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Monthly investing overview, May 2021

Updated: Jul 6, 2021

May 28, Friday - Summary:


Stocks SPY+0.2, Bond TLT=, EEM+0.6, Smallcap IWM=, SpecTec ARKK-0.2%.


Monday is Memorial day US holiday. This Friday beforehand was quiet.


White House $6T budget proposal involves retroactive Capital Gains Tax. Deficit starts at $1.8T in FY2022, and reaches surplus after a decade. Markets shrugged.

PCE Deflator Price Index: +3.6% (e3%; core 3.1%). Services inflation likely cools.


BA-1.5%: Boeing paused 787 deliveries, on FAA safety standard demands


Memes: AMC-1%, was+40%, BYND+2% GME-13%; SPCE=, SQ+1%, TSLA-1%.

Crypto fell: BTC-7% ETH-9% DOGE-5%; COIN-4% RIOT-5% MARA-4% SI-6%.


HKSE listed JD Logistics+3% on Friday: US$50B MktCap, spun off from JD.com.


World Stocks' Quarterly EARNINGS: May28Fri: r2 $400B MktCap (value):

MPNGY) GAZP. Na trnfp. elekta. big, fro, hibb, plus' recaf irao. adj. hapSe) ipca) desn. nbg. cwb cal mdna

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Thurs turnover leaders: $200B~ value:


AMC TSLA NVDA AAPL AMZN CRM AMD FB MSFT BA GME PLTR BYND NIO F GOOG SPCE VTNR ABNB COST MRNA BABA GOOGL SQ BAC RBLX SNOW PLUG BB JPM NFLX COIN PDD SHOP HPQ DIS TLRY PG GE MA V T C ULTA PYPL BRK.B INTC XOM MU VALE ZM PTON WMT UAL NOW UPST CCL JNJ AAL KO MS MRK UNH DKNG HD AMAT ADBE ROKU AMGN QCOM


==


May 27 Thursday - Market Summary:


Stocks SPY=, Bond TLT-0.4%, EEM=, Smallcap IWM+1%, SpecTec ARKK+0.8%


Bonds fell early on NYT report of Biden wanting $6T infra spend in 2022.

His budget proposal includes a retroactive Capital Gains Tax increase.

Bonds drifted higher after auctions ended (with $62 bln 7-year notes).

Daily Fed RRP (13ET) mopped up $485B, beating prior record, in Dec 2015.

Data was mixed: Durable Goods Orders (-1.3%, e0.8; revision +1.3 vs 0.5 prior), Pending home sales (-4.4%, e1.5%), prelim Q1 GDP (+6.4%, same as advance est; PCE deflator 4.3, e4.1), weekly jobless (406k, e425k), weak NatGas inventories.

Weak bonds helped regional banks KRE+1.7%; UPST+12% on AI bank lending.


Strong IPOs today: FIGS+45% $6B MktCap medical apparel maker. OMIC+17% genomics sequencing $2B MktCap. DAWN+60% cancer biopharma $1B MktCap.


Cathy Woods speaks at Coindesk's Consensus crypto event finale tonight. BTC+1% ETH+2% DOGE-2%; COIN+2% RIOT+3% MARA+2% SI+5%; SQ-1%; TSLA+2%. AMC+35% BYND+12% GME+5% on WSB pumps; SPCE+15% on broker buy; IWC +1.8% Microcaps: $50-300m MktCap. (Midcaps are $2B-10B MktCap.)


Airbus+9% soon back to pre-pandemic production, lifts GE+7% BA+4% SPR+6%.

F+7% on EV plan upgrade by RBC; GM+3% on plant restart: chips resolved.


XOM-1% Exxon lost two board seats to activist investor Engine No .1 over its climate strategy, confirming growing primacy of ESG with DM investors.


Main busy half of Quarterly earnings season, ends today (quieter next week).

Monday is Memorial day US holiday. Usually Friday beforehand is quiet.


Earnings Movers by impact: Tech XLK-0.5%: Salesforce CRM-2%> +5%AH. DELL=> -1%AH, & it's software spinoff VMWare VMW=%> -1%AH. Autodesk ADSK-2%. Hewlett Packard HPQ=> -6%AH. plan-13%. box-1%. domo+1%. yext-2%> +15%AH. From y'day: NVDA-1%. SNOW+4%. WDAY-3%. OKTA-10%. dxc+4%. ntnx+1%. apps+1%. pstg-1%. qada+4%. plab+4%. zuo=. ConsumerStaples XLP-0.6%: Costco COST=> -1%AH. Colgate Palmolive CL-1%. Dollar General DG+2%. DLTR-7%. olli=> +7%AH. safm-3%. afya+5%. From y'day: goto+5%. elf-4%. uvv-4%. hlg-5%. Consumer Cyclical XLY+0.4%: BBY+1%. Ulta=> +5%AH. Burl-1%. Gps+3%> -2%AH. ges+3%. amwd-7%. From y'day: PDD-3%. Li+4%. wsm=. dks=. cpri+3%. aeo+2%. anf+7%. dbi-4%. Healthcare XLV-0.2%: MDT-1%. Veev-1%> +4%AH. asnd+2%. prva+3%. From y'day: agl+9%. chng+2%. nxgn-13%. Communic'n Svc XLC+0.4%: athm= yy+1%. lgf+1%. From y'day-5%. Industrials XLI+1.4%: hhr=. From y'day: uhal-1%. ens+3%. cmco-1%. Financials XLF+1.2%: RY+2%. TD-2%. CM+4%. hlne-1%. qfin+3%> -2%AH. crvl+3%. From y'day: BMO+1%. bbar+4%.

[& Energy XLE=, Oil+1%. Materials XLB+0.8%, Copper+3.3%, Gold=, Lumber-1%, iron+5%. Utilities XLU+0.7%. Property XLRE=.]


World Stocks' Quarterly EARNINGS: May27Thu: R9 $1,900B MktCap (value):

CRM' MDT, COST' DELL' VMW' ADSK' HPQ' DG, CL, MPNGY) RY, TD, CM, BBY, DLTR, Veev' Athm, Ulta' Burl, Gps' Plzl. Lnvgy) Jmat. plan, ntnx, asnd' olli' qfin' box' crlbf yy' lgf' av. uu. tate hydr. at1. sgapy) mayBa) sunPh) eicher) lumi. cimb) ges afya safm prva hlne crvl hhr domo yext amwd gco fanh mov titn thr


Thur turnover leaders: $300B~ value:

AMC// TSLA AAPL NVDA AMZN FB MSFT GOOG BA' PG SNOW' GOOGL F' BABA GME' CRM KO BYND/ ABNB' CSCO ABBV AMD WMT GE' UBER JPM DIS BAC OKTA,, NIO GM ACN WFC MS XOM MA BEKE MRNA RBLX/ TMO TXN BRK.B SQ MU INTC LLY PYPL NKE PDD, VZ PLTR COST NFLX BKNG LMT HON PTON SPCE/ TGT PFE ADBE CMCSA AMAT LRCX GS CZR LI' T C JNJ V PEP SHOP INTU MRK COIN MDT WDAY, MCD FUTU FCX DE CVX ABT HD ZM EBAY, LB TMUS ADP LYFT ISRG UPS SCHW DHR VTNR/// ORCL CRL LOW QCOM ILMN PLUG MELI VIAC XPEV TWLO TECH TFC RTX PLAN,, X' DASH' BBY CRWD KMB CCL OSH, ECL BILI AVGO AAL NVAX VALE AMGN CAT SAM, FIS UNH UPST/ DG FDX SBUX NOW FISV CB DLTR, ROKU IBM BMY AMT NEE UNP BDX HPQ CVS ANTM ZS SHW SRE USB ATVI TSM ODFL NXPI CHTR UAL JD HUM SNAP AZN GNRC SYK MPC OGE KMI ADSK CI RIOT NEM TME EQR BIDU COG LHX BSY CMI AXTA EXPD PINS JCI KR HBAN NCLH IQV TJX DKNG PPG DOCU LULU ROST LYB TDOC CLF' ADI EL COF CARR ZTS NET' W

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


===


May 26 Wednesday - Market Summary:

Stocks SPY+0.2%, Bond TLT-0.2%,EEM+0.7%,Small IWM+1.9%,SpecT ARKK+1.9%


$61B 5-year note auction went well, but bonds unplugged soon after.


Commodity downturns in Q2: iron, nickel, palladium, lumber, corn, cattle.


XRT+3% Retail shines after earnings, and on reopening; airlines and cruises too.


EV boom: FCEL+12% WKHS+12% QS+12% CHPT+9% BLNK+9% PLUG+7% BE+7% driven by Ford's Investor Day: F+9% says it will spend $30B by 2025, on EV cells; and says 40% of it's sales will be full EV by 2030. F150 & Mach-E are EV leaders.


GME+16% on plans to cash in on NFT mania; & AMC+19% on meme frenzy.

Retailer EXPR+26% another meme stock; SPCE+5% on Cannacord upgrade.


BTC+2% ETH+7% DOGE=; RIOT+9% MARA+11% SI+5%; SQ+3%; TSLA+2%.


Pharmacies weak: WBA-4% CVS-2%, on AMZN= plan for physical pharmacies.


Earnings Movers by sector/ impact: Tech XLK=: Nvidia chips NVDA=> -1%AH. SNOW+2%> -3AH%. WDAY=. OKTA+1%> -4AH%. dxc=. ntnx+2%> -3AH%. apps+6%. pstg+2%. zuo+2%. qada=> -4AH%. plab-1%. From y'day: INTU+1%. ZS+12%. dv+1%. vsat+4%. vnet+4%. ramp+3%. Consumer Cyclical XLY+1%: PDD-6%. Li+14%. Strong retail: wsm+3%> +3AH%. dks+17%. aeo+6%. cpri+3%. anf+8%. cvco+6%. dbi+7%. From y'day: AZO-1%. TOL+4%. Jwn-6%. htht+1%. cbrl+1%. urbn+10%. sky+19%. Healthcare XLV-0.6%: agl%. chng%. nxgn%. From y'day: A=. bnr-9%. avah+2%. tmci+5%. Industrials XLI+0.3%: uhal+1%> AH-11%. ens+1%. cmco+1%. From y'day: hei=. eslt=. dy+4%. Consumer Staples XLP-0.2%: gotu-8%. elf+4%. uvv+1%. hlg-4%. Financials XLF+0.3%: Bmo+1%. bbar+2%. From y'day: tigr+13%. finv-6%. [& Energy XLE+0.9%, Oil+0.6%. Materials XLB=, Copper+0.2%, Gold-0.2%, Lumber-3%, iron-5%: Communic'n Svc XLC+0.7% Utilities XLU=. Property XLRE+0.2%.]


