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May 23rd Stock Market Update - Nvidia earnings spells great news for DELL, SMCI and TSM says BofA

May 23rd Stock Market Update - Nvidia earnings spells great news for DELL, SMCI and TSM says BofA

$ELF $M

Mukund Mohan
May 23, 2024

Market

“Nvidia’s terrific earnings bodes well for server suppliers DELL and SMCI as well as for foundry TSMC says Ruplu Bhattachary, analyst at BofA” 😆 🤪

NASDAQ &S&P 500 headed higher on Nvidia, but Dow was weak

I still think the market is going to be range bound to higher, given all earnings that matter are over. Until 2nd week of June we don’t see any major news (that is currently on deck) that might move markets.

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Microsoft, Nvidia still higher driving technology on AI news

E.L.F. stock moved up 20% on terrific earnings and a great guidance. I still like Microsoft here for the next leg up.

Insights from the portfolio

$ELF e.l.f. Beauty Inc Deep Dive and 2024 Outlook

Strong earnings moves the stock 17% higher

stocksmarts.substack.com/p/elf-elf-beauty-inc-deep-dive-and

Video of the day

Today’s video is on E.L.F., $ELF the cosmetics and beauty care manufacturer.

Deep dive of the day

Macy’s Inc $M Deep Dive – Investment Literacy Coach

The general retailer is off to new highs on restructuring

blog.mukundmohan.online/index.php/2024/05/23/macys-inc-m-deep-dive

Good setups for swing

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