Brent Moors

A not-quite-yet-midyear update on the leaders and laggards of the market. @SchwabTrading

The final May reading for the University of Michigan Consumer Sentiment index was released today, coming in at 48.2. This aligns with analyst expectations and remains near levels observed during the 2022 lows. Market participants are monitoring this data closely as it reflects the ongoing impact of inflationary pressures on household confidence.

Nucor ($NUE) is drawing attention today after breaking through its 20-day moving average. The stock is currently up over 2%. The move reflects positive momentum as technical indicators suggest a strengthening short-term momentum for the steel producer. (not a recommendation)

Tiger Brokers ($TIGR) shares are currently down over 22%. The downward pressure is linked to reports that China’s securities regulator plans to penalize the firm, along with Futu Holdings and Longbridge Securities, regarding their ongoing cross-border operations. (not a recommendation)

BJ’s Wholesale Club ($BJ) shares are currently down over 8% after the company reported adjusted first-quarter earnings that surpassed the average analyst estimate, but that was largely driven by higher gasoline sales. Without gas sales, the earnings would have been a disappointment. The market is currently reacting to the company's ability to maintain margins despite a challenging retail environment. (not a recommendation)

Another not-encouraging bit of data on the inflation front.

NVIDIA ($NVDA) shares are currently trading lower by around 1.6%. Despite the semiconductor company reporting first-quarter revenue of $81.6 billion—which exceeded its own guidance—the stock is seeing downward pressure as investors assess the latest earnings and guidance provided by management. (not a recommendation)

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Cleveland Fed's expected 5-year inflation is at its highest since July 2007

UnitedHealth Group Inc shares are currently down around 1.5% following the disclosure of recent regulatory filings indicating that Berkshire Hathaway decreased its investment position in the healthcare provider during the first quarter. (not a recommendation)

Regeneron Pharmaceuticals Inc shares are currently down almost 10% after the company reported that its Phase 3 LAG3 melanoma trial evaluating an investigational combination treatment failed to meet its primary endpoint. Following the data release, several financial analysts have reduced their price targets for the equity. (not a recommendation)

Dominion Energy Inc shares are currently up around 8% following an announcement that the company has entered into a definitive agreement to combine with NextEra Energy Inc in an all-stock transaction. Under the terms, Dominion shareholders will receive 0.8138 shares of NextEra Energy for each share owned. (not a recommendation)

Forward EPS for the S&P 500 Tech sector are up by 66.3% year/year ... in the past 20 years, the only period that comes close is June 2010, but that was after a bear market

Microsoft ($MSFT)is currently up over 3%. This move follows the announcement by Pershing Square’s Bill Ackman that the fund has initiated a new core stake in the company. The investment is being described as a contrarian move, with the fund citing the company's long-term valuation as attractive following its recent decline from 2025 highs. (not a recommendation)

Not a big mover today, but Starbucks ($SBUX) is currently seeing a large shift in operational focus after announcing an additional 300 corporate layoffs as part of a broader turnaround strategy. This reduction follows previous rounds of layoffs and is intended to streamline corporate functions and lower overall costs to create a more sustainable business model under current leadership. (not a recommendation)

NVIDIA ($NVDA) Shares are currently down about 3%. Why? Possibly a combination of factors, including rising fatigue in the AI-driven sector and a sharp increase in the 10-year Treasury yield, which currently stands at 4.54%. Additionally, investor sentiment in the semiconductor space has been affected by the lack of progress regarding export controls following the conclusion of the U.S.-China summit. (not a recommendation)

Total household debt reached $18.79 trillion in 1Q26 … mortgage and auto loan debt had highest balances @DataArbor

The S&P 500 is at an all-time high while Consumer Sentiment is at an all-time low. We've never seen a gap this wide between Wall Street and Main Street.

Here’s this week’s #earnings overview as well as the economic events that may impact the market 📈📉 Not A Recommendation 🔗: schwab.com/learn/story/st…

Micron Technology (MU) is currently up around 9% . The movement is being fueled by robust demand for AI-specific memory hardware. Along with other chip leaders, the stock is helping the Nasdaq Composite maintain a positive position despite inflationary pressures in other sectors. (not a recommendation)