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BABA

LVMHF

LVMUY

Louis Vuitton (LVMH) and Alibaba have expanded their partnership to enhance AI-powered luxury retail in China. This collaboration aims to leverage Alibaba's cloud technologies to boost LVMH's omnichannel presence and customer insights.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 3:36 pm

AMZN

MSFT

VCR

XLY

Amazon Web Services plans to invest €15.7 billion ($17.02 billion) in cloud infrastructure in Spain, specifically in the Aragon region. This investment, which is the largest technology investment in Spain and southern Europe, is expected to create approximately 17,500 jobs annually through 2033. The initiative also includes powering data centers with renewable energy sources. This move is part of a broader trend of cloud service providers, including Microsoft Azure, expanding their data center networks in Europe.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 3:31 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has significantly outperformed the market over the past 5 years, delivering an average annual return of 17.42%. A $1000 investment in TMO 5 years ago would be worth $2,232.52 today. The company's current market capitalization is $227.01 billion.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 3:31 pm

AMAT

Applied Materials (NASDAQ:AMAT) has significantly outperformed the market over the past 20 years, delivering an average annual return of 12.79%. A $100 investment in AMAT 20 years ago would be worth $1,093.34 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 3:31 pm

TJX

TJX Companies' executive announced that the company expects FY25 consolidated sales to be in the range of $55.5 billion to $55.9 billion, which is below the estimated $56.23 billion.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 3:24 pm

PLAB

Photronics, Inc. (NASDAQ:PLAB) shares fell by 10% after the company reported Q2 earnings and revenue that missed Wall Street expectations. The CEO highlighted slower recovery in order rates and production losses due to Taiwan earthquakes. The company provided a cautious outlook for Q3.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 3:20 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 22nd, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels and potential bullish and bearish targets for each asset. Additionally, it highlights the day's economic events, including the MBA Mortgage Application numbers, a speech from a Federal Reserve member, Existing Home Sales data, a 20-Year Bond Auction, and the FOMC Meeting Minutes. NVIDIA's earnings report, scheduled for release after market close, is expected to cause significant volatility.

Portfolio Pulse from RIPS

May 22, 2024 | 3:12 pm

FMCX

KKR

LBO

PGRU

TPG

KKR & Co. Inc. (NYSE:KKR) and TPG Inc. (TPG) are reportedly exploring a buyout of PropertyGuru Group Ltd. (NYSE:PGRU). The private equity firms, which own significant stakes in PropertyGuru, are working with a financial adviser to gauge interest from other global investors. PropertyGuru recently reported Q1 FY24 revenue that missed consensus estimates but showed a significant increase in adjusted EBITDA. KKR has also made other recent acquisitions, including a stake in Infinx and Perpetual's wealth management and corporate trust businesses.

Portfolio Pulse from Lekha Gupta

May 22, 2024 | 3:07 pm

MSFT

Microsoft's Build 2024 conference impressed analysts with its AI advancements and product integrations. Goldman Sachs and Mizuho Securities reiterated Buy ratings, citing innovations in AI-first hardware, Copilot enhancements, and real-time intelligence solutions. Both firms foresee substantial growth for Microsoft.

Portfolio Pulse from Surbhi Jain

May 22, 2024 | 3:03 pm

AZN

AstraZeneca (NASDAQ:AZN) has outperformed the market over the past 5 years with an average annual return of 15.6%, surpassing the market by 1.96% annually. A $1000 investment in AZN 5 years ago would be worth $2,064.19 today.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 3:01 pm