After Hours Report

Updated: 06-May-25 17:30 ET

Marvell narrows 1Q26 revenue guidance range, postpones Investor Day

The stock market fell under selling pressure for a second consecutive session. The S&P 500 dropped 0.8% and the Nasdaq Composite logged a 0.9% decline. Consolidation efforts were among the driving factors in today's trade.

Renewed tariff concerns and cautious corporate guidance were also driving factors. Ford (F 10.44, +0.27, +2.7%) and Mattel (MAT 16.65, +0.45, +2.8%), which both reported above-consensus Q1 earnings, held off on providing full-year guidance. Ford warned that tariffs may cut $1.5 billion from its profits, while Mattel acknowledged the volatile macro-environment and said it plans to raise toy prices.

President Trump announced impending pharmaceutical tariffs, expected to be detailed within two weeks. This comes amid a U.S. trade deficit of $140.5 billion in March, driven by a preemptive surge in imports, including a $20.9 billion increase in imports of pharmaceutical preparations.

Treasury Secretary Bessent said in an oversight hearing on Capitol Hill that some trade deals could be announced as early as this week and that up to 90% of deals could be completed by the end of the year, but stocks didn't react much.

Investors will also closely monitor the Federal Reserve's upcoming policy announcement for guidance on inflation and economic growth risks related to the tariffs. The May FOMC decision is tomorrow at 2:00 ET.

Treasuries settled with gains. The 10-yr yield dropped four basis points to 4.31% and the 2-yr yield dropped five basis points to 3.79%.

Dow Jones Industrial Average: -4.0% YTD
S&P 500: -4.7% YTD
S&P Midcap 400: -6.9% YTD
Nasdaq Composite: -8.4% YTD
Russell 2000: -11.1% YTD

Reviewing today's economic data:

The trade deficit widened to a record $140.5 billion in March (Briefing.com consensus -$127.5 billion) from a downwardly revised $123.2 billion (from -$122.7 billion) in February. The widening was the result of March exports being $0.5 billion more than February exports and March imports being $17.8 billion more than February imports.
- The key takeaway from the report is the surge in imports, which detracted sharply from Q1 GDP, and was highlighted by a $22.5 billion increase in imports of consumer goods that was led by a $20.9 billion increase in pharmaceutical preparations.

Looking ahead to Wednesday, market participants receive the following data:

7:00 ET: Weekly MBA Mortgage Index (prior -4.2%)
10:30 ET: Weekly crude oil inventories (prior -2.696 mln)
15:00 ET: March Consumer Credit (Briefing.com consensus $11.0 bln; prior -$0.8 bln)

Overseas:

Europe: DAX -0.4%, FTSE flat, CAC -0.4%
Asia: Nikkei holiday, Hang Seng +0.7%, Shanghai +1.1%

Commodities:

Crude Oil +1.93 @ 59.09
Nat Gas -0.06 @ 3.82
Gold +101.10 @ 3424.80
Silver +0.89 @ 33.38
Copper +0.09 @ 4.78

After-Hours Spotlight:

