Market Snapshot
| Index | Close | Change | % Change |
|---|---|---|---|
| S&P 500 | 7,444.25 | +43.29 | +0.58% |
| NASDAQ | 26,402.34 | +314.14 | +1.20% |
| DOW | 49,693.20 | -67.36 | -0.14% |
| Russell 2000 | 2,843.93 | +1.10 | +0.04% |
| VIX | 17.87 | -0.12 | -0.67% |
Breaking News & Macro Events
S&P 500 Notches Fresh All-Time High Despite Hot PPI Print — TheStreet
April PPI came in at 6.0% YoY — well above the ~3.0% consensus and a stark divergence from the 3.8% CPI print. Megacap tech absorbed the inflation surprise: Apple touched $300/share, the S&P 500 set a new record at 7,444, and the Nasdaq tacked on 1.2%. The 10-year Treasury rose to 4.48%, its highest since mid-2025, signaling bond markets are taking the producer-price spike seriously even as equities shrug.
US Court Pauses Decision Blocking Trump’s 10% Global Tariff — Al Jazeera
An appeals court issued an administrative stay of the Court of International Trade’s 2-1 ruling against the administration’s Section 122 tariffs. The stay gives the White House time to respond; the ~48% effective rate on China imports remains in place for now. The legal whipsaw injects fresh uncertainty into supply-chain planning.
Trump-Xi Summit Underway in Beijing — CNBC
Trump and Xi are meeting in Beijing this week. Notably, Chinese exporters report that supply-chain disruption from the Iran war is now a bigger concern than tariffs. Markets are watching for any extension of the trade truce beyond November.
Fed Holds at 3.5%–3.75%; Warsh Confirmation Expected May 15 — Washington Post
Bank of America now sees no rate cuts in 2026, with the next easing pushed to H2 2027. With Kevin Warsh’s confirmation as Fed Chair imminent and inflation re-accelerating, today’s PPI print materially complicates the path forward.
Economic Calendar
Key Data:
| Indicator | Latest | Previous | As Of |
|---|---|---|---|
| Fed Funds Rate | 3.64% | 3.64% | 2026-04-01 |
| CPI | 332.407 | 330.293 | 2026-04-01 |
| Unemployment | 4.3% | 4.3% | 2026-04-01 |
| 10Y Yield | 4.46% | 4.42% | 2026-05-12 |
| Breakeven Inflation | 2.47% | 2.47% | 2026-05-12 |
Next FOMC Meeting: 2026-06-16 (34 days away)
Upcoming Releases (Next 7 Days):
| Date | Event | Previous | Forecast |
|---|---|---|---|
| 2026-05-13 | PPI (April) | 2.9% YoY | ~3.0% YoY (actual: 6.0%) |
Watchlist
Dividend Stocks
COST — Costco Wholesale ($1,033.08, +1.36%)
- Earnings: 2026-05-28 (15 days away)
- Ex-Dividend: 2026-04-30 (past) | Dividend Pay: 2026-05-14 | Yield: 0.58%
- 52W Range: $844.06 — $1,067.08 (within 5% of 52W high) ⚠️
- News: Bernstein Raises Target to $1,192 — 28 net new stores in 2026, international comps +13% YoY.
NKE — Nike Inc. ($42.34, -0.24%)
- Earnings: 2026-06-25 (43 days away)
- Ex-Dividend: 2026-05-31 | Yield: 3.87%
- 52W Range: $42.06 — $80.17 (near 52W low) ⚠️
- News: Wells Fargo Downgrades to Equal Weight, Target $45 — Legal risks and weak China performance; down 3.37% MTD.
PFE — Pfizer Inc. ($25.96, +0.15%)
- Earnings: 2026-07-29 (77 days away)
- Ex-Dividend: 2026-05-07 (past) | Yield: 6.65%
- 52W Range: $21.97 — $28.75
- News: Q1 EPS $0.75 Beat $0.72 Est — Revenue $14.45B; 2026 guidance reaffirmed at $2.80–$3.00 EPS.
UPS — United Parcel Service ($98.45, -0.15%)
- Earnings: 2026-07-28 (76 days away)
- Ex-Dividend: 2026-05-17 (4 days away) ⚠️ | Yield: 6.66%
- 52W Range: $82.00 — $122.41
- News: Amazon Supply Chain Services Pressures UPS — Amazon opening logistics network to external clients; analysts maintain Buy with $110 target.
Growth Stocks
AAPL — Apple Inc. ($298.87, +1.49%)
- Earnings: 2026-07-30 (78 days away)
- 52W Range: $193.46 — $295.27 (above prior 52W high) ⚠️
- News: Apple-Intel Chip Manufacturing Deal — Preliminary agreement for US-made chips reduces TSMC dependency; touched $300 today.
