📈 Industry upset

Good morning.

The Fast Five → Microsoft announces new PCs with Qualcomm chips, Nvidia to test $12 Trillion rally, Hims & Hers upsets industry with $199 weight-loss shots, Jamie Dimon signals retirement is close, and FDIC Chair is leaving after toxic workplace report…

Calendar: (all times ET)

• WED, 5/22: Minutes - Fed’s May FOMC meeting, 2:00p

• THU, 5/23: Initial jobless claims, 8:30a

• FRI, 5/24: Durable-goods orders, 8:30a

  • Consumer sentiment, 10:00a

Your 5-minute briefing for Tuesday, May 21:

A Message From The NatureTech Memos

Do you want to be the first to know about the latest breakthroughs in NatureTech and Nature Finance? Imagine having cutting-edge insights delivered straight to your inbox, all for free.

Meet The NatureTech Memos—a newsletter trusted by 2400+ NatureTech enthusiasts. In just under 4 minutes, you can stay informed and ahead of the curve.

Don’t miss out on the information that could transform your understanding and impact in NatureTech.

Subscribe today and join a community of like-minded individuals who are already in the know.

Stay informed and take action now!

Please support my sponsors

It’s how I pay the bills to keep this newsletter free :)

BEFORE THE OPEN

PRE-MARKET

MARKETS

• US stocks closed mixed yesterday as investors weighed hawkish statements from Fed officials

• The Nasdaq closed at an ATH

• Gold jumped to an ATH

• Copper surged past $11k/ton to an ATH as investors bet on a looming supply shortage

• US dollar is on track for its first down month this year

EARNINGS

• Palo Alto Networks fell ~9% despite beating Q3 top and bottom line estimates due to a disappointing FY forecast for billings and Q4 revenue (link)

• Zoom beat Q1 earnings estimates and raised its FY earnings and revenue forecast thanks to robust demand as companies adopt hybrid work models (link)

• What we're watching this week:

  • Today: Macy’s, Lowe’s

  • Wednesday: Nvidia, Target

  • Thursday: Intuit, Workday, Ralph Lauren

• Full calendar here

NEWS BRIEFING

Microsoft Announces New PCs with AI Chips from Qualcomm

Stocks Churn as Nvidia to Test $12 Trillion Rally

• FDIC Chair says he’ll leave job after toxic workplace report (link)

• Jamie Dimon signals retirement is closer than ever (link)

• JPMorgan leaders shape strategy as succession comes into focus (link)

• Jamie Dimon is 'cautiously pessimistic' on economy (link)

• JPMorgan’s Kolanovic is last prominent stock market bear (link)

• JPMorgan emphasizes employee health after BofA banker death (link)

• All JPMorgan hires will receive AI training (link)

• AI-intensive sectors are showing a productivity surge (link)

• Fed policymakers still cautious on inflation and policy (link)

• Wall Street firms increasingly looking to Sun Belt for expansion efforts (link)

• Janet Yellen is against a global tax on billionaires (link)

• Hims & Hers debuts $199 weight-loss shots, undercutting Wegovy, Ozempic (link)

• Millennium hired GIC's Naeimi as senior portfolio manager (link)

• CalPERS opposed all Exxon directors amid shareholders dispute (link)

• Target will lower prices on 5k items (link)

• Starwood's $10B REIT is getting crunched (link)

• FDIC chair will step down after scathing report (link)

• Scarlett Johansson accused OpenAI of ripping off her voice (link)

CRYPTO

• Grayscale's CEO stepped down and will be replaced by a Goldman veteran (link)

• Crypto VC funding rose for a second straight quarter to $2.4B in Q1 (link)

You Can Sponsor this Newsletter details here.​

BULLISH BITES

🥊 Heating up: Inside Microsoft’s mission to take down the MacBook Air.

🗞 Legacy media: As clicks dry up for news sites, could Apple’s news app be a lifeline?

😂 Funny: Check out this SNL spoof ad for Chinese fast fashion retailer Xiemu.

🎮 Breathtaking: The five-year journey to make an adventure game out of ink and paper.

📈 Tradition: Sushi chefs pay up to $20,000 for these stainless steel sushi knives.

DAILY SHARES

Keep the curation going! Buy the team a coffee ☕️