If your local park or gym isn't already awash with a constant din of the distinctive "pock" of a plastic pickleball ball, consider yourself lucky, as those of us who are constantly awakened by the kerplink-kerplunk of excited 6 a.m. pickleballers can tell you. Outdoor public pickleball courts have rocketed 650% in the last seven years, but it's not enough to keep up with the insane growth in players we charted out here. If we put all American pickleballers in one state (Dillaware?) it would be tied with New York state as America's fourth most populous. And don't think you're safe, non-US readers — pickleball is about to make a big jump abroad. On Friday, the S&P 500 closed flat, the Nasdaq fell 0.32%, and the Russell 2000 was down 0.41%. Still, all three indexes ended May firmly in the green, with the Nasdaq and S&P 500 logging their best month since 2023. It was also the S&P 500's best May since 1990. ❓ Test your knowledge of this week's business news with our Snacks Seven quiz. Here's the first question: |
- What country has a company whose revenue is nearly half of its annual GDP?
Check your answer.
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Last week, Nvidia's quarterly report marked the informal end to nearly seven weeks of SEC-approved earnings excitement, and long story short: the numbers were good. Early on, we thought the season would be dominated by tariffs. Even though the Rose Garden tariff announcement happened in April, so it wouldn't have directly hit Q1 earnings, we expected revised guidance and outlooks to be… gloomy. And there's no denying that mentions of the word "tariffs" on S&P 500 companies' earnings calls jumped to unprecedented levels, and we heard a lot about "recession" and "uncertainty" as well, though there was one name we really didn't hear. But in the end for the market, earnings turned out to just… be about the actual earnings? Earnings per share at S&P 500 companies rose 12.7% compared to the same quarter last year, almost double what analysts predicted. Additionally, while forecasts for earnings wobbled a bit, consensus EPS expectations are basically back to where they were before the 10-Qs started flying. We also wondered if the DeepSeek freak-out would lead to fewer CEOs talking about AI on Q1 earnings calls, but nope: the number of S&P 500 companies mentioning AI hit a fresh record this season. Facebook belabored how the metaverse is actually AI, Walmart said AI is improving product searches and letting people exit Sam's Club without waiting in line to get their receipts checked, and Costco is following in its footsteps. And, of course, Nvidia mentioned the ways AI is helping it mint money. Its sunny Q2 outlook boosted much of the AI supply chain higher, as well. |
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While the first quarter generally went even better than expected, it'll be the Q2 reports that truly reveal the impact of President Trump's on-again, off-again trade policies. We did see many companies declining to give guidance and a lot of creative language in how execs talked about the current "dynamic environment." Luckily for us, we only have to wait about six weeks to find out. |
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Hylio: Made in USA Agricultural drones new plant will produce up to 5000 drones per year! |
Hylio's new production facility is open in the Houston, Texas area — and it's gearing up to produce 5000+ agricultural drones per year by 2027 at full capacity. Most U.S. manufacturers rely heavily on components that are made in China. Texas-based drone manufacturer Hylio prioritizes using materials from the U.S. and allied countries Hylio has strategically strengthened its supply chain over the years by bringing more components in-house or sourcing them from domestic partners. Now that tariffs1 and potential bans threaten foreign-based competitors, Hylio stands to gain ground in the US market. With more than 1M acres treated, 800+ drones sold, and $30M+ in lifetime revenue2, Hylio is growing fast and is ready to accelerate even more — learn more about becoming a Hylio shareholder!3 2 Lifetime revenues are for 9 years. |
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Stories we're obsessed with |
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- Monday: May ISM Manufacturing PMI, April construction spending. Earnings expected from Campbell's
- Tuesday: April Job Openings and Labor Turnover Survey. Earnings expected from Dollar General, CrowdStrike, Nio, and Hewlett Packard Enterprise
- Wednesday: May ISM Services PMI. Earnings expected from Dollar Tree, MongoDB, Five Below, and PVH Corp
- Thursday: Earnings expected from Broadcom, Ciena, Lululemon, Victoria's Secret, and Petco
- Friday: May jobs report
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Advertiser's disclosures:
1 In April 2025, a 125% "reciprocal tariff" was imposed on China by the US. See article for further details. 3 Please read the offering circular and related risks at https://www.startengine.com/offering/hylio.This is a paid advertisement for Hylio's Regulation CF Offering. This Reg CF offering is made available through StartEngine Primary, LLC. Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. This was a paid for ad. Sherwood Media has been compensated for this ad by the Hylio Reg CF Campaign hosted on StartEngine. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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