AMZN — Amazon.com Inc. ($270.13, +1.05%)
- Earnings: 2026-07-30 (78 days away)
- 52W Range: $196.00 — $278.56 (within 5% of 52W high) ⚠️
- News: Amazon Supply Chain Services + Alexa Shopping Agent — Amazon Now ultra-fast delivery launch; 62 analysts rate Strong Buy.
CRCL — Circle ($126.57, +2.48%)
- Earnings: 2026-08-11 (90 days away)
- 52W Range: $49.90 — $298.99
- News: Q1 USDC Volume +263% YoY — Arc blockchain presale raised $222M (a16z, BlackRock, Apollo); USDC circulation $77B.
GOOG — Alphabet Inc. ($399.04, +3.39%) ⚠️
- Earnings: 2026-07-23 (71 days away)
- 52W Range: $160.93 — $398.37 (above prior 52W high) ⚠️
- News: Q1 Sales +22% to $110B; Cloud +63% to $20B — GCP backlog at $460B; Waymo expanding.
HIMS — Hims & Hers Health ($24.14, -2.11%)
- Earnings: 2026-08-10 (89 days away)
- 52W Range: $13.74 — $70.43
- News: Q1 Loss $92.1M; Acquires Novo Nordisk GLP-1 Rights — $1.15B Eucalyptus acquisition planned for international expansion.
INTC — Intel Corporation ($120.29, +2.31%)
- Earnings: 2026-07-23 (71 days away)
- 52W Range: $18.97 — $132.75
- News: Apple Chip Manufacturing Deal — Preliminary US-manufacturing agreement; stock up 225% YTD on turnaround thesis.
LUNA — Luna Innovations (data unavailable)
- News: Q2 FY2026 Earnings Today — Optical sensing micro-cap; quote feed flagged ticker as possibly delisted.
META — Meta Platforms ($616.63, +2.46%)
- Earnings: 2026-07-29 (77 days away)
- 52W Range: $520.26 — $796.25
- News: Meta Launches USDC Creator Payouts — Solana/Polygon rails in Colombia/Philippines; expanding to 160+ countries by year-end. WhatsApp adds AI incognito mode.
MSTR — Strategy Inc. ($178.03, -3.03%) ⚠️
- Earnings: 2026-07-30 (78 days away)
- 52W Range: $104.17 — $457.22
- News: Acquires 535 BTC for ~$43M — Average price $80,340/BTC; stock pulled back with crypto sentiment.
NNE — Nano Nuclear Energy ($27.05, -0.59%)
- Earnings: 2026-05-14 (1 day away) ⚠️
- 52W Range: $18.93 — $60.87
- News: Q2 FY2026 Webcast Tomorrow; SMCI MOU — MOU with Super Micro Computer for data-center power via small modular reactors.
NVDA — NVIDIA Corporation ($225.83, +2.89%)
- Earnings: 2026-05-20 (7 days away) ⚠️
- 52W Range: $129.16 — $223.75 (above prior 52W high) ⚠️
- Executive News: CEO Jensen Huang traveling to China this week at the invitation of President Trump.
- News: Huang China Trip; AI Demand Holds — 37 analysts Strong Buy, avg target $272 (+23% upside).
OKLO — Oklo Inc. ($69.66, -2.57%)
- Earnings: 2026-08-10 (89 days away)
- 52W Range: $34.10 — $193.84
- News: Q1 Net Loss $33.1M; JPM Initiates Coverage — JPMorgan $94.63 target; stock under pressure on dilution concerns.
RKLB — Rocket Lab USA ($124.15, +5.51%) ⚠️
- Earnings: 2026-08-06 (85 days away)
- 52W Range: $21.86 — $123.94 (above prior 52W high) ⚠️
- News: Q1 Revenue $200.3M (+63.5% YoY); $190M Pentagon Contract — Q2 guide $225–240M beats consensus; Deutsche Bank raised target to $120.
SMCI — Super Micro Computer ($32.00, -1.24%)
- Earnings: 2026-08-04 (83 days away)
- 52W Range: $19.48 — $62.36
- News: Q3 EPS $0.84 Beats $0.62 Est — New CBO appointed; NNE partnership for data-center power.
SMR — NuScale Power ($11.96, -0.08%)
- Earnings: 2026-08-06 (85 days away)
- 52W Range: $8.85 — $57.42
- News: Multiple Analyst Downgrades — Northland to $19, Citi to $7, Goldman to $9 after declining revenues and widening losses.
