To The Moon

Summary of Last Session The Dow Jones Industrial Average enjoyed its best week of the year, signaling optimism among investors despite looming concerns over inflation. The index is on the brink of reaching the 40,000 milestone, fueled by an eight-consecutive session gain. DJIA DJIA: +0.32% to 39,512.84 ; $S&P 500(.SPX)$ : +0.16% to 5,222.68; $NASDAQ(.IXIC)$ : -0.03% to 16,340.87 $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ Key Events of the Week - Consumer sentiment in the US declined to a six-month low, raising concerns over short-term inflation expectations. - Stock indexes rebou

May Rally Persists The stock market's May rally persisted, with the Dow Jones Industrial Average extending its winning streak to seven sessions, gaining 0.9%. The $S&P 500(.SPX)$ edged up 0.5%, while the $NASDAQ(.IXIC)$ rose 0.3%. Despite initial jobless claims coming in higher than expected, optimism about potential rate cuts buoyed market sentiment. Stocks Jobless Claims Surge Initial jobless claims rose to 231,000, exceeding consensus expectations and marking the highest levels since last summer. However, analysts highlighted New York's influence on the numbers, attributing the increase partly to seasonal factors related to school vacations. The data, while concerning, added to hopes for future ra

Steady As She Goes Stocks remained relatively subdued amidst mixed earnings reports and a lack of significant economic news. The Dow Jones Industrial Average eked out a 0.4% gain, while the $S&P 500(.SPX)$ ended the day completely flat. The $NASDAQ(.IXIC)$ slipped 0.2%. Technical factors may be influencing trading this week following last week's rebound, fueled by Apple's earnings and a weaker-than-expected jobs report. SPX Fed's Inflation Dilemma Boston Fed President Susan Collins voiced caution, indicating that it may take longer than anticipated for inflation to retreat to the Fed's 2% target. She suggested that to combat inflation, the U.S. economy may need to experience a slowdown in demand. Whi

Overview This week's market movements underscore the growing significance of artificial intelligence (AI) amid uncertainty surrounding Federal Reserve interest-rate cuts. Key earnings reports from tech titans like Microsoft and Alphabet highlight AI's pivotal role in driving revenue growth and shaping market sentiment. 1. Microsoft and Alphabet Earnings: Tech $Microsoft(MSFT)$ and $Alphabet(GOOG)$ showcased the importance of AI in their earnings reports. Both companies emphasized AI investments as catalysts for future revenue growth. Unlike $Meta Platforms, Inc.(META)$ , which struggled to convince investors of AI's potential, Microsoft and Alphabet demonstrat

Yesterday's Recap Stocks showed a mixed performance as investors awaited Big Tech earnings and awaited the release of first-quarter GDP growth data. The $NASDAQ(.IXIC)$ closed slightly higher, the $S&P 500(.SPX)$ remained flat, and the Dow Jones Industrial Average closed slightly lower. Key Events Today 1. GDP Data Release: Investors are eagerly anticipating the release of first-quarter gross domestic product (GDP) growth data, expected to show robust economic expansion. 2. Big Tech Earnings: $Alphabet(GOOG)$ and $Microsoft(MSFT)$ are set to report quarterly results, with market sentiment influenced by

Economic Optimism The big three U.S. indexes rallied for the second consecutive day, buoyed by retreating bond yields. The Dow Jones Industrial Average surged 0.7%, with only seven of its components ending in the red. The $S&P 500(.SPX)$ climbed 1.2%, propelled by gains in all sectors except materials. Meanwhile, the $NASDAQ(.IXIC)$ led the pack with a 1.6% gain, continuing its trend of volatility. $SPX Earnings Ups and Downs This morning brought a mixed bag of earnings reports, with Spotify Technologies, GE Aerospace, General Motors, United Parcel Service, and Danaher all delivering positive results. Conversely, JetBlue Airways, PepsiCo, Xerox, and Cleveland-Cliffs faced share declines post-earni

Yesterday's Recap Stocks ended a six-day losing streak, but concerns over long-term trajectory persist. Rising bond yields, reflecting expectations of higher Fed rates, contributed to recent market volatility. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ Key Events Today $TSLA $Tesla Motors(TSLA)$ Tesla Earnings: Tesla's quarterly results will be closely watched amid speculation about strategic shifts and waning EV demand. Tesla will report quarterly results after the bell, and while it may not be a harbinger of broader market conditions. Elon Musk faces tough investor questions over share drops, price cuts and job cuts at Tesla.The company is potentially in the midst

Tarnished No More Stocks reclaimed lost ground, staging a robust rally after recent declines. With over 400 S&P 500 constituents closing in positive territory, all 11 sectors in the index witnessed gains. The $S&P 500(.SPX)$ snapped a six-day losing streak, finishing up 0.9%, while the Dow Jones Industrial Average and the $NASDAQ(.IXIC)$ rose 0.7% and 1.1% respectively. Last week's 3% drop and a subsequent 4.6% decline since its March high marked a rocky period for the index, reminiscent of early 2023's regional banking upheaval. Earnings Excitement and Tesla's Trials This week promises a flurry of corporate earnings reports, including heavy hitters like $Te

Summary of Last Session Stocks, particularly AI-focused tech shares like $NVIDIA Corp(NVDA)$ and $SUPER MICRO COMPUTER INC(SMCI)$ , faced significant declines, with Nvidia dropping 10% and Super Micro plummeting 23%. $NVDA The tech-heavy $NASDAQ(.IXIC)$ fell 2%, marking its worst week since November 2022. Key Events of the Week - Bond yields rose, contributing to a risk-averse environment and prompting profit-taking in high-flying tech stocks. Rates - European electric-vehicle sales decline, highlighting market dependency on government support. - Rising tension in the Middle East drives oil prices higher, while gold remains near all-time highs amid macroeconom

Yesterday's Recap The market witnessed a five-day losing streak, led by disappointing tech earnings from $Netflix(NFLX)$ , $Taiwan Semiconductor Manufacturing(TSM)$ and $ASML Holding NV(ASML)$ . TSMC's reduced growth forecast for the semiconductor industry added pressure. $TSM Concerns over Middle East tensions also weighed on investor sentiment. Key Events Today Market Reaction to Middle East Tensions: Investors await developments following Israel's strike on Iran, which heightened geopolitical tensions. Oil prices surged initially, with Brent crude hitting $90 a barrel, while gold prices remained steady. Oil Tech Sector Earnings: Eyes are on tech giants