US stocks recorded their strongest monthly rally since November 2023, driven by easing trade tensions and robust tech earnings. The S&P 500 rose 6.2%, while the Nasdaq Composite surged 9.6%. The “Magnificent Seven” tech giants led the charge, with Nvidia’s stock climbing 24% after reporting a 70% year-over-year revenue increase.
Analysts expect broad market rally momentum to continue, citing improving earnings in sectors like industrials, consumer staples, and financials. However, uncertainties remain, including a US court ruling that declared President Donald Trump’s recent tariffs illegal, which could threaten the sustainability of recent market gains.
Benzinga provides daily reports on popular stocks among investors. Here are some key bullish posts:
– Palantir Technologies Inc. (PLTR) is expected to rise above $400 per share as AI revolution kicks into gear.
– Nvidia Corp. (NVDA) has significant upside due to its leadership in AI, with analysts predicting a market cap of up to $5 trillion.
– Ulta Beauty Inc. (ULTA) stock surged over 11% after beating Q1 earnings and revenue expectations.
In contrast, some bearish posts include:
– Marvell Technology Inc. (MRVL) shares fell after posting Q1 results, despite strong AI-driven data center demand.
– Regeneron Pharmaceuticals Inc. (REGN) and Sanofi SA (SNY) stocks declined due to uneven smoker’s lung drug trial results.
– Gold ETFs experienced outflows in May, raising concerns about the safe-haven trade.
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Source: https://www.benzinga.com/markets/market-summary/25/05/45709841/benzinga-bulls-and-bears-nvidia-palantir-marvell-technology-and-markets-rallied-in-may