World Stocks' Quarterly EARNINGS: May26Wed: R7 $1,100B MktCap (value):

NVDA'! PDD) SNOW' WDAY' OKTA' Li, Xiacf) Bmo, Lkoh. Sse. bajajFs) fph) itrk. agl' wsm' uhal' dxc' cpri, dks, chng' ntnx' apps' pstg' aeo' gotu, ens' anf, cvco' mks. bab. blnd. mdc. azrg. fcg) mft) alq) pchem) yuanta) bergerP) gail) mawhf) zuo elf cmco uvv qada dbi nxgn hlg iclk bbar svac pinr plab vtol mod phvs qmco ghvi rex bq ooma vtru lzy bbw lub

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Wed turnover leaders: $200B~ value:

Weds $200B turnover: TSLA AMZN AMC// AAPL GME/ NVDA MSFT F/ FB PTON/ SQ GOOG PDD, GOOGL AMD NIO' JPM BABA BAC BA RBLX COIN ZS/ AMAT DIS SHOP CMCSA CRM CVS XOM BRK.B WFC DKS/ SNOW MRNA' PYPL PG C UNP MA ABNB PFE SPCE' NFLX MU TMO V T CSCO PLTR JNJ NKE CVX DHR WMT AMGN HD TWTR QCOM INTU KO ADBE TWLO SNAP LI/ ORCL TMUS GE PLUG' MDT GM VZ UNH PINS GS INTC UBER VIAC' ABT MS CRWD TXN FCX RIOT/ TSM JWN, LRCX CCL TGT MRK NOW NCLH DE ZM VALE LOW BKNG AAL BYND' DKNG WBA, UAL ADI BIDU PEP TAL, FUTU ROKU ABBV CHTR FUBO/ TTD OMI// AXP COST MARA/ QS/ XPEV' MELI NEE RCL' LLY FDX OKTA MPC DG UPS BMY UPST/ SCHW WDAY LIZI/// CAT W' FISV COF BIIB JD DAL TJX AVGO DASH' USB CSX ANTM ACN BSX, BILI LIN NEM DOW RNG MDLZ RTX X' SBUX IBM CNI TDOC EBAY MGM ALL NXPI BDX KSU TLRY' PIRS,, ENPH AMT HON GILD LMT CB ISRG PXD PANW ASML NUAN CMG LVS MMM GOLD COP ATVI BLL, DOCU FIS AZO MXIM MET DISCA' COG U HUM OXY BEKE MO CCK, MCD SYK

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


===

May 25 Tuesday - Market Summary:

Stocks SPY-0.2%, Bond TLT+0.9%,EEM+1%,Small IWM-0.9%,SpecTec ARKK+0.6%


The Fed conducted another big overnight RRP, mopping up $433B of liquidity.

Republicans are to propose a $1T counter offer to Bidens infrastructure plan.

New home sales -5.9% MoM to 863k (expected 980k) due to materials costs. HPI +13% YoY, +1.4% MoM: largest House Price Index rise since 2005: Homebuilders boosted XHB+1%. $60B 2year note auction was solid; bonds rallied later.

Consumer Confidence missed (117.2 vs 118exp), on inflation fear; & revised -4%.

Japan (JP) will extend the length of its zero-interest loan program.


Chinese education stocks bounced as officials denied any ban on after school tutoring: TAL+18% EDU+21% DAO+7% GOTU+5%; GS fears regulation risk.


Pops on upgrades: Coinbase COIN+8%, Canopy (pot) CGC+6%, SHAK+4%.


Airlines boosted by reopen, and raised guidance: United UAL+2%, AAL+1%.


Amazon AMZN+0.5% gets a DC lawsuit on preventing sellers from offering lower prices on other marketplaces. AAPL's Epic lawsuit closed Monday; result in~July.


Crypto soft: BTC-5% ETH-4% DOGE-5%; RIOT-3% MARA-2% MSTR-1% SI+1%; Square SQ+3%; TSLA=; Meme stocks' big bounce: GME+16% AMC+20%.


Earnings Movers by sector/ impact: Tech XLK=: Intuit INTU=. Zscaler ZS-1%> +8%AH. dv+5%> -3%AH. vsat=. vnet+1%> -7%AH. ramp-1%. sol+1%. Y'day: api+6%.

Consumer Cyclical XLY+0.3%: Autozone AZO-2%. Homebuilder Toll TOL+2%. Retailer Nordstrom Jwn-3%> -6%AH. Htht-2%. cbrl-2%. urbn+1%> +8%AH. sky+3%> +5%AH. mmyt+2%. From y'day: Lordstown guide cut: Ride-7%. crmt+7%.

Healthcare XLV-0.3%: Agilent A=> -3%AH. bnr-2%. tmci-1%.

Financials XLF-1%: online CN brokerage sales zoom, costs fall: tigr+16%. finv+2%.

Industrials XLI-0.3%: hei+. eslt-3%. dy-15%. From y'day: ndsn+7%.

[& Energy XLE-2%, Oil=%. Materials XLB-0.9%, Copper-0.6%, Lumber-3% limit, Gold+0.9%: Communic'n Svc XLC=. Consumer Staples XLP=. Utilities XLU-0.2%. Property XLRE+0.3%.]


World Stocks' Quarterly EARNINGS: May25Tue: R3 $350B MktCap (value):

INTU' A' AZO, ZS' TOL' Hei' Eslt. Avv. Jwn' Psh. Htht) dv' urbn' lund. ecm. dsct. bajajF) ksftf) copec axiata) cbrl bnr vsat ramp vnet mmyt dy tigr sky finv avah tmci arce ctrn tne) 6pg gnc. tcs rrgb itrn nat cswc sol

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Tue turnover leaders: $200B~ value:

TSLA AMZN AAPL NVDA FB MSFT AMD AMC// SQ BA GME/ BABA COIN' NIO GOOGL GOOG BAC MU JPM SHOP AMAT T PYPL C XOM F MA CRM DIS FUTU/ ABNB BRK.B WFC NFLX UAL PIRS/// MRNA RBLX INTC JNJ TAL// DKNG ADBE AAL PG HD CCL CSCO SPCE, V PLTR MRK WMT PFE ROKU NCLH QCOM LRCX GS UNH MS GM PTON TGT BIDU DHR VZ EDU// PDD PLUG UBER TMUS CVX BEKE, TXN VALE LOW AMGN TWTR ABBV FCX TMO ASML ZM PEP SNAP JD DAL CMCSA SNOW NKE RTX NOW KO CNI BKNG INTU RCL VIAC BMY MCD GILD GE AZO TSM SBUX TIGR/ DE PRVB// CHTR LLY ISRG ZS IBM ORCL PINS ABT TWLO NEE ADI CAT MPC FISV COST WDAY UNP TTD CVS TLRY UPS NEM IAC,,,, CERN ACN FDX MDT GOLD COG KSU X, CZR CVNA DG MGM COP AVGO CB MELI TEAM LUV SCHW COF AZN TDOC BILI TJX RIOT, BYND SAM' D MRVL HON NSC VIPS LIN KLAC PANW HCA ENPH GPN XPEV AXP NXPI RH' CNC CRWD FIS BDX CTSH DASH, REGN OKTA W LMT DOCU EOG CI EL EBAY ZTS WLTW ANTM SPGI DHI VRTX MO HUM LYFT QS, SHAK'

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


=========


May 24 Monday - Market Summary:

Stocks SPY+1%, Bond TLT+0.4%,EEM+0.8%,Small IWM+0.6%,SpecTec ARKK+2.7%


The Fed's daily overnight RRP (Reverse Repo) mopped up $395B of liquidity.


Reopen boom: CDC is due to allow cruises soon: NCLH+5%, RCL+4%, CCL+3%.

SPCE+27% on successful test flight. BYND+10% on Bernstein 2 notch upgrade.


AMZN+1% is nearing a deal to purchase Hollywood studio MGM+5% for $9B.


COG-7% Cabot (largest US NatGas E&P) merger with XEC-7% Cimarex for stock, total $13B MarketCap: Cabot is big in Marcellus shale; Cabot in Permian shale.

XEC investors/ activists/ ISS may block it, and force leadership changes.


Crypto bounced (on Musk tweet hinting at greener crypto mining plans) from big Sunday rout: BTC+10% ETH+13% DOGE+1%; COIN= RIOT+13% MARA+11% MSTR+5% SI+1%; Square SQ+5%; TSLA+4%; Meme stocks GME+2% AMC+13%.


Outlook: Less IPO supply overhang; Buybacks restart soon; Stimulus filters in.


SMH+2% chips continue rebound: NVDA+4%: split; MU+3%: contract price rise.


Earnings Movers by impact: Tech XLK+1.8%: api-3%> -3%AH. From Friday: AMAT+5% chips. Industrials XLI+0.6%: ndsn+1%> +3%AH. From Fri: DE=.

Consumer Cyclical XLY+1%: ride+1%> -9%AH. From Fri: VFC-1%. roll=.

Materials XLB+0.9%, Copper+1%, Lumber-2%, Gold+0.2%: zy-3%> -3%AH.


[& Energy XLE+1%, Oil+3%. Communic'n Svc XLC+1.8%. Healthcare XLV+0.1%. Consumer Staples XLP+0.3%. Financials XLF+0.5%: Utilities XLU-0.2%. Property XLRE+1%.]


World Stocks' Quarterly EARNINGS: May24Mon: R0 $250B MktCap (value):

Kuasf) ndsn' all) sbhmy) cspcy) grasim) eSunF) topSp) api' zy' ride' knos. arce gth crmt yq th new mict lmpx


Mon turnover leaders: $200B~ value:

TSLA' NVDA' AAPL AMZN MSFT FB GOOGL SPCE// BABA SQ' AMD GOOG NIO' BA COIN RBLX' SHOP PYPL JPM AMAT' AMC/ TWTR' DKNG' F T TAL,,, BAC PTON C MU DIS NFLX ROKU' CRM WFC ABNB BRK.B CSCO SNAP' XOM QCOM INTC BYND/ PLTR EDU,,, PG V HD ADBE WMT LRCX JNJ MA TGT GME UBER VIAC COG, TXN BKNG UNH TSM BIDU VZ MRNA CCL CMCSA PLUG CVX DG ANVS, MS MPC QS, NCLH' DE PFE GS AVGO MRK UPST, LOW XEC, COST AMGN CHTR CRWD JD TWLO SBUX TMUS ISRG AAL ZM TJX RIOT/ NKE SNOW BMY CAT FDX DHR KO ORCL DASH ABBV ADI FCX TMO TEAM PEP UAL ASML VFC BILI GE MARA/ GM FUTU VALE CVS NEE INTU PDD DXCM MDT CB PANW X IBM TTD GILD PINS EQIX CZR' SPGI MGM' RTX NOW BEKE BTX// UNP NEM GPN FISV NXPI UPS MCD LLY ZS HON SCPS/// ZTS ETSY CNC CVNA DAL DISCA KLAC MRVL AFRM CLF NSC MELI ABT LMT DFS AZO COP MSTR' RCL EBAY U EOG PGR STX' LBCOF OXY DOCU BSX CMG PXD VIPS KSS ENPH W LYFT BDX ALGN SLB XPEV RNG BP TDOC CPNG' NVAX LAZR GOTU,, OBLN/

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


===


May 21 Friday - Market Summary:

Stocks SPY=, Bond TLT+0.43%, EEM-1%,Small IWM+0.3%,SpecTech ARKK-0.7%.


Existing Home sales slipped -2.7% m/m to 5.85m (expected 6.09m; ) from an unrevised 6.01m in March). January-April was +20% from a depressed 2020.

The key takeaway: supply of existing homes for sale remains near all-time lows. HPI increases beyond income gains rates, creates affordability pressures for prospective (mainly first-time) buyers. Fed tapering talk likely increases at Jackson Hole this weekend (the main annual Fed policy debate symposium).


The Fed conducted its largest overnight Reverse RePurchase operation (daiily, 13ET) in 4years today (RRP), with $369B take-up (also $351B on Thursday, and $294B on Wednesday). This drains cash, to prevent rates dropping below target. (PBOC uses RP/RRP tool to manage daily CN liquidty, at 21ET, before HK open). The Biden admin cut its infrastructure spending proposal to $1.7T from $2.2T.


Financials XLF+1% led the continuing rotation from growth(tech) to value.

AAPL-1.5% Apple's CEO testified in a legal battle with Epic Games over fees.

Nvidia NVDA+3% announced 4-1 stock split; chips held big weekly gains.

F+7% Ford booms on new EV version of its F150 truck, that Biden endorsed.


