Rippers Weekly Recap 5/28: Nvidia Earnings, Costco's Hot Dog Not Changing In Price, and Much More

StockMKTNewz Evan
May 28, 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

Heat Map of the S&P 500

The Major Indexes

How The Largest Stocks Performed

Best Performing Large Cap Stocks

Worst Performing Large Cap Stocks

**All images are via**

Major Earnings This Week

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

  • EPS of $1.36 beating expectations of $1.20 
  • Rev of $8.29B beating expectations of $8.12B

Nvidia increased its share buyback program by up to $15B and expanded it through December 2023

Nvidia said next quarter it expects revenue of $8.1B +/- 2% below estimates of $8.45B

Costco reported earnings on Thursday after the market closed posting numbers of:

  • EPS of $3.17 beating expectations $3.00
  • Rev of $52.60B beating expectations of $51.76B

Due to social media posts from people like JohnWRichKid, Costco had to come out and directly address if its raising the price of its Hot Dog — which it isn't.

Alibaba reported earnings on Thursday before the market opened posting numbers of:

  • EPS of $1.25 beating expectations of $1.15 
  • Rev of $32.19B beating expectations of $30.15B

Alibaba said it reached 1.31B total customers across the world, 1B in China and 305M outside of China

Broadcom reported earnings on Thursday before the market opened posting numbers of:

  • EPS of $8.39 beating expectations of $7.88
  • Rev of $8.10B beating expectations of $7.90B

Intuit reported earnings on Tuesday after the market closed posting numbers of:

  • EPS of $7.58 inline with expectations
  • Rev of $5.63B beating expectations of $5.51B

Zoom reported earnings on Monday after the market closed posting numbers of:

  • EPS of $0.99 beating expectations of $0.87
  • Rev of $1.07B inline with expectations

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

  • EPS of -$0.53 missing expectations of $0.01
  • Rev of $422.4M beating expectations of $409.6M

Non-Earnings Headlines From This Week


  • Jerome Powell has been sworn in for his second term as FED Chair. - FED
  • Snapchat filed an 8K warning that the company will likely miss its revenue and adjusted EBITDA guidance for this current quarter. - Edgar 
  • Tesla expects to ramp production back to a level in Shanghai equal to before the city went on its recent COVID lockdown. - Reuters
  • Airbnb is closing its domestic business in China. - CNBC
  • Disney's Doctor Strange in the Multiverse of Madness is now the highest-grossing film of 2022 at the global box office, passing The Batman. - Deadline


  • Beyond Meat announced Kim Kardashian as its first “Chief Taste Consultant.” - SMN
  • Wendy’s largest shareholder and board chairman Nelsen Peltz now owns 19.4% of the company and is considering a potential takeover bid for the burger chain. - Dispatch
  • Walmart announced its expanding its drone delivery operations to almost 4 million households in parts of Arizona, Arkansas, Florida, Texas, Utah and Virginia. The service will have a $3.99 delivery fee per order and can deliver up to 10 pounds at a time. - Walmart
  • Palantir was awarded a $53.9 million modification to a previous contract with the US Air Force for “Project Brown Heron Data-as-a-Service.” - DoD


  • Apple is increasing its starting pay for hourly workers in the US, rising to $22 per hour. - MacRumors
  • Elon Musk filed a commitment letter showing he's gotten rid of the rest of his $6.2 billion margin loan to fund his Twitter acquisition. This will increase Elon’s principle equity commitment to $33.5 billion. - Edgar
  • Tesla has filed to enter Thailand as its latest market expansion. - Electrek
  • Facebook CEO Mark Zuckerberg said he expects the company will lose significant money in the Metaverse for the next 3-5 years. - SMN
  • Elon Musk's SpaceX told the FCC it now has over 400K Starlink subscribers around the world. - CNBC
  • Amazon shareholders voted to approve the company's proposed 20:1 stock split. - GeekWire
  • Ripple will explore going public through an IPO after its lawsuit with the SEC ends. - CNBC
  • Google said searches for travel in Q1 exceeded searches for travel in Q1 2019. - SMN
  • Jack Dorsey has officially left Twitter’s board of directors. - Tech Crunch


  • AMD and Microsoft announced Microsoft's use of AMD Instinct MI200 accelerators to power large scale AI training workloads. - AMD
  • Apple’s Wallet app now supports Maryland state IDs and driver licenses. - The Verge
  • Microsoft will reportedly slow hiring in its Windows, Office, and Teams groups. - Bloomberg
  • Tesla has started to expand Gigafactory Berlin on a new 250acre lot with the submission of the construction plan to the municipality. - Electrek
  • PayPal invested in real estate financial services company, Jetty - PR Newswire
  • Broadcom has agreed to acquire VMWare for about $61 billion in cash and stock. - CNBC


  • Cathie Wood and Ark Invest bought more than 600K shares of Nvidia on Thursday and Friday. - ArkkDaily
  • The S&P 500 and NASDAQ 100 snapped their seven week losing streaks. - SMN
  • Ford made its first retail delivery of the Electric F-150 Lightning. - InsideEVs
  • White House officials are reportedly planning to cancel $10,000 in student debt per borrower. - WAPO
  • Nio is looking to hire vehicle manufacturing-related positions in the US leading some to believe the company may be planning a new plant in the country. - Electrek

Get Prepared For Next Week

Economic Calendar

Earnings Calendar

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That's it for today — thanks for reading Rippers! Stay bullish, and we'll see you all in the next one 🔥

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