HAPPY TUESDAY TO THE STREET.

The IPO extravaganza continues. Retail trader eToro Group will open for trading tomorrow under the ticker ETOR, targeting a price between $46 and $50 per share.

Now only one question remains: will this latest IPO be more Newsmax $NMAX ( ▼ 1.55% ) or CoreWeave $CRWV ( ▲ 9.56% )?

• 🟩 | US stocks rose again, erasing the S&P 500’s YTD loss, as both inflation and trade tensions cooled.

• 📈 | One Notable Gainer: The sun shone on First Solar $FSLR ( ▲ 22.69% ) after the GOP budget bill went easier than expected on clean energy.

• 📉 | One Notable Decliner: UnitedHealth $UNH ( ▼ 17.79% ) shares plummeted following the surprising resignation of its CEO.

— Brooks & Cas

Sponsored by Pacaso

ZILLOW’S CO-FOUNDER HAS A BIG NEW IDEA

Spencer Rascoff co-founded Zillow, scaling it to a $16B valuation. But everyday investors couldn’t invest until the IPO, missing early gains.

"I wish we had done a round accessible to retail investors prior to Zillow's IPO," Rascoff later said. Now he’s fixing that with Pacaso, his new company disrupting the $1.3T vacation home market. Unlike Zillow, you can invest in Pacaso as a private company.

Firms like SoftBank and Maveron are already on board – and you can join them for $2.80/share.

Invest now.

Disclaimer: This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com.

STOCK HEATMAPS

Market Movers

COINBASE, HERTZ, NVIDIA

$COIN ( ▲ 23.98% ) Coinbase to Join S&P 500 in Crypto Milestone. The Stock Is Jumping. (Barron’s)

$HTZ ( ▼ 16.72% ) Hertz shares slump after quarterly results miss Wall Street estimates (Reuters)

$NVDA ( ▲ 5.7% ) Nvidia sending 18,000 of its top AI chips to Saudi Arabia (CNBC)

$RGTI ( ▼ 14.59% ) Rigetti Computing Stock Plunges After Q1 Revenue Misses Forecasts (YF)

$ONON ( ▲ 11.83% ) On Holding sees record quarterly revenue on double-digit sales growth (SeekingAlpha)

OVERHEARD ON THE STREET

AP: Consumer inflation cooled in April. The CPI’s annual inflation rate ticked down to 2.3% last month, the smallest increase in more than four years.

Bloomberg: President Trump secured $600B in investment commitments while at a summit in Saudi Arabia.

WSJ: ESPN $DIS ( ▲ 0.72% ) is launching a new streaming service with access to all sports games shown on its TV channel, costing $29.99 per month.

Reuters: As part of the US-China trade deal, the de minimis tariff on small parcels from China was lowered to 54%.

CNBC: Microsoft $MSFT ( ▼ 0.03% ) will lay off 3% of its workforce, cutting some 6,000 employees to reduce management layers.

Tomorrow's Trade Idea, Today

BUY FOR ME, ARGENTINA

A Market Awakening

Thanks to aggressive reforms, Argentina is once again drawing investor interest. The Global X MSCI Argentine ETF $ARGT ( ▲ 1.58% ) is up over 8% YTD, outperforming the S&P 500.

Foreign investors have long avoided Argentina due to its volatility, but President Javier Milei’s rollback of strict capital controls is shifting sentiment.

The country is showing improved stability, CNBC reports, and economic reforms are well underway. In other words, it may be stepping into a new era of market credibility — and global investor confidence.

Bold Reforms

Investors are typically skeptical of emerging markets. But Argentina seems to be bucking the trend thanks to its major economic reforms. It’s the only emerging market BCA Research views positively, due in part to its $20 billion IMF deal.

Analysts view Argentina as a rare free-market haven amid an increasingly turbulent global economic landscape. Additionally, its ideological alignment with the US under the Trump administration could potentially lead to stronger ties between the two nations.

How to Play It

Investors seeking to tap into Argentina’s upside can do so through the ARGT ETF, which has exposure to consumer, financial, and energy sectors.

For those looking to invest in individual stocks, MercadoLibre $MELI ( ▲ 0.52% ) is a favorite among analysts, who project long-term gains. The e-commerce company’s South American focus makes it resilient to tariffs, providing a layer of stability. Few of its operations are US-based, leaving it able to operate with little interruption.

For a long time, investors have been used to singing, “Don’t buy for me, Argentina.” Now, they just might be changing their tune.

Sponsored by Pacaso

ZILLOW’S CO-FOUNDER HAS A BIG NEW IDEA

Spencer Rascoff co-founded Zillow, scaling it to a $16B valuation. But everyday investors couldn’t invest until the IPO, missing early gains.

"I wish we had done a round accessible to retail investors prior to Zillow's IPO," Rascoff later said. Now he’s fixing that with Pacaso, his new company disrupting the $1.3T vacation home market. Unlike Zillow, you can invest in Pacaso as a private company.

Firms like SoftBank and Maveron are already on board – and you can join them for $2.80/share.

Invest now.

Disclaimer: This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com.

ON OUR RADAR

CNBC: Trump removed all US sanctions on Syria to give the state and its new government “a chance at greatness.”

Reuters: US farmers say Brazil still has the edge in the soy market trade following the US-China trade deal.

CNN: Americans’ credit card debt fell to start 2025, but student loan delinquencies weighed on credit scores.

Fortune: JPMorgan $JPM ( ▲ 1.22% ) predicts a smaller chance of a recession following the pause on China tariffs.

BI: The “streaming wars” between Disney, Netflix $NFLX ( ▲ 2.48% ), and more have evolved — but not in the way you might think.

MONDAY’S POLL RESULTS

Are you bullish or bearish on TKO Group Holdings (TKO) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “UFC and WWE have strong revenue streams from pay-per-view (PPV), broadcasting, and streaming. New media rights deals (e.g. Netflix’s $5 billion deal for WWE Raw) could drive growth. 🇺🇸🤭”

• 🐻 Bearish — “More like float like a bee.”