Main busy half of Quarterly earnings season, ends next Thursday May 27.


Earnings Movers by impact: Tech XLK-0.5%: From y'day: AMAT-1%. PANW+6%. lspd+6%. csiq-1%. cd+2%. Industrials XLI+0.5%: DE+1% Deere: Ag/building machinery. Bah+2% Booz Allen outsourcing. roll+1%. From y'day: wms+4%. ens+2%. cswi=. Consumer Cyclical XLY-0.5%: Vfc-9%. fl+2%. bke+1%. dsx+8%.


World Stocks' Quarterly EARNINGS: May21Fri: R2 $350B MktCap (value):

DE VFC CFRUY. Bah Fl SBin) roll bke oml. tenaga) shreeC) cbg. nbs. dsx 0zq. dlf) ntz

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Fri turnover leaders: $200B~ value:

TSLA AMZN AAPL NVDA MSFT FB BABA GOOGL BA AMD GOOG F RBLX ANVS T SHOP AMAT SQ UNH BAC NIO ABNB COIN JPM CSCO PYPL NFLX C PG DIS PANW DE WFC HD V XOM BRK.B VIAC SNAP JNJ QCOM TGT CRM CVX WMT SPCE PTON CMCSA PLUG MU INTC MA GS UBER BIDU CRWD VZ EBAY KO TAL VFC LRCX SNOW FCX GM PFE UPS MRNA MRK MS TXN LOW COST JD ADBE CVS PLTR ROKU VALE AMGN NKE ZM GE AVGO BKNG ADI ORCL DKNG ATVI TWTR TSM LAD CHTR UPST GME PEP AMC TMO NEE ABBV NOW UAL AAL ZTS IBM MPC ACN ASML BMY LIN SPGI COF DISCA CAT SBUX TTD CCL ENPH RIOT UNP ABT BEKE MELI CNC AXP MDLZ TWLO PINS LLY HON INTU MCD VIPS RTX FDX X CLF TEAM CSX TJX FUTU MDT U TMUS GILD DASH NXPI ROST CNI DAL AZN ETSY NEM CB MARA DOCU OKTA KSU NCLH DHR ALGN DISCK WDC OTLY UONE EDU DECK FISV SCHW PDD MSTR LULU HUM DRI GOLD PXD VRTX ILMN CVNA MRVL BILI COP OXY TDOC KSS DHI DDOG FIS STX EW CP NSC ZS DDD RCL AMH PODD BNTX XPEV WBA


====


May 20 Thursday - Market Summary:

Stocks SPY+1%, Bond TLT+0.8%, EEM+0.6%,Small IWM+0.6%,SpecT ARKK+3.5%


Weak Philly Fed (31.5, exp 42) was anticipated by bonds rallying just before it.

Stocks bounced sharply for 2hours before, and after, 930ET US floor open..

Lumber+4% limit up for a second day; Copper-3% fizzled from an early rally.


Crypto bounced from yesterday's liquidation (BTC,ETH fell 1/2 of their highs), but BTC+2% fell from $42.5k: IRS says all transactions must be reported if over $10k value; and is planning a crypto tax crackdown. ETH+7%, DOGE+11%; and COIN+4% RIOT= MARA+1% MSTR+4% SI+7 CAN+3%; also SQ+2%, TSLA+4%.


OTLY+19% Oatley IPO ($11B MkCap) boomed on SBUX+2% distribution deal.


Earnings Movers by impact: Tech XLK+1.9%: Tencent (CN) TCEHY!-2%. Applied Materials AMAT+4% >-1%AH despite beat & raise (#2 chip equipment maker after ASML in EU). Palo Alto Networks PANW+2%>+5%AH. Lspd+16%. csiq+6%: ignited TAN+4% solar rally [also GS upgraded Sedg+7%, shls+9%]; maxn+9%. cd+6%. nndm+4%. From y'day: CSCO+1%, was -5%. ADI+4%. SNPS+3%. Keys+2%. gds-7%. dava+6%. knbe-9%. Consumer Cyclical XLY+1%: Retail lags: Ross Stores ROST-2%. Rl-7%. Deck-4%. Kss-10%. woof-1%. mnro-6%. plce+5%. From y'day: JD+4%. LOW+1%. TJX=. Lb-4%. Vips+1%. ysg=. Communication XLC+1.7%: geni-10%. Healthcare XLV+1%: olk+9%. Materials XLB, Gold+0.4%: svm+2%. From y'day: Sqm-2%. exp+2%. Industrials XLI+0.2%: wms+1%. gogl+6%. ens+1%. brc+1%. cswi+3%. From y'day: Cprt+3%. zim-4%. sblk-7%. cae=. Consumer Staples XLP+0.9%: Hrl+7%. bj-5%. flo= . From y'day: TGT+1%. [& Energy XLE-0.2%, Oil-2% on Iran deal fears. Financials XLF=. Utilities XLU+0.9%. Property XLRE+1.2%.]


World Stocks' Quarterly EARNINGS: May20Thu: R6 $1,300B MktCap (value):

TCEHY!) AMAT' ROST' PANW' Hrl, Rl, Kss, Deck' Ng. Tkomy) Bkrky) nn. en. kgf. lspd, wms, woof, bj, flo' cd, embrac. msady) pmeta) olk, geni, brc mmyt manu csiq mnro cswi pax gogl pax cswi nndm plus plce glng maxn ezj. rmg. phor. 0ofr. svm ainv dgnr tgi qiwi hwkn adn igic xnet redu havel) shinK) evd. dufn. lsg. szu. rym) ktb)

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Thur turnover leaders: $200B~ value:

TSLA' AAPL AMZN FB MSFT NVDA' BABA AMD GOOGL GOOG CSCO T COIN AMAT' BA PYPL SHOP' NFLX SPCE/ SQ V NIO JPM TGT BAC VIAC' MA CRM SNOW WMT MU SNAP' JD F INTC DIS KSS,, LRCX ROKU QCOM XOM HD ABNB PG WFC BRK.B VZ PTON' C PLUG DE BEKE BIDU CVX TXN AVGO ZM' ADBE FCX TWLO' ADI' PLTR UBER DASH PDD ISRG BMY UNH RTX LOW PINS' RBLX CMCSA JNJ MELI' LAD TJX CVS NEE MRNA' CAT UONE/ AMC AAL PFE TSM ENPH/ BKNG PANW ASML LLY ORCL GS PXD TWTR UPST' MS BNTX MRVL' CCL NKE ATVI FUTU ABBV UAL X GMW IOVA/ TTD' DISCA, DHR VALE GE NOW TMUS RIOT KO CNC SBUX ACN DOCU IBM AZN PEP UPS FISV RL,, AMGN DAL MRK CB TMO CHTR COST UNP ETSY' TEAM INTU NXPI BILI OTIS CRWD SRE CVNA' MARA NEM MPC CMG HON HUM COP CLF, EBAY ILMN DKNG AON AXP LVS LUV ROST M, COF KLAC GILD DPZ ECL MCD SYY LB, EDU HOLX SPGI MDT RNG' LMT XPEV MDLZ KSU WDAY GME COUP NSC TTWO VIPS LYFT ANTM MSTR' NTES' SLB SNPS WORK FDX MXIM' RUN' ZTS BJ, CNI WDC LIN

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


===


May 19 Wednesday - Market Summary:

Stocks SPY-0.3%, Bond TLT-0.2%, EEM-0.3%, Small IWM-0.8%,SpecT ARKK-1.8%


Liquidation led by Crypto: PBOC (again) rejecting banks' using it in payments (and warning against speculation: can cause losses and unrest) hit BTC-7%: $30k US open low, bounced to 40k; ETH-21% bounced from 2k to 3k. DOGE-28%; COIN-6%, GLXY-6%, RIOT-6%, MARA-6%, SI+2%; SQ-1%, TSLA-3%: Musk's reckless tweets may erode confidence. Meme stocks hit too: GME-7%, AMC-10%.


Chips led a bounce SMH+2%: with AMD+2% on $4B buyback; ADI+5%, MRVL+5%.

Late stock bounce was capped by 14ET Fed Minutes starting talk of QE-tapering.

Lumber+3% limit: began 8th day limit down, after limit up weeks. WY= (was-5%).

Oil-3%, XLE-2%: on Iran nuke deal fear; despite weekly EIA inventory build miss.

SPY has bounced from a test of it's 50Day Moving Average; near last week's low.


Squarespace SQSP-13% direct listing today: $6B MktCap web hosting/marketing.


Earnings Movers by impact: Tech XLK+0.3%: Cisco CSCO-1%> -6%AH. ADI+5%. SNPS+1%. Keys=. gds=> +7%AH. dava+2%. knbe+1%>+8%AH. From yday: dq+8%. etwo+9%. Consumer Cyclical XLY-0.8%: TK Maxx TJX-5%. LOW-1%. Jd+1%. Lb-3%. Vips-11%. ysg-5%. From y'day: HD-1%. Trip.com TCOM+4%. m-2%. myte+4%.

Communication Service XLC+0.1%: From y'day: TakeTwo games TTWO+7%. NTES+2%. SE-1%. BIDU=. iq-4. dao-4%. Consumer Staples XLP-0.4%: TGT+6% Target: delivery, apparel boom. From y'day: WMT=. Healthcare XLV-0.2%: From y'day: sste-3%. legn+2%. agti+2%. Materials XLB-1.5%, Copper-3%, Gold=: Sqm-8%. exp-6%. Industrials XLI-0.5%: Cprt=> +3%AH. Zto+1%. cae-1%. sblk+2%> -5%AH.

[other sectors: Financials XLF-0.6%. Utilities XLU-0.2%. Property XLRE-0.2%]


World Stocks' Quarterly EARNINGS: May19Wed: R6 $1,400B MktCap (value):

CSCO' LOW, TGT, TJX, ADI, SNPS' Cprt' Jd) Keys' Pah3. Zto) Lb' Expe. Beke) Vips. Futu) Sqm' Baer. exp, dava. knbe' sblk' cae, ysg) itc) jswS) gds) hal. mowi. tit. ihc. ioc) ctbc) celltr) skH) singf) svt. em caap desp scvl sy yi lpg vinp itmr nca wlms zim futr. nda. gpor. mab. sspg. ift)


Wed turnover leaders: $250B~ value:

TSLA AAPL AMZN MSFT FB AMD NVDA COIN BABA T SQ BA TGT' GOOGL NIO SHOP GOOG ABNB MU JPM V CRM BAC CVS C PYPL FCX, XOM HD WMT NFLX DIS CVX CSCO BRK.B PTON PLUG WFC PG FUTU GS LOW AMAT MA INTC VZ TWTR UNH TJX, AMC,, JD ADI' SNOW QCOM VALE, ROKU DE, CMCSA RIOT, ADBE BIDU LRCX AVGO JNJ PLTR BKNG TMUS UPST/ MS TXN NEM CRWD UAL F MELI KO RBLX UBER GME, AAL TSM RTX PFE GE VIAC DKNG TTWO' DASH VIPS,, CAT NKE ABBV CCL MARA, EXC TWLO X, SNAP PDD MRK MSTR, ALXN HON ASML AMGN SBUX COST GM DISCA PEP ORCL UNP TFC MRNA MCD NEE IBM IOVA,,,, LLY AZN MRVL' MDT GOLD PGR, ENPH' AA,, NUE LIN INTU MPC DHI CHTR ZM AMT AXP FDX DAL NXPI LUV CLF, FISV COP, TMO COF WDC PM NOW MOSY// CVNA PNC BMY M ROST RIDE/ USB EBAY MXIM' NCLH SCHW INFO STX UPS DHR OXY, ACN WY MMM CB DUK TTD PXD, SLB, AON OTIS BP SPGI ETSY PINS GILD ECL SPOT ABT KLAC ISRG ATVI XLNX WDAY TEAM CSX AAP MDLZ LMT SI' PANW BNTX ICE CMG LEN MTCH DDOG

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


======


May 17 Monday: Market Summary:

Stocks SPY-0.2%, Bond TLT-0.2%, EEM-0.1%, SmC IWM+0.1%, SpecTec ARKK+1%


Discovery DISCA-5% & AT&T T-3% media superdeal, but their stocks pop faded.