India launches attack on 9 sites in Pakistan, according to Reuters
Advanced Micro Devices (AMD) beats by $0.02, beats on revs; guides Q2 revs in-line... AMD up 1.0%
Allegiant Travel (ALGT) beats by $0.57, reports revs in-line; guides Q2 EPS below consensus; withdrawing FY25 guidance... ALGT up 1.2%
Astera Labs (ALAB) beats by $0.05, beats on revs; guides Q2 EPS above consensus, revs above consensus... ALAB down 3.9%
Cirrus Logic (CRUS) beats by $0.49, beats on revs; guides Q1 revs in-line.. CRUS up 5.3%
CRISPR Therapeutics (CRSP) misses by $0.35, misses on revs... CRSP down 10.8%
Electronic Arts (EA) beats by $0.06, beats on revs; guides Q1 EPS above consensus, revs in-line; guides FY26 EPS in-line, revs in-line... EA up 5.0%
Kulicke & Soffa (KLIC) misses by $0.71, misses on revs; guides Q3 EPS below consensus, revs below consensus... KLIC down 10.7%
Lumentum (LITE) beats by $0.07, beats on revs; guides Q4 EPS above consensus, revs in-line... LITE up 9.2%
Marvell (MRVL) narrows 1Q26 revenue guidance range, now sees Q1 (Apr) revs of approximately $1.875 bln, +/- 2%, equating to revenue of approximately $1.838-$1.913 bln vs. prior range that called for +/- 5%; postpones its previously scheduled Investor Day due to the dynamic macroeconomic environment... MRVL down 7.1%
Qualys (QLYS) beats by $0.21, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY25 EPS above consensus, raises low end of FY25 revenue guidance... QLYS up 2.2%
Redfin (RDFN) misses by $0.03, reports revs in-line; not giving guidance... RDFN down 3.4%
Rivian Automotive (RIVN) beats by $0.29, beats on revs; sees 40,000 to 46,000 deliveries for FY25... RIVN down 1.5%
Sarepta Therapeutics (SRPT) misses by $0.21, beats on revs; guides FY25 revs in-line... SRPT down 22.3%
Super Micro Computer (SMCI) misses by $0.10, misses on revs; guides Q4 EPS below consensus, revs below consensus; guides FY25 revs below consensus... SMCI down 3.5%
Teradata (TDC) beats by $0.10, misses on revs; guides Q2 EPS below consensus; reaffirms FY25 EPS guidance... TDC down 5.0%
Wynn Resorts (WYNN) misses by $0.17, misses on revs... WYNN down 0.6%

Fair Value for Wednesday, May 7:

S&P 500: 5,627
Nasdaq 100:19,879
DJIA: 40,928

Today's News Summary:

For a full rundown of today's market and after hours developments, see Live In Play

