News Bulletin
Thursday, May 07, 2026
Evening Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Thursday, May 7, 2026 |
||||
|
8:30 |
Initial Jobless Claims |
200K |
205K |
190K |
|
8:30 |
Nonfarm Productivity (QoQ)
(Q1) |
0.80% |
0.70% |
1.60% |
|
8:30 |
Unit Labor Costs
(QoQ) (Q1) |
2.30% |
2.60% |
4.60% |
|
8:30 |
Continuing Jobless Claims |
1,766K |
1,800K |
1,776K |
|
11:00 |
NY Fed 1-Year Consumer Inflation
Expectations (Apr) |
3.60% |
|
3.40% |
|
12:10 |
Atlanta Fed GDPNow
(Q2) |
3.70% |
3.70% |
3.70% |
|
15:00 |
Consumer Credit (Mar) |
24.86B |
12.50B |
8.85B |
Indices
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
49,596.97 |
47,873.19 |
47,308.63 |
|
NASDAQ |
25,806.20 |
23,135.27 |
22,800.75 |
|
S&P 500 |
7,337.11 |
6,846.90 |
6,749.31 |
Earnings Calendar:
(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC:
After Market Close)
|
COMPANY |
EPS Act |
EPS
Fore |
Rev
Act |
Rev
Fore |
Mkt Cap |
Time |
|
McDonalds MCD:US |
2.83 |
2.77 |
6.52B |
6.49B |
$204.45B |
AM |
|
Gilead Sciences GILD:US |
|
1.9 |
|
6.91B |
$167.57B |
PM |
|
Howmet Aerospace HWM:US |
1.22 |
1.1 |
2.31B |
2.24B |
$114.41B |
AM |
|
McKesson MCK:US |
|
11.57 |
|
101.36B |
$96.1B |
PM |
|
Airbnb ABNB:US |
|
0.31 |
|
2.62B |
$88.21B |
PM |
|
Monster Beverage MNST:US |
|
0.53 |
|
2.16B |
$79.67B |
PM |
|
Motorola Solutions Msi MSI:US |
|
3.24 |
|
2.7B |
$72.22B |
PM |
|
Vistra Corp VST:US |
1.31 |
1.32 |
5.64B |
5.57B |
$68.1B |
PM |
|
Republic Services RSG:US |
|
1.67 |
|
4.11B |
$63.2B |
PM |
|
Datadog DDOG:US |
0.6 |
0.5 |
1B |
959.94M |
$63.19B |
AM |
|
Grainger GWW:US |
11.65 |
10.19 |
4.7B |
4.56B |
$61.74B |
AM |
|
Sempra Energy SRE:US |
1.51 |
1.49 |
3.66B |
4.16B |
$58.03B |
AM |
|
Cheniere Energy LNG:US |
-16.65 |
3.91 |
5.87B |
5.27B |
$57.92B |
AM |
|
Targa Resources TRGP:US |
2.5 |
2.47 |
4.09B |
5.31B |
$56.18B |
AM |
|
Microchip Technology MCHP:US |
|
0.5 |
|
1.26B |
$54.31B |
PM |
|
Coinbase Global COIN:US |
|
0.35 |
|
1.59B |
$48.92B |
PM |
|
Becton, Dickinson and Co. BDX:US |
2.9 |
2.78 |
4.7B |
4.67B |
$43.59B |
AM |
|
Zoetis ZTS:US |
1.53 |
1.61 |
2.3B |
2.31B |
$40.48B |
AM |
|
Consolidated Edison ED:US |
|
2.29 |
|
5.05B |
$37.66B |
PM |
|
Kenvue Inc KVUE:US |
0.32 |
0.31 |
3.91B |
|
$33.97B |
AM |
|
EchoStar SATS:US |
|
-0.47 |
|
3.66B |
$33.65B |
AM |
|
Expedia EXPE:US |
|
1.33 |
|
3.34B |
$31.9B |
PM |
|
Tapestry TPR:US |
1.66 |
1.28 |
1.92B |
1.76B |
$30.44B |
AM |
|
Cheniere Partners CQP:US |
0.19 |
1.1 |
3.6B |
2.71B |
$29.77B |
PM |
|
Mettler Toledo International MTD:US |
|
8.7 |
|
942.3M |
$28.42B |
PM |
|
MACOM Technology Solutions MTSI:US |
1.09 |
1.07 |
289M |
285.16M |
$23.63B |
AM |
|
Corpay FLT:US |
|
5.46 |
|
1.21B |
$21.29B |
PM |
|
Viatris VTRS:US |
0.59 |
0.52 |
3.52B |
3.35B |
$19.47B |
AM |
|
Evergy EVRG:US |
0.69 |
0.68 |
1.44B |
1.2B |
$18.88B |
AM |
|
Trade Desk TTD:US |
|
0.121 |
|
689.66M |
$18.36B |
PM |
|
Carlyle CG:US |
0.89 |
1.1 |
254M |
1.07B |
$17.61B |
AM |
|
Akamai AKAM:US |
|
1.61 |
|
1.07B |
$17.46B |