Rotation out of Speculative Tech Growth continues, into Value / Cyclicals.

Airbnb ABNB-6% as stock lockup expires. Hard drive makers bounce on Crypto miner demand: STX+6%, WDC+6%; but broader Crypto crunch continues: DOGE-12%(from Fri) ETH-11%, BTC-10%; COIN-4%, MARA-3% SI-2%.

Meme stocks bounce: GME+13%, AMC+7%.


Earnings Movers by impact: Tech XLK-0.7%: Crypto: GLXY-11%. RIOT-7%.

DM+8%> -12%AH. TLS-2%. ConsumerCyclical XLY-0.2%: EVs: FSR+7%> -3%AH. RIDE+14%. NIU-1%; PRPL+3%. CommunicationSvc XLC-0.8%: TME+1%. ZH-1%.


World Stocks' Quarterly EARNINGS: May17Mon: R3 $500B MktCap (value):

MUFG) TME' Rcruy) Ryaay. Bhart) Brdcy) GLXY, RIOT, FSR' Clov, Niu, Ride, Goev' Zh, clphy) fubon) catF) vtwr. dplm. bdms) jua) glan) honA) wiwy) apph alhc idex dm tls vrrm gsm twnk prpl bcp. fp. alb. akrn. o32) ipl) vei dnmr cchw cere prch pct mile ebix gnog xl gsm pvr gan mrns alt actx coe luna xone ibio pyr pog. agro. eld) tpw)

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Mon turnover leaders: $250B~ value:

TSLA AMZN AAPL ABNB T MSFT FB BABA DISCA AMD DIS NVDA SQ NIO BA COIN GOOGL AMC GOOG PTON BIDU CMCSA JPM XOM GME WDC HD BAC RBLX VIAC DISCK NFLX VZ ROKU CVNA MU TSM FCX SHOP CVX LOW PYPL C STX WFC PLTR KSU PLUG UAL AAL PG AMAT SNOW BRK.B NEM ZM WMT UBER CCL VALE NOW JD MRK DKNG INTC MA GE V SNAP


=========


May 14 Friday: Market Summary:

Stocks SPY+1.5%, Bond TLT+0.9%, EEM+1.8%, SmC IWM+2.4%, SpecT ARKK+4.7%


Retail Sales flat (exp+0.8%), didn't dent bounce on reopening, wage rises, savings.

So too bimonthly UoM Consumer Sentiment 82.8 (e90.2): hurt by inflation.

With high savings, Consumption (2/3 of GDP) is expected to replace stimulus.


CDC says masks not needed for those with vax (now open to all adults). Reopen booms: Airlines JETS+4%, CCL+8% cruises, CZR+4% casino, BKNG+3% travel.


DOGE+35% (Musk says TSLA may accept it for car payments); ETH+8% BTC+5%; COIN-3% RIOT+17% GLXY+16% (Monday earnings) MARA+17%; SQ+5% TSLA+3%.


World Stocks Quarterly EARNINGS: May14Fri: R4 $1,000B MarketCap (value)

HNHPF) SMFG) MFG) ROSN. KDDIY) Jphlf) Smcay) Jpphy) Kubty) SemiMf) npcpf) lars) mtsfy) dnscf) kbx. dwahy) tosyy) unicy) asbrf) argx. sge. onex dsey rdy) snc sogo hsbk. samLi) 4jp) cipl) yamcy) tiscf) hktgf) dntuf) ip. mer.rey. uni. yklty) csan3 kajmy) aacay) cpn) kki) ftmx lorl mmx sohu free

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Fri turnover leaders: $250B~ value:

TSLA AAPL AMZN BABA FB MSFT DIS NVDA GOOGL GOOG COIN ABNB AMD AMC NIO SQ BA DASH PLUG MPC PTON BIDU JPM PYPL SNOW PLTR AZPN INTC AMAT MU NFLX ZM JD BAC HD DKNG XOM BRK.B QCOM UBER SHOP ROKU V C MA MRNA FUTU GS CVX JNJ CCL CRM KSU TSM LRCX CMCSA STX FCX ADBE PDD AAL ASML UNH PG NOW VZ TXN WFC UAL CSCO BKNG ABT FDX DE MXIM VLO DG WDAY AMT EXPE RTX BPLVS FSR FUBO LYFT REGN NUE CPNCHTR SBUX TMUS WMT LOW AVGO ABBV ADI PFE BILI COST TTD ORCL GME TWLO T MS GE VIAC NCLH FTCH SCHW KOVALE X MELI GMAJG PEP MRK TEAM SNAP STZ NKE SPGI DHR RIOT AMGN F BNTX CTSH NXPI PINS MARA CLF BNGO TGT NVAX SPOT RBLX DAL M CNI WDC EDU TWTR UPS LUV INTU CAT OXY BMY GILD CVS TJX TDOC HON TMO KLAC NEM MDT UPST COF MCD CRWD G EB AY NEE IBM ET WIX AVNS PBR CP SLB XPEV ETSY INFO DOCU W UNP ACN RCL U OCGN CSX DDOG LINCOP PANW BYND LLY ORLY ALL FIS CL EA RNG NLOK NUAN TAL ATVI


===


May 13 Thursday: Market Summary:

Stocks SPY+1.2%, Bonds TLT+0.2%, EEM=, Small IWM+1.8%, SpecT ARKK-2.6%.


Oversold value bounce, after Weds' Tax day broad liquidation, touched supports.

CDC announced no masks needed outdoor, a key step towards reopening.

Weekly Jobless claims also helped stocks: 473k (expectations were 510k).


Bonds bounced after hit by PPI+0.6%(e0.3); climaxed on $27B weak 30y auction.

IronOre-9% on CN gov't talk. Grains JJG-5% after WASDE Ag report late Wed.


BTC-9%: TSLA-3% stops accepting Bitcoin; Binance getting AML-investigated.

ETH-5%. DOGE-10%. RIOT-16%. SQ-5%. FLR-20% on $500m capital raise.

AMC+23% (meme stock) on $400m capital raise. PTON+6%: fund endorsement.


Earnings Movers by impact: Tech XLK+0.8%, CommcSvc XLC+0.4%, CnmsrCyc XLY-0.3%: Alibaba BABA-6% paid $3B antitrust fine. Disney DIS=>-4%AH streaming sales/ subs miss. Airbnb ABNB-4%>=AH. Coinbase COIN-9%>=AH. Doordash DASH+1%>+7%AH revs beat, 2m delivery workers. Xpeng XPEV-5%. BILI-6%. NICE+1%. FTCH-1%>-2%AH. ARVL-6%. TUYA+1%. GOOS-9% Canada Goose. LAZR-5%>-2%AH. CRCT+3%>+4%AH. NEWR=>-4%AH. MAX-4%>-15%AH. DSP-12%. DCBO-6%. PLT-2%>-15%AH. DDS+5%>=AH. Earnings From Y'day: Coupeng CPNG-9%. APP-5%. DOX+5%. COMP-5%. WISH-29%. BMBL-14%. SONO+7%. POSH-22%. BOOT+9%. Healthcare XLV+0.5%: GDRX-4%>-2%AH. ABCL+11%>-7%AH. SHC-9%. OSCR-7%>+9%AH. HAE-13%. BFLY-16%. AVIR-3%>+8%AH. CCCC-3%. CMPS-6%. BNGO-7%. ACB-5%>-11%AH Aurora Cannabis revs miss. From Y'day: ONEM -14%, AMWL-22%, EAR-16%. Energy XLE-1%, Oil-3% (Colonial Pipeline back on): CRC+6%. Y'day: CPG-7%. Materials XLB=, Copper-0.7%, Lumber+1%: PBR+1%>+3%AH PetroBras stabilises. Vedanta VEDL=; From Y'day PAAS-11%, TRQ-18%. Consumer Staples XLP+1.1%: CELH+12%. UTZ-8%. Financials XLF+1.6%: BAM+2%. CIXX+11%. Utilities XLU+1.7%. XLRE+1% XLI+1.8 %. PGTI+5%. AZEK-1%. From Y'day: VIEW-7%.


World Stocks' Quarterly EARNINGS: May13Thu: R7 $2,100B MktCap (value):

BABA!) DIS' ABNB' COIN' DASH' BILI, BAM, XPEV, PBR' Ftch' Gdrx' Arvl, Nice, Vedl) Bt. iii. brby. hl. lazr' newr' quantaC) orxcf) rkuny) skInn) ptt) cpall) ctbc) xro) hhusf) glob. powr mglu3 lren3 tuya yeti crct azek shc acva oscr crct ulcc eye bfly mpln celh cixx rsi verx Acb goos bngo blnk vvnt hyfm utz max dds hae crvl crc avir aeva dcbo pgti amti plt cccc cmps dsp tgp arko xog rptx ngms kelya mass apr blfs orla gevo thry sbtx rmo dmtk itos foa holi fdmt trmd mcf sens

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Thur turnover leaders: $300B~ value:

TSLA, AAPL AMZN BABA, MSFT FB SQ, NVDA AMC// GOOGL BA AMD NIO, CRL GOOG COIN, PTON' JPM JD, DIS ROKU BAC ABNB, PYPL LRCX' AMAT' HD SHOP, UBER PLTR INTC MU FCX BRK.B V GME/ XOM C JNJ QCOM ZM NFLX RBLX, BIDU PG TSM CRM FUTU, WFC UNH PDD, CVX PFE MELI TWLO, WMT DKNG GS ADBE AVGO MA TTD LOW CMCSA ASML ORCL SBUX T MRNA GE KO PLUG NKE CSCO X AMGN VALE MRK BILI, RIOT,, VIAC DASH TXN VZ COST NOW PINS ABBV AJG AAL MS GM SNOW SPGI TWTR PEP CCL TDOC, UAL UPS DOCU, EDU,, XPEV, WIX, SNAP IBM BKNG FLIR TGT MARA,, F HON MCD TDY NVAX NSA LVS CRWD LMND' ADI CHTR NCLH TMO INTU DE BMY TAL,, EXPE BNTX PENN WDAY SONO' FTCH, RNG, BMBL,, CAT DHI ABT SI/ SLB TMUS DAL REGN DG INFO CSX FISV KSU ENPH CLF GILD FLR,,, OXY, PXD PFPT ACN ETSY NXPI W UPST,, NUE' CPNG,, LIN COF MSTR,, KLAC PANW SCHW ATVI LYFT FDX OCGN. OKTA BDX TEAM, CVNA UNP U, LMT STZ LLY MDLZ FIS CME SPG DXCM DHR VRM COP MDT AZN TJX PMZ NEE ANTM RTX CVS CI FUBO,

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


====


May 12 Wednesday: Market Summary:

Stocks SPY-2%, Bonds TLT-1%, Emerging Mkt EEM-2.8%, Smallcap IWM-3.2%.


Shock weak CPI (0.8%, e0.2) unplugged all-asset-class liquidation, on Tax day.

That is 5% annualised. Main drivers: used car prices, airfares, rent. Core +3%YoY.

Fear is, persistent inflation forces Fed to slow QE (like UK CA AU NO already).

