After Hours Report

Stocks rallied in the final session of the month as strong earnings growth from some of the market's largest components propelled the S&P 500 (+1.0%) and Nasdaq Composite (+0.9%) to fresh record highs, while the DJIA (+1.6%) captured an even wider gain for the day. Following the latest batch of earnings, the Q1 blended growth estimate jumped from 15% yesterday to 26% today, according to FactSet, helping set the stage for a broad-based advance.

Ten S&P 500 sectors finished higher, led by a substantial gain in the communication services sector (+4.0%) following Alphabet's (GOOG 381.94, +34.63, +9.97%) Q1 earnings, which exceeded expectations across all major segments, supported by accelerating AI-driven demand and improved operating leverage. Alphabet's gain was more than enough to offset weakness in Meta Platforms (META 611.91, -57.21, -8.55%), which also topped estimates, although investors reacted negatively to in-line Q2 guidance and a sharp increase in the company's FY26 capital expenditure plans.

Elsewhere, Caterpillar (CAT 890.75, +80.70, +9.96%) was one of several blue-chip stocks to post impressive gains after a blowout earnings report of its own, contributing to the outperformance of both the DJIA and the industrials sector (+2.8%).

Eli Lilly (LLY 934.34, +83.13, +9.77%), the health care sector's (+2.2%) largest component, notched a similar gain, as it also posted a decisive earnings beat that was boosted by a 125% increase in Mounjaro sales.

While the consumer discretionary sector (+1.2%) logged a more modest advance, its sharp move above its flat line in the early afternoon helped the major averages finish near session highs. Amazon (AMZN 265.06, +2.02, +0.77%) faced some choppy action as investors weighed a strong EPS beat and upside revenue growth against elevated capital spending and a recent run-up to earnings, but finished with a nice gain.

Meanwhile, the top-weighted information technology sector (-0.6%) was the only S&P 500 sector to miss out on today's advance.

Similar to Meta Platforms, Microsoft (MSFT 407.78, -16.68, -3.93%) topped earnings expectations, but moved sharply lower as investors reacted to elevated capital expenditure plans.

NVIDIA's (NVDA 199.53, -9.72, -4.64%) loss also weighed heavily on the sector, with some analysts attributing the retreat to rising competition from other hyperscalers such as Alphabet and Amazon. Still, the PHLX Semiconductor Index (+2.3%) moved higher throughout the session, led by an impressive post-earnings gain from Qualcomm (QCOM 179.58, +23.58, +15.12%) and a rebound in Teradyne (TER 343.47, +37.14, +12.12%) following yesterday's slide.

Western Digital (WDC 434.52, +21.76, +5.27%) and Apple (AAPL 271.35, +1.13, +0.42%) both traded higher ahead of their earnings after the close. 

Outside of the S&P 500, the Russell 2000 (+2.2%) and S&P Mid Cap 400 (+1.7%) outperformed.

Overall, today's session capped a historic month for equities that saw the market reclaim losses attributed to the U.S.-Iran conflict and make a renewed push into record territory. To that end, the U.S. and Iran seemingly remain at an impasse on negotiations, but a modest retreat in oil prices today added to the constructive backdrop.

The S&P 500 (+10.4% month-to-date), Nasdaq Composite (+15.3% month-to-date), and DJIA (+7.1% month-to-date) each logged strong monthly advances, highlighting a powerful rebound that carried the market back to record highs alongside a notable acceleration in earnings growth.

U.S. Treasuries ended April on a higher note, reclaiming a portion of their losses from this month. The 2-year note yield settled down five basis points to 3.88% (+8 basis points in April), and the 10-year note yield settled down three basis points to 4.39% (+8 basis points in April).

