🔍 Investors Get Selective: Navigating the AI Investment Landscape🤖

Happy Friday, Bullseye Traders! 

As the curtain falls on Big Tech earnings, investors are shifting their gaze from the clouds ☁️ to the AI-fueled surge 🚀 happening right here, right now. Microsoft ($MSFT), Alphabet ($GOOG), and Amazon ($AMZN) are all basking in the glow of soaring cloud revenue, while costly AI hardware and infrastructure firms are feeling a bit like they've been left out in the cold after a 16-month rally.

Meta dropped hints about the necessity of "meaningfully" increased AI spending, leading to a 12% boost in its capex range. Even AI "laggard" Apple has jumped on the bandwagon, investing in AI servers faster than you can say "Siri, tell me about AI investments."

But hold your GPUs, folks! According to a recent survey of tech leaders, most don’t believe their infrastructure is "AI-ready," and 42% aren’t expecting a return on these AI investments until Elon Musk lands on Mars. 🚀

The AI hype train seems to be slowing down faster than a malfunctioning chatbot. Taiwan’s stock exchange, usually a barometer for AI excitement, saw its largest outflows last month since Oct. 2023, as chipmakers lowered their outlooks. Market sentiments have cooled toward chipmakers like AMD ($AMD), who barely managed to beat sales expectations but still faced a dip in shares. And let’s not forget Super Micro ($SMCI), whose revenue missed the mark, though they’re clinging to optimism like it’s the last byte of data on Earth. 🤖

But wait, there's a plot twist! Nvidia’s ($NVDA) upcoming earnings on May 22 will put this hypothesis to the test. Will they reignite the AI flames 🔥 or will investors be left with nothing but a cold silicon chip? Stay tuned!

SHAKERS AND MOVERS

Pfizer, CVS, & Estée Lauder

JNJ (+5%) Johnson & Johnson's $6.5 billion settlement for talc cancer cases is like applying a soothing balm to years of legal irritation (InvestorPlace)

SMCI (-14%) Super Micro Computer's stock took a nosedive faster than a server crash after its third-quarter revenue fell slightly short of expectations (CNBC)

PFE (+6%) Pfizer's stock shot up like a vaccine booster after breezing past analysts' first-quarter earnings forecasts thanks to robust sales of Covid treatment Paxlovid (IBD)

CVS (-17%) CVS hit a prescription for disappointment, revising its 2024 guidance and reporting a revenue miss that left analysts skeptical (YF)

EL (-13%) Estée Lauder's sales outlook is as shaky as a poorly blended foundation, blaming weak demand in China for its lower projections (Barron’s)

STREET SCOOPS: The Buzz Around Town

Barron’s: Powell brushed off stagflation fears like a speck of lint on his finely tailored suit, saying, "I'm scratching my head wondering where that notion sprouted from."

WP: The Biden administration aims to fuel sustainable jet fuel growth with tax credits, essentially giving the environment a turbo boost.

Time: Tesla pulled a disappearing act on its Supercharger team faster than you can say "recharge," leaving other automakers plugged into confusion.

SA: Google's chopping block swings again, as it trims its "core" like a bonsai tree while planting seeds in far-flung, budget-friendly locales.

Space.com: SES is staging an epic takeover, acquiring Intelsat in a cosmic chess move worth $3.1 billion, aiming to outmaneuver SpaceX's Starlink like a satellite in orbit.

Hey guys, we’ve been on a hot streak and our last swing pick generated ALMOST 4+% 🔥 

Did you get it?

If not, keep reading… 👇🏽

Over the past 150 trades, we boast an 81% success rate for our premium members! With the Bullseye Trades premium membership, we streamline stock selection, consistently offering fresh stock picks and insights to simplify the process for our members. As a premium subscriber, you gain instant access to the swing trades that we are actively taking allowing you to minimize the time spent navigating the complexities of the market and focus more on doing what you love to do.

Here are the last 5 swing trades we recently closed 🎯 

Our next alert is going out later today, don’t miss it 🤝 Click below to join 👇🏽

From yours truly 👋🏼