The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.67%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.61%. June E-mini S&P futures (ESM26) fell -0.70%, and June E-mini Nasdaq futures (NQM26) fell -0.63%. Stock indexes finished lower on Tuesday, with the S&P 500 and Nasdaq 100 falling to 1.5-week lows, and the Dow Jone...
The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.67%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.61%. June E-mini S&P futures (ESM26) fell -0.70%, and June E-mini Nasdaq futures (NQM26) fell -0.63%. Stock indexes finished lower on Tuesday, with the S&P 500 and Nasdaq 100 falling to 1.5-week lows, and the Dow Jones Industrial Average to a 2-week low. The recent rally in technology stocks, fueled by the buildout of artificial intelligence, is faltering after powering the S&P 500 and Nasdaq 100 to record highs last week. Rising bond yields on Tuesday sparked risk-off sentiment in asset markets, prompting a wave of stock liquidation. The 10-year T-note yield climbed to a 16-month high of 4.69% on Tuesday. Join 200K+ Subscribers: Tuesday’s US economic news was supportive for stocks after Apr pending home sales rose by +1.4% m/m, beating expectations of +1.0% m/m. Also, Mar pending home sales were revised upward to +1.7% m/m from the previously reported +1.5% m/m. WTI crude oil prices (CLM26) remain extremely volatile and are susceptible to headlines from the Iran war. Prices fell nearly -1% on Tuesday after President Trump said that Iran is "being reasonable" and that he will "maybe" give them until early next week to make a peace deal. Late Monday, President Trump said he called off a strike on Iran scheduled for Tuesday after Gulf allies asked for more time to give diplomacy a chance. Last Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June. The markets are discounting a 6% chance of a -25 bp FO...
The government is not the only ones profiting from the higher share price. • Intel stock is trading near recent highs. Where are INTC shares going? Congressmen Cash Out Intel Stock Two members of Congress recently sold their Intel stock, according to data from Benzinga Government Trades. Rep. Dwight Evans (D-Penn.) sold $1,000 to $15,000 in Intel stock on May 7, 2026. (D-Penn.) sold $1,000 to $15,...
The government is not the only ones profiting from the higher share price. • Intel stock is trading near recent highs. Where are INTC shares going? Congressmen Cash Out Intel Stock Two members of Congress recently sold their Intel stock, according to data from Benzinga Government Trades. Rep. Dwight Evans (D-Penn.) sold $1,000 to $15,000 in Intel stock on May 7, 2026. (D-Penn.) sold $1,000 to $15,000 in Intel stock on May 7, 2026. Rep. Cliff Bentz (R-Ore.) sold $1,000 to $15,000 in Intel stock on April 9, 2026. While both members made money on their trades (which were partial sales), Evans timed things better, waiting until after quarterly financials had been reported. Intel stock traded at a high of $114.51 on May 7 and a high of $62.08 on April 9, a significant difference in less than a month's time. Evans bought Intel stock back on April 3, 2025. At that time, Intel stock traded at a high of $23.90. Based on a $15,000 full purchase order, Evans could have bought 627.6 INTC shares at the time. Based on the sale date and the highest price for the stock that day, Evans made a profit of $56,872.20, with shares up 379.1%. This profit is based on the full $15,000 being bought and the highest price for Intel stock on both the day of purchase and the day of sale. Tracking the return for Bentz is a little bit harder. The congressman, who noted the stock belonged to his spouse, sold the stock on April 9, 2026. The purchase date is unclear, with no other Intel stock trades disclosed during his time in office. Bentz disclosed owning Intel stock in the years of 2022, 2023 and 2024, according to annual filings data from Quiver Quantitative. While it's unknown exactly what Bentz’s starting price was for Intel, the stock closed 2022 at $26.46. Shares were up 134.6% from that date to the sale date for the congressman. Intel stock hit all-time highs in recent months, making it highly likely that the congressman realized a profit on his initial purchase. U.S. Government Stake The U...
