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What We're Watching Today

Econ Calendar Fri 5/15/26Empire State Manufacturing Index 8:30 AM ETIndustrial Production 9:15 AM ETBaker Hughes Rig Count 1:00 PM ET
Nasdaq, S&P 500 futures tumble as yields jump on inflation worries - Reuters
Hormuz Gloom Weighs on Stocks - WSJ
Global Bond Selloff Worsens as Rising Oil Prices Spook Investors - BBG
Trump and Xi Want to Stabilize U.S.-China Ties. Now Comes the Hard Part. - WSJ
Trump leaves Beijing with few wins but warm words for Xi - Reuters
Xi Hails ‘Landmark’ Trump Summit, Says Many Outcomes Achieved - BBG
Beijing’s ‘Industrial Policy of Everything’ Leaves Rest of the World in the Dust - WSJ
US Expects China to Commit Billions for American Farm Goods, Greer Says - BBG
Beijing trip unlikely to ease Trump’s problems at home
Trump Projects Confidence on Iran War While China Stays Cautious - BBG
Trump says he and China's Xi agree Iran cannot have nuclear weapons
Iran has 'no trust' in the US, will negotiate only if it is serious, Araqchi says
BRICS talks end without joint statement, exposing divisions over war in Iran - Reuters
UAE Tried in Vain to Get Saudis to Coordinate on Iran Response - BBG
Trump Says He Wants Iran’s Uranium Mostly for ‘Public Relations’ - BBG
UAE to accelerate oil pipeline project to help bypass Hormuz - Reuters
US plans to indict Cuba's Raul Castro, US DOJ official says - Reuters
CIA Director Meets With Cuban Officials in Havana - WSJ
Cuba mulls US offer of $100 million in aid but wary of Trump's motives, blockade - Reuters
Republicans Fumble on Affordability as Voters’ Worries Mount - BBG
Fed Governor Miran submits resignation, throws support behind Warsh as new chair - CNBC
As Powell term ends, his legacy may be as much about courting Congress as monetary policy - Reuters
US debt load could undercut Warsh's plan to shrink Fed balance sheet - Reuters
Dems demand Lutnick resign over Epstein interview: ‘You lied’ - CNBC
US Border Patrol chief quits, adding to turnover among immigration officials - Reuters
Zelenskiy rages at Russia after strike on Kyiv housing block kills 24 - Reuters
Putin says measures taken to boost Russian economy are working - Reuters
US Needs NATO to Counter Russian Nukes, Finland’s Stubb Says - BBG
Investors take fright as left-leaning candidate secures path to UK parliament - Reuters
UK 30-year gilt yield hits highest since 1998 on political and inflation fears - Reuters
German economy to take hit from Iran war during Q2, ministry says
Trump to Decide Soon on Taiwan Weapons Sale, Noncommittal to Xi - BBG
India's trade gap widens as crude imports surge due to Mideast war - Reuters
Trump Says He Didn’t Discuss Extending Tariff Truce With Xi - BBG
Oil prices jump after Trump leaves China with Iran conflict still at a stalemate - CNBC
The World Is Burning Through Its Oil Safety Net - WSJ
$PZZA (+9.3% pre) Papa John's biggest U.S. franchisee joins Irth's bid to take company private - Reuters
$MICC (+13.8% pre) Magnum Ice Cream stock soars after report of potential private equity takeover - CNBC
$MSFT (+0.6% pre) Bill Ackman says he built Microsoft position in first quarter - CNBC
America's most powerful CEOs don't have much to show from their China trip so far - Reuters
$BA (-0.8% pre) Boeing shares drop after Trump announces China orders just 200 jets - Reuters
$BA (-0.8% pre) Trump says China to potentially buy as much as 750 Boeing planes
$NVDA (-2.7% pre) Chip Stocks Slide After U.S.-China Summit Ends Without Major Tech Deals - WSJ
$NVDA (-2.7% pre) Trump Says He Discussed AI Guardrails, Nvidia’s Chips With Xi - BBG
$CBRS (-4.8% pre) Cerebras stock falls after blockbuster IPO debut — here’s what’s happening
$CBRS (-4.8% pre) The Blockbuster Cerebras IPO Is a Huge Bet on $NVDA Nvidia Fatigue
$SKM TrendForce: Strong Mobile DRAM Contract Prices Continue to Compress Smartphone Production in Q2 2026 $MU $SNDK
SpaceX IPO prospectus could land as soon as next week, sources say - CNBC
US set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case - Reuters
$GOOGL (-1.9% pre) Alphabet sells yen bonds worth $3.6 billion, largest such issue by foreign company - Reuters
$BRUN (+7.5% pre) Willow Lane Acquisition Corp entered into a Business Combination Agreement with Boost Run Inc
$V (-0.3% pre) Trump says he urged greater access for Visa in talks with China
$WEX (+1.1% pre) WEX (NYSE: WEX) OKs $1.0B buyback and reports vote results
$AUUD (+75.4% pre) Auddia Submits S-4 for Merger with Thramann Holdings, Establishing McCarthy Finney as a Unified AI Platform
$AARD (-37.0% pre) FDA places clinical hold on Aardvark Therapeutics ARD-101 drug trials
