RiskReversal Recap: May 21, 2024

S&P and Nasdaq Close at Record High; Nvidia Earnings Preview

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RiskReversal Media
May 21, 2024

MRKT MATRIX: May 21, 2024

Today’s Top Stories:

  • Market Wrap (FactSet Data)

  • First Solar earnings could surge 370% by 2027 as Big Tech hunts for renewables to power AI, UBS says (CNBC)

  • Nvidia earnings could spark $200 billion swing in shares, options show (Reuters)

  • Fed Governor Waller wants ‘several months’ of good inflation data before lowering rates (CNBC)

  • Federal Reserve Bank of Atlanta President Raphael Bostic Comments (Bloomberg)

  • Biden to release 1 million barrels of gasoline to reduce prices at the pump ahead of July 4 (CNBC)

  •  ASML and TSMC Can Disable Chip Machines If China Invades Taiwan (Bloomberg)

  • The Unlikely Stocks That Became a Hot Bet on AI (WSJ)

  • Ether jumps 20% on renewed optimism for an ETF, bitcoin also rallies (CNBC)

Today’s MRKT Call is Presented by CME Group

Live Charts & Trade Ideas: $SPY $NVDA $SMH $TGT $LOW $IYT

Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, May 21st.

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

Macy’s Chart

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

Gene Munster: Nvidia Is In A ‘Great Place’ Heading Into Earnings

Dan Nathan is joined by Gene Munster, Managing Partner at Deepwater Asset Management.This week all eyes look to Nvidia as it reports on Wednesday (3:15) and the conundrum Apple has when it comes to third party AI (13:30).

After the break, Deirdre Bosa joins Dan Nathan for an update on Ilya Sutskever and Jan Leike’s OpenAI departures (19:00), Deirdre’s report from Google I/O (23:45), will Apple pick the Gen AI winner when it comes to Google vs OpenAI (28:30) and drama at Amazon (32:30).

Links Mentioned

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