Market Outlook - May 2023
Microsoft, Google, and Meta reported better than expected earnings last week, which spurred a rally in the tech stocks. Meanwhile, troubled First Republic Bank is in trouble again as they set to enter FDIC receivership. Is the fear of a banking crisis back again?
This week, we have more companies reporting their earnings, with FOMC meeting coming up too. How will these affect the stock market? And have you heard about the phrase “Sell in May and go away”? Let’s discuss them all in this video.
Stocks covered in the video (technical analysis) – SPY, Apple, Tesla, Google + Option trades
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Tesla (TSLA.US)$ $Invesco QQQ Trust (QQQ.US)$ $NASDAQ 100 Index (.NDX.US)$ $Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$ $Advanced Micro Devices (AMD.US)$ $Vanguard S&P 500 ETF (VOO.US)$ $Dow Jones Industrial Average (.DJI.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $NVIDIA (NVDA.US)$ $Qualcomm (QCOM.US)$ $Starbucks (SBUX.US)$ $Uber Technologies (UBER.US)$ $Shell Companies (LIST2504.US)$ $Pfizer (PFE.US)$
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Successful investing is about managing risk, not avoiding it. DYODD
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