May 28, 2026 · Market Brief

Pre-Market · May 28, 2026

Tap to listen

Market SummaryRead ▾

Broad-based strength across indices overnight, with QQQ +0.85%, TQQQ +2.53%, and semiconductor leverage SOXL +3.45%, signals robust risk appetite. ARM (+11.0%) led on Nvidia Vera CPU optimism boosting royalty growth, while enterprise software plays NOW (+7.8%), WDAY (+5.3%), and ORCL (+7.2%) surged on AI cloud integration catalysts. Retail earnings dominated movers: DLTR beat EPS by 12% and raised guidance (+17.9%), BBY posted same-store sales growth (+17.3%), and DG followed on sympathy (+6.3%). The sole outliers—SNPS (-9.8%) despite earnings beat and TSN (-5.4%) on beef losses—highlight selective profit-taking in chip IP and weakness in commodity-exposed industrials.

Recommendation

Buy near-the-money positions in ARM, SMCI, and NOW given sustained AI infrastructure momentum and multiple tailwinds; avoid SNPS despite fundamentals until chip IP weakness clarifies. Retail sector shows strong earnings resilience—DLTR and BBY remain attractive on forward guidance, but valuations after 17%+ moves warrant limit orders rather than market buys. Monitor NSC merger uncertainty closely; UP-NS deal pause creates tactical short-term headwinds, but long-term infrastructure demand remains supportive.

Indices & ETFs

SPY$754.76

▲ 0.57%

7D ▲ 1.6%30D ▲ 6.1%6M ▲ 11.0%

QQQ$735.66

▲ 0.85%

7D ▲ 3.0%30D ▲ 11.9%6M ▲ 19.8%

TQQQ$83.74

▲ 2.53%

7D ▲ 8.8%30D ▲ 37.9%6M ▲ 56.9%

SOXL$225.49

▲ 3.45%

7D ▲ 26.4%30D ▲ 105.8%6M ▲ 475.4%

SPX$7564.75

▲ 0.59%

7D ▲ 1.6%30D ▲ 6.0%6M ▲ 11.0%

Top Movers25 movers

AAgilent Technologies, Inc.▲ 18.6%

BofA's "Buy" upgrade combined with Agilent's strong Q2 earnings beat and raised guidance drove the 18.6% surge.

Price

$115.84 → $137.35

Mkt Cap

$38.9B

P/E

30.4x

▲ 19.7%

30D

▲ 19.6%

▼ 11.0%

DLTRDollar Tree, Inc.▲ 17.9%

Dollar Tree surged 17.9% after reporting Q1 earnings of $1.74 EPS, beating expectations of $1.55, and raising full-year profit guidance.

Price

$95.87 → $113.00

Mkt Cap

$22.0B

P/E

19.0x

▲ 18.1%

30D

▲ 15.0%

▲ 3.0%

BBYBest Buy Co., Inc.▲ 17.3%

Best Buy beat Q1 earnings expectations with higher margins and same-store sales growth, while maintaining full-year guidance.

Price

$64.54 → $75.73

Mkt Cap

$16.0B

P/E

15.0x

▲ 23.8%

30D

▲ 28.1%

▼ 6.5%

FSLRFirst Solar, Inc.▲ 12.3%

First Solar surged 12.3% as AI data center construction drives unprecedented renewable energy demand, boosting solar growth outlook.

Price

$273.67 → $307.31

Mkt Cap

$33.0B

P/E

19.8x

▲ 23.5%

30D

▲ 56.9%

▲ 12.9%

ARMArm Holdings plc▲ 11.0%

Arm surged on optimism that Nvidia's Vera CPU will significantly accelerate Arm's royalty growth in AI infrastructure.

Price

$302.71 → $336.02

Mkt Cap

$357.5B

P/E

395.3x

▲ 12.7%

30D

▲ 69.2%

▲ 153.4%

HOODRobinhood Markets, Inc.▲ 10.2%

Robinhood's stock surged on approval to offer AI-powered trading agents and credit card purchases, positioning the company for new revenue streams.

Price

$76.23 → $83.99

Mkt Cap

$75.6B

P/E

40.8x

▲ 10.6%

30D

▲ 2.3%

▼ 34.5%

SNPSSynopsys, Inc.▼ 9.8%

Synopsys beat earnings and raised guidance, but weakness in chip IP business and cautious guidance outlook spooked investors despite strong AI exposure.

Price

$525.92 → $474.46

Mkt Cap

$90.9B

P/E

108.5x

▼ 5.9%

30D

▼ 1.9%

▲ 15.8%

SMCISuper Micro Computer, Inc.▲ 9.4%

Super Micro rallied 9.4% on positive regulatory news and collaboration with Taiwanese authorities preventing illegal server smuggling to China.

Price

$38.19 → $41.78

Mkt Cap

$25.1B

P/E

22.0x

▲ 24.9%

30D

▲ 53.3%

▲ 27.3%

PLTRPalantir Technologies Inc.▲ 7.8%

Palantir likely gained on national security concerns driving demand for its data intelligence platform amid rising skilled worker shortages and AI competition.

Price

$132.51 → $142.88

Mkt Cap

$342.5B

P/E

160.5x

▲ 4.0%

30D

▲ 1.2%

▼ 13.8%

NOWServiceNow, Inc.▲ 7.8%

ServiceNow's 7.8% gain likely reflects investor confidence in its AI governance and enterprise integration positioning amid competitive pressure on rivals like Salesforce.

