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Stock Market 7 May 2026 - 8 May 2026

Agilon Health Stock More Than Doubles After Q1 Beat. The Turnaround Test Starts Now

Agilon Health Stock More Than Doubles After Q1 Beat. The Turnaround Test Starts Now

agilon health shares jumped 118% to $60.66 Thursday after the company reported first-quarter net income of $49 million, up from $12 million a year earlier, despite a 7% drop in revenue to $1.42 billion. The company raised its 2026 outlook and named Tim O’Rourke as CEO, succeeding Ronald A. Williams. Membership fell 11% to 536,000. Multiple analysts upgraded the stock following the results.
8 May 2026
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Centrica Shares Sink as British Gas Owner’s Retail Warning Overshadows £370 Million Severn Deal

Centrica Shares Sink as British Gas Owner’s Retail Warning Overshadows £370 Million Severn Deal

Centrica shares dropped 5.16% after warning retail energy earnings will hit the low end of 2026 forecasts, despite announcing a £370 million deal to buy the Severn gas power plant. The company expects retail EBITDA near £500 million, while infrastructure EBITDA should exceed £650 million. Severn is set to add up to £60 million in annual EBITDA from 2027. Shareholders approved all AGM resolutions, including a final dividend.
8 May 2026
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Paramount-Warner Bros Deal Faces New California Antitrust Test as Lawmakers Push Bonta

Paramount-Warner Bros Deal Faces New California Antitrust Test as Lawmakers Push Bonta

Thirty-four California Democrats in Congress urged state Attorney General Rob Bonta to scrutinize Paramount Skydance’s planned $111 billion takeover of Warner Bros. Discovery for antitrust harm. The lawmakers cited recent job losses in Los Angeles and warned of further consolidation. Bonta has not announced legal action. Warner Bros. Discovery shareholders approved the merger in April.
8 May 2026
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SiTime Stock Jumps 28% as AI Data-Center Demand Almost Doubles Sales

SiTime Stock Jumps 28% as AI Data-Center Demand Almost Doubles Sales

SiTime shares jumped 27.9% to $797.31 after first-quarter revenue rose 88% to $113.6 million, driven by AI data-center demand. The company raised its 2026 revenue growth outlook to at least 80% and forecast June-quarter revenue of $140–$150 million. Its CED unit posted $75.7 million in revenue, up 158% from a year earlier. SiTime still reported a GAAP net loss of $5.2 million for the quarter.
8 May 2026
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Trade Desk Stock Gets Hit Again as Weak Outlook Wipes Out Q1 Sales Beat

Trade Desk Stock Gets Hit Again as Weak Outlook Wipes Out Q1 Sales Beat

The Trade Desk shares dropped 16% in after-hours trading after the company forecast second-quarter revenue below analyst expectations, despite beating first-quarter sales estimates. Revenue rose 12% to $688.9 million, but adjusted earnings per share missed forecasts at 28 cents. The stock traded near $19.66, down from a $23.49 close. The company’s outlook implies slower growth and follows recent analyst target cuts.
8 May 2026
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Applied Optoelectronics Stock Slides After Q1 Revenue Miss: AI Optics Boom Faces Wall Street Test

Applied Optoelectronics Stock Slides After Q1 Revenue Miss: AI Optics Boom Faces Wall Street Test

Applied Optoelectronics shares dropped over 10% in post-market trading Thursday after first-quarter revenue and second-quarter guidance missed analyst estimates. Quarterly revenue rose 51% to $151.1 million, but the company posted a GAAP net loss of $14.3 million. Data-center revenue more than doubled to $81.4 million. The company completed its first volume shipment of 800G products to a hyperscale customer.
8 May 2026
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Dow Jones Today After The Bell: Dow Drops 313 Points Below 50,000 as Oil Whipsaws Wall Street

Dow Jones Today After The Bell: Dow Drops 313 Points Below 50,000 as Oil Whipsaws Wall Street

The Dow Jones Industrial Average fell 313.62 points to 49,596.97, closing below 50,000 after declines in oil and chip stocks. Brent crude settled at $100.06 a barrel, down 1.2%. Arm Holdings dropped sharply on supply concerns, while Nvidia and Microsoft rose nearly 2%. Initial jobless claims rose to 200,000, and the Cleveland Fed signaled rates will remain on hold.
7 May 2026
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S&P 500 Today: Why Wall Street’s Record Run Stalled After the Bell

S&P 500 Today: Why Wall Street’s Record Run Stalled After the Bell

The S&P 500 fell 0.38% to 7,337.11 on Thursday as chip stocks slid, with Intel and AMD each dropping about 3%. The PHLX Semiconductor Index lost 2.7%, while Arm’s U.S. shares declined after a warning on smartphone demand and supply limits. Jobless claims rose by 10,000 to 200,000, and Cleveland Fed President Beth Hammack signaled rates will likely stay on hold. The U.S. Trade Court ruled against Trump’s 10% global tariffs after the market close.
7 May 2026
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Opendoor Q1 Earnings Beat Wall Street — But OPEN Stock’s Bigger Test Starts Now

Opendoor Q1 Earnings Beat Wall Street — But OPEN Stock’s Bigger Test Starts Now

Opendoor’s first-quarter revenue reached $720 million, beating analyst estimates but dropping 38% from a year ago. The company’s net loss widened to $173 million, or 18 cents per share. CEO Kaz Nejatian cited faster home resales and improved inventory, but high mortgage rates continue to weigh on sales. Opendoor expects second-quarter revenue to grow about 25% from the first quarter.
7 May 2026
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CoreWeave Stock Faces $99 Billion AI Backlog Test After Q1 Revenue Beat

