MICC News & Events

The major averages were broadly higher near noon following the announcement that the U.S. will extend its ceasefire with Iran indefinitely. Traders even appear to be shrugging of comments from President Trump that Iran's government is "seriously fractured," along with news that Vice President JD Vance has paused his trip to Pakistan for peace talks. As equities rise, there are already reports of renewed tensions in the Strait of Hormuz and continued disruptions to shipping, which is keeping oil prices elevated.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Boeingreportedearnings and revenueAT&Treportedand reiterated its FY26 earnings guidanceAlibabaand Tencentare in talks to invest in DeepSeek,Elon Musk's SpaceX said it has thelater this year for $60BPalantirand the USDA signed a $300M2. WALL STREET CALLS:Wells FargoAirbnbto Overweight on "significant business inflection"BofATwilioto Buy from UnderperformBiogento Buy at UBSZscalerto Equal Weight at Morgan StanleyBarclaysPrudentialto a sell-equivalent rating amid "too many headwinds"3. AROUND THE WEB:Callisto Research says it is short Sportradar, "a self-styled 'Sports Integrity' leader with ties to illegal gambling, sanctioned parties, criminals, and a completely fake regulator."Robinhood'sventure fund is investing $75M in OpenAI, signaling a reconciliation after last year's dispute over Robinhood's tokenized "access" to OpenAI shares, which OpenAI publicly disavowed, NY Times saysInhibrx Biosciences'INBRX-106 cancer drug is drawing interest from Merckand Japan's Ono Pharmaceuticals, Reuters reportsAfter Bloomberg reported yesterday, citing sources, that Deutsche Telekomis considering a full combination with T-Mobile, CNBC's David Faber said his sources call such speculation "way ahead of itself" and that there is "nothing imminent at all" regarding any type of such dealMicronis pushing U.S. lawmakers to pass the "MATCH Act," which would tighten export restrictions on chipmaking equipment used by Chinese semiconductor firms and close gaps in existing controls, Reuters says4. MOVERS:GE Vernovaincreases afterand raising its guidance for FY26Kopin (KOPN) higher after being awarded afor optic modulesRogers Communicationsgains in New York afterbacking its guidance for FY26, and declaring a C$0.50 per share quarterly dividendCalix (CALX) lower afterand providing guidance for FY26Sonoco (SON) and TE Connectivityfall in New York after5. EARNINGS/GUIDANCE:NVR (NVR), with EPS and revenue missing consensusStifel, with EPS beating consensusMoodyand reaffirmed its guidance for FY26Masco, with CEO Jon Nudi commenting on "strong first quarter operating results in an extremely dynamic environment"Teledyneand raised its guidance for FY26INDEXES:Near midday, the Dow was up 0.68%, or 333.97, to 49,483.35, the Nasdaq was up 1.27%, or 307.88, to 24,567.84, and the S&P 500 was up 0.81%, or 57.01, to 7,121.02.

