News Bulletin
Monday, May 04, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Monday, May 4, 2026
8:00	Total Vehicle Sales (Apr)	15.90M	16.00M	16.30M
10:00	Factory Orders (MoM) (Mar)	1.50%	0.50%	0.30%
11:30	3-Month Bill Auction	3.61%		3.59%
11:30	6-Month Bill Auction	3.61%		3.59%

Indices

	CLOSE	50 DMA	200 DMA
DJIA	48,941.90	47,846.55	47,230.06
NASDAQ	25,067.80	22,969.20	22,729.83
S&P 500	7,200.75	6,822.67	6,734.40

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
Palantir Technologies PLTR:US	0.33	0.28	1.63B	1.54B	$322.71B	PM
Vertex Pharmaceuticals VRTX:US	4.47	4.43	2.99B	3.07B	$110.23B	PM
Williams Companies WMB:US		0.6		3.2B	$91.49B	PM
Diamondback Energy FANG:US		2.39		3.39B	$61.53B	PM
On Semiconductor ON:US		0.61		1.49B	$43.8B	PM
Cheniere Partners CQP:US		1.1		2.71B	$32.67B	PM
Coterra Energy CTRA:US		0.68		2.08B	$26.15B	PM
Loews L:US	1.63		4.56B		$23.69B	AM
Tyson Foods TSN:US	0.87	0.88	13.65B	13.48B	$22.69B	AM
Lattice Semiconductor LSCC:US		0.33		148.14M	$16.98B	PM
Sterling Coconstruction STRL:US	3.59	2.22	825.7M	601.11M	$16.75B	PM
Advanced Energy Industries AEIS:US	2.09	1.97	511M	504.03M	$14.56B	PM
Pinnacle West Capital PNW:US	0.27	-0.09	1.15B	1.07B	$12.92B	AM
CNA Financial CNA:US	0.83	1.26	4.56B	2.93B	$12.62B	AM
Allison Transmission ALSN:US	2.57	2.07	1.41B	1.38B	$11.25B	PM
BioMarin Pharmaceutical BMRN:US	0.76	0.74	766M	760.41M	$10.4B	PM
AES AES:US		0.45		3.05B	$10.15B	PM
Chart Industries GTLS:US		2.47		1.12B	$8.78B	AM
Norwegian Cruise Line NCLH:US	0.23	0.16	2.3B	2.36B	$7.29B	AM
Silicon Laboratories SLAB:US		0.5		213.89M	$6.94B	AM
MSA Safety MSA:US		1.84		452.53M	$6.57B	PM
Matson MATX:US	1.85	1.91	757.8M	794.5M	$5.88B	PM
Vornado Realty VNO:US		-0.01		444.68M	$5.68B	PM
New Jersey Resources NJR:US		1.76		788.9M	$5.52B	PM
One Gas OGS:US		2.17		979.47M	$5.03B	PM
Osi Systems OSIS:US	2.6	2.63	453M	460.8M	$4.81B	PM
Telephone Data Systems TDS:US		-0.39		323.04M	$4.74B	AM
Tidewater TDW:US		0.7		321.41M	$4.54B	PM
International Bancshares IBOC:US		1.69			$4.44B
Otter Tail OTTR:US		1.49		334M	$3.77B	PM
Dorman Products DORM:US	1.57	1.57	528.8M	524.9M	$3.46B	PM
National Health Investors NHI:US		0.81		69.6M	$3.31B	PM
Apple Hospitality APLE:US		0.11		325.84M	$3.17B	PM
Boise Cascade BCC:US		0.49		1.47B	$2.94B	PM
Mge Energy MGEE:US		1.14			$2.92B	AM
HUB HUBG:US		0.39		885.76M	$2.61B	PM
Celldex Therapeutics CLDX:US		-1.19		874.9K	$2.17B	PM
Alamo ALG:US		2.29		403.43M	$2.05B	PM
Addus HomeCare ADUS:US	1.62	1.56	363.6M	366.64M	$1.78B	PM
Veris Residential CLI:US				67.94M	$1.76B	PM
Tennant TNC:US		0.94		292.7M	$1.57B	PM
Arbor Realty ABR:US		0.15		109.59M	$1.5B	AM
NOW DNOW:US		0.23		1.24B	$1.42B	AM
Ufp Technologies UFPT:US		2.03		154.9M	$1.42B	PM
RLJ Lodging RLJ:US	-0.05	-0.07	339.97M	324.84M	$1.3B	AM
Carters CRI:US		0.1		653.53M	$1.24B	AM
Cogent Communications CCOI:US	-0.83	-1.04	239.2M	241.18M	$756M	AM

Market News:

U.S. stocks ended lower on Monday as oil prices surged, after tensions flared up again between Washington and Tehran over the critical Strait of Hormuz.

The benchmark S&P 500 index slipped 0.4% to close at 7,201.75 points, the tech-heavy NASDAQ Composite declined 0.2% to settle at 25,067.80 points, and the blue-chip Dow Jones Industrial Average shed 1.1% to conclude at 48,941.90 points.

