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Money Market Review (05/11/2026-05/15/2026)
Oil drops a bit, despite the China Summit taking place.
Despite all that's going on overseas, President Trump offers to meet with President Xi Jinping about trade, along with other tech moguls like Elon Musk. Given that it was positive, markets remained stable. With the meeting in place, how will markets perform on second half of May? One thing's for sure is that AI is performing nicely, while companies like Cisco announced job cuts. You be the judge.
Market on Close[1] |
|
|---|---|
| S&P 500 | +0.19% |
| NASDAQ-100 | +0.29% |
| Dow Jones | +0.19% |
| Russell 2000 | +0.33% |
Stock(s) That Stood Out on Monday |
|
| Corning Incorporated | +10.94% |
| Vicor Corporation | +22.03% |
| Liquidia Corporation | +25.35% |
| POET Technologies, Inc. | +27.09% |
| Babcock & Wilcox Enterprises, Inc. | +30.06% |
| Shopify, Inc. | -7.21x% |
| Abercrombie & Fitch Co. | -7.26% |
| Shake Shack, Inc. | -8.04% |
| IREN Limited | -9.89% |
| Ubiquiti, Inc. | -12.29% |
Hims & Hers did not beat their earnings estimates—-$0.40 versus $0.04. That money probably went to Jensen Huang, reported to join the $200 billion dollar club. Along with poor talks about a ceasefire, President Trump is looking to sign bill lowering beef prices. May as well gain in on that protein!
Market on Close[1] |
|
|---|---|
| S&P 500 | -0.16% |
| NASDAQ-100 | -0.71% |
| Dow Jones | +0.11% |
| Russell 2000 | -0.97% |
Stock(s) That Stood Out on Tuesday |
|
| Humana, Inc. | +7.69% |
| Aramark | +8.64% |
| Quantum Computing, Inc. | +15.72% |
| Ralliant Corp. | +19.37% |
| PACS Group, Inc. | +28.56% |
| PDF Solutions, Inc. | -7.51% |
| QUALCOMM, Incorporated | -11.46% |
| FormFactor Inc. | -12.80% |
| Camtek Ltd. | -15.83% |
| Under Armour Inc. | -17.00% |
As President Trump made his trip to China, topics like tariffs, Strait of Hormuz, and AI were areas of discussions to be brought up. Speaking of tariffs, refunds from companies are underway as promised. While on the topic of payments, on this day, eBay rejects the $56 billion-dollar bid from GameStop for purchase. Does that mean a higher bidder will come through, or is eBay in good hands from being bought for now? We hope you bought some quantum computing stocks, as it was this day they rallied.
Market on Close[1] |
|
|---|---|
| S&P 500 | +0.58% |
| NASDAQ-100 | +1.20% |
| Dow Jones | -0.14% |
| Russell 2000 | +0.04% |
Stock(s) That Stood Out on Wednesday |
|
| Ford Motor Company | +13.18% |
| Wolfspeed Inc. | +16.53% |
| Tower Semiconductor Ltd. | +22.61% |
| VNET Group, Inc. | +25.06% |
| Ouster Inc. | +26.09% |
| Dynatrace, Inc. | -11.43% |
| Doximity Inc. | -11.57% |
| Boyd Group Services, Inc. | -12.13% |
| Resideo Technologies, Inc. | -17.91% |
| Wix.com, Ltd. | -27.10% |
President Trump lands in China on this day, ready to meet with President Xi Jinping. Oddly enough, Mideast tensions cool off as this presidential meeting goes underway. In fact, the Trump Phone, T1, will begin shipping after several delays. Will you be getting one? Meanwhile, LinkedIn announced 5% layoff of their staff. Maybe those staff members can work in, or with, OpenAI since claims of a $2B stake was apparent per Sam Altman. Other than that, it was the meeting in China that was center of attention this day.
Market on Close[1] |
|
|---|---|
| S&P 500 | +0.77 |
| NASDAQ-100 | +0.88% |
| Dow Jones | +0.75% |
| Russell 2000 | +0.67% |
Stock(s) That Stood Out on Thursday |
|
| Lumen Technologies, Inc. | +10.00% |
| SailPoint, Inc. | +11.60% |
| Klarna Group plc | +20.31% |
| Ondas Inc. | +26.52% |
| POET Technologies, Inc. | +44.34% |
| Vicor Corporation | -6.06% |
| Autohome, Inc. | -7.76% |
| Legence Corp. | -11.00% |
| NIQ Global Intelligence plc | -18.33% |
| Doximity, Inc. | -23.00% |
After layoff their staff, Cisco jumps after veering toward a more AI-related work plan. Stephen Miran steps down on this day, making the way for Kevin Warsh as Fed Chair. If Altman versus Musk isn't keeping you on your toes, Apple versus OpenAI possibly will, leading to a possible legal fight. We're guessing that Sam Altman hasn't had any sleep this past week with all that's going on with him. Talks about President Trump's meeting with President Xi are still being analyzed, but reports say it's been positive. One of them being China agreeing to purchaes 200 Boeing jets. In exchange, will we get more delicious, authenic Chinese food? That sounds good to me!
Market on Close[1] |
|
|---|---|
| S&P 500 | -1.24% |
| NASDAQ-100 | -1.54% |
| Dow Jones | -1.07% |
| Russell 2000 | -2.44% |
Stock(s) That Stood Out on Friday |
|
| RXO, Inc. | +6.74% |
| Wingstop, Inc. | +8.62% |
| Emphase Energy, Inc. | +10.16% |
| Figma, Inc. | +13.24% |
| SolarEdge Technologies, Inc. | +22.93% |
| Xanadu Quantum Technologies Limited | -10.11% |
| Infleqtion, Inc. | -10.95% |
| DLocal Limited | -13.03% |
| Tango Therapeutics, Inc. | -17.33% |
| POET Technologies Inc. | -22.36% |
Stocks sank to end this week. Likely because President Trump returned from his trip to China? Without delicious Chinese food? I'm sure that would boost the economy! Anyway, Elon's SpaceX is eyeing on June 12th for listing IPO on NASDAQ. Trades will be super hot on that day, so be ready! New York will be proposing tax on cash purchases for homes worth over $1 million. Interesting, because famous film director Steven Spielberg is planning to relocate from California to New York.
Great start, ended roughly. Main focus was President Trump's trip to China, meeting with President Xi Jinping. Plenty are still being discussed and analyzed with his trip, but it seemed overall positive. Both LinkedIn and Cisco were the companies announcing some layoffs this week due to AI. At this point, things are shifting and we'll have to coincide with it; however, for those opposed to AI will have to gather multi-millions of people/workers to go against it, let alone stopping the building of data centers (it won't be easy). Otherwise, this week was okay.
Any gain(s) you got out of this week? Will Bitcoin ever rise up to $100,000 again? How will markets fare out after the trip to China? Let's talk all about it in the comments section below!
SOURCES:
3. Source by Wall Street Journal
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