Dow, S&P 500, Nasdaq futures surge on news of two-week US-Iran ceasefire

✈️ Delta beats on Q1 earnings, maintains guidance despite fuel spike, TSA headwinds

Delta Air Lines posted upbeat first quarter results Tuesday morning, saying growth in the premium business will continue to deflect major concerns such as fuel costs and the ongoing government shutdown affecting TSA workers.

For the quarter, Delta posted Q1 adjusted revenue of $14.2 billion versus $14.11 billion expected, per Bloomberg consensus.

The results were up 9.4% compared to a year ago, slightly above new guidance issued in March, which saw approximately 7% to 9% growth.

Delta’s adjusted earnings per share came in at $0.64 versus the $0.57 expected, with operating income of $652 million and an operating margin of 4.6%. Yahoo Finance reports.


👖 Why Levi Strauss shares are trading higher by around 10%

Shares of Levi Strauss & Co. rose sharply in pre-market trading as the company reported better-than-expected financial results for the first quarter of 2026 after the market closed on Tuesday.

Levi Strauss raised its full-year 2026 revenue guidance from a range of $6.60 billion to $6.66 billion to a new range of $6.63 billion to $6.69 billion, versus estimates of $6.64 billion.

The company also raised its full-year adjusted earnings guidance from a range of $1.40 to $1.46 per share to a new range of $1.42 to $1.48 per share, versus estimates of $1.47 per share.

Levi Strauss shares jumped 9.9% to $21.67 in pre-market trading. Benzinga reports.


👖 Levi’s boosts its sales outlook, defying concerns about the impact of the Iran conflict

Shares of Levi Strauss climbed in after-hours trading Tuesday, after the jeans maker raised its sales and profit outlook despite concerns about surging gas prices and the Iran war, citing its efforts to offer a wider array of denim gear and to sell more directly to consumers.

The company also said that it had started a search for a successor to CFO Harmit Singh, who plans to retire after 13 years in the role.

Singh will stay on at Levi Strauss until it finds his replacement. MarketWatch reports.


🚗 Avis Budget stock soars 160% in violent short squeeze melt-up

Avis Budget Group Inc., the parent of Avis and Budget rental car brands, is in the middle of a violent short-squeeze rally that has sent its stock to record territory despite deeply challenged fundamentals.

Avis shares traded around $250 on Tuesday, up roughly 19% on the day and 160% over the past month, with volume several times its daily average as traders pile into the move.

The surge is being driven primarily by technicals rather than an earnings turnaround.

Short interest in Avis is very high at 48.28%, per Benzinga Pro data, creating ample fuel for a squeeze as the stock breaks out to new highs. DayTraders reports.


📚 Why did Skillsoft stock surge after hours?

Skillsoft Corp shares surged 26.98% to $5.60 in after-hours trading on Tuesday after the company reported fourth-quarter fiscal 2026 results with earnings per share beating estimates by 10.53% and revenue beating by 0.39%.

The results were announced for the period ended Jan. 31.

Skillsoft beat analyst expectations in the fourth quarter, reporting earnings per share of $1.26, above the estimated $1.14, a 10.5% beat.

Revenue also topped forecasts by 0.4%.

Talent Development Solutions, Skillsoft's main unit for enterprise digital learning, generated steady revenue of $103 million in the fourth quarter. DayTraders reports.

Time (ET)/ Report/ Period

1:05 PM - San Francisco President Mary Daly speaks - N/A
2:00 PM - Minutes of Fed's May FOMC meeting - N/A

“The desire to perform all the time is usually a barrier to performing over time.”

– Robert Olstein

Sourced in: Olstein Capital Management insights — MasterInvest.

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