Market Context — May 29, 2026
The big story this morning is Dell Technologies. The company reported Q1 FY2027 earnings after the bell on May 28 and absolutely crushed expectations. EPS came in at $4.86 against a $2.93 estimate, a 66% beat. AI-optimized server revenue hit $16.1 billion, up 757% year over year. The stock is gapping up over 30% at the open and pulling the broader AI infrastructure complex with it. This is the single largest earnings catalyst in the pre-market this morning.
On the downside, the space complex is selling off across the board. Bloomberg reported overnight that SpaceX is targeting a valuation of $1.8 trillion for its IPO, down from the $2 trillion-plus figure that had been circulating. That revision is taking ASTS, RKLB, LUNR, and RDW lower in sympathy. SentinelOne is also gapping down after reporting a revenue miss and announcing an 8% workforce reduction with cautious Q2 guidance.
There are also several small and micro-float runners on the gap up scanner this morning driven by acquisition news, biotech FDA developments, and quantum momentum. High-risk, high-volatility setups that require careful sizing.
Gap Up Scanner — 9 Tickers
The gap up scanner this morning is led by a micro-float energy data center play gapping over 100% on an acquisition announcement, followed by a China ADR with an extremely thin float, a biotech name with ongoing FDA catalyst news, Dell Technologies on a massive AI server earnings beat, a micro-float mask company, a quantum computing name, a drone defense momentum play continuing from yesterday, and two additional small caps with elevated volume pre-market.
Gap Down Scanner — 10 Tickers
The gap down scanner is dominated by the space complex. Four names in the space and defense sector are pulling back together on the SpaceX IPO valuation revision. SentinelOne is the largest single-name gap down on earnings, with a revenue miss and layoffs announced. Several additional names in drone tech, automation software, and infrastructure are trading lower in sympathy with the broader risk-off tone in growth sectors.
Upgrade to See the Full Watch List
Premium members get the complete breakdown below: every ticker, the catalyst, float size, ATR, and the key price levels to watch at the open. If you are not a premium member yet, upgrade now for $10.99/month to get this watch list every morning before 9am.
Subscribe to Default to read the rest.
Become a paying subscriber of Default to get access to this post and other subscriber-only content.
Upgrade