Markets Wobble. Musk Moves. Billionaires Double Down.

• 📈 Market Indices Update

• 📢 Top 3 Market Stories

• 🔎 Rich & Powerful Are Buying

• 🔥 Underrated & Overrated Stocks

• 📊 Sector Spotlight

• 🚀 Biggest Market Movers

• 📅 Upcoming Economic Events

• 💡 Interesting Data Point

📈 Market Indices Update

​Here's the week-to-date performance for major market indices, commodities, and currencies from Monday, March 24 to Friday, March 28, 2025:​

• S&P 500: ↓ 1.5% to 5,580.94 – Trade tensions and inflation concerns. ​

• Dow Jones: ↓ 1% to 41,583.90 – Worries over economic slowdown and new tariffs. ​

• Nasdaq: ↓ 2.6% to 17,322.99 – Significant losses in the technology sector

• Gold (Spot $/Oz): ↑ 0.8% to $3,087 – Reached a record high as investors sought safe-haven assets amid trade uncertainties. ​

• 10-Yr Treasury Yield: ↓ 2.6% to 4.25% – Yields declined as investors moved towards bonds due to growth concerns. ​

• EUR/USD: $1.0832 (+0.29%) – Euro strengthened against the dollar amid trade uncertainties. ​

• USD/JPY: ¥149.73 (-0.87%) – Dollar weakened against the yen as investors sought safe-haven currencies. ​

• Bitcoin: ↓ 2.2% to $83,984 – Decline amid broader market sell-off and risk aversion. ​

^{_{Data as of market close, 4:00pm ET}}

📢 Top 3 Market Stories You Should Care About

​1️⃣ Elon Musk’s xAI Buys Twitter (Source)

• Musk’s AI startup xAI is acquiring X (formerly Twitter) in a $33B all-stock deal, valuing xAI at $80B.

• The move combines X’s 600M+ user base and real-time data with xAI’s cutting-edge AI models and compute power.

• Musk says the new entity will build a platform that “doesn’t just reflect the world but accelerates human progress.” Read Elon’s announcement here.

🔎 Why It Matters: Musk just fused his AI lab with his social platform—blending distribution + data + models. Is this the next step in the AI arms race?

2️⃣ Rich Americans Are Holding Up the Economy (Source)

• The top 20% of earners now drive almost 50% of US spending.

• Luxury spending still strong—but cracks are forming in consumer stocks.

• Wall Street watching closely as wealthy consumers tighten wallets.

🔎 Takeaway: If the rich pull back, the whole economy could feel it

3️⃣ CoreWeave Slashes IPO Size as AI Hype Cools (Source)

• Data center startup CoreWeave cut its IPO valuation to $2.7B, down from expectations.

• Comes after Nvidia dropped 20% this month, shaking confidence in AI infrastructure bets.

• Still plans to go public—but with more modest expectations.

🔎 Why It Matters: AI is still hot, but the IPO market is getting picky—and more realistic.

🔎 What 5 Rich & Powerful Are Buying

📈 Tilman Fertitta , US billionaire businessman, buys $WYNN ( ▲ 1.55% ) (source)
• Personally bought 16,500 shares ($1.38M) between March 21–24
• Fertitta Entertainment also acquired 1.68M shares ($143.3M)
• Now the largest shareholder in Wynn Resorts

📈 Ken Griffin’s Citadel – went shopping $BA ( ▲ 1.64% ), $MS ( ▼ 0.15% ), $ADP ( ▲ 0.21% ) (Source)
• $BA, Boeing,: +2,262%, now 5.52M shares ($977M)
• $MS, Morgan Stanley: +2,082%, now 3.21M shares ($423M)
• $ADP, Automatic Data Processing: +1,558%, now 1.19M shares (~$372M)
➡️ Making bold bets on blue-chip industrials and financials

📈 Brett Blundy’s BBRC buys $VSCO ( ▼ 2.43% ) -Victoria Secret (Source)
• Bought 1.2M shares (~$19.5M) as stock nears multi-year lows
• Now owns 9.3M shares
• Stock is down 49% YTD after a big 2024 run-up

🧨 Elliott Management Shorts $SHEL ( ▲ 1.64% ) (Source)
• Took a £850M short position (~0.5% of float)
• Largest short against Shell in 9 years
• Likely hedging a long on $BP (owns ~5%)

📈 Big Hedge Funds Load Up on $IBIT ( ▲ 1.81% )  (Bitcoin ETF) (Source)
• Major Q4 buys into BlackRock’s spot Bitcoin ETF
• Top buyers:
 – D.E. Shaw: 7.4M shares (+345%)
 – Millennium: 6.3M shares (+27%)
 – Tudor: 3.6M shares (+82%)
 – Citadel: 1.0M shares (+5,196%)
➡️ $IBIT now ranks among top holdings in several billionaire-run portfolios

🔥 Underrated Stock of the Week: $LVS ( ▲ 0.08% ) 

📚 Company Overview: Las Vegas Sands is a global leader in luxury integrated resorts and casinos, with flagship properties in Macau and Singapore. The company has no operations in Las Vegas anymore, positioning itself as a pure play on Asia’s gaming recovery post-COVID.

📊 Key Financials & Metrics:

• Stock Price: $38.18

• P/E Ratio: 19.5x

• Market Cap: $27B

• EV/EBITDA: 9.6x

• Quarterly Revenue Growth: -0.7% YoY

• Quarterly EPS Growth: -15.2% YoY

• Net Profit Margin: 12.8%

• Debt-to-Equity (D/E): 4.4x

• ROE (Return on Equity): 48%

• Beta (Volatility): 1.1

• Analysts’ 12-Month Target: $57.8 (+51%)

• 30-Day Change: -14.6% | YTD Change: -25.7%

💪 Pros:

✔️ Pure exposure to Macau + Singapore tourism rebound
✔️ Solid earnings momentum with improving margins
✔️ Undervalued vs. analyst target with 50%+ upside potential

💩 Cons:

❌ Regulatory risks in China remain a wild card
❌ Dependent on discretionary travel & luxury spending

💰 Hot Take: Is $ASML ( ▼ 0.26% ) Overvalued?

