Good morning.
The Fast Five → GameStop offers to buy eBay, investors rethink ‘sell in May and go away’, Pentagon strikes deals with 7 Big Tech companies, Spirit Airlines prepares to shut down, and emerging-market stocks are powering past the war…
📌 Watch Your Mailbox for Elon’s Weird Package »
(from InvestorPlace)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
ISM Services PMI, 10:00A
JOLTS Job Openings, 10:00A
New Home Sales, 10:00A
Your 5-minute briefing for Monday, May 4:
BEFORE THE OPEN
As of market close 5/1/2026. Bitcoin as of 5/3/2026.
Pre-Market:
Market Wrap:
Futures flat to higher Dow +81, S&P +0.1%, Nasdaq flat
S&P and Nasdaq hit fresh record highs Friday
Dow lagged slipping -153 on the day
Trump unveils “Project Freedom” for stranded ships
Iran talks ongoing but deal still uncertain
Earnings and AI momentum driving bullish sentiment
EARNINGS
Here’s what we’re watching this week:
Today: Duolingo $DUOL ( ▲ 1.05% ), Paramount Skydance $PSKY ( ▲ 8.3% ), *Tyson Foods $TSN ( ▼ 0.61% )
Palantir $PLTR ( ▲ 3.57% ) - $.28 EPS (+115.4% YoY) on $1.54B revenue (+74.3% YoY)
TUE: *KKR $KKR ( ▼ 0.63% ), *Marathon Petroleum $MPC ( ▼ 0.86% ), *PayPal $PYPL ( ▲ 0.6% ), *Pfizer $PFE ( ▼ 1.39% ), *Shopify $SHOP ( ▲ 5.4% ), Strategy $MSTR ( ▲ 7.08% )
Advanced Micro Devices $AMD ( ▲ 1.71% ) - EPS of $1.29 (+34.4% YoY) on $9.89B revenue (+33.0% YoY)
WED: Arm Holdings $ARM ( ▲ 0.41% ), Bllue Owl Technology $OTF ( ▲ 1.85% ), DoorDash $DASH ( ▲ 4.26% ), *Uber $UBER ( ▲ 0.68% )
THU: Coinbase $COIN ( ▲ 1.85% ), CoreWeave $CRWV ( ▲ 6.64% ), *Howmet Aerospace $HWM ( ▼ 1.45% ), *McDonald’s $MCD ( ▼ 2.37% ), NuScale Power $SMR ( ▼ 2.57% ), *Tapestry $TPR ( ▼ 1.59% )
*Canadian Natural Resources $CNQ ( ▼ 1.53% ) - EPS of $1.08 (-7.4% YoY) on $10.17B revenue (-7.1% YoY)
Elon's $480 Trillion Currency Masterplan
He's waited 27 years for this moment.
Elon Musk just launched his biggest disruption ever, which could totally reset how millions of people access their money and even pay tax.
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HEADLINES
GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer’s market value more than tenfold.
Strong earnings, easing geopolitical risks, and market momentum may offset seasonal concerns, strategists say.
Stock futures little changed as investors monitor latest Iran developments (more)
Trump says new strikes possible if Iran "misbehaves" (more)
US is oil supplier of last resort as Hormuz disruptions worsen (more)
Treasury market on watch for shift in Yellen-era debt playbook (more)
Pentagon strikes deals with 7 Big Tech companies after shunning Anthropic (more)
Buying record highs looks riskier in the Nasdaq and Russell 2000 (more)
Emerging-market stocks are powering past the war (more)
Big oil stays the course despite historic dislocation in energy markets (more)
Oil declines amid mild risk-on sentiment (more)
Gold edges higher amid signs of resilience (more)
Spirit Airlines prepares to shut down as rescue deal falls apart (more)
Berkshire investors praise CEO Abel at first post-Buffett meeting (more)
Abel rules out Berkshire break-up, stresses continuity with legacy (more)
DEALFLOW
M+A | Investments
Meta acquires robotics AI company to help build humanoid technology
Mittal family, Poonawalla to buy IPL franchise for $1.65B
VAM APPS raises $18M in user acquisition financing from PvX Partners
Vertech Industrial Systems receives investment from Catchment Capital
VC
Netomi, a customer service startup, raised $110M in funding
Axoft, a neurotechnology company, raised $55M in Series A funding
Techcyte, an AI-powered digital diagnostics for anatomic and clinical pathology, closed a $15M capital raise
Kibu, a human network and app-based platform enabling individuals and orgs to know who they’re interacting with, raised $10.5M in Seed funding
DEPTH Health, a hospital operations startup, closed its $1M Seed funding round
Jupid, an AI-native small business accounting platform provider, raises $840k in Pre-Seed funding
Nura Studios, an animation platform for storytellers to develop and share high-fidelity episodic content, raised an undisclosed amount of Seed funding
CRYPTO
BULLISH BITES
🥊 The year that shook the Gulf.
🤖 5 things we learned during S&P 500 earnings madness.
🗽 The lore of Sam Altman is being tested like never before.
🏇🏻 A Bitcoin gift card.
DAILY SHARES
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