Track the evolution of major financial and economic events
On May 13, Fortinet reported a 32% EPS beat in Q1 FY2026, resulting in a 25% surge in its stock. The company also raised its full-year guidance, supported by its vertically integrated hardware-software model and strong profitability.
On May 9, Block reported strong Q1 results, beating non-GAAP EPS and revenue expectations, with adjusted EBITDA exceeding $1B for the first time. Cash App's primary banking actives grew 18% YoY to 9.7M, with inflows per active rising by 10%. However, the company posted a sharp net income loss tied to layoffs despite the operational beat.
On May 7, IREN signed a 5-year, $3.4 billion AI Cloud contract to deploy NVIDIA Blackwell GPUs within its existing data centers. IREN also granted NVIDIA a 5-year right to purchase up to 30 million shares at an exercise price of $70 per share. The company is targeting $3.7 billion in Annual Recurring Revenue (ARR) by the end of calendar year 2026.
TG Therapeutics stock surged after H.C. Wainwright raised its price target to $70, indicating a potential upside of 76.1%. On the same day, the company reported Q1 2026 revenues of approximately $205 million, driven by BRIUMVI sales. TG Therapeutics also raised its full-year global revenue target to approximately $925 million.
On May 6, Anavex Life Sciences' Board of Directors appointed Terrie Kellmeyer, PhD, as Interim Chief Executive Officer. This appointment follows the resignation of former CEO Christopher Missling on April 30, 2026, after a request for his resignation from the Board.
On May 4, Monolithic Power Systems reported a 26.1% year-over-year revenue increase, reaching $804.2 million. This revenue growth was largely driven by higher sales in enterprise data, particularly for AI and server applications.
On May 4, ATB Capital upgraded Agnico Eagle Mines to 'Outperform' after the company reported an adjusted EPS of $3.41 for Q1 2026, surpassing analyst expectations. The company also renewed its share buyback program for up to $2 billion after generating $732 million in free cash flow. This strong performance reflects Agnico Eagle's ability to deliver positive results amid current market conditions.
Nebius Group experienced an astonishing 802% surge in AI-cloud revenue year-over-year, with annualized recurring revenue hitting $1.25 billion in Q4 2025. The company also acquired Eigen AI for $643 million to enhance its capabilities in this area. Meanwhile, companies like Microsoft and Amazon reported significant growth in their cloud service revenues, reflecting the increasing demand for AI-driven solutions.
Palantir has a bullish outlook as its US Commercial segment achieved a 109% year-over-year revenue growth in FY25. The price target for PLTR is set at $224, indicating a potential upside of 55%. Management is guiding for a 115% year-over-year revenue growth in the US Commercial segment for FY26.
On May 1, Origin Materials' Board of Directors decided to sell its PET cap technology and remaining assets, followed by an orderly wind down of operations. The company is also reducing its workforce to cut costs and support the planned sale of assets.
On May 1, Spirit Airlines' stock dropped below $1 as the carrier faced a potential collapse. Talks with the federal government regarding a $500 million bailout reportedly stalled. On May 4, the airline ceased operations after 34 years, impacting about 17,000 employees. Kevin Hassett, former White House National Economic Council Director, stated that the Iran war could affect airline profits, but attributed Spirit's collapse to a non-viable business model. Following Spirit's shutdown, shares of JetBlue and Frontier rose, raising hopes that these carriers can capture market share.
Occidental Petroleum announced a CEO succession plan for 2026. Vicki Hollub will retire as President and CEO effective June 1, 2026. The Board of Directors has named Richard Jackson, the Chief Operating Officer, as her successor.
Rolls-Royce reported a 14% increase in revenues to £20.1B in its 2025 results. Operating profit surged by 38% to £3.5B, with free cash flow reaching £3.3B. The company also announced an aggressive £7–9B share buyback program through 2028.
Heidi O'Neill, the incoming CEO of Lululemon and a former Nike executive, is set to take over in September. However, investors have expressed dissatisfaction with her appointment even before her official start date. This early pressure reflects concerns about the company's future strategies.
Apple Inc. announced a leadership shake-up with Tim Cook exiting and John Ternus stepping in as CEO. The company faces challenges related to the end of the iPhone replacement cycle, yet iPhone sales reached $56.99 billion, contributing to total quarterly sales of $111 billion. Financial results showed strong optimism with robust revenue and profit growth, leading to a surge in stock prices. Tim Cook warned of intensifying memory constraints and indicated that Apple may consider options like raising prices or signing longer supplier agreements.
On April 28, WEX reported an 18.2% increase in adjusted earnings per share to $4.15 for the first quarter of 2026. Loop Capital initiated coverage on WEX with a Buy rating and a price target of $195.00. Additionally, the company raised its 2026 financial guidance and announced plans for $50 million in cost savings.
Electrolux shares fell by 23% during European morning trading on April 24 following the announcement of a net loss. The company also announced plans for a share issuance worth nearly $1 billion.
On April 24, Elon Musk's SpaceX secured a $20 billion bridge loan to refinance a large portion of its existing debt. This financing replaces five existing debt facilities to provide greater flexibility ahead of a planned US IPO.
Corie Barry has stepped down as CEO of Best Buy after years of sluggish growth. Jason Bonfig, a longtime executive at the electronics retailer, has been named her successor.
Gold Fields announced the success of its Salares Norte project, reaching steady-state operations with a production of 397 Koz in 2025. The company achieved an 18% increase in production for the same year, with an adjusted Free Cash Flow of $2.97 billion. Gold Fields also implemented a dividend policy targeting 35% of Free Cash Flow.
On April 21, Society Pass Incorporated received a formal delinquency notice from Nasdaq regarding listing requirements. The company operates as an e-commerce ecosystem in Southeast Asia and is listed under the ticker SOPA.
Alibaba is facing pressure on profit margins due to rising costs and heavy investments in AI and logistics. Profits and cash flow dropped sharply in Q3 FY26. On April 22, Tencent and Alibaba entered talks to invest in the AI startup DeepSeek, which is seeking funding at a valuation exceeding $20 billion.
CrossCountry Mortgage will acquire Two Harbors Investment Corp for $10.80 per share in an all-cash deal. All preferred shares will be redeemed at $25 plus accrued dividends, with Series C offering a 10% yield to maturity. The deal is expected to close by September 2026 following a failed previous merger attempt with UWMC.
Tesla vehicle registrations in California fell by 24.3% in the first quarter of 2026, marking the company's steepest drop in the state to date. This decline indicates a broader slowdown in the electric vehicle sector, as overall zero-emission vehicle sales in California have significantly shrunk.
