Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	93.2999	0.450	0.48	51.6K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	50.3499	0.200	0.39	58.9K
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	205.1000	0.810	0.39	5.9K
(NYSE:XLB)	Materials Select Sector SPDR	86.8385	0.298	0.34	438
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	98.9400	0.250	0.25	1.2K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	134.5700	0.280	0.20	153
(NYSE:XLK)	SPDR Select Sector Fund – Technology	217.8800	0.250	0.11	8.1K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	79.39	-0.01	-0.02	5.1K

Pulled from Benzinga Pro data this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors.

To read more about sector movers, click here.

Good Morning Traders! In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.

We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains. Now, let’s dive into the stock analysis:

SPDR S&P 500 ETF Trust (SPY)

The SPY is currently trading near our pivot at 574.65. Bulls want immediate momentum above this level, targeting initial resistance at 575.67. Sustained bullish activity above 575.67 could propel SPY upwards to test the support-turned-resistance at 576.62. If the buyers firmly secure this level intraday, a subsequent move towards 577.87 becomes likely, with our ambitious upside target placed at 579.12.

Should SPY lose grip on 574.65 early, bearish sentiment would dominate, first challenging 573.50. Persistent selling below this point would open up potential downside to 572.15. Breaking beneath 572.15 would accelerate selling momentum, aiming next at strong support located at 571.06. A severe bearish breakdown would set the stage for a test of our ultimate daily bearish target at 569.98.

Invesco QQQ Trust Series 1 (QQQ)

The QQQ is actively trading around our critical zone of 490.05. The bullish scenario hinges on price stability above this level, with an initial push toward reclaiming support at 491.82. A strong bid could then carry price action to 493.60. Should the market see sustained buying, QQQ would target resistance at 495.35, aiming higher still toward our premium bull target at 496.94.

If bullish momentum falters at 490.05, bears would step in decisively, initially pressing the price lower towards 487.69. Further weakness could expose the next significant support at 486.10. Continuous selling pressure might push QQQ to retest critical support at 483.95. Failure to hold here under aggressive bearish sentiment would guide the market down to our bearish objective at 481.73.

Apple Inc. (AAPL)

Apple shares currently hover near our pivot point of 220.29. Bullish participants need to assert control here, pushing price upwards initially to 220.97. Sustained bullish enthusiasm could propel AAPL towards a key upside target at 221.66. Should buying persist throughout the session, the bulls will aim for today’s high-end target of 222.24.

Conversely, failure to maintain 220.29 as support would activate bearish sellers targeting the initial downside at 219.19. Increased selling activity below this level would set the stage for a move lower towards 218.08. Continued bearish momentum could then pressure Apple shares towards 216.70, and an aggressive selling scenario would target the daily low-end bearish objective at 215.25.

Microsoft Corp. (MSFT)

Microsoft is trading around our primary support zone at 394.46. Bulls are looking for clear strength above this level, initially targeting a rally to secure 395.68 as intraday support. If buyers successfully stabilize price action above 395.68, MSFT could extend its rally towards the higher resistance at 397.65. Continued bullish conviction could ultimately lead to reaching our premium bull target for Microsoft today at 398.38.

Should 394.46 fail to hold, bearish traders would quickly target a downside move towards 393.47. Further weakness below this point would bring a test of 392.49 into focus. If selling pressure intensifies, bears will attempt to force MSFT lower toward critical support at 390.98. Under a strong bearish impulse, our low bear target for Microsoft today is positioned at 389.29.

NVIDIA Corporation (NVDA)

NVIDIA currently trades near the pivotal area of 120.27. Bullish momentum here requires a firm rally towards 121.97, reclaiming it as a firm intraday support. Continued strength on the buy-side could elevate price action up to 123.41, with potential bullish extension towards 125.21. If buyers dominate the session, we anticipate reaching the day’s optimistic bullish target at 126.84.

