A leading investment bank is rising on strong trading and advisory gains, another top lender is posting healthy wealth management profits, and a debt-heavy healthcare data firm is surging 125% after announcing a major restructuring deal. Find out more below.
Uranium Market (Sponsored)
On Behalf of Azincourt Energy Corp
And the world’s wealthiest, most powerful investors are moving in—Bill Gates, Jeff Bezos, and Sam Altman.
They’ve made their billions in tech revolutions like Amazon, Microsoft, and OpenAI. Now, they’re betting big on nuclear energy.
Gates: His Natrium reactor secured $3 billion in funding.
Bezos: Backing a fusion energy startup.
Altman: Building reactors powered by nuclear waste.
Governments are following suit. The US just poured $6 billion into nuclear energy, while the Trump administration is fast-tracking policies to boost domestic uranium production.
For investors, this is a perfect storm.
The last uranium boom turned a tiny $0.60 stock into a $3.11 billion powerhouse.
The next one could be happening right now.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.
Futures 📈
What to Watch
Earnings:
Children’s Place, Inc. [PLCE] : Aftermarket
Beam Global [BEEM] : Aftermarket
Economic Reports:
Producer Price Index (PPI) [March] … 8:30 am
Core PPI [March]: 8:30 am
PPI Year Over Year [March]: 8:30 am
Core PPI Year Over Year [March]: 8:30 am
Boston Fed President Susan Collins TV interview: 9:00 am
Consumer Sentiment (Prelim) [April]: 10:00 am
St. Louis Fed President Alberto Musalem will speak at 10:00 am
New York Fed President John Williams will speak at 11:00 am
Next Uranium Breakout (Sponsored)
On Behalf of Azincourt Energy Corp
Billionaires are backing uranium. Governments are pouring in billions.
The uranium bull market is just getting started.
And one tiny uranium junior is sitting on the kind of high-potential assets that turned UEC into a $3.11 billion powerhouse.
Prime uranium assets in the Athabasca Basin and the Central Mineral Belt
Advancing exploration with new data analysis
Institutional investors quietly moving into uranium
With the Trump administration fast-tracking policies to boost domestic uranium production, this company is in a perfect position to capitalize.
The market hasn’t caught on yet, but it won’t stay this way for long.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.
Investment Banking
JPMorgan Reports 9% Profit Surge, Warns of Economic Headwinds
JPMorgan Chase (NYSE: JPM) reported a 9% increase in first-quarter profit, fueled by robust gains in investment banking and record-setting equity trading revenue.
The bank’s earnings of $14.6 billion, or $5.07 per share, for the quarter ending March 31 are up from $13.4 billion, or $4.44 per share, a year ago.
Revenue from equity markets surged 48% to a record $3.8 billion, while investment banking fees rose 12% to $2.2 billion, driven by optimism in early 2025 over expected pro-business policies from President Trump.
However, the recent announcement—and partial pause—of sweeping tariffs has stirred uncertainty in financial markets, prompting greater caution among clients.
CEO Jamie Dimon notes that economic conditions remain volatile, citing geopolitical tensions and potential inflationary effects from new import levies.
JPMorgan has raised its credit loss provisions to $3.3 billion, up from $1.9 billion last year, preparing for possible loan repayment challenges if inflation accelerates.
Trading revenue overall increased 21%, exceeding expectations, as market volatility prompted investors to reposition portfolios rapidly. The earnings beat lifted JPMorgan shares by 4% in premarket trading.
Despite the solid quarter, the bank remains cautious about the macroeconomic landscape heading into the rest of the year.
JP Morgan’s stock is up 3% in premarket trade.
Financial Services
Wells Fargo Posts 6% Profit Jump on Wealth Business Strength
Wells Fargo (NYSE: WFC) reported a 6% rise in first-quarter profit, supported by gains in its wealth and investment management segment.
The bank’s net income of $4.89 billion, or $1.39 per share, is up from $4.62 billion, or $1.20 per share, in the same period last year.
Advisory and brokerage-related revenue increased 7% to $3.17 billion, driven by higher asset-based fees.
This helped offset a 6% decline in net interest income, which came in at $11.5 billion due to higher deposit costs.
The bank has reaffirmed its full-year forecast for interest income to grow between 1% and 3%, expecting more pronounced gains in the latter half of the year.
Shares are up 2% in premarket trading, although the stock is still down 10% year-to-date.
CEO Charlie Scharf acknowledged ongoing macroeconomic uncertainty stemming from fluctuating trade policy under President Trump. He reiterated the bank’s preparedness for a slower-growth environment in 2025.
On the regulatory front, Wells Fargo continues making headway on long-standing issues.
The bank has closed five consent orders this year and 11 in total since Scharf took over in 2019.
However, it still operates under a $1.95 trillion asset cap stemming from its 2016 fake accounts scandal and is working to resolve three remaining regulatory actions.
