RiskReversal Recap: May 3, 2024

Jobs Report & Apple Earnings Reaction

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RiskReversal Media
May 03, 2024

Today’s MRKT Call is Presented by CME Group

Stock Market Rallies After Jobs Report, Apple Earnings

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Friday, May 3rd

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Earnings Calendar

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Today’s On The Tape is Presented by CME Group and iConnections

Miami “Vice” with Vincent Daniel & Porter Collins. Plus a Conversation with FactSet CEO Phil Snow

Danny Moses is joined by his “Big Short” colleagues Vincent Daniel and Porter Collins for a special “What Are We Doing” drop. They hit the Fed meeting/Powell speech (3:00), central banks’ impact on the markets (6:45), an “uneven” economy (9:00), names they are long (11:45), energy stocks (16:15), Tesla (17:15), Carvana (21:00), vice stocks (24:00), why Vinny likes Philip Morris (27:00), huge news in the Cannabis industry (28:30), and Danny’s Kentucky Derby picks (29:30).

Later, Dan Nathan and Guy Adami sit down with FactSet CEO Phil Snow at the company’s Focus event in Miami to discuss key themes from the conference, AI, and innovations in financial technology.

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WHAT WE’RE READING

  • Stocks Bulls Back in Charge as Jobs Fuel Fed Bets(Bloomberg)

  • S&P 500 Jumps After Jobs Report Shows Hiring Slowdown (WSJ)

  • The Market Dodges Another Downfall. Everything’s Awesome. (Barron’s)

  • Apple on pace for best day since 2022 after earnings beat, $110 billion stock buyback (CNBC)

  • Bitcoin tops $61,000 after weaker-than-expected April jobs report (CNBC)

  • Can Elon Musk’s Tesla keep straddling the US and China? (FT)

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