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- May 21st Stock Market Update - Market grinds slowly up, awaiting Nvidia earnings
May 21st Stock Market Update - Market grinds slowly up, awaiting Nvidia earnings
$ULTA $CMG $STNE
Mukund Mohan
May 21, 2024
Market
“Before Nvidia earnings the market will be mostly neutral. Morgan Stanley expects a 8.7% move higher for Nvidia stock after earnings.” 😊 😋
The slow grind up was driven by a strong Tesla move and healthcare
Tesla Semitruck program news drove the stock higher by 6% but the big movers were all in healthcare, with United Health and Eli Lilly both driving higher.
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Although technology stocks moved higher, the move was muted
Tesla $TSLA, Monday.com $MDNY and Nextracker $NXT went higher on a day that ended with fewer stocks that moved at all.
Insights from the portfolio
Video of the day
Today’s video is on Chipotle Mexican Grill $CMG, the leading QSR getting to higher highs.
