MARKET HIGHLIGHTS TECH, MEDIA & TELECOM 🔸 Big Tech ( $AAPL, $AMZN, $META, $GOOGL, $MSFT, $NVDA): Lower as China imposes 34% tariffs on U.S. goods in response to U.S. tariffs. 🔸 China stocks ( $BABA, $BIDU, $PDD, $JD, $SINA, $NTES): Trading sharply lower. 🔸 EU vs. "X": Possible $1B fine for disinformation law violations. 🔸 Five9 ( $FIVN): Q1 EPS, revenue in line or better than guidance; 4% workforce reduction. CONSUMER 🔸 Booking Holdings ( $BKNG): Upgraded to Buy (BTIG), target $5,500. 🔸 Guess ( $GES): Q4 adj. EPS $1.48 (est. $1.40), revenue $932.3M (+4.6% y/y, est. $912.3M). Gross margin 44.1% (vs. 45.4%). 2026 revenue forecast +3.9%-6.2%, EPS $1.32-$1.76 (est. $2.07). Alberto Toni named CFO. Plans to close unprofitable stores. 🔸 Kraft Heinz ( $KHC): Downgraded to Sell (Citigroup), target cut to $27 due to sales growth concerns. ENERGY, INDUSTRIALS & MATERIALS 🔸 ExxonMobil ( $XOM): Q1 earnings impact: Energy products (-$0.3B to -$0.7B), upstream (liquids/gas: $0.0B to -$0.4B), chemicals (-$0.1B to $0.1B), specialty (-$0.3B to -$0.1B). 🔸 Matador Resources ( $MTDR): Selling Eagle Ford assets, board reviewing stock repurchase. 🔸 Shell ( $SHEL): Selling 16.125% Colonial Enterprises stake to Brookfield (BIP) for $1.45B. FINANCIALS 🔸 Cboe ( $CBOE): Q1 options volume 1.1B contracts, March ADV 18.8M (record). 🔸 Franklin Resources (BEN): March AUM $1.53T (Feb: $1.57T), $4B net outflows. 🔸 Progressive ( $PGR): Downgraded to Neutral (Bank of America), target cut to $287 from $300. HEALTHCARE 🔸 LifeCore ( $LFCR): Q3 EPS -$0.47 (est. -$0.15), revs $35.2M (est. $33.23M). FY guidance: revs $126.5M-$130M, adj. EBITDA $19M-$21M. 🔸 Simulations Plus ( $SLP): Q2 adj. EPS $0.31 (est. $0.12), revs $22.4M (est. $21.9M). FY guidance: revs $90M-$93M, adj. EPS $1.07-$1.20 (est. $0.47).

RECAP • $AMZN: Developing smart glasses for delivery drivers to aid navigation. • $ARMK: Q4 EPS $0.54 vs. $0.53 est., new $500M buyback, dividend up 11%, FY25 guidance increased. • $BLMN: Downgraded to Market Perform by Raymond James. • $BKNG: Announces organizational changes and layoffs. • $TSLA: Shares up 7% premarket, reached $1T market cap post-Trump win. • $ENPH: Cutting 17% of workforce, expects $17-20M in restructuring costs. • $NOV: Downgraded to Neutral by Citigroup, target price cut to $18. • $SMR: Filed for up to $200M share offering. • $Russia: Potential merger of major oil companies into one entity. • $FTX: Sued Binance & Zhao for $1.8B, also suing Scaramucci. • $GEHC & $RDNT: Collaborating on AI in imaging. • $INSP: $75M share repurchase program. • $TEVA: Seeking to reverse patent decision. • $TSM: Ordered to stop exporting advanced AI chips to China. • $SPNS: Reduced FY24 revenue forecast, Q3 underperformed. • $SONY: Q2 profit up 69%, game biz profits doubled, PS5 sales at 3.8M. • $PINS: Upgraded to Outperform by Wedbush.