The following are the most important news items for investors to start their trading day:
1. It looks good.
It’s the final week of May, and stocks are on course to end the month on a high note. The S&P 500 is up 5.3% in May, while the Nasdaq Composite is up over 8% after closing last week at a new high.
2. Retail Time
The trade week and earnings week have both been shortened. This week, several retail businesses will report, including Costco Wholesale, Ulta Beauty, and Dollar General.
3. Digital get down.
Anti-obesity drugs are entering a new territory. Calibrate, Ro, Hims & Hers, Teladoc Health, and WeightWatchers are among the digital health companies looking to capitalise on the increased popularity of GLP-1s by developing programmes and services for consumers in addition to the drugs.
4. Going on a deal hunt
Off-price retailers like TJX Companies and Ross won’t be slowing down any time soon. Customers have been under pressure as prices keep growing for food and other needs — causing many to search for deals and emphasise value when it comes to discretionary spending.
5. The magic of films
We came here for immersive experiences. After pandemic-related shutdowns and halted production from two Hollywood strikes drastically reduced the quantity of films hitting the big screen, many consumers have stopped attending to see films in theatres.
Source (CNBC)
