GDP Breakdown
Highlights
-Real GDP increased by 1.4% in Q1 2024, up from the second estimate of 1.3%.
-This growth rate is a significant deceleration from the 3.4% increase in Q4 2023.
-Current-dollar GDP rose 4.5% to $28.27 trillion.
The price index for gross domestic purchases increased 3.1%.
-Personal consumption expenditures (PCE) price index increased 3.4%.
-Personal income and disposable personal income saw increases, though both were revised downward.
-Real gross domestic i...

My Dog Odin loves his new pillow 😂

PCE Breakdown
Highlights
-Core PCE Price Index: Increased by 0.2% from the previous month, the slowest rate in 2024.
-PCE Price Index: Increased by 0.3% month-over-month, consistent with the previous months and market forecasts.
-Annual PCE Rate: Steady at 2.7%, same as March.
-Annual Core PCE Inflation: Unchanged at 2.8%.
-Personal Income: Increased by $65.3 billion (0.3%).
-Disposable Personal Income (DPI): Increased by $40.2 billion (0.2%).
-Personal Consumption Expenditures (PC...

NVIDIA ( $NVDA ) Earnings Breakdown
Highlights
-Earnings reported 6.12 vs estimated 5.60 (+9.30%)
-Revenue reported 26.04b vs estimated 24.59b (+5.90%)
-Record Quarterly Revenue: NVIDIA reported $26.0 billion in revenue for Q1 FY25, up 18% from Q4 and up 262% from a year ago.
-Data Center Growth: Data Center revenue hit $22.6 billion, up 23% from Q4 and 427% year-over-year.
-Stock Split: A ten-for-one forward stock split will take effect on June 7, 2024.
-Divi...

Lowe's ( $LOW ) Earnings Breakdown
Highlights
- Earnings reported 3.06 vs estimated 2.95 (+3.72%)
-Revenue reported 21.36b vs estimated 21.13b (+1.08%)
-Net Earnings: $1.8 billion
-Diluted Earnings Per Share (EPS): $3.06
-Total Sales: $21.4 billion, down from $22.3 billion last year
-Comparable Sales: Decreased by 4.1%
-Full Year 2024 Outlook: Total sales of $84 to $85 billion, with EPS of approximately $12.00 to $12.30
Good Parts
-Strong Customer Ser...

PPI Breakdown
Highlights
-Factory Gate Prices: Increased by 0.5% in April 2024.
-Services Prices: Increased by 0.6%, the highest since July.
-Goods Prices: Rose by 0.4%, with a significant impact from a 5.4% increase in gasoline prices.
-Core Producer Prices: Up by 0.5%, higher than the expected 0.2%.
-Annual Inflation: Headline producer price inflation steady at 2.2%, core rate at 2.4%.
Monthly Changes
-Factory Gate Prices: +0.5% (up from -0.1% in March).
-Services Prices: +0.6% (...

Michigan Consumer Sentiment Breakdown
Highlights:
-University of Michigan consumer sentiment for the US fell to 67.4 in May 2024 from 77.2 in April, the lowest in six months.
-Both current conditions (68.8 vs 79 in April) and expectations (66.5 vs 76) declined.
-Concerns about inflation, unemployment, and interest rates moving unfavorably in the coming year.
-Year-ahead inflation expectations rose to 3.5% from 3.2% last month.
Long-run inflation expectations...

Earnings for the week of 5/6 to 5/10
Monday
AM: $TSN
PM: $PLTR
Tuesday
AM: $DIS, $BP, $DDOG
PM: $OXY, $WYNN
Wednesday
AM: $UBER, $SHOP
PM: $ABNB, $ARM
Thursday
AM: $RBLX

Key Events This Week 5/6 to 5/10
Monday
Fed Barkin, Williams Speech
Tuesday
Consumer Credit Change
Fed Kashkari Speech
Wednesday
Fed Jefferson, Cook Speech
Thursday
Initial/Continuing Claims
Friday
Michigan Consumer Sentiment
Fed Bowman, Goolsbee, Barr Speech

Nonfarm Payrolls/Unemployment Rate Breakdown
Highlights:
-Total nonfarm payroll employment increased by 175,000 in April 2024, although this marked a deceleration from the robust growth observed in March.
-Despite the slowdown, job gains were notable in key sectors such as healthcare, social assistance, and transportation and warehousing.
-The unemployment rate moved up slightly to 3.9%, indicating overall stability in the labor market.
-Average hour...