May 8, 2025
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a rundown of today’s trade news in addition to the technical setups of a few pertinent aerospace stocks (page 1). We then review the latest earnings reports and Bitcoin’s break back above $100K (page 2). Next, we recap the latest productivity figures and housing affordability numbers (page 3) before closing with a dive into the New York Fed’s Survey of Consumer Expectations (pages 4 and 5).
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May 8, 2025
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Axon’s (AXON) Q1 2025 earnings call.
Axon (AXON) is a public safety technology company best known for its TASER devices and body-worn cameras, but its reach has expanded far beyond hardware. The company serves law enforcement agencies, federal clients, correctional institutions, and enterprise customers across the US and internationally. Its ecosystem includes digital evidence management tools, real-time video systems, AI transcription and assistance tools (like Draft One to write reports based on body cam footage and Axon Assistant), and rapidly growing capabilities in automatic license plate recognition (ALPR), drone defense, and fixed camera infrastructure. AXON delivered 31% YoY revenue growth to $604M, driven by strength in both software (+39%) and connected devices (+26%). Draft One and the AI Era Plan are gaining traction, with 30,000 active users and growing momentum expected into Q3/Q4. International bookings hit a record, and federal demand remains strong, especially around drones, border surveillance, and real-time video. Management highlighted fast adoption of TASER 10 (2x faster than TASER 7) and teased the upcoming Apollo cartridge as a game-changer. AXON also launched fixed ALPR products and integrations with Ring and Citizen. On better-than-expected results, AXON shares rose close to 13% on 5/8…
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May 8, 2025
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers DoorDash’s (DASH) Q1 2025 earnings call.
DoorDash (DASH) is a logistics and technology company best known for its food delivery platform, which connects consumers with restaurants, grocery stores, and other local businesses. Beyond food delivery, DASH has expanded into grocery, retail, and convenience, building a broader “local commerce” ecosystem. It serves tens of millions of consumers and hundreds of thousands of merchants across the US and internationally, including through its Wolt subsidiary in Europe. The company has also developed a growing suite of B2B offerings under the DoorDash Commerce Platform, such as Drive, Storefront, and its recent acquisition SevenRooms, which adds marketing and guest management tools for merchants. DASH reported record financial results with revenue increasing 21% YoY to $3.03 billion and Marketplace Gross Order Value (GOV) rising 20% to $23.1 billion. Total orders grew 18% to 732 million. The company achieved GAAP net income of $193 million, a significant turnaround from a $23 million loss in the same quarter last year. Growth was supported by resilient consumer demand and expanding verticals. Grocery showed notable momentum, with growing baskets and increased MAU overlap with restaurant users. Management emphasized disciplined M&A, citing strategic rationale behind the Deliveroo and SevenRooms deals, which expand their European footprint and deepen their B2B platform. Affordability remained a key focus, DashPass hit an all-time high in subscribers, and promotional investments weighed modestly on take rate in Q1 but are expected to rebound. The company also highlighted progress in autonomy, including delivery robotics and drone testing, with rising capex tied to merchant tablet refreshes and long-term infrastructure bets. Shares fell 7.4% on 5/6 on mixed results…
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May 8, 2025
The “Bespoke 50” is a basket of noteworthy growth stocks in the Russell 3,000. To make the list, a stock must have strong earnings growth prospects along with an attractive price chart based on Bespoke’s analysis. There were 20 changes to the list this week.
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May 8, 2025
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Shopify’s (SHOP) Q1 2025 earnings call.
Shopify (SHOP) is a leading global commerce platform that allows businesses of all sizes to build, manage, and scale online and offline retail operations. Its ecosystem spans storefronts, payments, fulfillment, cross-border tools, and AI-powered automation. SHOP reported 27% revenue growth and 23% GMV growth in Q1, driven by strong demand across merchant sizes, categories, and regions. The company expanded Shopify Payments to 39 countries and launched cross-border compliance tools like TariffGuide.ai amid tariff uncertainty. AI is becoming foundational to SHOP’s operations, with usage embedded in both internal workflows and merchant tools like Sidekick. Enterprise adoption accelerated, with VF Corp, Kering Beaute, and Follett joining the platform, as legacy systems fail to meet the demand for speed, flexibility, and unified commerce. On mixed results, SHOP shares fell close to 10% in the pre-market on 5/8 but erased nearly all of those losses during the regular session…
Continue reading our Conference Call Recap for SHOP by becoming a Bespoke Institutional subscriber. You can sign up for Bespoke Institutional now and receive a 14-day trial to read our newest Conference Call Recap. To sign up, choose either the monthly or annual checkout link below:
Bespoke Institutional – Monthly Payment Plan
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May 8, 2025
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“Wise and humane management of the patient is the best safeguard against infection.” – Florence Nightingale
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
US equity futures are up roughly 1% ahead of today’s open after President Trump announced that a trade deal between the US and UK would be announced shortly. Along with the tariff news, yesterday the market managed to not trade lower after Fed Chair Powell’s press conference as it normally does.
We’ve gotten a huge number of earnings reports this week as well, and the results have been largely positive. So far in May, we’ve seen a positive reversal in guidance trends. In April, we were seeing many more companies lowering guidance than raising guidance, but that has flipped this month. Of the nearly 800 companies that have reported month-to-date, 69 have raised guidance compared to just 45 that have lowered guidance. You don’t expect to see such positivity when there’s such an “extremely elevated level of uncertainty” as Fed Chair Powell described in his FOMC comments yesterday.
Based on where it’s trading in the pre-market, the S&P 500 ETF (SPY) is set to test last week’s highs when it opens this morning.
