US Stock Market Review 13 - 17 May 2024
$Dow Jones Industrial Average(.DJI.US)$ +1.24%, $S&P 500 Index(.SPX.US)$+1.54%, $Nasdaq Composite Index(.IXIC.US)$+2.12%. DJIclosed above the key 40,000 level for the first time ever.
Major economic data last week, CPI and retail sales showed weaker than expected result, ignited speculations that the economy is cooling, elevating chances for the Fed to cut rates in the next few months
Over 90% of the $S&P 500 Index(.SPX.US)$ compa...

US Stock Market Review 29 Apr - 03 May 2024
- $Dow Jones Industrial Average (.DJI.US)$ 1.18%, $NASDAQ (NASDAQ.US)$1.99%, $S&P 500 Index (.SPX.US)$1.26%
- A surge in $Tesla (TSLA.US)$ shares followed regulatory approval in China for its Full Self-Driving technology.
- Federal Reserve’s meeting resulted in no rate hikes- Information Technology sector saw the largest gains, increasing by 1.6%, influenced by positive earnings reports and tech advancements.
- Event to watch: ...

$Disney(DIS.US)$ call option holders are rushing for the exit before the contracts become worthless as shares of the entertainment giant tumble after giving a weaker fiscal third-quarter outlook for its entertainment direct-to-consumer.
The company also gave a full year outlook that's slightly below Wall Street estimates. The company expects full year adjusted earnings per share to grow 25%. Analysts expect a 25.3% growth...

$Starbucks(SBUX.US)$
$CVS Health(CVS.US)$
$Estee Lauder(EL.US)$
Previously, after standing on the 200-day average, my butt wasn't hot, and I started jumping from the building again.
Starbucks and EL can also be blamed for the slump in business in China. What the hell is CVS doing? I haven't read financial reports, but judging from this stock price trend, I don't need to read earnings reports anymore; just stay away.
Although the stock market's rebound was blocked and may continue to decline or move sideways, it is currently still in a bull market. In a bull market, instead of bottoming out those weak stocks that are still in the middle of a bear market (stock prices don't stand at the 200-day average), it is better to buy bullish stocks that have risen too much and are currently falling due to the return of the mean.
For example $Super Micro Computer(SMCI.US)$ Even though it has dropped quite a bit, I have friends $NVIDIA(NVDA.US)$ There was no problem with the performance, but the only problem was that it had increased too much before. Now, as long as the stock price falls back to a reasonable valuation, there will be a chance to take off again in the future.
I've said it before, actually $Amazon(AMZN.US)$ Financial reports are the most important. There is no dispute that this round of bull market is driven by AI, so the profitability of these big technologies and their investment in AI are the most important factors that determine the height of this bull market.
Therefore, given that Big Tech is very strong (Meta is a weak stock; everything else is strong), I think NVD...