Price

$102.12 → $110.09

Mkt Cap

$113.5B

P/E

65.5x

▲ 10.4%

30D

▲ 21.7%

▼ 31.4%

SHOPShopify Inc.▲ 7.7%

Shopify's 80% YoY B2B GMV growth and expanded B2B tools availability across standard plans signal strong enterprise monetization potential.

Price

$106.60 → $114.82

Mkt Cap

$148.9B

P/E

112.5x

▲ 9.5%

30D

▼ 5.9%

▼ 27.9%

ORCLOracle Corporation▲ 7.2%

Oracle's 7.2% gain likely reflects investor recognition of its substantial AI cloud backlog and attractive valuation positioning it as a balanced enterprise AI infrastructure play.

Price

$190.96 → $204.67

Mkt Cap

$589.1B

P/E

36.7x

▲ 7.9%

30D

▲ 23.3%

▼ 0.1%

TKOTKO Group Holdings, Inc.▲ 6.9%

TKO expanded its live events footprint with multi-year partnerships in Arizona and Abu Dhabi, while a director's insider purchase signals confidence in growth prospects.

Price

$187.64 → $200.65

Mkt Cap

$15.0B

P/E

74.8x

▲ 4.7%

30D

▲ 8.7%

▲ 3.8%

TMOThermo Fisher Scientific Inc.▲ 6.8%

Thermo Fisher gained 6.8% following its Investor Day announcement of a 7% annual growth target and global lab expansion strategy.

Price

$456.21 → $487.33

Mkt Cap

$181.1B

P/E

26.8x

▲ 8.4%

30D

▲ 3.6%

▼ 17.9%

SATSEchoStar Corporation▲ 6.8%

TD Cowen analyst raised SATS price target to $155 from $129, and space sector momentum from SpaceX IPO excitement boosted the stock.

Price

$122.46 → $130.74

Mkt Cap

$37.9B

P/E

N/A

▲ 1.8%

30D

▲ 5.7%

▲ 84.5%

ALGNAlign Technology, Inc.▲ 6.6%

Align surged on record aligner shipments, bullish analyst reaffirmation at $210 target, and new $200M India manufacturing facility announcement.

Price

$162.88 → $173.67

Mkt Cap

$12.4B

P/E

29.2x

▲ 6.5%

30D

▼ 2.0%

▲ 18.0%

APPAppLovin Corporation▲ 6.4%

Deutsche Bank raised its price target on AppLovin to $660, citing strong five-year EPS growth forecasts of 41.31%.

Price

$567.83 → $604.23

Mkt Cap

$203.0B

P/E

52.4x

▲ 24.4%

30D

▲ 34.6%

▲ 3.0%

DGDollar General Corporation▲ 6.3%

Dollar General rallied 6.3% on sympathy buying following Dollar Tree's 17% surge after beating Q1 earnings and raising guidance.

Price

$104.33 → $110.88

Mkt Cap

$24.4B

P/E

16.2x

▲ 5.5%

30D

▼ 4.3%

▲ 1.9%

WATWaters Corporation▲ 6.1%

Waters surged 6.1% likely due to strong Q1 earnings beat and positive merger completion with BD's operations, boosting growth prospects.

Price

$342.18 → $363.22

Mkt Cap

$35.7B

P/E

46.1x

▲ 6.5%

30D

▲ 20.8%

▼ 10.8%

DELLDell Technologies Inc.▲ 5.7%

Dell gained 5.7% following a $9.7 billion Department of Defense enterprise software contract award, demonstrating strong government demand.

Price

$305.32 → $322.77

Mkt Cap

$209.4B

P/E

37.2x

▲ 27.7%

30D

▲ 56.7%

▲ 142.2%

TSNTyson Foods, Inc.▼ 5.4%

Tyson's stock fell 5.4% as its beef business posted an operating loss while rival Hormel beat earnings on strong turkey demand.

Price

$66.02 → $62.48

Mkt Cap

$22.0B

P/E

49.1x

▼ 6.0%

30D

▼ 2.5%

▲ 7.9%

WDAYWorkday, Inc.▲ 5.3%

Workday's expansion of Google Cloud AI integration into HR and finance workflows, plus new Adaptive Decision Intelligence tools, addressed investor concerns about limited near-term catalysts.

Price

$124.50 → $131.15

Mkt Cap

$32.4B

P/E

40.9x

▲ 7.6%

30D

▲ 8.2%

▼ 39.1%

NSCNorfolk Southern Corporation▼ 5.3%

Federal regulators paused the UP-NS merger review, requiring additional data before proceeding, creating uncertainty about the $85 billion deal's timeline.

Price

$325.68 → $308.54

Mkt Cap

$69.3B

P/E

26.0x

▼ 0.9%

30D

▼ 2.6%

▲ 6.4%

APHAmphenol Corporation▲ 5.1%

Amphenol benefits from broad AI infrastructure tailwinds and connectivity demand, as peers like Marvell and Synopsys report strong data center growth.

Price

$140.24 → $147.40

Mkt Cap

$181.3B

P/E

42.3x

▲ 18.1%

30D

▲ 2.6%

▲ 6.3%

RVTYRevvity, Inc.▲ 5.0%

Revvity rallied 5% following stronger-than-expected Q1 organic growth and margins, plus FDA clearance for its testosterone assay.

Price

$96.79 → $101.65

Mkt Cap

$11.3B

P/E

48.8x

▲ 6.6%

30D

▲ 19.3%

▼ 2.9%

All Reports

Updated 12:31 PM · May 28, 2026