HAPPY MONDAY TO THE STREET
The US added a surprising number of jobs last month. But according to Business Insider, there's only one surefire way to land one… and it isn't LinkedIn likes.
With AI eating white-collar work and applicant-tracking software shredding résumés, workplace coaches say the only thing that gets you to the front of the line today is knowing somebody.
Gen Z calls it the "favor economy." Boomers call it the only way it ever worked.
🟩 | US stocks finished near the flatline, but the S&P 500 still managed to notch a new record, despite President Trump stating the US-Iran ceasefire is on “massive life support”.
📈 | One Notable Gainer: Circle Internet Group (CRCL) surged on a $222M token presale led by BlackRock (BLK) and Apollo (APO), the latest chapter in Friday’s top story.
— Brooks & Cas
MARKET SNAPSHOT
S&P 500 Heatmap. Credit: Unusual Whales
WHAT WILL BE THE 51ST STATE IN TRUMP’S TERM?
Trump told Fox News he's "seriously considering" making Venezuela the 51st state after US forces nabbed Nicolás Maduro and oil giants moved in.
For the White House, Congressional approval and Venezuelan consent are mere details. For Kalshi traders, the proposition isn’t exactly worth betting the ranch.
The current odds of Venezuela joining the Old Glory stand at just 6%.
Market Movers
CORNING, SONY, TRADE DESK
📈 | Monday.com (MNDY) gained as its AI platform drove 24% revenue growth.
📈 | Micron (MU) rose as an AI-induced memory shortage extended its monthly rally past 77%.
Tomorrow's Trade Idea, Today
A PICK-AND-SHOVEL FOR A PICK-AND-SHOVEL
Stock Spotlight
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Cleared to Climb
Madison Air Solutions is just getting started, according to one of Wall Street's biggest banks. Analyst Andrew Obin initiated coverage with a Buy rating, citing the HVAC firm's exposure to one of the loudest tailwinds on the Street: AI data centers.
Niche With Room
Madison plays in a $40B slice of the broader $200B HVAC market, with brands like Nortek Data Center Cooling and Big Ass Fans behind it.
Obin sees room to grow on strong share, a steady operational base, and a residential arm that runs independent of industry shipment cycles.
AI infrastructure needs constant, stable cooling, and Madison sells the kit that keeps the servers from frying.
Lining Up to Buy
Madison only debuted on April 16, but Wall Street is already in line. Citigroup (C), Barclays (BCS), and Wells Fargo (WFC) have all weighed in with Buy or Overweight calls, while only Goldman Sachs (GS) is on the sidelines with a Neutral.
Shares have run sharply since the IPO. The best way to play the AI gold rush might not be the picks and shovels, but the blades and handles.
Do you own any shares of Madison Air Solutions (MAS)?
OVERHEARD ON THE STREET
🚙 | Tesla (TSLA) recalled 200,000 Cybertrucks for a rearview camera software glitch, and another 173 for cracking wheel rotors.
🟩 | Yes: 10%
🟥 | No: 90%
🇨🇳 | Trump invited US executives from Tesla, Apple (AAPL), BlackRock, and Boeing (BA) to join his China trip for this week's Xi summit.
🤖 | GM (GM) will lay off up to 600 salaried IT workers globally as it reevaluates its tech workforce.
🥩 | Trump is suspending tariff-rate quotas on all beef-exporting nations to combat US beef prices, which are up 40% over five years.
FRIDAY’S POLL RESULTS
Do you own any shares of Circle (CRCL)?
▇▇▇▇▇▇ 🐂 Yup, I’m holding
▇▇▇▇▇▇ 🐻 Nope, not interested
▇▇▇▇▇▇ 👀 No, but I’m interested
And, in response, you said:
🐂 Yup, I’m holding — “Stablecoins is changing the finance world and I expect companies like CRCL to continue to grow. Though their very high margins get disrupted with interest rate moves. Kevin Warsh will have a big say on profitability. But growth is going to continue.”
🐻 Nope, not interested — “Not a sandbox where I would want to play.”
