Thursday delivered a record Dow, a near-record S&P 500, and a bruising day for some of the world's biggest tech companies.
Apple reports after the close tonight, and today’s close has everything you need before that number drops.
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One CFO Sold Twice. Another Leadership Team Kept Hitting Sell.
A healthcare CFO sold a combined $1.0 million worth of stock across two sessions, while the CEO, COO, and Chief Risk Officer at an insurer unloaded more than $11.1 million combined in just three days. This kind of activity can lead to big moves, but you’ll only know about it if you’re an Elite Trade Club Insider.
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Markets
Thursday’s session split markets. Industrials and healthcare lifted the Dow to a record while tech lagged after Meta raised AI spending guidance, sending shares down 9%, and Microsoft projected heavy 2026 capex, pulling its stock lower.
Caterpillar led with a strong earnings beat, driving shares up 10%. GDP came in at 2%, below expectations, while PCE inflation remained elevated, keeping rate cuts on hold. Oil eased to around $105 on Iran headlines, and Alphabet jumped 8% on strong cloud growth, countering capex concerns.
DJIA [+1.62%]
S&P 500 [+1.02%]
Nasdaq [+0.70%]
Russell 2000 [+2.09%]
Market-Moving News
Business Strategy
Google Just Hit a Breakout Moment With Its Cloud Business
Google (NASDAQ: GOOGL) just delivered a major shift in its business momentum. Its cloud division posted its strongest growth yet, outperforming key rivals and becoming a primary driver of the company’s overall expansion.
The change is meaningful because the cloud is no longer a supporting piece. It is now a core part of how Google grows and competes at scale.
Cloud Is Now Central
Google’s cloud business has moved into a leadership position in terms of growth. Enterprise demand is rising, and more companies are choosing Google’s platform for their operations and workloads.
That shift strengthens Google’s overall position. You get a company that is no longer dependent on a single business line, but supported by multiple engines working together.
A Clear Business Reset
Google is translating years of investment into real commercial traction. What was once viewed as potential is now showing up as actual business performance, which changes how the company is evaluated.
This also brings stability. Your takeaway is that Google’s growth is becoming more balanced, with cloud now playing a much larger role alongside its traditional strengths.
With cloud gaining momentum, Google is positioned to compete more aggressively across enterprise markets. That opens the door for deeper relationships with large customers and broader expansion across industries.
Transportation
Hertz Is Reinventing Its Role in a Changing Industry
Hertz (NASDAQ: HTZ) just made a move that goes far beyond traditional car rentals. The company has partnered with Uber to support the rollout of autonomous vehicles, taking on responsibility for managing fleets tied to both driver-based and robotaxi operations.
The role is different from what Hertz has historically done. Instead of simply renting cars, it is now handling operations, maintenance, and logistics for next-generation mobility systems.
A New Role Is Emerging
Hertz is stepping into a space where transportation meets infrastructure. Managing fleets for autonomous vehicles positions the company as a behind-the-scenes operator rather than just a consumer-facing brand.
You start to view Hertz less as a rental company and more as a service provider within a much larger ecosystem. That shift opens new opportunities. It connects the business to long-term trends rather than relying solely on short-term rental demand.
From Rentals to Platform Support
The partnership shows how Hertz is adapting to industry change. As mobility evolves, companies that manage vehicles at scale become increasingly valuable, especially when those vehicles operate continuously in networked systems.
The direction is now set. Hertz is taking on similar roles in other partnerships because once a company establishes itself at a new level of the industry, it tends to expand outward from there.
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Aviation
Boeing Is Regaining Ground Where It Matters
Boeing (NYSE: BA) just secured a major aircraft deal with Bangladesh, marking a clear win in a competitive global market. The agreement covers 14 aircraft for the country’s national carrier and ends a long-running contest with Airbus.
The shift stands out because it reflects both commercial and geopolitical alignment. Orders like this shape long-term relationships and influence future fleet decisions across regions.
A Strategic Win in a Growing Market
South Asia is becoming an important aviation market as travel demand expands. Securing a national carrier order positions Boeing at the center of that growth, with aircraft deliveries spanning multiple years. You now have Boeing building deeper ties in a region where fleet expansion is accelerating.
