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š„ Welcome to Street Tweets
A new way to wake up to the weekend....
Happy Saturday to everyone on The Street. And welcome to the first edition of our super skimmable āStreet Tweetsā newsletter. This will be sent every Saturday for the time being as a way to welcome you into the weekend and get you caught up on what happened last week.
Weāre moving our market review + preview sections from our Sunday newsletter to Saturday because our Sunday newsletter was getting really long. In addition, weāre going to mix in top tweets from The Street that you may have missed last week. Weāll end it with some trivia, so scroll to the bottom and take a guess.
With that said, letās dive into this weekās Street Tweets edition, brought to you by Investors Place and āAmericaās #1 Traderā who picked 41 stocks that jumped 1,000%+ and who is now revealing his next big opportunityā¦
MARKET REVIEW
TL;DR: This week all three major indexes notched fresh record highs. The Dow and the S&P 500 retreated lower to close out the week, but the Nasdaq Composite maintained its record high off the back of NVIDIA gains.
There were mixed signals on the rate cut front from Federal Reserve members.
Economic data showed strong PMI numbers and unexpected rises in durable goods orders, while housing saw declines in sales and permits.
NVIDIA and Eli Lilly stocks surged on strong earnings and investments.
BuzzFeed soared after a major stake purchase.
Target, Boeing, and Live Nation faced challenges, impacting their stocks.
MARKET PREVIEW
Economic Data
Monday: Memorial Day Holiday
Tuesday: S&P Case-Shiller home price index, Minneapolis Fed President Neel Kashkari speaks, Consumer confidence
Wednesday: New York Fed President John Williams speaks, Fed Beige Book
Thursday: Advanced U.S. trade balance in goods, Advanced retail inventories, Pending home sales
Friday: Personal income, Personal spending, PCE index, Core PCE index, Chicago Business Barometer (PMI)
Earnings
Monday: ASML, UBS Group, Advent Technologies, San-A Co
Tuesday: Yara International, Sonova Holdings, Vestas Wind Systems
Wednesday: Volkswagen, Bank of America, Roche Holding, Henkel AG & Co
Thursday: Auto Trader, Arcadis NV, Apollo Global Management
Friday: AstraZeneca, Roche Holding, Amgen, Barclays PLC
In 2000, Palm was worth more than Apple, Nvidia & Amazon combined.
ā Jon Erlichman (@JonErlichman)
1:45 AM ā¢ May 24, 2024
This is wild. But hereās the question we have for you:
In 2048 which company will have the highest market cap? |
Remember Hurricane Katrina?š
That was 2005.
2024 will be a year to remember!
ā Leon Simons (@LeonSimons8)
4:33 PM ā¢ May 22, 2024
Yikes. Donāt love the look of this, but Iāve also seen āhorrificā hurricane forecasts not come true. Investopedia had an interesting article titled, ā8 Stocks that Benefit from Severe Weather Events.ā Hereās a few on their list:
Generac Holdings (GNRC)
AECOM (ACM)
Fluor (FLR)
Duracell from Proctor & Gamble (PG)
Xylem (XYL)
PARTNER CONTENT
see the picture above? Thatās Elon Muskās new AI deviceā¦
And according to 30-year Silicon Valley and Wall Street veteran Eric Fry ā A man who picked 41 plays that jumped 1,000%+ ā It could be bigger than the iPhone.
In fact, soon you could be wearing a device like this...
Click here to see the details because Eric believes a lot of people will get wealthy from this new invention.
In 2013, 56% of US adults said they got enough sleep. Today, that share has fallen -14 percentage points to 42%.
Check out my latest post on US sleep deprivation. And make sure to subscribe to my newsletter.
ā Neil Howe (@HoweGeneration)
3:58 PM ā¢ May 21, 2024
Why do you think that is? Increased social media use mixed with stress related to the rising cost of everything? Which stocks could benefit from this trend? Maybe Starbucks (SBUX) if people need that regular shot of caffeine?
Iām not totally convinced because the Wall Street Journal also had a super interesting article out the other day titled, āSkipping Coffee Is the Latest Humblebragā
Snippet: āThe new power move for A-listers and executives is getting through the day without caffeine. Some say theyāre more productive.ā
Click here to read the full article (a subscription is needed)
A map of sitcoms in NYC
ā Massimo (@Rainmaker1973)
12:11 PM ā¢ May 23, 2024
Remember: Netflix reportedly paid over $500 million for the global streaming rights to Seinfeld.
I still think these shows have room to run / make money, but part of me thinks the next generation of sitcoms wonāt be owned by any network. Theyāll be owned by Google (GOOG).
You know why? Google owns YouTube and if you have a younger Millennial or member of GenZ in your household you know they LOVE YouTube.
PARTNER CONTENT
see the picture above? Thatās Elon Muskās new AI deviceā¦
And according to 30-year Silicon Valley and Wall Street veteran Eric Fry ā A man who picked 41 plays that jumped 1,000%+ ā It could be bigger than the iPhone.
In fact, soon you could be wearing a device like this...
Click here to see the details because Eric believes a lot of people will get wealthy from this new invention.
Every growth investor should study this chart thoroughly:
ā Brian Feroldi (@BrianFeroldi)
1:05 PM ā¢ May 23, 2024
Where are we on this chart with the current AI boom? Send us your thoughts.
What was the first company to be listed on the New York Stock Exchange (NYSE)? |
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