Earnings/Guidance (Full E arnings Calendar):
- Addus HomeCare (ADUS) beats by $0.09, reports revs in-line
- ADM (ADM) beats by $0.04, misses on revs; expects to be at lower end of FY25 EPS guidance range
- Aecom Tech (ACM) beats by $0.06, misses on revs; guides FY25 EPS above consensus
- Air Lease (AL) beats by $0.64, beats on revs
- Ameresco (AMRC) beats by $0.14, beats on revs; guides Q2 revs below consensus; guides FY25 EPS in-line, revs in-line
- Aramark (ARMK) beats by $0.02, misses on revs; guides FY25 EPS above consensus, revs above consensus
- Atkore International (ATKR) beats by $0.33, reports revs in-line; reaffirms FY25 EPS guidance
- Avient (AVNT) reports EPS in-line, revs in-line; guides Q2 EPS in-line; reaffirms FY25 EPS guidance
- Ball Corp (BALL) beats by $0.06, beats on revs; guides FY25 EPS above consensus
- BellRing Brands (BRBR) reports EPS in-line, beats on revs; reaffirms FY25 revs guidance
- Boise Cascade (BCC) misses by $0.25, beats on revs
- Bright Horizons (BFAM) beats by $0.12, reports revs in-line; guides FY25 EPS in-line, revs in-line
- BWX Technologies (BWTX) beats by $0.15, beats on revs; reaffirms FY25 EPS in-line, revs in-line
- Cabot (CBT) beats by $0.05, misses on revs; guides FY25 EPS below consensus
- Celanese (CE) beats by $0.19, beats on revs; guides Q2 EPS in-line
- Celsius (CELH) misses by $0.02, misses on revs
- Centene (CNC) reaffirms FY25 EPS guidance
- Clorox (CLX) misses by $0.10, misses on revs; reaffirms FY25 EPS guidance
- Colliers (CIGI) beats by $0.01, reports revs in-line; reaffirms FY25 guidance
- Constellation Energy (CEG) misses by $0.04, beats on revs; reaffirms FY25 EPS guidance
- Corcept Therapeutics (CORT) beats by $0.03, misses on revs; guides FY25 revs in-line
- Corebridge Financial (CRBG) beats by $0.02
- Coterra Energy (CTRA) misses by $0.01, misses on revs
- CRH Plc. (CRH) reports Q1 results; reaffirms guidance; commencing new $0.3 bln quarterly tranche
- Datadog (DDOG) beats by $0.03, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY25 EPS in-line, revs above consensus
- Denny's (DENN) misses by $0.01, beats on revs; Issues FY25 outlook
- Diamondback Energy (FANG) beats by $0.36, beats on revs
- DigitalOcean (DOCN) beats by $0.12, beats on revs; guides Q2 EPS in-line, revs in-line; reaffirms FY25 EPS guidance, revs guidance
- DoorDash (DASH) beats by $0.05, misses on revs; announces ~$1.2 billion cash acquisition of SevenRooms
- Dorman Products (DORM) beats by $0.56, beats on revs; guides FY25 EPS in-line, revs in-line
- Douglas Dynamics (PLOW) beats by $0.15, beats on revs; reaffirms FY25 EPS guidance, revs guidance
- Dream Finders Homes (DFH) misses by $0.09, misses on revs; Reaffirms FY25 home closings guidance
- Ducommun (DCO) beats by $0.13, beats on revs
- Duke Energy (DUK) beats by $0.16, beats on revs; reaffirms FY25 EPS guidance
- Embraer SA (ERJ) reports Q1 (Mar) results; guides FY25 revs in-line
- Energizer (ENR) reports EPS in-line, misses on revs; guides Q3 EPS below consensus; guides FY25 EPS below consensus, revs in-line
- Enpro Inc. (NPO) beats by $0.23, beats on revs; reaffirms FY25 EPS guidance
- Ethan Allen (ETD) misses by $0.08 (two estimates), misses on revs
- EverQuote (EVER) misses by $0.12, beats on revs; guides Q2 revs above consensus
- Fabrinet (FN) beats by $0.02, beats on revs; guides Q4 EPS in-line, revs in-line
- Ferrari (RACE) beats by EUR0.09, beats on revs; guides FY25 EPS below consensus, revs above consensus
- Fidelity Nat'l Info (FIS) beats by $0.01, reports revs in-line; guides Q2 EPS below consensus, revs in-line; reaffirms FY25 EPS guidance, revs guidance
- First Watch Restaurant Group (FWRG) misses by $0.04, reports revs in-line; reaffirms FY25 revs guidance
- Ford Motor (F) beats by $0.14, misses on revs, co suspends FY25 guidance; says business is strong, adjusted EBIT tracking within prior guidance, excluding new tariff-related impacts (
