Abercrombie & Fitch Co.

Best Buy Company, Inc.

Meta Platforms, Inc. Class A Common Stock

Alphabet Inc. Class C Capital Stock

Nordstrom, Inc.

Pinterest, Inc. Class A Common Stock

Ralph Lauren Corporation

Snap Inc.

The Trade Desk, Inc.

Good morning contrarians! Stocks are dropping again after disconcerting news for online advertisers after the close…

$SNAP’s news took down the likes of $FB $PINS $GOOG $TTD and others.

Today we look to a speech by Fed chair Jerome Powell and new home sales at 1000.

Also earnings from $BBY $RL $ANF and $JWN to perhaps provide some more intel on retailers, their margins, and the state of consumers.

What to expect from this whole smorgasbord is discussed in today’s briefing and podcast:
[https://contrarianpod.substack.com/p/powell-speech-new-home-sales-daily?r=ag2nj&s=w&utm_campaign=post&utm_medium=web](https://contrarianpod.substack.com/p/powell-speech-new-home-sales-daily?r=ag2nj&s=w&utm_campaign=post&utm_medium=web)

If people let $SNAP performance dictate their views of $META & $GOOGL, that demonstrates why most fail at trying to pick individual stocks. 



Eric Messenger

Stocks are dropping again after disconcerting news for online advertisers after the close…

https://contrarianpod.substack.com/p/powell-speech-new-home-sales-daily?r=ag2nj&s=w&utm_campaign=post&utm_medium=web

Powell Speech, New Home Sales: Daily Contrarian, May 24

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