SOFI — SoFi Technologies ($15.31, -3.59%) ⚠️
- Earnings: 2026-07-28 (76 days away)
- 52W Range: $12.74 — $32.73
- News: Down 13% Post-Earnings; Muddy Waters Raises Accounting Concerns — Goldman cut to $17, MS to $16, BofA to $18.
TEM — Tempus AI ($45.90, -2.26%)
- Earnings: 2026-05-05 (past)
- 52W Range: $41.73 — $104.32
- News: Raises FY26 Guidance to $1.59–1.60B; H.C. Wainwright Cuts Target to $64 — Q1 revenue +36%; priced $400M convertible.
TSM — Taiwan Semiconductor ($399.80, +1.32%)
- Earnings: 2026-07-16 (64 days away)
- 52W Range: $188.81 — $420.00 (within 5% of 52W high) ⚠️
- News: $20B Arizona Capital Injection Approved — Part of $65B US buildout; April revenue +17.5% YoY; up 104% YTD.
UNH — UnitedHealth Group ($401.16, +1.30%)
- Earnings: 2026-07-28 (76 days away)
- 52W Range: $234.60 — $397.42 (above prior 52W high) ⚠️
- News: Q1 Adjusted EPS $7.23 Beat; MCR Improves to 83.9% — Revenue $111.7B (+2% YoY); up 47% since late March.
Commodities & FX
| Asset | Price | Change | % Change |
|---|---|---|---|
| Gold | $4,697.10 | -$5.90 | -0.13% |
| WTI Oil | $100.78 | -$0.30 | -0.30% |
| Brent Oil | $105.38 | -$1.15 | -1.08% |
| EUR/USD | 1.17 | -0.00 | -0.22% |
| USD/JPY | 157.88 | +0.27 | +0.17% |
| 10Y Yield | 4.48% | +0.02 | +0.40% |
| US Dollar (DXY) | 98.48 | +0.16 | +0.17% |
Notable Voices
‘The Haters Will Hate’: Nasdaq 30,000 Call — Dan Ives, CNBC (2026-05-11)
Ives expects Nasdaq 30,000 within a year, framing the current move as the “third inning” of the AI revolution and pointing to a memory super-cycle in chips. He sees another 15% upside in tech for 2026 and calls Apple the “toll collector” for consumer AI adoption.
2026: ‘Joy, Depression, and Rally’ — Tom Lee, Fundstrat (May 2026)
Lee targets S&P 500 7,700 by year-end and tags small caps as the year’s winners on earnings recovery, capex, eventual Fed cuts, and deregulation. He frames the 2018–2035 era as a structural labor-shortage backdrop forcing sustained tech spending.
Warns of Market Reckoning, Recommends Copper — Chamath Palihapitiya, CapitalAI Daily (May 2026)
Palihapitiya sees a reckoning within ~500 days, arguing there is “not a scintilla of evidence” AI has yet lifted corporate margins despite infrastructure valuations being defensible. He flags power infrastructure scarcity as the next constraint and calls copper his 2026 asset of choice.
A 30-Year Pattern Reversed: Disinflation Ahead — Cathie Wood, ARK Invest (May 2026)
Wood expects inflation to surprise lower, the dollar to rally, and AI to drive structural deflation as capex breaks through a multi-decade ceiling. She cites real-time inflation near 1% and productivity around 3%, and reiterates a $28T crypto market cap target by 2030.
Stocks Need Lower Rates as ‘Oxygen’ — Jim Cramer, CNBC (2026-05-12)
Cramer argues a sustained rally requires lower rates and notes that data-center and AI capital is now flooding every sector from utilities to industrials. He flags consumer weakness from geopolitical tensions as a risk to defensive retailers.
Massive Disruption Ahead — Eighth Inning of a Bubble — Stanley Druckenmiller, The Acquirer’s Multiple (March 2026)
Druckenmiller calls AI and NVIDIA dominant themes but warns valuations sit at the top end of historical ranges. He pegs narrative-driven bubbles as the chief risk and suggests we’re in the eighth inning of a potential bubble despite stretched fundamentals.
Reflections on Oaktree Conference 2026 — Howard Marks, Oaktree Capital (May 2026)
Marks sees a market that once again punishes mistakes, with meaningful dispersion opening up in credit. He emphasizes selective positioning and mispricings within credit brackets as the normalization plays out.
US Entering ‘Great Turbulence’ — Ray Dalio, Bloomberg (2026-05-07)
Dalio warns of years of turbulence from deficits, wealth inequality, political division, geopolitics, and AI. He stresses the decline in money value as the paramount story, flags AI bubble risk, and pegs long-run equity returns at just 4.7% with higher volatility.
Cautions on Market Overexuberance — Jamie Dimon, CNBC (2026-05-13)
Dimon notes affluent consumers are thriving while lower-income segments struggle, and warns the risk picture — geopolitics, elevated asset prices, credit recession severity — is more complex than near-term resilience suggests.
