6 stories that we are following this am.
1. Domino’s same store sales dropped this last quarter by half a percent. This has led the stock to fall 2% plus in pre market trading. The stock price is still up 16% year to date.
2. Futures point slightly down this am after a terrific week last week. The Nasdaq jumped 6.7% last week.
3. See The Wall Street Journal “Stocks have clawed back most of the April’s tariff losses.”
4. Spotify is up 38% year to date.
5. Tesla finds itself losing money in its core car business but making money from the sale of regulatory EV credits. Much of the last weeks stock price rise was due to the possibility that rules regarding self driving vehicles would ease significant and Tesla would be a big winner.
6. NVIDIA jumped 9.38% last week but remains at a market cap of $2.74 trillion a lot less than the nearly $3.5 trillion it was once at.