If NVDA struggles and breaches below the critical 120.27 level, bearish traders will target the immediate downside at 119.44. Continued weakness from this point would encourage sellers to challenge 117.86. Persistent bearish sentiment would likely push price action towards 116.61, and an aggressive sell-off could result in reaching today’s bearish extreme at 115.83.

Alphabet Inc Class A (GOOGL)

Alphabet is presently trading near our key reference point at 167.04. Bullish control here demands maintaining support at this level and driving prices initially upwards towards 169.34. Persistent bullish sentiment throughout the session could then accelerate GOOGL toward today’s optimistic bullish target of 171.14.

However, should 167.04 fail to hold, bearish traders would swiftly capitalize, pressuring the price down to initial support at 165.41. If this area collapses under heavy selling, the next downside target would be 163.79. Sustained bearish pressure might result in an extended sell-off, ultimately targeting the day’s low-end bearish goal of 161.79.

Meta Platforms Inc (META)

Meta shares are trading near our critical support at 622.01. Bulls must secure this level to prompt an upward push towards initial resistance at 629.88. Persistent bullish pressure could then push META higher towards the intermediate resistance of 635.49. Strong buying activity throughout today’s session could ultimately target the aggressive bullish daily level at 642.59.

If 622.01 fails under bearish attack, sellers would quickly aim for an initial downside move towards 615.65. Increased bearish intensity would expose further downside towards 609.30. Continued selling below this level would place bearish traders in firm control, targeting the day’s bearish extremity at 604.50.

Tesla Inc. (TSLA)

Tesla is trading around our pivotal mark at 281.32. Bullish activity above this zone would see buyers initially aiming higher at 283.95. Continued strength could drive the price action towards an important intraday level at 286.34. If broader market conditions favor bulls, TSLA would likely attempt a move towards stronger resistance at 288.80, ultimately reaching our ambitious bullish daily target at 290.47.

A breakdown below 281.32 would immediately shift control to bearish traders, targeting the initial support test at 279.43. If selling continues below this area, further downside pressure would extend toward 278.11. Breaking through this key support level under heightened bearish momentum would accelerate a decline towards today’s bearish limit at 275.07.

Final Word:

Today’s trading session begins with pivotal economic data releases starting with the Philly Fed Non-Manufacturing Activity for March at 8:30 AM ET, setting an early tone. Shortly thereafter, at 9:00 AM ET, traders will receive the FHFA House Price Index and the S&P CoreLogic Housing Price Index for January, providing key insights into the housing market’s trajectory. At 10:00 AM ET, expect the release of February’s New Home Sales figures, Richmond Fed Manufacturing Index, and the crucial Conference Board Consumer Confidence reading for March. Additionally, market participants should remain aware of the Treasury’s 2-Year Note Auction scheduled for 1:00 PM ET. Notably, two Federal Reserve voting members, Adriana Kugler at 8:40 AM ET and John Williams at 9:05 AM ET, will speak publicly, potentially influencing short-term market sentiment.

Given today’s data-heavy environment, volatility is expected, creating ample trading opportunities across indices and individual equities. Remain disciplined, pay close attention to support and resistance zones outlined above, and adjust your risk exposure accordingly to manage potential market turbulence. Trade smart, stay disciplined, and good luck today!

The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.

Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it’s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.

For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at https://marketclubhouse.club/7Days/ where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: https://www.youtube.com/@MarketClubhouse.

Financial giants have made a conspicuous bullish move on Snowflake. Our analysis of options history for Snowflake (NYSE:SNOW) revealed 22 unusual trades.

Delving into the details, we found 36% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $454,926, and 12 were calls, valued at $940,750.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $135.0 to $340.0 for Snowflake over the recent three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Snowflake’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Snowflake’s significant trades, within a strike price range of $135.0 to $340.0, over the past month.