$DXCM (+5.5% pre) Dexcom stock jumps as Elliott Management takes major stake
$NOW (+1.8% pre) Experian partners with ServiceNow to embed AI decisioning in workflows
$SOPA (-32.1% pre) Society Pass (SOPA) files voluntary Chapter 11, warns of high trading risk
$AMAT (-1.9% pre) Applied Materials sees quarterly revenue above estimates on sustained AI spending
$BOOT (+4.5% pre) Boot Barn Holdings Stock Takes A Step Higher As Growth Surprises
$EDBL (+51.2% pre) Edible Garden Reports 22.9% First Quarter 2026 Revenue Growth and Advancement of Ready-to-Drink (RTD) Nutrition Platform
$FIG (+7.9% pre) Figma Announces First Quarter 2026 Financial Results
$GEMI (+26.0% pre) Winklevoss’ Gemini jumps 25% on $100 million bitcoin infusion despite deepening losses
$GLOB (+5.6% pre) GLOBANT SA ($GLOB) Releases Q1 2026 Earnings, Stock Rises
$HCWB (+200.0% pre) HCW Biologics Reports First Quarter 2026 Business Highlights and Financial Results
$PIII (+18.4% pre) P3 Health Partners Posts Q1 2026 Profit, Raises Full-Year Guidance; Stock Up
$SLE (+55.4% pre) Video game ad firm Super League: $11.4M cash, no new operating capital expected
$SPAI (+5.0% pre) Safe Pro Reports Record 560% Revenue Growth in First Quarter as Artificial Intelligence Sales Surge 2,400%, Delivering AI Gross Margins Over 72%
$YSS (+1.9% pre) York Space Systems Reports First Quarter 2026 Results
$CV (-9.6% pre) CapsoVision Inc (NASDAQ:CV) Q1 2026 Miss Sends Stock Down
$DGXX (-5.8% pre) Digi Power X Reports First Quarter 2026 Financial Results
$DLO (-6.3% pre) dLocal Reports First Quarter 2026 Financial Results
$FRMI (-9.0% pre) Fermi Q1 Earnings Call Highlights
$GAMB (-30.9% pre) Gambling.com Posts Drop in Q1 Adjusted Earnings, Revenue, Plans Job Cuts; Shares Fall
$HTFL (-0.7% pre) Heartflow Reports First Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
$INFQ (-6.5% pre) Infleqtion Reports Record Q1 Revenue as Customer Demand Accelerates
$IPWR (-20.3% pre) Ideal Power stock falls 22% on wider-than-expected loss
$NU (-6.3% pre) NU Q1 Earnings Call Highlights
$POET (-16.1% pre) POET Technologies Reports First Quarter 2026 Financial Results
$RUM (-8.6% pre) Rumble Inc (NASDAQ:RUM) Q1 Revenue Miss and Wider Loss Send Shares Down
$TMC (-2.8% pre) TMC The Metals Q1 earnings call highlights
$UMAC (-7.2% pre) Unusual Machines, Inc. (UMAC) Q1 Earnings Miss Estimates
$VUZI (-17.2% pre) Vuzix Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026
$XNDU (-6.7% pre) Xanadu Quantum Technologies Limited GAAP EPS of -$0.28, revenue of $2.83M beats by $1.4M
Top Earnings Fri 5/15 Aft: $BCDA $BNZI $FSI $HSDT $LTRN $NVVE $SCOR $SHAZ $SKLZ
Top Earnings Mon 5/18 Pre: $AGPU $BIDU $BKYI $BRC $CGEN $DUOT $IQ $NIU $NRXP $ONFO $RNW $SHMD $SOHU $TOYO
Empire State Manufacturing Index jumps past consensus in May as new orders, prices climb
$JZXN (+22.9% pre) Jiuzi Holdings, Inc. and Leading AI Company Sign Strategic MoU for Advanced Imaging and Data Solutions Collaboration
$NVAX (-2.7% pre) Form SCHEDULE 13D/A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
Upgrades 5/15: $ANET $AVAH $BWXT $CCAP $CHRW $CSCO $CXT $EFSI $FE $GNE $RCEL $RXO $STN $STRO $TKR $TXRH
Downgrades 5/15: $AARD $AEG $ALLE $ALMS $AOS $CCAP $DOCS $ECO $FRMI $GAMB $GSAT $JSPR $LWAY $OPTU $PHR $SANG $STNE $TNGX $VIK $WDAY
+Initiations 5/15: $BIIB $EBC $EL $IBCP $INDB $ORIC $RNA $SJM $SOLV $UNTY $VRT
$AAOI (-6.4% pre) Applied Optoelectronics shares came under pressure after the company unveiled an at-the-market equity program that could raise up to $600 million
$BW (-12.5% pre) Babcock & Wilcox prices $200 million stock offering at $18.50 per share
$ELPW (-26.8% pre) Form EFFECT Elong Power Holding Ltd.
$IPWR (-20.3% pre) Ideal Power raises $30 million in registered direct stock offering
$IREN (-3.5% pre) IREN completes $3 billion convertible notes offering
$NNVC (-13.8% pre) NanoViricides raises $2 million in registered direct offering
$POET (-13.3% pre) POET Technologies raises $400 million in registered direct offering
$PESI (-1.5% pre) Perma-Fix Announces Pricing of $20.0 Million Public Offering of Common Stock
$QTI (-13.6% pre) QT Imaging prices $10 million public offering at $5 per share
$SPCE (-6.2% pre) Virgin Galactic Holdings (SPCE) files $40.21M mixed shelf
$VELO (-3.9% pre) Velo3D (VELO) files for 3M share offering by selling stockholders
Top Shareholder Meetings: $OII $STRZ $WY
Top Analyst/Investor Calls: $ATH $CADL $EBAY $TYNA $URGN
Top Conferences: o ASGCT o BAC Global Metals, Mining and Steel Conference o Wolfe Badishkanian Small Group May Conference
$SANA (-5.4% pre) Sana Biotechnology raises $69 million through share sale