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Welcome Back,

Market Headlines 👀 

• Nvidia (NVDA) continues rallying due to short dated options squeeze.

• Alphabet (GOOGL) Youtube CEO Neal Mohan sits down with Bloomberg discussing whats next for the business.

• Goldman Sachs (GS) raises $20b to booster its bets in private lending opportunities.

• ConocoPhillips agrees to purchase Marathon Oil for $17b in an all stock deal.

• CoreWeave cloud computing AI startup is in talks to make an early 2025 IPO.

Earnings 💸

• Salesforce (CRM)

  • EPS: $2.44 beats (exp. $2.37)

  • Revenue: $9.13b misses (exp. $9.15b)

• Okta (OKTA)

  • EPS: $0.65 beats (exp. $0.54)

  • Revenue: $617m beats (exp. $604.3m)

• UiPath (PATH)

  • EPS: $0.11 misses (exp. $0.12)

  • Revenue: $335m beats (exp. $333m)

• American Eagle Outfitters (AEO)

  • EPS: $0.34 beats (exp. $0.28)

  • Revenue: $1.14b misses (exp. $1.15b)

A note from Ryse 📣

Missed out on Ring and Nest? Don’t let RYSE slip away!

Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened. 

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.

Secure your stake before the offer closes.

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Consumer debt (mortgage, auto, credit) has soared post COVID but remains steady when scaled against gdp and household net worth. Debt servicing (finance costs scaled by income) also remains steady versus pre pandemic trends. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management).

Salesforce earnings snapshot (Contributed by Brad Freeman @StockMarketNerd).

Market Preview 🎞️ 

• Thursday, May 30th: Weekly jobless claims; Q1 second GDP estimate; Pending home sales

• Thursday earnings: Costco (COST), Ulta Beauty (ULTA), Best Buys (BBY, MongoDb (MDB), Marvell Technologies (MRVL), Zscaler (ZS)and Sentinel One (S)

• Friday, May 31st: Personal income and spending (PCE) data

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Tuesday with a curated list of important news, economic data and market highlights. 

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