"Transitory" likely means until~Sept: UI benefits, and summer reopen, both end.

10year Breakevens are 2.5% (inflation expectations from 10yr TIPS). 30yr BE: 3%.

Firm $41B 10year bond auction, halted Bonds' rout; main 30year auction tmro.


SPY nears 50Day Moving Average. Only 5% off highs. 200DayMA is 10% lower.

P/E ratios, especially Cyclically Adjusted CAPEs, are still near record ATHs.

GeoPol risks: Middle East war potential: escalating Israeli<>Palestinian attacks.


Biggest 1year bubble: DOGEcoin ballooned 500x! to $100B, with no tech merit.

DOGE-23% BTC-17% (<50k A/H: TSLA-5% won't accept BTC for cars; but won't sell it's BTC: seems self-harming) ETH-13%; COIN-6% RIOT-11% MARA-12% SI-5%>+14%AH: to be exclusive issuer of FB's new planned Diem stablecoin. SQ-7%.


Lucira LHDX+44%: CoV PCR test. EYES+22%: Visual aid. ARRY-46% fraud suit.


Earnings Movers by impact: Tech XLK-2.8%: Coupeng KR ecommerce CPNG-2.5%. WIX-17% webhosting. APP-2%. DOX-3%. LITE-17% Lumentum fibreoptic. WISH-4%. COMP-6%. Bumble dating BMBL-6%. SONO-10%. COHR-2%. MSP-3%. Healthcare XLV-1%: ONEM-1%. AMWL+1%. Curis CRIS+65% cancer trials.

Energy XLE+0.5%, Oil+0.7, flat on weekly inventories: CPG-1%. Materials XLB-2.5%, Copper -2%, LB-1%: PAAS-4%. TRQ-2%. LGO-5%. Others: VRM-4%. IFS+8%. WWW-13%. JACK-4%: CTOS-4%. DFH-10%. GRWG-9%. BOOT-6%. PLBY-6%.

Overnight A/H, today: OPEN-13%. QS-7%. NARI-8%. LMND-19%. SLQT-20%. GO-19%. ALKT-8%. BIGC-8%. OLO-6%. KGC-4%. FUBO+10%. VZO-13%. COKE+6%.


World Stocks' Quarterly EARNINGS: May12Wed: R5 $2,100B MktCap (value):

TM) SFTBY) CPNG' ALV. Wix, Ibe. Zurn. Dte. Bayn. Mrk. Cpg. Hlag. Ntt) Ad. Edf. Plzl. Rwe. App' Dt, Lite, Dox' Wish' Wen, Dox, Bmbl' Lite, comp' cohr' vrm' sono' apg, Dwni. Alrs. asianP) oezvy. fojcy. trumy) ssody) fujiy) nexof) esaly) ssmxy) nec1) knbwy) hindA) asuuy) jbss3 suzb3 srg. trn. clldy) jxhgly) pidi) hphty) ntco3 wsp ema ccdbf paas grwg npi allk onem msp trq apg www tsem Cbk. cnp. cch. kgh. ags. ambu. bald. agn. o2d. hapv3 elet6 salm. hltoy. g24. lxs. mtlhy) stbfy) mejhy) gmoP) kt&g) smInv) scom. tui1. ast) jsl) upl) lipin) compal) sha. dlg. her. six2. pirc. var1. goco ifs jack amwl posh dfh ctos cpg boot btrs imcr ontf view ear cris ttcf plby cwyuf meg zeal stkl arco nvee lgo. sfl mnkd rna bvs radi osw kdny cir sft blbd eose rlmd mcft veru fosl

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Wed turnover leaders: $300B~ value:

TSLA, AMZN AAPL MSFT, FB GOOGL, BABA NVDA, BA, AMD, ROKU PTON NIO, PLTR, SQ, JPM AMAT, PYPL, XOM NFLX BAC HD, MU, FCX, V QCOM, TSM, INTC DIS RBLX WFC BRK.B SHOP C UBER, LRCX, WIX,,, AVGO, CVX PG WMT FUTU,, DKNG, MA UPST' GS UNH CRM CSCO JNJ ADBE FUBO/ BIDU, CMCSA, TTD SNOW, LOW, PLUG, MS PFE GM, X,, T MRK ZM, MELI, CRIS/// SNAP, TWLO, ORCL TXN, HON, CHTR BKNG, GE INTU PINS, SBUX, MRNA, COST TWTR, CAT VZKO IBM VIAC NOW, U PEP EA TGT, NKE DPZ VALE, EXPE, SLB' ABNB LMND,,, MCD DHI, AAL, ABBV CRWD, CVNA, EYES// NXPI, ADI, BMY OXY' W,, CLF, LITE,, ASML, WDAY, TMO NEE, UAL, CME LHDX// PDD F SPGI LMT JD AMGN DE NVAX, DG, BNTX, CCL, ACN MDT SCHW OCGN,, ARRY,,,, FDX, ATVI PFPT FISV UPS ANTM AMC' GILD OKTA, MRVL, ABT USB CVS UNP TMUS AXP ETSY, SHW AON DAL, LIN INFO BILI, EBAY PXD COF NLOK DASH,, RTX REGN LYFT, MDLZ LI' DOCU, TDOC, NCLH, DHR LLY ISRG, PENN,, FIS ENPH, AZN DUK CI Z, VLO. ETN NUE, MPC MMM WLTW PNC COP LEN, ON, ELTAL TEAM RH, ADP OPEN,, MARA,, SYK

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


===


May 11 Tuesday: Market Summary:

Stocks SPY-0.9%, Bonds TLT-0.6%, Emerging Mkt EEM-0.3%, Small IWM-0.4%.


JOLTs: 8.1m jobs (e7.5m). Flat $58B 3year bond auction. Druckenmiller WSJ OpEd: low rates: beware inflation. Former NY Fed head Dudley, believes Fed will have to raise rates, more than expected. Big US CPI Inflation data Weds.


Dip buying: ARKK+2%, was -5%. Semi's SMH=, from -3%, TSLA-1%, was-7%.

DOGE+8%, BTC+1%; ETH+3%; COIN+3%, RIOT=, MARA-7%, SI-2%. SQ+2%.

Broad fall: XLE-2.6%, Oil+1%. Fin XLF-1.8%. XLRE-1.2%. XLU-1.2%. XLY-1.1%.


(A $50B MktCap, 7th biggest, new Crypto began today: ICP Internet Computer. This may move towards breaking the dominance of any one cyptocurrency. Most have asymptotically limited supply. But if a stream of ever better new coins is seen, investors may realize there is effectively infinite oversupply overall.

If bubble delusions finally melt in crypto, the biggest craziest bull market ever, this likely impacts futuristic-value tech stocks too: overlapping ownership.

Periphery markets, can be froth indicators (for core markets): Eg Crypto/NFTs, SPACs, ARKK, meme stocks; thin key comods like lumber, palladium, biofuels)


Earnings Movers by impact: Tech XLK-0.3%: Palantir PLTR+9%, PSFE-12%, PLTK-3%, NOVT+4%, IGT+17% MIME+7%, JMIA+8%, PAR-9%, IMOS-5%. A/H: Electronic Arts EA=> +2%, U+4%> +1%, QS-4%> +4%, OLO-4%> +9%, VZIO+3%> -6%.

Healthcare XLV-1%: RPRX=, PRGO+3%, BEAM+3%, BLI-5%, MYOV+8%, HRMY+3%, NNOX-19%; A/H: NARI+3> +4%, SGFY+6%> -4%, SNDL+1%> +7%. SNDX+3%> +6%.

Others: TDG=, AEE-3%, ARMK-2%. HBI-12%, KRNT+3%, CGAU+11%, FOE+24%.

A/H: DAR-2%. OPEN+4%. KGC-1%. UPST+1%. CHK-1%. LMND+4%. FUBO+8%.

Overnight After Hours, today: Roblox RBLX+21%. SPG-3%. OXY-8%. NLOK+11%. Novovax NVAX-14%. Virgin Galactic SPCE+1%, was -20%. ELY+13%. SWAV+18%. HALO-7%. HHC-5%. SGMS+7%. EVBG+7%. Raxspace RXT-21%. DDD+35%.


World Stocks' Quarterly EARNINGS: May11Tue: R4 $1,000B MktCap (value):

EA' PLTR Plug Tdg, U' Qs' Dkily) Tak) Bpac3 Kbc. Alo. Eoan. Rprx. Nsany) bsy, dar' pltk, psfe, hbi, open' upst armk, upst' ocft' Jmia, Fubo' sndl' kgc' tmxxf' ccep. Hot. Tka. utdi. mrw. leg. mb. bmed. bc8. g1a. dri. globalW) pegat) ncbdf) shcay) wn lmnd nari chk novt hli lpro slqt sdgr sgfy krnt beam igt go jamf alkt arry bigc mac bli mime coke hbm semr vzio or cgau bgs myov cnr foe par atz roth. hrmy prld hyln kron tgh imos nnox exk prta ghld pcvx olma vitl tsha sndx xene repx abst oxlc allt newt rada vec

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Tue turnover leaders: $300B~ value:

TSLA AAPL AMZN MSFT FB PLTR NVDA NIO AMD GOOGL BA GOOG BABA SQ JPM RBLX ROKU PTON PYPL NFLX SHOP XOM INTC PLUG DIS BRK.B TTD AMAT MU HD FCX BAC V C BIDU QCOM PG DDD WFC JNJ CVX UBER GS CRM DKNG MRNA GM NOW UNH WMT ZM PFE ABNB NVAX LRCX MA SNAP TSM X ADBE NKE FUTU T CSCO VZ IBM PXD ORCL SNOW PINS MELI VALE CRWD TWLO BKNG TDOC BNTX LOW MRK GE CMCSA TWTR SBUX MS TXN PFPT AAL UAL AVGO NEE VIAC HON PDD PEP JD CAT OXY UFS DOCU TMO CCL SPGI FISV MCD KO COST U ADI SPG TGT EB AY GME ETSY EXPE COF CVS ABBV FDX UPS F OCGN CLF ABT SPCE DAL ATVI BMY DE MARA AXP RIOT OKTA NXPI EA AMGN CB JCI SPOT SLB KR PENN RTX ASML CVNA JMIA PNC FUBO RH DXCM COP AEP LMT NUE MMM W BYND NCLH TEAM CME AMC EL CMG LINZ FSLY RNG MDLZ WYNN CTSH ZS UNP ENPH CSX ALGN DUK BSX STX CHTR MAR NUAN ACN AMT TLRY MDT LB TMUS NEM GILD FOE DG XPEV RUN ON AON CL SWKS USB INFO EOG ALXN


===


May 10 Monday: Market Summary:

Stocks SPY-1%, Bonds TLT-1%, Emerging Mkt EEM-1.8%, Small IWM-2.5%.


Copper-0.5%, was +3%. Lumber-3% limit, briefly was +3%, after weeks of mostly +3% limit-up days. (Very thin market, even more due to frequent limits at these elevated prices; it's main price action is mostly soon after 9ET regular day open).

Iron Ore+3%, also reversed sharply lower from early +8% from Asian time.


Oil= was flat, despite Colonial Pipeline in emergency shutdown (due to a RU connected cyber attack by "Darkside", who apologised: they want more subtle big ransom op's). It is #1 in US, supplying nearly half of East coast oil. XLE=, XLF=.


Bonds tried a bounce, but sank to new lows, hurting Techs QQQ-2.7% (Nasdaq NDX100 closely tracks XLK Tech sector; distant cash flow value falls with bonds).


