Good morning investors!

If this is your first time reading, welcome to The Investor’s Edge — a thriving community of over 28,000 subscribers striving to be better investors with an edge in the market.

Every weekend we publish “The Weekly Wrap-Up” — your ticket to being well informed and staying ahead in the investment game!

This report is designed to help investors of all skill levels break down important stories/topics within the stock market. And best of all, we cut through all of the BS and give you exactly what you need to know in easy to digest, bite sized pieces of content.

Grab your coffee and let’s dive in.

It was an interesting week for stocks, with a rotation from mega caps to the rest of the market following Nvidia’s earnings. Meanwhile, treasury yields and oil fell on US/Iran peace deal headlines.

These are some of the biggest stories from the second half of the week that had an influence on market action.

Nvidia $NVDA ( ▼ 6.2% ) delivered another massive beat with Q2 guidance well above consensus, but the stock finished the week roughly -3% as the market was already pricing in astronomical expectations.

It was a retail-heavy earnings week with beats across the board but reactions that didn't match the scorecards.

Walmart $WMT ( ▲ 0.97% ) beat on revenue and matched on EPS, but shares dropped roughly 8% as the company provided weaker than expected guidance for Q2. Not exactly what investors wanted to hear from the world's largest retailer.

Home Depot $HD ( ▲ 0.27% ) posted a modest beat on both lines but the print was soft underneath. Flat comps, margin pressure from the GMS acquisition, and EPS still down 3.7% YoY. The housing market just isn't giving it much to work with yet.

Lowe's $LOW ( ▲ 1.55% ) beat on both lines for its fourth straight quarter of positive comps, with spring execution and Pro channel strength driving the outperformance. Shares rose more than 1%, though analysts trimmed forward estimates after the print.

Target $TGT ( ▼ 1.03% ) was the best print of the week, crushing comp expectations and raising its full-year revenue outlook, though shares still fell nearly 4% as investors questioned whether that pace holds through tougher comparisons in the back half.

📚 Edge-ucation: What are comps?

Comps, short for comparable store sales, measure how much revenue a retailer's existing stores generated compared to the same period a year ago. It strips out the impact of new store openings so investors can see whether the business is actually growing or just getting bigger by adding locations.

Comps are one of the most important numbers in retail earnings because they cut through the headline revenue figure and show you whether the underlying business is healthy or just growing for the sake of growing.

SpaceX is reportedly valued north of $350B — the biggest pre-IPO story of the decade.

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Trump called off a planned military strike on Iran this week, citing active negotiations to end the war. Pakistan has emerged as the central mediator, with its Army Chief traveling to Tehran as both sides reviewed a draft agreement that was reported to be near completion. Oil prices fell sharply on the diplomatic progress, while equity markets and bonds steadied on the prospect of a resolution.

🔑 Key Points

👀 What You Need to Know

It was another week of back and forth, but a signed deal does not exist yet and the two sides still disagree on the most consequential issues. Oil prices reacted strongly to the headlines, but markets have now priced in optimism several times during this conflict only to give it back. Bond yields eased and stocks stabilized, but traders should understand that the headline risk in both directions remains very high until a formal agreement is confirmed by both governments.

In this section, we'll be curating a selection of news headlines we think you'll find interesting. If a topic catches your eye, click the provided links to read more about it.

We continue to push out more and more content every week to give investors that edge. Here are the posts Investor’s Edge+ subscribers received this week.

Mondays are for the investors. Every Monday morning we share exactly what we’re watching in the week ahead, how we’re positioning, and even share a sneak peek into our systems and models. This week we discussed the main focus of everyone heading into the week- Nvidia’s earnings. We gave our expectations and how we were playing it. We did pretty well (check it out for yourself). See the latest full report here:

Every month we share a full access look into our portfolios, including holdings, performance, activity and our watchlists for the upcoming month. You can see both of our portfolios, what moves we made in April, and how we are performing YTD here:

Next week is a holiday shortened trading week with Memorial Day on Monday, but there will still be some important reports to pay attention to.

Earnings season is winding down, but there are still several major reports to come. Here is the full calendar of scheduled earnings releases next week:

Overall, just 2 of the names we cover are set to report:

Next week may be a holiday, but investors will be watching Thursday’s PCE report for more clues into the inflation picture.

We also get the GDP report, jobless claims, several PMI data points, and a key housing report.

Here is the full calendar of events we will be watching:

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Here’s what you’re missing in the Discord:

🗨️ Chat rooms: Investors discussed the the huge moves from mega cap tech. Members also dove into the number of jobs reports and shared their views on the overall economy.

📊 Earnings / Economic reports: No more waiting for our newsletters to hit your inboxes - see earnings results and economic data as they are released. And more importantly, get our reactions and insights immediately.

🚨 Trade Alerts: Chris and Mark shared several trades, including additions to the portfolio and trades that set up their portfolios for the week.

Join us on Discord and let's level up our investing game together. The future of trading awaits—and you're invited to be a part of it! 🌟

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Thank you for reading this edition of the Weekly Wrap-Up. Have a great weekend!

Until next time investors!

Mark & Chris

The Investor’s Edge

This is not investing advice. It is very important that you do your own research and make investments based on your own personal circumstances, preferences, goals and risk tolerance.