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Wire

Robinhood Markets Says Trump Accounts App Available Ahead of July 4 Launch

Robinhood Markets (HOOD) said the official Trump Accounts app is now available for download ahead of the tax-advantaged investment accounts' July 4 launch.Eligible US children born from 2025 to 2028 will qualify for a $1,000 initial contribution from the Treasury Department, the company said Thursday in a statement.Family members and employers can collectively contribute up to $5,000 per year with money automatically invested in a default low-cost index fund, the company said.Account holders will assume control of the assets at age 18 subject to traditional individual retirement account rules, Robinhood said.The Trump Accounts app, available in Apple (AAPL) and Alphabet's Google (GOOG) app stores, was built in partnership with Bank of New York Mellon (BNY) and Robinhood, CNBC reported Thursday, citing a Treasury spokeswoman.Robinhood shares rose 9.1% in Thursday trading, and Bank of New York Mellon gained 0.7%.Price: $83.16, Change: $+6.93, Percent Change: +9.09%

$BNY$HOOD
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.Bitcoin (BTC-USD) fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%.In economic news, Redbook US same-store sales last week jumped 9% from a year earlier after an 8.1% gain in the prior week.The Dallas Federal Reserve's monthly general business services index improved to minus 7.7 in May from minus 9.9 in April, versus the expected minus 6.0.The Richmond Fed's monthly manufacturing index rose to 13 in May from 3 in April, more than the 4 estimate in a Bloomberg survey.In corporate news, JPMorgan Chase (JPM) CEO Jamie Dimon said Wednesday at a conference that the bank's expenses this year could be "closer" to $106 billion, or $1 billion higher than previously projected. Dimon also said that "there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something," referring to a potential M&A deal, according to a FactSet transcript. JPMorgan shares fell 2.6%.Carlyle (CG) introduced a middle-market aerospace, defense, and industrial investment platform focusing on deals in the US and Europe. Carlyle shares were fractionally higher.Pershing Square's (PS) proposed takeover plan for Universal Music Group should be rejected, Bollore Group, which owns a roughly 18% stake in the music company, said Wednesday. Pershing Square shares were up 0.9%.Robinhood (HOOD) is launching Agentic Trading and Agentic Credit Card, new tools that let users deploy AI agents to trade and make credit purchases on their behalf. Its shares rose 3.4%.

$CG$HOOD$JPM$PS
Sectors

Sector Update: Financial Stocks Decline Wednesday Afternoon

Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.8%.The Philadelphia Housing Index rose 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 0.1%.Bitcoin (BTC-USD) fell 1.6% to $74,905, and the yield for 10-year US Treasuries was little changed at 4.49%.In economic news, Redbook US same-store sales last week jumped 9% from a year earlier after an 8.1% gain in the prior week.The Dallas Federal Reserve's monthly general business services index improved to minus 7.7 in May from minus 9.9 in April, versus the expected minus 6.0.The Richmond Fed's monthly manufacturing index rose to 13 in May from 3 in April, more than the 4 estimate in a Bloomberg survey.In corporate news, JPMorgan Chase (JPM) CEO Jamie Dimon said at a conference that acquisition opportunities may emerge in the next couple of years. "We have great businesses and we want to continue to build them," Dimon said, according to a transcript. "But I do think there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something." JPMorgan shares fell 3%.Robinhood (HOOD) is launching Agentic Trading and Agentic Credit Card, new tools that let users deploy AI agents to trade and make credit purchases on their behalf. The shares rose 1.9%.Carlyle (CG) introduced a middle-market aerospace, defense, and industrial investment platform focusing on deals in the US and Europe. The shares rose 0.5%.

$CG$HOOD$JPM
Sectors

Sector Update: Financial Stocks Edge Higher Premarket Tuesday

Financial stocks were edging higher premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.1% lower.FinVolution (FINV) shares were up more than 5% after the company reported Q1 adjusted earnings and net revenue that exceeded analysts' expectations.Robinhood Markets (HOOD) has received Canadian Investment Regulatory Organization approval to acquire WonderFi Technologies under a statutory plan of arrangement, WonderFi said. Robinhood Markets stock was up more than 1% pre-bell.Mitsubishi UFJ Financial (MUFG) is exploring options for its majority stake in PT Bank Danamon Indonesia, Bloomberg reported, citing people with knowledge of the matter. Mitsubishi UFJ Financial shares were 0.1% higher premarket.