Musk hosting SNL Sat. Nite Live, was a meme sentiment climax, as we suggested here: DOGE-28%, BTC-5%; ETH+13%; COIN+11% (hot ETH, DOGE; RobinHood outage, Binance withdrawal curb); RIOT-18%, MARA-11%, SI-6%. SQ-7% TSLA-6%.


Defensives stayed firm: Utilites XLU+1%, Property XLRE+0.5%, Staples XLP +0.7%.


Tonight: CN census data (decennial; delayed; births fall); AU annual gov't budget.


Earnings Movers by impact: Tech XLK-2.6%: TradeDesk TTD-26%, MGNI-20%: both AdTech, led the overvalued-growth selloff; RBLX-6%, AFRM-6%, BRKS-10%, WB+2%, NUAN=, NLOK=, JCOM-2%, G=, EVBG-3%, APPF-2%, MARA-11%, VLDR-4%, EGHT-3%, SAIL-3%, RXT+1%, DDD-8%, MODN-5%, VUZI-8%, CEVA-19%.

Healthcare XLV+0.1%: Biontech BNTX+10% expects not to need to update their Vax for existing variants, NovoVax NVAX-9%, VTRS+7%, ZLAV-5%, OSH-2%, MRVI-5%, HALO-3%, TGTX-6%, ALLK-6%, SWAV-9%, VCYT-5%, SDC-5%, KOD-13%, NSTG-12%, ORGO-9%, SEER-14%, HRTX+6%, CSTL-11%, IMGN-11%.

Others: Marriot MAR-4%, but Simon Property SPG+1%; SPCE-8%, COTY-13%, OXY-3%, APD+1%, DUK+3%, IFF-3%, J+2%, ES+2%, TREX-1%, UWMC-3%, WES+4%, ACM-1%, WYNN=, USFD-3%, VOYA-2%, ELY-4%, CNNE-3%, BALY-5%, SCPL-13%, REAL-11%, XPEL+8%, Workhorse WKHS-15%, CCO-14%, KOS-10%, PRTY+11%.


World Stocks' Quarterly EARNINGS: May10Mon: R5 $1,200B MktCap (value):

BNTX, RBLX' APD, SPG' MAR, TTD, DUK, SPCE' Oxy' Tsn, J, Iff' Vtrs, Zlab, Wynn' Nuan' Nvax' Wb, Curlf, Afrm' Itocy) Pcrfy) Nlok' coty, es, trex' voya' acm' uwmc' usfd, wes' g' osh' tsp' au gwph rxt' afx. ebk. 8tra. smmyy) mhvyf) ncSo) brks halo rba hhc chh sgms ely jcom mgni bch itsa4 nvei tgtx swav bhvn appf tgna evbg sail bhf gtes ftt mrvi adv enr sum cnne innv crnc nhi stay Mara Wkhs Vldr shmuy) rohcy) wanHa) sphxf ino sdc eght psec vcyt nstg nni itci orgo noah rckt gbdc baly ddd swch rvmd fsk hlio yala fold ipar seer ruby real fgen axsm scpl par rvnc fgen xpel spnt cstl krys imgn dac modn brmk qure modn snex rdnt vuzi fsm acel atri mx omer dbd kos dac plrx cco mrsn prty iiiv onst algs ceva aegn nwli mgic scsc capl btai prts arct geo lotz vff rmni cara clar dms nssc xent pros rev mux mbi apei gsl stxs nls apts egrx fph avdl akba cpsi plse cps fbrx sesn bhv kndi mtrx rlgt whf mhld amr blu strs fll iii

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Mon turnover leaders: $300B~ value:

TSLA AMZN AAPL FB MSFT TTD NVDA BABA GOOGL BA AMD PTON NIO GOOG SQ ROKU QCOM NFLX FCX JPM V PYPL MU XOM PDD INTC PLTR DKNG BAC HD BIDU DIS SHOP CVX C BNTX JNJ MRNA ORCL X TSM VZ T BRK.B WFC AMAT UBER CSCO GS WMT SNAP PFE PG OCGN JD MA CRM CMCSA AVGO SNOW UNH PINS LRCX AMGN TWLO IBM W NOW LOW ADBE VALE CAT TWTR MELI GE NVAX BKNG ABNB KO ETSY DUK GM TXN ABBV MRK MS TDOC EXPE PLUG CRWD PFPT NKE PEP UPS RTX COST QRVO CLF VIAC CHTR ZM FUTU AAL EBAY TMUS TMO BYND GME CVS CI BMY MMM TGT SBUX SPG CVNA DE NEM ADI LMT NUE F SWKS UAL BILI GILD MAR ATVI ASML HON NXPI FDX SLB LEDS AMT REGN DHR RBLX COF SPGI OXY VIPS LIN RNG COP BBY ADP U MDT MCD ALGN MARA AA CCL AXP RIOT KLAC TME ACN EOG GOLD ABT NEE BEKE BDX TLRY AZN VTRS DOCU PENN EA PM LLY NET SHW USB SPOT ISRG MOPXD UNP MPC DAL AON PTIX HUBS ALXN SCHW RIO STX CNC AMC MRVL PNC PODD FSLY MDLZ ANTM PRPO CERN


===


May 7 Friday: Market Summary:

Stocks SPY+0.8%, Bonds TLT-0.6%, Emerging Mkt EEM+1%, Small IWM+1.2%.


NFP Jobs shock: +265k, expected 1m; Bonds spiked +1.5%, then sank, with Wages +0.7%, e0=; both monetary and fiscal stimulus less likely to taper anytime soon.

Markets also look towards extended UI jobless benefits, ending in September.


ECB member Kazaks said QE may be cut in June. IT,SP bonds fall, since March.


Overnight strong CN PMI data, was offset by more hawkish US-CN rhetoric.


Techs recovered losses; value and commod's melt up: Copper+3%, Lumber +3%.


Sentiment: ARK's Wood talked cheerily on CNBC. Musk hosts SNL tomorrow.


Earnings Movers by ~impact: Healthcare XLV+0.7%: ELAN+6%, CI+2%, MODV+7%, AVNS-4%, MD+20%, AMRX-10%, Ocugen OCGN-4%, Cronos CRON+1%.

Tech XLK+0.9%, XLC+0.8%: LBRDA+3%, VTR+2%, QRTEA+15%, AXL+7%, PAYA-4%, TIXT+3%, TU+1%, LSXMA=, CLGX=. Energy XLE+1.8%, Oil=: ENB=, TRP=, CCJ+11%, CVE-1%, ERF+6%, STNG+9%, NOG+9%, GLP-7%.

Consumer Cyclicals XLY+1.6%: Draft Kings DKNG-7%. Nikola NKLA+13%, LEA+2%, QRTEA+16%, JOUT-2%. Utilities XLU+0.3%: NFE+4%, HE+4%, SR-1%.

Others: Cinemark CNK+5%, AMCX+4%, Icahn IEP+3%. SPB+3%, IBP-8%, GVA-7%, SSP-5%, ATH+2%, BPY+1%. ITT+1%. WFG=.

Overnight A/H, today: SQ+4%. ROKU+11%. EOG+8%. CVNA-6%. APTV+5%. MSI+6%. W+7%. MCK+7%. ET+7%. EXPE+5%. DDOG+8%. IAC+5%. LYV+6%. NWSA+5%. HWM+4%. TPL+9%. TPR+5%. BLL+18%, BYND-7%, IIVI+6%, APPN-11%, TWST+12%, QDEL+11%, TDC-16%, RVLV+12%, SHAK-15%, FROG-15%%, CARG+14%, IHRT+14%, RETA-9%.


Earnings flood (see daily stock value totals) starts to thin, over the next 2 weeks:


World Stocks' Quarterly EARNINGS: May7Fri: R5 $1,600B MarketCap (value):

SIE. CI, BMW. CRARY. HDB) MQBky) OCBC) UOB) ENB, TRP, VTR, Nkla, Mara, Ads. Lbrdk, Tu, Iep, Elan, Kao) Gmg) Clnx. Icagy. Rea) Ocpny) UltraC) Npscy) Ssumy) Ath, Lea, Fwonk, itt, tixt, Cron, Dkng, Ocgn, Amcx, Cnk, Pszky. Otp. hrnnf, ncSo) japsy) ccj, nfe, esnt, he, qrtea, ibp, unvr' acdvf) mnbey) asgly) ptgcf) yangMi) innolu) jfeef) sr spb flr, md, gsbd, li. sggkf) bkahf) gebhy) ricoy) rbi. inxsf) farEN) osagy. akaaf. dnopy. jun3. bzzuy. brthy) rgedf. waf. apemy. mgyoy. alpa4 jttry) u14) avns modv paya gva npo ssp road jout mmi lxp abr svc epix batrk krn. isctr. petkm. eao. sbs. sii axl nhc mrsn rdus ruth nog glp vivo amrx tile kop gato aud rmr dxpe gci ff tgls dske plym clmt cio anip ltrpa sify cnty zeus ds ttsh plxp imux eigr galt adma

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Fri turnover leaders: $250B~ value:

TSLA AMZN AAPL MSFT ROKU PTON FB SQ GOOGL NVDA BA AMD GOOG PYPL BABA JPM DKNG XOM NIO MRNA BRK.B SHOP BAC OCGN NFLX NKE FCX BIDU AMT PFE UBER CSCO C DIS GS PLTR CRM SNOW TLRY WFC TWTR INTC ORCL CVX TSM MA MU SNAP WMT EXPE ABNB CMCSA V BYND IBM RHE HD VIAC AMAT ETSY NOW TWLO MELI QCOM T PINS VZ MRK GM BKNG JNJ TXN CVNA MS PGWX CNC TMUS BNTX CAT ADBE ABBV UNH LOW VALE TTD FUTU ZM GE AAL COST CVS PODD TDOC DHR TMO NXPI LRCX UAL DOCU AMGN DE ATVI EBAY BDX PEP EOG CRWD BILL JD HUBS KO GOLD UPS FDX LIN SBUX NUAN COP MNST NEM DDOG FSLY CLF CCL NCLH CB AVGO SLB RTX DAL NET BMY KSU PLUG Z CHTR LLY TGT MPC MDT F LB ABT OXY PFPT RKT UNP LMT GME FIS TJX CI DUK FISV ET HON SCHW NVAX RNG MAR CCXI STX RUN ADI AON ISRG NEE ENPH ALGN SPGI AXP PDD PENN ACN SKLZ CTSH JAZZ USB BKR COF LYFT NUE GILD INTU NOK MCK ADP ASML MMM JCI CCI EL MDLZ MCHP RIOT MARA AMC DOW


===


May 6 Thursday: Market Summary:

Stocks SPY+0.8%, Bonds TLT+0.1%, Emerging Mkt EEM+1%, Small IWM+0.1%.


Weekly Jobless fell below 500k, a pandemic low (530k expected) ahead of Friday NFP Jobs, e980k. Wages fell -0.3%/yr (expected -1.6%); Productivity +5.4%/y (e5%).


Fed's Financial Stability Report, sees asset price and hedge fund position risks.


GBP=: In it's monthly rate decision, the BoE spread existing QE over a longer period (buys £3.2B/wk, was £4.4B; unti Dec, was Oct), denying it was a taper.


Frothier market segments are correcting: ARKK, SPAK, meme, crypto. Rotation to value continues (helped by inflation): causing Dow DIA+1% to push new highs.

Crypto cool: BTC-2%, ETH-1%, DOGE-10: COIN-6%, RIOT-9%, MARA-6%, SI-7%. Meme stocks cool too: GME+1%, AMC-2%, BB-1%, OCGN-12%, MVIS-4%.


IBM+1% has made the first 2nm chip: fingernail size, with 50B transistors.

