Back to top

Image: Bigstock

Pre-Markets to Open at Record Highs: Retail Earnings, Case-Shiller Report

Read MoreHide Full Article

Key Takeaways

  • Market Indexes Look to Open at New Record Highs
  • Q1 Earnings Wind Dow, but Plenty of Retailers Still to Report
  • Case-Shiller Home Prices Do Not Keep Up with Inflation Yet Again

Tuesday, May 26th, 2026

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 - Free Report) , Dick’s Sporting Goods (DKS - Free Report) , Costco (COST - Free Report) and Dollar Tree (DLTR - Free Report) , to name just a few. Also tech majors Salesforce (CRM - Free Report) , Marvell Technologies (MRVL - Free Report) and Dell (DELL - Free Report) , among others.
 

Earnings Reports for Today: AZO, BOX, ZS


AutoZone (AZO - Free Report) reported mixed fiscal Q3 results this morning, in comparison to Advance Auto Parts (AAP - Free Report) 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 - Free Report) and cloud security firm Zscaler (ZS - Free Report) . 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>>

Zacks' 7 Best Strong Buy Stocks (New Research Report)

Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.

Click Here, It's Really Free

Published in