PM |
|
Insmed INSM:US |
-0.76 |
-0.99 |
305.96M |
300.94M |
$16.27B |
AM |
|
Lamar Advertising LAMR:US |
1 |
0.9 |
528M |
524.98M |
$15.04B |
AM |
|
Reinsurance Of America RGA:US |
|
6.07 |
|
6.38B |
$14.1B |
PM |
|
Gen Digital SYMC:US |
|
0.65 |
|
1.24B |
$12.72B |
PM |
|
Somnigroup International TPX:US |
0.59 |
0.6 |
1.8B |
1.83B |
$12.42B |
AM |
|
Globus Medical GMED:US |
|
0.9 |
|
739.83M |
$12.16B |
PM |
|
Wynn Resorts WYNN:US |
|
1.27 |
|
1.81B |
$11.97B |
PM |
|
Primo Brands Corporation (US) COT:US |
0.23 |
0.19 |
1.63B |
|
$11.94B |
AM |
|
AAON AAON:US |
0.48 |
0.45 |
496.94M |
368.33M |
$11.68B |
AM |
|
Texas Roadhouse TXRH:US |
|
1.81 |
|
1.64B |
$10.61B |
PM |
|
Arrow Electronics ARW:US |
5.22 |
2.35 |
9.48B |
7.55B |
$10.09B |
AM |
|
Charles River Laboratories CRL:US |
2.06 |
1.93 |
995.8M |
980.73M |
$9.72B |
AM |
|
Arrowhead Research ARWR:US |
-0.93 |
-1.04 |
73.74M |
71.51M |
$9.68B |
PM |
|
Dillards DDS:US |
|
10.04 |
|
1.54B |
$8.86B |
AM |
|
Chart Industries GTLS:US |
|
2.47 |
|
1.12B |
$8.78B |
AM |
|
ESCO Technologies ESE:US |
|
1.69 |
|
301.6M |
$8.78B |
PM |
|
Middleby MIDD:US |
2.16 |
1.97 |
839.9M |
797.94M |
$8.5B |
AM |
|
Nexstar Broadcasting NXST:US |
5.09 |
4.45 |
1.4B |
1.27B |
$6.89B |
AM |
|
Paramount Skydance CBS:US |
|
|
|
|
$6.81B |
|
|
GATX GATX:US |
2.35 |
2.29 |
583.7M |
600.72M |
$6.65B |
AM |
|
Installed Building Products IBP:US |
1.79 |
1.98 |
660.5M |
670.77M |
$6.44B |
AM |
|
Teleflex TFX:US |
1.39 |
1.55 |
548.3M |
561.2M |
$6.34B |
AM |
|
Post POST:US |
|
1.76 |
|
2.08B |
$6.29B |
PM |
|
Lincoln National LNC:US |
1.6 |
1.69 |
5.31B |
4.99B |
$6.19B |
AM |
|
Paylocity PCTY:US |
|
2.58 |
|
489.91M |
$6.03B |
PM |
|
Terreno Realty TRNO:US |
|
0.34 |
|
122.79M |
$5.85B |
AM |
|
EPAM Systems EPAM:US |
2.86 |
2.75 |
1.4B |
1.4B |
$5.83B |
AM |
|
News NWS:US |
|
0.19 |
|
2.11B |
$5.82B |
PM |
|
MarketAxess MKTX:US |
2.25 |
2.12 |
233M |
230.48M |
$5.76B |
AM |
|
Lyft LYFT:us |
|
0.071 |
|
1.65B |
$5.7B |
PM |
|
Outfront Media OUT:US |
|
0.01 |
|
420.19M |
$5.39B |
PM |
|
Diodes DIOD:US |
|
0.31 |
|
376.55M |
$5.37B |
PM |
|
Axcelis Technologies ACLS:US |
0.72 |
1.01 |
199M |
207.23M |
$5.28B |
PM |
|
Nelnet NNI:US |
|
2.57 |
|
443.8M |
$5.23B |
PM |
|
BGC Partners BGCP:US |
0.41 |
0.35 |
955.5M |
831.77M |
$5.2B |
AM |
|
PTC Therapeutics PTCT:US |
|
-0.43 |
|
223.54M |
$4.97B |
PM |
|
Fortune Brands Innovations FBHS:US |
|
0.61 |
|
1.03B |
$4.9B |
PM |
|
ACI Worldwide ACIW:US |
0.61 |
0.28 |
426M |
410.12M |
$4.89B |
AM |
|
Hannon Armstrong Sustnbl
Infrstr Cap HASI:US |
|
0.69 |
|
110.9M |
$4.86B |
PM |
|
MDU Resources MDU:US |
0.39 |
0.39 |
606M |
678.96M |
$4.58B |
AM |
|
International Bancshares IBOC:US |
1.64 |
1.69 |
|
|
$4.53B |
PM |
|
RingCentral RNG:US |
|
1.17 |
|
642.73M |
$4.4B |
PM |
|
Trex TREX:US |
0.59 |
0.51 |
343M |
341.21M |
$4.36B |
AM |
|
Griffon GFF:US |
1.05 |
1.25 |
421.86M |
606.57M |
$4.35B |
AM |
|
Synaptics SYNA:US |
|
1.01 |
|
285.7M |
$4.23B |
PM |
|
Power Integrations POWI:US |
|
