- Investment Literacy Coach
- Posts
- May 17th Stock Market Update - Dow heads back over 40K, and could keep going
May 17th Stock Market Update - Dow heads back over 40K, and could keep going
$BIDU $CHWY $DLO
Mukund Mohan
May 17, 2024
Market
“Sustained profit growth and earnings estimates upward revisions among many S&P 500 large companies indicates that efficiency is still a priority as price increases slows. This means Dow should go higher” 🤩 😊
Dow much higher, S&P 500 less so, and NASDAQ took a breather
Given earnings are mostly done, this move by the indices to move higher over 2% for the week was unusual.
Our subscription service gives specific entries and exits for both long term holds and swing positions. You should subscribe.
Good end to the week for all indices
Amazon and Google getting to all time highs are driving the move ahead. The big earnings for next week are NVDA, PANW, ELF, GLBE, and SNOW for me.
Insights from the portfolio
Video of the day
Today’s video is on Chewy, $CHWY the online pet store.