Snowflake Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
SNOW	CALL	TRADE	NEUTRAL	04/11/25	$8.7	$8.25	$8.45	$160.00	$295.7K	490	355
SNOW	CALL	TRADE	BULLISH	04/25/25	$5.4	$4.9	$5.25	$170.00	$183.7K	80	356
SNOW	CALL	SWEEP	BEARISH	04/17/25	$4.15	$3.8	$4.0	$170.00	$80.0K	3.2K	244
SNOW	CALL	SWEEP	NEUTRAL	06/20/25	$13.6	$13.1	$13.6	$170.00	$76.3K	2.5K	106
SNOW	PUT	TRADE	NEUTRAL	03/20/26	$25.05	$21.75	$23.35	$155.00	$67.7K	221	0

About Snowflake

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. Snowflake’s data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake’s data sharing capability allows enterprises to buy and ingest data, while its data solutions can be hosted on various public clouds.

Present Market Standing of Snowflake

• Trading volume stands at 1,124,218, with SNOW’s price up by 4.38%, positioned at $165.32.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 58 days.

What Analysts Are Saying About Snowflake

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $214.2.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from Oppenheimer persists with their Outperform rating on Snowflake, maintaining a target price of $220.
* An analyst from Loop Capital persists with their Buy rating on Snowflake, maintaining a target price of $215.
* An analyst from UBS has decided to maintain their Neutral rating on Snowflake, which currently sits at a price target of $200.
* An analyst from RBC Capital has decided to maintain their Outperform rating on Snowflake, which currently sits at a price target of $221.
* An analyst from Wells Fargo persists with their Overweight rating on Snowflake, maintaining a target price of $215.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Snowflake, Benzinga Pro gives you real-time options trades alerts.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLK)	SPDR Select Sector Fund – Technology	217.4000	3.440	1.60	122.0K
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	200.3400	2.890	1.46	9.1K
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	98.4800	0.880	0.90	4.3K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	133.4100	1.160	0.87	57.2K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	49.8200	0.360	0.72	163.4K
(NYSE:XLB)	Materials Select Sector SPDR	86.2678	0.478	0.55	1.1K
(NYSE:XLRE)	Real Estate Select Sector SPDR Fund (The)	41.6200	0.110	0.26	3.1K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	92.11	-0.41	-0.45	44.0K
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	79.05	-0.28	-0.36	47.2K
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	78.50	-0.25	-0.32	3.8K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	146.58	-0.02	-0.02	1.4K

Pulled from Benzinga Pro data this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors.

For more information on sector movers, click here.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLRE)	Real Estate Select Sector SPDR Fund (The)	41.95	0.03	0.07	678

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLK)	SPDR Select Sector Fund – Technology	211.10	-2.28	-1.07	32.5K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	49.25	-0.39	-0.79	227.5K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	132.00	-0.96	-0.73	3.9K
(NYSE:XLB)	Materials Select Sector SPDR	86.09	-0.56	-0.65	3.1K
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	195.84	-0.90	-0.46	4.4K
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	92.79	-0.38	-0.41	32.4K
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	96.47	-0.37	-0.39	1.1K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	146.50	-0.51	-0.35	1.7K
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	79.06	-0.20	-0.26	3.2K
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	79.29	-0.07	-0.09	11.5K

Pulled from Benzinga Pro data this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors.

For more information on sector movers, click here.

Good Morning Traders! In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.

We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains. Now, let’s dive into the stock analysis:

SPDR S&P 500 ETF Trust (SPY)

Bulls need SPY to sustain momentum above the pivot of 563.23, with an initial upward push targeting 564.29. Should the market hold firmly above that mark, buyers would aim for further expansion towards the critical support-turned-resistance at 565.38. Persistence above this level during regular market hours could unlock additional upside, targeting 566.46 before potentially reaching today’s peak bullish target at 567.81.

Should 563.23 fail to provide adequate buying support, bears will seek to regain dominance, pressing price downward towards 561.90. If selling intensifies, further pressure could drive SPY down to 560.83. A breach here might accelerate losses, bringing the crucial 559.75 level into play, and potentially extending today’s bearish move down to the ultimate downside target of 558.32.

