SunOpta Inc. (STKL): On May 8, the stock surged 28.70% after a stock buyback announcement and after strong earnings results, reflecting investor confidence in its financial health and growth prospects in the plant-based food sector.

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Lyft, Inc. (LYFT): Lyft soared 28.08% on May 9, driven by a stock buyback program of $750 million, signaling robust optimism following its Q1 earnings beat, as previously detailed.

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Fastly, Inc. (FSLY): Gained 26.37% on May 7 after earnings results, boosted by solid growth in its edge computing services amid rising demand for fast, secure digital infrastructure.

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Encore Capital Group, Inc. (ECPG): Rose 23.85% on May 7 post-earnings, due to strong performance in its debt recovery business, appealing to investors in the financial services sector.

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LOBO EV Technologies Ltd. (LOBO): Increased 23.31% on May 6 after earnings, reflecting growth in the electric vehicle tech space, though the small stock price ($0.71) suggests volatility.

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Cricut, Inc. (CRCT): Climbed 20.32% on May 6 following a stock buyback announcement, indicating management’s belief in undervaluation and boosting investor sentiment.

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Uber, Lyft Say They See No Signs of Consumer Distress

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Last week, Uber and Lyft reported their Q1 2025 earnings, offering insights into their financial performance and the state of the rideshare market.

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Uber Earnings Recap: Uber, $UBER delivered a solid beat on earnings per share at $0.51, surpassing Wall Street’s $0.50 estimate, though revenue of $11.5 billion slightly missed the $11.7 billion forecast. Gross bookings hit $42.8 billion, up 14% year-over-year, but marked the first decline since the pandemic, raising some eyebrows. Free cash flow soared 66% to $2.25 billion, and adjusted EBITDA reached a record $1.9 billion, up 35%. Trips grew 18% to 2.8 billion, with monthly active users rising 14% to 170 million. However, the stock dipped post-earnings, likely due to concerns over slowing gross bookings and competitive pressures from Lyft, alongside rising insurance costs and robotaxi uncertainties as Tesla is set to enter the market next month.

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Lyft Earnings Recap: Lyft, $LYFT reported also, beating expectations with an adjusted EPS of $0.01 against an anticipated $0.02 loss. Revenue was $1.45 billion, just shy of the $1.46 billion estimate, but up 14% year-over-year. Gross bookings rose 16% to $4.0 billion, driven by a record 218.4 million rides (up 16%) and 24.2 million active riders (up 11%). Adjusted EBITDA nearly doubled to $106.5 million, and Lyft announced a beefy $750 million share repurchase plan, signaling confidence. Shares popped 20% after the report, reflecting investor enthusiasm for the growth and profitability surprise.

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Consumer Distress Comments: Both companies struck an optimistic tone about the consumer. Uber’s CFO, Prashant Mahendra Raja, noted, “We’re not seeing trade downs in terms of the kinds of restaurants our eaters are eating at,” suggesting no signs of consumer pullback in their delivery business. Lyft echoed this sentiment in its Q1 call, with CEO David Risher stating they’re “not seeing anything in our data” indicating consumer weakening, a point highlighted in posts on X where users noted Lyft’s CEO saying there are “no signs of worry in the consumer.”

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Boeing, Airbus Set to Get Tens of Billions in New Orders from British Airways Parent

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On May 9, 2025, British Airways owner IAG announced a major fleet expansion, ordering 71 long-haul aircraft from Airbus and Boeing, including 32 Boeing 787-10s for British Airways and 21 Airbus A330-900neos, with options for six Airbus A350-900s, six A350-1000s, and six Boeing 777-9s, to be delivered between 2027 and 2033, following a U.S.-UK trade deal that reduced tariffs on aerospace parts. The order, part of a long-term strategy to modernize IAG’s fleet amid strong Q1 profits, aims to replace aging planes and support growth, despite industry challenges like supply chain delays and Boeing’s production struggles after a tough 2024. The Airbus jets will use Rolls-Royce engines, while the Boeing planes will feature General Electric engines.
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Airbus also signed deals to sell airplanes to the Saudis and Helicopters to Brazil and Greece. The company reported a strong Q1 2025 with revenues climbing 6% year-over-year to €13.5 billion and net income surging 33% to €793 million, despite delivering fewer aircraft (136 vs. 142 in Q1 2024) due to supply chain challenges. The company maintained its 2025 guidance, targeting 820 aircraft deliveries and €7 billion in adjusted EBIT, while navigating tariff uncertainties and production ramp-ups for the A320 and A220 lines.

Google's Search Monopoly Is Showing Signs of Cracking

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In testimony this week in an anti-trust case against Google, Apple executive Eddy Cue said Google searches through Apple devices declined for the first time ever in April.
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Cue blamed AI chatbots like Perplexity and ChatGPT for the decline. Google pays Apple $20 billion a year to be the default search provider on Apple devices - a deal that pays off for Google, which captures 50% of its traffic from those devices. Google denies its losing users and traffic to Google.com has actually increased 30% in the past quarter, per data from ahrefs. Most of the new traffic is coming from India and Brazil.

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