0.22 |
|
106.2M |
$4.15B |
PM |
|
Maximus MMS:US |
2.07 |
2.02 |
1.31B |
1.37B |
$4.13B |
AM |
|
Ligand Pharmaceuticals LGND:US |
1.63 |
1.82 |
51.72M |
59.38M |
$3.75B |
AM |
|
Avient AVNT:US |
0.83 |
0.81 |
847M |
844.5M |
$3.54B |
AM |
|
Olin OLN:US |
|
-0.73 |
|
1.6B |
$3.32B |
PM |
|
Howard Hughes HHC:US |
|
0.24 |
|
192.52M |
$3.26B |
PM |
|
ICU Medical ICUI:US |
|
1.76 |
|
522.3M |
$2.98B |
PM |
|
Haemonetics HAE:US |
1.29 |
1.27 |
346M |
337.03M |
$2.92B |
AM |
|
Netscout Systems NTCT:US |
0.52 |
0.62 |
203.31M |
198.65M |
$2.78B |
AM |
|
HUB HUBG:US |
|
0.39 |
|
885.76M |
$2.72B |
PM |
|
Spectrum Brands SPB:US |
1.25 |
1.02 |
708.9M |
683.24M |
$2.39B |
AM |
|
Insights NSIT:US |
2.88 |
2 |
2.13B |
2.12B |
$2.37B |
AM |
|
Six Flags FUN:US |
-2.57 |
-2.86 |
225.63M |
205.99M |
$2.29B |
AM |
|
Perdoceo Education CECO:US |
|
|
|
|
$2.27B |
PM |
|
Celldex Therapeutics CLDX:US |
|
-1.19 |
|
874.9K |
$2.22B |
PM |
|
DXC Technology DXC:US |
|
0.71 |
|
3.15B |
$2.14B |
PM |
|
Peloton Interactive pton:us |
0.06 |
0.074 |
631M |
619.16M |
$2.06B |
AM |
|
Ziff Davis ZD:US |
|
1.06 |
|
325.74M |
$2.03B |
PM |
|
Yelp YELP:US |
|
0.26 |
|
353.47M |
$1.98B |
PM |
|
Innospec IOSP:US |
|
1.19 |
|
459.19M |
$1.94B |
PM |
|
Weis Markets WMK:US |
|
|
|
|
$1.89B |
|
|
PDF Solutions PDFS:US |
|
0.21 |
|
59.7M |
$1.83B |
PM |
|
Walker & Dunlop WD:US |
1.02 |
0.26 |
301.3M |
266.76M |
$1.82B |
AM |
|
Veris Residential CLI:US |
|
|
|
67.94M |
$1.76B |
PM |
|
Topgolf Callaway Brands ELY:US |
|
0.25 |
|
651.45M |
$1.7B |
PM |
|
Arbor Realty ABR:US |
|
0.15 |
|
109.59M |
$1.56B |
AM |
|
TripAdvisor TRIP:US |
-0.11 |
-0.05 |
382.4M |
387.69M |
$1.54B |
AM |
|
RPC RES:US |
0.03 |
0.03 |
454.8M |
412.08M |
$1.51B |
AM |
|
Enovis ENOV:US |
0.89 |
0.82 |
589M |
573.22M |
$1.48B |
AM |
|
Leggett & Platt LEG:US |
0.15 |
0.25 |
918M |
935.96M |
$1.42B |
AM |
|
ICF International ICFI:US |
|
1.58 |
|
448.39M |
$1.39B |
PM |
|
NOW DNOW:US |
0.01 |
0.23 |
1.18B |
1.24B |
$1.39B |
AM |
|
NCR NCR:US |
0.1 |
0.12 |
606M |
610.6M |
$1.22B |
AM |
|
Tandem Diabetes Care TNDM:US |
|
-0.44 |
|
242.09M |
$1.21B |
PM |
|
Gibraltar Industries ROCK:US |
0.45 |
0.75 |
356.3M |
298.06M |
$1.17B |
AM |
|
Prospect Capital PSEC:US |
|
0.1 |
|
154.31M |
$1.14B |
PM |
|
Marcus & Millichap MMI:US |
-0.08 |
-0.07 |
171.5M |
165.95M |
$1.14B |
AM |
|
Papa John's International PZZA:US |
0.32 |
0.36 |
478.61M |
484.73M |
$1.06B |
AM |
|
XPLR Infrastructure NEP:US |
0.35 |
0.03 |
292M |
310.79M |
$1.01B |
AM |
|
Fox Factory FOXF:US |
|
0.09 |
|
349.67M |
$764.1M |
PM |
|
Gogo GOGO:US |
0.1 |
0.04 |
226.3M |
234.99M |
$580.2M |
AM |
|
Par Technology PAR:US |
|
0.06 |
|
116.95M |
$495.1M |
PM |
Market News:
Wall Street lost momentum on Thursday
and ended lower, as hopes for an imminent peace deal between the U.S. and Iran
faded after mixed messaging from Tehran. Those hopes took another hit after a
report that Washington was considering restarting an operation to safely guide
commercial ships through the Strait of Hormuz.
