Chart of the Day – Tuesday, May 21, 2024
Patrick Dunuwila
The Chart Report
12 months ago
1 MIN READ
The largest company in the world is printing fresh all-time highs. pic.twitter.com/iDjdZqcLRG
— Sam Gatlin (@sam_gatlin) May 21, 2024
Today’s Chart of the Day was shared by Sam Gatlin (@sam_gatlin).
- All eyes are on Nvidia ($NVDA) as the company reports earnings tomorrow evening. However, other Mega-Caps are perking up again.
- Sam points out that Microsoft ($MSFT), the largest stock in the S&P 500, broke out to all-time highs today after consolidating for the past two months.
- Other Mega-Caps, like $GOOGL, are also breaking out to record highs.
The takeaway: The reaction to $NVDA earnings will be important, but it’s not the only stock keeping the indices afloat.
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