TheStreetPro TSP Site

Upside:

-DY +27% (earnings, guidance; acquires low-voltage engineering and construction firm National Technology Integrators for $275M)

-DTIL +13% (Clinical Data Show PBGENE-HBV Eliminates and Inactivates cccDNA in Liver Biopsies)

-SMTC +13% (earnings, guidance)

-BBWI +11% (earnings, guidance; CFO to resign)

-SPIR +7.1% (signs MoU with Schaeffler to develop space hardware subsystems and satellite platforms)

-CORT +6.0% (plans to resubmit relacorilant NDA for Cushing’s syndrome)

-MANU +4.9% (earnings, guidance)

-ANF +4.5% (earnings, guidance)

-TSM +4.2% (said to increase 3nm chip prices by 15% in H2, 2026)

-MGM +3.7% (JPMorgan Chase and Co Raised MGM to Overweight from Neutral, price target: $46)

-AXTA +3.3% (Akzo Nobel confirms on May 1st rejected conditional cash offer at €73.00/shr from Nippon Paint and Sherwin-Williams)

-APP +3.1% (constructive comments from Morgan Stanley)

-LULU +3.0% (confirms Chip Wilson (Founder) cooperation agreement for ~18 months)

-FLY +2.6% (confirms wins $75M NASA JPL MoonFall Subcontract to Deliver Drones to the Moon’s South Pole; files to sell total of 12M shares of common stock – Firefly offers 4M shares with 8M shares offered by Selling Stockholders)

-BNTX +2.5% (UBS Raised BNTX to Buy from Neutral, price target: $135 from $117)

-HIMS +2.0% (Board member purchases $1.2M of stock)

Downside:

-VRRM -55% (receives Termination of Agreement Notice From Avis Budget Group; Cuts FY guidance)

-ZS -25% (earnings, guidance)

-APGE -11% (discloses data from APEX Phase 2 Part B trial; enters up to $1.3B financing collaboration with Blackstone Life Sciences for zumilokibart)

-GRRR -5.2% (earnings, guidance)

-KMT -5.1% (Barclays Cuts KMT to Underweight from Equal Weight, price target: $33 from $40)

-CPRI -3.8% (earnings, guidance)

-PODD -3.8% (issues voluntary recall for Omnipod Pods that could result in insulin under-delivery)

-DKS -2.6% (earnings, guidance)

Positions: None.

Over the last several trading days the market has behaved more like a casino than a church – with memory  and semis serving as the house.

Caveat emptor.

I will be expanding my short exposure on the Iranian news.

Positions: None  

Treasury Auctions

11:30 a.m.: Treasury hosts a $69B 17-Week Bill Auction; 

11:30 a.m.: Treasury hosts a $28B 2-Year FRN (r) Auction; 

1:00 p.m.: Treasury hosts a $70B 5-Year Note Auction

Fed Speakers: 

4:00 a.m.: Fed Bank of Dallas President Logan (Voter) participates in “Policy Panel Discussion 1: Monetary Policy and Imbalances” before the 2026 Monetary Policy from New Perspectives Conference hosted by the Bank of Japan Institute for Monetary and Economic Studies, Tokyo (Embargoed text available);

3:55 p.m.: Fed Board Governor Cook (Voter) speaks on “AI, the Economy, and the Financial System” before the Stanford Institute for Economic Policy Research (SIEPR) Policy Forum, Stanford, CA (Text available. Q&A from moderator. Livestream at stanford.zoom.us);

8:00 p.m.: Fed Vice Chair Philip Jefferson (Voter) participates in “Fireside Chat: Monetary Policy and Supply Shocks” before the 2026 Monetary Policy from New Perspectives Conference hosted by the Bank of Japan Institute for Monetary and Economic Studies, Tokyo (Text available. Q&A from moderator. No webcast); 

9:10 p.m.: Fed Bank of Chicago President Goolsbee (Non-Voter) Television Appearance – CNBC Squawk Box Asia (Interview to air across Asian markets. Interview excerpts will publish to CNBC Asia website after the interview); 

10:25 p.m.: Fed Bank of Chicago President Goolsbee (Non-Voter) participates in a panel discussion titled “Monetary Policy in a Changing World Economy” at the Bank of Japan Institute for Monetary and Economics Studies Conference, Tokyo (No Live Stream, Embargoed Text) 

Economic Calendar

Positions: None.

Positions: none.

Positions: None.

My pals Shadd Dales and Anthony Varrell had an informative Trade to Black interview after the close yesterday.

Run, don’t walk to watch the Chairman of ($CURLF) discuss uplisting and reverse splits:

TDR on X: “Curaleaf Thickens The Plot While SAM Keeps Losing https://t.co/NSJkqswKnt” / X

Positions: None.