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Apple Stuns Wall Street

Apple just delivered one of its most impressive quarters in years — and the stock that everyone has debated, doubted, and owned anyway rose more than 3% on the news.

  • Revenue climbed 17% to $111.18 billion, blowing past the $109.66 billion analysts expected.

  • The guidance was even more striking — Apple sees fiscal Q3 revenue growing 14% to 17% year-over-year, nearly double the 9.5% Wall Street had penciled in.

CEO Tim Cook, who is preparing to step down in September after 15 years leading the company, credited surging demand for the iPhone 17 family — which he called "the most popular lineup in our history" — along with strong Mac and services momentum.

The MacBook Neo, launched in March, is apparently flying off shelves. Services revenue hit $30.98 billion, up 16%, and gross margins reached a record 49.3%.

$AAPL ( ▲ 0.68% ) has a Ziggma score of 74, driven by exceptional profitability and financial strength. Analysts project 7% upside for the stock from current levels.

Our takeaway

Apple's ability to post blowout guidance while simultaneously navigating a global memory crunch — and doing so with expanding margins — is extraordinary.

The bears have been waiting years for Apple's services engine to stall. Instead, it keeps accelerating.

Morgan Stanley raised its EPS estimate to $8.89 for the fiscal year, and frankly, that might still prove conservative.

Cook's exit creates uncertainty, but the machine he built is running on all cylinders.

Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.

One of the biggest potential winners? Mode Mobile.

Mode’s EarnPhone already reaches 490M+ users that have earned over $1B, and that’s before global satellite coverage. With SpaceX eliminating "dead zones," Mode's earning technology can now reach billions more in unbanked and rural populations worldwide.

Their global expansion is perfectly timed, and investors like you still have a chance to invest in their pre-IPO offering at $0.50/share.

With their recent 32,481% revenue growth and newly reserved Nasdaq ticker, Mode is one step closer to a potential IPO.

Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.

Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.

The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.

🔎 FREE GOODSTOCKS RESEARCH:

🌍 Market Overview

May began with a bang for equities, particularly in tech.

The Nasdaq crossed 25,000 for the first time, logging its best monthly performance since 2020 alongside the S&P 500.

Apple's earnings were the dominant catalyst, but the session was layered with complexity.

Oil prices slid nearly 3%, with U.S. WTI settling at $101.94 a barrel, after reports that Iran communicated its response to a U.S. draft peace agreement through Pakistani mediators.

President Trump later said he was "not satisfied" with Iran's offer, trimming some of the oil's losses.

The Dow underperformed, weighed down by rotation out of defensive names as investors chased growth.

On the macro front:

  • The ISM manufacturing index held steady at 52.7 in April, but the prices sub-index surged to 84.6 — a four-year high — reflecting tariff pressures and energy costs tied to the Iran conflict.

  • Meanwhile, Federal Reserve dissenters Neel Kashkari (Minneapolis) and Beth Hammack (Cleveland) explained their votes against the post-meeting statement, objecting to language they felt implied the Fed's next move would be a rate cut.

Stock Moves Deciphered 📈

💰 Cboe Global Markets (CBOE)

Cboe Global Markets hit record highs after a standout Q1 earnings report. The financial exchange operator posted a 54% year-over-year jump in diluted EPS to $3.66, while net revenue surged 29%.

The company credited disciplined execution of its strategic realignment initiatives for the exceptional outperformance.

🤖 SanDisk (SNDK)

SanDisk has become the undisputed star of 2026, with year-to-date gains exceeding 300% — cementing its place as the top-performing S&P 500 stock this year.

The data storage company reported soaring revenue and profits, riding an extraordinary wave of demand for storage solutions fueled by the AI infrastructure buildout and ongoing semiconductor supply constraints.

🚀 Micron Technology (MU)

Micron Technology shares rose 4.8% as the memory chip maker continues to benefit from severe supply constraints and surging demand.

The company recently reported a staggering 196% year-over-year revenue growth, driven by elevated pricing for DRAM and NAND memory chips essential for artificial intelligence applications and high-bandwidth memory requirements.

Headlines You Can't Miss 👀

🚗 Trump announces he will raise tariffs on EU cars and trucks to 25%, immediately hitting Stellantis and Ferrari shares.

📉 Spirit Airlines shares collapsed more than 62% after The Wall Street Journal reported the carrier is preparing to liquidate its fleet and shut down operations.

📈 Roku popped 7% after reporting Q1 revenue of $1.25 billion, beating estimates, with EBITDA and current-quarter guidance also topping forecasts.

💄 Estee Lauder surged more than 11% on a better-than-expected Q3 earnings report, posting $0.91 EPS vs. $0.65 estimated, and announced further job cuts as part of its turnaround.

🛢️ Exxon Mobil and Chevron both beat Q1 estimates despite Iran-related shipping disruptions — Chevron earned $1.41/share adjusted vs. 95 cents expected.

🏦 Blue Owl Capital surged ~10% after disclosing it made roughly 10x its initial investment in SpaceX; BofA reiterated a Buy with an implied ~85% upside from current levels.

🔋 First Solar jumped 4.9% after beating Q1 estimates with $3.22 EPS on $1.04 billion in revenue, a 24% year-over-year sales increase, driven by record module volumes.

🎮 Roblox tanked 21% after hours after slashing its full-year bookings guidance to a range of $7.33B–$7.60B, well below prior expectations.

💬 Reddit jumped ~12% after hours as daily active users hit 126.8 million in Q1, narrowly beating analyst estimates of 125.9 million.

🏭 ISM Manufacturing Prices Index surged to 84.6 in April — a four-year high — signaling accelerating input cost inflation driven by tariffs and energy prices.

💸 Intel (INTC)

Shares surged 5.4% on strong Q1 results, extending year-to-date gains past 120%. Investors are rewarding Intel's progress in its turnaround and its growing positioning in AI and advanced chip manufacturing amid a booming semiconductor landscape.

🗞️ American International Group (AIG)

AIG rallied after reporting an 80% surge in adjusted after-tax earnings to $2.11 per share, crushing estimates.

Net premiums written rose 24%, and underwriting income more than tripled, reflecting a dramatically improved underwriting discipline across the business.

🚀 Lumentum (LITE)

Lumentum advanced 7.7% after fiscal Q2 results beat on both revenue and earnings. The stock has more than doubled in 2026, driven by surging demand for optical networking components essential to AI data center buildouts.

What’s Next?

Earnings to Watch 👇

📊 Palantir $PLTR ( ▲ 0.19% ) reports Q1 earnings after the bell on Monday: AI revenue momentum in focus.

💻 AMD $AMD ( ▼ 5.69% ) releases Q1 results: forward guidance on AI chip demand will set the tone for semis.

🦜 Duolingo $DUOL ( ▲ 2.66% )reports Q1 before the open: user growth and monetization trends are key.

Key Macro Events Ahead:

🏭 U.S. Factory Orders (March) due Monday at 10 AM ET; economists project a 0.4% rise in non-transportation orders.

🎙️ Fed's John Williams and other officials are scheduled to speak; markets will parse every word for rate clues.

🧠 Michigan Consumer Sentiment (Preliminary) is expected to reflect near-record low confidence, weighed down by fuel prices.

👷 Early U.S. labor data begins filtering in ahead of the main jobs report; forecasts call for nonfarm payrolls of ~73,000 and unemployment steady at 4.3%.

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