Just before the closing bell, Iran’s
state media reported that the U.S. had attacked an Iranian oil tanker, further
weighing on sentiment.
The benchmark S&P 500 index slid
0.4% to close at 7,335.66 points, the tech-heavy NASDAQ Composite shed 0.1% to
settle at 25,806.20 points, and the blue-chip Dow Jones Industrial Average
slipped 0.6% to conclude at 49,596.60 points.
"The stock market is digesting some
pretty heady gains recently. The war trade is unwinding further," Mark Luschini, chief investment strategist at Janney Montgomery Scott, said.
"Big cap tech and tech-adjacent
stocks, which had recently resumed their leadership, are rallying again. Risk
on sentiment is prevailing in general but overbought conditions may temper the
advance in the very near term," Luschini added.
Iran war peace hopes
Washington and Tehran have reportedly
been working with mediators on a one-page framework to once again restart talks
over a lasting peace deal. The discussions are seen kicking off next week in
Pakistan, according to the Wall Street Journal.
The paper added that a monthlong process would then look to resolve disputes over
Iran’s nuclear ambitions and relief from sanctions, however key disagreements
remain over areas like nuclear enrichment and inspections.
President Donald Trump suggested in
remarks at the White House on Wednesday afternoon that the U.S. had
"won" the war and that talks with Tehran had been "very
good" over the last 24 hours.
Iran, meanwhile, has provided more mixed
messaging. Iran’s state media said Tehran was still reviewing the U.S. proposal
and had not yet reached a conclusion, citing foreign ministry spokesperson Esmaeil Baqaei. But other media
reports cited an Iranian official who described the U.S. peace plan as an
American wish list.
According to CNN, Iran is anticipated to
give mediators their response by Thursday.
"[I]nvestors
appear to be taking the news as a signal that the U.S. and
Iran are strongly committed to not letting the conflict escalate again.
That alone was enough to propel Wall Street," Kyle Rodda,
senior financial market analyst at Capital.com, said.
Oil prices pare losses
Oil prices earlier slipped under $100 a
barrel against this backdrop, with traders attempting to determine the outlook
for a weeks-long shuttering of the Strait of Hormuz. The U.S. earlier this week
paused an effort called "Project Freedom" to
safely help commercial ships transit the strait.
CNN also reported that Iran had set up a
new protocol for tankers looking to transit the strait, where the ships need to
fill out a document titled "Vessel Information Declaration" which was
viewed by CNN. The document must be filled out or the ships risk attack, CNN
said.
Meanwhile, the Wall Street Journal said
Tehran wouldn’t allow the U.S. to reopen the strait with an "unrealistic
plan" and then exit the war without paying any reparations "for all
the damage inflicted on Iran," citing comments from senior official Mohsen Rezaei.
