05/19/2024
π’Market Updatesπ’
β¬οΈ Historic day for the markets as the Dow Jones Industrial Average ($DJI) breaks the 40,000 barrier, driven by strong performances from $WMT and $AAPL.
β¬οΈ Bridgewater Associates makes major moves in Q1, increasing stakes in $NVDA, $AAPL, $MSFT and cutting back on $CSCO, $KO and $COST.
β¬οΈ Big news from $GSK as it announces plans to sell its entire stake in Haleon ($HLN), aiming for an equity offering to institutional investors.
β¬οΈ $BIDU surpasses Q1 expectations with Non-GAAP EPADS at $2.76 and revenue up 1.0% Y/Y. Eyes set on profitability in AI and robotaxis by 2025.
β¬οΈ Following softer-than-expected US inflation data, precious metals see a price surge. $GLD hits a three-week high, $SLV reaches a three-year peak, and $PLTM climbs. Potential Fed rate cuts could fuel further gains.
β¬οΈ Walmart's stock soared to an all-time high today after smashing quarterly earnings expectations! Key drivers? A surge in e-commerce growth by 22% and gains with high-income shoppers.