Hi! I am an ex-prop shop equity trader. This is a daily watchlist for short-term trading: I might trade all/none of the stocks listed, and even stocks not listed! I am targeting potentially good candidates for short-term trading; I have no opinion on them as investments. The potential of the stock moving today is what makes it interesting, everything else is secondary.
Bad news economic data today, things are going to get wild.
News: [Us Economy Contracts For First Time Since 2022 On Imports Surge](https://www.bloomberg.com/news/articles/2025-04-30/us-economy-contracts-for-first-time-since-2022-on-imports-surge)
[**SMCI (Super Micro Computer)**](https://finviz.com/quote.ashx?t=SMCI&p=d)\- SMCI preannounced disappointing Q3 FY2025 results, with revenue expected between $4.5B–$4.6B vs. $5.5B expected, and non-GAAP EPS of $0.29–$0.31 vs. $0.54 expected. SMCI attributed the shortfall to delayed customer platform decisions and higher inventory reserves from older generation products. We're close to 20% down and with all the negative news on semi competition from China and server costs, I'm looking to play a bounce in this if the selloff gets worse. No real level I'm watching, likely will move with the market today. SMCI cited that inventory is increasing and as a result affected NVDA/DELL afterhours as well. DELL is down 6%! Potential supply chain disruptions like tariffs continue to be the biggest risk.
[**SPY (S&P 500 ETF)**](https://finviz.com/quote.ashx?t=SPY&p=d) / [**QQQ (NASDAQ-100 ETF)**](https://finviz.com/quote.ashx?t=QQQ&p=d)\- The U.S. economy contracted by 0.3% in Q1 2025, marking the first decline since 2022, driven by a surge in imports and decreased government spending. Jamie Dimon said that a recession is a "best case scenario", ultimately looking at how bad the selloff will be today. The broader market is grappling with uncertainties stemming from trade tensions and tariff implementations, and the contraction news. Might take a minor VXX long as well
[**NVDA (NVIDIA)**](https://finviz.com/quote.ashx?t=NVDA&p=d)\- DeepSeek released its Prover-V2-671B model on Hugging Face, a 671B parameter AI model trained on Huawei’s Ascend 910B chips. Obviously bad if Deepseek can release a competitive model that wasn't built on NVDA's chips like last time. This was also affected by SMCI news, so I'm interested in this today if we near $100 near the open.
[**SNAP (Snap Inc.)**](https://finviz.com/quote.ashx?t=SNAP&p=d)\- Snap reported Q1 2025 revenue of $1.36B vs. $1.35B expected, with a net loss of $140M, narrowing from the previous year. Daily active users reached 460 million, slightly above expectations. However, the company declined to provide Q2 guidance, citing macroeconomic uncertainties. Interested in this below $7, otherwise not interested mainly due to all the other things going on today. The digital advertising sector faces challenges due to changing trade policies and economic uncertainties, impacting revenue streams for advertising. Ultimately can be a huge loser if tariffs/recession goes through.
**Earnings today:** MSFT, META, HOOD, QCOM
