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- Rippers Weekly Recap 06/08
Rippers Weekly Recap 06/08
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Hey everyone, it’s @StockMKTNewz Evan!
I spend 70 hours every week looking for news so you don't have to. That causes me to tweet a lot which can be hard to keep up with. Having somewhere to put all the major stories in 1 easy to view place is really valuable, and that's why I make this newsletter!
How The Stock Market Performed Over The Past 5 Days
All images in this section are sourced from finviz.com
Heat Map of the S&P 500
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How the Largest Stocks Performed
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Best Performing Large Cap Stocks
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Worst Performing Large Cap Stocks
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All your news. None of the bias.
Be the smartest person in the room by reading 1440! Dive into 1440, where 3.5 million readers find their daily, fact-based news fix. We navigate through 100+ sources to deliver a comprehensive roundup from every corner of the internet – politics, global events, business, and culture, all in a quick, 5-minute newsletter. It's completely free and devoid of bias or political influence, ensuring you get the facts straight.
This Week's Major Headlines
JUST IN: THE S&P 500 $SPY IS REBALANCING AGAIN
Stocks being added: CrowdStrike $CRWD, $KKR, GoDaddy $GDDY
Stocks being removed: Robert Half $RHI, Comerica $CMA, Illumina $ILMN x.com/i/web/status/1…
— Evan (@StockMKTNewz)
9:27 PM • Jun 7, 2024
NEW TEXAS STOCK EXCHANGE TAKES AIM AT NEW YORK’S DOMINANCE
A group backed by Wall Street heavyweights BlackRock and Citadel is planning to start a new national stock exchange in Texas, aiming to take on what they see as onerous regulation at the NYSE and Nasdaq - WSJ
— Evan (@StockMKTNewz)
1:17 AM • Jun 5, 2024
FOR THE FIRST TIME EVER
Nvidia $NVDA closed the day as the 2nd largest public company in the world x.com/i/web/status/1…
— Evan (@StockMKTNewz)
8:55 PM • Jun 5, 2024
NVIDIA $NVDA CLOSES WITH MARKET CAP ABOVE $3 TRILLION FOR FIRST TIME EVER
APPLE $AAPL CLOSES WITH MARKET CAP ABOVE $3 TRILLION FOR THE FIRST TIME SINCE JANUARY
— Evan (@StockMKTNewz)
8:04 PM • Jun 5, 2024
ASML IS NOW EUROPE'S SECOND-LARGEST STOCK
$ASML just passed LVMH in market cap for the first time ever taking over as the second largest European 🇪🇺 stock now only behind Novo Nordisk $NVO - Bloomberg x.com/i/web/status/1…
— Evan (@StockMKTNewz)
4:48 PM • Jun 5, 2024
BANK OF CANADA 🇨🇦 CUTS RATES FOR FIRST TIME IN FOUR YEARS
The Bank of Canada just cut its key interest rate by 0.25% to 4.75% down from 5% (in line with expectations)
— Evan (@StockMKTNewz)
1:53 PM • Jun 5, 2024
The 🇺🇸 unemployment rate for May came in at 4% above expectations of 3.9%
The 🇺🇸 labor force participation rate for May came in at 62.5% below expectations of 62.7%
— Evan (@StockMKTNewz)
12:31 PM • Jun 7, 2024
Robinhood $HOOD just announced it has agreed to acquire Bitstamp
— Evan (@StockMKTNewz)
12:10 PM • Jun 6, 2024
Roaring Kitty (Keith Gill) just showed off what his GameStop $GME position currently looks like
— Evan (@StockMKTNewz)
4:59 PM • Jun 7, 2024
Taiwan Semi $TSM said it held talks with customers about moving its chip plants off Taiwan 🇹🇼 as tensions mounted with China 🇨🇳 but such a move would be impossible
TSMC talked with OpenAI's Sam Altman over AI chip supplies but the TSMC CEO said Altman is "very aggressive, too… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
12:15 PM • Jun 4, 2024
Google $GOOGL just announced Former Eli Lilly CFO Anat Ashkenazi will join Google as its new CFO - Bloomberg
— Evan (@StockMKTNewz)
12:36 PM • Jun 5, 2024
JUST IN:
Elon Musk said he thinks Tesla $TSLA will spend between $3B-$4B on Nvidia $NVDA chips this year
— Evan (@StockMKTNewz)
6:19 PM • Jun 4, 2024
Apple $AAPL has reportedly discussed making Apple TV+ available in China 🇨🇳 through China Mobile last year.
If Apple was successful, it would be the only U.S. streamer available in China - The Information
— Evan (@StockMKTNewz)
2:08 PM • Jun 4, 2024
Costco $COST just reported May net sales of $19.64 Billion up 8.1% YoY
— Evan (@StockMKTNewz)
8:17 PM • Jun 5, 2024
JUST IN:
Nvidia $NVDA CEO Jensen Huang said today at the Computex trade show in Taiwan that Nvidia's next-generation AI chip platform will be called Rubin and roll out in 2026
The Rubin family of chips will include a new GPU, CPU, as well as networking chips - Reuters x.com/i/web/status/1…
— Evan (@StockMKTNewz)
1:35 PM • Jun 2, 2024
WALMART $WMT TO REPLACE PAPER SHELF LABELS WITH DIGITAL PRICE SCREENS IN 2,300 STORES - Reuters
— Evan (@StockMKTNewz)
10:19 PM • Jun 6, 2024
Spotify $SPOT just announced it’s increasing the price of its premium subscriptions in the 🇺🇸 to $11.99 per month up from $10.99 per month starting in July
— Evan (@StockMKTNewz)
12:25 PM • Jun 3, 2024
E*Trade is reportedly considering telling meme-stock leader Keith Gill (Roaring Kitty) he can no longer use its platform
E*Trade is reportedly "growing concerned about potential stock manipulation around his recent purchases of GameStop $GME " - WSJ
— Evan (@StockMKTNewz)
7:45 PM • Jun 3, 2024
Tesla $TSLA just started selling a "Tesla Mezcal" in the 🇺🇸 for $450
— Evan (@StockMKTNewz)
6:13 PM • Jun 6, 2024
Get Prepared For The Week Ahead!
Next week should be fun 👀
- Nvidia $NVDA starts trading split adjusted at the open on Monday
- Apple's $AAPL WWDC event is on Monday at 1 PM ET ... a lot of AI hype around this event
- Jerome Powell will be speaking on Wednesday at 2:30 PM ET at the Fed's June FOMC meeting… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
8:18 PM • Jun 7, 2024
That's it for today — thanks for reading! Want more Rippers? Make sure you're subscribed to this newsletter and never miss a weekly recap
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