Accredited | Cents Invest

MORNING CENTS: Salesforce stock JUMPS + Shanghai reopens...

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Macro:

The Fed will start shrinking its $8.9 trillion balance sheet this month. The first set of securities will run off on June 15th.
[TRAVEL VS. GAS PRICES] Americans Start Summer Travel Season Beset by Record Gas Prices - WSJ

  • The national average price for a gallon of regular unleaded gas hit $4.67 as of this morning, according to AAA.

    • [SHANGHAI REOPENS] Shanghai Ready to Exit Lockdown as Covid Cases Drop - WSJ

    Crypto:

    [CRYTPO COUNTER LOBBY] Tech Experts 'Counter-Lobby' Washington Criticizing Crypto, Blockchain - CoinDesk
    [BINANCE FUND] Binance Launches $500M Fund to Drive Web3 Adoption - Blockworks

    Business:

    [SALESFORCE JUMPS] Salesforce Sales Jump 24%, Easing Concerns About Business Demand - WSJ
    [HP EARNINGS] HP Lifts Earnings Outlook Despite Supply-Chain Disruptions - WSJ
    [BNPL PAIN] Missed Payments, Rising Interest Rates Put ‘Buy Now, Pay Later’ to the Test - WSJ

    Events:

    JOLTS Job Openings 10:00 am
    ISM Manufacturing – May 10:00 am
    Construction Spending – April 10:00 am
    Fed’s Beige Book 2:00 pm

    Earnings:

    Today PM: GameStop, Chewy, HP Enterprise, C3.ai, MongoDB, UiPath, PureStorage, Elastic, Veeva
    Tomorrow AM: SpartanNash, Hormel Foods

    ...more
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    Accredited | Cents InvestBy Justin Oh
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