‘Markets Are Like a Church With a Casino Attached’ — Warren Buffett, Fortune (2026-05-02)
Buffett critiques the gambling tilt of one-day options and prediction markets. With $373B in cash, Berkshire will deploy only on “big” declines — not mild corrections — and Buffett notes only five of his 60 years presented “really juicy” opportunities.
Market Outlook
Equities punched to fresh highs even as April PPI came in at 6.0% YoY — double the consensus and a clear divergence from the 3.8% CPI print — with the rally narrowly led by AI megacaps (Apple touched $300, Alphabet +3.4%, NVIDIA +2.9% above its prior 52-week high) while the Dow drifted red. The PPI shock and the 10-year yield at 4.48% suggest the bond market is taking inflation re-acceleration seriously even as equity buyers focus on AI capex flows; the gap between concentrated-mega-cap strength and broad-market hesitation warrants attention. Today’s tape also showed clear stress underneath — SOFI tumbling on accounting concerns, MSTR off 3% with crypto, and Nike pinned near 52-week lows on a Wells Fargo downgrade — reminders that dispersion is widening. NVIDIA earnings on May 20 are now the single biggest near-term catalyst, with the appeals-court tariff stay and the Trump-Xi summit in Beijing as parallel macro variables. Momentum favors the AI complex into earnings, but the inflation backdrop and Fed re-pricing leave little margin for disappointment.
This digest is for informational purposes only and does not constitute financial advice.
References
- TheStreet, “Stock Market Today (May 13, 2026)”, 2026.
- Al Jazeera, “US court pauses decision blocking Trump’s 10 percent global tariff”, 2026.
- CNBC, “For Chinese exporters, Iran worries eclipse tariff woes as Trump, Xi prepare to meet”, 2026.
- Washington Post, “Kevin Warsh is set to inherit a Federal Reserve under pressure”, 2026.
- Bernstein / Costco IR, “Costco Investor Relations”, 2026.
- CNBC, “NKE Quote and News”, 2026.
- CNBC, “Pfizer Q1 2026 Earnings”, 2026.
- Yahoo Finance, “UPS News”, 2026.
- Apple IR, “Apple Investor Relations”, 2026.
- CNBC, “AMZN Quote and News”, 2026.
- Yahoo Finance, “Circle Q1 USDC Surge”, 2026.
- Motley Fool, “460 Billion Reasons to Buy Alphabet”, 2026.
- Hims IR, “Hims & Hers Investor Relations”, 2026.
- CNBC, “INTC Quote and News”, 2026.
- Yahoo Finance, “Luna Innovations News”, 2026.
- CNBC, “META Quote and News”, 2026.
- 24/7 Wall St., “Strategy (MSTR) Price Prediction”, 2026.
- Investor Ideas, “Nuclear Stocks and AI Power Demand”, 2026.
- CNBC, “NVDA Quote and News”, 2026.
- Yahoo Finance, “Oklo Inc. (OKLO)”, 2026.
- Investing.com, “Why Is Rocket Lab USA Stock Surging Today”, 2026.
- CNBC, “SMCI Quote and News”, 2026.
- CNBC, “SMR Quote and News”, 2026.
- Timothy Sykes, “SoFi Technologies News May 13”, 2026.
- Investing.com, “H.C. Wainwright Cuts Tempus AI Target”, 2026.
- Foreign Policy Journal, “TSMC Stock Price Surged Over 103%”, 2026.
- Motley Fool, “Is UnitedHealth a Buy, Sell, or Hold in 2026?”, 2026.
- CNBC, “Dan Ives Predicts Nasdaq Rally”, 2026.
- Yahoo Finance, “Fundstrat’s Tom Lee Says 2026 Will Bring ‘Joy, Depression, and Rally’”, 2026.
- CapitalAI Daily, “Chamath Palihapitiya Warns of Incoming Market Reckoning”, 2026.
- ARK Invest, “A 30-Year Pattern Reversed: ITK with Cathie Wood”, 2026.
- CNBC, “Jim Cramer: Key for Stocks to Get Back into Rally Mode”, 2026.
- The Acquirer’s Multiple, “Stanley Druckenmiller: Massive Disruption Ahead”, 2026.
- Oaktree Capital, “Reflections on Oaktree Conference 2026 with Howard Marks”, 2026.
- Bloomberg, “Ray Dalio Says US Is Entering Period of ‘Great Turbulence’”, 2026.
- CNBC, “Jamie Dimon Says JPMorgan May Rethink London Office”, 2026.
- Fortune, “Warren Buffett: Markets Are Like a Church With a Casino Attached”, 2026.