• Russell 2000: +12.8% YTD
• S&P Mid Cap 400: +10.1% YTD
• Nasdaq Composite: +7.1% YTD
• S&P 500: +5.3% YTD
• DJIA: +3.3% YTD

Reviewing today's data:

• Q1 GDP-Adv. 2.0% (Briefing.com consensus 2.1%); Prior 0.5%, Q1 Chain Deflator-Adv. 3.6% (Briefing.com consensus 3.3%); Prior 3.7%
  • The key takeaway from the report is that the growth was driven by gross private domestic investment, which contributed 1.48 percentage points, and personal consumption expenditures, which contributed 1.08 percentage points to the GDP increase. Not to be overlooked, though, is that the PCE price index was up 4.5%, while the core PCE price index was up 4.3%.
• March Personal Income 0.6% (Briefing.com consensus 0.4%); Prior was revised to 0.0% from -0.1%, March Personal Spending 0.9% (Briefing.com consensus 0.4%); Prior was revised to 0.6% from 0.5%, March PCE Prices 0.7% (Briefing.com consensus 0.6%); Prior 0.4%, March PCE Prices - Core 0.3% (Briefing.com consensus 0.3%); Prior 0.4%
  • The key takeaway from the report is that spending has remained solid in the face of stubbornly high inflation—a dynamic that is going to leave the Fed disinclined to cut rates.
• Q1 Employment Cost Index 0.9% (Briefing.com consensus 0.8%); Prior 0.7%
  • The key takeaway from the report is that the increase in wages and salaries for civilian workers over the last 12 months (3.4%) is barely running ahead of inflation.
• Weekly Initial Claims 189K (Briefing.com consensus 217K); Prior was revised to 215K from 214K, Weekly Continuing Claims 1.785 mln; Prior was revised to 1.808 mln from 1.821 mln
  • The key takeaway from the report is the strikingly low number of initial claims. That just isn't consistent with a labor market that is falling apart—far (very far) from it.
• April Chicago PMI 49.2 (Briefing.com consensus 52.4); Prior 52.8

Overseas:

• Europe: DAX +1.4%, FTSE +1.6%, CAC +0.5%
• Asia: Nikkei -1.1%, Hang Seng -1.3%, Shanghai +0.1%

Commodities:

• Crude Oil -1.83 @ 105.15
• Nat Gas +0.11 @ 2.76
• Gold +69.90 @ 4630.90
• Silver +2.60 @ 74.06
• Copper +0.04 @ 5.98

After-Hours Spotlight:

• Apple (AAPL) beats by $0.06, beats on revs; iPhones roughly in line with estimates; increases dividend 4%; authorized an additional program to repurchase up to $100 billion of common stock...AAPL +3.9%
• Amgen (AMGN) beats by $0.38, reports revs in-line; guides FY26 EPS in-line, revs in-line...AMGN -1.9%
• Atlassian (TEAM) beats by $0.42, beats on revs; guides Q4 revs in-line...TEAM +24.4%
• Boston Beer Co (SAM) misses by $0.32, reports revs in-line; reaffirms FY26 EPS guidance...SAM -3.4%
• Cohu (COHU) misses by $0.02, beats on revs; guides Q2 revs above consensus...COHU +4.5%
• Clorox (CLX) misses by $0.01, reports revs in-line; guides FY26 EPS below consensus, revs above consensus...CLX -6.7%
• First Solar (FSLR) beats by $0.19, reports revs in-line; reaffirms FY26 revs guidance...FSLR -0.1%
• Floor & Decor (FND) misses by $0.04, misses on revs; guides FY26 EPS in-line, revs in-line; authorizes new $400 mln share repurchase program...FND -8.3%
• Monolithic Power (MPWR) beats by $0.20, beats on revs; guides Q2 revs above consensus...MPWR +0.5%
• Reddit (RDDT) beats by $0.44, beats on revs; guides Q2 revs above consensus...RDDT +8.9%
• Rivian Automotive (RIVN) beats by $0.30, reports revs in-line; Guides for 2026 Deliveries of 62-67K...RIVN -3.6%
• Roblox (RBLX) beats by $0.06, reports revs in-line...RBLX -19.9%
• Roku (ROKU)beats by $0.25, beats on revs; guides Q2 revs above consensus; reaffirms FY26 revs guidance...ROKU +6.2%
• Sandisk (SNDK) beats by $8.79, beats on revs, non-GAAP gross margin up 27.3 ppt; guides Q4 EPS above consensus, revs above consensus...SNDK -7.0%
• Twilio (TWLO) beats by $0.23, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY26 revs above consensus...TWLO +16.6%
• Western Digital (WDC) beats by $0.33, beats on revs; guides Q4 EPS above consensus, revs above consensus; increases dividend...WDC -7.3%

