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WILD WEEK AHEAD! Will Stocks Soar or Crash?
Hold onto your wallets, folks! After a stomach-churning week where stocks took a nosedive, the big question on everyone’s lips is: Will this Memorial Day week bring a BOUNCE BACK, or are we in for more heartache?
Last week, the market’s bottom fell out! The S&P 500 plummeted 2.6%, the Dow Jones spiraled down 2.5%, the Nasdaq Composite crashed 2.5%, and the Russell 2000 sank a staggering 3.4%. Oh, the agony!
2023 – A Year of Dismay!
Can you believe it? The S&P is down 1.3%, the Dow is off by 2.2%, and the Nasdaq? A dramatic 3% plunge! The Russell 2000 is staggering with an 8.4% decrease. These numbers don’t lie, and they spell BAD NEWS for investors hoping for a comeback!
But wait, there’s hope on the horizon! One colossal name is set to report this week: NVIDIA!
DRUMROLL, PLEASE! NVIDIA EARNINGS REVEAL EXCITEMENT!
Get ready, investors! This Wednesday after the closing bell, NVIDIA is stepping into the spotlight! Currently, NVIDIA stock is sitting at $131 per share—down 2% year-to-date but clawing its way back from a low of $86 just last month. Can you believe it? That’s a mind-blowing 27% gain in mere weeks!
Analysts are buzzing, predicting a jaw-dropping revenue of $43.2 billion—a whopping 66% year-over-year increase! And earnings? Expected to hit 73 cents per share—a dreamy 20% jump! All eyes will be glued to any news about how import restrictions to China could shake things up!
But NVIDIA isn’t the only heavyweight in the ring. SALESFORCE! HP! These giants are dropping their earnings bombs on the same day! Analysts are predicting Salesforce will rake in $9.7 billion, a 6.6% YOY increase! And don’t sleep on HP—this PC powerhouse has earnings coming out as well!
EARNINGS EXPLOSION! WHO ELSE IS IN THE SPOTLIGHT?
Hold on tight! Dick’s Sporting Goods is eyeing a huge move as they plan to buy Foot Locker. Meanwhile, Macy’s reports in the morning, alongside dividend royalty Hormel Foods and big-box behemoth Costco later on Thursday. Dell and semiconductor star Marvell Technology will also dazzle us with their numbers!
INFLATION CHAOS LOOMS!
As if the stock market drama wasn’t enough, brace yourself for the PCE inflation report dropping on Friday! The economy is slowing down faster than a deer in headlights. Consumer confidence has nosedived for FIVE straight months—what a disaster!
Will the inflation rate drop again to 2.2% from 2.3% in March? If it does, the Fed might just start cutting interest rates! But fear not—tariffs are still lurking, ready to throw a wrench in the works!
Stay alert and keep your seatbelts fastened, because this week promises explosive action that no investor can afford to miss!
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