Invesco QQQ Trust Series 1 (QQQ)

Bulls want QQQ to establish stability above the critical pivot at 476.85, aiming initially for 479.03. Successful accumulation above this level would validate bullish strength, encouraging a move towards the next significant level at 481.73. Continued upward buying pressure may subsequently lift the auction higher to 483.95, potentially reaching today’s maximum bullish objective of 486.10.

If buying momentum falters at 476.85, bears will aggressively drive prices lower, initially targeting the support at 474.66. Sustained bearish sentiment would likely trigger further declines, testing 471.33. Should weakness persist, sellers could intensify the auction downward toward 469.27, possibly extending losses to today’s lowest bearish target at 467.60.

Apple Inc. (AAPL)

Bulls need Apple’s price action to consolidate and defend 212.44 as firm support, aiming initially upward toward 214.07. If bullish pressure continues to build, a test of 215.25 becomes increasingly probable. Strong and sustained buying momentum could ultimately push the auction towards Apple’s upper bullish objective for today at 216.70.

If buyers lose control and the 212.44 support fails, Apple will likely experience a pullback toward the initial bearish target of 211.12. Continued bearish momentum could extend declines toward 209.81. If selling becomes more pronounced, the auction could retreat further to 208.81, and, under heavy selling, ultimately test the lower bearish boundary at 207.93.

Microsoft Corp. (MSFT)

Bulls require Microsoft to hold firmly above the important level of 386.09, setting up an initial bullish run towards 387.60. Establishing this point as clear intraday support may encourage further bullish activity, pushing prices upwards to the next resistance at 388.53. Continued strong buying momentum would ultimately target Microsoft’s maximum bullish objective today at 389.29.

If the level of 386.09 breaks under selling pressure, bears will likely press the auction downward to test support at 385.42. Should weakness persist, the price could decline further toward 384.57. Intensifying bearish pressure may encourage sellers to aim even lower at 382.69, with continued selling potentially pushing the auction to Microsoft’s lower bearish boundary of 381.64.

NVIDIA Corporation ( NVDA)

Bulls seek NVIDIA to advance decisively from its critical pivot of 116.61, targeting an immediate move to 117.86. If buyers manage to clearly establish support above this area, bullish continuation would target 119.44. Sustained bullish volume could further boost the price to 120.27, possibly culminating in NVIDIA reaching today’s highest bullish price target at 121.97.

If support at 116.61 deteriorates during the session, bears are likely to gain momentum, aiming first for the support at 115.83. A breakdown at this juncture might encourage further bearish activity, targeting 115.15. Increased selling pressure may subsequently force the auction towards 114.29, potentially reaching NVIDIA’s lowest bearish target today at 113.68.

Alphabet Inc Class A (GOOGL)

Bulls aim for Alphabet to stabilize firmly above the key price of 161.79, targeting an upward push towards the immediate level at 163.79. Sustained bullish activity could then carry Alphabet further toward today’s peak bullish price target of 165.41.

If Alphabet fails to maintain support at 161.79, bears are likely to seize control and press prices downward towards the next key support at 160.36. If selling pressure continues to mount, the auction might descend further to test 158.54. Aggressive bearish activity could drive Alphabet lower still, ultimately reaching today’s minimum bearish objective of 157.41.

Meta Platforms Inc (META)

For Meta bulls, maintaining robust support above 585.73 is essential, setting up an initial upward test of 591.29. Persistent bullish interest could subsequently lift the auction towards the next target at 598.17. Continued bullish conviction may extend the price movement to Meta’s high bullish target of 604.50.

If support at 585.73 weakens under selling pressure, bears will attempt to pull the auction downward towards initial support at 580.17. Intensified selling could then drive Meta lower to 573.25. Should bearish momentum remain heavy, further price erosion might occur, possibly reaching the lower bearish target of 565.53.

Tesla Inc. (TSLA)

Tesla bulls need firm price strength above the pivot at 235.74, initially aiming for 238.50. With sustained bullish buying, Tesla could then advance further towards the resistance at 239.92. If broader market sentiment supports a rally, the price might reach upward targets at 242.49, ultimately pushing Tesla towards today’s bullish ceiling of 243.98.

