🐺FED WATCH, AND $6.5T IN MEGA CAP MAYHEM

Let’s get into it… today’s one of those days where every hour has a headline. But first, yesterday morning started with a batch of earnings from fintech and healthcare. And then of course we’re heading straight into a firestorm after the bell, today, with $6.5 trillion in market cap set to report. Oh, and the Fed meets today. No pressure.

Fintech and Healthcare Check-In

$SOFI ( ▼ 7.72% ) delivered its 17th straight revenue beat, coming in at $498M vs. $487M estimates. Personal loan originations are still strong, but commentary hinted at tighter lending standards ahead.

$PYPL ( ▼ 0.1% ) is in slow-motion turnaround mode. Total Payment Volume (TPV) was $404B vs. $402B expected, with active accounts roughly flat. Venmo growth was stagnant, and while cost cuts helped margins, investors are still waiting for a spark.

$NVO ( ▼ 5.06% ) slid after revising guidance lower… pressure in the U.S. obesity drug channel is real, even for a GLP-1 giant. Ozempic and Wegovy sales are still growing, but at a more measured pace. New CEO stepping in as they recalibrate the next phase of growth.

$UNH ( ▼ 0.17% ) dropped like a rock after earnings, despite relatively in-line numbers. The issue? A weaker outlook for FY2025, rising medical costs, and ongoing Medicare probe headlines. Investors clearly want more reassurance from management… and they didn’t get it.

Overall, though, $UNH ( ▼ 0.17% ) is headed for some long term upside according to the Prospero.ai with a score of 75.

Eyes on the Fed: Will They or Won’t They?

The FOMC meeting wraps up today (Wednesday), and no one’s expecting a miracle. There’s only a 2.6% chance of a rate cut… essentially none. But every word from Powell matters, especially with inflation showing mixed signals and GDP forecasts cooling.

Find out more in the premium section, including earnings forecasts and estimates!

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