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Market Headlines 👀 

• US Federal Court of Appeals granted temporary reinstates Trump’s tariffs, following yesterday nights news of tariffs potentially being blocked by the Court of International Trade.

• US President Trump held a meeting with Fed Reserve Chair Powell today in the White House.

• US pending home sales fell -6.3% for the month of April, biggest drop in 30 months MoM.

• US weekly jobless claims rose last week to 240k.

• Meta Platforms (META) partners with Anduril to create AR/VR devices for the US Army.

• Nvidia (NVDA) additional takeaways from the earnings report by Nvidia last night.

• E.L.F. Beauty (ELF) announces acquisition of Rhode beauty, Haily Bieber’s beauty company for up to $1b.

Earnings 💸

• Costco (COST)

  • EPS: $4.28 beats (exp. $4.24)

  • Revenue: $63.2b beats (exp. $63.1b)

• Zscaler (ZS)

  • EPS: $0.84 beats (exp. $0.76)

  • Revenue: $678m beats (exp. $667m)

• Ulta Beauty (ULTA)

  • EPS: $6.70 beats (exp. $5.75)

  • Revenue: $2.85b beats (exp. $2.79b)

• Dell Technologies (DELL)

  • EPS: $1.55 misses (exp. $1.69)

  • Revenue: $23.4b beats (exp. $23.2b)

• Marvell (MRVL)

  • EPS: $0.62 beats (exp. $0.61)

  • Revenue: $1.9b beats (exp. $1.88b)

A note from Pacaso 📣

The key to a $1.3T opportunity

A new trend in real estate is making the most expensive properties obtainable. It’s called co-ownership, and it’s revolutionizing the $1.3T vacation home market.

The company leading the trend? Pacaso. Created by the founder of Zillow, Pacaso turns underutilized luxury properties into fully-managed assets and makes them accessible to the broadest possible market.

The result? More than $1b in transactions, 2,000+ happy homeowners, and over $110m in gross profits for Pacaso.

With rapid international growth and 41% gross profit growth last year, Pacaso is ready for what’s next. They even recently reserved the Nasdaq ticker PCSO.

But the real opportunity is now, before public markets. Until 5/29, you can join leading investors like SoftBank and Maveron for just $2.80/share.

Invest in Pacaso today.

_{This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.}

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Zscaler earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• Friday, May 30th: University of Michigan consumer sentiment final; Personal income and spending (PCE)

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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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