If Tesla struggles at the critical support of 235.74, bears will target immediate downside at 233.49. Further selling activity could push Tesla lower to 230.65. If selling accelerates and that support fails, bears may aggressively push the auction towards Tesla’s lowest bearish target today at 228.45.

Final Word:

Today’s trading calendar is exceptionally sparse regarding economic reports, leaving market participants intensely focused on Triple Witching expiration events. These quarterly derivative expirations often induce substantial intraday volatility, heightened volume, and sharp price swings, as institutions and traders adjust or unwind significant option and futures positions.

Traders should remain vigilant, carefully managing risk exposure and preparing for abrupt market moves that could challenge established price ranges and technical levels. Expect pronounced swings during today’s session. Defensive trading strategies are strongly recommended. Trade smart, maintain your discipline and composure, and have a profitable and Happy Friday!

The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.

Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it’s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.

For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at https://marketclubhouse.club/7Days/ where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: https://www.youtube.com/@MarketClubhouse.

Visa Inc (NYSE:V) remains the undisputed scale leader in the payments industry, but Mastercard Inc (NYSE:MA) has been outpacing its rival in growth.

Should investors bet on Visa’s dominance or Mastercard’s momentum?

JPMorgan’s Tien-tsin Huang analyzes the key differences between the two payment giants, focusing on their financials, shareholder returns, and valuation dynamics.

Scale Vs. Speed: Who Wins?

Visa’s dominance is clear — it boasts 63% more total volume, 31% more revenue, and an enviable ten-point operating margin advantage, thanks to superior fixed cost leverage. It also has 50% more cards outstanding and commands nearly two-thirds of the global market share in purchase volume.

However, Mastercard has been running circles around Visa in growth, capitalizing on a mix of faster-expanding regions and revenue streams. According to Huang, Mastercard outpaced Visa in revenue growth by about two percentage points, maintaining its five-year average edge. Even on the bottom line, Mastercard’s adjusted EPS grew four percentage points faster, thanks to margin expansion—something Visa couldn’t pull off last year.

Read Also: Stripe’s Payment Surge Puts Adyen, PayPal, Fiserv On Notice – AI, Stablecoins Fuel The Race

Shareholder Returns: A Dead Heat

Both companies are cash flow powerhouses, returning nearly all of their adjusted net income to shareholders via aggressive share buybacks. In 2024, Mastercard and Visa shares gained 23% and 21%, respectively, mirroring the S&P 500’s performance.

However, Huang notes that Visa has taken the early lead in 2025, benefiting from investors’ appetite for U.S. growth and a reduced regulatory overhang.

The Valuation Puzzle

Network multiples have expanded, with Mastercard trading at 33x forward earnings versus Visa’s 28x.

While both remain in line with their historical premium to the S&P 500, Huang points out that Mastercard’s higher multiple reflects its stronger growth profile, while Visa’s relative value case is gaining traction.

The Verdict

Huang isn’t picking sides, maintaining an Overweight rating on both stocks. Mastercard’s growth premium looks sustainable, but Visa’s relative value and easing regulatory risks could make it the safer bet.

Investors have a choice—go big with Visa or go fast with Mastercard. Either way, it’s a battle of titans worth watching.

Read Next:

• Elon Musk Says ‘Hang On To Your Stock’ In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo

Image: Shutterstock

Chinese electric vehicle company NIO Inc (NYSE:NIO) could provide a look at the Chinese auto market’s momentum when the company reports fourth-quarter financial results Friday before market open.

Earnings Estimates: Analysts expect NIO to report fourth-quarter revenue of $2.85 billion, up from $2.41 billion according to data from Benzinga Pro.

The company has missed analyst estimates for revenue in three straight quarters and four of the last five quarters overall.

Analysts expect NIO to report fourth-quarter earnings per share of 40 cents, down from a loss of 39 cents per share in last year’s fourth quarter. The company has beaten analyst estimates for earnings per share in two straight quarters and four of the last five quarters.