The WSJ also reported that Saudi Arabia
and Kuwait had lifted restrictions on the U.S. military’s use of their bases
and airspace, citing U.S. and Saudi officials, paving the way for the Trump
administration to restart Project Freedom.
Iran’s state media just minutes before
Wall Street’s closing bell said that the U.S. army had attacked an Iranian oil
tanker. "Following the attack...the enemy’s units in the Strait of Hormuz
came under Iranian missile fire, and after sustaining damage, were forced to
flee," state media said.
Against this backdrop, oil prices pared
losses through the day and even pushed into positive territory from time to
time. Brent crude futures expiring in July, the global benchmark, were last
down 0.7% to $100.54 a barrel, while U.S. West Texas Intermediate crude futures
expiring in June ticked up 0.4% to $95.44 a barrel.
Energy prices have skyrocketed since the
start of the conflict, due largely to the effective closure of the strait, a
major thoroughfare for around a fifth of the world’s oil. Despite the latest
move downwards, oil prices are still well above pre-war levels.
The energy shock forces gasoline pump
prices in the U.S. above $4.50 a gallon, levels not seen since the height of
the COVID-19 pandemic in 2022. But Trump has expressed some surprise that oil
prices have not moved even higher, telling reporters that he thought they would
"go to $200, $250."
Even if crude had reached such heights,
he added, the war in Iran would have been "worth it."
More labor
market indicators ahead of jobs report
Away from the Middle East, market
participants received some more data on the U.S. labor
market ahead of Friday’s widely-anticipated April nonfarm payrolls report.
As per Challenger, Gray & Christmas,
U.S. job cuts increased 38% M/M to 83,387 in April, the highest total for this
month since 2009.
“Technology companies continue to
announce large-scale cuts and are leading all industries in layoff
announcements. They are also often citing AI spend and
innovation. Regardless of whether individual jobs are being replaced by AI, the
money for those roles is,” Andy Challenger, chief revenue officer at
Challenger, Gray & Christmas, said in a statement.
Separately, the U.S. Department of Labor said the number of Americans filing for initial
jobless claims in the past week inched up to 200k, lower than the expected
figure of 205k. Conversely, Americans filing for continuing claims eased to
1.776 million.
"U.S. Initial Claims increase to
200K from an upward revision of 190K below the 13-week moving average of 209K.
The U.S. labor market remains remarkably stable and
the pace of firings relatively low while continuing claims eased to 1.766
million. I expect the April U.S. Jobs Report to show a net change in total
employment of 60K and an 4.3% unemployment rate. New
jobs will skew towards lower paying employment," Joseph Brusuelas, principal & chief economist at RSM US, said.
Earnings season powers stocks
Turning to earnings, a mostly positive
season so far has played its part in helping Wall Street return to record
levels.
"Earnings are significantly
exceeding consensus estimates across all metrics, despite a high bar. S&P
500 earnings growth is projected to accelerate sharply from 13.4% in Q4 to
24.6% in Q1 – a four-year high and a level rarely seen outside of post-shock
recoveries. Excluding special factors, this represents arguably the strongest
earnings growth in two decades," Deutsche Bank’s Jim Reid said.
"The AI boom is a clear
contributor, but strength is widespread, with double-digit growth seen in
average and median companies, and all 11 sectors posting positive growth for
the first time in four years. This strong performance has in many places been
driven by higher prices amid supply constraints, surging demand within the AI
value chain, and other disruptions," Reid added.
The artificial intelligence trade has
largely been bolstered by strong quarterly results from hyperscalers
such as Alphabet, Microsoft, and Meta, and from major semiconductor players
such as AMD and Arm.
"A touch of AI-mania has returned
as a theme," Capital.com’s Rodda
said.
"It’s not without fundamental justification,
with S&P 500 earnings growth nearing 30% for this quarter, led by the big
tech names. There are bubbling concerns about concentration risk. However,
valuations aren’t as stretched as they were last year, implying the market
isn’t quite at irrational exuberance levels yet," Rodda
added.
Speaking of Arm, the British chip
designer delivered quarterly results and guidance that beat estimates, while
touting strong demand for its new AI data center chip
launched in March.
U.S.-listed shares of the company
initially soared in Wednesday extended trading following the print, but then
reversed course after management indicated that necessary supply had not been
secured to meet an additional $1 billion in demand for the new AI chip. The
stock ended 10.1% lower.
In other earnings-related moves,
Coach-owner Tapestry lifted its annual forecast for a third time in 2026,
underpinning by solid demand among younger customers. However, the stock slid
12.4%.
For internal use only