A Monday Of Momentum

CoreWeave & eToro plan to go public, 23andMe files bankruptcy, bulls bet on looser Trump tariffs, and more from the day!

Presented by

NEWS
A Monday Of Momentum

Source: Tenor

The U.S stock market found some momentum, opening higher and continuing to drift higher throughout the day. Beaten-down stocks caught a major bid alongside big tech on reports that Trump’s tariffs will be less severe than anticipated. Traders continue to scour for setups to make the best of this newfound momentum. 👀 

Today's issue covers investors preparing for two hot listings, several popular stocks on the move, and more from a long day on Wall Street. 📰

Here’s the S&P 500 heatmap. 10 of 11 sectors closed green, with consumer discretionary (+3.46%) leading and utilities (-0.74%) lagging.

Source: Finviz

And here are the closing prices: 

S&P 500

5,768

+1.76%

Nasdaq

18,189

+2.27%

Russell 2000

2,109

+2.55%

Dow Jones

42,583

+1.42%

COMPANY NEWS
Goodbye 23andMe, Hello CoreWeave & eToro 👀 

While the broader market rebounds, investors prepare to say goodbye to one stock and meet two new ones. 🤔 

The genetic testing company 23andMe filed for Chapter 11 bankruptcy protection on Sunday night, with co-founder and CEO Anne Wojcicki resigning from her role immediately (but staying on the board of directors).

Shares fell 60% on the news, with Stocktwits sentiment falling into ‘extremely bearish’ territory. Even short squeeze hopefuls have seemingly moved on. 😢 

With 23andMe falling off the radar, investors are looking to Friday’s IPO of Nvidia-backed CoreWeave. The Nvidia-backed AI hyperscaler saw 700% revenue growth in 2024, and is looking to raise up to $2.7 billion on Friday.

This is the market’s first major tech IPO this year and will be heavily watched. We’ll cover the stock all week across our channels, with price prediction contests, polls, video debates, and more. Add $CRWV to your watchlist to keep up with all the action leading up to the IPO live stream happening on Friday. 🤖 

A current Stocktwits poll shows roughly 50% of users are optimistic about $CRWV.

Lastly, retail brokerage eToro filed its F-1 today with the SEC, preparing to come public as well. You can keep on top of all the developments by following ticker symbol $ETOR on Stocktwits. 🧭 

SPONSORED
The Best Bargain in Crypto – Here’s Why Institutions Are Buying

Markets are a roller coaster with Trump’s policies fueling uncertainty, but history proves volatility breeds opportunity.

While crypto has lost $1T in market cap, DeFi Technologies (OTC: DEFTF) still holds $750M in AUM—proving demand remains strong. Last month alone, they attracted $11.4M in net inflows, marking their 4th consecutive month of 8-figure investments.

📉 Crypto down $1T, yet inflows are accelerating

💰 $98.6M invested in DeFi Tech in just 4 months

🌎 Global expansion into Asia, Africa, and the Middle East

 🔥 Institutional-grade crypto products with 8-figure monthly inflows

Major Holdings (Staked & Growing):

  • Bitcoin (BTC) – $223M AUM

  • Solana (SOL) – $227M AUM

  • Cardano (ADA) – $63M AUM

  • XRP, ETH, SUI, DOT, AVAX – $121M+ AUM combined

Even in turbulent markets, institutions continue to bet big on DeFi Technologies.

Are you positioned before the next breakout?

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. 

Subscribe to keep reading

This content is free, but you must be subscribed to The Daily Rip to continue reading.

I consent to receive newsletters via email. Sign up Terms of service.

Already a subscriber?Sign in.Not now

Reply

or to participate.