TSLA-1% has very strong demand, all sold out this quarter. Baillie Gifford funds cut stakes by 40% in Q1 (13-F). NCLH-7% says it can't launch US cruises by July.


Earnings Movers: Healthcare XLV+0.2% (bounced on DE's Merkel rejecting giving away vax IP): ZTS-4% (livestock health spinoff from PFE), MRNA-1.5% (announced booster vax for BR, ZA variants), BDX-4%, REGN+3%, MCK-2%, CAH-7%, PODD-4%, MTD=, GH-4%, TECH-1%, XRAY=, NTRA-8%, MRTX-12%, EXEL-3%, XLRN=, VIR-4%, TWST-5%, SEM+2%, NTLA-7%, CERT-6%, PGNY-2%, QDEL-4%, IOVA-2%, AMN+6%, INSM+6%, OPCH-5%, KRTX+4%, AHCO-12%, BCRX+20% (rare disease drug sales growth), PBH+6%, HCAT-6%, CVET-2% HSKA+8%, FLGT+2%, CTRE+2%, AXNX-1%, IRWD-3%, DRNA-6%, JYNT-10%.

Tech XLK+1.6%, XLC+1.2%: FIS+2%. CVNA+3%. W+6%. EPAM-1, DDOG-7, CGNX-1, BKI+4, AVLR-5%, BILL-6%, OLED=, APPN-3%, ANGI-3%, FOUR-12%, IIVI-7%, VNT+4%, TDC-1%, DOCN-6%, RPD-4%, FROG-3%, RVLV-2%, NSIT-6%,AVYA-12%.

Energy XLE+0.5%: CNQ+3%, ET+3%, PBA+1%, TPL-5%, MP-7%, HL+16%, SSRM+8%.

Materials XLB+0.7%: LIN-2%. MT+5%, WPM+3%, KL+3%, AMRS-16%, MTX+2%.

Others: BUD-6%. MNST+1%. AIG+3%. BLL-2%. MGA+2%. K+7%. AES-4%%. LYV-5%. PENN-8%. TPR-3%. IRM+8%. BLDR+6%. NCLH-7%. NLSN+2%. HII+3%. AXON-7%. TMX-4%. WCC+9%. EXPI-9%. KTB+5%. PFSI-4%. PZZA+7%. WD-11%. SBH+20%. NMRK+11%. EPC+9%. SNCY-7%. VGR+5%. CLNE-7%. GOGO+8%.

After Hours: ROKU-7%,+9%AH. SQ-3%,+2%AH. MCHP+1%,+4%AH. EOG=,+4%AH. AIG+3%,-2%AH. PTON+1%,+6%AH. EXPE-4%,+5%AH. NET-13%,+8%AH. BYND-2%,-7%AH. VIAC-2%,=AH. IAC-1%,+2%AH. MSI+1%,+3%AH. NWSA=,+3%AH.

Overnight A/H, today: UBER-9%. PYPL+2%. BKNG-2.5% TWLO-9%. ETSY-15%. CTSH-8%. RKT-17%. FSLY-27%. ALB-9%. ANSS-6%. TXG-21%. RUN+12%. ZNGA+6%. LUNM5%. BFAM-7%. RDFN-16%. CCMP-11%. LOPE-16%. GKOS-9%.


World Stocks' Quarterly EARNINGS: May6Thu: R8 $3,500B MktCap (value):

SQ' MRNA, ZTS, VOW3. LIN. BUD. FIS, BDX, REGN, ROKU' MT. AIG' EOG' MCHP' MSI' EXPE' VIAC, PTON' MNST' NET' IAC' UCG. CABK. Nilsy. Zal. Gle. Hei. Mp' Ddog' Epam, Mck' Mtd' Bll, W, Evk. Eslf. Enel. Hen3. Ntdoy) Nab) Lr. Ing. Muv3. Aptv. Cnq, Mga, Nwsa' Wpm' All, Ed' Et' Fms. Cvna' Ppl, K, Lyv' Dbx' BYND'\ Tech, Xray, Cah, Pba' B3sa3 Ambev3 Cqp Ppod Aes Pwr Amh Tpr Cgnx Hwm Penn, Bip Evrg Fer. Nxt. Gblb. Colo. Ho. Kfh. Vedl) Bdev. Sbsw. Maruy) gxyyy) kykof) irm nclh reg gh lnt cnp otex bki un01. mndi. fnd bill avlr oled cabo bldr midd tpl fnf ver cold kl wfg y pcty nlsn stor axon aqn raa. rec. tlx. gn. scha. ake. esun) novatek) ana. rrtl. gfi. aibg. ntra bap\ Amc' Trip' Cwk rp hii nrg trgp mtz mrtx flir bld exel xlrn post angi stwd rga fvrr appn iivi plnt foxf bl hta tmx mms vir cdk al tdc vnt twst pk nomd sem four jobs syna nfg pgny ntla altr cert qdel wwc docn appf icui iova expi adnt ftdr msg kwr aciw rezi seas rpd shak frog hain ay njr becn amn ago rvlv env amrs ktb ale nsit stmp wd peo. icl. dln. af. adaniP) aaon hl comm nktr clny swx lnr fr ssrm pfsi aple opch golf ahco reta vg insm diod wbt pzza sfm sun tds prlb den yelp cwen carg mur csod mtx spxc ths bcc ihrt unit tse focs main cnce avya. nvmi ufs svmk axnx hcat laur sncy sbh pbh xhr irtc drrna sats epc himx idcc bke flgt clne vsto gtn vgr gsat eb nmrk dlx hska core ntct bv vctr bcrx praa sumo tpic oust irwd gnl drh ctre mfa bwmx gpro grpn kura adct cytk uis csii frg atec cmbm tvtx acmr usph oec cdxs endp hmpt evop cnxn ymab bkd sxi erii shyf hmhc trhc oksl agm karo uscr gogo chrs gden pahc dvac rc bfs brbr stng zgnx umh cris chuy cars ntus ten amph oprx prdo wrld tcx pae fnko jynt adap mye ueic coll vray gdyn mnrl epzm cmrx ctlp aldx rmax twi bbdc lxrx bxg lqdt agen hci ziop avd atrs ecom icpt cara loco xxii crai cdxc egle tmst anik albo cplg vntr mirm ctt gts siga ctmx glog atro insw dmlp srlp txmd cps sppi wldn true oyst infu gern ater rgs atnx scor natr pybi este spro gwrs fldm autl athx itic syrs inve nnbr ags ajx gpx immr chma airg lee sic

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Thur turnover leaders: $250B~ value:

TSLA AMZN AAPL MSFT FB MRNA PYPL PTON UBER,, SQ, AMD ROKU, GOOGL NVDA BABA BA NIO ETSY,, GOOG SHOP JPM PFE TWLO,, NFLX PLTR, BRK.B VIAC BNTX SNOW, XOM BAC LEDS/// WFC BIDU PINS, C MELI, INTC MA CSCO V DKNG,, FSLY,,, SNAP PG ABNB, AMT UNH DIS W' ADBE HD GM MU QCOM CRM TMUS' ORCL GS IBM CAT NVAX NOW FCX TWTR CVX MS NCLH, PLUG, COST TSM ZM BKNG UPS AMAT MRK TLOW JNJ CRWD, CVNA, VALE' DOCU PENN,, VZ K' TXN GE CTSH,, GOLD OCGN,, FDX CVS DE TDOC, REGN WMT LIN ATVI CMCSA LYFT, ADI LRCX HUBS TMO BMY RUN/ RKT,, AMGN NET,, NKE TTD, BDX, ABBV FIS CCL Z PEP RNG,, RCM KO ENPH, SPGI JD EXPE, FUTU, AVGO LLY PM CLF F PDD OKTA, PFPT NEM BYND COF MDT UAL AAL ACN JMIA COP NXPI ZTS NEE X ABT TXG,,, GILD FISV RIOT,, ASO ANTM XPEV, DDOG, HOME// TLRY,, GIS MGM, TGT GME SBUX U, HON SLB DHR EBAY RCL MPC SKLZ CI AXP MARA, NUE DAL MCD LVS, UNP SPOT TJX LMT RTX ALGN AES, FOUR,, CMG CAH, EMR TBBK MO ASML NOC KR MDLZ ALB,, RBLX CBCCI OXY

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%////  v3%, v8%,, v18%,,, v35%,,,,


===


May 5 Wednesday: Market Summary:

Stocks SPY+0.2%, Bonds TLT+0.2%, Emerging Mkt EEM+0.5%, Small IWM-0.4%.


Weak ADP jobs (a sign for Friday's NFP Jobs) and ISM Services hit techs, but cyclicals keep rising: Materials XLB+1.3%, Financials XLF+0.2%. US Quarterly Treasury Refunding announcement (all bond auction sizes) came in as expected.


Rotating hits on market sectors in sequence, often dent overall assets very little.


Richly valued Techs are slipping back, despite blowout earnings: rate rises hurt.


VNQ-1.5% REITs: rate-proxy sectors weak, on rate rise fears, via Yellen.


Biotech IBB-1.3%: US backs vax IP waiver. Big disincentive, and key tech loss.


Dow DIA+0.2% made new highs again. FTSE+1.5% similarly benefits more from a higher cylical weighting (and early UK reopen, on May 17.) Thursday's UK regional elections may help Scottish independence parties; also BoE decision.


A G7 statement urged China (CN) to follow it's global agreements (TW/WHO; trade practices; Uighurs). CN's NDRC has suspended trade dialogues with AU.


FB-1%: Facebook's independent oversight board kept up the Trump ban, for inciting violence with disinfo; and demanded clear rules.


Trump has just set up his website, for a 2024 Presidential run.


LYFT-6% beat but gig workers reclassifed as employees: hit DASH-5%, UBER too.


Peleton PTON-14%: treadmill recall, after a child's fatal accident, and reopening.


CME-1% will close all floor pits, except STIR Eurodollar options.


HNST+44%: $2B MktCap IPO of Jessica Alba's baby/beauty Honest Company.


BTC+4%, ETH+8%: COIN-3%, RIOT-3%, MARA-1%, SI+2%. SQ+2%. TSLA=.


DOGEcoin+16% (#4 Crypto) seems the biggest meme-bubble ever: a crazy-spec indicator. Musk (pumps DOGE) hosting SNL this weekend, may lead to a climax.


A PolkaDOT (#7 Crypto) Closed End Fund is likely to be listing soon.


Earnings Movers: GM+4%. HLT-4%. CNHI+4%. ALB+3%. SMG+6%. FMC+2%. TT+2%. RUN-4%. NYT-4%. RDFN-5%. SPR-5%. PSN-4%. BBU+7%. DNB-5%. HAYW+24% Hayward pool equipment. Office Depot ODP+9%, also spinoff.

Energy XLE+1.6%: (FundStrat's pick; Oil= on inventories) MPC+3%, XEC+5%,-6% AH, HFC-4%. Utilities XLU-1.7%: EXC-3%, PEG-3%, SRE-2%; CLH+6% waste.

Healthcare XLV+0.2%: ABC-6%, WAT+3%, IONS-5%, NEO-12%, TNDM-3%.

Tech XLK-0.3%: CDW-3%, FICO-2%, FLEX+4%, CYBR-12%, AEIS-9%, EAF-9%.

After Hours: UBER-4%,-4%AH. PYPL-1%,+4%AH. BKNG-2%,=AH. TWLO-2%,-5%AH. ETSY-2%,-9%AH. CTSH=, -6%AH. BE-6%,+3%AH. QTWO-2%,+5%AH.

