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- May 7th Stock Market Update - Markets continue to gain strength with small pullbacks
May 7th Stock Market Update - Markets continue to gain strength with small pullbacks
$NET $WMT $OLLI
Mukund Mohan
May 07, 2024
Market
“The market continued to see good with corporate earnings continuing to exceed expectations, but the strong run up from Jan to Mar is calling some pullback - CIO of Vital Knowledge on CNBC ” 🥰 🫣
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Indices mostly up to flat on a low volume day
Until the next big earnings from Nvidia the market should continue to consolidate and move slowly higher to neutral. There is no big cause for large moves down.
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I am still holding only tech and not jumping into Energy or Finance yet
Apple announced a new refresh for iPads but there were underwhelming at best. Palantir, Upstart and Sofi continue their march down on valuations.
Insights from the portfolio
Video of the day
Today’s video is on Walmart $WMT the global retailer with a focus on eCommerce and Sam’s Club.
