Morning Market Feed May 20th

It’s Monday morning and that means that we are getting ready for a new week of action in the markets. The number of catalysts is coming down as earnings season is also cooling. There are however about 5 earnings releases I will be looking for, as well as 1 big macro environment catalyst. Let’s dive straight into it!

As we are just getting started with the week, let’s get into it at a calmer pace. The earnings releases I will be watching just because they sold of heavily after the last earnings report are Palo Alto Networks (Cybersecurity), and Snowflake. I know that Palo Alto is often seen as a very strong stock with certain retail investors, it’s therefore interesting to see what the reaction will be to the report. Snowflake had the stock dropping 37% at the deepest point after the sell-off which resulted from bad earnings after the CEO dipped because he had cashed in enough from the company.

I will also be looking at ELF Beauty and Intuit as these have been very strong recently. ELF even being one of the fastest-growing companies in the markets over the past 5-year period. Intuit is one of the big tech companies, most known for QuickBooks, TurboTax, and Mailchimp.

Finally, we get to the big one. The earnings release the entire market is leaning against, Nvidia. Nvidia has become less dominant in the markets, as during the last 1 or 2 quarters the entire market were hanging on by a thread, and only Nvidia being able to recover it. I do not believe this quarter is a dependent on the earnings as then.

Finally, we will be looking at the FED Minutes on Thursday. This is a document in which we can see the thoughts of FED members and how they view the economic outlook.

It was a short one today but tomorrow I will be back with more news, if you want to be the first to receive the morning market feed, as well as the stock analyses, make sure to subscribe to my newsletter by click the button below!