Wall St Engine
RT @elonmusk: Starship made it to the scheduled ship engine cutoff, so big improvement over last flight! Also, no significant loss of heat shield tiles during ascent.
Leaks caused loss of main tank pressure during the coast and re-entry phase. Lot of good data to review.
Launch cadence for next 3 flights will be faster, at approximately 1 every 3 to 4 weeks.
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RT @elonmusk: Starship made it to the scheduled ship engine cutoff, so big improvement over last flight! Also, no significant loss of heat shield tiles during ascent.
Leaks caused loss of main tank pressure during the coast and re-entry phase. Lot of good data to review.
Launch cadence for next 3 flights will be faster, at approximately 1 every 3 to 4 weeks.
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Wall St Engine
Today's Key Events (All EST) — 05/28/2025
04:00: Fed's Kashkari
07:00: US MBA Mortgage Applications
08:55: US Redbook YoY
10:00: Richmond Fed Comp. Index
13:00: US 5-Year Note Auction
14:00: FOMC Meeting Minutes
Before Open 👇
05:45: $VNET
06:45: Capri Holdings $CPRI
06:55: Macy's $M
07:00: DICK'S Sporting Goods $DKS
07:00: Photronics $PLAB
07:30: Abercrombie & Fitch $ANF
07:30: $MNRO
Before Open: Columbus McKinnon $CMCO
After Hours 👇
04:00: Salesforce $CRM
04:00: Nutanix $NTNX
04:05: $AI
04:05: e.l.f. Beauty $ELF
04:05: Pure Storage $PSTG
04:05: SentinelOne $S
04:05: Veeva Systems $VEEV
04:05: Agilent Technologies $A
04:05: Synopsys $SNPS
04:10: U-Haul Holding $UHAL
04:15: HP $HPQ
04:20: NVIDIA $NVDA
05:00: Noah Holdings $NOAH
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Today's Key Events (All EST) — 05/28/2025
04:00: Fed's Kashkari
07:00: US MBA Mortgage Applications
08:55: US Redbook YoY
10:00: Richmond Fed Comp. Index
13:00: US 5-Year Note Auction
14:00: FOMC Meeting Minutes
Before Open 👇
05:45: $VNET
06:45: Capri Holdings $CPRI
06:55: Macy's $M
07:00: DICK'S Sporting Goods $DKS
07:00: Photronics $PLAB
07:30: Abercrombie & Fitch $ANF
07:30: $MNRO
Before Open: Columbus McKinnon $CMCO
After Hours 👇
04:00: Salesforce $CRM
04:00: Nutanix $NTNX
04:05: $AI
04:05: e.l.f. Beauty $ELF
04:05: Pure Storage $PSTG
04:05: SentinelOne $S
04:05: Veeva Systems $VEEV
04:05: Agilent Technologies $A
04:05: Synopsys $SNPS
04:10: U-Haul Holding $UHAL
04:15: HP $HPQ
04:20: NVIDIA $NVDA
05:00: Noah Holdings $NOAH
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Wall St Engine
Japan is reportedly planning to subsidize up to ¥1 trillion ($6.94B) in U.S. chip imports from firms like Nvidia, part of trade talks aimed at narrowing the U.S.'s ¥10T deficit with Japan. Asahi says the move would support domestic buyers and ease tariff tensions ahead of Akazawa’s May 30 U.S. visit.
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Japan is reportedly planning to subsidize up to ¥1 trillion ($6.94B) in U.S. chip imports from firms like Nvidia, part of trade talks aimed at narrowing the U.S.'s ¥10T deficit with Japan. Asahi says the move would support domestic buyers and ease tariff tensions ahead of Akazawa’s May 30 U.S. visit.
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Wall St Engine
Getty $GETY Images CEO told CNBC they’re spending “millions and millions” battling Stability AI in court over claims it copied 12M images without permission to train Stable Diffusion. Peters says it’s about fighting unfair competition, not innovation. First trial on liability starts June 9.
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Getty $GETY Images CEO told CNBC they’re spending “millions and millions” battling Stability AI in court over claims it copied 12M images without permission to train Stable Diffusion. Peters says it’s about fighting unfair competition, not innovation. First trial on liability starts June 9.