- Fresenius Medical (FMS) reports Q1 results; beats on revs; reaffirms outlook
- Gartner (IT) beats by $0.26, reports revs in-line
- GlobalFoundries (GFS) beats by $0.05, reports revs in-line; guides Q2 EPS in-line, revs in-line
- Global Payments (GPN) beats by $0.14, beats on revs; reaffirms outlook
- Golub Capital (GBDC) misses by $0.11
- Hims & Hers Health (HIMS) beats by $0.08, beats on revs; guides Q2 revs below consensus; reaffirms FY25 revs guidance
- ICHOR Corporation (ICHR) misses by $0.14, reports revs in-line; guides Q2 EPS below consensus, revs below consensus
- Ingevity (NGVT) beats by $0.25, reports revs in-line; guides FY25 revs in-line
- Ingredion (INGR) beats by $0.56, misses on revs; guides FY25 EPS in-line, sees net sales up low single-digits
- Inspire Medical Systems (INSP) beats by $0.35, beats on revs; raises FY25 EPS above consensus, reaffirms FY25 revs guidance
- Interparfums (IPAR) beats by $0.20, reports revs in-line; reaffirms FY25 EPS guidance, revs guidance
- IQVIA (IQV) beats by $0.07, beats on revs; reaffirms FY25 EPS guidance, guides FY25 revs above consensus
- J&J Snack Foods (JJSF) misses by $0.30, misses on revs
- JELD-WEN (JELD) beats by $0.02, reports revs in-line
- KBR (KBR) beats by $0.12, reports revs in-line; guides FY25 EPS in-line, revs in-line
- Kontoor Brands (KTB) beats by $0.04, reports revs in-line
- Lattice Semi (LSCC) reports EPS in-line, revs in-line; guides Q2 EPS in-line, revs in-line
- Lear (LEA) beats by $0.43, reports revs in-line; holds off on reaffirming FY25 outlook at this time
- Leidos (LDOS) beats by $0.47, beats on revs; guides FY25 EPS in-line, revs in-line
- Lemonade (LMND) beats by $0.08, beats on revs; guides Q2 revs in-line; raises FY25 revs above consensus
- LGI Homes (LGIH) reports it closed 450 homes in April
- Limbach (LMB) reports Q1 (Mar) results, beats on revs; reaffirms FY25 revs guidance
- Louisiana-Pacific (LPX) beats by $0.09, beats on revs
- LTC Properties (LTC) reports FFO in-line, beats on revs; guides FY25 FFO in-line
- Madison Square Garden Entertainment (MSGE) misses by $0.10, beats on revs
- Marathon Petroleum (MPC) beats by $0.30, reports revs in-line
- Marriott (MAR) beats by $0.07, beats on revs; guides Q2 EPS below consensus; guides FY25 EPS in-line
- Matson (MATX) beats by $0.05, misses on revs
- Mattel (MAT) beats by $0.07, beats on revs; pauses guidance
- Mueller Water (MWA) beats by $0.03, beats on revs; raises FY25 revs above consensus
- National Health (NHI) beats by $0.02, beats on revs; raises FY25 FFO above consensus
- National Storage Affiliates (NSA) misses by $0.02, beats on revs; reaffirms FY25 FFO guidance
- Navitas Semiconductor (NVTS) reports EPS in-line, revs in-line; guides Q2 revs in-line
- NJ Resources (NJR) beats by $0.14, beats on revs; guides FY25 EPS above consensus
- Northwest Natural (NWN) beats by $0.27, beats on revs; reaffirms FY25 EPS guidance
- Novanta (NOVT) beats by $0.07, reports revs in-line; guides Q2 EPS in-line
- Omnicell (OMCL) beats by $0.06, beats on revs; guides Q2 EPS below consensus, revs in-line; guides FY25 EPS below consensus, revs in-line
- ONE Gas (OGS) beats by $0.13, reports revs in-line; reaffirms FY25 EPS guidance
- Otter Tail Power (OTTR) beats by $0.09, misses on revs; reaffirms FY25 EPS guidance
- Palantir Technologies (PLTR) reports EPS in-line, beats on revs; guides Q2 revs above consensus; guides FY25 revs above consensus
- Palomar Holdings (PLMR) beats by $0.28; provides FY25 guidance
- Paymentus (PAY) beats by $0.01, beats on revs; guides Q2 revs above consensus; ups FY25 revs outlook
- Pediatrix Medical Group (MD) beats by $0.09, beats on revs
- Philips (PHG) beats by $0.07, beats on revs
- Playa Hotels & Resorts (PLYA) beats by $0.01, reports revs in-line
- Premier (PINC) beats by $0.16, beats on revs; guides FY25 EPS above consensus, revs in-line
