S&P 500 futures are down by 5 points, Nasdaq 100 futures have dropped 16 points, and Dow Jones Industrial Average futures have decreased by 21 points. These futures are mostly stable, with minor changes.
This is a busy week for earnings. Meta Platforms (META, Financial) and Microsoft (MSFT, Financial) will announce their results on Wednesday, while Apple (AAPL, Financial) and Amazon.com (AMZN, Financial) will report on Thursday.
There's no significant US economic data being released today.
Today's News
Palo Alto Networks (PANW, Financial) has announced a strategic move to acquire Protect AI, a cybersecurity startup, enhancing its AI security capabilities. This acquisition aims to bolster the company's offerings in securing AI applications, which are increasingly integral to businesses. The deal is expected to close by the end of Palo Alto's first fiscal quarter of 2026, with Protect AI's team, including CEO Ian Swanson, joining Palo Alto Networks.
Spain and Portugal experienced a significant power outage affecting millions, with Spanish grid operator Red Eléctrica and electric companies like Iberdrola (IBDRY, Financial) and Endesa working to restore power. The blackout, linked to a European power grid issue, disrupted several regions including Madrid and Lisbon. Investigations are ongoing to determine the root cause of the outage.
Opera Limited (OPRA, Financial) reported impressive financial results for Q1, with a Non-GAAP EPS of $0.27 and a revenue increase of 40.1% year-over-year to $142.72 million. The company's advertising revenue surged by 63%, contributing significantly to its financial performance. Opera's positive outlook for the upcoming quarters has been well-received by investors.
Domino's Pizza (DPZ, Financial) faced a challenging first quarter with domestic comparable store sales declining by 0.5%, missing expectations. However, international sales showed strength with a 3.7% increase. The company's revenue grew by 2.5% year-over-year, driven by higher U.S. franchise advertising and supply chain revenues, despite the tough economic environment.
MicroStrategy (MSTR, Financial) continued its aggressive bitcoin acquisition strategy, purchasing 15,355 bitcoins for $1.42 billion in late April. This purchase raises its total holdings to 553,555 bitcoins, acquired at an average price of $68,459 each. The company remains committed to expanding its bitcoin portfolio.
Amplify Energy (AMPY) saw a significant stock surge after terminating its merger agreement with Juniper Capital Advisors due to market volatility. The company plans to explore strategic alternatives to maximize shareholder value, following the cancellation of the deal which involved acquiring upstream assets.
Boeing (BA, Financial) may find a new customer in Riyadh Air for jets originally intended for Chinese carriers, amid ongoing trade tensions. Riyadh Air expressed interest in purchasing these aircraft if they become available, highlighting Boeing's efforts to navigate geopolitical challenges affecting its sales.
Arm Holdings (ARM, Financial) is under scrutiny as Wells Fargo expressed caution ahead of its fiscal Q4 results, citing tariff-related risks. The firm lowered its price target for Arm, noting the potential impact of tariff uncertainties on demand, particularly in the consumer electronics sector.
Coinbase Global (COIN, Financial) is launching the Coinbase Bitcoin Yield Fund (CBYF), targeting institutional investors with a conservative approach to bitcoin yield. The fund aims for a 4%-8% net return annually, using third-party custody integrations to mitigate risks associated with traditional bitcoin yield strategies.
Microsoft (MSFT, Financial) is set to report its fiscal third-quarter results with analysts expecting steady growth despite macroeconomic challenges. The company is anticipated to benefit from foreign exchange tailwinds and a strong product portfolio, maintaining a bullish outlook from investment firms.
GuruFocus Stock Analysis
- META Q1 Earnings Preview: What to Expect From Upcoming Report by Nauman khan
- Goldman Sachs Warns of Continued Volatility Despite Tech-Led Market Rally by Nauman khan
- Apple Q2 Earnings Preview: What to Expect From Upcoming Report by Nauman khan
- Amazon Q1 Earnings preview: What to Expect From Upcoming Report by Nauman khan
- Why DocuSign's Pullback Is a Rare Buy Opportunity by Sheraden Frances
