This morning's tape has two distinct stories running in parallel.

On the gainers side, it's a clean sweep for companies that delivered results or guidance that reset expectations upward: a game developer platform in turnaround, a construction firm with a blowout quarter, and a cable news network’s strong growth.

On the losers side, the pressure is coming from macro trades unwinding: Bitcoin's two-day slide is pulling down every crypto-adjacent equity in its path, and the memory chip selloff that began earlier this week is showing no signs of relief.

The themes are familiar at this point, but the magnitude keeps building.

Every modern rocket engine relies on extreme-performance materials. But there’s a limited global supply supporting a rapidly expanding space industry.

Read the full report to see why it matters… and which player might matter most.

Unity Software (U): +13%

Unity put out a preliminary first-quarter profitability update that came in well ahead of its own prior guidance. For a game development platform that has spent the better part of two years managing a painful turnaround, a beat on forward-looking profitability is a meaningful signal that the restructuring may be working.

Argan (AGX): +10.5%

The construction firm delivered a massive earnings beat, blowing past both profit and revenue expectations by a wide margin. When a company nearly doubles analyst profit estimates in a single quarter, the market notices.

Newsmax (NMAX): +5%

The conservative cable news network reported fourth-quarter revenue ahead of expectations and issued full-year guidance that topped estimates. The strong results are confirming that the network's distribution expansion is translating into actual growth.

Tripadvisor (TRIP): +4%

Bank of America upgraded the travel booking platform to buy from neutral, pointing to accelerating activist engagement. Activist involvement tends to focus minds on unlocking value, and the market is pricing in some version of that possibility today.

Coinbase (COIN): -3%

Bitcoin's two-day slide is accelerating, and Coinbase is taking the biggest hit among the crypto-adjacent equities. When the top crypto asset drops more than 6% in two sessions, the platform where most retail investors trade it doesn't get to dodge the damage.

Sandisk (SNDK): -3%

The memory trade keeps unwinding. Sandisk is leading the group lower Friday, extending a bruising stretch for flash storage names as investor enthusiasm for the memory cycle cools faster than expected.

Robinhood (HOOD): -2.5%

Robinhood is caught in the Bitcoin selloff. The platform's heavy retail crypto exposure makes it a direct proxy for sentiment in the digital asset space, and right now that sentiment is pointing down.

Every modern rocket engine relies on extreme-performance materials. But there’s a limited global supply supporting a rapidly expanding space industry.

Read the full report to see why it matters… and which player might matter most.

Palantir Technologies (PLTR)

Retail traders on r/wallstreetbets and Stocktwits are debating a familiar tension around Palantir this week: the company just landed two significant contract wins in rapid succession, yet the stock remains down roughly 12% year-to-date. Earlier this week, the Pentagon formally designated Palantir's Maven Smart System as a program of record on, locking it into the official defense budget with structured, recurring funding rather than year-to-year renewals. Days later, the UK's Financial Conduct Authority launched a three-month AI pilot using Palantir's Foundry platform to combat financial crime. The bulls say the contract pipeline is accelerating; the bears say the valuation, at well over 200 times trailing earnings, still leaves no room for error.

Q1 2026 earnings are scheduled for May 4, and traders seem to be watching whether this week's catalysts can hold the stock above support before then. Whether the contract momentum starts to close the gap between the narrative and the price action is the open question.

✌️That’s it for today.