Welcome Back,

Market Headlines 👀 

• S&P 500 (SPX) closed at a new all time high near 5100 today.

• Nvidia (NVDA) reported earnings yesterday with a beat on top and bottom line, shares surged about 16% today.

• Alphabet (GOOGL) announces it will pause its Gemini AI image creator after false historical images were generated.

• Reddit (RDDT) officially files for a IPO via NYSE under the stock ticker ‘RDDT’.

• AT&T (T) company was hit with a nationwide outage which lasted hours and affected many states.

• Affirm (AFRM) announces they will layoff about 6% of its workforce.

Earnings 💸

• Block (SQ)

  • EPS: $0.55 misses (exp. $0.59)

  • Revenue: $5.77b beats (exp. $5.71b)

• Mercado Libre (MELI)

  • EPS: $7.39 beats (exp. $7.07)

  • Revenue: $4.26b beats (exp. $4.14b)

• Moderna (MRNA)

  • EPS: $0.50 beats (exp. $-0.99)

  • Revenue: $2.81b beats (exp. $2.53b)

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

NVIDIA sets history as it sees the biggest single day move in market cap ever.

Earnings growth have actually helped keep relative valautions subdued versus prior tech mania peaks as this cycle’s proven growth companies ‘grow’ into their premium valuations(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

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

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