Fair Value for Friday, April 30:

• S&P 500: 7,238
• Nasdaq 100: 27,583
• DJIA: 49,787

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

• Earnings/Guidance (Full Earnings Calendar):
  • Acadia Healthcare (ACHC) beats by $0.11, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; raises FY26 EPS guidance, still in-line, revs in-line
  • Aflac (AFL) misses by $0.04, beats on revs
  • Align Tech (ALGN) beats by $0.28, beats on revs; guides Q2 revs in-line; reaffirms FY26 revs guidance; Co expects to repurchase an additional $200 mln of its common stock
  • Allstate (ALL) beats by $3.34, beats on revs
  • Alphabet (GOOG) beats by $2.48, beats on revs, Google Cloud revenue +64% yr/yr; Increases dividend by 5% to $0.22/share
  • Altria (MO) beats by $0.07, beats on revs; reaffirms FY26 EPS guidance
  • Amazon (AMZN) beats by $1.15, beats on revs; guides Q2 revs above consensus
  • Ametek (AME) beats by $0.07, reports revs in-line; guides Q2 EPS in-line; guides FY26 EPS in-line
  • Amrize (AMRZ) misses by $0.03, beats on revs; reaffirms FY26 revs and adjusted EBITDA guidance
  • Antero Resources (AR) beats by $0.57, beats on revs
  • A.O. Smith (AOS) misses by $0.09, misses on revs; lowers FY26 EPS guidance; reaffirms FY26 rev guidance
  • Benchmark Electronics (BHE) beats by $0.02, reports revs in-line; guides Q2 EPS above consensus, revs above consensus
  • Bristol-Myers (BMY) beats by $0.16, beats on revs; reaffirms FY26 EPS guidance, revs guidance
  • Broadridge Financial (BR) beats by $0.12, beats on revs; guides FY26 EPS in-line
  • Canadian Pacific Kansas City Ltd. (CP) misses by CC$0.03, misses on revs
  • Cardinal Health (CAH) beats by $0.38, misses on revs; raises FY26 EPS above consensus
  • Carvana (CVNA) reports Q1 results, beats on revs
  • Caterpillar (CAT) beats by $0.89, beats on revs
  • Cheesecake Factory (CAKE) beats by $0.04, beats on revs
  • Chipotle Mexican Grill (CMG) reports EPS in-line, revs in-line; Sees FY26 comparable restaurant sales to be about flat
  • C.H. Robinson (CHRW) beats by $0.12, reports revs in-line
  • CONMED (CNMD) beats by $0.07, beats on revs; reaffirms FY26 EPS guidance, guides FY26 revs in-line
  • ConocoPhillips (COP) beats by $0.21, beats on revs
  • Cousins Prop (CUZ) beats by $0.02, beats on revs; guides FY26 FFO in-line
  • Crocs (CROX) beats by $0.22, beats on revs; guides Q2 EPS in-line; guides FY26 EPS in-line, raises revenue growth outlook
  • eBay (EBAY) beats by $0.08, beats on revs; guides Q2 EPS in-line, revs in-line
  • Eli Lilly (LLY) beats by $1.58, beats on revs, Mounjaro sales +125%; raises FY26 EPS and revenue guidanec
  • Employers Holdings (EIG) beats by $0.02, misses on revs; increases dividend, authorizes repurchase
  • Equinix (EQIX) misses by $0.21, misses on revs; guides Q2 revs above consensus; raises FY26 FFO and revenue guidance
  • Ethan Allen (ETD) beats by $0.04, reports revs in-line
  • Flowserve (FLS) beats by $0.05, misses on revs; reaffirms FY26 EPS guidance, guides FY26 revs in-line
  • Ford Motor (F) beats by $0.48, misses on revs; raises adjusted EBIT guidance
  • FormFactor (FORM) beats by $0.12, reports revs in-line; guides Q2 EPS above consensus, revs above consensus
  • Fortive (FTV) beats by $0.06, beats on revs; reaffirms FY26 EPS guidance
