Here are the most important news investors need to start their trading day:
1. Feeling optimistic
Stock futures were higher on Monday after ending last week on a positive note due to weaker-than-expected economic indicators. employment report. Last week, Dow And Nasdaq increased by 1.1% and 1.4% respectively, while S&P 500 add 0.5%. Traders are optimistic that the Federal Reserve could lower interest rates sooner this year, based on a jobs report that eased concerns about an overheating economy. Looking ahead this week, investors will be watching for more corporate earnings reports. According to Live market updates.
2. Income
Guests can avoid lines at Disney World if they shop in-network.
Joseph Prezioso | Anadolu Agency | beautiful images
The peak of first-quarter earnings season is over, but investors are still watching key companies preparing to report this week, including Disney and Uber. Social media company Reddit will also report its first earnings since its IPO in March. “Earnings rebounded in Q1, helped by billions of dollars,” Barclays’ Emmanuel Cau wrote in a note Friday. profit rate”. “While the missteps were punished, the overall earnings recovery may have limited the stock’s downside.” Here are the earnings to watch this week:
- Monday: Spirit Airlines (before the bell); Palantir Technology, Insightful group, Rocket lab (after the bell)
- Tuesday: The Walt Disney Company, Spirit AeroSystems, Nikola (before the bell); Reddit, Astera Laboratory, Lyft, Virgin Galaxy, Rivian Cars (after the bell)
- Wednesday: Uber Technology, Shopify (before the bell); Airbnb, Instant shopping cart (Maple Bear), Buzz, Robin Hood hero, Besides Meat, TKO Group, AMC Entertainment (after the bell)
- Thursday: Warner Bros. Discovery, Carpet, Krispy ice cream, Roblox (before the bell); sweet blue (after the bell)
3. Buffett is back, all right
Warren Buffett speaks during the Berkshire Hathaway Annual Meeting of Shareholders in Omaha, Nebraska on May 4, 2024.
CNBC
The “Oracle of Omaha” speaks hourly at Berkshire Hathaway annual meeting this weekend, where he reflects on mortality rate and paid tribute to his longtime collaborator and right-hand man, Charlie Munger, who passed away late last year. Chairman and CEO Warren Buffett discusses why Berkshire is selling its shares Apple Invested by about 13% and he revealed that the corporation pour its entirety Supreme lost. Buffett also said his planned successor, Greg Abel, will be the one to make investment decisions when he is no longer in a leadership role, including those involved with the company. stock investment portfolio. During the meeting, Buffett also took questions from shareholders, expressed his views on the future of artificial intelligence and praised Fed Chairman Jerome Powell for his work steering the economy. “I don’t just hope you come next year. I still hope I will come next year,” Buffett said at the end of the meeting.
4. Final verdict
The combination sees former FTX CEO Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and CEO of Binance.
Mike Segar | Reuters | Benjamin Girette | Bloomberg | beautiful images
Former FTX CEO Sam Bankman-Fried and Binance founder Changpeng Zhao were once archrivals and major players in the $2.2 trillion cryptocurrency sector. But both of them have ended up going to jailLast week, Zhao was sentenced to four months in prison and Bankman-Fried earlier this year received 25 years in prison. Both crypto moguls have spent years preaching the power of decentralized, digital currencies, but the 296-month difference in their respective prison sentences suggests they’ve had some Big revelations in his business and personal dealings.
5. A “powerhouse” in the toy aisle
Star Wars-themed Lego sets are displayed on shelves at a Target store on September 29, 2022 in San Rafael, California.
Justin Sullivan | Getty Images News | beautiful images
DisneyStar Wars and Lego team up for the first time for one license agreement 25 years ago. Since then, the partnership has grown from toys into its own world of movies, video games and apparel. Fans have rallied around the license since 1995, and it’s been a boon for privately owned Lego. The toy company nearly went bankrupt in the early 2000s, but strong sales of Lego Star Wars and the Lego-owned Biancle brand helped the company stay afloat while it refocused its business. . This is the first time Lego has signed a licensing deal, and Star Wars has become the blueprint for its other brand deals, such as Harry Potter, Batman and Marvel’s Avengers.
– CNBC’s Hakyung Kim, Yun Li, Christina Cheddar Berk, Sarah Min, MacKenzie Sigalos and Sarah Whitten contributed to this report.
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