’Project Freedom’

President Donald Trump over the weekend announced a U.S. effort called "Project Freedom" to help reopen stalled shipping traffic through the Strait of Hormuz. The vital conduit for a fifth of the world’s oil has been effectively shuttered by Iran since the start of the conflict, leading to the biggest supply disruption in history.

Iran’s state media said missiles had been fired upon U.S. destroyers approaching the strait, and that two of them struck a navy ship. U.S. Central Command dismissed the latter claim, saying no ships had been struck, and instead said two U.S. merchant ships had successfully transited the strait.

"No commercial vessels or oil tankers have passed through the Strait of Hormuz in the past several hours, and the claims made by U.S. officials are baseless and completely false," Iran’s Islamic Republic News Agency (IRNA) said, citing the Iranian Revolutionary Guards.

Oil prices spike after Fujairah attack

Elsewhere, the United Arab Emirates (UAE) said its air defenses had engaged with missile attacks and incoming drones from Iran. The foreign ministry "strongly" condemned the "renewed treacherous Iranian aggression."

The attacks caused a fire at the Fujairah Oil Industry Zone (FOIZ), a massive oil trading and storage hub located in the emirate of Fujairah.

The Fujairah Media Office said three Indian nationals had sustained moderate injuries in the attack and had been transferred to a hospital for treatment.

The FOIZ sprawls across 12.8 million square meters and has the Middle East’s largest commercial storage capacity for refined oil products. It is also one of the termination points for a key pipeline that allows the country to transport crude while bypassing the Strait of Hormuz entirely.

The UAE last week said it would be leaving the Organization of the Petroleum Exporting Countries (OPEC) in a move that was seen as a major blow to the global oil cartel. OPEC+ on Sunday said the cartel will increase oil output by 188,000 barrels per day in June.

Oil prices moved sharply higher after the attack, adding to earlier gains amid the renewed tensions in the strait. Brent crude futures expiring in July, the global oil benchmark, were last up 5.4% to $114.03 a barrel.

The U.S. dollar strengthened, while gold prices declined.

Wall Street digests eventful week

Away from the Middle East conflict, U.S. stocks are coming off one of the busiest weeks of the year so far. Market participants waded through a fairly packed economic calendar, a consequential Federal Reserve interest rate decision, and quarterly results from some of the biggest companies in the world including five members of the Magnificent 7 club.

An advance estimate of U.S. real gross domestic product growth accelerated in Q1 2026 from Q4 2025, but came in slightly cooler than anticipated. Meanwhile, a set of readings on the Fed’s preferred inflation gauge came in-line with estimates, while the number of Americans filing for initial jobless claims in the prior week slipped to their lowest level since 1969.

The Fed held its key policy rate steady, as expected, but investors focused on two particular developments: the central bank’s decision saw four dissents, the highest number since 1992, and Fed chair Jerome Powell said he would stay on as a governor after his term as chief ends and Trump nominee Kevin Warsh likely takes over.

The Big Tech quarterly reports were a mixed bag, with Alphabet, Microsoft, and Meta in particular recommitting to or increasing capital expenditure plans to augment artificial intelligence capabilities.

"The split-screen economic story continued (last) week. On the one hand, U.S. economic data was solid, equity indexes set new records, and the hyperscalers renewed their capex commitments. On the other hand, a lack of visible progress on a Middle East peace deal sent Brent oil and U.S. gasoline prices to their highest values this year," JPMorgan analysts led by Michael Feroli said on Saturday.

"The central question continues to be whether energy prices will spike further and cause a more serious drag on growth, or whether a political settlement can be reached before then," they added.

There will be plenty of potential market-moving catalysts this week as well, most notably in the form of earnings from the likes of AMD, Super Micro Computer, and Disney, along with Friday’s April jobs report.

GameStop’s eBay bid

Turning to Monday’s active stocks, GameStop ended about 10% lower after the video game retailer made an unsolicited offer to buy e-commerce player eBay for roughly $56 billion. Shares of eBay rose around 5%.

GameStop offered $125 a share in cash and stock for eBay – about a 20% premium to the company’s closing price on Friday. About half of the offer will be in cash, while the remainder will be in GameStop stock, the firm said in a statement.

GameStop also disclosed that it had built a roughly 5% stake in eBay. The company said it will fund the proposed acquisition through a combination of cash and debt, and had received a $20 billion debt commitment from TD Securities.

In earnings-related moves, Norwegian Cruise Line stock slumped 8.6%, after the cruise line operator’s full-year outlook missed expectations, pressured by geopolitical headwinds and softer demand.

Class A and B shares of Berkshire Hathaway reversed gains to fall about 1% each. The sprawling conglomerate posted an 18% rise in quarterly operating earnings in its first report under new chief executive Greg Abel, who took the reins from legendary businessman Warren Buffett at the start of the year.

The company’s cash pile swelled to a record $397.38 billion, reflecting its continued difficulty in finding acquisitions that meet its value-oriented standards.

"Berkshire was one of the last major [calendar first-quarter] reports and while the numbers were fine, the bigger issue for the stock remains the company’s extreme amount of cash and management’s disdain for deployment options at the present time," analysts at Vital Knowledge said in a note.

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