Stock Market Weekly Recap! June 2, 2017 | Summary and Q&A

TL;DR

The stock market had a good week, with the Dow up 0.6% and the Nasdaq up 1.5%. However, there are concerns about overvalued stocks and the need for a market correction.

Key Insights

• ❓ The Dow and Nasdaq had a positive week, with the Nasdaq outperforming other industries.
• 🎭 Some stocks performed well, while others struggled, indicating market volatility.
• 😚 The stock market closed at record highs despite disappointing non-farm payroll numbers.
• 🪡 Concerns about overvalued stocks and the need for a market correction persist.
• 😮 Macau Casino's gross gaming revenue rose significantly, reflecting strong growth in the industry.
• 💪 Lululemon reported strong earnings, exceeding expectations on both profits and revenue.
• 🥺 Restoration Hardware reported weak numbers, leading to a significant drop in their stock price.

Transcript

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Questions & Answers

Q: Why did the stock market close at record highs despite disappointing non-farm payroll numbers?

The stock market may have been resilient to the bad news due to factors like a Goldilocks period and the anticipation of corporate tax rate cuts.

Q: Which stocks performed well this week?

Palo Alto Networks, J Jill, and Maui Land and Pineapple Company all had strong performances this week.

Q: Why are there concerns about overvalued stocks?

There is a growing list of massively overvalued companies in the stock market, some of which have no profits or are trading at ridiculous valuations. This raises concerns about the overall health of the market.

Q: Are there any upcoming events to watch out for in the stock market?

Dave and Buster's earnings report and the US oil rig count are two key events to pay attention to next week.

Summary & Key Takeaways

• The stock market had a positive week, with the Dow up 0.6% and the Nasdaq up 1.5%, but concerns about overvalued stocks and the need for a market correction persist.

• Several stocks performed well, including Palo Alto Networks, J Jill, and Maui Land and Pineapple Company, while stocks like Restoration Hardware and Boot Barn struggled.

• The biggest story of the week was the stock market closing at record highs despite disappointing non-farm payroll numbers.