6/3/2024 CBAS Weekly Newsletter

Recent Market Growth

In the tech sector, one company has been dominating the AI chip market. NVIDIA Corporation (NVDA) has recently shown strong momentum, with a slight pullback after its earnings report on 5/22. Despite this minor setback, NVDA has continued to capture the market's attention with a remarkable market cap of 2.7 trillion dollars.

DJT Meme Stock Surge and Crash

Former President Donald Trump was convicted guilty of 34 counts on Friday, May 31, 2024... making him a convicted felon. The news of Trump's conviction made very minor ripples effect on the financial markets. It particularly impacted the DJT meme stock. Following the announcement, the DJT meme stock experienced a premarket surge as investors reacted to the unfolding events. The stock then crashed almost 12% after the surge at market open.

Stock Simulator Competition at Churchill Business and Stock Club

At the Churchill Business and Stock Club, our Stock Simulator (on Investopedia) is set to conclude on June 5th. Participants have embraced the challenge, testing their trading skills in a simulated environment. It's worth noting that the majority of players have managed to secure profits, showcasing both the talent and strategic thinking present within the club.

By looking into market trends and experiences within the Churchill Business and Stock Club, we gain valuable insights into the dynamic world of finance and investing. NVDA's growth and the stock simulation activity show the variety of opportunities present within the industry.

(DJT tumbling morning after 34 charges...)

Upcoming shenanigans

Watchlist*:

NVDA, NVAX, NIO, AAPL

(Upcoming Earnings... Credit: Earnings Whispers)

Stay tuned for more updates and exciting developments in the world of Business and Stocks!

*All information provided by CBAS is not to be taken as financial advice. All trades and financial decisions made by viewers and users, of CBAS and its content provided, are to be taken at their own risk. CBAS and its affiliated people are not to be held liable for any losses or damage incurred from the viewer/user.