SATS News & Events

The major averages were higher near noon on the last trading day of the month, though traders continue to reassess whether the market can continue climbing alongside structurally higher interest rates.Oil prices have pulled back after further diplomatic signaling around Iran. Brent crude remains elevated historically, but has retreated from the sharp spikes seen earlier this month during peak Strait of Hormuz concerns. Meanwhile, Iran's armed forces reportedly fired missiles late Thursday and President Trump has yet to approve an extension of a ceasefire.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dell Technologiesprovided areport for Q1Costcoreported, though comparable-store sales rose 9.8% year-over-yearGapreportedand raised its FY26 net interest income outlookAutodeskprovided areport for Q1 and agreed to acquire MaintainX in a deal valued at $3.6BSeveral space stocks, including AST SpaceMobile, EchoStar, and Rocket Lab, were slipping after Blue Origin's New Glenn rocketin Cape Canaveral2. WALL STREET CALLS:SusquehannaDellto Positive, hiked its price target to $700HSBCSnowflaketo Buy on AI visibilityDeutscheAST SpaceMobileafter the Blue Origin New Glenn rocket explosionBest Buyto Neutral at UBSSentinelOneto Buy at BofA and downgraded to Market Perform at Raymond James after Q1 report3. AROUND THE WEB:Nvidia'splans to launch Rubin CPX, an inference-focused graphics processing unit for its Vera Rubin platform, has become "increasingly uncertain" as supply chain activity around the product appears to have stalled, The Elec saysMetais creating an Enterprise Solutions unit that embeds engineers and product managers directly with large corporate customers to accelerate adoption and deployment of its AI tools, The Information reportsJD.comfounder Liu Qiangdong has pledged to prioritize protecting the company's roughly 900,000 employees from AI-driven automation, Bloomberg reportsMassachusetts Attorney General Andrea Joy Campbell is suing UnitedHealth'sUnitedHealthcare, alleging the subsidiary purposefully made low-income older adults appear sicker to boost its bottom line, Stat News saysA battery plant partly owned by General Motorsis delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars, Reuters reports4. MOVERS:Replimuneincreases after announcing it willfor RP1 in combination with nivolumab following communications with the FDANetAppand PagerDutyhigher afterOktagains afterand raising its guidance for FY27Ambarellafalls afterand providing guidance for Q2iHeartMedialower aftertalks over a potential sale to Sirius XMare on pause5. EARNINGS/GUIDANCE:Genescoand raised its guidance for FY27Elmet, with EPS and revenue beating consensusTempus AIHealthEquityand raised its guidance for FY27UiPath, provided guidance for Q2, and raised its outlook for FY27INDEXES:Near midday, the Dow was up 0.75%, or 379.04, to 51,048.01, the Nasdaq was up 0.19%, or 50.30, to 26,967.77, and the S&P 500 was up 0.23%, or 17.75, to 7,581.38.

Stock futures are marginally higher, but momentum has slowed as traders reassess whether the market can continue climbing alongside structurally higher interest rates. Markets are relatively subdued as investors close out a volatile month dominated by inflation fears, rising bond yields, AI enthusiasm and geopolitical instability.Treasury yields remain elevated despite softer oil prices this week, reinforcing the idea that markets are becoming increasingly concerned about long-term fiscal dynamics rather than just short-term inflation. The 10-year Treasury yield is holding near 4.6%, while the 30-year remains above 5%, levels that are forcing investors to reconsider equity valuations after years of ultra-low-rate assumptions.Oil prices eased modestly after further diplomatic signaling around Iran. Brent crude remains elevated historically, but has pulled back from the sharp spikes seen earlier this month during peak Strait of Hormuz concerns. Markets are still extremely sensitive to energy headlines because oil has become one of the clearest transmission mechanisms into inflation expectations.Gold and silver are both under pressure as elevated real yields and a stronger dollar continue weighing on precious metals. Gold is increasingly trading less like a pure geopolitical safe haven and more like an interest-rate-sensitive asset, while silver remains especially volatile because of its dual role as both a monetary metal and an industrial AI-infrastructure commodity.In pre-market trading, S&P 500 futures rose 0.09%, Nasdaq futures rose 0.05% and Dow futures rose 0.24%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Krispy Kremeup 5% after disclosing that company director Bernardo Hees acquired $768,718 of stockUP AFTER EARNINGS -Dell Technologiesup 33%NetAppup 18%Elmetup 10%Oktaup 8%Genescoup 6%The Buckleup 1%DOWN AFTER EARNINGS -SentinelOnedown 15%Gapdown 15%American Eagledown 14%BitFuFudown 9%Autodeskdown 7%LOWER -AST SpaceMobile, EchoStarand Rocket Labdown 11%, 5% and 4%, respectively, after Blue Origin's New Glenn rocket exploded during a test in Cape Canaveral

The company states: "For the three months ended March 31, 2026, we generated revenue on a consolidated basis of $4,694 million, loss from operations of ($1.94B) and Adjusted EBITDA of $1.13B. In 2025, we generated revenue on a consolidated basis of $18,674 million, loss from operations of $(2,589) million and Adjusted EBITDA of $6,584 million. Our Space and Connectivity segments contributed the substantial majority of our consolidated revenue in the three months ended March 31, 2026 and the year ended December 31, 2025, demonstrating the benefits of their scale and operating leverage in our vertically integrated business model; For the three months ended March 31, 2026, our Space segment generated revenue of $619 million, loss from operations of $(662) million, and Segment Adjusted EBITDA of $(351) million. In 2025 , our Space segment generated revenue of $4,086 million , loss from operations of $(657) million , and Segment Adjusted EBITDA of $653 million . Additionally, our Space segment funded $930 million and $3,004 million in research and development expense during the three months ended March 31, 2026 and the year ended December 31, 2025, respectively, for our next-generation Starship launch vehicle program. Starship is designed to enable a step-function change in our launch capability across reusability, payload capacity, and launch cadence, and is the key enabler of our long-term growth strategy by unlocking entirely new categories of missions; For the three months ended March 31, 2026, our Connectivity segment generated revenue of $3,257 million, income from operations of $1,188 million, and Segment Adjusted EBITDA of $2,087 million. Our Connectivity segment, primarily driven by Starlink, generated revenue of $11,387 million , income from operations of $4,423 million, and Segment Adjusted EBITDA of $7,168 million in 2025 , representing year-over-year growth of 49.8%, 120.4%, and 86.2%, respectively, benefiting from subscriber growth, increasing enterprise adoption, and continued improvement in network efficiency; In our newly acquired AI segment, we plan to prioritize growth and investment to capture significant opportunities in AI applications and compute infrastructure. For the three months ended March 31, 2026, our AI segment generated revenue of $818 million, loss from operations of $(2,469) million, and Segment Adjusted EBITDA of $(609) million. In 2025 , our AI segment generated revenue of $3,201 million , loss from operations of $(6,355) million , and Segment Adjusted EBITDA of $(1,237) million , reflecting its earlier stage of development and continued investments to support long-term growth opportunities in AI; and * For the three months ended March 31, 2026, capital expenditures for our Space segment was $1,052 million, for our Connectivity segment was $1,332 million and for our AI segment was $7,723 million. In 2025, capital expenditures for our Space segment was $3,832 million, for our Connectivity segment was $4,178 million and for our AI segment was $12,727 million."

Notable gainers among liquid option names this morning include Dominion (D) $68.84 +7.11, ServiceNow (NOW) $101.40 +6.33, F5 Networks (FFIV) $383.80 +21.22, FactSet (FDS) $222.64 +10.06, and EchoStar (SATS) $143.30 +6.07.