Marvell (MRVL) fell 7% on valuation concerns despite AI momentum. Insiders sold $26M and analyst targets point to 24% downside. Earnings on May 27.
Author: Trader Edge
Read More
DraftKings (DKNG) stock drops 1.4% premarket after Q1 earnings miss at 20 cents per share despite beating revenue estimates with $1.65B, up 17% year-over-year.
Rocket Lab (RKLB) surges 7.5% after beating Q1 estimates with $200M revenue, $2.2B backlog, and major defense contracts including Golden Dome program.
Gilead Sciences (GILD) stock dropped ~2% after Q1 earnings as acquisition charges totaling $11.5B led to a full-year EPS guidance cut to a loss.
Affirm (AFRM) delivered exceptional Q3 results with revenue up 33% and EPS beating by 79.5%, yet the stock remains down 9.5% year-to-date in 2026.
Oil prices climbed after U.S.-Iran military exchange near Strait of Hormuz. Brent holds above $100 despite weekly losses as shipping route remains disrupted.
Airbnb (ABNB) stock falls 1% premarket after Q1 earnings miss at $0.26, though revenue topped forecasts at $2.68B and 2026 guidance improved.
CoreWeave (CRWV) shares declined over 5% despite beating Q1 estimates with $2.08B revenue as Q2 guidance missed Wall Street’s $2.69B forecast.
The Trade Desk (TTD) stock dropped 15% premarket after missing Q1 EPS estimates and issuing weak Q2 guidance, leading to three downgrades from Wall Street.
Whirlpool (WHR) stock plummeted 12% after halting its 70-year dividend and reporting a Q1 loss, cutting full-year guidance by more than half.
Gold exceeds $4,700 per ounce driven by central bank purchases and Middle East stability. Silver and platinum rally as traders monitor U.S. jobs data.
RBC Capital Markets ups S&P 500 target to 7,900, citing AI-driven growth in split economy. Healthcare downgraded amid weak earnings revisions.
Shopify (SHOP) beat Q1 estimates with $3.17B revenue and $100B GMV but dropped on Q2 guidance. Cathie Wood’s ARK bought $32.6M worth of shares on the dip.
TSMC (TSM) April revenue jumped 17.5% to $13.08B. Q2 forecast up to $40.2B on AI chip demand. Stock up 35% YTD. Analysts see 12% upside potential.
Goldman Sachs reaffirms $250 price target on Nvidia (NVDA) with raised estimates ahead of May 20 earnings, expecting a beat-and-raise quarter.