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Pre-market futures are back in the green following the Memorial Day observance on Monday, looking toward new all-time opening highs despite a lack of progress on the Iran War front, etc. The Dow is +270 points at this hour, +0.53%, the S&P 500 is +53 points, +0.71%, the tech-heavy Nasdaq +344 points, +1.17% and the small-cap Russell 2000 is up +33 points, also +1.17%.
We see Q1 earnings season winding down, though this week still brings us several key retailers reporting, such as Abercrombie & Fitch ANF, Dick’s Sporting GoodsDKS, CostcoCOST and Dollar Tree DLTR, to name just a few. Also tech majors SalesforceCRM, Marvell TechnologiesMRVL and Dell DELL, among others.
Earnings Reports for Today: AZO, BOX, ZS
AutoZone AZO reported mixed fiscal Q3 results this morning, in comparison to Advance Auto Parts AAP stellar report a week ago: earnings of $38.07 per share zipped past the Zacks consensus estimate by +5.22% on revenue of $4.84 billion — +8.4% from the year-ago quarter but below the $4.86 billion analysts had been expecting. This is the second-straight quarterly earnings beat, but shares are down -5% in pre-market trading.
After the close today, we’ll see earnings results from data storage company Box BOX and cloud security firm ZscalerZS. Both are projected to perform well on earnings growth year over year: +20% and +19%, respectively, on +10% revenue growth for Box and +23% on Zscaler. ZS has not posted an earnings miss its entire publicly traded career, dating back to early 2018.
Case-Shiller Home Prices
The rearview look at home prices from Case-Shiller is out this morning for the month of March. Home price gains increased +0.7% for the month, down 10 bps from the prior month’s downwardly revised +0.8%. For the 10th straight month, home price gains did not keep up with overall inflation.
Chicago once again led the way, with home prices growing +6.1% for the month, followed by New York City and Cleveland. Negative home price growth — of which more than half of the 20-city survey reported — was largest in Seattle that month, -2.5%, followed by Tampa and Denver.
What to Expect from the Stock Market Today
Of course, these days we always have one eye trained on developments in the Middle East. Strategic strikes in Iran from the U.S. appear to have set back peace talks, at least for now. The Islamic Republic of Iran just proclaimed it “will not leave any act of mischief unanswered…” so time will tell whether this is more saber-rattling or a harbinger of things to come.
Consumer Confidence for May from The Conference Board looks to change the trajectory from last week’s historically low Consumer Sentiment from the University of Michigan. Currently, expectations are for 92.0, down 80 basis points (bps) month over month, and wallowing for the past year-plus sub-100, where we had been the better part of the post-Covid years. Questions or comments about this article and/or author" Click here>>
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Strength in the Uniform Rental unit, accretive acquisitions and investments in technology are advantageous for Cintas. The company’s policy of rewarding shareholders adds to its attractiveness.
AI data center validation, defense modernization, semiconductor wafer test demand, and rising software mix support sustained growth and cash generation.
PVH has made progress on its operational cost savings and efficiency goals, which are central to its PVH+ Plan.PVH Corp continues to leverage its brand portfolio strategy.
Grainger will continue to gain from the ongoing momentum in the United States, as well as strong demand its products. Pricing actions and inventory reduction efforts will also aid growth.
Digital leadership, diversified brands, B2B momentum and disciplined capital returns support growth while reinvestment in service sustains margins over time.
Helen of Troy drives growth through Leadership Brands, global expansion, and its bold “Elevate for Growth” strategy. Efficiency, innovation, and agility fuel its path forward.
The TJX Companies’ off-price business model, along with its strategic store locations and impressive demand for products, is likely to aid its performance.
Growth in end markets and cost-out execution will continue to support TriMas’ results. Portfolio simplification and capital deployment into higher-growth packaging platforms will aid growth.
Launch execution risks, intense competition, macroeconomic volatility and integration challenges could delay commercialization and weigh on profitability prospects.
Take-Two faces franchise concentration, rising development costs, mobile gaming competition, and macroeconomic risks, which could pressure long-term growth, profitability and margins sustainability.
Transaction weakness, commodity and labor inflation, slower closures, refinancing cost uncertainty, and limited international reach constrain recovery and valuation in the near term.
Papa John's International (PZZA)Downgraded: 05/22/26
Weak North America demand, elevated investments, execution risks and promotional competition continue constraining Papa John’s near-term earnings recovery outlook.
Gap’s performance has been weighed down by Athleta’s underperformance and ongoing brand reset. Tariff pressures are further squeezing profits despite solid sales growth.
The company faces headwinds in the form of a high inflationary environment, competitive pressures and significant reliance on a limited number of customers.
American Eagle is well placed on cost-reduction efforts and brand progress. In the second half, the company expects to cycle tariffs and advertising investments.
AI factory demand, fast product cadence, broader customers, software attach and substantial capital returns support NVIDIA’s upside despite ongoing execution risks.
Broadcom is a leading player in the semiconductor market based on its expanding product portfolio, multiple target markets, accretive acquisitions and strong cash flow.
AT&T is witnessing a healthy momentum in its core market areas, driven by strength in 5G and fiber, as it aims to better harness edge computing capabilities with core business focus.
Strength across all product groups is a positive catalyst for Edwards Lifesciences. The company’s bullish long-term growth strategy buoys optimism on the stock.
Amgen’s key medicines like Evenity and Repatha as well as newer medicines like Tavneos and Tezspire are driving sales, more than offsetting declining revenues from oncology biosimilars and legacy established products such as Enbrel
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