RBLX News & Events

The major averages closed broadly higher as oil pulled back, though the ceasefire between the U.S. and Iran continues to be fragile. However, U.S. Defense Secretary Pete Hegseth said the ceasefire "certainly holds" and claimed that two U.S. commercial ships have already "safely transited the strait, showing the lane is clear."Meanwhile, earnings remain strong and AI capital expenditures continue to act as a structural tailwind. There is persistent capital flow into semis and hyperscalers, with expectations for massive multi-year spend cycles anchoring estimates higher.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Palantirprovided areport for Q1PayPalreportedand provided its outlook for Q2 and FY26Coinbaseannounced plans to, or 700 employeesPfizerreportedand reiterated its FY26 guidancePinterestreportedand provided Q2 revenue guidance2. WALL STREET CALLS:Ulta Beautyto Buy at BofA on improved earnings flywheelRobloxto Neutral at Piper Sandler on lack of visibilityArgusChipotleto Buy, expects comp growth to accelerateStephensRepay Holdings, sees "two binary outcomes"Tractor Supplyto Neutral at Piper Sandler3. AROUND THE WEB:FDA officials have blocked publication of several studies supporting the safety of widely used vaccines against Covid-19 and shingles in recent months, NY Times reportsHondaplans to shelve its $11B Canada EV plant as demand sputters, Nikkei reportsNissanis planning to cut roughly 10% of its European workforce and consolidate production lines at its Sunderland Plant as part of a broader restructuring effort, while exploring partnerships such as with Chery to utilize excess capacity and improve financial performance, FT saysBerkshirehas selected Gen Re chairman Charlie Shamieh to succeed Ajit Jain, Vice Chairman of Insurance Operations, when Jain decides to retire, Bloomberg reportsAppleis planning to release a new "Create a Pass' feature for its next iPhone software update, which will allow users to build and customize their digital tickets and gift cards in the Wallet app, Bloomberg says4. MOVERS:Backblazehigher afterand raising its guidance for FY26EverQuote, Digital Oceanand BRC Inc.increase afterDigi Power Xgains after signing aGeneDxlower afterand lowered its guidance for FY26BellRing Brandsand Adtranfalls after5. EARNINGS/GUIDANCE:Portillo's, with EPS and revenue missing consensusIPG Photonicsand provided guidance for Q2, with CEO Mark Gitin commenting, "I am pleased to share that first-quarter revenue came in above our expectations"Neuroneticsand backed its guidance for FY26Surgery Partnersand backed its guidance for FY26, with CEO Eric Evans commenting, "We are encouraged by our solid start to 2026"Expeditors, with EPS and revenue beating consensusINDEXES:The Dow rose 356.35, or 0.73%, to 49,298.25, the Nasdaq gained 258.33, or 1.03%, to 25,326.13, and the S&P 500 advanced 58.47, or 0.81%, to 7,259.22.

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks.XBOX RESULTS:In its quarterly report last week, Microsoftreported that Q3 Xbox hardware revenue fell 33% year-over-year, with Xbox content and services revenue declining 5%, or 7% in constant currency. The results came not long after longtime Xbox CEO Phil Spencer announced his retirement, with former Microsoft CoreAI product head Asha Sharma taking his place.Commenting on the Xbox business, Microsoft CEO Satya Nadella said on the company's quarterly call that recent management changes, as well as cutting the price of Xbox Game Pass, are part of attempts to "win back fans" across its brands. "The team is recommitting to our core fans and players and shaping the future of play," Nadella said. "Last week's Game Pass changes are one example of how we are staying responsive to customer feedback."ROBLOX RESULTS:Robloxalso reported quarterly results last week, with the company's Q1 earnings per share coming in above consensus estimates but revenue coming in below. Average daily active users rose 35% year-over-year, with hours engaged rising 43% to 31B. Looking ahead, Roblox said it expects Q2 revenue growth to be in the range of 29% to 34% and bookings growth to be in the range of 8% to 12%, as well as a sequential decline in DAUs. Additionally, Roblox now sees FY26 revenue growth to be in the range of 20% to 25%, and bookings growth to be in the range of 8% to 12%.Following the report, multiple analysts downgraded Roblox, with Raymond James analyst Andrew Marok downgrading the stock to Market Perform from Outperform, saying the company's guidance reset confirms that its safety and discovery changes are creating larger than expected pressure on engagement and growth. Meanwhile, BofA downgraded Roblox to Neutral from Buy with a price target of $48, down from $165, after Q1 bookings came in "okay," but leading indicators deteriorated and Q2 guidance came in "well below expectations."On the flip side, some analysts were more bullish on Roblox following the report. For example, TD Cowen upgraded Roblox to Hold from Sell, noting the company cut its "overly ambitious" fiscal 2026 guidance. TD believes the stock's current valuation now better reflects the "facts on the ground" for Roblox. TD cites valuation for the upgrade, seeing some value in the stock.TAKE-TWO/BLOOMBERG:Take-TwoCEO Strauss Zelnick told Bloomberg's Jason Schreier said that expectations for upcoming 2026 game "Grand Theft Auto VI" are "so high" that it's "terrifying." "I think here our goal is to deliver to consumers something that's never been experienced before," Zelnick said in an interview with Bloomberg last week at the industry's Interactive Innovation Conference in Las Vegas. "Being on the sidelines but pretty close to the front of the sidelines is very, very exciting. And terrifying. Because the expectations are so high." "We never claim success before it occurs," Zelnick said about expectations the game will shatter sales records. "We have the most amazing creative teams. We not only encourage them to pursue their passions, we insist that they do it. We try to give them unlimited financial, creative human resources and then they aim to deliver perfection."TAKE-TWO/BOFA:BofA raised the firm's price target on Take-Two to $320 from $305 and keeps a Buy rating on the shares after having attended the IICON Video Game Conference in Las Vegas. What the firm heard leads it to believe "GTA VI" will cost $80, rather than its previously assumed $70 per unit, reports the analyst, who now forecasts $3.44B and $2.76B for "GTA VI" in FY27 and FY28 versus $3.21B and $2.63B forecast previously on unchanged respective unit forecasts of 45M and 26M.MORE VIDEO GAME NEWS:Microsoft's Halo Studios is working on remakes of "Halo 2" and "Halo 3,"Capcom USACOO Rob Dyer suggested that "Pragmata" might have a future as a franchise,