$FAS$FAZ$FINV$HOOD$MUFG$XLF
Insider Trading

Robinhood Markets Insider Sold Shares Worth $5,082,038, According to a Recent SEC Filing

Baiju Bhatt, Director, on May 20, 2026, sold 67,422 shares in Robinhood Markets (HOOD) for $5,082,038. Following the Form 4 filing with the SEC, Bhatt has control over a total of 2,778 Class A common shares of the company, with 2,778 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783879/000187091426000011/xslF345X05/wk-form4_1779483458.xml

$HOOD
Elon Musk's SpaceX Files for What Could be Largest IPO in History
US Markets

Elon Musk's SpaceX Files for What Could be Largest IPO in History

Space Exploration Technologies, widely known as SpaceX, has filed for an initial public offering in what could be the largest share listing ever.The rocket and satellite company, founded and led by Tesla (TSLA) Chief Executive Elon Musk, seeks to list its class A shares on the Nasdaq under the ticker SPCX, according to a preliminary prospectus filed with the US Securities and Exchange Commission on Wednesday.The filing did not provide details about a potential IPO size or the expected price range, but The Wall Street Journal reported that SpaceX could raise $80 billion or more as soon as next month. that would eclipse Saudi Aramco's blockbuster IPO in 2019.SpaceX intends to have a dual-class stock structure, with each class A share entitling the holder to a single vote. Class B shareholders will get 10 votes per share. Musk already owns 93.6% of class B shares, the filing showed.SpaceX estimates its quantifiable total addressable market at $28.5 trillion across AI-related markets, space-enabled solutions and connectivity services, according to the filing.The company, which operates satellite internet service provider Starlink, recently acquired artificial intelligence startup xAI.The filing showed SpaceX reported a net loss of $1.69 per share in 2025, compared with a breakeven point in 2024. Revenue increased 33% to $18.67 billion in 2025.AI capital expenditures totaled $12.73 billion in 2025 and $7.72 billion in the first quarter of 2026."The company looks to own more of the physical AI compute stack over time to lower the cost-per-token input for enterprise AI customers," Wedbush Securities said in a note.SpaceX plans to sell a portion of shares directly to retail investors through platforms including Charles Schwab (SCHW), E*TRADE by Morgan Stanley (MS) and Robinhood Markets' (HOOD) Robinhood Financial, according to the filing.Tesla and SpaceX are expected to merge next year, Wedbush analysts including Dan Ives wrote in the Wednesday note."Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla in some way to give the connected tissue between both disruptive tech stalwarts looking to lead the AI revolution," Ives said.Price: $420.26, Change: $+3.00, Percent Change: +0.72%

$HOOD$MS$SCHW$SPCX$TSLA
Wire

DBS Bank Adjusts Price Target on Robinhood Markets to $100 From $165

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $100.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $77.83, Change: $-1.22, Percent Change: -1.54%

$HOOD
Insider Trading

Robinhood Markets Insider Sold Shares Worth $768,908, According to a Recent SEC Filing

Daniel Martin Gallagher Jr, Chief Legal Officer, on May 04, 2026, sold 10,000 shares in Robinhood Markets (HOOD) for $768,908. Following the Form 4 filing with the SEC, Gallagher has control over a total of 432,849 Class A common shares of the company, with 432,849 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783879/000170556026000011/xslF345X05/wk-form4_1778099543.xml

$HOOD
Wire

Argus Adjusts Price Target on Robinhood Markets to $90 From $102

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $101.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $73.60, Change: $+2.40, Percent Change: +3.36%

$HOOD
Wire

Mizuho Adjusts Price Target on Robinhood Markets to $110 From $115

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $101.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $73.60, Change: $+2.40, Percent Change: +3.36%

$HOOD
Insider Trading

Robinhood Markets Insider Sold Shares Worth $489,687, According to a Recent SEC Filing

Jeffrey Tsvi Pinner, Chief Technology Officer, on April 27, 2026, sold 5,835 shares in Robinhood Markets (HOOD) for $489,687. Following the Form 4 filing with the SEC, Pinner has control over a total of 12,171 Class A common shares of the company, with 12,171 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783879/000204907726000013/xslF345X05/wk-form4_1777494653.xml