For Arsenal fans, it has been a very, very long wait to celebrate winning the Premier League again. So they made sure Tuesday was a special night. Supporters had gathered outside Emirates Stadium and nearby pubs while rivals Manchester City played Bournemouth, needing a win to keep the title race alive. In the end, Pep Guardiola's side could only draw - confirming Arsenal as champions for the firs...
For Arsenal fans, it has been a very, very long wait to celebrate winning the Premier League again. So they made sure Tuesday was a special night. Supporters had gathered outside Emirates Stadium and nearby pubs while rivals Manchester City played Bournemouth, needing a win to keep the title race alive. In the end, Pep Guardiola's side could only draw - confirming Arsenal as champions for the first time in 22 years. As the full-time whistle went on the south coast, there was an explosion of cheer in pubs across north London as Arsenal fans celebrated a moment they felt, after recent title near misses, might never come. There were celebrations also at the Gunners' training ground. That is where the Arsenal squad had gathered for the evening and, much as in the pubs, the final whistle was greeted by huge celebrations. layers and staff danced and hugged while chanting: "Campeones, Campeones, Ole Ole Ole!" Last month, Arsenal captain Declan Rice was seen insisting "it's not done" after the Gunners lost to Manchester City. But on Tuesday, with the title race decided, he posted a picture on social media of players celebrating, captioned: "It's done." The title win came in Mikel Arteta's seventh year in charge, and underlined just what can be achieved if a manager is given time. "Mikel Arteta's been there a long period of time. The best gift you can give a good manager is time," former Premier League goalkeeper Paul Robinson told BBC Radio 5 Live. "Yes you can give them hundreds of millions of pounds but you have to mould that money into a team, into a dressing room, a winning side. "You give a good manager time? There's the proof."
Welcome to a "profound moment for humanity," according to Google DeepMind CEO Demis Hassabis, who closed out Google I/O's keynote presentation on Tuesday, saying: Google's cutting-edge research and products will help unlock AGI's incredible potential for the benefit of the entire world. When we look back at this time, I think we will realize that we were standing in the foothills of the singularit...
Welcome to a "profound moment for humanity," according to Google DeepMind CEO Demis Hassabis, who closed out Google I/O's keynote presentation on Tuesday, saying: Google's cutting-edge research and products will help unlock AGI's incredible potential for the benefit of the entire world. When we look back at this time, I think we will realize that we were standing in the foothills of the singularity. It will be a profound moment for humanity. This technology will be a force multiplier for human ingenuity and usher in a new golden age of scientific discovery and progress, improving the lives of everyone, everywhere. We look forward to bu … Read the full story at The Verge.
Keysight Technologies (NYSE:KEYS) reported what executives described as the best quarter in the company’s history, with fiscal second-quarter orders surpassing $2 billion and revenue rising sharply across its communications and electronic industrial businesses. President and CEO Satish Dhanasekaran said the company delivered a “record first half,” citing strong demand tied to AI data centers, defe...
Keysight Technologies (NYSE:KEYS) reported what executives described as the best quarter in the company’s history, with fiscal second-quarter orders surpassing $2 billion and revenue rising sharply across its communications and electronic industrial businesses. President and CEO Satish Dhanasekaran said the company delivered a “record first half,” citing strong demand tied to AI data centers, defense modernization, semiconductor investments and broader electronics markets. For the fiscal second quarter of 2026, Keysight said orders rose 56% year over year to $2.051 billion, while revenue increased 31% to $1.717 billion. Earnings per share rose 69% to $2.87, and free cash flow reached a record $472 million. Dhanasekaran said Keysight is raising its fiscal 2026 growth expectations and now expects revenue growth “in the high 20s%” for the year, supported by first-half results and the company’s second-half opportunity pipeline. AI data center demand drives communications growth Keysight’s Communication Solutions Group posted revenue of $1.231 billion, up 35% on a reported basis and 27% on a core basis, according to Executive Vice President and CFO Neil Dougherty. The segment’s commercial communications business generated revenue of $858 million, up 40%, while aerospace, defense and government revenue rose 24% to $373 million. Dhanasekaran said commercial communications benefited from accelerating momentum in the company’s wireline business, driven by AI data center expansions. Wireline delivered record orders in the quarter, with demand for both research and development and manufacturing solutions. He said Keysight’s AI-related business in the first half of fiscal 2026 had already surpassed the level achieved in all of fiscal 2025. On the call, Dhanasekaran said Keysight’s AI business finished the first half “in the $500 million-$600 million range” and is “largely in the wireline segment.” He highlighted four areas of opportunity: AI infrastructure scaling, speed transi...
