Adyen (ADYEN) shares dropped 2.5% after Q1 revenue of €620.8M marginally missed estimates, though processed volume of €382B exceeded expectations.
Author: Trader Edge
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U.S. stock futures climb as Iran peace deal nears and AMD surges 18% on strong earnings. Oil tumbles 7% while markets push toward record territory.
Stock markets rally on May 6 as U.S.-Iran peace deal nears and AMD jumps 18%. Oil falls sharply while S&P 500 and Nasdaq target new record highs.
Disney (DIS) reports Q2 earnings Wednesday with new CEO Josh D’Amaro. Analysts project $1.49 EPS and 50%+ streaming income growth. Stock down 12% in 2026.
MercadoLibre (MELI) reports Q1 earnings Thursday. Stock trades at $1,818 as analysts hold Moderate Buy rating with $2,685 target. Institutional ownership at 87.62%.
Gold jumped 2.3% to $4,662.70 as U.S.-Iran ceasefire signals and a weaker dollar boosted prices, while Federal Reserve rate hike fears temper the rally.
Intel (INTC) shares surged 13% on Apple chip talks, Q1 earnings beat, and SambaNova deal clearance. Analysts remain cautious despite the rally.
Oil prices dropped 6% Wednesday as the U.S. and Iran reportedly near a deal to end hostilities and reopen the Strait of Hormuz to commercial shipping.
Arista Networks (ANET) dropped 14% after hours despite Q1 beat. Revenue hit $2.71B, but margin concerns and full-year guidance sparked investor selloff.
Rivian (RIVN) CEO confirms mystery R2 EV variants in development, possibly including R2X performance model, with deliveries starting June 2026.
Joby Aviation (JOBY) stock fell after Q1 earnings, reporting $24M in revenue and $2.5B cash, while advancing FAA certification for its 2026 launch.
Novo Nordisk (NVO) stock climbs after Q1 earnings beat with $15.17B revenue. Oral Wegovy pill surpasses 2M prescriptions, prompting improved 2026 outlook.
Astera Labs (ALAB) stock gained 7% after reporting Q1 earnings beat with $308M revenue, up 93% YoY. Strong Q2 guidance and PCIe Gen6 growth drive optimism.
Samsung stock soared 15% to $1 trillion market cap after posting record Q1 earnings. AI memory chip demand and HBM4 production drive historic rally.
SanDisk (SNDK) surged 9.64% Tuesday after Jim Cramer’s bullish comments, extending its 480% year-to-date gain as memory stocks rally across the board.