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Money Market Review (05/04/2026-05/08/2026)
Consumers on the prowl, suing yet another company alongside Paramount.
GameStop looking to buy eBay to challenge Amazon, Spirit Airlines has been grounded, and gas prices are back up again. For those in the crypto space, Bitcoin hit over $80,000 for the first time since January of this year. On top of all that, more layoffs coming due to AI being to blame. The roller coaster continues to ride and get bumpy, so what's one to do?
Market on Close[1] |
|
|---|---|
| S&P 500 | -0.41% |
| NASDAQ-100 | -0.19% |
| Dow Jones | -1.13% |
| Russell 2000 | -0.60% |
Stock(s) That Stood Out on Monday |
|
| Krystal Biotech, Inc. | +7.86% |
| Tyson Foods, Inc. | +8.17% |
| Celcuity, Inc. | +15.38% |
| Circle Internet Group | +19.89% |
| Global Business Travel Group, Inc. | +57.50% |
| XPO, Inc. | -7.12% |
| FedEx Corporation | -9.11% |
| GameStop Corp. | -10.14% |
| GXO Logistics, Inc. | -17.70% |
| Xanadu Quantum Technologies Limited | -61.27% |
Florida is taking a huge step in terms of electricity bills, as Governor Ron DeSantis stated that utility companies cannot pass costs onto consumers. With data centers being built all over the country, will other states follow? Anyway, this week started with GameStop announcing a bid to buy eBay. Given GameStop's track record, not counting that they were once a hot investment, that'll trigger mixed reactions when it comes to e-commerce. Spending on a GameStop-backed business will be interesting, as customers are suing Chime for Iran-related hack—something to "chime" in on, if you have an account with them.
Market on Close[1] |
|
|---|---|
| S&P 500 | +0.81% |
| NASDAQ-100 | +1.31% |
| Dow Jones | +0.73% |
| Russell 2000 | +1.75% |
Stock(s) That Stood Out on Tuesday |
|
| QUALCOMM, Incorporated | +10.79% |
| Sandisk Corporation | +12.05% |
| Intel Corporation | +12.99% |
| DigitalOcean Holdings, Inc. | +40.40% |
| Sterling Infrastructure, Inc. | +52.22% |
| Roblox Corporation | -7.42% |
| Paypal Holdings, Inc. | -7.74% |
| Fiserv Inc. | -8.80% |
| Adeia Inc. | -17.26% |
| IPG Photonics Corporation | -25.74% |
Lumenta, AMD, and Arista Networks all beat their estimated earnings on this day. However, job openings fell on this day while hiring was ripe in the month of March. Makes sense, since Coinbase, on this day, plans to cut 14% on crypto. No one is safe, it seems...except Alphabet, who are closing in on becoming world's biggest company.
Market on Close[1] |
|
|---|---|
| S&P 500 | -1.46% |
| NASDAQ-100 | +2.02% |
| Dow Jones | +1.24% |
| Russell 2000 | +1.47% |
Stock(s) That Stood Out on Wednesday |
|
| Sprott, Inc. | +20.14% |
| DaVita Inc. | +23.46% |
| Veracyte, Inc. | +24.93% |
| Hut 8 Corp. | +35.34% |
| Flex Ltd. | +39.69% |
| Alcon, Inc. | -11.72% |
| The Chemours Company | -15.28% |
| NICE Ltd. | -22.53% |
| Klaviyo, Inc. | -32.23% |
| Primoris Services Corporation | -50.11% |
What do you know: gas prices are 50% higher than when the Iran War started. Ask Elon Musk's company Terafab for money to pay for it, as they plan to spend $119B in Texas. On the other hand, Warner Bros. Discovery reported a $2.9B quarterly loss. What happened, Paramount? To close out the recap, big media name Ted Turner sadly passed on this day at age 87. On a non-market related note, the hantavirus has been discussed and reported sparking concerns about current livng arrangements. Hoping this wouldn't grow worse, I had to mention this as it'll affect markets.
Market on Close[1] |
|
|---|---|
| S&P 500 | -0.38 |
| NASDAQ-100 | -0.63% |
| Dow Jones | -0.13% |
| Russell 2000 | -1.63% |
Stock(s) That Stood Out on Thursday |
|
| Primo Brands Corporation | +12.32% |
| Vertex Inc. | +16.01% |
| H&R Block, Inc. | +23.77% |
| Xometry Inc. | +39.18% |
| Fluence Energy, Inc. | +39.90% |
| Whirlpool Corporation | -11.91% |
| DXP Enterprises, Inc. | -17.35% |
| Shake Shack, Inc. | -28.26% |
| Planet Fitness, Inc. | -31.19% |
| Fastly, Inc. | -38.23% |
CoreWeave beat their estimated earnings—$2.08B versus $1.96B estimated—along with Cloudflare—$639.8M versus $621.9M estimated. Another thing that rose on this day were mortgage rates, due to uncertainty with the Iran War. Coinbase has been struggling, and along with layoffs, they haven't beaten their estimated earnings on this day. In addition, big tech companies have cut 80,000 jobs blaming AI for it, thus far. President Trump met with Brazil's President Lula about trades and tariffs. Reverting back to that non-market related news, talks of hantavirus is growing concerning. Something to keep a watch on if markets are likely to be (in)directly affected by it.
Market on Close[1] |
|
|---|---|
| S&P 500 | +0.84% |
| NASDAQ-100 | +1.71% |
| Dow Jones | +0.02% |
| Russell 2000 | +0.76% |
Stock(s) That Stood Out on Friday |
|
| Dropbox, Inc. | +15.00% |
| Intuitive Machines, Inc. | +20.16% |
| JFrog Ltd. | +23.73% |
| Fluence Energy, Inc. | +27.36% |
| Innodata Inc. | +86.00% |
| Motorola, Inc. | -11.36% |
| Nelnet, Inc. | -13.43% |
| Toast, Inc. | -14.74% |
| HubSpot, Inc. | -19.03% |
| Cloudflare Inc. | -23.62% |
S&500 and NASDAQ ended on a high note this day. Judges have ruled that tariffs are illegal, forcing the Trump Administration to appeal. Well, hands are in consumers as they are suing Nike for not refunding tariffs. Speaking of money, Google has settled $50 million for racial discrimination. In addition to monetary losses, USPS reported $1.95B quarterly of loss. While there were many winners this day, it triggered plenty of losses for some.
Rough start, closed well. Warner Bros. Discovery, Coinbase, and USPS had a rough week, while companies like CoreWeave did well. Gasoline has gone up once again, while GameStop is making a bid to buy eBay. Maybe it's not much the stocks, though that obviously has something to do with it, but companies this week lost revenue while others gain. Sounded like a zero growth in the market, but mostly gained. As mentioned earlier, the hantavirus is gaining a little bit of steam, and because it's triggering rumors of another lockdown, it'll be a key factor in market performance. On the other hand, Elon Musk and OpenAI are still at it. What will result from that lawsuit? We shall see what happens next week.
Any stock(s) that stood out to you this week? Will consumers win against Paramount and Nike? Do you think this brewing virus come about, and if so, how bad will it affect markets? Let's talk all about it in the comments section below!
SOURCES:
3. Source by Wall Street Journal
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