- Primoris Services (PRIM) beats by $0.33, beats on revs; reaffirms FY25 EPS guidance
- Realty Income (O) reports FFO in-line, beats on revs; guides FY25 FFO in-line
- Regal Rexnord (RRX) beats by $0.33, beats on revs; reaffirms FY25 EPS guidance
- Sabra Health Care REIT (SBRA) beats by $0.01, beats on revs; reaffirms FY25 FFO guidance
- Sealed Air (SEE) beats by $0.14, reports revs in-line; guides FY25 EPS in-line, revs in-line
- Sunstone Hotel (SHO) beats by $0.03, reports revs in-line; lowers FY25 FFO guidance
- Syndax Pharmaceuticals (SNDX) beats by $0.28, beats on revs
- Talos Energy (TALO) beats by $0.16, beats on revs; Board of Directors increases buyback authorization to $200 million
- Tidewater (TDW) beats by $0.22, beats on revs; reaffirms FY25 revs guidance
- Titan America (TTAM) reports EPS in-line, beats on revs, reaffirms FY25 outlook
- TopBuild (BLD) beats by $0.21, reports revs in-line; guides FY25 revs in-line
- Transdigm Group (TDG) beats by $0.15, reports revs in-line; guides FY25 EPS in-line, revs in-line
- TreeHouse Foods (THS) misses by $0.48, reports revs in-line; guides Q2 revs in-line; guides FY25 revs in-line
- UL Solutions (ULS) beats by $0.05, reports revs in-line, reaffirms FY25 outlook
- Upwork (UPWK) beats by $0.07, beats on revs; guides Q2 EPS in-line, revs in-line; raises FY25 EPS above consensus, reaffirms FY25 revs guidance
- V2X (VVX) beats by $0.05, misses on revs; reaffirms FY25 EPS guidance, revs guidance
- Vertex Pharma (VRTX) misses by $0.19, misses on revs; guides FY25 revs in-line
- Vimeo (VMEO) beats by $0.01, beats on revs; Issues in-line FY25 revenue guidance
- Viper Energy Partners (VNOM) beats by $0.07
- Vornado Rlty Trust (VNO) beats by $0.09, beats on revs
- Waters (WAT) beats by $0.03, beats on revs; guides Q2 EPS in-line; guides FY25 EPS in-line, revs above consensus
- WEC Energy Group (WEC) beats by $0.09, beats on revs; reaffirms FY25 EPS guidance
- Williams Cos (WMB) beats by $0.03, beats on revs; Raises FY25 adjusted EBITDA guidance
- Zoetis (ZTS) beats by $0.07, beats on revs; guides FY25 EPS above consensus, revs above consensus
General News
- EU planning $100 bln in retaliatory tariffs if talks with US fail, but EU wants to kickstart talks this week, according to Bloomberg
- Prime Minister Benjamin Netanyahu says Israel will begin a large relocation of the Palestinian population and indefinite Israeli military control of Gaza, according to the Washington Post
- President Trump says he will announce pharma specific tariffs in two weeks, according to CNBC
- Friedrich Merz did not win initial vote to become Chancellor of Germany, according to Financial Times
- White House announces actions to reduce regulatory barriers to domestic pharmaceutical manufacturing
- AngloGold Ashanti (AU) and Gold Fields (GFI) to pause proposed Ghana JV discussions
- Array Tech (ARRY) announces the expansion of its SmarTrack software to include backtracking and diffuse optimization capabilities for its ARRAY STI H250 dual-row tracker
- Ashland (ASH) announces that CFO Kevin Willis has decided to leave Ashland to pursue another opportunity on May 16; co appoints William Whitaker as interim CFO until the board concludes its review process
- AstraZeneca (AZN) reports Calquence combination approved in EU for 1L MCL
- Boeing (BA): Protestors take over University of Washington building demanding the school end connections with Boeing because of the war in Gaza, according to ABC News
- Boeing (BA): Qatar Airlines is expected to order 100 Boeing jets when President Trump visits the region on May 13, according to Bloomberg
- Boot Barn Holdings (BOOT) appoints John Hazen as CEO, effective May 5
- Cboe Global Markets (CBOE) reports trading volume for April 2025
- Celanese (CE) announces engineered materials price increases
