Did you know that a broad participation in the stock market often signals a healthier and more sustainable rally compared to when only a few leading stocks drive the gains?

With a strong rally supported by multiple sectors, what marvelous investment opportunities await us around the corner?

In today’s edition of Equity Eats, here's what you can expect:

• Some People Insist That The Glass Is Half Empty Even When It’s Clearly Not: First, we’ll discover how the stock market is evolving with most stocks in the S&P 500 outperforming the tech giants 🥤

• Walmart—A Bellwether For Consumption Posts Strong Earnings: Next, we’ll look into Walmart’s recent earnings report 💪

• Upside Down World: Finally, we’ll examine the current socio-economic challenges and the importance of standing firm in the face of ideological and leadership crises 😵‍

Stay informed and ahead of the curve with our expert insights and analyses!

Some People Insist That The Glass Is Half Empty Even When It’s Clearly Not 🥤

For the past two years, many investors complained that the stock market rally was much too narrow, that only the Magnificent 7 stocks were participating, leaving the rest of the stocks far behind.

However, something has changed in 2024.

Not only are most stocks in the S&P 500 participating in the rally, many of them are outperforming the Mag 7, but the worry is that without tech leading the charge, the stock market may quickly run out of steam 💨

Sorry bears, you just can’t have it both ways.

Tech is still thriving, it’s just that some other sectors are thriving even more 🚀

Walmart—A Bellwether For Consumption Posts Strong Earnings 💪

Walmart, the world’s largest retailer, reported  first quarter adjusted earnings of 60 cents a share, beating analysts’ forecasts that called for profit of 53 cents.

Same-store sales, which measure sales growth at outlets open for more than a year, rose 3.8%, better than estimates of 3.7%.

Earnings were “stronger than we anticipated,” said CEO Doug McMillon on a call with investors 📈

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Upside Down World 😵‍

Our media is deeply and backwardly ideological, our elite universities have lost their way, and our leadership is delusional.

It’s not the first time in history that the world has lost its way.

Those who are able to see straight must stand firm and strong ⛰️

Good must triumph over evil for the sake of the world and the financial markets.

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