  • Frontdoor (FTDR) beats by $0.05, beats on revs; guides Q2 revs in-line; reaffirms FY26 revs guidance
  • FTAI Aviation Ltd. (FTAI) misses by $0.21, beats on revs
  • FTI Consulting (FCN) misses by $0.17, beats on revs; guides FY26 EPS in-line, revs in-line
  • Glaukos (GKOS) beats by $0.10, beats on revs; raises FY26 revs above consensus
  • Green Brick Partners beats by $0.21, beats on revs
  • Hanover Insurance (THG) beats by $1.03, beats on revs
  • Hershey Foods (HSY) beats by $0.31, beats on revs; guides FY26 EPS in-line, revs in-line
  • Hilton Grand Vacations (HGV) beats by $0.43, beats on revs; Raises FY26 adjusted EBITDA guidane
  • Hyatt Hotels (H) beats by $0.07, misses on revs
  • Intercontinental Exchange (ICE) beats by $0.12, beats on revs
  • Impinj (PI) beats by $0.03, beats on revs; guides Q2 EPS above consensus, revs above consensus
  • Iron Mountain (IRM) beats by $0.04, beats on revs; raises FY26 FFO above consensus
  • KLA Corporation (KLAC) beats by $0.23, beats on revs; guides Q4 EPS in-line, revs in-line; increases quarterly dividend & adds an additional $7 billion for repurchases of common stock
  • Labcorp Holdings Inc. (LH) beats by $0.14, reports revs in-line; raises FY26 EPS in-line, revs in-line
  • Lincoln Electric (LECO) beats by $0.07, beats on revs
  • LKQ (LKQ) reports EPS in-line, beats on revs; reaffirms FY26 EPS guidance
  • Martin Marietta (MLM) beats by $0.15, beats on revs; guides FY26 revs in-line
  • Mattel (MAT) beats by $0.01, beats on revs; guides FY26 EPS above consensus, reaffirms FY26 revs guidance
  • Merck (MRK) beats by $0.19, beats on revs; narrows FY26 guidance
  • Meta Platforms (META) beats by $3.77, beats on revs; guides Q2 revs in-line; increases FY26 CapEx guidance
  • MGM Resorts (MGM) misses by $0.01, beats on revs
  • Microsoft (MSFT) beats by $0.22, beats on revs; Azure up 40%, +39% CC vs +37-38% CC prior guidance
  • Mid-America Aptmt (MAA) reports FFO in-line, revs in-line; guides FY26 FFO in-line
  • Moelis (MC) misses by $0.03, reports revs in-line
  • Molson Coors Brewing (TAP) beats by $0.26, beats on revs; reaffirms FY26 EPS guidance
  • Murphy USA (MUSA) beats by $1.94, beats on revs
  • MYR Group (MYRG) beats by $0.94, beats on revs
  • National Fuel Gas (NFG) misses by $0.13, reports revs in-line; lowers FY26 EPS below consensus
  • NETGEAR (NTGR) beats by $0.13, beats on revs; announces buyback
  • O'Reilly Auto (ORLY) beats by $0.02, beats on revs; guides FY26 EPS in-line, reaffirms FY26 revs guidance; Q1 comps +8.1%
  • Pilgrim's Pride (PPC) misses by $0.14, beats on revs
  • Plexus (PLXS) beats by $0.17, beats on revs; guides Q3 EPS above consensus, revs above consensus; CFO to retire, names David Abuhl as next CFO
  • Q2 Holdings (QTWO) misses by $0.08, reports revs in-line; guides Q2 revs in-line; guides FY26 revs in-line
  • Qualcomm (QCOM) beats by $0.09, reports revs in-line; guides JunQ EPS below consensus, revs below consensus
  • Quanta Services (PWR) beats by $0.64, beats on revs; guides FY26 EPS above consensus, revs above consensus
  • Royal Caribbean (RCL) beats by $0.40, reports revs in-line; guides Q2 EPS below consensus; guides FY26 EPS above consensus
  • SBA Comm (SBAC) beats by $0.06, beats on revs; guides FY26 FFO in-line, revs mostly above consensus
  • Service Corp (SCI) misses by $0.03, reports revs in-line; guides FY26 EPS in-line