A/H from Overnight: TMUS+4% ATVI+1%. MTCH+4%. DVN+8%. CZR+8%


World Stocks' Quarterly EARNINGS: May5Wed: R10 $3,200B MktCap (value):

PYPL' UBER' BKNG' TWLO' GM, MELI' ETSY' CTSH' NVO. MAERSK. ISP. EXC, ABX, ALB' FOX' HLT, Abc, Rsg' Tt, Cnhi, Mpc' Dpw. Anz) Mfc' Peg, Met' Emr, Anss' Cnswf' Slf' Cdw, Flt' Txg' Hubs' Hznp, Trmb' Wat, Cern, Fmc' Smg, Znga' Fnv' Ugi' Sampo. Wkl. Gmab. Dsm. Ele. Stla. Sre Wrk Lbtya Fico Eqh Lumn Gddy Cday Ato Bfam Bwa Dnb Ni Nbix Nyt Jll Fsly Gwo bdwby)fts wtrg lblcf mdu rdfn xec tou enr. hnr1. vie. solb. saga. itv. adaniE) ambuja) cpin) bbu lhcg reyn pri ions srpt hfc eqt qtwo nrvo Be Spwr gil bsmx bak flex site vst rgld vac fate pfg nvst run adt pfg frt staa tndm neo cw cybr mtg ccmp adpt ryn unm lnc pnw gfl lesl orcc src boo. bdwby) robor) saga. dcp stn nrz lope clh spr algm hayw psn seb trno hr arx allo rcii aeis ora arna cdna sbra qlys doc nuva pdce tptx cpa eaf aqua klic ktos inmd ava ghc cybg. hsx. bos. toy epr enbl lila rkt band cim rock acad brlxf kw flow fun srgy cent vcel root noos omi om sji accd mfi trkny. rlj gbt gdot xncr sbgi hubg edit simo crto odp ptve two mgy aaww blue ttgt alg qtrx evh ping ww prim aste whd skt cpe plmr nwn din esta ssys nblx mgpi ameh dpm dac ocul ecpg saft rdwr nmf plya tvty rgr tup dnow petq gel kids knsa bcsf smp dhc avid cxw hngr pasg parr talo gprk psnl np vnda aegn hcc gthx tpc mtw insg adtn aeri slrc axgn ufcs ll aosl vrtv bcor gnk osur rmni ryi sva mcs isee dgii blx imxi rigl bbsi cste sb pnnt arlo pkoh zixi kala hear mlr lpi ccrn amot snr vapo clw ke notv

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Wed turnover leaders: $250B~ value:

TSLA AMZN AAPL PTON,, MSFT FB NVDA AMD MRNA, BA GOOGL GOOG PFE UBER, BABA PYPL BNTX, NFLX RHE/// SQ BAC GM' V SHOP NVAX, LYFT, INTC UNH BIDU ATVI TMUS' MU ROKU, VIAC ADBE JPM HD XOM AMAT TXN BKNG OCGN,, SNAP, ATNX// VZ QCOM CMCSA CSCO GS AVGO TWTR MDT MRK CRM NIO CVS WFC C Z, COST ETSY PEP NXPI WMT MA AMGN TMO LOW JNJ PINS PLTR ZM EL ADI TWLO ABBV CVX MTCH FCX' PG NEE NMRD/// NOW DOCU, IBM BRK.B PLUG AMT GE DIS CLF COP' SLB' CCL CZR' UNP ORCL LRCX DE T RNG PFPT SCHW UAL DKNG ABNB, BMY AAL ASML MELI TDOC ABT NOC UPS EOG SBUX NET CAT DVN SKLZ,, FDX DOW MDLZ W NKE LUV FISV ADP LLY ACN OXY' NUAN TGT AXP BP REGN MS DUK MARA X, LIN MPC' ISRG ANTM ABC DAL CHTR ENPH NUE F MCD TSM GILD RIOT USB HLT SPGI EBAY INTU JD VRSK,, CRWD PXD GME SNOW COF PENN AIG BDX CERN KLAC EQIX CHMA// CVNA, NCLH NYT BKR EXC FANG CI ETN MRCY,,, MET CTSH AZN IT RTX MVIS, SWKS FUTU SEDG PM TJX FIS DHR EMR LMT AON MMM CNC RUN, TTD, PRPO,

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


====


May 4 Tuesday: Market Summary:

S&P SPY-0.7%, Bonds TLT+0.7%, Smallcaps IWM-1.2%, EEM-1.1% EMs weak.


CN, JP on holiday. Infineon IFX-6% (missed earnings, on auto chip shortages) led DAX-3%; also dragged by general China/Taiwan fears. Greens' candidate for Chancellor, Baerbock, has the best ratings for replacing Merkel. This means tougher DE responses to CN on human rights, which can hurt DE supply chains.


US Tech XLK-1.8%: AAPL-3.5% on a MS note. But supercap Dow DIA= climaxed and bounced all 1% early loss, after Yellen's suggestion (softened later) that small rate hikes could tame inflation: as Financials XLF+0.8% benefit from rate rises.


AMZN-2%: Amazon's streaming video, with ads, now reaches 120m viewers.


Microsoft MSFT-2%: Bill and Melinda Gates announce a divorce. No preNup.


SDC-19%: SmileDirect (braces) disclosed a cybersecurity attack weeks ago.


BTC-6%, ETH-1% ($3,500 high, on Fintech/ Smart Contract / NFT edges); SQ-5%, COIN-5%, RIOT-6%. TSLA-2% (still the core meme-linked boom stock).


Oil+3%, yet Energy sector stocks flat XLE=. Grains boom on CN demand, BZ drought, Biden's biofuel. Lumber has hit limit up most days in the recent boom.


Earnings Movers: Healthcare XLV=flat, yet CVS+4%, IDXX-4%, CTLT-7%, INCY-5%, HSIC+8% BHC-11%, RGEN-6%, RCM-12%. Thomson TRI+3%. Ferrari RACE-6%. SEDG-15% solar. CWH+10% RVs. MRCY-7%. WMG-6%. SEE+9%.

Materials XLB+1%: VMC+5%, MLM+5%, DD+%2%, AMCR+5%, LPX+7%, ARNC+19%.

Tech: RNG-6%, PAYC-6%, XYL+4%, MPWR-5%, IPGP-10%, ZBRA-2%, SABR-14%, IT+14%. After Hours bounces: T-Mobile TMUS-2%, +3% AH. Match MTCH-6%, +6% AH. LYFT-2%, +4% AH. Zillow Z+3%, +5% AH. Activision ATVI-3%, +5% AH.


World Stocks' Quarterly EARNINGS: May4Tue: R10 $3,300B MktCap (value):

PFE, TMUS' ATVI' IFX. Z' MTCH' CVS, GPN, COP, TRI, AXA. IDXX, KKR, XLNX' RNG' D, DD, LYFT' Syy, Pru' Pxd' Ctva' Vrsk' Zbra, Etn, Cmi, Zbh, Mpc, Anet' Ame, Vmc, Mlm, Payc' Exas' Xyl, Lng, Ctlt, Incy, Expd, Akam' It, Crl, BEN, Mplx, Czr' Apo, Vna. Alc. Eco' Telny. Gebn. Bharti) Cht) Tlk) AdaniP) Atgl) Amcr) Aden. Dvn' Br, Mpwr' Ldos, Pki' Bg, Hst' Rgen, Bhc, Ipgp, pen hsic dlb uaa see afg aiz jazz bery peak h wu iaa hfg. grf. cpr. demant. pndora. saudMi. lpx/ lamr nnn lsi rare rcm gmed cohr ingr nxst nvta insp cour stag dei upwk hlf ayx ttec rdn lgih sage wk alrm bkh pinc cdlx atc mrcy mcfe hasi wts lanc rhp jbgs arnc sign. orp. tmv. sjmhf. froto. twMob) algt lciii viav hi lpsn virt out kiimant mcy spt cvlt nsa door vsh crsr wtm etrn eqc kxs bnl mic ptct ese med pcrx dcph amrc cwh sklz rrr cyrx rpai fss iosp cmp hep nmih silk epay ns gluu kai gcp arcb infn pro dk cpk kar mcrb smci dkl mbu syke gnmk toi stlc pvb eqb ero dea spns sitm icfi lung hmn syx sgmo amk tslx lnth ichr ingn wdr tnc hsc kamn usac acls grbk crk hy nrc tbph hurn denn atra cdev veco pump gldd dht ospn inn chct cers ande wlkp vrex utl ahh tmdx nex espr fi xent hcci veri dco glt kopn trtx cldt ryam peri scu gilt kbal pvac bry bxc wti jnce bnft wttr acre rm drrx bgfv rcky

-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments


Tue turnover leaders: $300B~ value:

TSLA AMZN AAPL, MSFT FB NVDA, GOOGL AMD BA GOOG BABA NIO, MRNA, SHOP PYPL, SNAP, BAC NFLX BNTX,, PFE SQ, JPM INTC AMAT, JNJ C BIDU T TWTR QCOM CVS' MU CRM CMCSA XOM PLTR V COCP// PINS ATVI COIN UNH HD DIS PG VZ BRK.B MA ADBE X' UPS GM, PRPO' ROKU, ORCL WFC NOW BLRX// TWLO, NVAX, ZM OCGN,,, PFPT TSM PLUG ABT MVIS/ AVGO FCX UBER, GE DKNG GS EL' TDOC, SEDG,, LRCX PEP DOCU, ASML, CAT TXN CLF/ ABBV IBM CVX CSCO CCL WMT PTON FISV AMGN MDT NXPI CRWD ENPH LOW VIAC F BKNG NKE LYFT COST Z TMO ABNB OKTA RTX SCHW AAL KO MRK FDX MS UAL, SBUX LLY NEE SPGI BMY CCXI,, COP JD MELI MTCH, ETSY DAL,, GILD LIN GME COF DE ALGN HON TMUS UNP VXRT/ IT/ SPOT, WYNN, MCD VALE NCLH ADI LMT SNOW SWKS RIOT, EBAY CHTR VIPS, ISRG MDLZ SKLZ FUTU, CCI ETN RNG, W PNC ACN STX, NUAN ANTM TEAM PENN WD AY DHR XLNX PDD PM ALXN TFC PPD KLAC DOW CI FIS INTU, MARA, EQIX USB CVNA HUM AXP TGT SHW MO NUE' BYND NET, AMT PH BTX,, CHGG MRVL WDC, CZR ADP RUN, AZN

-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,


====


May 3 Monday: Market Summary:

Stocks SPY+0.2%, Bonds TLT+0.2%: Very weak ISM Manufacturing (60.7 vs e65, 10ET) spiked Bonds to +0.7%. Prices (raw materials) jumped to the highest level since 2008. Also the Senior Loan Officer Survey (SLOOS, at 14ET) showed weak loan demand in Q1. NYC reopens on May 19; and May 7 in UK: today was a subdued Bank Holiday. CN, JP off too. EMs flat: EEM=. Smallcaps IWM+0.5%.


Communication Services XLC-0.6%, Healthcare XLV+1%, Materials XLB+1.5%.


AAPL+1%. has another lawsuit, from Epic Games, the Fortnite creator, about lowering fees. It is also being sued by SPOT, FB and TheTileApp, about preferential ads. Appleinsists it is more serious about consumers' privacy and security, than Adroid (GOOG) & FB. TSLA-4%: Berlin gigafactory delays.


BTC+1%, ETH+17%, COIN-1%, but RIOT-5%, SI-5%. XRP's Ripple Labs will go public, to become the 2nd largest Blockchain stock, after COIN, ahead of RIOT.


PYPL-1% Paypal may launch its own stablecoin; EBAY+4%: plans crypto, NFTs.


Oil+2%; Oil Drillers OIH+5% on BARC up