CLOSING BELL | | The market climbed Thursday, as back-and-forth rumors of oil war truces and updated ceasefires kept energy from eating away at the massive semiconductor and memory bull run this week. | The world awaits the pending Trump admin approval for a new agreement towards a 60-day ceasefire with Iran, Axios reported midday. Last night the U.S. defended against drone attacks from Tehran on commercial shipping with jets, and Iran sent missiles to Kuwait. Oil futures fell to their lowest in a month on hopes this is the deal to end all deals. | Inflation numbers from the past month came out bleak, as experts expected, PCE prices climbed 3.8% in April. Downright absurd. Though the month over month price climb was not as bad as expected, oil costs a lot when it costs a lot. | The AI fever did not exactly cool either. Anthropic raised $65B at a $965B valuation, Dell blew out after the close, MongoDB did a full after-hours fakeout, and Stocktwits chatter clustered around AI infrastructure, Uncle Sam’s drone spending basket, and retail earnings relief. | Today's Briefing: | After the Bell: MongoDB, UiPath, Dell, and Okta test the AI software and infrastructure trade Stocks: Drone, defense, and quantum names rip on Uncle Sam spending hopes Stocks: Dollar Tree, Best Buy, and Kohl’s prove retail is bruised, not buried Pops and Drops & More
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| | | | AFTER THE BELL
MongoDB Flips the Script | MongoDB, the developer database company behind Atlas, gave after-hours traders a face-ripper in both directions. The stock initially fell 8% after earnings, then ripped higher as investors decided the Atlas growth, raised guide, and AI agent story were stronger than the first knee-jerk sell. | The RIP: $MDB jumped 23% higher. GAAP EPS was $0.06, up 113% YoY. Revenue rose 25% to $687.62M. MongoDB raised full-year revenue guidance to $2.92B to $2.96B and non-GAAP EPS guidance to $5.95 to $6.14. | The bull case is that Atlas grew more than 29%, free cash flow rose to $197.5M, and MongoDB is getting deeper into AI infrastructure through LangChain, vector search, and agent memory. | | Tell $MDB: fakeout or breakout → | UiPath Clears the Bar | UiPath, the enterprise automation software company, gave traders the clean-but-not-crazy AI workflow print they were waiting for. The numbers were fine, the guide was fine, and the story is still about whether “agentic automation” can turn old RPA into something Wall Street wants to pay for again. | The RIP: $PATH ( ▲ 3.76% ) did not move much after hours. GAAP EPS was $0.04, up 200% YoY. Revenue rose 17% to $418.38M. Q2 revenue guidance was $395M to $400M, with full-year revenue expected around $1.78B and non-GAAP operating income around $430M. | | Take it to $PATH: rerating or rerun → | Dell Gets Its AI Server Moment | Dell, the PC and infrastructure giant, ripped after-hours after the market got another reminder that AI hardware is not just Nvidia chips floating in a magic warehouse. Somebody has to build, ship, cool, and service the boxes. | The RIP: $DELL ( ▲ 3.84% ) gained +16% after its report. Q1 adjusted EPS was $4.86 vs. $2.94 expected, and revenue was $43.84B vs. $35.45B expected. Full-year revenue guidance moved to $165B to $169B. | The read-through is bigger than Dell. If AI server demand is strong enough to blow out numbers at this scale, traders will keep hunting the whole rack: servers, cooling, memory, networking, storage, and power. The stream was bullish with extremely high message volume, but the useful tension is whether Dell just had its Micron moment or whether the market is about to ask how much margin is really inside the AI server boom. | | Bring it to $DELL: boom or squeeze → | Okta Passes, Nobody Parties | Okta, the identity-security software company, reported a steady quarter that looked better on paper than it felt in the stream. Revenue grew, cash flow was strong, and guidance did not scream disaster, but the reaction was more “options crusher” than victory lap. | The RIP: $OKTA ( ▲ 5.83% ) rose +6% in regular trading. Q1 revenue rose 11% YoY to $765M. RPO grew 16%, cRPO grew 12%, operating cash flow was $277M, and free cash flow was $271M. Full-year revenue guidance was $3.19B to $3.21B, with non-GAAP EPS of $3.79 to $3.87. | Okta is still a high-quality identity name, but the market is grading cybersecurity software harder now that AI infrastructure has stolen the growth-stock spotlight. | | Sound off in $OKTA: compounder or dead money → STOCKS
Uncle Sam Finds Drones | Unusual Machines, Red Cat, Ondas, Axon, and Infleqtion all caught a defense-tech bid Thursday after reports that the Trump administration is exploring funding deals with U.S. drone makers. | The WSJ reported that Pentagon sources were talking to a wide set of drone manufacturers. Deals with private companies may include debt and equity stakes, the sources said. | Infleqtion Inc. was a top climber on Stocks as well, a quantum computing company on the rise following reports that Uncle Sam was busting out his wallet for quantum tech as well. The WSJ said last week the U.S. was writing a check for $1B to IBM to match investments in the developing tech. | The RIP: $UMAC ( ▲ 57.2% ) jumped +57%, $RCAT surged +33%, $ONDS ripped +23%, $INFQ ( ▲ 14.94% ) climbed +15%, and $AXON ( ▲ 12.27% ) rose +12%. The reported talks include possible debt and equity funding structures. The Pentagon’s Drone Dominance program is targeting $1B in spending. | @Wizardgang: "$RCAT variant 7... can be fitted with surface to air guided missiles and counter UAV ASC bullfrog systems" Post @Maga2028: "$ONDS shorts should probably cover their 150 million short shares" Post @FridayMorningQB: "$INFQ... the market will likely be pricing them not just as a computer manufacturer, but as a critical infrastructure play." Post
| Jump into $UMAC: funding bid or blowoff → | Retail Gets A Relief Bid | Dollar Tree, Best Buy, and Kohl’s all jumped Thursday after earnings, because “the consumer is dead” apparently needs a few more revisions. The tape rewarded three very different versions of the same retail story: discount strength, electronics stabilization, and department-store damage control. | The RIP: $DLTR ( ▲ 17.87% ) jumped +18%, $BBY ( ▲ 15.8% ) surged +16%, and $KSS ( ▲ 20.57% ) ripped +21%. Dollar Tree reported GAAP EPS of $1.76 on revenue of $4.98B, up 7% YoY. Best Buy posted GAAP EPS of $1.31 on revenue of $8.94B, up 2%. Kohl’s reported a $0.13 loss on revenue of $3.17B, down 2%. | Dollar Tree had the cleanest print, with stronger sales, margin expansion, and operating income leverage, though tariff exposure and weaker traffic keep it from being a victory parade. Best Buy got paid for positive comps, gaming and computing strength, and growing ad and marketplace profit streams, even with appliances still dragging. Kohl’s was the messiest winner: sales fell, operating income shrank, and cash flow was negative, but its best comp performance in four years, lower inventory, and affirmed guidance were enough to light the squeeze fuse. | $GAP ( ▲ 3.95% ) also posted after the bell and suffered a major -14% price drop after lowering its full year sales guidance by about $200M at the mid-range. $COST ( ▼ 0.85% ) was not moving much following its after market report, the discount bulk store showed an 11% jump in sales, revenue beating estimates. |
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