🐂 Riding the Wave: China's Stocks Surge with Government Backing 📈

Happy Friday, Bullseye Traders! 

After a three-year siesta, the Chinese stock market is finally waking up and smelling the bull 🐂. In April, while the S&P 500 was taking an unexpected dip 😱, the MSCI China index was on a rocket ride 🚀, soaring by a cool 10%. That's like the stock market equivalent of a mic drop 🎤.

Credit where it's due, China's government stimulus is the MVP here, flexing its muscles 💪. And let's not forget about the restrictions on short-selling by hedge funds. They're probably feeling a bit like they've been put in time-out 🕒.

The big banks are giving China a standing ovation 👏, with UBS singing its praises and Goldman Sachs turning into China's biggest cheerleader 📣.

But hey, it's not all sunshine and rainbows 🌈. China's got to keep its eye on the unemployment ball 🎾. If that stays high, it could rain on this parade 🌧️. But fear not, Xi Jinping's crew seems to be pulling out all the stops, revving up factory activity and boosting exports 📦. And if things get really dicey, China might whip out the big guns 🔫: quantitative easing, a move as rare in China as finding a unicorn 🦄 in the Forbidden City.

SHAKERS AND MOVERS

Equinix, Warby Parker, & Airbnb

EQIX (+12%): Equinix rides the AI wave to its biggest surge since '08, proving that in the data center game, evolution is the name of the game. (Barron’s)

CAKE (+6%): Cheesecake Factory slices through expectations with earnings so sweet, even Wall Street's got a sugar rush. (BI)

FWRD (-22%): Forward Air hits a detour with a loss that's larger than a cargo plane, leaving analysts scratching their heads and investors checking their GPS. (SA)

WRBY (+18%): Warby Parker's vision for success comes into focus as it dazzles investors with a spectacle of revenue growth, leaving competitors seeing stars. (MW)

ABNB (-7%): Airbnb's earnings dance around the room, impressing onlookers at first, but leaving them wondering if the music might stop sooner than expected. (CNBC)

STREET SCOOPS: The Buzz Around Town

CNBC: Activist Ancora scoops up board seats at Norfolk Southern like they're trading cards, but Alan Shaw is still CEO—looks like he's not punching out just yet.

YF: Dine Brands, home to Applebee’s and IHOP, is finding its wallet a bit lighter as inflation serves up a pricey menu. Looks like even the pancakes can't flip their earnings.

NYT: AstraZeneca's Covid vaccine exit is like leaving a party no one attended—low demand pushed them to ghost worldwide. The shot's popularity plummeted faster than a deflating balloon.

Reuters: The Bank of England is tiptoeing towards interest rate limbo—a second official dips their toe into the "cut" pool. Looks like they're trying to turn down the economic thermostat.

CNBC: Weekly jobless claims hit the skies like a rocket, soaring to 231,000. It's a high-flying number reminiscent of late August 2023—looks like job security's taking a nosedive.

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