Stocks and Earnings Surge, and Iran Deal may be Imminent

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The stock market goes into the last week of May from yet another position of power, with the S&P 500 surfing the 7,500 mark after a busy earnings season.

While not a straight shot up and to the right, the S&P 500 (^GSPC) and tech-heavy Nasdaq (^IXIC) rose yet again for the week, joined by the Dow (^DJI), which set new records and has 51,000 in its sights for the first time.

With earnings season done, the stock market moves into digestion and distraction territory as investors integrate the whole of corporate data with extracurricular corporate news, economic releases, the bond market’s not-so-subtle signals, and whatever distractions, surprises, and unknown unknowns emerge.

As we all know, there’s always something, and headlines will rush in to fill a calendar void. Yahoo Finance reports.

🧾 Marvell Jumps Before Earnings with AI Trade Pointing at $200

Marvell Technology shares gained before the open Tuesday, as the chipmaker looked set to push its recent rally further. Investors are getting ready for its fiscal first-quarter results this week.

The stock traded at $206.75 in premarket, up 5.3% from Friday’s $196.33 close. U.S. markets were closed Monday for Memorial Day, so Tuesday marks the first session back after the holiday.

Marvell reports after the U.S. market closes on Wednesday, and its conference call starts at 1:45 p.m. Pacific. The company is now seen as a more focused play on custom chips and optical links for AI data centers alongside GPUs.

Marvell’s March outlook called for Q1 revenue of $2.40 billion, give or take 5%, and non-GAAP diluted EPS of 79 cents, plus or minus 5 cents. Non-GAAP excludes certain accounting items.

First-quarter revenue is seen at $2.41 billion with adjusted earnings at 80 cents a share, according to analysts tracked by Investopedia. That’s close to 30% higher than a year ago. Options are pricing in a move of as much as 12% by week’s end, Investopedia said. TechStock reports.

⚡ Navitas Shares Jump Again, Hot Streak Faces Dilution Risk With AI Bet

Navitas Semiconductor shares were pointed up early Tuesday, building on a fast rally that’s made the power-chip maker a volatile name in AI infrastructure. The stock was changing hands around $32 in premarket action at 5:00 a.m. ET, a 9.4% jump from Friday’s close. Last regular session, shares finished at $29.25.

Timing is key. Nasdaq was closed Monday, May 25 for Memorial Day, leaving Friday as the last full session. The market’s reaction at Tuesday’s open will show if investors stick with the rally or decide to lock in gains after the long break.

Navitas didn’t announce a new product order in its latest hard filing, but detailed stock moves instead. The company said in a May 22 filing it has issued 3,277,438 Class A shares to meet “Triggering Event I” in its 2021 merger deal.

The agreement lets former Legacy Navitas holders and some others get up to 10 million shares, if set stock price goals are reached before Oct. 19, 2026. These so-called earnout shares are paid when certain milestones are hit.

Navitas and Live Oak Sponsor Partners II have settled a dispute over sponsor earnout shares from the earlier SPAC deal, according to a May 22 filing.

The agreement lets 726,225 sponsor earnout shares vest and become freely transferable. Another 421,000 shares had already been counted as earned. 115,775 shares will be forfeited. TechStock reports.

💽 Micron Stock Climbs in Pre-Market on AI Tailwinds

Micron Technology, Inc. (NASDAQ:MU) stock climbed in Tuesday premarket trading as investors continued piling into AI infrastructure stocks amid expectations of stronger memory-chip demand.

The move followed upbeat AI signals from NVIDIA Corp. (NASDAQ:NVDA), which recently reported first-quarter revenue growth of 85% and issued strong second-quarter guidance. NVIDIA also approved an additional $80 billion share buyback and raised its quarterly dividend.

The broader market traded higher before the bell, with the Invesco QQQ Trust up 0.91% and the SPDR S&P 500 ETF Trust gaining 0.58%. Benzinga reports.

