All Eyes on Mag Sevens Final Earner | Moovers
Morning mooers! It is Monday, May 20th, the post-meme stock market is open and chugging away.
My name is Kevin Travers, and here are the morning moovers today:
$Hims & Hers Health (HIMS.US)$ was climbing 29% after the firm announced it would add GLP-1 weight loss injections to its catalogue of direct to consumer medicine.
$Norwegian Cruise (NCLH.US)$ was the highest gainer on the S&P 500, up 7% after the firm raised its full-year profit outlook for the second time this month.
$Li Auto (LI.US)$ was falling 14% after the firms Monday morning earnings showed a revenue jump 36% y/y, but a 38% drop from just a quarter before.
This week, all eyes are on $NVIDIA (NVDA.US)$ earnings this Wednesday, April 22nd. According to the average of 36 analysts estimates, investors are looking for earnings of $5.58/share, on revenue of $24.6B. Nvidia is the last of the Mag Seven to report, and the lead Semiconductor company.
Speaking of Semis, the sector was climbing 1.8% Monday. $Micron Technology (MU.US)$ was the highest gainer, climbing +4% pulling the sector up after a Morgan Stanley price target increase Monday morning.
Gold and silver prices were still climbing after hitting records last week. Gold reached a new record high, up 0.09% to 2,459.08. Silver traded +0.32.
$Crude Oil Futures( for JUL 4) climbed 0.11%, while Bitcoin climbed 0.7%, leading bitcoin stocks higher.
After a roaring week for meme stocks and record highs in markets overall, indexes still opened positively Monday. Shortly after 11 AM EST, the $S&P 500 Index (.SPX.US)$ climbed 0.35%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.11%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.59%. Overall, 6600 equities were advancing, while 4600 declined.
This week in Macro, investors can expect the Federal Open Market Committee's meeting minutes, alongside a deluge of FOMC and Fed speeches. Monday Morning, Fed Vice Chair Jefferson said the economy is growing at a solid pace, and its too early to tell if the current disinflation slowdown will last longer.
Last week, Wednesday CPI numbers for April came in right at expectations. Prices advanced 3.4%, and core prices advanced 3.6% in April compared to a year ago, and 0.3% month over month.
Last week, readers told me to check out $Greenwave Technology Solutions(GWAV.US$, a small cap meme stock seeing some crazy trading volume.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
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AnaiAnai : meme stock still can play? now started T+1 new regulation.
