NEWS
Tech Exemption Brings Second Green Day In A Row

The market flipped the script and actually stayed up for a second day in a row Monday, after the White House annouced everything computer would get exemptions from tariffs. Apple led the Mag 7 higher as fintwit credited Tim Cook for convincing president Trump to see reason.

The morning started with even better news, that Nvidia would aim to invest $500 billion for AI infrastructure in the U.S. for the next four years. Trump took credit, of course, and said that tech exemptions were only temporary, just in case anyone got any ideas of stepping out of line. 👀

Today's issue covers Monday’s bullish stock, what top chart makers are saying, and world quantum day. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with real estate (+2.21%) leading and consumer discretionary (+0.29%) lagging.

And here are the closing prices: 

IPOs
$BULL Market Behavior In The WeBull IPO 🐂 

WeBull flew Monday after the international retail brokerage went public Friday, April 11th, through a $7.3 billion SPAC merger with blank check firm SK Growth Opportunities.

Shares of Florida-founded and partially Chinese owned firm, a top five retail trading app in the U.S. by users, closed up 374% at $63/share. The stock recorded a market cap of over $30 billion by Monday’s close, but overnight trading saw the price begin to decline.

The listing went live without fanfare, during a time of elevated market uncertainty and tension toward China. Last Week, Fox Busienss reported the Trump Adminstration might consider delisting Chinese stocks from U.S. exchanges, as a part of their negotiation strategy.

According to CNBC, the firm projected $390 million in 2024 revenue, about the same as the year prior. The IPO was expected in the second half of 2024.

The firm was founded in 2016 by former Alibaba Group Holding and Xiaomi employee Anquan Wang, under Hunan Fumi Information Technology, and received backing from numerous private equity investors from China.

Right after incorporating in the State of Delaware, the firm hired a U.S. CEO, Anthony Denier. Later, in 2020, the firm launched in Hong Kong, after reaching more than 11 million registered accounts.

The brokerage first went into talks to go public with a valuation raise of up to $400M in 2021, according to Bloomberg.

For the past two weeks, tariff volitlity sent the IPO market into standstill, after mega fintechs like Klarna and ticket app Stubhub held back their plans

In the past nine years, the firm expanded to 23 million registered users across more than 15 markets across Asia, Latin America, and Europe.

Denier, speaking to the South China Morning Post from Hong Kong back in August, said the firm aims to establish more than 50% of revenue from outside of the U.S. They want to build an online trading community and "democratise ideas", Denier said.

Stocktwits users, watching the stock eplode in just two days, by majority felt the stock is set for bullish moves across both the short and long term.

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