Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
U.S. Stocks Performance:
$S&P 500 Index: 5,776.65 (+0.16%)
$Dow Jones Industrial Average: 42,587.50 (+0.01%)
$Nasdaq Composite Index: 18,271.86 (+0.46%)
U.S. major stock indexes saw modest gains on Tuesday, with the Nasdaq, S&P 500, and Dow all moving higher. The rally came despite a 7.2-point decline in the Conference Board's Consumer Confidence Index, which fell to 92.9 in March. $Trump Media & Technology (DJT.US) surged by 8.85% following an announcement of a new ETF partnership with Crypto.com, while $Tesla (TSLA.US) continued its upward momentum, rising 3.5% after a strong performance on Monday.
Notably, $GameStop (GME.US) shares climbed 8% in after-hours trading after the company revealed plans to add Bitcoin to its treasury reserves. This move came despite a decline in Q4 revenue, though the company reported increased profits due to cost-cutting initiatives.
Bursa Malaysia Insight:
$FTSE Bursa Malaysia KLCI Index: 1,513.60 (+0.65%)
Top Gainer: $MRDIY (5296.MY) at RM1.44 (+4.35%)
Top Loser: $IOICORP (1961.MY) at RM3.66 (-1.35%)
Bursa Malaysia closed on a positive note on Tuesday, driven by renewed investor confidence following a reduction in concerns about U.S. tariffs. The KLCI index rose by 0.65%, with market breadth showing more gainers than losers.
Investor optimism was fueled by a potential easing of the U.S. tariff impact, although Bank Negara Malaysia has projected 4.5%-5.5% growth for 2025 while analysts remain cautious about risks from U.S. tariffs. Malaysia's diversified trade may provide some protection against external shocks.
The economy saw a 5.1% growth in 2024, surpassing expectations, driven by a decade-high level of domestic investments. Malaysia's capital market also grew to RM4.2 trillion, up 11% from 2023.
Stocks to Watch:
$VELESTO (5243.MY) announced a RM1.2 billion share capital reduction, aimed at improving its capital structure.
$BNASTRA (7195.MY) posted a 63.2% increase in Q4 net profit, reporting RM25.1 million and RM270.2 million in revenue. The company declared its first dividend in seven years.
$AXIATA (6888.MY) shareholders have approved the merger of XL Axiata, Smartfren Telecom, and Smart Telcom, which will create Indonesia's third-largest telecommunications company.
$CEB (5311.MY) partnered with Taiwan's Aerospace Industrial Development Corporation for aerospace parts manufacturing and renewable energy projects.
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