One company is showing that a turnaround can become real once traffic and guidance start moving together. Another has finally turned a lagging chip story into a clean breakout, while a third is still riding one of the better pricing setups anywhere in hardware. The moves are different, but the common thread is that the numbers now support the story.

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Futures at a Glance📈
Futures are holding steady as Wall Street gears up for a heavyweight combo of Mag 7 earnings and the Fed decision. Tech is trying to find its footing after Tuesday’s pullback, with traders looking for tonight’s results to either calm the nerves or crank them up again.


What to Watch
Earnings (Premarket):
• AstraZeneca PLC [AZN]
• AbbVie Inc. [ABBV]
• Banco Santander, S.A. [SAN]
• TotalEnergies SE [TTE]
Earnings (Aftermarket):
• Alphabet Inc. [GOOG]
• Microsoft Corporation [MSFT]
• Amazon.com, Inc. [AMZN]
• Meta Platforms, Inc. [META]
• KLA Corporation [KLAC]
Economic Reports:
• Durable-goods (March): 8:30 am
• Housing starts (March): 8:30 am
• Building permits (March): 8:30 am
• Advanced U.S. trade balance in goods (March): 8:30 am
• Advanced retail inventories (March): 8:30 am
• Advanced wholesale inventories (March): 8:30 am
• FOMC interest-rate decision: 2:00 pm
• Fed Chair Powell press conference: 2:30 pm

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Restaurants
Starbucks Corp Delivers the Quarter the Bulls Needed

Starbucks Corp (NASDAQ: SBUX) finally has something more useful than optimism. It now has proof.
The company reported its second straight quarter of traffic growth, with global same-store sales up 6.2% and U.S. same-store sales up 7.1%, driven by a 4.3% increase in transactions. Revenue came in at $9.53 billion versus $9.16 billion expected, and adjusted EPS of $0.50 beat the $0.43 consensus.
The bigger point is that management raised the full-year outlook at a time when many consumer names are still blaming fuel costs and macro noise. Starbucks now expects global and U.S. same-store sales growth of at least 5%, up from 3%, and lifted adjusted EPS guidance to $2.25 to $2.45 from $2.15 to $2.40. That is a meaningful vote of confidence from a company still in the middle of a turnaround.
The stock is not cheap at roughly 81x earnings, so this is not a deep-value setup. But the business is improving fast enough that investors are likely to keep rewarding execution. This now looks less like a hope story and more like a real operating recovery under Brian Niccol.
My Take For You: The turnaround is no longer theoretical. Traffic is back, guidance is up, and the company is finally giving investors hard evidence that the strategy is working.
My Verdict: Buy this. The risk is that the stock’s premium valuation leaves little room for a slowdown in traffic or consumer spending.

Semiconductors
NXP Semiconductors Just Delivered a Real Breakout Quarter

NXP Semiconductors NV (NASDAQ: NXPI) delivered exactly what investors wanted from a stock that had lagged the stronger semiconductor names: a clean beat, a better guide, and a credible reason to believe the cycle is turning.
First-quarter revenue rose 12% to $3.18 billion, ahead of the $3.16 billion estimate, while adjusted EPS of $3.05 topped the $2.95 consensus. More importantly, second-quarter guidance came in above expectations on both revenue and profit.
The setup is getting stronger across several angles at once. Automotive sales, which still make up more than half the company’s business, rose 6%, while management pointed to broader improvement across its end markets. Jefferies also highlighted a new data-center angle, saying that revenue there is trending toward $500 million this year, with Industrial & IoT standing out at $628 million. That matters because it gives NXP more than just an auto recovery story.
The stock’s 17% premarket jump is big, but it also reflects how under-owned the name had become. This looks like the kind of re-rating that happens when a good company finally gives investors permission to stop waiting.
My Take For You: This is one of the better chip setups in the group because it now has cyclical recovery, secular content growth, and a data-center tailwind working together.
My Verdict: Buy it. The risk is that the sharp move pulls too much future upside forward if the automotive recovery loses momentum.