Winning against Airbus carries weight beyond a single deal. It signals that Boeing remains competitive in markets where both companies are actively pushing for dominance. Reversing a previous direction in Boeing’s favor reinforces confidence in its offerings.
What This Sets Up for Boeing
Aircraft deals are not isolated events. They lead to long-term service contracts, maintenance relationships, and potential follow-on orders as fleets expand. That extends the value of each agreement well beyond the initial purchase.
The direction is becoming more defined. You step into a view of Boeing as a company strengthening its international footprint, with each win adding to a broader recovery story.
Top Winners and Losers
Bandwidth [BAND] $36.81 (+52.11%)
Bandwidth reported Q1 revenue of $209 million, up 20% year-over-year, beating the $201.5 million estimate, with EPS of $0.38, crushing the $0.29 consensus by 31%.
Salesforce selected Bandwidth to power Agentforce Contact Center, and the company raised its full-year revenue guidance to $880-900 million. The stock is up 95% in the past year, and this quarter confirms AI voice traffic is moving from pilot into full production.
Everspin Technologies [MRAM] $18.28 (+38.59%)
Everspin announced a $40 million U.S. defense subcontract to provide Toggle MRAM process technology and engineering services to domestic defense industrial customers. Q2 revenue guidance of $15.5-16.5 million came in above the $14.7 million estimate.
The defense contract, combined with rising data center demand for MRAM, is building a multi-year revenue case for a company with $40.5 million in cash and minimal debt.
NovoCure [NVCR] $15.21 (+27.49%)
NovoCure beat Q1 revenue estimates and raised its full-year 2026 sales guidance with the midpoint above the analyst consensus, confirming that its Tumor Treating Fields technology is gaining traction across multiple cancer indications.
The $1.73 billion Buy-rated company’s Optune platform continues to expand its reimbursement coverage, and today’s volume at 3.45x average reflects institutional conviction behind the updated guidance.
NCS Multistage [NCSM] $54.67 (-28.07%)
NCS Multistage reported Q1 revenue of $45.6 million, down 8.7% year-over-year and missing the $51.2 million estimate, with EPS of -$0.14 against a $1.33 consensus. Canadian customer deferrals and international project delays drove the miss.
The stock was trading near its 52-week high before the print, so the valuation had no cushion for a reset of this magnitude.
Option Care Health [OPCH] $20.33 (-24.34%)
Option Care Health reported Q1 revenue of $1.35 billion, missing the $1.40 billion estimate by 3.3%, and cut its full-year revenue guidance to $5.73 billion from $5.9 billion.
The chronic inflammatory disease portfolio is shrinking due to biosimilar competition, and the guidance cut on a $3 billion Buy-rated company with no path to near-term reacceleration is a structural problem, not a one-quarter miss.
Check Point Software [CHKP] $112.47 (-19.64%)
Check Point reported Q1 revenue of $668 million, up just 5% year-over-year and below analyst estimates, as product revenue declined due to go-to-market strategy changes.
Non-GAAP EPS of $2.50 beat estimates, but the $12 billion Buy-rated company’s revenue deceleration in a cybersecurity market growing 15% annually is a competitive share concern that the EPS beat does not offset.
Poll: When a company you own is in the news for all the wrong reasons, what do you do?
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Everything Else
📈 Seven IPO prospects vetted by serious gray market capital are positioned at the front of the 2026 calendar, and our analysts followed the paper trail to name them.
📈 U.S. stocks moved higher as earnings from major companies helped support the market, keeping sentiment steady despite broader uncertainty.
💼 U.S. labor costs rose in the first quarter as higher benefits pushed compensation up, keeping wage pressure in focus even as broader inflation debates continue.
🏠 Mortgage rates ticked up again, with the 30-year fixed hitting 6.30%, showing how borrowing costs are still holding firm even as markets look for relief.
💊 The Food and Drug Administration is moving to block bulk compounding of weight-loss drugs from Novo Nordisk and Eli Lilly, tightening control over supply as demand for these treatments keeps surging.
🚀 Blue Owl Capital sold roughly half its SpaceX stake at a $1.25 trillion valuation, underscoring just how aggressively private market pricing has moved.
That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
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— Adam G.
Elite Trade Club
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