Major Averages Decline Amid Stalled US-Iran Peace Talks
The major averages were broadly lower amid stalled peace negotiations between the U.S. and Iran as well as new escalation in the Strait of Hormuz. Investors are also balancing continued strength in corporate earnings and AI-driven optimism with rising geopolitical tension and macro uncertainty.The collapse of U.S-Iran peace talks has pushed oil prices higher, raising fresh concerns about inflation and global growth. Of note, Iran's Foreign Ministry spokesperson has said that no meeting between the U.S. and Iran is currently planned.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Verizonprovided areport for Q1Domino's Pizzareportedand announced an additional $1B share repurchase programShellARC Resourcesfor C$32.80 per shareSun PharmaOrganonfor $14 per share in an all-cash transactionChina has blocked Meta's2. WALL STREET CALLS:Snapto Buy at Rothschild & Co RedburnRothschildPinterestto Neutral from BuyMizuhoAdobeon intensifying competition from AIMizuhoCrowdStrike, citing "numerous exciting growth avenues"Campbell'sto Market Perform at Bernstein3. AROUND THE WEB:Samsungplans to withdraw from China's home appliance and television market this year, Nikkei Asia reportsAmazonhas entered a multiyear licensing deal with Oprah Winfrey, NY Times reportsBig tech companies are preparing to spend hundreds of billions of dollars on AI infrastructure, with most of their plans dependent on ASML, WSJ saysSouth Korea and Googlehave agreed to establish an AI campus in Seoul to strengthen collaboration with local engineers and startups, Reuters reportsBayeris hoping the U.S. Supreme Court can reduce or simplify the lawsuits over its Roundup weedkiller and potentially corral litigation that has cost the company over $10B, Bloomberg says4. MOVERS:Veradermicsgains after announcing its Phase 2/3 trial of VDPHL01 met allRE/MAX Holdingsincreases after announcing it will befor $13.80 per shareNokia (NOK) higher in New York after Argusthe stock to Buy from HoldCompass Therapeuticslower afterfrom its COMPANION-002 studyPoet Technologiesfalls after announcing thepurchase orders5. EARNINGS/GUIDANCE:Lakeland Financial, with CEO David Findlay commenting, "We started 2026 with robust, record net income for the second consecutive quarter"HBT Financial, with EPS and revenue beating consensusRepay Holdingsand reaffirmed its guidance for FY26WWreaffirmed itsand FY26 financial guidanceGold RoyaltyINDEXES:Near midday, the Dow was down 0.25%, or 123.57, to 49,107.14, the Nasdaq was down 0.28%, or 68.97, to 24,767.63, and the S&P 500 was down 0.14%, or 9.68, to 7,155.40.
Trade with 70% Backtested Accuracy
Analyst Views on SNAP
About SNAP
About the author

- Investigation Launched: Kuehn Law, PLLC is investigating whether Snap, Inc. executives breached their fiduciary duties to shareholders, with allegations that insiders failed to disclose material adverse facts regarding the company's advertising revenue growth rate.
- Revenue Growth Rate Plummets: The lawsuit claims that Snap's advertising revenue growth rate declined sharply from 9% in Q1 to just 1% in April, indicating a significant execution failure that could severely impact the company's financial health.
- Shareholder Rights Protection: Kuehn Law urges shareholders who purchased SNAP before April 29, 2025, to contact them promptly to enforce their rights within a limited timeframe, highlighting the importance of shareholder participation in maintaining market integrity.
- No Legal Fees: Kuehn Law states that all case costs will be covered by the firm, with no charges to investors, aiming to reduce the financial burden on shareholders and enhance accessibility to legal action.
- Securities Fraud Investigation: Pomerantz LLP is investigating claims on behalf of Snap, Inc. investors regarding potential securities fraud or unlawful business practices, highlighting serious concerns about corporate governance.
- EU Probe Initiated: On March 26, 2026, the European Union launched an investigation into Snap's Snapchat platform, focusing on child safety, inadequate age verification, and the promotion of illegal products, which could expose the company to legal risks.
