TLDR

MARKET RECAP → The mighty Dow (DIA) strikes back! The OG index closed 1.51% higher on Friday for its best single day of gains in 2024. Closing out the month, Salesforce (CRM) bounced after a major drop yesterday, while Nvidia (NVDA) and other large tech stocks sank lower. Enter: June.

TRUMP STOCK TUMBLES → ⚖️ DJT stock fell ~9% after Trump’s guilty verdict on Thursday, sending shockwaves through the market and leaving investors bracing for further turbulence.

FROM DAIRY FARM TO BILLIONS → 🚜 Diane Hendricks, the richest self-made woman in the U.S., transformed her dairy farm grit into a multi-billion dollar empire with ABC Supply, embodying the American dream and inspiring entrepreneurs nationwide.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Trump Stock Tumbles

⚖️ Guilty Verdict: Donald Trump was found guilty on 34 counts, leading to significant market turbulence. The verdict encompassed a range of charges, including fraud and obstruction, shaking investor confidence.

📉 Stock Plunge: Following the guilty verdict, DJT stock fell ~9%, reflecting investor concerns about the future of Trump's business ventures and their market implications. This marked one of the steepest declines in recent history for the stock.

🌐 Market Reaction: The broader market reacted with caution as investors weighed the potential fallout from the verdict on Trump's extensive business empire. Analysts predicted continued volatility as the legal consequences unfold.

Here’s how DJT stock has performed year-to-date (“YTD”)

TODAY’S TOP NEWS

From Dairy Farm to Billions

🚜 Humble Beginnings: Diane Hendricks, the richest self-made woman in the U.S., grew up on a dairy farm, where she learned the value of hard work. Her upbringing laid the foundation for her incredible entrepreneurial journey.

💼 Business Empire: Co-founding ABC Supply, the largest wholesale distributor of roofing and siding materials in the U.S., Hendricks built a multi-billion dollar empire. Her strategic vision and determination propelled her company to great heights.

🌟 Inspiring Success: Hendricks' story is a testament to resilience and ambition. From milking cows to managing a vast business network, she exemplified the quintessential American dream, inspiring countless entrepreneurs along the way.

BULL VS. BEAR

NOTABLE POSTS

KEEP READING

Grads with these 10 master’s degrees have the highest average starting salaries—No. 1 earns over $100,000 (CNBC make it)

America’s richest self-made woman grew up on a dairy farm—now she has a net worth of $20.9 billion (CNBC make it)

China will restrict exports of some aviation, aerospace equipment to ‘safeguard national security’ (CNBC)

Twitch terminates all members of its Safety Advisory Council (CNBC)

Saudi Aramco offers nearly $11.5 billion in new stock for sale (CNBC)

Bill Ackman likely to back Donald Trump for president after supporting RFK Jr., Nikki Haley (CNBC)

What is a catalytic converter and why do people keep stealing them? (CNN)

US sues to split up Ticketmaster and Live Nation in a groundbreaking monopoly lawsuit (CNN)

New TikTok guidelines target weight loss drugs (Mashable)

NASA’s DART mission punched the Didymos asteroid in 2022 — now it’s time to go back (The Verge)

WHAT WE’RE WATCHING

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• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Notion AI — Notion AI is a writing assistant that can help you write, brainstorm, edit, summarize, and more

• Vimcal — Lightning-fast calendar and AI scheduling assistant

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