📈 Dollar General's Record Quarter

Good morning.

⚡ The Fast Five → SpaceX Eyes $15.5B Revenue Target, Wells Fargo Escapes Fed Penalty, Nvidia Reclaims Valuation Crown Again, Alaska LNG Draws $115B Interest, CrowdStrike Guidance Disappoints Street

🔎 Market Trends → Wall Street stocks end higher on Nvidia, trade talks hopes; US Futures Steady Following Strong Start to the Month

🚨 Start Your Day with Market Movers: Opening Bell LIVE on FinTech.tv from 9-10AM EST

And now…

⏱️ Your 5-minute briefing for Wednesday, June 4, 2025:

MARKET BRIEF
Before the Open

Pre-Market

Fear & Greed

Markets in Review

Nvidia Crowned King as Tech Powers Wall Street Climb

U.S. stocks extended their rally Tuesday, driven by tech momentum and consumer resilience. The Nasdaq rose 0.8%, the S&P 500 gained 0.6%, and the Dow ticked up 0.5% for its fourth straight win.

The Big Picture:

Nvidia (NVDA) is now the most valuable U.S. company, overtaking Microsoft (MSFT) after climbing +2.8%. Its AI-fueled rise continues to lead a broader tech resurgence, reminding investors that innovation can still trump geopolitics.

While trade policy tensions persist—both the U.S. and China accuse each other of violating last month’s deal—markets are betting that corporate earnings and innovation will keep driving upside.

Retail also surprised to the upside, with Dollar General (DG) and Dollar Tree (DLTR) riding strong earnings and outlooks, signaling consumer demand is holding up in the face of inflation and tariffs.

Market Movers:

• Dollar General (DG) surged +15.9% after crushing Q1 estimates and raising its full-year outlook—a bullish nod to middle-income consumer strength.

• Dollar Tree (DLTR) jumped +6.0%, echoing confidence in discount retail during economic uncertainty.

• Meta (META) dipped −0.6% after striking a deal to buy long-term nuclear power from Constellation Energy (CEG) to fuel its data centers; CEG was flat.

What They’re Saying:

“The U.S. economy is still on a firm footing, but uncertainty has notably increased… trade policy is starting to affect the economy.”— Fed Governor Lisa Cook

WHAT WE’RE WATCHING
Events

• Today: Automatic Data Processing, Inc. - Non-Farm Employment Change - 8:15am

  Why You Should Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity

• Today: Institute for Supply Management - Services Purchasing Managers' Index (PMI) - 10:00am

  Why You Should Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy

Earnings Reports

• Today: Dollar Tree, Five Below, MongoDB, ChargePoint Holdings, Genesco

• Tomorrow: Lululemon Athletica, DocuSign, Victoria’s Secret, Cracker Barrel, Petco, Broadcom

MARKET BRIEF
Leading News

Dollar General's Record Quarter Reveals the Consumer's Split Personality

Why it matters:

When penny-pinching becomes profitable, smart money follows the breadcrumbs to recession-resistant retail plays.

Zoom Out:

Dollar General's (DG) $10.44 billion quarterly record isn't just impressive math—it's a behavioral finance case study in action. While the broader economy contracted 0.2% in Q1, Americans demonstrated that classic recession reflex: trading down without trading out.

The company's $1.78 per share earnings crushed Wall Street's $1.47 estimate, proving that when consumers feel squeezed, they don't stop spending—they just get craftier about it. Same-store sales up 2.4% with transaction values rising 2.7% suggests customers are loading up strategically, not desperately.

Key Insights:

• The tariff factor: Customers are pre-buying essentials ahead of potential price hikes—a rational response that temporarily inflates current quarters while potentially deflating future ones

• Traffic paradox: Fewer customers (-0.3%) spending more per visit signals deliberate shopping behavior, not panic buying—a healthier dynamic for sustained performance

• Guidance boost: Management raised 2025 earnings outlook to $5.20-$5.80 per share and sales growth projections to 3.7%-4.7%

Market Pulse:

"Core lower income consumers still face considerable pressure, but this was mitigated by consumers gently stocking up in anticipation of tariffs," notes GlobalData's Neil Saunders.

Bull’s Take:

When economic anxiety drives consumers toward value retailers, the smart play isn't fighting human nature—it's investing alongside it. DG shares jumped 10% for good reason: recession-resistant revenue streams never go out of style.

Headlines

• Meta signs 20-year deal with nuclear plant to meet energy demands for AI (link)

• Elon Musk projects SpaceX revenue of about $15.5 billion in 2025 (link)

• Wells Fargo let out of the doghouse as Fed lifts restrictions (link)

• Nvidia tops Microsoft, regains most valuable company title (link)

• Glenfarne's Alaska LNG project sees $115 billion interest from over 50 firms (link)

• CrowdStrike shares drop on weak revenue guidance (link)

CRYPTO
Fear & Greed

Headlines

• Bitcoin Holds Above $105 Amid Market Consolidation, Eyes on ETF Moves and Institutional Buying (link)

• Robinhood completes $200 million acquisition of crypto exchange Bitstamp (link)

• Bitcoin Miner Riot Sees 139% Yearly Increase in Daily BTC Production (link)

DAILY SHARE
On the Socials