- Significant Stock Drop: Following the news of the investigation, Snap's stock price fell by $0.48, a decline of 10.69%, closing at $4.01 per share, reflecting market concerns about the company's future outlook.
- Law Firm Background: Pomerantz LLP is a premier law firm specializing in corporate, securities, and antitrust class litigation, having recovered millions for victims of securities fraud over its 85-year history, underscoring its influence in the industry.
- Stock Selection Strategy: Jim Cramer emphasizes his reluctance to buy heavily shorted stocks, as they typically lack earnings, and he would only consider investing if they have life-saving potential, reflecting his cautious approach to risk.
- Ondas Evaluation: Cramer points out that Ondas is a company with significant losses focused on intelligent or autonomous systems, but he sees a lack of distinctiveness, indicating his preference for innovation in investment choices.
- Halliburton's Investment Potential: Cramer praises Halliburton for its strong performance even in a bad oil market, asserting that it has been a great stock in favorable conditions, highlighting its resilience and investment value in the energy sector.
- Nokia's Technological Edge: Cramer expresses optimism about Nokia, noting its strong technological capabilities, and despite past volatility, its comeback suggests market recognition of its technology, hinting at potential future growth.
- Upgrade Impact: Rothschild Redburn upgraded Snapchat's stock from Neutral to Buy and doubled its price target to $10.00, resulting in a 7.9% morning surge, reflecting increased market confidence in Snap's improving financial health.
- Advertising Growth: Analysts noted strong demand for Snap's core advertising business and growing subscription revenue, alongside effective cost management efforts, indicating a positive trajectory for future profitability.
- Optimistic Profit Expectations: The expectation for Snap to achieve GAAP profitability within the year, combined with the new price target, suggests significant upside potential for the stock, signaling a bullish outlook on the company's long-term profitability strategy.
- Market Volatility Analysis: Snap's shares have experienced 26 moves greater than 5% over the past year, and while today's increase is seen as meaningful, it does not fundamentally alter the market's perception of the business.
- Geopolitical Tensions: Stalled peace negotiations between the U.S. and Iran have led to rising oil prices, raising fresh concerns about inflation and global economic growth, as investors balance strong corporate earnings against geopolitical uncertainties.
- Earnings Performance: Verizon (VZ) reported a better-than-expected Q1, while Domino's Pizza (DPZ) posted disappointing results and announced an additional $1 billion share repurchase program, highlighting the varied market reactions to different companies.
- Acquisition Activity: Shell (SHEL) agreed to acquire ARC Resources (AETUF) for C$32.80 per share, while China blocked Meta's (META) acquisition of AI startup Manus, reflecting the complexities of the global M&A landscape.
- Market Index Fluctuations: Near midday, the Dow was down 0.25%, the Nasdaq down 0.28%, and the S&P 500 down 0.14%, indicating the market's sensitive response to geopolitical tensions and economic data.
- Memory Stocks Rise: Memory stocks like Sandisk and Micron surged as Melius Research highlighted sustained demand from the AI cycle, with Micron shares up 5% and Sandisk over 7%, indicating increased investor confidence and expected strong growth in the coming years.
- Strong Box Office Performance: Lionsgate Studios' film 'Michael' achieved $97 million in U.S. ticket sales and $217 million globally in its opening weekend, exceeding expectations by $30 million and becoming the highest-grossing biographical film, driving the stock up around 4% and reflecting strong market demand for quality content.
- Verizon's Earnings Beat: Verizon reported first-quarter adjusted earnings of $1.28 per share, surpassing the $1.20 expected by analysts, and raised its full-year guidance to $4.95-$4.99, leading to a 3% stock increase, showcasing the company's robust performance in a competitive telecom market.
- POET Technologies Plummets: POET Technologies' stock plummeted 48% after Celestial AI canceled all purchase orders and the company was accused of breaching confidentiality obligations, highlighting the critical importance of client relationships and contract compliance in the tech industry.











