RiskReversal Recap: May 1, 2024

Fed Reacts to Big Earnings Movers & Apple Investors Insight

🚨 Programming Alert 🚨

Due to our travel schedules, MRKT Call will be dark on Thursday, May 2. We will have a special show on Friday, May 3 at 1 pm!

Today’s MRKT Call is Presented by SoFi

Charting Big Earnings Movers & How Markets Could React to the Fed

Dan Nathan and Guy Adami are LIVE from FactSet FOCUS 2024 to break down the top market headlines and bring you stock market trade ideas for Wednesday, May 1st.

Click here to access all of the chart mentioned in today’s MRKT Call.

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Today’s Okay, Computer. is Presented by RBC and Current

Apple Investors On PINS & NVDAs

On this episode of “Okay, Computer.” Dan is joined by Guy Adami to discuss the latest headlines in big tech. They hit: AMD earnings (4:00), semi stock aftershocks (9:30), CDW Corp/Amazon (15:30), Pinterest (19:30), and Apple earnings preview (23:00).

WHAT WE’RE READING

  • Fed holds rate steady and moves to ease the pace of balance sheet reduction (CNBC)

  • Analysis of Fed Rate Decision, Powell News Conference (Bloomberg)

  • US Job Openings Hit Three-Year Low, Showing Cooling Labor Market (Bloomberg)

  • Oil prices fall after US crude inventories reach highest level since June (FT)

  • Bitcoin sinks to $57,000 to start May as investors brace for Fed rate decision (CNBC)

  • Analysts bail on Starbucks with 2 downgrades, slashed price targets. ‘Stunning across-the-board miss,’ says Blair (CNBC)

  • Amazon Gets More Fuel for AI Race (WSJ)

  • Super Micro plummets after posting revenue miss (CNBC)

  • Amazon-backed Anthropic launches iPhone app and business tier to compete with OpenAI’s ChatGPT (CNBC)

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