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The Nasdaq gained for the fifth consecutive week, while the S&P 500 advanced and the Dow declined. Stocks rose on hopes of a U.S. debt ceiling deal. The PCE price index increased 4.4% YoY in April 2023. NVIDIA, Apple, and Microsoft received positive coverage, while Tesla and Dogecoin faced skepticism.

Portfolio Pulse from Michael Cohen

May 27, 2023 | 4:41 pm

DIS

TSLA

WBD

Technical difficulties marred Florida Gov. Ron DeSantis' 2024 presidential candidacy announcement on Elon Musk's Twitter Spaces event. Meanwhile, Warner Bros. Discovery's HBO Max-rebranded streaming platform, 'Max,' faced backlash for removing director and writer credits from its catalog. Natalie Portman expressed interest in reprising her role as Padmé Amidala in Disney's 'Star Wars' franchise.

Portfolio Pulse from Anthony Noto

May 27, 2023 | 4:30 pm

PLTR

Palantir CEO Alex Karp discussed the company's focus on scaling its technology and entering the US commercial market at the FEINDEF 2023 conference. Karp emphasized the importance of security, functionality, and reliability in their large language models. Despite being in its early days in the commercial realm, Palantir is experiencing exceptional growth.

Portfolio Pulse from Michael Cohen

May 27, 2023 | 4:19 pm

NVDA

Economist David Rosenberg warns of a price bubble in the stock market, comparing the current AI-fueled rally to the dot-com era of the 1990s. He believes the current environment is taking on a mania of sorts, with technology stocks now having a 27% weighting in the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

May 27, 2023 | 4:13 pm

DIS

Polling data from Florida Governor Ron DeSantis' campaign suggests that his feud with Walt Disney Co. (NYSE:DIS) could be boosting his favorability among voters. Disney's image has taken a hit, dropping 12 spots to the 77th position in the 2023 Axios Harris Poll 100, and its reputational quotient fell from 73.4 in 2022 to 70.9 in 2023.

Portfolio Pulse from Bibhu Pattnaik

May 27, 2023 | 3:40 pm

JPM

Since Jamie Dimon became CEO of JPMorgan Chase & Co. (JPM) in 2006, the bank has experienced significant growth and diversification. An initial investment of $1,000 in JPM stock at that time would now be worth around $6,819, including dividends, representing a 582% return.

Portfolio Pulse from Shanthi Rexaline

May 27, 2023 | 2:55 pm

JPM

MS

Morgan Stanley's Chief Investment Officer, Mike Wilson, warns that equities may finish the year weaker due to adverse macroeconomic fundamentals. He believes that the spike in liquidity from the Federal Reserve's emergency loan program is misleading investors and propping up the markets.

Portfolio Pulse from Bibhu Pattnaik

May 27, 2023 | 2:35 pm

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FFIE

NIO

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TSLA

Tesla partners with Ford to provide access to its Supercharger network, Rivian teases its R2 model, and Nikola faces potential delisting. Tesla's Model Y becomes the bestselling car in Q1, and Nio launches its ES6 SUV. EV stocks show mixed performance for the week.

Portfolio Pulse from Shanthi Rexaline

May 27, 2023 | 2:04 pm

AAPL

AMZN

GOOGL

META

Beringer Capital's report suggests that tech giants like Alphabet, Apple, and Amazon will benefit from the changes in consumer data privacy regulation. Major tech platforms are proactively providing privacy-forward solutions, while AdTech firms must find new strategies to provide customized advertising without third-party cookies.

Portfolio Pulse from Piero Cingari

May 27, 2023 | 2:00 pm

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TSLA

Elon Musk, CEO of Tesla, has praised the cars of Warren Buffett-backed Chinese EV-maker BYD Company, calling them 'highly competitive.' This comes as Tesla faces increasing pressure from growing competitors in the EV market, including BYD, which has shown staggering growth in sales and is rapidly catching up with Tesla.

Portfolio Pulse from Navdeep Yadav

May 27, 2023 | 8:22 am