  • Sirius XM (SIRI) beats by $0.01, reports revs in-line; reaffirms FY26 revs guidance
  • Sonic Automotive (SAH) beats by $0.22, misses on revs; increases buyback; raises dividend
  • Sprouts Farmers Market (SFM) beats by $0.03, reports revs in-line; guides Q2 EPS in-line; guides FY26 EPS in-line, reaffirms FY26 revs guidance
  • Tenet Healthcare (THC) beats by $0.65, reports revs in-line; raises FY26 EPS guidance; reaffirms FY26 guidance
  • Tetra Tech (TTEK) beats by $0.02, beats on revs; guides Q3 EPS in-line, revs in-line; guides FY26 EPS in-line, revs above consensus
  • The Cigna Group (CI) beats by $0.19, beats on revs; guides FY26 EPS above consensus
  • TTM Tech (TTMI) beats by $0.08, beats on revs; guides Q2 EPS above consensus, revs above consensus
  • Tyler Tech (TYL) beats by $0.09, reports revs in-line; guides FY26 EPS in-line, revs above consensus
  • Viavi (VIAV) beats by $0.04, beats on revs; guides JunQ EPS above consensus, revs above consensus
  • VICI Properties (VICI) beats by $0.01, reports revs in-line; guides FY26 FFO in-line
  • Wayfair (W) misses by $0.02, beats on revs
  • Waystar Holding Corp. (WAY) beats by $0.03, reports revs in-line; guides FY26 EPS in-line, revs in-line
  • Woodward (WWD) beats by $0.17, beats on revs; guides FY26 EPS above consensus, revs above consensus
  • Wyndham Hotels & Resorts (WH) beats by $0.10, beats on revs; reaffirms FY26 EPS guidance, guides FY26 revs in-line
• General News
  • U.S. Central Command will brief President Trump on military options in Iran today as he considers resuming military operations. Another plan being considered is using military to take over Strait of Hormuz (SPY, USO, XLE). Axios
  • The Trump administration is considering the use of the Dark Eagle hypersonic missile against Iran. Bloomberg
  • President Trump told Israeli Prime Minister Benjamin Netanyahu that Israel should only take "surgical" strikes in Lebanon (EIS). Axios
  • The Trump administration is seeking international partners to enable navigation in the Strait of Hormuz. WSJ
  • Republicans are making plans to redraw congressional maps in several southern states following the Supreme Court's ruling on the Voting Rights Act, but it remains unclear how many states can change their maps before the midterms.
  • House Republicans pass reconciliation resolution for $75 billion in immigration enforcement funding, Politico
  • Axios reporter Barak Ravid says President Trump has not yet given the order to implement CENTCOM's plan for a "short and powerful" wave of strikes on Iran
  • Albany Intl's (AIN) segment, Albany Engineered Composites, has received a long-term contract from Pratt & Whitney, an RTX (RTX) business, to produce composite structural engine components for the commercial aviation Pratt & Whitney GTF engine
  • Alector (ALEC) confirmed that the Phase 2 PROGRESS-AD trial of nivisnebart in individuals with early Alzheimer’s disease will be discontinued
  • Amazon (AMZN) wants to bring back "The Apprentice" with Donald Trump Jr. as the host, WSJ
  • Anthropic is mulling funding options at a $900 bln valuation, Bloomberg
  • Avita Medical (RCEL) announces that RECELL GO has received certification from Australia’s Therapeutic Goods Administration and has been listed on New Zealand’s Web Assisted Notification of Devices database by Medsafe, enabling commercialization in both markets for burn and acute wound treatment