Read Also: US Listed China Stocks Rally: Alibaba’s Performance, President Xi’s Support, DeepSeek AI Boost Investor Confidence

Key Items to Watch: NIO’s earnings report comes after the company recently announced a strategic partnership with Contemporary Amperex Technology Co., Ltd (CATL) for a battery-swapping network.

The new partnership is expected to see the two companies provide better recharging solutions to vehicle owners and expand on the battery swapping charging method that has been popular in China for years.

NIO has a network of charging and battery swapping stations that total more than 3,000 Power Swap Stations.

Investors will likely hear more about this new partnership and what it means for the company’s future in the EV sector.

NIO previously reported 72,689 vehicles delivered in the fourth quarter, which was a new quarterly record.

While NIO will highlight this figure and the full-year totals again, investors will likely want to hear more about future deliveries and guidance.

NIO recently reported 13,192 deliveries for the month of February, which was up 62% year-over-year and down 4.8% from January.

In February, NIO delivered 9,143 NIO vehicles and 4,049 ONVO vehicles. ONVO is the company’s new lower-priced EV brand launched in May 2024 that launched its first model in September.

Investors would love to hear more about the momentum of ONVO, which is expected to have a second vehicle launch later this year.

Another item to watch will be guidance and the discussion of reaching profitability. The company has recently placed a recent emphasis on this goal.

NIO Price Action: NIO stock is down 8.4% to $4.74 on Thursday versus a 52-week trading range of $3.61 to $7.71. NIO stock is up 4.1% year-to-date in 2025.

Read Next:

• Muddy Waters’ Carson Block Warns Against Chinese Stocks Despite Recent Market Surge: Report

Photo: Shutterstock

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	79.02	0.08	0.1	7.5K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLK)	SPDR Select Sector Fund – Technology	213.05	-1.86	-0.87	26.3K
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	195.87	-1.34	-0.68	2.5K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	49.27	-0.30	-0.61	232.6K
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	96.55	-0.50	-0.52	1.8K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	132.98	-0.65	-0.49	1.1K
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	92.66	-0.17	-0.19	16.4K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	146.68	-0.24	-0.17	1.7K
(NYSE:XLRE)	Real Estate Select Sector SPDR Fund (The)	41.93	-0.04	-0.10	892
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	79.74	-0.01	-0.02	15.9K

Pulled from Benzinga Pro data the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.

To read more about sector movers, click here.

Good Morning Traders! In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.

We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains. Now, let’s dive into the stock analysis:

SPDR S&P 500 ETF Trust ( SPY)

Bulls need the SPY to stay firm above our pivot at 564.29 and quickly push toward resistance at 565.38. Sustained momentum here would likely trigger buying toward the next critical level at 566.46. If the market confidently holds above 566.46, anticipate bullish follow-through targeting 567.81, with today’s ambitious upside objective at 569.16.

If SPY falters below 564.29, expect bearish momentum to intensify, initially probing support at 563.23. Should sellers dominate this area, the downside momentum may accelerate toward 561.90. Heavy selling could test lower support at 560.83, with an aggressive bear target today at 559.75.

Invesco QQQ Trust Series 1 (QQQ)

Bulls want QQQ to maintain strength above the important pivot at 476.85, aiming for buyers to step in aggressively toward resistance at 479.03. Sustained bullish control above this level should pave the way toward 481.73. Strong buying today could potentially drive price action higher to 483.95, setting sights on a bullish extension toward our optimistic target of 486.10.

However, if 476.85 fails to hold, anticipate bears aggressively pressing the auction down to support at 474.66. Continued weakness could lead to further declines toward 471.33, with persistent sellers potentially bringing 469.27 into view. Losing this level decisively could drive QQQ down to today’s bearish target of 467.60.

Apple Inc. (AAPL)

Apple bulls must actively defend the pivot at 214.07 and seek immediate bullish momentum toward initial resistance at 215.25. Successful buyers in this zone may create bullish momentum toward the next important area at 216.70, with today’s upper bullish objective sitting confidently at 218.08.

