Reports
Pre-Market · March 23, 2026
Tap to listen
Market SummaryRead ▾

Markets are opening strong across all major indices—SPY +1.37%, QQQ +1.38%, and leverage plays TQQQ +4.51% and SOXL +5.59%—driven by two major catalysts. Government AI validation (Pentagon's Maven adoption for PLTR, new semiconductor test platforms from TER, optical innovations from GLW) is fueling a technology sector surge, while Trump's de-escalation signals on Iran have crushed oil prices and geopolitical risk premiums simultaneously. This created a dual tailwind: energy stocks (SLB +5.3%, FCX +5.7%) benefited from crude strength, while leisure and materials names (cruise lines up 5.4–6.0%, ALB +6.8% on lithium rebound) rallied on lower fuel costs and reduced macro uncertainty. Selective winners like CVNA (+7.1%, GM validation of e-commerce model) and INSM (+6.1%, Phase 3 trial win) add conviction to individual thesis-driven moves.

Recommendation

Buy into AI and semiconductor names** (PLTR, TER, GLW, SMCI) on institutional adoption momentum—these have structural tailwinds beyond sentiment. **Hold cruise/leisure cyclicals** (NCLH, CCL, RCL) tactically, but take profits into strength as they're now pricing in the Iran relief narrative. **Avoid chasing broad materials rallies**—ALB and FCX are commodity-dependent; wait for crude consolidation before adding. Focus capital on names with confirmed catalysts (earnings beats like JBL, regulatory wins like INSM) rather than geopolitical arbitrage plays that can reverse quickly.

