Hedge funds last week rushed into global industrial stocks and dumped U.S. equities, which on Friday suffered their worst one-day sell-off since April as tariff woes resurfaced, Goldman Sachs said in two notes. ...

Core Insights - Ford Motor Company reported first-quarter 2025 adjusted earnings per share of 14 cents, surpassing the Zacks Consensus Estimate of breakeven earnings but declining from 49 cents in the same quarter last year [1] - The company's consolidated first-quarter revenues were $40.66 billion, down 5% year over year, while total automotive revenues were $37.42 billion, exceeding the Zacks Consensus Estimate of $35.48 billion but decreasing from $39.89 billion a year ago [1] Financial Performance - Ford suspended its guidance for 2025, anticipating an adverse adjusted EBIT impact of approximately $1.5 billion due to tariff issues [2] - In the Ford Blue segment, total wholesale volume decreased 6% year over year to 588,000 units, with revenues of $21 billion, down 3% year over year but exceeding estimates [3] - The Ford Model e segment saw total wholesale volume rise 213% year over year to 31,000 units, with revenues jumping 967% to $1.2 billion, although it fell short of estimates [4] - The Ford Pro segment experienced a 14% year-over-year decrease in total wholesale volume to 352,000 units, with revenues slumping 16% to $15.2 billion, missing expectations [5] - Revenues from the Ford Credit unit increased 12% year over year to $3.24 billion, with pretax earnings rising 78% to approximately $580 million [6] Financial Position - Ford reported negative adjusted free cash flow of $1.5 billion for the quarter, with cash and cash equivalents totaling $20.9 billion as of March 31, 2025, and long-term debt (excluding Ford Credit) at $16.64 billion [6]

Core Viewpoint - Goldman Sachs Group Inc reported better-than-expected first-quarter results, with earnings of $14.12 per share and revenue of $15.06 billion, surpassing estimates of $12.35 per share and $14.81 billion in revenue [1] Group 1: Financial Performance - The company's record equities-trading revenue significantly contributed to the positive results, with CEO David Solomon expressing confidence in future performance [1] - Year-to-date, Goldman Sachs' stock is down 11.5% from its February 18 record high of $672.19, but it still maintains a year-over-year gain of 30.2% [2] Group 2: Market Activity - The stock's recent performance has led it to break above the 320-day moving average [2] - In options trading, call options are being picked up at double the average intraday rate, with 18,000 calls exchanged compared to 8,615 puts, indicating strong market interest [2] Group 3: Analyst Sentiment - Among the 23 brokerages covering Goldman Sachs, 13 have a "hold" rating, suggesting a cautious but optimistic outlook [3]