Energy (Sponsored)
On Behalf of Azincourt Energy Corp
The US barely produces any uranium—even as it pushes for energy dominance.
90 percent of America’s uranium is imported
The US produced just 121,296 pounds of uranium in Q3 2024
The Trump administration is scrambling to rebuild domestic supply
That’s why Canada’s uranium companies are perfectly positioned to fill the gap.
One uranium junior, sitting on high-grade assets in Canada’s Athabasca Basin and Central Mineral Belt, could become a key player in North America’s nuclear resurgence.
Momentum is building. And the market hasn’t caught on yet.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities
Asset Management
BlackRock Weathers Tariff Turbulence With Record AUM and Strong Inflows
BlackRock (NYSE: BLK) reported a record $11.58 trillion in assets under management for the first quarter, even as profit is down 4% due to market instability linked to recent U.S. tariff announcements.
The asset management giant’s net income is $1.51 billion, or $9.64 per share, for the quarter ending March 31, compared to $1.57 billion, or $10.48 per share, a year earlier.
The dip came as markets reacted negatively to President Donald Trump’s sweeping new tariffs, which initially rattled global equities before a partial rollback offered modest relief.
CEO Larry Fink attributes the earnings pressure to “uncertainty and anxiety” surrounding economic policy shifts, noting similarities to previous structural market disruptions such as the financial crisis and pandemic.
Despite the turmoil, the firm brought in $83 billion in long-term net inflows, with $37.7 billion allocated to fixed income products and $19.3 billion to equities.
Operating expenses rose to $3.58 billion from $3.04 billion a year ago.
The S&P 500, down 4.6% in Q1, marked its worst quarterly start since 2022, compounding broader challenges for asset managers.
BlackRock shares have fallen nearly 11% since last week’s “Liberation Day” tariff reveal, but Fink remains optimistic, framing the current environment as a long-term opportunity for patient investors.
Shares of Blackrock are up 2% in premarket trade today.
Movers and Shakers
MSP Recovery, Inc [MSPR] - Last Close: $1.28
MSP Recovery is a data-driven healthcare recovery and analytics company. Its shares are skyrocketing over 125% in premarket trading after the company announced a sweeping restructuring agreement with Hazel Partners, Virage Capital, and others.
The deal includes converting debt to equity, erasing $1.2 billion in liabilities, and securing up to $34.8 million in fresh funding.
My Take: While the restructuring is a major positive, MSPR's long-term viability still hinges on executing its recovery model profitably. Short-term upside may continue, but risks remain elevated. Keep this stock on your radar.
Venus Concept Inc. [VERO] - Last Close: $4.06
Venus Concept is a medical aesthetic technology firm.
Its stock is rising 37% in premarket trading after the company closed a $1.1 million registered direct offering of common stock at $3.50 per share, priced at-the-market under Nasdaq rules.
My Take: Venus Concept continues to burn cash and faces ongoing dilution risks. However, its diversified product line and recent funding help keep operations afloat—it might be best to keep this on your wait and watch list for now.
Certara, Inc. [CERT] - Last Close: $10.51
Certara specializes in biosimulation technology that predicts how drugs behave in the human body using AI and advanced modeling.
Its shares are surging over 18% in premarket trading following the FDA’s announcement to phase out animal testing in favor of human-relevant methods, including AI-based approaches, making Certara’s platform a strong go-to alternative.
My Take: The FDA’s pivot could make Certara’s software indispensable. While near-term revenue boosts may be gradual, this policy shift could solidify Certara as a long-term industry standard. Keep a close watch on this stock.
Clean Energy (Sponsored)
On Behalf of Azincourt Energy Corp
Five years ago, Uranium Energy Corp. (UEC) was a small uranium junior trading at just $0.60.
Most investors ignored it.
Then, the uranium market exploded.
UEC’s stock skyrocketed 2,500 percent, transforming early investors into millionaires.
Now, the market is hunting for the next UEC.
One tiny uranium junior is sitting on prime assets in the world’s richest uranium region.
Drill results confirm uranium mineralization, with more exploration underway.
Global nuclear expansion is fueling long-term demand for uranium.
The US is desperate for domestic uranium supply—creating a major opportunity.
With billionaire-backed nuclear investments and a global energy crunch, this company could be the next big uranium success story.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.
Everything Else
BNY posts rising profits driven by fee growth and new clients.
Russian tech investor deepens ties in competing platforms as VK seeks fresh funding.
Beijing hikes duties to 125% and warns U.S. trade tactics have become a global joke.
Gold rallies to new record above $3,200 amid global uncertainty and Fed rate cut bets.
Thousands of homes will vanish from Zillow’s site as it cracks down on private listings.
Luxury Tesla models disappear from China’s site amid tariff hikes and slowing sales.
Layoffs hit Google’s platforms group, affecting Android, Pixel, and Chrome teams.
The Pentagon slashes billions in contracts to refocus spending on military readiness.
Five Below pauses Chinese shipments as tariff tensions shake up retail strategies.
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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