sarah-lin | Market Analyst & Market Analyst | Edgen

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Shake Shack cut its fiscal 2026 guidance across all major metrics, sending shares down as much as 10% on macroeconomic uncertainty and rising beef costs.

Shake Shack cuts FY2026 guidance by up to $9M as costs pressure margins

**Key Takeaways:** - Shake Shack cut Q2 revenue guidance to $415M-$420M from $424M-$428M. - Same-shack sales growth forecast lowered to 2.5%-3.0% from 3.0%-5.0%. - Shares fell as much as 10% after the company cited rising beef costs and competition.

Goldman Sachs and Citigroup raised their targets for Japanese stocks, forecasting the Topix could climb more than 10% on earnings momentum and record shareholder returns.

Goldman Sachs and Citigroup raise Japan stock targets by 11%

**Key Takeaways:** - Goldman Sachs raised its 12-month Topix target to 4,400, implying about 11% upside - Citigroup set a Topix target of 4,500 and sees the Nikkei 225 breaking 70,000 by year-end - Foreign investors poured 16 trillion yen into Japanese equities since April 2025

Accenture (ACN) shares declined 5.27% in a single trading session on June 2, 2026, closing at $186.22 per share.

Accenture falls 5.3% to $186 as consulting stocks slide

**Key Takeaways:** - Accenture shares fell 5.3% to $186.22 on June 2 - The stock dropped from a prior close of $196.58 - The decline may signal concerns about consulting sector demand

CrowdStrike Holdings reports Q1 FY2027 earnings on June 3 as Wedbush analyst Dan Ives says AI is accelerating corporate cybersecurity spending.

CrowdStrike heads into Q1 earnings as AI fuels cybersecurity demand

**Key Takeaways:** - CrowdStrike reports Q1 FY2027 results after market close Wednesday - Wedbush's Dan Ives says AI is accelerating corporate cybersecurity spending - The report comes as AI drives demand for threat detection solutions

Nike shares fell 4.8% to $43.73 on Tuesday, extending a 28% year-to-date decline ahead of its June 30 earnings report.

Nike drops 4.8% to $43.73 as earnings loom on June 30

**Key Takeaways:** - Nike shares fell 4.8% to $43.73 on Tuesday - Earnings due June 30 with EPS consensus of 14 cents - Stock down 28% year to date and 66% over five years

Ulta Beauty reported Q1 fiscal 2026 earnings of $7.74 per share, beating the $6.91 consensus estimate, with revenue rising 11.1% to $3.16 billion.

Ulta Beauty beats Q1 estimates as same-store sales rise 5.3%

**Key Takeaways:** - Revenue rose 11.1% to $3.16 billion, topping estimates - EPS of $7.74 beat consensus by 12% - Same-store sales grew 5.3%, accelerating from 2.9% a year ago

Palo Alto Networks raised its annual revenue and profit forecast after reporting Q3 results that beat Wall Street estimates, driven by surging demand for AI-driven cybersecurity products.

Palo Alto Networks raises forecasts as AI cybersecurity demand surges

**Key Takeaways:** - Palo Alto Networks raised FY2026 revenue and profit guidance after a Q3 beat - Revenue hit $3 billion, up 31% year over year, topping consensus by 2% - Shares rose 7.4% in extended trading as AI cybersecurity demand accelerated

GameStop reported quarterly earnings and a $2 billion share buyback plan, sending shares up 12% in after-hours trading.

GameStop surges 12% after hours on earnings and $2B buyback plan

**Key Takeaways:** - GameStop reported quarterly earnings after the June 3 close - The company announced a $2 billion share repurchase program - Shares surged 12% in extended trading

Wedbush Securities analyst Dan Ives says markets are mispricing Microsoft's stock, speaking on CNBC's Closing Bell as the company's Build 2026 conference kicks off.

Wedbush's Dan Ives says Microsoft stock is mispriced as Build 2026 kicks off

**Key Takeaways:** - Wedbush's Dan Ives says markets are mispricing Microsoft's stock - Ives made the call as Microsoft's Build 2026 conference kicked off in San Francisco - The analyst sees AI monetization as undervalued by the market

US stocks edged higher on June 2 as semiconductor ETF surged 4% while telecom sector slumped 2.6%, extending the S&P 500 to a fresh record.

