PSKY News & Events

The major averages closed fractionally higher amid a sharp decline in oil prices. Crude prices dropped sharply amid improved optimism around U.S.-Iran negotiations, though a deal to reopen the Straight of Hormuz is not yet clinched. AI enthusiasm continues dominating equity leadership. Semiconductor names and hyperscaler-related infrastructure plays remain the strongest part of the market, even as analysts increasingly debate whether the rally has become too narrow and valuation-sensitive.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dick's Sportingreported, reiterated its FY26 earnings outlook, and said it sees $200M in charges in FY26 from the Foot Locker acquisitionZscalerprovided areport for Q3, but analysts called its Q4 guidance "underwhelming"Abercrombie & Fitchreportedand reiterated its FY26 guidanceBank of Montrealreported aand boosted its quarterly dividendSherwin-Williamsand Nippon Paintconfirmed aAkzoNobel2. WALL STREET CALLS:FedExto Overweight at JPMorganVerra Mobilityto Underweight at JPMorgan and cut to Neutral-equivalent ratings by at least five other firmsSanDiskto Overweight at BarclaysDeutsche BankDollar Generalwith its customer base "increasingly challenged"MGM Resortsat Truist and JPMorgan3. AROUND THE WEB:Metais selling consumer subscriptions to its Meta AI chatbot for the first time, Bloomberg reportsNvidia'sCEO said the company plans to invest about $150B per year in Taiwan, describing it as the "epicentre" of the AI revolution and a long-term global hub for technology manufacturing, Reuters reportsParamount'sproposed $110B acquisition of Warner Bros. Discoveryis moving toward likely approval by U.S. antitrust regulators following a recent Justice Department meeting, Reuters saysMicronhas hit $1T market value for the first time, driven by AI demand for its memory chips, CNBC reportsBolloreCEO Cyrille Bollore was urging Universal Music Group'smanagement to reject Bill Ackman's takeover proposal, Reuters reports4. MOVERS:Digital Turbinegained afterand providing guidance for FY27Opendoor Technologiesincreased afterin the Russell 3000 IndexRed Catwas higher after H.C. Wainwrightcoverage of the stock with a Buy ratingPDD Holdingsfell in New York afterSatellogicwas lower after5. EARNINGS/GUIDANCE:Bath & Body Worksand provided guidance for Q2 and FY26Capri Holdings, with CEO John Idol commenting, "Looking at fiscal 2026 we were encouraged by the progress we made executing against the strategic initiatives introduced last year"Dycom, with EPS and revenue beating consensusManchester Unitedand raised its guidance for FY26Monroand announced it will not provide guidance for FY27INDEXES:The Dow rose 182.60, or 0.36%, to 50,644.28, the Nasdaq gained 18.55, or 0.07%, to 26,674.73, and the S&P 500 advanced 1.24, or 0.016%, to 7,520.36.

The major averages were mixed near noon, with the Dow Jones advancing as oil prices decline, though the S&P 500 and Nasdaq were down fractionally amid weakness in cybersecurity stocks. Treasury yields are pulling back slightly after a relentless surge over the past two weeks, with the 10-year yield moving down from recent highs near 4.5%. Markets are responding to signs that a potential Iran ceasefire or peace framework could ease oil-driven inflation pressure. Lower yields are giving technology and semiconductor stocks room to rebound.Crude prices dropped sharply after optimism around U.S.-Iran negotiations improved, with Brent crude falling back below $100 a barrel after briefly spiking during recent Strait of Hormuz tensions. AI enthusiasm continues dominating equity leadership. Semiconductor names and hyperscaler-related infrastructure plays remain the strongest part of the market, even as analysts increasingly debate whether the rally has become too narrow and valuation-sensitive.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dick's Sportingreported, reiterated its FY26 earnings outlook, and said it sees $200M in charges in FY26 from the Foot Locker acquisitionZscalerprovided areport for Q3, but analysts called its Q4 guidance "underwhelming"Abercrombie & Fitchreportedand reiterated its FY26 guidanceBank of Montrealreported aand boosted its quarterly dividendSherwin-Williamsand Nippon Paintconfirmed aAkzoNobel2. WALL STREET CALLS:FedExto Overweight at JPMorganVerra Mobilityto Underweight at JPMorgan and cut to Neutral-equivalent ratings by at least five other firmsSanDiskto Overweight at BarclaysDeutsche BankDollar Generalwith its customer base "increasingly challenged"MGM Resortsat Truist and JPMorgan3. AROUND THE WEB:Nvidia'sCEO said the company plans to invest about $150B per year in Taiwan, describing it as the "epicentre" of the AI revolution and a long-term global hub for technology manufacturing, Reuters reportsParamount'sproposed $110B acquisition of Warner Bros. Discoveryis moving toward likely approval by U.S. antitrust regulators following a recent Justice Department meeting, Reuters saysMicronhas hit $1T market value for the first time, driven by AI demand for its memory chips, CNBC reportsFord'sstock has surged to its highest level in nearly three years after the company announced a new energy-storage subsidiary, Ford Energy, WSJ saysBolloreCEO Cyrille Bollore was urging Universal Music Group'smanagement to reject Bill Ackman's takeover proposal, Reuters reports4. MOVERS:Digital Turbinegains afterand providing guidance for FY27Opendoor Technologiesincreases after announcing its inclusion in theRed Cat (RCAT) higher after H.C. Wainwrightof the stock with a Buy ratingPDD Holdingsfalls in New York afterSatellogiclower after announcing a5. EARNINGS/GUIDANCE:Bath & Body Worksand provided guidance for Q2 and FY26Capri Holdings, with CEO John Idol commenting, "Looking at fiscal 2026 we were encouraged by the progress we made executing against the strategic initiatives introduced last year"Dycom, with EPS and revenue beating consensusManchester Unitedand raised its guidance for FY26Monroand announced it will not provide guidance for FY27INDEXES:Near midday, the Dow was up 0.34%, or 172.46, to 50,634.14, the Nasdaq was down 0.18%, or 48.62, to 26,607.56, and the S&P 500 was down 0.10%, or 7.26, to 7,511.86.

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.PREDICTION MARKETS:In a post on Truth Social, President Trump stated, "It is critically important that the CFTC's exclusive authority over Prediction Markets is maintained, and that they will thrive. Under my leadership, we are setting "rules of the road" that are the Gold Standard for the States. We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules! Other Countries are after this new form of Financial Market, and we want to remain at the top. Likewise, and even more importantly, where we are currently the Crypto, etc.) Capital of the World, other Countries are trying diligently to replace us in that capacity, but we won't let that happen. It is a major Industry, and we must protect it. Mike Selig, CFTC Chairman, and respected by all, is doing a great job."PARAMOUNT, WARNER DEAL:Paramount'sproposed $110B acquisition of Warner Bros. Discoveryis moving toward likely approval by U.S. antitrust regulators following a recent Justice Department meeting, where the deal's outlook improved after discussions including commitments around theatrical film releases, Semafor's Liz Hoffman and Rohan Goswami. According to the report, the Department of Justice staff attorneys seemed swayed by arguments from top Paramount executives that the deal would not hurt other studios and creative talent.BANKING CHARTERS:Crypto companies and financial tech startups are seeking licenses to enter the traditional banking industry, Stacy Cowley of The New York Times. Dozens of financial firms have applied for banking charters, including PayPal, Affirm, World Liberty Financial, all of Detroit's Big Three automakers, and a wave of other cryptocurrency brokers and merchants. These firms are taking advantage of Trump's admin policies meant to creating more banks.