  • Builders FirstSource (BLDR) announces Board of Directors has authorized the repurchase of up to $500 million of the Company’s outstanding shares of common stock, which includes the approximately $200 million remaining under its prior April 2025 authorization
  • Cousins Prop (CUZ) has authorized the repurchase of up to $500 mln of its outstanding common stock under its share repurchase program, increasing the total authorization under the program by $250 mln
  • Entegris (ENTG) announces the appointment of Sukhi Nagesh as the Company’s Chief Financial Officer, effective May 18, 2026
  • FTAI Aviation Ltd. (FTAI) announces it has amended and extended its existing revolving credit facility 2031, increasing total commitments from $400 million to $2.025 billion and extending the maturity to April
  • GlaxoSmithKline (GSK) Canada secures priority review for regulatory submission of bepirovirsen, a potential functional cure treatment for chronic hepatitis B
  • Green Brick Partners (GRBK) Audit Committee concluded that residential units revenue in prior periods had been incorrectly reported on a gross basis; to restate delect financials
  • High Roller Technologies (ROLR) announces increased investment in applied artificial intelligence capabilities in support of the Company’s planned U.S. prediction markets launch
  • KBR (KBR): Engine Capital has a 2% stake in KBR and wants the company to consider a sale, WSJ
  • Neurocrine Biosciences (NBIX) announces the publication of new peer-reviewed research in The Journal of Clinical Psychiatry demonstrating how the Tardive Dyskinesia Impact Scale helps characterize patient-reported burden in tardive dyskinesia and has been used in clinical studies to assess meaningful improvement over the course of treatment with INGREZZA capsules
  • Novartis AG (NVS) plans to add a new facility in Morrisville, North Carolina, focused on active pharmaceutical ingredient manufacturing for solid dosage tablets, capsules and RNA therapeutics
  • Nvidia's (NVDA) B300 server chips cost $1 million in China, Reuters
  • OGE Energy's (OGE) OG&E announces landmark contract with Google (GOOG / GOOGL)
  • Plexus (PLXS) announces that Patrick Jermain, Executive Vice President and Chief Financial Officer, has elected to retire after a distinguished 15-plus year career at Plexus, including 12 years as C
  • Pool (POOL) increases the company’s share repurchase program to $600.0 mln and increases quarterly dividend
  • ProPetro (PUMP) announces that its PROPWR business unit has entered into a strategic framework agreement with Caterpillar Inc. (CAT)
  • Qualcomm (QCOM) announces new $20 bln share repurchase authorization
  • Spirit Airlines (FLYYQ) bailout talks have stalled, CBS News
  • Swarmer (SWMR) announces its subsidiary, Swarmer Estonia OÜ, has entered into a memorandum of understanding with HIMERA to establish a strategic partnership focused on integrating resilient communications into Swarmer’s next-generation autonomy stack
  • Viasat (VSAT) announces successful launch and initial signal acquisition of the ViaSat-3 Flight 3 satellite
  • Vornado Rlty Trust (VNO) has authorized the repurchase of up to $300 mln of its outstanding common shares under a new share repurchase program