S&P 500 hits record as semiconductor ETF surges 4%, telecom lags

**Key Takeaways:** - Semiconductor ETF surged 4%, leading all US sector ETFs on Tuesday - S&P 500 Telecom sector fell 2.6% as Trade Desk and Alphabet slumped - S&P 500 rose 0.1% to 7,609.78, extending its record run

GBP/USD rose on June 2, 2026, as a decline in oil prices offset the dollar-supportive impact of resilient US jobs data.

GBP/USD gains as softer oil offsets resilient US jobs data

**Key Takeaways:** - GBP/USD rose Tuesday as lower oil prices offset strong US jobs data - Resilient US labor data supports the dollar while softer crude benefits sterling - The conflicting signals may keep the pair range-bound until the next catalyst

The S&P 500 rose for a ninth straight session on June 2, 2026, but negative breadth for six consecutive days signals a historically rare divergence between headline gains and market participation.

S&P 500 extends winning streak to 9 days as breadth narrows

**The S&P 500's nine-day winning streak masks a rare divergence: more stocks are falling than rising, a pattern never seen in three decades of data.**

C3.ai is set to report Q4 fiscal 2026 earnings on June 2 as enterprise AI demand faces a test against sales-execution challenges.

C3.ai to report Q4 earnings June 2 as enterprise AI demand grows

**Key Takeaways:** - C3.ai reports Q4 fiscal 2026 results on or around June 2. - Enterprise, generative and agentic AI demand likely boosted revenue. - Sales-execution issues may keep revenue growth under pressure.

Planet Labs is set to report Q1 fiscal 2026 earnings on June 4 with an estimated $89.8 million in revenue as its stock trades near a 52-week high.

Planet Labs to report Q1 revenue of $89.8M near 52-week high

**Key Takeaways:** - Planet Labs reports Q1 earnings June 4 with $89.8M revenue estimate - Stock trades near $51.13 52-week high, up from $3.66 a year ago - Wall Street consensus is Hold with a $30.61 mean price target

Welltower Inc. raised its quarterly dividend 15% to $0.85 per share, citing strong cash flow generation and a low payout ratio.

Welltower hikes dividend 15% to $0.85 as cash flow strengthens

Welltower raised its quarterly dividend 15% to 85 cents a share, citing strong cash flow and a low payout ratio. The increase takes effect from Q2 2026 subject to board approval. The healthcare REIT's move signals confidence in future cash flow generation.

Planet Labs shares climbed 9% to an all-time high ahead of its Q1 FY2027 earnings report due after the close on Thursday, June 4.

Planet Labs hits record high 9% ahead of earnings on June 4

**Key Takeaways:** - PL stock rose 9% to a record $50.50 on Tuesday - Q1 FY2027 earnings due after Thursday's close - Revenue guided at $87M-$91M, implying 31-37% YoY growth

Greenwich LifeSciences reported a Q4 2025 loss of $0.58 per share, missing the $0.33 consensus estimate, as the pre-revenue biotech advances its GP2 breast cancer vaccine trial.

Greenwich LifeSciences posts $0.58 Q4 loss, wider than $0.33 estimate

**Key Takeaways:** - Greenwich LifeSciences posted a Q4 loss of $0.58 per share - The result missed the $0.33 consensus estimate by $0.25 - The pre-revenue biotech advances its breast cancer vaccine candidate

Bridgford Foods reported Q2 FY2026 revenue of $50.04 million and an EPS loss of $0.54, with no consensus estimates disclosed.

Bridgford Foods posts $50M Q2 revenue with EPS loss of $0.54

**Key Takeaways:** - Bridgford Foods reported Q2 revenue of $50.04 million - EPS swung to a loss of $0.54 per share - The company did not disclose consensus estimates or guidance

Caterpillar shares surged 51% YTD after Q1 revenue rose 22% to $17.4 billion, driven by a record backlog and data center power demand.

Caterpillar gains 51% YTD as record backlog fuels earnings momentum

**Key Takeaways:** - Caterpillar posted Q1 revenue of $17.4 billion, up 22% year over year - Adjusted EPS rose 30.4% to $5.54, accelerating from Q4 2025's 0.4% gain - The company raised its 2026 revenue growth forecast to low double digits from about 7%

Global equities rose 4.8% in May 2026, pushing year-to-date gains past 10%, as first-quarter earnings growth of 22% fueled a broadening rally beyond technology shares.

Global stocks surge 5% in May as market breadth broadens beyond tech

**Global equities added nearly 5% in May, extending 2026 gains past 10% as the rally broadened beyond megacap technology shares.**

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