During the week ending April 28, 2023, U.S. stocks rallied significantly, with the Nasdaq and S&P 500 reaching record highs, attributed to easing tensions regarding the conflict with Iran and a strong jobs report released on April 28. The April jobs report indicated positive employment trends, fueling investor optimism.
In earnings news, NVIDIA Corp. (NASDAQ: NVDA) is set to report on May 20, with attention on its zero market share in China’s GPU sector. Advanced Micro Devices (NASDAQ: AMD) and Palantir Technologies Inc. (NASDAQ: PLTR) also made headlines; AMD shows potential for growth, while Palantir experienced nearly a 10% drop despite positive earnings. Meanwhile, Lockheed Martin Corp. (LMT) reported weak earnings, missing expectations on both revenue and profit.
Furthermore, Berkshire Hathaway (NYSE: BRK.B) held its first shareholder meeting post-Warren Buffett, highlighting its record cash reserves and potential investment opportunities. Other notable themes include increased demand for natural gas reported by Williams Company Inc. (NYSE: WMB) and the performance of emerging market stocks as ETFs gain popularity among cautious investors.
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