The major averages were broadly higher near noon as oil pulls back, though the ceasefire between the U.S. and Iran continues to be fragile amid new attacks in the Strait of Hormuz. However, U.S. Defense Secretary Pete Hegseth said the ceasefire "certainly holds" and claimed that two U.S. commercial ships have already "safely transited the strait, showing the lane is clear."Meanwhile, earnings remain strong and AI capital expenditures continue to act as a structural tailwind. There is persistent capital flow into semis and hyperscalers, with expectations for massive multi-year spend cycles anchoring estimates higher. Under the surface, dispersion remains high. Strong prints are still being rewarded while weaker forward visibility is getting punished.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Palantirprovided areport for Q1PayPalreportedand provided its outlook for Q2 and FY26Coinbaseannounced plans to, or 700 employeesPfizerreported better-than-expected Q1 results and reiterated its FY26 guidancePinterestreportedand provided Q2 revenue guidance2. WALL STREET CALLS:Ulta Beautyto Buy at BofA on improved earnings flywheelRobloxto Neutral at Piper Sandler on lack of visibilityArgusChipotleto Buy, expects comp growth to accelerateStephensRepay Holdings, sees "two binary outcomes"Tractor Supplyto Neutral at Piper Sandler3. AROUND THE WEB:Nissanis planning to cut roughly 10% of its European workforce and consolidate production lines at its Sunderland Plant as part of a broader restructuring effort, while exploring partnerships such as with Chery to utilize excess capacity and improve financial performance, FT saysBerkshirehas selected Gen Re chairman Charlie Shamieh to succeed Ajit Jain, Vice Chairman of Insurance Operations, when Jain decides to retire, Bloomberg reportsAppleis planning to release a new "Create a Pass' feature for its next iPhone software update, which will allow users to build and customize their digital tickets and gift cards in the Wallet app, Bloomberg saysTeslaCEO Elon Musk has indicated the European Union will soon green-light the company's "Full Self-Driving" system, but emails from European regulators show skepticism to the technology and its safety benefits, Reuters reportsMajor lenders including JPMorgan, Morgan Stanley, and Sumitomo Mitsuiare seeking to offload portions of growing AI-driven data center debt exposure-linked to heavy borrowing by companies like Oracleand CoreWeave, FT reports4. MOVERS:Backblazehigher afterand raising its guidance for FY26EverQuote, Digital Oceanand BRC Inc.increase afterDigi Power Xgains afterwith Cerebras SystemsGeneDxlower afterand lowered its guidance for FY26BellRing Brandsand Adtranfalls after5. EARNINGS/GUIDANCE:Portillo'swith EPS and revenue missing consensusIPG Photonicsand provided guidance for Q2, with CEO Mark Gitin commenting, "I am pleased to share that first-quarter revenue came in above our expectations"Neuroneticsand backed its guidance for FY26Surgery Partnersand backed its guidance for FY26, with CEO Eric Evans commenting, "We are encouraged by our solid start to 2026"Expeditors, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was up 0.49%, or 239.72, to 49,181.62, the Nasdaq was up 1.00%, or 249.79, to 25,317.59, and the S&P 500 was up 0.74%, or 53.38, to 7,254.13.