$HOOD
International

US Equity Markets Mixed as Crude Oil Surges, Fed Holds Rates Steady

US equity indexes were mixed on Wednesday after crude oil prices and government bond yields rose amid the increasing likelihood that the Strait of Hormuz will remain blocked and the Fed maintained interest rates unchanged.* President Donald Trump has instructed aides to prepare for an extended blockade of Iran, US officials told The Wall Street Journal.* The Federal Open Market Committee maintained its federal funds rate target at 3.50% to 3.75%, as expected, but four officials dissented, according to its statement Wednesday.* US March housing starts jumped almost 11% to a 1.502 million annual rate from a 1.356 million pace in February, above the 1.38 million rate expected in a Bloomberg-compiled survey.* June West Texas Intermediate crude oil rose $8.01 to settle at $107.94 per barrel, while June Brent crude, the global benchmark, was last seen up $8.69 at $119.95.* NXP Semiconductors (NXPI) shares were up roughly 25% after the company reported overnight higher Q1 non-GAAP earnings and revenue that beat analysts' forecasts in addition to setting higher-than-expected Q2 guidance.* Robinhood (HOOD) shares fell nearly 13% after it reported Q1 earnings and revenue that missed analysts' expectations.

Dow JonesNasdaq CompositeS&P 500$HOOD$NXPI
Sectors

Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was declining 1.4% to $75,268.8, and the yield for 10-year US Treasuries rose 6.2 basis points to 4.42%.In economic news, the Federal Open Market Committee maintained its federal funds rate target at 3.50% to 3.75%, as expected, but four officials dissented, its statement Wednesday afternoon showed.Federal Reserve Chair Jerome Powell said Wednesday at a press conference that he will remain on the Federal Reserve board for a period of time after his term as chair ends on May 15, noting the recent attacks on the Fed and saying that "the things that have happened really in the last three months I think left me no choice but to stay until I see them through at least that long."In corporate news, Blackstone (BX) is planning to integrate its growth business into a new West Coast-based unit that will focus on its AI portfolio and high-growth tech bets, Bloomberg reported, citing an internal company note. Blackstone shares were down 1.6%.PayPal (PYPL) Chief Executive Enrique Lores told managers this week that he is reorganizing the company to make Venmo its own standalone segment within PayPal, CNBC reported. PayPal shares rose 2.6%.Robinhood (HOOD) shares fell past 13% after it reported Q1 earnings and revenue that missed analysts' expectations.Visa (V) shares jumped more than 8% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.

$BX$HOOD$PYPL$V
Research

Research Alert: CFRA Keeps Buy Rating On Shares Of Robinhood Markets, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HOOD is trading down today (~13%) as investors weigh softer-than-anticipated transaction revenue against a newly announced $100M increase in the 2026 expense outlook. In our view, the mixed April trends, with booming equity volumes but stagnant crypto activity, were not enough to overcome concerns about near-term margin pressure from the increased spending. We lower our target by $17 to $93, representing 31.0x our 2028 EPS view vs. the peer average of 26.1x. We decrease our 2026 EPS estimate by $0.30 to $1.94, keep 2027's at $2.53, and decrease 2028's by $0.49 to $3.00. Our revenue and adj. EBITDA margin forecasts are $5.15B (+15%) and 52% in 2026, $6.19B (+20%) and 57% in 2027, and $6.90B (+11%) and 58% in 2028. On a positive note, HOOD secured the "Trump Accounts" opportunity, confirming our view that it was the ideal candidate to capture millions of future investors. This win, coupled with strong momentum in prediction markets and strategic international expansion, underpin a diversified long-term growth pipeline.

$HOOD
Sectors

Sector Update: Financial Stocks Edge Lower in Afternoon Trading

Financial stocks edged down in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.4%.Bitcoin (BTC-USD) was declining 0.5% to $75,931, and the yield for 10-year US Treasuries rose 4.8 basis points to 4.40%.In sector news, the US Senate Banking Committee on Wednesday voted 13-11 to advance Kevin Warsh's nomination as the next chair of the Federal Reserve, according to media reports. Warsh is on track to be confirmed by the full Senate before current Fed Chair Jerome Powell's term ends on May 15, the reports said.In corporate news, Robinhood (HOOD) shares fell past 13% after it reported Q1 earnings and revenue that missed analysts' expectations.Visa (V) shares jumped nearly 9% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.OppFi (OPFI) shares rose 1.8% after it has agreed to acquire BNCCORP and its wholly owned unit BNC National Bank in a cash-and-stock deal valued at about $130 million.