• Upgrades:
  • AbbVie (ABBV) upgraded to Buy from Neutral at BofA Securities, tgt $234
    
  • Blackbaud (BLKB) upgraded to Outperform from Neutral at Robert W. Baird, tgt $50
    
  • Costamare (CMRE) upgraded to Buy from Hold at Fearnley, tgt $21
    
  • Danaos (DAC) upgraded to Buy from Hold at Fearnley, tgt $174
    
  • Equinix (EQIX) upgraded to Strong Buy from Market Perform at Raymond James, tgt $1,250
    
  • Everus (ECG) upgraded to Buy from Neutral at Guggenheim; tgt $160
  • Global Ship Lease (GSL) upgraded to Buy from Hold at Fearnley, tgt $51
    
  • Hertz (HTZ) upgraded to Neutral from Sell at Northcoast, tgt $5
    
  • Lennox (LII) upgraded to Buy from Hold at Vertical Research, tgt $600
    
  • Lloyds Banking (LYG) upgraded to Buy from Neutral at UBS
    
  • Nutrien (NTR) upgraded to Buy from Neutral at BofA Securities, tgt $82
    
  • Qualcomm (QCOM) upgraded to Buy from Hold at Summit Insights
    
  • SiteOne Landscape (SITE) upgraded to Buy from Hold at Deutsche Bank, tgt $160
  • Teradyne (TER) upgraded to Overweight from Neutral at JP Morgan; tgt $400
  • Xometry (XMTR) upgraded to Overweight from Neutral at Cantor Fitzgerald; tgt $62
• Downgrades:
  • Appian (APPN) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $25
    
  • CGI (GIB) downgraded to Sector Perform from Outperform at RBC Capital
    
  • Constellium (CSTM) downgraded to Neutral from Overweight at JPMorgan, tgt $34
    
  • Expand Energy (EXE) downgraded to Market Perform from Outperform at William Blair
    
  • GE HealthCare (GEHC) downgraded to Neutral from Buy at Goldman, tgt $65
    
  • Kaiser Aluminum (KALU) downgraded to Underweight from Neutral at JPMorgan, tgt $142
  • Meta Platforms (META) downgraded to Neutral from Overweight at JPMorgan, tgt $725
    
  • MVB Financial (MVBF) downgraded to Market Perform from Outperform at Raymond James
    
  • ONEOK (OKE) downgraded to Sector Perform from Sector Outperform at Scotiabank; tgt $89
  • Wingstop (WING) downgraded to Neutral from Buy at Goldman, tgt $190
• Others:
  • AeroVironment (AVAV) initiated with a Buy at Clear Street, tgt $293
    
  • Kratos Defense (KTOS) initiated with a Buy at Clear Street, tgt $82
    
  • Mistras (MG) initiated with a Buy at Roth Capital, tgt $22
    
  • Palantir Technologies (PLTR) initiated with an Outperform at Oppenheimer; tgt $200
  • Red Cat (RCAT) initiated with a Buy at Clear Street, tgt $22
    
  • Sutro Biopharma (STRO) initiated with an Outperform at Mizuho, tgt $50

• Econ Data (Friday):
  • 9:45 ET: Final April S&P Global U.S. Manufacturing PMI (prior 54.0)
  • 10:00 ET: March Construction Spending (prior NA) and April ISM Manufacturing Index (Briefing.com consensus 53.1%; prior 52.7%)

• Earnings:
  • Monday (April 27)
    • Pre-Market: DPZ DEA NE VZ
    • After-Hours: ARE AMKR AMRZ AVB BBBY BRX BRO CDNS CLS CINF CDP CR CCK CTOS HLMN KFRC KRC LC NWBI NOV NUE PSA SANM SSD SUI UHS VTR
      
