May 5, 2026

Markets:

U.S. stock futures were higher on Tuesday, while oil prices slid as traders reacted to a number of solid earnings results.

Crude prices declined across the board, giving equity futures a boost. West Texas Intermediate crude futures dipped 2% to around $104 per barrel. Brent crude futures lost 1% to trade at above $112 a barrel.

Stocks fell on Monday after the United Arab Emirates said on Monday that Iran launched drones and missiles against it, putting an already fragile ceasefire between the U.S. and Iran on even shakier ground.

The U.S. reportedly said that it had sunk Iranian boats in the Strait of Hormuz. Admiral Brad Cooper, who leads U.S. Central Command, said on Monday afternoon that American forces had eliminated six small Iranian boats that were attempting to interfere with commercial shipping, Reuters reported. However, Iranian state media denied that the boats had been sunk.

The news sent oil prices rose in Monday’s session, weighing on stocks.

Portfolio:

We enter this beautiful Tuesday loaded and ready. AMD reports tonight!
 
We hold positions in NOK. SOUN, ONDS, and AMPX. Some of these will be unloading in the coming days. The pipeline is absolutely loaded.
 
QQQ wants 680. Support sitting around 675. Hold 675 and we run. Lose it and we re-enter at the next zone. Either way, we trade what the tape gives us.
 
Let me remind everyone what's happening right now. The AI revolution isn't a story. It's a buildout. $725 billion in capex this year alone from the Mag 7. 
Earnings beating at 84%. Margins expanding. Free cash flow exploding. Hyperscaler demand outrunning supply.
 
Eleven straight quarters of accelerating revenue at PLTR. Eighty five percent year over year growth last night. That's not hype. That's compounding.
 
The crowd has been calling tops every week of 2026. Every week they've been wrong. We are still in a secular bull market with plenty of runway left. 
Don't fight the trend. Don't fight the buildout. Don't fight the math.
 
Here's what we know after 25 years of running this service. When the system fires, you don't argue with it. 
 
The AI ecosystem is where real opportunity lives right now and it's exactly why we've been focused on this group for the last 2 years. The buildout is expanding. 
Optical networking. Power infrastructure. Compute. Storage. Memory. Cooling. Every layer is a trade.
 
We absolutely cannot wait to lead our community over the next few years for the next sector plays. The move is just beginning.
 
Let's go to work. Let's have a monster day.