Fast Money Blog- 5/30/25
This week on Wall Street was dominated by a late Wednesday, May 28th, ruling by the U.S. Court of International Trade, that put a pause on President Trump’s global tariffs, saying that he overstepped his authority to impose them.
And in another twist, the very next day, a federal appeals court granted the Trump administration’s request to temporarily pause the lower-court ruling.
Most stock market experts expected the legal back and forward to cause extreme volatility in the stock market, however Wall Street seems to be more concerned with the long-term outlook on tariffs, as opposed to short-term legal maneuvers.
In other news, on Wednesday, May 28th, NVIDIA Corporation (NVDA) released its Q1 2026 earnings with record quarterly revenue of $44.1 billion, up 69% year-over-year.
How NVDA’s Revenue Broke Down
The company reported outstanding Data Center revenue of $39.1 billion, up 73% from a year ago. NVIDIA’s data center business includes GPU-accelerated data centers, AI software, and networking solutions.
It’s important to note that Nvidia’s Data Center revenue represents 88% of the company’s total sales.
NVDA’s gaming division, which includes its chips for playing 3D games, grew 42% year-over-year to $3.8 billion.
In addition, the company’s automotive and robotics division reported quarterly revenue growth of 72% to $567 million. Nvidia attributed the rise to strong sales of its chips and software for self-driving cars.
These revenue results are impressive considering the effect that the U.S. government’s export restriction has had on NVIDIA’s ability to sell chips to China.
However, I still see NVDA as a high-risk position in your portfolio. In my opinion, NVDA stock is not a get-rich quick stock due to its volatility.
Costco Wholesale Corporation (COST)
Yesterday, Thursday, May 29th, Costco posted their Q3 2026 earnings report and the good news is that they had quarterly top line revenue of $63.2 billion, up 8% year-over-year.
Here are some other quarterly highlights :
Costco's e-commerce sales increased 16%, while same-store sales were up 8% in the U.S.
Once again, Costco’s fresh foods category and meats category saw strong sales, while Costco’s private label brand, Kirkland Signature, outpaced sales growth in every category.
These results continue to show that consumers are seeking value during the rollout of Trump’s tariffs.
Going forward, the company says they have been working on ways to reduce tariff costs while still keeping prices low. Luckily, compared to other retailers, items brought in from China represent only 8% of Costco’s U.S. sales.
If you are a Costco shareholder you made a great decision. If you hold on to the stock for the long-term, you will be rewarded. Costco is a very smart investment choice.
Overall, the market has been range-bound because of the uncertainty with the economy. 3-week out-of-the-money covered calls are the best trade in a market like this.
If you enjoy actively trading, sell the first available out-of-the money calls to get the largest premium.
If you are a more advanced trader, selling covered calls at least $5 to $10 out of the money will increase your chances of keeping the shares and collecting the premium.
Stay focused. Stay disciplined.
Tyrone Jackson, The Wealthy Investor