To The Moon

*Global markets higher as investors bet on quarterly results for mega-cap growth stocks

🇺🇸 S&P 500: 1.20% 📈

🇺🇸 Nasdaq: 1.59% 📈

🇪🇺 Stoxx 600: 1.14% 📈

🇯🇵 Nikkei 225 Index: 0.30% 📈

🇭🇰 Hang Seng Index: 1.92% 📈

🇨🇳 CSI 300 Index: -0.69% 📉

* U.S. markets were broadly higher on Tuesday, with the S&P 500 and Nasdaq Composite rising 1.2% and 1.6%, respectively, after top companies reported good earnings and investors focused on quarterly results from Magnificent Seven and other large-cap growth stocks.

* U.S. business activity cooled to a four-month low in April as demand weakened, with the S&P services PMI falling to 50.9 for the month, below expectations of 52, while the manufacturing PMI fell into contraction territory 49.9, below expectations of 52.

* Asia-Pacific stock markets closed mixed, with the CSI 300 Index falling -0.7% and the Hang Seng Composite Index rising 1.9%. Investors stepped up their buying efforts and it is expected that Chinese securities regulators will launch a series of support measures to boost the Hong Kong market and market Popularity.

* Japan's manufacturing activity nearly returned to expansion territory in April, hitting 49.9, above expectations of 48, while services growth rose to 54.6 from 54.1 in March.

💡 Future events: 💡

* On Thursday we will release US unemployment claims, merchandise trade balance

* At the end of the week, Japan's Tokyo core consumer price index annual rate, the Bank of Japan's policy rate and the U.S. core personal consumption expenditures price index monthly rate, as well as a revised version of the University of Michigan's consumer confidence index, will be released.

💡 Things you need to know today: 💡

1. Tesla's $Tesla Motors(TSLA)$   first-quarter revenue and adjusted earnings fell -9% and -48%, respectively, below Wall Street expectations, but the company assured investors that it remains committed to launching more affordable products next year car model.

Tesla Earnings Summary

2. PepsiCo (PepsiCo) beat Wall Street expectations for first-quarter revenue and profit on Tuesday, helped by steady international demand for its Tropicana juices and Cheetos. $Pepsi(PEP)$  

Pepsico

3. General Motors $General Motors(GM)$  reported quarterly results that beat Wall Street expectations and raised its annual forecast, attributing the performance to solid pricing and demand for its gasoline-engine vehicles.

General Motors

4. Alphabet's Google announced that it will invest $640.62 million to build a new data center in Groningen, the Netherlands, which is expected to create 125 new jobs. $Alphabet(GOOGL)$  

 5. Visa $Visa(V)$  reported second-quarter results on Tuesday that beat Wall Street expectations, with consumer spending remaining strong despite concerns about an economic slowdown.

✅ KEY TAKEAWAYS:

We continue to experience the oversold equilibrium that started yesterday, and the catalyst today is that the market is now refocused on earnings reports from various strong performing sectors. Microsoft, Alphabet and Meta Platforms expected to report earnings later this week.

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