If selling intensifies and Apple slips below 214.07, bears will likely accelerate downside momentum targeting support at 212.44. Persistent selling pressure would encourage bears to press toward 211.12, then further to 209.81. Breaking below here opens the door to today’s bearish target at 208.81.

Microsoft Corp. (MSFT)

Bulls trading Microsoft will seek a strong reaction off 386.09, quickly targeting resistance at 387.60 and establishing bullish momentum above this crucial support. A successful hold here should propel buyers toward 388.53, with potential follow-through toward today’s bullish target of 389.29.

Should Microsoft slip under the pivot at 386.09, sellers are expected to swiftly test the support level at 385.42. Continued bearish control will push the price further downward toward 384.57. Sustained weakness could encourage bears to explore deeper levels at 382.69, potentially reaching today’s bearish target of 381.64.

NVIDIA Corporation (NVDA)

NVIDIA bulls must aim to strongly maintain price action above the crucial pivot at 116.61, quickly advancing toward resistance at 117.86. Firm control above this level could lead to increased bullish momentum toward 119.44, with further buying possibly extending gains toward 120.27. Today’s high bullish ambition for NVIDIA sits at 121.97.

However, if 116.61 proves weak, bears will aim to swiftly take advantage, driving price toward initial support at 115.83. Continued selling momentum could then push the price lower, targeting 115.15 and subsequently testing 114.29. If downside pressure intensifies, NVIDIA’s auction could decline to today’s bearish target of 113.68.

Alphabet Inc Class A (GOOGL)

Alphabet bulls must strongly defend the pivot at 161.79, immediately targeting resistance higher at 163.79. Sustained bullish activity above this point would likely lead Alphabet toward today’s bullish objective at 165.41.

If Alphabet struggles at 161.79, expect sellers to swiftly drive prices down to initial support at 160.36. Bears gaining further momentum could quickly test lower at 158.54, with intensified selling potentially pushing toward today’s bearish target of 157.41.

Meta Platforms Inc (META)

Meta bulls must confidently hold price action above the key pivot at 585.73 and immediately aim for resistance at 591.29. A robust buying effort today may lead the auction upward toward 598.17, with the day’s optimistic bull target sitting clearly at 604.50.

If selling pressure causes Meta to lose 585.73, bears will quickly push toward initial support at 580.17. Further downside pressure could lead to selling intensifying toward 573.25. Loss of this critical level could open the path toward today’s bearish objective at 565.53.

Tesla Inc. (TSLA)

Tesla bulls will seek immediate strength above 233.49 to push price higher toward resistance at 235.74. Sustained bullish interest here would likely open the door to further gains targeting 238.50. In a strong bullish scenario supported by the broader market, Tesla could easily reach 239.92, with today’s high bullish target set ambitiously at 242.49.

If Tesla is unable to maintain support at 233.49, expect bearish momentum targeting initial support at 230.65. Persistent weakness could drive sellers lower toward 228.45, and should this level fail decisively, anticipate accelerated downside momentum toward today’s bearish target at 226.53.

Final Word:

Today’s trading session begins with significant economic data releases, starting at 8:30 AM ET with Initial and Continuing Jobless Claims. Concurrently, traders will digest the U.S. Q4 Current Account Balance alongside March’s Philly Fed Business Outlook data. At 10:00 AM ET, markets receive further insight with February’s Leading Economic Index and Existing Home Sales data, highlighting economic trends impacting investor sentiment. Additionally, at 1:00 PM ET, the Treasury will auction 10-Year TIPS, an event closely watched for inflation expectations and bond market reactions.

Traders will predominantly focus on digesting yesterday’s FOMC aftermath and positioning ahead of tomorrow’s crucial Triple Witching options expiration, which often brings elevated volatility and potential market reversals. It’s prudent today to stay disciplined with risk management strategies, remaining agile in anticipation of possible volatility spikes. Good luck trading, and maintain vigilance throughout the session!

The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.

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For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at https://marketclubhouse.club/7Days/ where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: https://www.youtube.com/@MarketClubhouse.