The major averages closed lower as investors continue to track Middle East tensions ahead of a ceasefire deadline. Oil advanced, though the price remains below $100 per barrel. Of note, the Foreign Minister of Iran stated in a: "Blockading Iranian ports is an act of war and thus a violation of the ceasefire. Striking a commercial vessel and taking its crew hostage is an even greater violation."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Applesaid that John Ternus willof the company, with Tim Cook transitioning to executive chairmanAmazonannounced an additionalUnitedHealthprovided areport for Q1GE Aerospacereportedand reiterated its FY26 guidance3Mreportedand reiterated its FY26 outlook2. WALL STREET CALLS:HSBCIntelto Buy on server CPU shipment growthKeyBancCrowdStriketo Overweight on AI tailwindsExxon Mobilto Peer Perform at Wolfe ResearchGraphic Packagingto Underperform at Raymond JamesNorthcoastCava Groupat Sell on "lofty' valuation3. AROUND THE WEB:Metais installing new tracking software on U.S.-based workers' computers to capture mouse movements, clicks, and keystrokes for use in training its AI models, Reuters reportsDeutsche Telekomis weighing a full combination with T-Mobile, Bloomberg saysMagnum Ice Cream'sshort interest in Europe has increased to 19% of shares available for trading, Bloomberg reportsA U.S. jury has found Uberliable for a sexual assault by a driver in 2019, handing Uber a second consecutive defeat in its first trials of more than 3,000 pending lawsuits, NY Times saysSalesforceCEO Marc Benioff dismissed the idea of vibe coded CRM replacing SaaS companies, saying data security and compliance make Salesforce indispensable, WSJ reports4. MOVERS:Velo3Dwas higher after announcing it willas an official sponsor and additive manufacturing technology provider for two 2026 IMSA Michelin Pilot Challenge eventsVaalco Energyincreased afterfrom its Gabon drilling program and well results from its Etame 14H wellLucidgained after Uberdisclosed aHycroft Miningfell after engaging with an engineering firm toAXT Inc.was lower after announcing an5. EARNINGS/GUIDANCE:Genuine Partsand reaffirmed its guidance for FY26RTX, with CEO Chris Calio commenting, "RTX delivered a very strong start to 2026"Quest Diagnosticsand raised its guidance for FY26D.R. Hortonand narrowed its guidance for FY26, with CEO David Auld commenting, "The D.R. Horton team delivered a solid second quarter"Synchrony, with EPS beating consensusINDEXES:The Dow fell 293.18, or 0.59%, to 49,149.38, the Nasdaq lost 144.43, or 0.59%, to 24,259.97, and the S&P 500 declined 45.13, or 0.63%, to 7,064.01.

The major averages are marginally lower near noon as investors continue to track Middle East tensions ahead of a ceasefire deadline. Sentiment has been supported by hopes around potential Iran-related talks despite uncertainty over the conflict's next phase. Meanwhile, oil was higher once again, though the price remains below $100 per barrel.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Applesaid that John Ternus willof the company, with Tim Cook transitioning to executive chairmanAmazonannounced an additionalUnitedHealthprovided areport for Q1GE Aerospacereportedand reiterated its FY26 guidance3Mreportedand reiterated its FY26 outlook2. WALL STREET CALLS:HSBCIntelto Buy on server CPU shipment growthKeyBancCrowdStriketo Overweight on AI tailwindsExxon Mobilto Peer Perform at Wolfe ResearchGraphic Packagingto Underperform at Raymond JamesNorthcoastCava Groupat Sell on "lofty' valuation3. AROUND THE WEB:Magnum Ice Cream'sshort interest in Europe has increased to 19% of shares available for trading, Bloomberg reportsMatch GroupCEO Spencer Rascoff's "primary focus" is winning over women, hoping this will arrest years of falling numbers and turn around Tinder's trajectory, FT saysA U.S. jury has found Uberliable for a sexual assault by a driver in 2019, handing Uber a second consecutive defeat in its first trials of more than 3,000 pending lawsuits, NY Times saysSalesforceCEO Marc Benioff dismissed the idea of vibe coded CRM replacing SaaS companies, saying data security and compliance make Salesforce indispensable, WSJ reportsDozens of allegations of customer financial fraud by former employees of Gibraltar Life Insurance, a Prudential Groupsubsidiary, have surfaced, Nikkei Asia reports4. MOVERS:Velo3Dhigher after announcing it willas an official sponsor and additive manufacturing technology provider for two 2026 IMSA Michelin Pilot Challenge eventsVaalco Energyincreases after providingfrom its Gabon drilling program and well results from its Etame 14H wellLucidgains after Uberin the companyHycroft Miningfalls after engaging with an engineering firm toAXT Inc. (AXTI) lower after announcing an5. EARNINGS/GUIDANCE:Genuine Partsand reaffirmed its guidance for FY26RTX, with CEO Chris Calio commenting, "RTX delivered a very strong start to 2026"Quest Diagnosticsand raised its guidance for FY26D.R. Hortonand narrowed its guidance for FY26, with CEO David Auld commenting, "The D.R. Horton team delivered a solid second quarter"Synchrony, with EPS beating consensusINDEXES:Near midday, the Dow was down 0.18%, or 86.83, to 49,355.73, the Nasdaq was down 0.18%, or 42.93, to 24,361.47, and the S&P 500 was down 0.27%, or 18.95, to 7,090.19.