Red Robin Gourmet Burgers (NASDAQ:RRGB) reported continued operating improvement in its fiscal first quarter of 2026, with management pointing to better traffic trends, higher restaurant-level margins and early traction from its value-focused menu strategy. President and Chief Executive Officer David Pace said the quarter reflected progress under the company’s “First Choice” plan, noting that Red ...
Red Robin Gourmet Burgers (NASDAQ:RRGB) reported continued operating improvement in its fiscal first quarter of 2026, with management pointing to better traffic trends, higher restaurant-level margins and early traction from its value-focused menu strategy. President and Chief Executive Officer David Pace said the quarter reflected progress under the company’s “First Choice” plan, noting that Red Robin delivered its strongest traffic performance since the first quarter of 2023 and its highest first-quarter restaurant operating profit margin since 2021. Same-store sales declined 0.6% in the quarter, driven by a 1.6% decrease in traffic partially offset by a 1.0% increase in average check. Pace said the traffic decline improved sequentially from the fourth quarter and narrowed the company’s traffic gap versus the industry, as measured by Black Box Intelligence. “These results reinforce that the actions we’re taking to strengthen guest engagement are gaining traction,” Pace said. Value platform helps support traffic trends Pace highlighted the company’s Big YUMMM value platform as a key contributor to guest engagement. The platform includes six meal options priced from $9.99 to $16.99, with offerings extending beyond burgers to items such as hand-breaded chicken sandwiches, Donatos pizza and Whiskey River barbecue chicken wraps. Each meal includes Red Robin’s bottomless sides and beverages. Management said the Big YUMMM offerings are mixing at more than 13% of sales, within the company’s expectations. During the question-and-answer portion of the call, Chris Meyer, interim chief financial officer, said the mix had been “hovering in that 13%-14% range” since the expanded platform launched on the core menu in late January. Pace said Red Robin is pursuing a “barbell” menu strategy that combines value offerings with higher-priced, more indulgent products. He said the company’s recent Towering Sliders launch generated record-setting menu satisfaction scores and contributed ...
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a draw of 9.1M barrels of oil in U.S. commercial stockpiles for the week ending May 15, after declining by 2.2M barrels in the previous week. G asoline inventories reportedly show a draw of 5.8M b arrels for the week, distillate inventories reportedly show a draw of 1M barrels, and Cushing inventories show a draw of 1....
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a draw of 9.1M barrels of oil in U.S. commercial stockpiles for the week ending May 15, after declining by 2.2M barrels in the previous week. G asoline inventories reportedly show a draw of 5.8M b arrels for the week, distillate inventories reportedly show a draw of 1M barrels, and Cushing inventories show a draw of 1.4M barrels. WTI front-month June crude oil ( CL1:COM ) settled Tuesday at $107.77/bbl. ETF: ( USO ) More on crude oil Commodities: Supply Worries Remain As US Extends Russian Oil Waiver Trump Cancels Planned Attacks On Iran, Stocks Rally - Market Reactions Index Hedging Jumps, But Stock Optimism Persists
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis An investment case for Advanced Micro Devices, Inc. ( AMD ) stock illustrates a classic case where high expectations outweigh operational reality. It is now rightfully gaining a new status as a key competitor to Nvidia ( NVDA ). What's more, much of the company's revenue is already focused on data centers, giving it an important role in...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis An investment case for Advanced Micro Devices, Inc. ( AMD ) stock illustrates a classic case where high expectations outweigh operational reality. It is now rightfully gaining a new status as a key competitor to Nvidia ( NVDA ). What's more, much of the company's revenue is already focused on data centers, giving it an important role in the AI supercycle. However, the current value of AMD includes a generous advance paid by market participants, according to an analysis of forward multiples. When compared to competitors, average values for certain metrics show a premium of 57%. Investing in AMD means investors are betting on a high-beta stock, accompanied by higher potential for operational scaling. I believe, though, the main risk of overvaluation cannot be ruled out, given that the operating margin