FRSH News & Events

The major averages were broadly higher at midday following a report from Axios that the U.S. and Iran are nearing an agreement to end the war. Crude has gone from the primary headwind to a tailwind almost overnight, falling back below $100. Q1 growth is tracking near 25%-30%, one of the strongest rates since 2021, and estimates for the next 12 months are still being revised higher. AI remains the center of gravity with semis and hyperscalers leading again, with AMD becoming the latest AI-linked supplier to post a strong print.1. STOCK NEWS:Disneyreportedand provided its outlook for FY26 and FY27AMDreportedand provided upbeat Q2 revenue guidanceCVS Healthprovided areport for Q1Uberreported, with gross bookings up 25% year-over-yearCorningand Nvidiaannounced a, with Nvidia getting a warrant to buy up to 15M Corning shares2. WALL STREET CALLS:AMDto Buy or equivalent ratings at Goldman Sachs, Bernstein and Seaport after its Q1 earnings beatPalantirto Buy at Argus amid accelerating revenue growthMonster Beverageto Buy at Rothschild & Co RedburnRedditto Accumulate from Buy at Phillip SecuritiesTransMedicsto Perform at Oppenheimer3. AROUND THE WEB:DeepSeek is nearing a $45B valuation amid investment talks, FT reportsSamsung'smarket cap surpasses $1T, Reuters reportsAppleis in a $250M settlement over its delayed "AI Siri," FT saysIAC'sBarry Diller said he would "absolutely" buy CNN, WSJ reportsPayPalplans to cut 20% of its staff in the next few years, WSJ says4. MOVERS:Oscar Healthrises after the company reportedDaVitahigher after providing anLive Nationgains after multiple analystson the stock following Q1 resultsFreshworkslower afterCencorafalls despite provided areport for Q25. EARNINGS/GUIDANCE:Kraft HeinzreportedJohnson Controlsprovided aDeluxereportedAngireportedLumentumreportedINDEXES:Near midday, the Dow was up 1.10%, or 544.16, to 49,842.41, the Nasdaq was up 1.47%, or 373.51, to 25,699.63, and the S&P 500 was up 1.10%, or 80.16, to 7,339.38.

Stock futures are higher across the board as oil drops sharply on growing expectations of a U.S.-Iran de-escalation. Crude has gone from the primary headwind to a tailwind almost overnight, falling back toward $100. Q1 growth is tracking near 25%-30%, one of the strongest rates since 2021, and estimates for the next 12 months are still being revised higher. AI remains the center of gravity. Semis and hyperscalers are leading again, with strong prints from names like AMD. Chip-driven rallies in Asia and Europe are also reinforcing that this isn't just a U.S. story.In pre-market trading, S&P 500 futures rose 0.71%, Nasdaq futures rose 1.13% and Dow futures rose 0.90%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Corningup 19% after the company disclosed that, in connection with the long-term partnership with Nvidia, Corning entered into a securities purchase agreement with Nvidia pursuant to which the company issued and sold to Nvidia a warrant to purchase up to 15M shares of common stock of the companyUP AFTER EARNINGS -AMDup 14%Disneyup 6%Uberup 6%CVS Healthup 5%Oscar Healthup 9%Global Paymentsup 7%Littelfuseup 7%Insuletup 3%Instacartup 2%Apollo Globalup 2%Marriottup 1%Restaurant Brandsup 1%Fortisup 1%Kraft Heinzup 1%BorgWarnerup 1%DOWN AFTER EARNINGS -Freshworksdown 14%Angi Inc.down 11%United Therapeuticsdown 4%Skyworksdown 4%SolarEdgedown 2%Deluxedown 2%Johnson Controlsdown 1%

Strong performance by the cyclical and high-growth areas of the market continued to lead the markets higher on Tuesday, with S&P 500 and Nasdaq Composite setting fresh record highs.  Basic Materials, Tech, and Industrials were the best performing areas on the benchmark, and with Energy also up a decimal, all S&P 500 sectors ended the day in positive territory.In the evening hours, more good news from Tech earnings were compounded by constructive developments on the geopolitical front.  In semis, AMDwas up another 15% on better than expected results, spiking to fresh record highs above $400 per share, with the stock now having more than doubled from mid-March lows.  Among key hardware names, Super Microjumped 18% on better than expected Q3 results and Q4 guidance.  Meanwhile, further signs of progress in Middle East diplomacy is also boosting sentiment in the evening hours as President Trump posted on Truth Social that he is suspending "Project Freedom" whereby US was "guiding" commercial ships through the Strait of Hormuz.   S&P futures are up 0.4% and Nasdaq 100 is up 0.8% on the statement, with WTI Crude Oil down about $3 below $100 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Compassup 20.7%Super Microup 18.3%Flex Ltd.up 15.6%AMDup 14.9%Veeco Instrumentsup 13.0%International Flavors & Fragrancesup 5.8%Jazz Pharmaceuticalsup 4.9%Intappup 1.3%Live Nationup 1.1%Match Groupup 1.1%DOWN AFTER EARNINGS -Upstartdown 13.7%Angidown 13.6%Arista Networksdown 12.8%Teradatadown 9.3%Freshworksdown 7.5%Coupangdown 5.3%Skyworksdown 4.2%Strategydown 4.2%BJ's Restaurantdown 4.0%Qorvodown 2.4%Lumentumdown 2.0%