^{_{Welcome to the TraderTV Live Morning Research Note. Here's what's making major moves in the market today.}}

0830 - Nonfarm productivity q/q for Q1: Expected 1%; Prior 1.8%
0830 - Initial jobless claims: Expected 202.5k; Prior 189k
0830 - Unit labor costs q/q for Q1: Expected 2.5%; Prior 2.4%
1000 - Construction spending m/m for March: Expected 0.3%; Prior -0.3%
1405 - Fed’s Hammack speaks
1530 - Fed’s Williams speaks

Arm Holdings PLC (ARM)

-6.83%

Gapping down after its Q4 2026 earnings report. Revenue of $1.49 billion and adjusted earnings of $0.60 per share narrowly beat estimates of $1.47 billion and $0.58, respectively. License & Other revenue grew by 29% year-over-year, while Royalty revenue grew by 11%. The company projected Q1 2027 revenue of $1.26 billion, plus or minus $50 million; analysts were looking for $1.25 billion.

Datadog Inc (DDOG)

+23.29%

Gapping up after its Q1 2026 earnings report, with revenue of $1.01 billion and earnings of $0.60 per share beating estimates of $958 million and $0.52, respectively. Gross margin was reported at 80%, below estimates of 80.7%, and the number of customers with annual recurring revenue over $100,000 grew by 21% year-over-year. Datadog projected FY 2026 revenue of $4.3 billion, beating estimates of $4.1 billion, and guided EPS between $2.36 and $2.44, above estimates of $2.20.

DoorDash Inc (DASH)

+10.02%

Gapping up after its Q1 2026 earnings report. Revenue of $4.04 billion missed estimates of $4.15 billion while representing 33% year-over-year growth, though earnings of $0.42 per share beat estimates of $0.37. Total orders grew by 27% year-over-year to 933 million, with marketplace gross order value (GOV) climbing by 37% to $31.6 billion. The company projected GOV between $32.4 billion and $33.4 billion for Q2 2026.

Unity Software Inc (U)

+6.65%

Gapping up after its Q1 2026 earnings report. Revenue grew by 17% year-over-year to $508 million, above estimates of $506 million; earnings of $0.23 per share met analyst estimates and represented a 4% decline. Gross margin came in at 82%, below estimates of 82.8%, though adjusted EBITDA grew by 65% year-over-year. The company projected Q2 2026 revenue between $505 million and $515 million, compared to estimates of $512 million.

Tesla Inc (TSLA)

+1.90%

Trading higher premarket following strong China-made EV sales for the month of April. Data from the China Passenger Car Association shows that 79,478 Model 3 and Model 7 vehicles built at the company’s Shanghai plant were sold last month; this number represents 36% year-over-year growth and a 7% month-over-month decline.

Snap Inc (SNAP)

-8.84%

Gapping down after its Q1 2026 earnings report, during which the company announced that it has “amicably” ended its deal with AI startup Perplexity. The company posted revenue of $1.53 billion, in-line with analyst estimates, and reported losses of $0.05 per share for the quarter. Global daily active users hit 483 million, above the expected 475.6 million, though global average revenue per user of $3.17 fell short of the estimated $3.20. Snap guided Q2 2026 sales between $1.52 billion and $1.55 billion, compared to estimates of $1.54 billion.

Meta Platforms (META)

+0.05%

Bloomberg reported that Meta-backed Scale AI has secured a $500M Pentagon contract to help analyze data and support military decision-making, up sharply from its $100M deal in 2025. Scale AI is also involved in the Pentagon’s Thunderforge and Golden Dome initiatives as the Defense Department expands its use of AI technologies.

AppLovin Corp (APP)

+2.60%

The company posted Q1 2026 revenue of $1.842 billion, representing 59% year-over-year growth. Net income of $1.206 billion improved by 109% year-over-year, while adjusted EBITDA grew by 66% to reach $1.557 billion. AppLovin projected revenue between $1.915 billion and $1.945 billion for Q2 2026.

Fortinet Inc (FTNT)

+15.44%

Gapping up after its Q1 2026 earnings report, with revenue of $1.85 billion and adjusted EPS of $0.82 beating estimates of $1.73 billion and $0.62, respectively. Product revenue came in at $645 million, up 41% year-over-year, while billings grew by 31A% to reach $2.09 billion. The company projected FY 2026 revenue between $7.71 billion and $7.87 billion, above estimates of $7.6 billion; the company’s adjusted EPS outlook for the year similarly beat estimates.

Fluence Energy Inc (FLNC)

+34.11%

Gapping up after its Q2 2026 earnings report. Revenue grew by 7.7% year-over-year to $464.9 million, with adjusted EBITDA of -$9.4 million marking an improvement from -$30.4 million in the prior-year quarter. Order intake doubled on a year-over-year basis to roughly $2 billion. The company projected FY 2026 revenue between $3.2 billion and $3.6 billion and expected annual recurring revenue to hit $180 million by the end of the year.

IonQ Inc (IONQ)

-6.98%

Gapping down after its Q1 2026 earnings report. GAAP revenue came in at $6.47 million, up 755% on a year-over-year basis, with remaining performance obligation growing by 554% to reach $470 million. IonQ hiked its FY 2026 outlook to $260 million-$270 million.

Citigroup Inc (C)

-3.88%

Trading sharply lower premarket after providing long-term guidance for return on tangible common equity (ROTCE) during its investor day. Citi projected 10%-11% ROTCE for FY 2026, expecting the metric to grow to 11%-13% by FY 2027 and FY 2028. The bank guided ROTCE between 14% and 15% by 2029 to 2031.

McDonald’s Corp (MCD)

+3.24%

Trading higher premarket after its Q1 2026 earnings report, with adjusted earnings of $2.83 and sales of $6.517 billion beating estimates of $1.74 and $6.466 billion, respectively. Comparable sales in the US grew by 3.9% year-over-year, as did international operated markets, while international developmental licensed markets grew by 3.4%.

Celsius Holdings Inc (CELH)

+4.91%

Gapping up after its Q1 2026 earnings report, with revenue of $782.6 million and adjusted earnings of $0.41 beating estimates of $763.07 million and $0.30, respectively. Gross margin declined by 400 basis points year-over-year to 48.3%., though adjusted EBITDA grew by 181% to reach $195.5 million. Celsius posted triple-digit year-over-year revenue growth for both its North America and International business segments.

Fastly Inc (FSLY)

-25.66%

Gapping down after its Q1 2026 earnings report. Revenue of $173 million beat estimates of $170.26 million, while adjusted earnings of $0.13 per share beat estimates of $0.08. Security revenue and remaining performance obligations grew by 47% and 63%, respectively, on a year-over-year basis. The company projected FY 2026 revenue between $710 million and $725 million, compared to estimates of $711.3 million, and guided Q2 2026 revenue between $170 million and $176 million, compared to estimates of $171.2 million.

Beyond Meat Inc (BYND)

-11.25%

Gapping down after its Q1 2026 earnings report, with revenue of $58.2 million representing a 15.3% year-over-year decline. Gross profit came in at $2 million, representing an improvement from the $6.9-million gross loss posted in the prior-year quarter. The company guided Q2 2026 revenue between $60 million and $65 million, noting that they continue to experience “an elevated level of uncertainty and volatility”.

Global Engine Group Holding (GLE)

+90.53%

The penny stock is gapping higher. Global Engine has a market capitalization of $6.61 million and a float of 1.26 million shares.