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- May 8th Stock Market Update - It is not the earnings, it is the guidance
May 8th Stock Market Update - It is not the earnings, it is the guidance
$GRAB $DUOL $
Market
“While most analysts expected lower earnings and growth in 2023, it is finally showing up in Q2 2024. On average companies are guiding 4-10% less growth in revenue for Q2 - Factset” 😊 😋
Dow & S&P 500 head higher, but NASDAQ took a small break
There are no more “big” earnings left in the market. Most of the market moving companies have reported already, so I expect May to be slow and no big movements either higher or lower. Unless there is a Black Swan event.
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Still continuing to hold the line on technology sector
Broadcom, Cisco and Service Now are moving much higher, watch their leadership over the next few days.
Insights from the portfolio
Video of the day
Today’s video is on Duolingo $DUOL the language learnings app which reported earnings today.