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Storage & AI Infrastructure
Seagate Technology Holdings Keeps Getting Stronger With the Cycle

Seagate Technology Holdings PLC (NASDAQ: STX) keeps getting treated like an old-school hardware name even as the business acts like a prime AI infrastructure beneficiary.
Morgan Stanley just raised its price target to $767 from $582, arguing that what used to be its bull case is now the base case for the third quarter in a row. The key driver is pricing power. Price per terabyte grew 5% quarter over quarter, far above the 1% growth the firm had expected.
That matters because Seagate sits inside a rational HDD market where supply discipline is still holding, demand is outpacing supply, and cloud storage demand remains heavy. Morgan Stanley says hard disk drives still capture about 80% of cloud storage demand, while exploding token growth and broader AI use cases are increasing how much data needs to be stored and retained. That is a much stronger setup than the market used to assign to this group.
The stock is already up more than 600% over the past year, so nobody can call this undiscovered. But the latest analyst moves and recent earnings strength suggest the cycle is still improving faster than expected. That is why the stock keeps getting repriced higher even after a huge run.
My Take For You: This is no longer just a legacy storage name with a lucky run. It is a pricing-power story tied directly to the physical side of AI data growth.
My Verdict: Buy the strength. The risk is that a stock up this much becomes vulnerable to any cooling in storage demand or a break in pricing discipline.

Trivia: How much did it cost the U.S. government to manufacture a single penny in 2025?

Movers and Shakers

Bloom Energy [BE]: Premarket Move: +16%
Bloom is ripping because this quarter was too strong to ignore. Revenue hit $751 million, up 130% year over year, adjusted EPS came in at $0.44 versus expectations around $0.12, and product revenue surged more than 208% as data-center demand kicked into another gear. The company also raised full-year revenue guidance to $3.4 billion to $3.8 billion.
This is not a story stock anymore. These are real numbers, real margin improvement, and real demand from one of the hottest parts of the market.
My Take: This move is deserved. Bloom has become a serious power-infrastructure winner, and I would buy dips instead of waiting for this story to cool off on its own.
Fair Isaac [FICO]: Premarket Move: +13%
FICO is higher because it delivered exactly the kind of quarter a premium business is supposed to deliver. EPS came in at $12.50 versus $10.91 expected, revenue reached $692 million versus $628.6 million, and non-GAAP operating margin hit 65%. That is elite execution.
The company also bought back $605 million of stock in the quarter, the biggest repurchase in its history. For a stock that had already been cut nearly in half from its high, this is the kind of report that can reset the whole narrative.
My Take: This is buyable. FICO is still one of the best businesses in the market, and strong results like this usually mark the start of a sharper recovery.
Robinhood [HOOD]: Premarket Move: -10%
Robinhood is down because the weak quarter hit right where investors were most nervous. Transaction-based revenue reached $623 million, well below the $728.2 million expected, and crypto revenue dropped 47% year over year to $134 million. When crypto cools off, Robinhood still feels it hard.
That matters because this stock still trades like a growth platform, but the quarter showed how dependent the story remains on trading activity staying hot. Competition is also getting tougher, and retail trading fatigue is not helping.
My Take: This drop is justified. Robinhood is not broken, but I would not buy it until the market sees real proof that growth outside crypto can carry the business.

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Everything Else
📘 Dividend stocks are drawing fresh attention, as investors look for companies built to keep paying through recessions, rate hikes, and full-scale market downturns.
⚖️ Former FBI Director James Comey has been indicted again over the seashells photo case, putting the Trump feud back in the headlines.
🎰 Resorts World has opened New York City’s first full casino with live table games, marking a major expansion of legal gambling in the city.
🏦 Jamie Dimon is warning that global debt risks could eventually trigger a bond-market crisis if governments do not get deficits under control.
📱 Facebook and Instagram have been charged by EU regulators, who say the platforms must do more to protect children under 13.
🤖 Goldman Sachs has reportedly barred some Hong Kong bankers from using Anthropic’s AI tools, reflecting how firms are tightening internal controls around generative AI.

That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
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— Adam Garcia
Elite Trade Club
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