TradeUP Thursday
May 30, 2024
  Visit us  
• What does the GDP show about the U.S. economy?
• What are the Q1 retail earnings highlights?
• What is Dell's growth outlook in AI?
Dow Jones S&P 500 Nasdaq
38,078.57(-0.94%) 5,251.87(-0.29%) 16,876.65(-0.26%)
Opening price as of 05/30/2024 compared to last close
U.S. Economy Grows Only 1.3% in Q1 as Consumer Spending Slows
The U.S. economy's growth in the first quarter was revised down to an annualized rate of 1.3% from the previously estimated 1.6%, reflecting weaker consumer spending and equipment investment. This slowdown contrasts sharply with the 3.4% growth rate in the final quarter of 2023. Inflation for the first quarter was also slightly revised down to 3.3%. Despite this, inflation remained higher than expected, prompting the Federal Reserve to delay potential interest rate cuts. Treasury yields fell slightly due to the revised inflation data, while stock futures saw modest gains. Concurrently, jobless claims increased by 3,000 to 219,000 for the week ending May 25, although the labor market remains resilient, supporting ongoing economic stability. Read more

Q1 Retail Earnings Season Unveiled
The U.S. economy slowed in the first quarter due to the Federal Reserve's tight monetary policy and persistent inflation, delaying expected interest rate cuts. Consumer spending held up thanks to a strong job market, but inflation outpaced wage growth, particularly affecting lower-income households. Retailers like Walmart benefited from a shift toward essential goods, while Target struggled with discretionary items. First-quarter earnings for retailers, including Amazon, showed significant growth. As earnings season progresses, overall S&P 500 earnings are expected to rise, with strong trends in the tech sector balancing out weaknesses elsewhere, and second-quarter earnings are projected to grow. Read more

Dell's AI Momentum Surges, Distancing from Nvidia
Dell Technologies Inc. has witnessed a surge in its shares, garnering comparisons to market leader Nvidia Corp., as investors foresee substantial gains from the AI boom. Dell's introduction of AI-optimized PCs has heightened expectations for a customer upgrade cycle, while its high-powered servers have garnered accolades from Nvidia CEO Jensen Huang. Despite its achievements, Dell's shares trade at a discount compared to other tech giants, suggesting it is undervalued and underappreciated. Analysts anticipate Dell's potential inclusion in the S&P 500, which could bolster investment further. With its strategic foothold in the AI ecosystem and robust performance in PC and server markets, Dell presents itself as a promising prospect for both growth and value investors. Read more

Americans are Feeling Better About The Economy For The First Time in Four Months

“Consumers’ assessment of current business conditions was slightly less positive than last month. However, the strong labor market continued to bolster consumers’ overall assessment of the present situation,” Dana Peterson, chief economist at The Conference Board, said in a release.
Read the Full Article


All-Or-None Order

An All-Or-None (AON) order is an order to buy or sell a stock that must be executed in its entirety, or not executed at all.  AON orders that cannot be executed immediately remain active until they are executed or cancelled.

It’s Time to Vote!
Share your thoughts with us on social media! Facebook icon Instagram icon Twitter icon
This week's topic is: Are you confident in the outlook for the U.S. economy?
Refer Your Friends
Refer a friend & get
Welcome Prizes
Open & fund your account to get free gifts
Enjoy the app? Tell us what you think!
Facebook icon Instagram icon
TradeUP Securities, Inc. is a member of FINRA/SIPC and regulated by the US Securities and Exchange Commission. Registered office: 437 Madison Ave 27th Floor New York, NY, 10022. For further information about TradeUP Securities, Inc., see FINRA BrokerCheck. For further information about SIPC insurance coverage for accounts at TradeUP Securities, Inc., see or request an explanatory brochure from TradeUP Securities, Inc..

All investments involve risk, including possible loss of principal. Past performance of a security, market, or financial product does not guarantee future results. Electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance, and other factors. Market volatility, volume, and system availability may delay account access and trade executions.

No content on the website shall be considered a recommendation or solicitation for the purchase or sale of securities, futures or other investment products. All information and data on the website are for reference only and no historical data shall be considered as the basis for judging future trends.

Please read through our Terms and Conditions before investing.

If you no longer wish to receive notifications like this, you can unsubscribe any time.