CoreWeave Stock Faces $99 Billion AI Backlog Test After Q1 Revenue Beat

CoreWeave reported first-quarter revenue of $2.08 billion, beating estimates, as AI computing demand boosted its cloud business. Net loss widened to $740 million on operating expenses of $2.22 billion. Revenue backlog climbed to $99.4 billion, driven by major deals with Meta, Jane Street, and Anthropic. Shares were flat in after-hours trading.
7 May 2026
Moody’s Says South Africa Debt Has Peaked, But Iran War Could Slow Growth

Moody’s Says South Africa Debt Has Peaked, But Iran War Could Slow Growth

Moody’s said South Africa’s government debt is set to stabilise this year before declining, citing stronger revenue and tighter spending. The agency estimates debt peaked at 86.8% of GDP in March 2026, higher than Treasury’s 78.9% forecast. Moody’s expects the debt ratio to ease to 84.9% by 2028, but warned that debt above 80% limits fiscal flexibility. The Iran war could cut 2026–27 growth by up to 0.5 percentage points.
7 May 2026
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AMD Stock Cools After AI Earnings Surge. The Bigger Story Is CPUs

AMD Stock Cools After AI Earnings Surge. The Bigger Story Is CPUs

AMD shares fell $12.97 to $408.42 Thursday after a post-earnings rally, despite strong first-quarter results and a bullish outlook. Revenue rose 38% to $10.25 billion, with data-center sales up 57%. AMD forecast second-quarter revenue of about $11.2 billion and expects server CPU revenue to jump over 70% year over year. Multiple brokerages raised price targets, some above $500.
7 May 2026
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HawkEye 360 Stock Jumps 30% After $416 Million IPO—What HAWK’s NYSE Debut Signals Now

HawkEye 360 Stock Jumps 30% After $416 Million IPO—What HAWK’s NYSE Debut Signals Now

HawkEye 360 shares opened at $33.80, up 30% from the $26 IPO price, valuing the company at about $3.15 billion in its NYSE debut Thursday. The satellite signals-intelligence firm raised roughly $416 million selling 16 million shares. Revenue jumped 74% to $117.7 million in 2025, with net income of $2.7 million after a prior loss. HawkEye operates over 30 satellites, serving mainly U.S. and allied governments.
7 May 2026
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USDA Just Changed SNAP Store Rules: What Retailers Must Stock by Fall

USDA Just Changed SNAP Store Rules: What Retailers Must Stock by Fall

USDA finalized stricter SNAP stocking rules Thursday, requiring stores to offer at least 28 varieties across protein, grains, dairy, and produce, effective fall 2026. Small grocers and convenience stores face new compliance hurdles. Independent grocers welcomed the change but called for flexible rollout. USDA said SNAP retailers process over $90 billion in benefits annually.
7 May 2026
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Lumen Technologies Stock Slides As $1 Billion Debt Deal Tests Its Alkira AI Bet

Lumen Technologies Stock Slides As $1 Billion Debt Deal Tests Its Alkira AI Bet

Lumen Technologies shares dropped 13% after its Level 3 unit priced $1 billion in 7.5% senior notes due 2037, raising concerns about its debt. First-quarter revenue fell 9% to $2.9 billion, with adjusted loss widening to 47 cents a share. Lumen agreed to buy Alkira for $475 million in cash. Long-term debt stood at $12.96 billion as of March 31, down from $17.44 billion at 2025’s end.
7 May 2026
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Capital One Class Action: Cardholders Say Bank Canceled Rewards They Had Already Earned

Capital One Class Action: Cardholders Say Bank Canceled Rewards They Had Already Earned

Capital One faces a proposed class action in Virginia federal court alleging it canceled earned credit-card rewards after closing customer accounts, even when cardholders were not in default. Plaintiffs NTech Consulting LLC and Nikhil Navkal claim Capital One withheld over $10,000 in rewards and bonuses. The lawsuit follows a separate $425 million settlement over Capital One 360 Savings accounts approved last month.
7 May 2026
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Stock Market Today

  • West Marine to Close 59 Stores Amid Chapter 11, Executives Awarded Bonuses
    June 12, 2026, 5:32 PM EDT. West Marine will close 59 stores across 23 states as part of its Chapter 11 bankruptcy restructuring. The retailer, which filed on May 17, plans expedited reorganizing supported by lenders and equity holders. Florida faces the most closures with eight stores, followed by Michigan with six, and California and Washington each losing five. Prior to filing, five executives received $1.075 million in retention bonuses, raising concerns among creditors. The company owes over $65 million to 30 major vendors. Hilco Merchant Resources will conduct liquidation sales expected to continue through September. West Marine states the process aims to optimize operations and maintain customer service despite the significant store reductions.

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West Marine to Shut 59 Stores Amid Bankruptcy; Execs Got Bonuses

West Marine to Shut 59 Stores Amid Bankruptcy; Execs Got Bonuses

12 June 2026
West Marine is closing 59 stores in 23 states and paid $1.075 million in executive retention bonuses just 16 days before filing for Chapter 11 bankruptcy, as court filings reveal the retailer owes over $65 million to top vendors and liquidation sales are underway through September.
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