📱 Why JOYY Shares Are Trading Higher By 12%

Shares of JOYY Inc (NASDAQ:JOYY) rose sharply in pre-market trading following better-than-expected first-quarter results.

JOYY reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.02 per share. The company reported quarterly sales of $555.700 million which beat the analyst consensus estimate of $543.333 million.

JOYY shares jumped 12.1% to $61.00 in pre-market trading. Benzinga reports.

⚖️ Moomoo Parent Futu Crashes 28% After China Proposes $271 Million Penalty Over Alleged Unlicensed Operations

Shares of Futu Holdings, the online financial services giant behind the popular Moomoo and Futubull trading platforms, crashed nearly 28% on the Nasdaq.

The stock closed near its 52-week low of $80.50, at $89.76, after the Hong Kong-headquartered company disclosed it had "received a Notice of Investigation and an Administrative Penalty Pre-Notification Letter" from the China Securities Regulatory Commission (CSRC) regarding its mainland operations.

According to the CSRC, in a press release issued by Futu, its entities "without obtaining the requisite licenses or approval, conducted securities business, public fund sales business and futures business in mainland China in violation of the Securities Law, the Securities Investment Fund Law and the Futures and Derivatives Law of the People's Republic of China." Benzinga reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) UZX: Linkage Global Inc

Total gain: +0.5410 (121.27%)

2) PHGE: BiomX Inc.

Total gain: +1.069 (130.86%)

3) QTEX: QTREX Quantum Ltd.

Total gain: +0.548 (75.38%)

4) ARTL: Artelo Biosciences, Inc.

Total gain: +0.860 (72.27%)

5) MNTS: Momentus Inc.

Total gain: +2.61 (35.37%)

The closing price of the top three market percent gainers trading near or above $3 on May 21.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET)
Stock Analysis reports.

1) NAKA: Nakamoto Inc.

Total gain: +6.47 (4,095.06%)

The company today announced that it will be hosting BFC in NYC - the first dedicated institutional Bitcoin symposium - in New York City. Taking place June 26, 2026, at The Glasshouse in Manhattan, the event is presented by Metaplanet and hosted by BFC. BusinessWire reports.

2) UBXG: U-BX Technology Ltd.

Total gain: +3.110 (2,711.68%)

The company announced that it has resolved to effect a reverse stock split of the Company’s class A ordinary shares and class B ordinary shares and has determined the ratio to be 1-for-25. At the Company’s annual meeting of shareholders held on November 4, 2025, the Company’s shareholders approved a reverse stock split at a ratio of not less than 1-for-2 and not more than 1-for-250 and granted the Company’s Board of Directors the authority to determine the exact split ratio.

On May 12, 2026, the Company’s Board of Directors determined the ratio to be 1-for-25. U-BX’s class A ordinary shares will begin trading on an adjusted basis giving effect to the reverse stock split on May 22, 2026 under the existing ticker symbol “UBXG”. The new CUSIP number of the Company’s class A ordinary shares will be G9161K120. GlobeNewswire reports.

3) IPW: iPower Inc.

Total gain: +3.453 (595.31%)

The company announced that it will effect a 1-for-8 reverse stock split of its issued and outstanding common stock.

The reverse stock split will become effective at 12:01 a.m. Eastern Time on May 22, 2026, and the Company’s common stock will begin trading on a split-adjusted basis on The Nasdaq Capital Market at the market open on May 22, 2026 under the existing ticker symbol “IPW.” GlobeNewswire reports.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

LAZR
Luminar Technologies
Q1 2026

After Market Close
Estimate: -0.350
Actual: N/A

ZDAI
DirectBooking Technology
H1 2026

Before Market Open
Estimate: N/A
Actual: N/A

ZEPP
Zepp Health
Q1 2026

After Market Close
Estimate: N/A
Actual: N/A

“The goal of the nonprofessional should not be to pick winners, but to own a cross-section of businesses.”

– John C. Bogle

Sourced in: The Little Book of Common Sense Investing – GoodReads.