Daily Brief United States: Etoro Group, Gold, Silver, Crude Oil, Natural Gas, Green Dot Corp Class A, USD, Apple , Interactive Brokers Group, Inc, Meta and more

• An early channel check of this deal revealed that the offering is multiple-times oversubscribed with continued 1-on-1 conversions. The books close Monday at 4pm.
• The company is targeting the “next generation” of investor with encouraging growth and has the metrics to show they are meaningfully headed in the right direction. 
• Our sources state that want to be involved with the name and we believe an explosive debut could be on tap for this IPO. 

• Concerns raised in D.C. about potential restrictions on expatriating funds, taxes, and foreign ownership of treasuries
• International investors expressing preference for investing in private assets over U.S. Treasuries
• Potential increase in gold prices due to redirection of foreign assets into gold, with estimates suggesting a 33% boost in quarterly gold demand and historical relationship between demand and prices.

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• Smarter Markets podcast discusses outlook for silver in energy transition and investor portfolios with Michael Duranzo, President and CEO at the Silver Institute
• Recent conversation at India Silver Conference focused on silver’s underperformance compared to gold, supply deficit, and opportunities for investment in silver market

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• WTI futures rose 4.7% for the week ending 09/May, aided by easing U.S.-China trade tensions, lower U.S. output, and falling crude inventories.
• The U.S. rig count fell by six to 578. The oil rig count fell by five to 474, while gas rigs remained flat at 101.
• WTI OI PCR fell to 0.81 on 09/May from 0.84 on 02/May. Call OI rose by 4% WoW, while put OI inched up 1.2%.

• For the week ending 09/May, U.S. natural gas prices rose by 4.6% on the back of lower output, higher LNG exports, and improved demand outlook.
• For the week ending 02/May, the EIA reported that U.S. natural gas inventories rose by 104 Bcf, moderately higher than analyst expectations of a 103 Bcf build.
• Henry Hub OI PCR fell to 0.92 on 09/May compared to 0.94 on 02/May. Call OI increased by 4% WoW, while put OI grew by 2%.

• Green Dot Corporation’s latest financial results for the first quarter of 2025 illustrate both positive momentum and areas requiring focus.
• The company reported an impressive 24% increase in adjusted revenue and a 53% rise in adjusted EBITDA, outperforming internal expectations.
• Growth was observed across all three operating segments, indicating a cohesive and forward-moving strategy.

• Fed’s focus on keeping inflation expectations well anchored, stable rates markets after meeting
• Market optimism over potential trade deals with UK and China, potential tariff rate reduction
• Forecast for US Rates largely unchanged, expect labor market weakness prompt Fed response, adjusted yield forecasts reflecting later start to easing and elevated uncertainty

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• Apple reported strong financial results for Q2 of the fiscal year 2025, achieving revenue of $95.4 billion, which represents a 5% increase compared to the previous year.
• This growth was at the high end of the company’s guidance range, and the diluted earnings per share stood at $1.65, marking an 8% year-over-year increase and setting a record for the March quarter.
• The company’s Services segment achieved an all-time revenue high, with a 12% growth year-on-year, indicating robust performance across Apple’s diverse service offerings.

• Business Breakdowns is a podcast series that explores deep conversations with investors and operators about a single business, such as Interactive Brokers (IBKR)
• Interactive Brokers was founded in 1978 by Thomas Peterffy, an immigrant from Hungary who revolutionized the digitization of financial markets through automated trading
• IBKR’s business model includes revenue streams from trading commissions and net interest margin, offering low-cost access to global markets and sophisticated trading tools for traders and institutional investors

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Our estimations for FY 2025 annual revenue range at around $205,590 million and for 2026 at around $258,431 million.
• The company’s annual revenue reached $164,501 million in 2024 compared to $134,902 million in 2023, posting an increase by 21.94%.
• META’s gross profit for FY 2024 was $134,340 million, increased by 23.31% compared to $108,943 million for the corresponding period of 2023.