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Money Talks, I Am The Ventriloquist.
TLDR
MARKET RECAP → The S&P 500 (VOO) edged slightly higher on Thursday, staying near record levels as traders evaluated new data indicating that inflation pressures might be easing.
TRUMP MEETS WITH CEOS → 🏛️ Former President Trump held a private meeting with top CEOs to discuss economic conditions and business growth strategies, influencing market sentiment and future policies.
ADOBE BEATS EXPECTATIONS → 📊 Adobe's (ADBE) Q2 2024 earnings soared past estimates with $4.5 billion in revenue, driving a 10%+ stock jump and bullish future projections, thanks to robust demand for its cloud services and strategic AI investments.
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TODAY’S TOP NEWS
Trump Meets with CEOs
🏛️ Economic Priorities: In a private meeting with top CEOs, former President Donald Trump emphasized the importance of pro-business policies and economic growth. He discussed strategies to lower taxes and reduce regulations, aiming to create a more favorable business environment.
📈 Regulatory Reforms: Trump highlighted his commitment to rolling back regulations that he believes stifle innovation and growth. He reassured the CEOs that his policies would continue to support their efforts to expand and compete globally.
🔍 Market Impact: The meeting aimed to strengthen relationships with key industry leaders and gather support for his economic agenda. The discussions likely had implications for market sentiment, with CEOs feeling more confident about future business prospects under his proposed policies.
TODAY’S TOP NEWS
Adobe Beats Expectations
📊 Strong Performance: Adobe (ADBE) reported robust Q2 2024 earnings, surpassing analyst expectations with $4.5 billion in revenue, up 10% year-over-year. This growth was driven by strong demand for its Creative Cloud and Document Cloud services.
🚀 Stock Reaction: Following the earnings report, Adobe's stock climbed 8%, reflecting investor confidence in its continued innovation and market leadership. The company's strategic investments in AI and new product offerings played a key role in bolstering its financial performance.
🔮 Future Outlook: Adobe raised its full-year guidance, projecting sustained revenue growth and profitability. Analysts remained optimistic about Adobe's ability to maintain its competitive edge in the rapidly evolving digital media landscape.
NOTABLE POSTS
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My staffer chasing me as I go to Equinox for the 3rd time all year.
— Freak in D Sheets (@FreakinDSheet)
12:53 PM • Jun 13, 2024
KEEP READING
Microsoft employees’ cybersecurity contributions will factor into their pay (CNBC)
Servers for GameStop annual shareholder meeting crash due to overwhelming interest (CNBC)
Treasury yields continue to tumble after PPI fell in May (CNBC)
Stellantis has achieved $9 billion in cost reductions from merger (CNBC)
Supreme Court maintains access to abortion pill in unanimous decision (CNN)
‘Dyson spheres’ were theorized as a way to detect alien life. Scientists say they’ve found potential evidence (CNN)
Biden nominates Christy Goldsmith Romero to lead FDIC at pivotal time for the banking regulator (CNN)
Why a ‘heartland visa’ for skilled workers could be the answer to America’s immigration debate (Fortune)
WHAT WE’RE WATCHING
OUR FAVORITE TOOLS & RESOURCES
Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed
Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine
The Market Ear — Live news, analysis and commentary on what moves markets and trading
Coinmarketcap.com — Crypto market data
Finviz — Financial visualizations
Trading Economics — Economic calendar
CME FedWatch Tool — Market-implied probabilities of future levels of interest rates
Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett
ChatGPT — Large language model-based chatbot powered by generative AI
Notion AI — Notion AI is a writing assistant that can help you write, brainstorm, edit, summarize, and more
Vimcal — Lightning-fast calendar and AI scheduling assistant
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