📚 Company Overview: ASML is the world’s only supplier of extreme ultraviolet (EUV) lithography machines, which are essential for producing the most advanced semiconductors. The Dutch tech giant sits at the heart of the global chip supply chain—but could its stock price be running ahead of fundamentals?

📊 Key Financials & Metrics:

• Stock Price: $674.58

• P/E Ratio: 32.5x

• Market Cap: $272.3B

• EV/EBITDA: 24.2x

• Quarterly Revenue Growth: +28% YoY

• Quarterly EPS Growth: 31.5%

• Net Profit Margin: 26.8%

• Debt-to-Equity (D/E): 27.4%

• ROE (Return on Equity): 47.4%

• Beta (Volatility): 1.1

• Analysts’ 12-Month Target: 933.65

• 30-Day Change: -3.3% | YTD Change: -3.1%

🐂 Bull Case (Why It Could Keep Rising)

✔️ Tech monopoly in EUV machines—critical for next-gen chips
✔️ Positioned at the core of AI and semiconductor growth
✔️ High margins and strong pricing power

🐻 Bear Case (Why It Might Drop)

❌ Expensive valuation: 32.5x P/E and 24.2x EV/EBITDA is steep vs. peers
❌ Geopolitical risk: Export controls and chip wars could limit markets like China
❌ Customer concentration risk: A few chip giants like TSMC and Intel make up a large share of orders
❌ Long lead times & supply chain exposure: Delays in component deliveries or factory ramp-ups can impact revenue

🔍 Takeaway: ASML is a dominant force in chipmaking tech—but its customer dependency, premium valuation, and geopolitical risks suggest the stock might be priced for perfection. Proceed with caution.

📊 Sector Spotlight - Space Tourism – From Sci-Fi to Stock Play

💡 Why It Matters

Space tourism is no longer fiction—it’s billionaire-backed reality. SpaceX, Blue Origin, and Virgin Galactic are racing to sell orbital joyrides, lunar missions, and even space hotels.

✔️ Market projected to hit $9B+ by 2030, fueled by ultra-wealthy thrill-seekers
✔️ NASA and private firms are teaming up on lunar missions
✔️ Investors are placing early bets on rockets, microgravity labs, and orbital resorts

📈 Key Industry Metrics

• Market Size Forecast: $9.3B by 2030 (CAGR: 38%)

• Cost per Suborbital Seat: ~$450K (Virgin Galactic)

• Commercial Launches (2024): 200+ globally

• Tourism Flights: Blue Origin & Virgin Galactic ran multiple crewed missions in 2024

📊 Market Players to Watch

• $SPCE – Virgin Galactic: Suborbital flights now live

• SpaceX (private): Orbital + ISS missions, lunar tourism in development

• Blue Origin (private): Short spaceflights with reusable rockets

• $RDW – Redwire: Builds space infrastructure

• $MNTS – Momentus: In-space mobility for orbit & lunar transfers

🚀 Biggest Market Movers

📈 Top 3 Winners

1. W.R. Berkley Corp. (WRB) +7.5%

   • Catalyst: Surged after Japan's Mitsui Sumitomo Insurance announced a 15% stake acquisition. ​

2. Welltower Inc. (WELL) +2.3%

   • Catalyst: Shares rose due to improved credit ratings and significant infrastructure investment plans. ​

3. American Water Works (AWK) +2.2%

   • Catalyst: Gained following announcements of substantial infrastructure investments. ​

📉 Top 3 Losers

1. Lululemon Athletica Inc. (LULU) -14.2%

   • Catalyst: Despite surpassing sales and profit estimates, shares plummeted due to lower-than-expected guidance and concerns over reduced consumer spending amid economic uncertainty. ​

2. Warner Bros. Discovery Inc. (WBD) -5.8%

   • Catalyst: Declined amid restructuring efforts and weak movie ticket sales. ​

3. Dollar Tree Inc. (DLTR) -5.5%

   • Catalyst: Shares fell following the announcement to sell its Family Dollar brand.

💹 Next Week in Review

• Tue: ISM Manufacturing, JOLTS Job Openings

• Wed: ADP Jobs Report, Factory Orders

• Thur: Jobless Claims, ISM Services

• Fri: Non-Farm Payrolls (NFP), Unemployment Rate, OPEC+ Meeting

📊 Earnings to Watch

• Tue: Salesforce $CRM ( ▼ 1.54% ), HP $HPQ ( ▲ 0.49% ) 

• Wed: Snowflake $SNOW ( ▲ 0.1% ), CrowdStrike $CRWD ( ▼ 4.21% ) 

• Thur: Broadcom $AVGO ( ▲ 0.21% ), Dell $DELL ( ▼ 0.32% ) 

💡 Interesting Data Point

• 🚗 VW Golf remains the top-selling car in Germany and Austria

• 🌍 Over 35 million units sold worldwide—a true automotive evergreen

• 📈 Austria: Golf sales surged +61.2% in 2024

• 🇩🇪 Germany: Around 100,200 new Golfs registered in 2024

• 🇫🇷 France: Renault Clio remains the local favorite

• 🇮🇹 Italy: Fiat Panda leads the charts

• 🇪🇸🇵🇹 Spain & Portugal: Dacia Sandero is the most popular model