U.S. Stock Market Review for April 21

V-shaped Reversal in Today's Market!

📉 During the session, Iran refused to attend Wednesday's talks, Vance postponed his trip to the meeting, and Donald Trump again expressed no desire to extend the ceasefire agreement, causing the S&P and Nasdaq to both retreat by 0.6%.
📈 After the close, as expected, Donald Trump TACO'ed again, announcing an indefinite extension of the ceasefire agreement. S&P and Nasdaq futures staged a V-shaped reversal, recovering all intraday losses.

Looking at it now, the US completely doesn't want to fight anymore. The probability of renewed hostilities has significantly decreased. It's hard to see the S&P pulling back to 6300.👀

UNH$Unitedhealth(UNH.US) 
Q1 revenue and EPS exceeded expectations; full-year guidance raised. 👍
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Earnings were good. It's currently in a recovery phase, facing significant overhead resistance. Several more good earnings reports are needed to regain investor confidence. Significant stock price upside driven by performance improvement likely only by 2027. Hold patiently.

ISRG$Intuitive Surgical(ISRG.US) 
Q1 revenue, profit, and EPS all exceeded expectations.
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Earnings were normal. It's a stock in my portfolio. The current market price is slightly on the expensive side. Interested friends can start a left-side long-term allocation as a defensive stock.

Aviation & Defense

UAL$United Airlines(UAL.US) 
Q1 revenue and EPS exceeded expectations.
Due to the significant rise in oil prices, Q2 guidance fell short of expectations; full-year guidance lowered.
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Previously shared that cruise lines and airlines are the industries most directly impacted by oil price shocks. Now that oil prices have retreated, the difficult period is over. Performance will continue to improve going forward.

RTX$RTX(RTX.US) 
Earnings were very good, but the gains were already made during the US-Iran conflict. It will appropriately pull back when the war ends. The earnings report itself isn't important.