Indices & ETFs
SPY$657.46
▲ 1.37%
7D ▼ 1.7%30D ▼ 4.6%6M ▼ 1.4%
QQQ$590.08
▲ 1.38%
7D ▼ 1.7%30D ▼ 3.1%6M ▼ 2.0%
TQQQ$45.03
▲ 4.51%
7D ▼ 5.1%30D ▼ 10.1%6M ▼ 14.0%
SOXL$54.00
▲ 5.59%
7D ▲ 0.6%30D ▼ 19.5%6M ▲ 56.8%
SPX$6599.86
▲ 1.44%
7D ▼ 1.5%30D ▼ 4.5%6M ▼ 1.4%
Top Movers18 movers
CVNACarvana Co.▲ 7.1%
General Motors is shifting its used-car strategy to compete with Carvana's online model, validating CVNA's e-commerce disruption approach.
Price
$281.28 → $301.30
Mkt Cap
$66.0B
P/E
35.7x
7D
▼ 1.5%
30D
▼ 10.5%
6M
▼ 22.9%
QQnity Electronics, Inc.▲ 7.1%
Qnity's new Newark facility expanding AI semiconductor material production capacity drove investor enthusiasm for its focused, high-growth business model.
Price
$107.59 → $115.21
Mkt Cap
$24.2B
P/E
34.9x
7D
▲ 2.6%
30D
▲ 1.5%
6M
ALBAlbemarle Corporation▲ 6.8%
Albemarle surged 6.8% as lithium prices rebounded, boosting investor confidence in the company's capacity expansion and EV market growth prospects.
Price
$156.70 → $167.34
Mkt Cap
$19.7B
P/E
N/A
7D
▲ 3.0%
30D
▼ 0.6%
6M
▲ 108.2%
SWSmurfit Westrock Plc▲ 6.5%
Smurfit Westrock rose 6.5% likely due to positive sentiment from its strategic Ecuador expansion through the Cartomanabí acquisition, signaling growth momentum.
Price
$36.21 → $38.58
Mkt Cap
$20.2B
P/E
29.0x
7D
▼ 2.1%
30D
▼ 20.8%
6M
▼ 11.3%
PLTRPalantir Technologies Inc.▲ 6.5%
Pentagon adopted Palantir's Maven AI system as official program of record, plus new UK Financial Conduct Authority contract secured.
Price
$150.68 → $160.42
Mkt Cap
$383.8B
P/E
254.7x
7D
▲ 5.0%
30D
▲ 18.6%
6M
▼ 10.5%
INSMInsmed Incorporated▲ 6.1%
Insmed's ARIKAYCE achieved its Phase 3 ENCORE trial primary endpoint, demonstrating efficacy in MAC lung infection treatment and expanding the drug's market opportunity.
Price
$136.00 → $144.30
Mkt Cap
$31.1B
P/E
N/A
7D
▼ 0.2%
30D
▼ 12.5%
6M
▼ 0.5%
NCLHNorwegian Cruise Line Holdings Ltd.▲ 6.0%
NCLH rose as easing U.S.-Iran tensions and falling oil prices boosted leisure travel demand and reduced fuel costs.
Price
$18.95 → $20.08
Mkt Cap
$9.1B
P/E
21.8x
7D
▲ 1.2%
30D
▼ 17.4%
6M
▼ 20.9%
IPInternational Paper Company▲ 6.0%
International Paper surged 6.0% following announcement of a $225 million sustainable packaging plant in Mississippi, signaling strategic capital investment and network modernization.
Price
$33.76 → $35.78
Mkt Cap
$18.9B
P/E
N/A
7D
▼ 4.7%
30D
▼ 23.7%
6M
▼ 22.5%
SMCISuper Micro Computer, Inc.▲ 5.8%
Super Micro rebounded as investors cheered Trump's Iran de-escalation announcement, offsetting recent export-control indictment concerns.
Price
$20.53 → $21.73
Mkt Cap
$13.1B
P/E
15.9x
7D
▼ 31.8%
30D
▼ 33.0%
6M
▼ 53.6%
FCXFreeport-McMoRan Inc.▲ 5.7%
Trump's announcement of productive U.S.-Iran talks and postponed strikes eased geopolitical tensions, boosting gold and copper prices, benefiting mining stocks like FCX.
Price
$52.09 → $55.06
Mkt Cap
$79.2B
P/E
36.2x
7D
▼ 5.0%
30D
▼ 14.4%
6M
▲ 21.9%
CCLCarnival Corporation & plc▲ 5.5%
Carnival surged as oil prices plummeted following Trump's delayed Iranian strikes, reducing fuel costs for cruise operators while sentiment improved ahead of earnings.
Price
$24.12 → $25.45
Mkt Cap
$35.2B
P/E
12.6x
7D
▲ 3.0%
30D
▼ 20.4%
6M
▼ 17.1%
RCLRoyal Caribbean Cruises Ltd.▲ 5.4%
Trump's reported "productive" Iran talks reduced geopolitical tensions, lowering energy costs and boosting travel stock valuations including RCL.
Price
$263.65 → $277.92
Mkt Cap
$75.7B
P/E
17.8x
7D
▼ 1.0%
30D
▼ 11.8%
6M
▼ 15.6%
PPGPPG Industries, Inc.▲ 5.4%
PPG rallied 5.4% likely due to new product launches (Aquacron WSP primer, PhotoniCURE laser curing) demonstrating innovation and operational efficiency gains.
Price
$97.22 → $102.44
Mkt Cap
$22.9B
P/E
14.8x
7D
▼ 1.0%
30D
▼ 19.0%
6M
▼ 6.4%
TERTeradyne, Inc.▲ 5.3%
Teradyne rose 5.3% likely due to new AI-focused test platforms (Photon 100 and Omnyx) addressing growing semiconductor testing demand in data centers.
Price
$290.83 → $306.30
Mkt Cap
$48.0B
P/E
88.6x
7D
▲ 2.7%
30D
▼ 5.7%
6M
▲ 126.6%
SLBSLB N.V.▲ 5.3%
SLB surged 5.3% as crude oil prices jumped to $94.65/barrel, boosting offshore and digital services demand outlook.
Price
$46.63 → $49.09
Mkt Cap
$73.7B
P/E
20.9x
7D
▲ 9.2%
30D
▼ 3.5%
6M
▲ 44.7%
GPCGenuine Parts Company▲ 5.2%
Billionaire Seth Klarman's new stake in GPC combined with the stock's significant recent decline positioning it as an attractive dividend aristocrat bargain.
Price
$96.38 → $101.42
Mkt Cap
$14.1B
P/E
215.7x
7D
▼ 2.5%
30D
▼ 14.1%
6M
▼ 26.5%
GLWCorning Incorporated▲ 5.1%
Corning surged on new AI-focused optical innovations and positive analyst commentary on strengthening market demand for data center connectivity solutions.
Price
$124.58 → $130.91
Mkt Cap
$112.3B
P/E
71.5x
7D
▼ 0.9%
30D
▼ 6.2%
6M
▲ 65.4%
JBLJabil Inc.▲ 5.1%
Jabil jumped 5.1% after reporting strong Q2 fiscal 2026 earnings that beat expectations and raising full-year guidance.
Price
$253.63 → $266.45
Mkt Cap
$28.4B
P/E
41.7x
7D
▲ 3.3%
30D
▼ 1.7%
6M
▲ 14.2%
All Reports
Updated 12:31 PM · Mar 23, 2026