- Centerra Gold (CGAU) announces updated mineral resources at Kemess; advancing studies on the project
- Fold Holdings (FLD) announces the appointment of Matthew McManus as Chief Operating Officer, effective April 21, 2025
- General Dynamics (GD) among firms to compete for $499 mln US Army order
- Grupo Aeroportuario Del Sureste (ASR) announces that passenger traffic for April 2025 reached a total of 6.0 million passengers, representing an increase of 3.8% compared to April 2024
- Harley-Davidson (HOG): H Partners Comments on ISS Recommendation
- Heron Therapeutics (HRTX) announces that the Company entered into a settlement agreement with Mylan Pharmaceuticals, a Viatris Inc. (VTRS) company, to resolve the ongoing patent litigations between the parties in the U.S. District Court for the District of Delaware related to CINVANTI injectable emulsion and APONVIE injectable emulsion
- IDEAYA Biosciences (IDYA) announces the clearance of an investigational new drug application with the U.S. FDA for the initiation of a Phase 1 clinical trial to evaluate IDE849, a potential first-in-class delta-like ligand 3-targeting Topo-I-payload antibody drug conjugate program, in solid tumors
- Leidos (LDOS) will modernize and operate information technology systems for the Defense Threat Reduction Agency enterprise that will help the agency deter, prevent and prevail against emerging threats around the world
- Lindblad Expeditions (LIND) and Transcend Cruises announce a multi-year charter agreement that will reframe European river cruising for discerning travelers looking to experience the continent's most iconic waterways like a true explorer
- Lumen Technologies (LUMN) and IBM (IBM) announced a new collaboration to develop enterprise-grade AI solutions
- Microsoft (MSFT) did not support OpenAI's restructuring plan, according to Bloomberg
- Nasdaq (NDAQ) reports April 2025 volumes
- NIKE (NKE) announces senior leadership changes to accelerate growth and drive win now action plan; Amy Montagne Becomes President, Nike
- Pony AI (PONY) and Uber form strategic partnership to advance autonomous mobility
- ReNew (RNW) has secured an INR 8700 mln investment from British International Investment, the UK’s development finance institution and impact investor, to accelerate the growth of its solar manufacturing business in India
- Roche Hldg (RHHBY) launches Elecsys PRO-C3 test
- Rocket Lab USA (RKLB) announces the launch window for its next mission for multi-launch customer, Institute for Q-shu Pioneers of Space, Inc.
- Sapiens Int'l (SPNS) announced that one of the largest global life insurers, has selected Sapiens Insurance Platform to modernise its core insurance processes
- Shoals Technologies (SHLS) announces the execution of a Memorandum of Understanding with UGT Renewables to collaborate on up to 12 gigawatts of global solar projects currently in UGT Renewables’ development pipeline
- Teradata (TDC) appoints John Ederer as CFO, effective May 12
- Tesla (TSLA) April UK sales drop to lowest level in two years, according to Reuters
- Thor Industries (THO) announces strategic partnership to optimize diesel class A motorhome production with focus on quality and customer experience
- Transdigm Group (TDG) announces that Kevin Stein will retire as President and Chief Executive Officer of TransDigm, following his more than ten years of service in senior leadership positions at the Company, effective as of September 30, 2025
- Uber (UBER) and WeRide (WRD) expand strategic partnership to bring autonomous vehicles to 15 more cities
- Valaris (VAL) announces that it has agreed to sell jackup VALARIS 247 to BW Energy for cash proceeds of approximately $108 mln
- Viatris (VTRS): On 14 April 2025, the European Commission withdrew the marketing authorization for Arsenic trioxide Mylan (arsenic trioxide) in the European Union
- Williams Cos (WMB) announces executive management changes

