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It’s Sunday.
We are living in an unprecedented market.
On Friday, the Nasdaq notched a 13-day winning streak, its longest in more than three decades.
At the same time, the Mag 7 added $2.5T in market value, bringing their combined total to roughly $22T.
The rebound has been broad, with oversold software names pushing higher while semiconductors continued to build on their gains.
The move has been supported by easing tensions in the Middle East, with investors increasingly expecting a diplomatic resolution to the Iran conflict.
Despite that, risks remain, as the Strait of Hormuz is still effectively closed, with conflicting signals coming from Iranian officials.
That leaves the rally driven by optimism, but still sensitive to headlines.
Key Data Bites Over The Last Week:
Morgan Stanley shared 17 stocks with room to run.
Fed Chair nominee Kevin Warsh is worth at least $135M.
OpenAI alleged Anthropic’s revenue run-rate is inflated by $8B.
Google is set to make $100B if SpaceX IPOs at $2T valuation.
U.S. has a shortage of at least 10M single-family homes.
Starlink made up nearly 70% of SpaceX’s 2025 revenue.
Iran War could cost American taxpayers $1T over next decade.
Meta agreed to deploy 1 GW of Broadcom’s custom AI chips.
Snap plans to lay off 16% of corporate workforce.
China saw GDP accelerate to 5% in the first quarter.
Uber has committed more than $10B for its robotaxi strategy.
Amazon will acquire satellite tech company Globalstar in $11.6B deal.
Jane Street committed $6B to CoreWeave and bought $1B of stock.
Allbirds skyrocketed over 350% this week after AI pivot.
SpaceX made up 18% of Cybertrucks sold in the U.S. in Q4.
Earnings & Guidance Updates:
Goldman Sachs posted record-breaking $5.3B in equities trading.
JPMorgan earned $17B in profit for the first quarter.
BlackRock posted assets under management of $13.9T.
Hérmes saw a robust 17% sales growth in the Americas.
ASML raised 2026 sales guidance to between €36B to €40B.
TSMC raised 2026 revenue forecast to more than 30% growth.
In today’s newsletter:
👜 How LVMH Makes Money
✔️ Nike Insiders Are Loading Up
🏆 Meta & Google Dominate Ads
📈 Highest Expected Growth In Tech
🖨️ Netflix Is Printing Cash
Let’s jump right in.
📣 A Message From Masterworks
Here’s an un-boring way to invest that billionaires have quietly leveraged for decades
If you have enough money that you think about buckets for your capital…
Ever invest in something you know will have low returns—just for the sake of diversifying?
CDs… Bonds… REITs… :(
Sure, these “boring” investments have some merits. But you probably overlooked one historically exclusive asset class:
It’s been famously leveraged by billionaires like Bezos and Gates, but just never been widely accessible until now.
It’s had attractive growth and hasn’t tended to move in line with other markets from 1995 to 2025.
It’s not private equity or real estate. Surprisingly, it’s postwar and contemporary art.
And since 2019, over 70,000 people have started investing in SHARES of artworks featuring legends like Banksy, Basquiat, and Picasso through a platform called Masterworks.
28 exits to date
$1,275,000,000+ invested
Annualized net returns like 14.6%, 17.8%, and 17.8%
My subscribers can SKIP their waitlist and invest in blue-chip art.
*Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd
When most people think of luxury, they think of LVMH.
The company reported Q1 earnings that missed expectations, with organic growth coming in at 1% versus the 1.5% analysts were expecting.
Management pointed to the conflict in the Middle East, which weighed on growth by about 1% point.
One segment that stood out was Watches and Jewelry, which grew 7% on an organic basis, driven by continued strength at Tiffany.
The broader environment remains challenging, as the luxury sector continues to face a cyclical slowdown, largely tied to weaker demand from Chinese consumers.
That said, many analysts still expect a recovery in luxury demand to begin this year.
Insiders at Nike are scooping up shares.
After a disappointing earnings report last month that sent shares plunging, senior leadership have resumed buying stock.
Apple CEO Tim Cook purchased about 25,000 shares for roughly $1M, while CEO Elliott Hill bought around 23,600 shares for a similar amount.
Other directors, including John Rogers Jr. and Bob Swan, also added stock, collectively purchasing hundreds of thousands of dollars worth of shares.