is less than 15%. In contrast, NVDA, which is in the same industry, is at 65%. In light of this, AMD has virtually no margin of safety ahead of a potential bear market cycle, leaving the stock vulnerable to a sharp correction due to unwarranted expectations. This article aims to answer the question: Should you buy AMD stock? Also, should the market enter a bearish correction, can the company's growth drivers outweigh any external negative factors? AMD’s Growth Drivers Semiconductor market continues to experience a "golden shortage," allowing AMD’s product portfolio to drive aggressive revenue growth. Continued AI supercycle remains the key driver, which is expected to exceed 2.1% of U.S. GDP. When compared to a number of historical booms, the current boom is one of the most significant investment booms of the past 200 years. With the need to scale computing infrastructure to support hyperscalers, AMD is one of the few alternatives alongside Nvidia, Intel ( INTC ), Marvell ( MRVL ), and Broadcom ( AVGO ). Drivers of growth include the development of the entire digital ecosystem, to which not only corporations b...
A 56-year-old woman fell into an open maintenance hole on a busy New York street and died, police and utility officials said as they investigated how it could have happened. The woman parked her Mercedes-Benz SUV right next to the maintenance hole on Monday night near the corner of Fifth Avenue and East 52nd Street in Midtown Manhattan and fell in after exiting the vehicle shortly before 11.30pm, ...
A 56-year-old woman fell into an open maintenance hole on a busy New York street and died, police and utility officials said as they investigated how it could have happened. The woman parked her Mercedes-Benz SUV right next to the maintenance hole on Monday night near the corner of Fifth Avenue and East 52nd Street in Midtown Manhattan and fell in after exiting the vehicle shortly before 11.30pm, police said. She was pronounced dead at a local hospital after firefighters pulled her out. Advertisement The utility company Con Edison said surveillance camera footage appeared to show that the hole cover was dislodged by a multi-axle truck that drove over it about 12 minutes before the woman fell in. “We are reviewing the details, and while this is a rare occurrence, manhole covers can get displaced by heavy vehicles. Our thoughts remain with her family, and safety remains our top priority,” a company spokesman said in a statement. The accident happened in an upscale shopping area that includes a Cartier store and is about four blocks from Trump Tower.
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Amazon.com (NasdaqGS:AMZN) is facing a class-action lawsuit over how it handled tariff-related price increases on imported goods. The case follows a U.S. Supreme Court ruling that certain Trump-era tariffs were unlawful. Plaintiffs allege Amazon raised prices, did not seek available t...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Amazon.com (NasdaqGS:AMZN) is facing a class-action lawsuit over how it handled tariff-related price increases on imported goods. The case follows a U.S. Supreme Court ruling that certain Trump-era tariffs were unlawful. Plaintiffs allege Amazon raised prices, did not seek available tariff refunds from the government, and is withholding potential customer restitution that could reach into the hundreds of millions of dollars. For investors tracking Amazon.com at a current share price of $259.34, this lawsuit adds a fresh legal and reputational angle to the story. The stock is up 14.5% year to date and 27.1% over the past year, while the return over the past 5 years stands at 59.2%. Those figures provide useful context as you weigh how this dispute might influence sentiment around NasdaqGS:AMZN. The case targets Amazon's pricing and transparency practices, which are areas many long term holders watch closely. As the lawsuit progresses, the scale of any potential customer refunds and any changes to pricing policies could become an important factor for how you think about the company’s risk profile and its relationship with shoppers and regulators. Stay updated on the most important news stories for Amazon.com by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Amazon.com. NasdaqGS:AMZN 1-Year Stock Price Chart Is Amazon.com's balance sheet strong enough for future acquisitions? Dive into our detailed financial health analysis. Quick Assessment ✅ Price vs Analyst Target : At US$259.34, the stock trades about 17% below the US$312.65 analyst price target. ✅ Simply Wall St Valuation : Simply Wall St models the shares at about 35% below estimated fair value. ✅ Recent Momentum: The stock is up 3.5% over the last 30 days. There is only one way to know the right time to buy, sell or hold Amazon.com. Hea...