Rippers Weekly Recap 5/21: S&P 500 bear market, Buffet and Burry take bets on opposite sides of Apple and much more

StockMKTNewz Evan
May 21, 2022

Hey everyone, it’s Evan! But I’m better known online as @StockMKTNewz. If you know me, you know I tweet way too much for any sane person to track. So, I thought I would narrow down my hundreds of tweets to get you caught up here in under 5 minutes on all the news from today you need to know! 

Today, we're doing a quick recap of the best and worst of the markets, the biggest headlines, and the latest earnings of the week!

How The Stock Market Performed This Week

The Major Indexes

Heat Map of the S&P 500

How The Largest Stocks Performed

Best Performing Large Cap Stocks

Worst Performing Large Cap Stocks

**All images are via**

Major Earnings This Week

Walmart reported earnings on Tuesday before the market opened, posting numbers of:

  • EPS of $1.30, missing expectations of $1.46 
  • Rev of $141.57B, beating expectations of $138.12B

Home Depot reported earnings on Tuesday before the market opened, posting numbers of:

  • EPS of $4.09, beating expectations of $3.67 
  • Rev of $38.91B, beating expectations of $36.36B

Cisco reported earnings on Wednesday after the market closed, posting numbers of:

  • EPS of $0.87, beating expectations of $0.86 
  • Rev of $12.84B, missing expectations of $13.33B

Target reported earnings on Wednesday before the market opened, posting numbers of:

  • EPS of $2.19, missing expectations of $3.00 
  • Rev of $25.17B beating expectations of $24.42B

Sea Limited reported earnings on Tuesday before the market opened, posting numbers of:

  • EPS of -$1.04, beating expectations of -$1.06 
  • Rev of $2.9B, beating expectations of $2.8B

Non-Earnings Headlines From This Week


  • Warren Buffett's Berkshire Hathaway added ~3.8 million shares of Apple during Q1. - SMN
  • Michael Burry has a bet against Apple with about 18% of his portfolio in Apple puts as of March 31. - Edgar
  • Electric vehicle registrations in the US during Q1 reached 158,689 units, representing 4.6% of the total passenger car market. - USA Today
  • Starbucks interim CEO Howard Schultz filed for his purchase of 72.5K Starbucks shares on 5/12 at an average cost of $68.9 per share. - Edgar
  • McDonald's said it expects to book charges of between $1.2-$1.4 billion associated with its exit from Russia. - CNBC


  • The second Tesla AI event will take place on August 19. - Elon Musk
  • Marvel’s She Hulk will start streaming on Disney+ starting August 17. - BGR
  • Disney will have about 4 minutes of commercials an hour on the ad-supported version of the platform. - WSJ
  • AMC disclosed a 6.8% stake in National CineMedia. - Edgar
  • Square extended its buy now, pay later functionality to its in-person points of sales readers in the US and Australia. - Business Wire
  • SpaceX employees are offering to sell shares via a private placement that would value SpaceX around $125 billion. - Yahoo Finance


  • Tesla has been removed from the S&P 500 ESG index. - Electrek
  • Melvin Capital plans to close its funds and return the cash to its investors. - WSJ
  • Apple, Amazon, Microsoft, and Google combined have now lost more than $2 trillion in market cap so far in 2022. - SMN
  • Saudi Arabia's wealth fund now has a 5% stake in Nintendo. - Bloomberg
  • Disney and Genius Brands announced a 20 year deal that will allow Marvel to license Stan Lee's name and likeness in films, television, theme parks and experiences. - Global Newswire
  • Martin Shkreli has been released from prison. - CNBC


  • Coinbase is reportedly pausing new business projects, freezing hiring for two weeks among other cost-cutting measures. - Coindesk
  • Apple reportedly showed its AR/VR headset to the board signaling they're at an advanced stage and close to releasing the headset. - The Verge
  • Google Cloud and AMD announced a technology partnership in which AMD will run electronic design automation for its chip-design workloads on Google Cloud, “further extending the on-premises capabilities of AMD data centers." - PR Newswire
  • Audi is integrating Apple Music into the infotainment system on a wide range of its models. - Engadget
  • Taiwan Semiconductor is reportedly considering building a semiconductor factory in Singapore. - WSJ
  • Facebook plans to offer cloud API for businesses on WhatsApp. - Tech Crunch
  • Apple had 51% market share of smartphones sold in the US during Q1 up from 45% in Q1 2021. - Canalys


  • The S&P 500 intraday crossed below 20% off all time highs (around SPY $385) the threshold for a bear market. - SMN
  • A German judge ruled that Ford will not be able to sell or manufacture vehicles in Germany if it doesn't settle its dispute over microchips. - DW
  • A new “Daredevil” series is reportedly moving forward at Disney+. - Variety
  • Tesla has reportedly agreed to build a battery and electric vehicle factory in Indonesia, according to the country’s head of investments. - Electrek
  • SoFi CEO Anthony Noto disclosed he bought a total of 40,500 shares of SoFi stock this past week at an average price around $7.50 per share. - Edgar
  • Tesla is now no longer the largest holding in Cathie Wood's Ark Innovation ETF ARKK being overtaken by Roku. - Ark Funds
  • NIO will be added to the Hang Seng Tech Index. - CNEVPost

Get Prepared For Next Week

Economic Calendar

Earnings Calendar

Want more Content?

Listen to Bullish Rippers Twitter Spaces events live on Twitter and on our YouTube channel!

That's it for today — thanks for reading Rippers! Stay bullish, and we'll see you all in the next one 🔥 In the meantime, check out our weekly Twitter Spaces and give us a follow on Twitter!

Subscribe to Bullish Rippers

Your guide to stocks & cryptos ripping... and dipping

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.