Good morning.
The Fast Five → US and Iran trade fire in Gulf, Amazon’s ‘watershed’ logistics move, Palantir revenue jumps 85%, Musk settles SEC lawsuit, and Michael Burry sells all GameStop stock…
📌 Trump Admin to Pump $1 Billion into this "Off-the-Radar" AI Stock →
(from InvestorPlace)
Calendar: Full Calendar »
Today:
ISM Services PMI, 10:00A
JOLTS Job Openings, 10:00A
New Home Sales, 10:00A
Tomorrow:
Non-Farm Employment Change, 8:15A
Your 5-minute briefing for Tuesday, May 5:
BEFORE THE OPEN
As of market close 5/1/2026. Bitcoin as of 5/3/2026.
Pre-Market:
Market Wrap:
Futures flat Dow +14, S&P flat, Nasdaq -0.1%
Monday losses Dow -557, S&P -0.41%, Nasdaq -0.19%
UAE says Iran launched drones and missiles
US claims strikes on Iranian boats in Hormuz
Oil mixed rising earlier, easing in extended trade
Market still leaning on earnings and AI resilience
Today: Pfizer, PayPal, Shopify, JOLTS data
EARNINGS
Here’s what we’re watching this week:
Today: *KKR $KKR ( ▼ 0.34% ), *Marathon Petroleum $MPC ( ▲ 2.6% ), *PayPal $PYPL ( ▼ 0.1% ), *Pfizer $PFE ( ▼ 0.11% ), *Shopify $SHOP ( ▼ 0.09% ), Strategy $MSTR ( ▲ 3.74% )
Advanced Micro Devices $AMD ( ▼ 5.27% ) - EPS of $1.29 (+34.4% YoY) on $9.89B revenue (+33.0% YoY)
WED: Arm Holdings $ARM ( ▼ 3.75% ), Bllue Owl Technology $OTF ( ▼ 1.12% ), DoorDash $DASH ( ▼ 1.86% ), *Uber $UBER ( ▼ 1.58% )
THU: Coinbase $COIN ( ▲ 6.14% ), CoreWeave $CRWV ( ▲ 5.4% ), *Howmet Aerospace $HWM ( ▲ 0.08% ), *McDonald’s $MCD ( ▼ 0.89% ), NuScale Power $SMR ( ▲ 0.33% ), *Tapestry $TPR ( ▼ 2.1% )
*Canadian Natural Resources $CNQ ( ▲ 1.32% ) - EPS of $1.08 (-7.4% YoY) on $10.17B revenue (-7.1% YoY)
Navellier Warns:
This Could Leapfrog Elon's SpaceX IPO
Elon Musk could take SpaceX public in 2026, at an estimated $1.75 trillion valuation. The IPO would include Elon's AI model, Grok.
But according to Louis Navellier, a radical new AI model will launch this year… over 1,000 times more powerful than Elon's.
And the company behind it could outperform SpaceX in the process.
- a sponsored message from InvestorPlace -
HEADLINES
Amazon is deepening its push into logistics.
Palantir beat earnings Monday, driven by surging sales to commercial clients and the US government sector in fastest expansion since market debut in 2020.
S&P 500 falls from record high on Middle East worries (more)
US and Iran trade fire in Gulf, shaking four-week ceasefire (more)
Trump says interest rates are too high (more)
Warsh’s take on Fed independence is met with confusion and concern (more)
White House considers vetting AI models before they are released (more)
US to move forward with plans to hike EU car tariffs (more)
Goldman says global oil stocks approaching eight-year low (more)
Chevron CEO warns of tightening global oil supplies (more)
Gold steady amid likely technical recovery (more)
Apple explores using Intel, Samsung to build device chips in the US (more)
Musk settles SEC lawsuit with $1.5 million penalty (more)
GameStop stock sinks after surprise eBay takeover bid (more)
Michael Burry sells all GameStop stock (more)
Spirit closure reflects airlines’ woes (more)
OpenAI and Anthropic partner with private equity (more)
DEALFLOW
M+A | Investments
Lattice Semiconductor to buy software firm AMI in $1.65B deal
Euclid acquires Thresh
Worldly acquires Bendi Software
Opaque acquires Cryptographic AI Technology
General Proximity receives investment from FreeMind Group
Security Fire Systems receives $26M investment from Prospect Capital Corp
Power Home Remodeling receives investment from Bain Capital
Torus receives $35M in debt financing from Trinity Capital
Attaboy Labs receives investment from Malar Group
Flow Control Group to receive investment from Neuberger Private Markets
Riffle receives investment from Atlassian Ventures
VC
Reserv, a TPA services and technologies provider, raised $125M in Series C funding
Fun, a payments infrastructure company, raised $72M in Series A funding
Anello Photonics, a company specializing in solid-state, inertial navigation systems, raised additional $25M in Series B-2 funding
Enzo Health, an AI-driven platform for home health and post-acute care, raised $20M in Series A funding
Featherless, a platform for running open-source AI, raised $20M in Series A funding
LakeFusion, a Databricks-native master data management platform, raised $7.5M in Seed funding
Green Coffee Company, a coffee company with operations in Colombia, raised $5M in crowdfunding
Zapdos Labs, an AI software company, raised $500K in Pre-Seed funding
CRYPTO
BULLISH BITES
😬 Why GameStop's offer for eBay feels weird.
🍳 America’s fastest-growing breakfast chain has fans and haters.
💼 Where new grads are finding jobs.
🎥 How BookTok is reshaping Hollywood.
DAILY SHARES
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