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Blackstone and Alphabet's Google have agreed to form a joint venture to build and operate AI data centers in the United States. The new platform will offer access to Google Tensor Processing Units as compute as a service for enterprise customers. Blackstone plans to invest $5b in equi...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Blackstone and Alphabet's Google have agreed to form a joint venture to build and operate AI data centers in the United States. The new platform will offer access to Google Tensor Processing Units as compute as a service for enterprise customers. Blackstone plans to invest $5b in equity, while Google will provide AI chips, software, and data center technology. The venture targets 500 megawatts of capacity by 2027, with potential expansion as demand for AI infrastructure changes. Alphabet (NasdaqGS:GOOGL) is entering this AI data center venture while its stock trades at $387.66. Over the past year, the share price is up 137.2%, and over 3 years it is up 218.9%, with a 23.0% return year to date. Those numbers show how closely investors are watching Alphabet’s AI initiatives and the ways it seeks to use its proprietary chips. For readers tracking Alphabet, this venture adds another data point to the broader AI story around the company’s custom hardware and cloud footprint. How effectively the partnership attracts enterprise AI workloads and differentiates Google TPUs from alternative compute options will be key themes to monitor over the coming years. Stay updated on the most important news stories for Alphabet by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Alphabet. NasdaqGS:GOOGL Earnings & Revenue Growth as at May 2026 2 things going right for Alphabet that this headline doesn't cover. Quick Assessment ⚖️ Price vs Analyst Target : At US$387.66, Alphabet trades about 9% below the US$427.89 analyst target, which sits within a typical range of fair value views. ❌ Simply Wall St Valuation : Shares are described as trading 16.5% above estimated fair value, which suggests an overvalued status on this model. ✅ Recent Momentum: The stock is up 13.5% over 30 days, indicating strong short term buy...
Earnings Call Insights: IRIDEX Corporation (IRIX) Q1 2026 Management View CEO Patrick Mercer said the company stayed focused on profitability and cash generation, stating, "we remain on track to be cash flow positive in 2026," while noting headwinds that included "the Iran conflict, temporary supply chain constraints and extended time lines associated with certain regulatory approvals." Mercer hig...
Earnings Call Insights: IRIDEX Corporation (IRIX) Q1 2026 Management View CEO Patrick Mercer said the company stayed focused on profitability and cash generation, stating, "we remain on track to be cash flow positive in 2026," while noting headwinds that included "the Iran conflict, temporary supply chain constraints and extended time lines associated with certain regulatory approvals." Mercer highlighted product mix and international disruptions, saying, "Our highest margin business, G6 probes was a clear bright spot during the quarter," while adding that revenue and earnings "would have been higher had we been able to fulfill certain orders that were backlog at the end of the quarter," particularly in Asia and the Middle East. Mercer pointed to structural cost actions and manufacturing changes, saying the company "again reduced our operating expense compared to the prior year period" and that the headquarters relocation later in 2026 "is expected to reduce our fixed cost base by approximately $600,000 on an annualized basis." He also said transfers to third-party contract manufacturers began in Q1, with "Full implementation...expected to be completed in 2027" and intended to "drive gross margin improvement." CFO Romeo Dizon summarized the quarter’s revenue drivers and product mix, stating, "The decrease in revenue was primarily driven by a decrease in retina system sales, partially offset by an increase in glaucoma probe sales of service and other revenues." Outlook Management reaffirmed full-year guidance, with CEO Mercer stating, "For the full year 2026 we are reaffirming our revenue guidance of $51 million to $53 million," and clarifying that it "excludes revenue from the Middle East region" and represents "approximately 1% to 5% pro forma growth versus 2025." CFO Dizon reiterated cost and cash expectations, saying, "We are also reiterating our expectation for adjusted operating expenses...to be in the range of $19 million to $19.5 million for the full year 202...