent.
With insiders and institutions piling in, this could be the next breakout.
[Full details here.]
*SGS Canada Inc. is responsible for the Technical Report. The Qualified Persons (“QPs”), as defined under NI 43-101, are Yann Camus, P.Eng., and Olivier Vadnais-Leblanc, P.Geo.
Insurance
Wildfires Burn Through Travelers’ Earnings with $2.27 Billion Catastrophe Hit Yet Shares Still Rise
Travelers (NYSE: TRV) reported a steep 60% decline in first-quarter profit, with the company absorbing more than $2.27 billion in catastrophe losses linked to the devastating January wildfires in Los Angeles.
The disaster, one of the most destructive in California’s history, is estimated to have caused up to $250 billion in economic damage.
Despite efforts in recent years to reduce exposure to high-risk regions, the insurer’s results show that extreme weather events continue to significantly impact the industry.
For the quarter ending March 31, Travelers posted a core income of $443 million, or $1.91 per share—down from $1.1 billion, or $4.69 per share, during the same period last year.
However, the earnings are well above analysts estimates of $0.79 per share, which is causing its stock to rise 2.9% in premarket trade.
CEO Alan Schnitzer said that the company is still delivering a “substantial profit” amid mounting catastrophe costs but warned that regulatory constraints in California have made it difficult to adequately price risk.
He reiterated past concerns that stringent state oversight forces insurers to underprice policies, reducing market competition and hurting consumers in the long run.
The insurer also faces fresh challenges from recently imposed tariffs, which may drive up repair and rebuilding costs across the industry.
Travelers’ shares have declined 5.6% since President Donald Trump announced broad trade levies on April 2.
Movers and Shakers
iCAD, inc. [ICAD] - Last Close: $1.93
iCAD creates AI-powered solutions for early detection of cancer. Its shares are soaring 70%+ in premarket trading after announcing it will be acquired by RadNet in a stock-for-stock transaction valued at $103 million.
Under the deal, RadNet will issue 0.0677 shares for each iCAD share, equating to $3.59 per share—an 86% premium to iCAD’s last closing price.
My Take: This acquisition gives iCAD shareholders a strong exit and RadNet a solid AI asset, making it a win-win for both. The deal could accelerate AI adoption in radiology, but keep an eye on how the merger progresses.
Pioneer Power Solutions, Inc. [PPSI] - Last Close: $2.72
Pioneer Power Solutions designs, manufactures, and services electrical power systems, distributed energy resources, and power generation equipment.
Its stock is gaining momentum in premarket trading after posting a dramatic swing to profitability in Q4 2024. The company reported $36.3 million in net income, up from a $4.5 million loss the previous year, boosted by $35.5 million in income from discontinued operations.
My Take: Pioneer’s pivot toward mobile EV charging seems to be paying off. If they continue scaling rentals and clean up core operations, this turnaround story could have real legs. Keep a close watch on how things proceed from here.
TH International Limited [THCH] - Last Close: $2.58
TH International Limited is the exclusive operator of Tim Hortons in China.
Despite a 12% revenue drop, THCH posted a 353% jump in company-operated store contributions and saw significant margin improvements, highlighting effective cost control and a strategic shift to franchising in its Q4 report yesterday. This is sending its shares rising 8.5% in premarket trade.
My Take: While revenue headwinds persist, THCH’s efficiency gains, franchise-led growth, and surging customer base suggest a smart turnaround is brewing—watch this stock to see if the expansion momentum holds.
Tech Titans & Politics (Sponsored)
You may already sense that the tide is turning against Elon Musk and DOGE.
Just this week, President Trump promised to buy a Tesla to help support Musk in the face of a boycott against his company.
But according to one research group, with connections to the Pentagon and the U.S. government, Elon's preparing to strike back in a much bigger way in the days ahead.
Everything Else
ASML’s growth outlook is hit by global uncertainty and a surprise booking shortfall.
Nvidia faces a $5.5 billion hit as U.S. curbs exports of China-focused AI chips.
Zip’s U.S. growth fuels record results and lifts its full-year profit outlook.
U.K. businesses take Google to court over claims of unfair dominance in search advertising.
Hancock Whitney tops earnings estimates as revenue growth holds steady.
Intermodal gains and cost cuts help J.B. Hunt soften its earnings slide.
Omnicom’s Q1 growth hides struggles in its PR and healthcare divisions.
The profit outlook brightens for United Airlines despite slower-than-expected sales.
Strong margins, rising trades, and a dividend boost mark Interactive Brokers’ impressive quarter.
That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
Best Regards,
— Adam Garcia
Elite Trade Club
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