Did you know that the term "bull market" originated from the way a bull attacks its opponents, thrusting its horns upward, symbolizing the rising market trends?

It is quite amusing to know that people use common animals to explain abstract concepts, even in the stock market.

In this edition, we’ll look at these topics:

• Wall Street’s Lone Bull: First, despite many predicting a decline, UBS Strategist Jonathan Golub forecasts a significant rise in the S&P 500 🐂

• Value Investors Buying Citigroup And Alphabet: Next, Bill Nygren shares his approach to value investing, emphasizing the importance of intangible assets in today’s information economy 💵

• Nvidia Closing In On Apple’s Market Share: Finally, Nvidia's impressive rally brings it close to surpassing Apple as the largest U.S. company 📈

Stay tuned as we give you these insights and more, helping you navigate the stock market with confidence and clarity. Off we go!

Wall Street’s Lone Bull 🐂

Most Wall Street equity strategists predict that the high is in for the stock market, and the S&P 500 will end the year lower.

One exception is UBS Strategist Jonathan Golub.

He expects the S&P 500 to finish the year at 5600, which represents another 6% increase from current levels and a 17% gain for the year 📈

Without any catalyst for a pullback, it probably makes sense to continue to run with the bull.

Value Investors Buying Citigroup And Alphabet 💵

Bill Nygren, an eclectic value investor, tries not to get too caught up in the market’s latest vagaries.

“Buying great businesses at average prices is just as much value investing as buying average businesses at great prices,” says Nygren.

In calculating a stock’s valuation, Nygren says, it’s important to consider intangible assets such as research and development, intellectual property, and customer acquisition costs 📊

“As the economy has moved to more of an information economy, intangible assets have become much more important.”

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Nvidia Closing In On Apple’s Market Share 📈

Nvidia’s rally has taken its market capitalization to $2.8 trillion, making it the second-largest company in the United States after Apple, which has a market capitalization of $29 trillion.

Nvidia would have to rise by an additional 3% to overtake Apple.

A potential catalyst for Nvidia could come as soon as Sunday when CEO Jensen Huang is set to give a keynote speech ahead of the Computex conference in Taiwan, with the topic set to be “a new industrial revolution.”

In addition to the speech, the conference will likely have plenty of other companies looking to highlight their collaboration with Nvidia 👀

However, Apple has its own major event coming up, with its Worldwide Developers Conference, or WWDC, to be held online June 10-14.

The company is widely expected to announce the integration of artificial intelligence into its iPhones, including a refreshed version of its Siri digital assistant.

While the AI frenzy has led the two stocks to diverge so far, with Nvidia massively outperforming Apple, there’s no reason to think both Nvidia and Apple can’t benefit from the technology in the future 💰

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