Upgrades:
- Ardmore Shipping (ASC) upgraded to Buy from Hold at Fearnley, tgt $12.50
- Bank First (BFC) upgraded to Outperform from Market Perform at Hovde Group, tgt $130
- CN (CNI) upgraded to Positive from Neutral at Susquehanna, tgt $120
- First Savings (FSFG) upgraded to Outperform from Market Perform at Hovde Group, tgt $34
- HBT Financial (HBT) upgraded to Outperform from Market Perform at Hovde Group, tgt $28
- Lakeland Financial (LKFN) upgraded to Outperform from Market Perform at Hovde Group, tgt $72
- PLAYSTUDIOS (MYPS) upgraded to Speculative Buy from Hold at The Benchmark Company; tgt $2
- Scansource (SCSC) upgraded to Buy from Neutral at Northcoast, tgt $42
- Scorpio Tankers (STNG) upgraded to Buy from Hold at Fearnley, tgt $56
Downgrades:
- Chevron (CVX) downgraded to Sell from Buy at DZ Bank, tgt $130
- Church & Dwight (CHD) downgraded to Hold from Buy at TD Cowen, tgt $100
- Fortinet (FTNT) downgraded to Sell from Hold at DZ Bank, tgt $95
- FrontView REIT (FVR) downgraded to Neutral from Buy at BofA Securities, tgt $15
- Lineage (LINE) downgraded to Neutral from Buy at BofA Securities, tgt $49
- Mara Holdings (MARA) downgraded to Sell from Neutral at Compass Point, tgt $9.50
- McDonald's (MCD) downgraded to Neutral from Buy at Northcoast
- National Grid (NGG) downgraded to Neutral from Buy at Citigroup
- Offerpad Solutions (OPAD) downgraded to Market Perform from Outperform at Citizens JMP
- Sweetgreen (SG) downgraded to Neutral from Overweight at JPMorgan, tgt $32
- Tactile Systems (TCMD) downgraded to Neutral from Overweight at Piper Sandler, tgt $14
- Vertex Pharmaceuticals (VRTX) downgraded to Market Perform from Outperform at Leerink, tgt $503
Others:
- Andersons (ANDE) initiated with a Market Perform at BMO Capital, tgt $45
- Broadridge Financial (BR) initiated with a Buy at Needham; tgt $300
- Cal-Maine Foods (CALM) initiated with a Market Perform at BMO Capital, tgt $100
- Canaan (CAN) initiated with a Buy at The Benchmark Company; tgt $3
- Diamondback Energy (FANG) resumed with an Outperform at Evercore ISI, tgt $165
- FirstSun Capital (FSUN) initiated with an Overweight at Stephens, tgt $44
- Shopify (SHOP) initiated with an Outperform at BMO Capital, tgt $120
- Vital Farms (VITL) initiated with an Outperform at BMO Capital, tgt $44
- Workday (WDAY) initiated with a Buy at WestPark Capital, tgt 315