    Tuesday (April 28)
    • Pre-Market: ALLE AB AMT AIT ARCB ARCC AWI ABG AVY BP CECO CNC CMS KO CVLT GLW CURB ECL EPD FCF FELE BEN GLXY GM HRI HLT HOPE INCY IVZ ITRI JBLU KMB KNSA LGIH NVS OMCL PCAR PNR PJT PII SPGI SHW SFD SPOT SCL SYY TRU UPS WSO XYL ZBH
    • After-Hours: ATEN AKR ACGL APAM ASH NTB BE BKNG BXP CZR CDNA CSGP EIX ESI ENPH EQR ESS EXLS EXE EXR FFIV FICO FE GEF HIW IR LSTR MIR MDLZ NBR NEO NOG NXPI OI OHI OMC OKE OPK PEB PPG RNR RNST RBBN HOOD RSI SBCF STX ST SIMO SLDE STAG SBUX LRN TMUS TER TRMK UCTT UMBF UNM VRNS VLTO V WPC WM WBS WELL WERN
  • Wednesday (April 29)
    • Pre-Market: ABBV AER AGIO APH ADP AVTR CAR AVT BLCO BIIB BLKB EAT BIP BG CNI CRS GIB CHEF CLVT CTSH CBU CSTM DAN EME ETR ETSY EEFT EVR EXTR FSS FVRR GRMN GEHC GNRC GD GSK HAYW HUM IEX IONS LMND LII LAD LXP MTRN MGPI NAVI OGE ODFL OSW PSN PAG PSX PRG PUMP PB REGN SMG SLGN SITE SOFI SWK TEVA COCO TW UMC VRSK VIRT VMC WING YUMC YUM
      
    • After-Hours: ACHC AFL AGI ALGN ALKT ALL GOOG AMZN AFG AWK AM AR AXS BHE CHRW CWH CP CVNA CBZ CAKE CMG CNMD CLB CUZ CVI DK EBAY EIG EQIX ETD EG FIBK FLS FMC F FORM FCPT FTAI GFL GKOS GRBK THG PI IRT INVH MAT MAX META MEOH MTG MGM MSFT MAA MC MUSA MYRG NFG NTGR NWE ORLY PPC PLXS PRCT PFS QTWO QCOM RRR REG SBRA SBAC SCI SFM TDOC TENB
  • Thursday (April 30)
    • Pre-Market: AOS ADT APD AIN ALNY MO AME APG MT ATI AXTA BAX BDC BMY BR BC BLDR CWT CAH CARR CAT CCC CHKP CHH CNH CNX COP CRH CROX CFR DAR DTM DTE LLY ENTG FTV FTDR FCN GTX GIL GVA GPI HSY HGV HUBB H IDA ITW NSP IP ITGR ICE IDCC IRM JLL KIM KEX KYMR LHX LH LAUR LECO LKQ MLM MA MPT MRK TAP NMRK NNN NVCR OPCH PH PATK PBF PHIN PWR RCL SAIA SIRI SW SAH SO STGW SXC TROW FTI THC TXT CI TT TRS TNET TRN UPBD VLO VISN W WCC WTW XEL XRX XPO
    • After-Hours: AEM ALHC LNT AIG AMGN AAPL ATR ACA ARDX AJG TEAM AX BZH BIO SAM CPT CWST CLX CNO COHU COLM CORT CUBE DXCM DRH DLB EMN EHC EXPO FHI FSLR FIVN FND GDDY LOPE GDYN HR HUN ILMN IMAX INGM IRTC TREE LPLA MTZ MMSI MTX MHK MPWR NMIH PCRX PK KWR RDDT RMD RIOT RIVN RBLX ROKU RYAN RHP SNDK SNDR SEM SBGI SPSC SPXC SYK SKT TRUP TWLO OLED HCC WDC WY ZETA
  • Friday (May 1)
    • Pre-market: AMG AON ARES ATMU AN BTSG CBOE CVX CHD CNK CL D EL XOM FRT GTES DINO HBM IMO LAZ LEA LIN LYB MGA MRNA NWL NVT OMF PWP PIPR POR PRLB TRP TEX TPG WNC WT XHR
    • After-Hours: None