Costco is expected to report earnings next week as part of the tail end of the reporting season.
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Killik & Co's Weekly Market Update: 22nd May
May 22, 2026
The market update highlights strong S&P 500 performance driven by better-than-expected earnings, with Nvidia's results showing significant profit growth despite a slight stock dip. IBM saw a boost from government funding in quantum computing, while Walmart's stock fell due to concerns about consumer spending. The update also touches on UK inflation data and upcoming earnings from Salesforce, Costco, and SSE.
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Salesforce is expected to report earnings next week as part of the tail end of the reporting season.
Walmart's stock dropped 7% after its CFO indicated that lower-income consumers are becoming more budget-conscious, suggesting potential consumer stress.
IBM shares gained over 12% following the announcement of $2 billion in US government funding for quantum computing, with IBM receiving half.
Nvidia reported strong revenue and profit growth, but its stock dipped slightly, indicating high expectations.
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