This follows another round of insider buying in December, when executives invested millions, though those purchases are underwater by more than 20%.
Nike recently forecasted sales to decline this year, further pushing out the turnaround plan being executed by Elliott Hill.
Tech is getting cheaper, but growth expectations remain strong.
The Information Technology sector now trades around 20x forward earnings, well below its 5-year average of 26x and close to the broader market.
Despite that, revenue growth is expected to be more than double the S&P 500, with the IT sector projected to grow at a 17.7% CAGR versus 7.7% for the broader index.
Who are the main leaders within the IT group expected to post strong growth?
Palantir leads the group, with revenue projected to grow at a 42% annual rate through 2028, with Oracle expected to post a similar pace.
Many of the other names on the list are all tied to the AI infrastructure buildout.
Digital advertising is a duopoly.
Meta and Google account for roughly 53% of total digital ad spending, giving the two companies enormous control over the market.
But the lead within that duopoly is starting to change.
Meta is projected to surpass Google this year as the world’s largest digital advertising company, with eMarketer estimating $243B in ad revenue for Meta versus roughly $240B for Google.
They also expect Meta to hold that lead through 2028.
Meta's ad business is booming due to AI-driven performance improvements, high-engagement monetization of reels, and a massive, diverse user base across its platforms enabling highly precise, high-volume targeting.
Netflix just hit a cash flow milestone.
The company produced $11.9B in free cash flow over the last twelve months.
A notable boost came from the $2.8B termination fee collected from walking away from the Warner Bros acquisition.
The latest quarter came in ahead of expectations, and the company reaffirmed its full year guidance of 12–14% revenue growth.
But the stock still fell 10%.
Second quarter guidance for both revenue and earnings came in below estimates.
And co-founder Reed Hastings announced he will step down from the board after 29 years to focus on philanthropy.
After a 40% run following the collapsed deal, investors have pressed pause on Netflix.
📣 Presented by Masterworks
Someone just spent $236,000,000 on a painting. Here’s why it matters for your wallet.
Late last year, a Klimt sold for the highest price ever paid for modern art at auction.
An outlier sure, but it wasn't a fluke. U.S. auction sales grew 23.1% in 2025. The $1-5mm segment even grew 40.8% YoY.
Now, the S&P, teetering on all time highs, just posted its worst quarter since 2022, oil was up 94% (briefly), and Moody's puts recession odds at 48.6%.
Each environment is unique, but after dot-com, post war and contemporary art grew about 24% annually for a decade. After 2008, about 11% for 12 years.
It’s also had near-zero correlation with the S&P 500 since ‘95.*
Now, Masterworks lets you invest in shares of artworks featuring legends like Banksy, Basquiat, and Picasso.
$1.3 billion invested across over 500 artworks.
28 sales to date.
Net annualized returns on sold works held 12 months+ like 14.6%, 17.6%, and 17.8%.
Shares can sell quickly, but my subscribers can skip the waitlist:
*Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.
🧾 Dip Hunter↗ – Michael Burry initiated new positions in PayPal, Salesforce, and MSCI.
✈️ Mega Merger↗ – United Airlines pitched a merger with American Airlines to President Trump.
💊 Drug Engine↗ – Novo Nordisk is partnering with OpenAI to accelerate drug discovery.
🎟️ Ticket Grip↗ – Jury ruled Ticketmaster parent Live Nation operated an illegal ticketing monopoly.
₿ Schwab Enters↗ – Charles Schwab is launching crypto trading to compete with Robinhood.
Notable Companies Reporting Earnings Week of April 19th, 2026:
Major Trades Published 4/13 - 4/17. Trades may be those of family members. [Source: Capitol Trades]
Buys
Sheri Biggs (R)
Company: iShares Bitcoin Trust ETF ($IBIT)
Amount Purchased: $100K - $250K
Sells
Jennifer McClellan (D)
Company: Verizon Communications ($VZ)
Amount Sold: $100K - $250K
Major Trades Published 4/13 - 4/17
Buys
Nike ($NKE)
Insider: Elliott Hill (President & CEO)
# of Shares Purchased: 23,660
$ Amount: $1,000,000
SEC Forms: [1]
Sells
JPMorgan Chase & Co ($JPM)
Insider: Jamie Dimon (Chairman & CEO)
# of Shares Sold: 130,488
$ Amount: $40,002,010
SEC Forms: [1]
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