May's Broader Market Blowout Boosts Subscriber Profits

Market Performance - The Dow Jones Industrial Average (DJI) achieved its best week of 2024, marking an eight-day winning streak, the longest since July 2023, and surpassed 40,000 for the first time [1] - The broader market has provided weekly gains, resulting in impressive profits for investors, particularly in blue-chip stocks [1] Company Highlights - American Express Company (NYSE:AXP) and RTX Corp (NYSE:RTX) trades yielded profits of 111% and 207% respectively for subscribers [1] - Amphenol Corporation (NYSE:APH) experienced a significant rally following a first-quarter earnings and revenue beat, leading to a record high of $132.08 and a 111% profit for a July 115-strike call option [2] Technical Analysis - Amphenol Corporation's stock cleared key technical hurdles, including the 50-day moving average, and saw a surge in bullish sentiment following its earnings report and share buyback announcement [2] - The stock's average 12-month price target is $129.64, which is just below its current trading levels [2] Market Trends - The resurgence of meme stocks has captured Wall Street's attention, contrasting with more stable trading strategies that can yield significant returns without speculative risks [4][5][6]