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Offshore
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Wall St Engine
OpenAI may roll out a “SIGN IN WITH CHATGPT” option for third-party apps, per a new developer page. https://t.co/D1vdZc91qA
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OpenAI may roll out a “SIGN IN WITH CHATGPT” option for third-party apps, per a new developer page. https://t.co/D1vdZc91qA
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Offshore
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Wall St Engine
Toyota just became $JOBY Aviation’s biggest shareholder with a 15.3% stake after investing $250M—the first half of a $500M commitment. The move brings Toyota’s total funding in the eVTOL maker to $894M, as Joby targets commercial air taxi service in Dubai by early 2026. - BBG https://t.co/RVRdGZ9rpI
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Toyota just became $JOBY Aviation’s biggest shareholder with a 15.3% stake after investing $250M—the first half of a $500M commitment. The move brings Toyota’s total funding in the eVTOL maker to $894M, as Joby targets commercial air taxi service in Dubai by early 2026. - BBG https://t.co/RVRdGZ9rpI
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Wall St Engine
Stifel Maintains Buy Rating on $OKTA, Raises PT to $130 from $120
Analyst comments: "Okta delivered a solid F1Q26 print, with all key metrics above guidance and/or Stifel/street estimates. That said, shares traded off 12%+ in after-hours given the cRPO beat (cRPO grew 14%-Y/Y, above guidance of 12%-Y/Y) was below some whisper numbers (we heard 15%-16% Y/Y), along with the fact that F2Q26 cRPO guidance was modestly below consensus (but in line with our forecast), as well as higher short interest and strong YTD performance (+59% YTD vs. Nasdaq [-0.6%]). In terms of fundamentals, there were a number of bright spots including: 1) early signs that Okta's GTM changes are progressing, 2) improving Auth0 and new logo traction, and 3) continued momentum across newer products, etc. Regarding the macro/guidance, management notes of no impacts in the April quarter (and early May), but is baking in additional conservatism to guidance (e.g., FY26 top-line guidance was reaffirmed; profitability goes higher but by less than the beat)."
Analyst: Adam Borg
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Stifel Maintains Buy Rating on $OKTA, Raises PT to $130 from $120
Analyst comments: "Okta delivered a solid F1Q26 print, with all key metrics above guidance and/or Stifel/street estimates. That said, shares traded off 12%+ in after-hours given the cRPO beat (cRPO grew 14%-Y/Y, above guidance of 12%-Y/Y) was below some whisper numbers (we heard 15%-16% Y/Y), along with the fact that F2Q26 cRPO guidance was modestly below consensus (but in line with our forecast), as well as higher short interest and strong YTD performance (+59% YTD vs. Nasdaq [-0.6%]). In terms of fundamentals, there were a number of bright spots including: 1) early signs that Okta's GTM changes are progressing, 2) improving Auth0 and new logo traction, and 3) continued momentum across newer products, etc. Regarding the macro/guidance, management notes of no impacts in the April quarter (and early May), but is baking in additional conservatism to guidance (e.g., FY26 top-line guidance was reaffirmed; profitability goes higher but by less than the beat)."
Analyst: Adam Borg
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Wall St Engine
TSMC & ASE are facing growing shortages of key AI packaging materials, per local reports. Japanese suppliers like Asahi Kasei & Mitsubishi Gas are struggling to keep up with surging demand. Asahi is tightening PSPI supply, while BT resin delays now stretch 4–5 months. (@dnystedt)
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TSMC & ASE are facing growing shortages of key AI packaging materials, per local reports. Japanese suppliers like Asahi Kasei & Mitsubishi Gas are struggling to keep up with surging demand. Asahi is tightening PSPI supply, while BT resin delays now stretch 4–5 months. (@dnystedt)
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Offshore
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Wall St Engine
Robinhood $HOOD is rolling out its desktop trading platform, Robinhood Legend, to UK users starting Wednesday. https://t.co/VaBn7jZakL
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Robinhood $HOOD is rolling out its desktop trading platform, Robinhood Legend, to UK users starting Wednesday. https://t.co/VaBn7jZakL
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Wall St Engine
Vail Resorts $MTN CEO Kirsten Lynch has stepped down, with Executive Chair Rob Katz returning as chief executive. Katz, who led the company from 2006 to 2021, takes over as skier visits dip 3.1% YTD. Vail reaffirmed its FY25 EBITDA outlook, expecting results in the lower half of its March forecast.
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Vail Resorts $MTN CEO Kirsten Lynch has stepped down, with Executive Chair Rob Katz returning as chief executive. Katz, who led the company from 2006 to 2021, takes over as skier visits dip 3.1% YTD. Vail reaffirmed its FY25 EBITDA outlook, expecting results in the lower half of its March forecast.
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