Econ Data (Wednesday):
- 07:00 ET: Weekly MBA Mortgage Index (prior -4.2%)
- 10:30 ET: Weekly crude oil inventories (prior -2.696 mln)
- 14:00 ET: May FOMC Rate Decision (Briefing.com consensus 4.25-4.50%; prior 4.25-4.50%)
- 15:00 ET: March Consumer Credit (Briefing.com consensus $11.0 bln; prior -$0.8 bln)
Earnings:Monday (May 5)
Pre-Market: ARES BCRX BNTX CNA CMI FRPT HSIC IART JBTM NSSC OCUL ON PK RXRX RLJ TGTX TWST TSN ZBH
After-Hours: ADUS ACM AL AMRC AESI BRBR BCC BFAM BWXT CBT CE CERT CLX CORT CRBG CTRA DENN FANG DORM PLOW ETD EVER FN F GBDC HIMS IAC ICHR NGVT INSP IPAR JELD KRC LSCC LMB LTC MATX MAT MWA NHI NSA NVTS NBIX NMFC NJR OGS OTTR PLTR PLMR PAY PLYA PRAA PRIM O RRX RLAY SBRA SUI SNDX TALO TDW TTAM UPWK VVX VRTX VMEO VNOM VNO WMB
Tuesday (May 6)
Pre-Market: AHCO ADM AEP ARMK AROC ARRY ATKR AVNS AVNT ACLS BALL CCCS CIGI CEG CRMD DDOG DOCN DRVN DCO DUK ERJ ENR NPO EVGO FIS FWRG IT GENI GPN GFS HRMY INGR IPGP IQV J KBR KNF KTB KRYS LCII LEA LDOS LMND LPX MSGE MPC MAR MFA MPLX NWN NOVT OMCL BTU MD PHG PTLO PINC SEE SHLS SEDG SUN SHO BLD TDG THS ULS UNIT WAT WEC KLG XMTR XPEL ZTS
After-Hours: AMD AGL ALGT AFG ANDE ACA RCUS ANET AIZ ALAB AZEK BL CDRE CRC CC CHRD CRUS CPAY CRSR COTY CPNG CYTK DVN DHT DEI EA ET EXPI FLYW FBIN GEN LOPE GO HALO HLIO HMN INVX INTA IFF JKHY JAMF JAZZ JJSF KGC KVYO KLIC LCID LITE MTW MASI MRCY MOS MRC MYGN NRDS OVV PARR POWL PTCT QLYS RDFN REZI RVLV RIVN SAFE SRPT WTTR SMCI SUPN TEM TDC BWIN RARE UPST VRNS VSTS VOYA VSEC WY
Wednesday (May 7)
Pre-Market: GOLF ADNT APLS ASC AVDL AVDX AVA AXTA AZTA BAND GOLD ONC BSY TECH BLMN BWA BRKR BG CDW COR CTRI CEVA CRL CNDT DAY DK DIN DNOW EPC ELAN EMR ENTG FVRR FLEX FTS GEO GERN HAIN HNI JCI JLL KMT LNTH LFST LIVN MAGN MKTX MCFT MIDD EYE NYT NI ODP OSCR OC PGY PAYO PFGC PRGO RYTM ROK RXO SABR SHOP SWX SHOO TPB TBLA TEVA TPG TRMB TRIP UBER U VRSK VERX DIS
After-Hours: ACAD ACVA ADMA ADTN AOSL AMC DOX AWR AMPL APA APP ARM ATO CAR AXON BGS BTG BBSI BYND BKH BLBD BHF BV BMBL CVNA CENT LEU CF CPK CIVI CLF CDE COHR CMP CON CPA CORZ CXW CTVA CXT CSGS CW DGII DASH BROS ECPG ERII EPR ESE ESTA EVTC EOLS EE FSLY FNF FLNC FLUT FTNT FWRD FSK GNK G GDRX GT GXO HRB HLI HHH HP INFA IIPR IONQ JXN JOBY KMPR KNTK KGS KTOS KD LB LZ LNW MGNI MFC MQ VAC MIRM MKSI MUR MUSA NATL OXY KAR OEC ORA PAAS PAYC PR PBI PRI QTWO QGEN QDEL QNST RDWR RBA RELY RVMD ROOT RGLD RXST SDGR SNDK SBGI SITM STR SWKS SONO STAA RUN SYM TTEK TPC USPH UGI VECO VCYT VRRM VIR VSH WTS WES Z
Thursday (May 8)
Pre-Market: ACIW ACMR ALIT ALGM ALE ATUS COLD APPN ARHS ASPN ATHM BCE BIGC BUD CG CARS LNG CHH YOU CCOI COP CNR CROX ENOV EPAM EVRG FA GEL GTN GPRE HAE HBI HIMX INSM IBP NTLA INSW JBI KVUE KRP DNUT LAMR LTH LGND LNC MTSI MBUU MTCH MMS MDU TIGO TAP NABL VYX NTCT NXST NOMD NVMI NTR OLPX OMI PZZA PTON PENN PLNT PLTK PBH PRMB PRVA QSR SPNS SCSC SRE SN FUN SGI SPB STGW STVN SSYS TPR TGLS TGNA USFD VVV VCEL VTRS VITL WRBY WBD WMG WWW XRAY YETI
After-Hours: FLWS TXG ATGE AFRM AKAM ALRM LNT AHR AMN AAOI ARLO AGO ASTH AVPT BBDC BILL CARG CLNE CLSK NET COIN COLL CRNX DH DIOD DV DKNG DBX EVCM EVH EXPE FRT FIGS FOXF FNV FNKO GMED GDOT HUBG HUBS ICUI ILMN INOD IOSP PODD FROG LPLA LYFT MARA MCK MTUS MCHP MITK MELI MP NTRA NWSA LASR OLO OS ONTO OUT PCRX PARA PINS POST PGNY PUBM RXT RNG RKT RKLB ST SOLV SOUN SPT SG SYNA TXRH TTD TKO TOST TMDX TMCI TREX VREX VCTR WEST WOLF XPOF YELP ZD ZIP ZYME
Friday (May 9)
Pre-Market: AQN AMR AMCX ANIP CLMT ROAD EMBC ENB ESNT GOGO KOP KYMR PAR PBA PAA STWD SLF SLVM WULF TXNM
After-Hours: HE