Wall Street Digest

Q1 2025 Market Recap 🧵

1/ 📉 S&P 500: -4.6% — worst quarter since 2022.

2/ 💥 Tech tumbles:

• Tesla ($TSLA): -36%

• Nvidia ($NVDA): -20%

• Apple ($AAPL): -13%

• Microsoft ($MSFT): -13%

• Amazon ($AMZN): -15%

• Alphabet ($GOOGL): -20%

3/ 📈 Energy sector: +9.3% — quarter’s standout performer.

4/ 💸 Tariff tensions and stagflation fears roiled markets.

5/ 📊 Cboe Volatility Index ($VIX): up 28% to ~22 — fear gauge elevated.

6/ 🏦 Recession odds: 35% — Federal Reserve expected to cut rates. Reuters

7/ 📉 Invesco QQQ Trust ($QQQ): -8.2% — tracking Nasdaq-100’s decline.

8/ 📉 Nasdaq Composite: -10.4% —

9/ 📉 Dow Jones Industrial Average: -1.3% — relatively modest decline.

10/ 🪙 Bitcoin ($BTC): -11.8% — crypto faced headwinds amid market volatility

Sector Performance:

Top S&P 500 Performers YTD 2025 🚀📈

1/ CVS 🏥 +49.6% — Medicare Advantage changes + strong earnings
2/ NEM 🪙 +29.2% — Gold rally = mining boom
3/ PM 🚬 +28.9% — Global sales & smokeless growth
4/ T 📱 +23.8% — 5G rollout & subscriber growth
5/ COR 💊 +22.5% — Healthcare demand powering ahead
6/ VRTX 🧬 +22.4% — Biotech wins on trial results
7/ ED ⚡️ +21.9% — Safe utility play in shaky market
8/ WRB 🛡️ +21.8% — Strong insurance underwriting
9/ WELL 🏡 +21.7% — Senior housing comeback
10/ VRSN 🌐 +21.2% — Domain name dominance
11/ GILD 💉 +21.0% — Expanding antiviral lineup
12/ UBER 🚗 +20.6% — Profitability & delivery growth
13/ BRO 🧾 +20.5% — Insurance brokerage strength
14/ AJG 🤝 +20.0% — Smart M&A moves
15/ TMUS 📶 +20.0% — Subscriber growth post-merger
16/ WBA 🧪 +19.9% — Healthcare pivot paying off
17/ GE 🛠️ +19.8% — Restructuring = results
18/ HES 🛢️ +19.1% — Crude prices lifting energy
19/ ORLY 🚘 +18.8% — Aging cars = parts demand
20/ EXC ⚙️ +18.8% — Reliable utility revenues
21/ RSG ♻️ +18.6% — Waste management = steady gains
22/ TPL 🌾 +18.1% — Land + royalties = $$$
23/ AMGN 🧪 +17.8% — Biologics & pipeline strength
24/ AIG 💼 +14.9% — Better underwriting & margins
25/ CI 🏥 +17.7% — Health plan growth on point

Bottom S&P 500 Performers YTD 2025 📉

1/ DECK 👟 -45.6% — Weak outlook despite hype around HOKA; growth cooling
2/ TSLA 🚗 -36.2% — Slowing deliveries & demand concerns for EVs
3/ ON 🔌 -35.8% — Chip glut & macro pressure hitting semi demand
4/ TER 🧪 -34.6% — Semi test equipment demand drying up
5/ WDC 💾 -33.0% — Storage biz struggles with pricing & inventory
6/ MRNA 💉 -32.6% — Vaccine demand fades, pipeline still speculative
7/ WST 🧫 -32.6% — Post-COVID normalization + slower medical sales
8/ VTRS 💊 -30.9% — Generics under pressure + lack of growth spark
9/ ANET 🌐 -30.0% — Cautious cloud capex hitting networking
10/ UAL ✈️ -28.6% — Margin pressure + rising fuel & labor costs
11/ FSLR ☀️ -28.4% — Policy uncertainty dims solar outlook
12/ DAL ✈️ -27.8% — Similar story: cost creep, soft demand
13/ EPAM 💻 -28.5% — Global macro + Eastern Europe exposure hurting
14/ AVGO 📡 -28.2% — Broad semi selloff despite AI tailwinds
15/ HPE 🖥️ -25.8% — Legacy hardware biz can’t catch a break
16/ SWKS 📶 -27.7% — Apple exposure dragging w/ weak iPhone cycle
17/ ZBRA 🧾 -27.4% — Industrial tech hit by capex slowdown
18/ NCLH 🛳️ -26.9% — Debt load + weaker bookings weigh
19/ EIX ⚡ -27.2% — Legal risks + fire liability fears
20/ LULU 🧘‍♂️ -23.2% — Sales miss + inventory concerns
21/ CZR 🎰 -23.7% — Vegas cools, macro weighs on discretionary
22/ NOW ☁️ -25.7% — High multiple names getting derated
23/ LVS 🎲 -25.1% — Macau bounceback not enough
24/ NTAP 🗄️ -24.1% — Cloud competition, hardware soft
25/ ALGN 😬 -24.8% — Ortho slowdowns & margin compression

What lies ahead?

“You don’t need to be able to predict the future to make money in the stock market. You just need to know what to do if something happens.”—William O’neil.