US MARKET RECAPLast week, all the major index close in green with a deep V-shaped pattern. The blue-chip index, Dow added 0.86%, while the S&P 500 rose 0.87%. The Nasdaq advanced 1.28% as Big Tech earnings took center stage.For April, the Dow gained 2.48% to notch its best monthly stretch since January, while the benchmark index gained 1.46%. The tech-heavy index posted marginal gains.Earnings reports from major tech companies dominated much of last week’s market debate, fueling the narrative that earnings are faring better-than-feared, despite many widespread macroeconomic concerns.So far, a little over half of S&P 500 companies have reported earnings, with more than 79% and about 72% surpassing earnings and sales expectations, respectively. First-quarter earnings are currently on
Google parent Alphabet reported revenue and earnings for the first quarter that topped estimates. The stock jumped over 4% in extended trading before paring its gains. Let's see what happened.Let's look at Google's earnings reportThe company's revenue for the period reached $69.787 billion, an increase of 2.61% year-over-year, beating analysts' expectations of $68.9 billion; earnings per share reached $1.17, exceeding analysts' expectations of $1.07.Google reported core advertising revenue of $54.548 billion, down 0.2% year-over-year, in the third quarter since the company went public;Revenue from YouTube ads: $6.69 billion, exceeding analyst estimates of $6.6 billion;Revenue from Google Cloud: $7.45 billion, beating analyst estimates of $7.49 billion;The Traffic Acquisition Costs (TAC) we
$First Republic Bank(FRC)$ plummeted to an all-time low in Tuesday’s trading session. The price per share hit an all-time low of $8.10 as the markets closed.It was driven by the latest earnings. Although the bank’s EPS in the first quarter topped analysts’ estimates, its deposit flight was worse than what analysts had estimated, plunging 41% to $104.5 billion, missing the estimates of $145 billion.Everyone is preparing for an imminent bankruptcy?The White House is expressing concerns about whether it has the capacity to find a solution for First Republic Bank's insolvency.The rescue plan for First Republic Bank did not succeed. The bank suspended its dividend and its shares continued to slump, raising speculation about the bank's future as a s
I have bad news and good news about the recent pullback in the market.The bad news is that big orders have been put in and institutions have really started shorting.The good news is to put the spread bearish, but the downside is limited.Institutional short strategies have generally been less aggressive this year than last, with the exception of banks. In the strategy design belongs to the relaxed state, the price drop is the best, if the price does not fall, there is no loss. So while there's very little upside right now, there's not a lot of downside, especially in the heavily weighted tech stocks.Personally, I think we can give up small-cap stocks to some extent this year. Comparing $C3.ai, Inc.(AI)$ to $Micr
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