Magnificent 7 Shareholder Meetings to Provide Glimpse of Economy

Macro Economic Overview - The US unemployment rate remains steady around 4.2%, with average hourly earnings decreasing to 3.8% year-on-year [2] - Recent CPI inflation data from February to April has been largely below estimates, indicating a cooling economic environment [2] - The latest Retail Sales report did not raise recession concerns, and upcoming PCE Price Index data may not fully reflect tariff impacts [3] Shareholder Meetings and Company Updates - Several key shareholder meetings for the Magnificent Seven companies are scheduled, including JPMorgan Chase on May 20 and Amazon on May 21 [6][10] - Amazon's shares rose over 8% following tariff rollbacks, although the company announced a small workforce reduction [10][11] - Meta Platforms is set to hold its AGM on May 28, having reported a 35% profit increase in Q1 and solid guidance for the year [12][13] - Netflix shares have increased by 29% year-to-date, with significant growth in its ad tier user base [14] - Alphabet has faced challenges despite a strong Q1 report, with its stock down over 10% in 2025 [15] Investment Banking and Market Trends - The financial sector is experiencing both challenges and opportunities, highlighted by a successful IPO from eToro and upgrades for KKR and Carlyle [7][8] - NVIDIA has seen a stock increase of over 50% since April, benefiting from recent deals in Saudi Arabia [17][18] - The overall Q1 earnings season has been strong, but the macro outlook remains uncertain, making upcoming shareholder meetings critical for investors [19][20]