Stock Market Weekly update -May 5th

Bad news is good news again. We got a big rally on Fri after AAPL reported a 5th quarter of  declining revenues, while the monthly Jobs report came in much lower than expected! (Apple shows its steepest quarterly decline in iPhone sales...). The SPX was up for the week, but just barely. Long term Interest Rates did pull back a bit since Wednesday's Fed meeting. Could be a quiet week ahead.

The Dollar -dropped for the week, after the Fed meeting 
The 10 year Interest rate also dropped
Gold dropped
Oil -dropped 
Bitcoin/Crypto -dropped, but recovered

What to Expect in the Markets Next Week -no major events
Schwab Weekly Trader's Outlook

Pops & Drops/5 day movers:    NIO, GME popped -FSLY dropped
Earnings:   AAPL, AMGN, REGN, PFE, SFM, CVNA rallied  
-CVS, SBUX, COP, EXPE dropped

New all time Highs:   GS, SFM   -All time LOWS:   

Percent of Stocks Above 50-Day Average ...up from 40 to 47% 

Top 100 Stocks To Buy

S&P 500 - 2nd week up




Stocks last week +- 6% highlighted
AAPL & TSLA rallied


Sectors last week -Utilities popped, Energy dropped



Market concerns:   Inflation? Wars? Anything?
Now over $34 Trillion in debt!  See Debt Clock below, or here... 


Options watch:   
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE, VIX

Stocks AAPL, AMZN, AMD, GOOGL, META, MSFT, NVDA, TSLA...

Next week:      
MonTueWedThuFri
Earnings:VRTXDIS, BP, ANET, OXYARM, AFRM, ABNB, HOOD, TTD, SHOP, UBER
Events:



More charts: 





Links...
10yr Interest Rates  -rising since Jan!
ETFs performance - Ranked by  Volume 
S&P 500 Sector performance 

News:  
Dow closes higher by more than 400 points as April jobs report bolsters Fed rate cut hopes
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Apple stock pops 6% after results top estimates, company reveals $110 billion buyback
Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
Warren Buffett Just Sold More Than 100 Million Shares of Apple
Berkshire Hathaway operating earnings soar 39% as Buffett’s cash hoard swells to record $188 billion


24/7 Wall St.
Fear & Greed Index 

Comments

Post a Comment

Popular posts from this blog

Stock Market Weekly update -Apr 20

Image
  We saw lots of ‘chop’ last week, ending just below where we started, with tariff uncertainty still hanging over the market. The DOW lagged as it dumped on Thursday after UNH reported earnings. Long term rates pulled back a bit while Gold continued to rocket higher, closing near $3326. This week we get more earnings including GOOGL & TSLA,  04/06:  Hedging against losses… How? If you got ahead of the tariff announcement on Monday Mar 31st using an Inverse ETF like SQQQ (SPXS, SOXS, etc) , it was up approximately 30% that week! Note that Leveraged ETFs should only be used for short term trading. This week:   Schwab Weekly Trader's Outlook Edward Jones recap More earnings  This week: 3red week of earnings reports.  The market is still very volatile so caution is advised. The 10 year Interest rate -dropped a bit, now at 4.33% The Dollar - dropped a bit to 99.23 Gold - another big rally to $3326 Oil -rallied to $63.68 Bitcoin/Crypto   -rallied a ...
Read more

Stock Market Weekly update -Nov 24

Image
  The SPX recovered from the prior week drop, moving from 5870 to close on Friday at 5970. The other indexes also rallied, with the DOW closing at the prior all time high from 2 weeks ago. Long term Interest rates stayed mostly flat as the Dollar continued to rally. Gold had a big recovery rally. NVDA reported blowout numbers again, but the stock dropped! TGT tanked after earnings, still dropping since its peak in Aug 2021. WMT popped on earnings to another all time high (a DOW stock rallying like a tech stock since its bottom in May 2022) -this was its 4th earnings pop this year. This will be a short trading week because of the Thanksgiving holiday. This week:   Schwab Weekly Trader's Outlook   Market is closed on Thursday The 10 year Interest rate -flat at 4.4% The Dollar - rallying for 8 weeks now 107.5 Gold - rallied to $2715 Oil -rallied  to 71.10 Bitcoin/Crypto :  - another big rally to around 99.5k! New all time Highs :  WMT, BJ, COST, WFC, JPM,...
Read more

Stock Market Weekly update -Jul 20

Image
  The S&P500 was up slightly, hitting new al time highs and closing just under 6300. while the Nasdaq100 closed just over 23,000, and NVDA popped to close at a market cap of $4.2 trillion, now the largest company in the world. PLTR also hit another all time high.  TSM popped, but NFLX pulled back after reporting earnings. Some of the big banks pulled back as well. Bitcoin pulled back to 118,000 after peaking at 123k last weekend. Ethereum on the other hand saw a huge 22% rally for the week, after rallying 16% the prior week! The GENIUS Act was finally passed, which outlines a regulatory framework for Stablecoins . Headline CPI year-over-year increased 2.7%. Retail Sales: Increased slightly. Stocks still look pretty extended after this huge rally from the April lows, so be careful and don't forget to take some profits! Late July tends to be a seasonally weak period as well.   The week ahead:  Earnings season week 2:  TSLA, GOOGL, more.,  Schwab Weekly Tr...
Read more