$HOOD$OPFI$V
Wire

Top Midday Stories: Visa Shares Rise After Strong Q2 Earnings, $20 Billion Buyback Program; Robinhood Misses Q1 EPS, Revenue Targets

The Dow Jones Industrial Average and the S&P 500 Index were down, while the Nasdaq Composite was roughly flat in late-morning trading Wednesday amid an ongoing blockade of Iranian ports by the US and ahead of the Federal Reserve's decision on interest rates in the afternoon.The US Senate Banking Committee on Wednesday voted 13-11 to advance Kevin Warsh's nomination as the next Fed chair, according to media reports.In company news, Visa (V) reported fiscal Q2 adjusted earnings late Tuesday of $3.31 per diluted share, up from $2.76 a year earlier and above the FactSet consensus analyst estimate of $3.10. Fiscal Q2 revenue was $11.23 billion, up from $9.59 billion a year ago and above the FactSet consensus of $10.75 billion. Visa said its board authorized a new $20 billion multi-year share buyback program in April. The company also said it has expanded its Agentic Ready program to clients in the Asia Pacific and Latin America regions to prepare the payment sector for AI agent-led commerce. Visa shares were up 8.6% around midday.Robinhood Markets (HOOD) reported Q1 earnings late Tuesday of $0.38 per diluted share, up from $0.37 a year earlier but below the FactSet consensus of $0.39. First-quarter revenue was $1.07 billion, up from $927 million a year earlier but below the FactSet consensus of $1.14 billion. The company said its board updated its share buyback authorization to $1.5 billion in March. Robinhood shares were down 13.3%.KalVista Pharmaceuticals (KALV) and Chiesi Group said Wednesday they have entered into a definitive agreement through which Chiesi will acquire KalVista for $27 per share in cash, or about $1.9 billion. The deal is expected to close in Q3, they said. KalVista shares were up 38.9%.NXP Semiconductors (NXPI) reported Q1 non-GAAP earnings late Tuesday of $3.05 per diluted share, up from $2.64 a year earlier and above the FactSet consensus of $2.98. First-quarter revenue was 43.18 billion, up from $2.84 billion a year ago and above the FactSet consensus of $3.16 billion. For Q2, the company said it expects non-GAAP EPS of $3.29 to $3.72 on revenue of $3.35 billion to $3.55 billion. Analysts polled by FactSet expect $3.21 and $3.28 billion, respectively. NXP shares were up 23.7%.Seagate Technology (STX) reported fiscal Q3 non-GAAP earnings late Tuesday of $4.10 per diluted share, up from $1.90 a year earlier and above the FactSet consensus of $3.51. Fiscal Q3 revenue was $3.11 billion, up from $2.16 billion a year ago and above the FactSet consensus of $2.96 billion. For fiscal Q4, the company said it expects non-GAAP EPS of $5.00, plus or minus $0.20, above the FactSet consensus of $3.99. Fiscal Q4 revenue is expected to be $3.45 billion, plus or minus $100 million, above the FactSet consensus of $3.16 billion. Seagate shares were up 14.2%.Price: $336.58, Change: $+27.28, Percent Change: +8.82%

$HOOD$KALV$NXPI$STX$V
Wire

JPMorgan Adjusts Price Target on Robinhood Markets to $89 From $92, Maintains Neutral Rating

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $102.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $72.33, Change: $-9.74, Percent Change: -11.87%

$HOOD
Wire

Compass Point Adjusts Price Target on Robinhood Markets to $107 From $108, Maintains Buy Rating

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $102.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $72.27, Change: $-9.80, Percent Change: -11.94%

$HOOD
Wire

KeyBanc Adjusts Price Target on Robinhood Markets to $100 From $110, Maintains Overweight Rating

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $102.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $72.21, Change: $-9.86, Percent Change: -12.01%

$HOOD
Sectors

Sector Update: Financial Stocks Advance Premarket Wednesday

Financial stocks were advancing premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.5%.UBS Group (UBS) shares were up 5% after the company posted higher Q1 earnings and revenue.Banco Santander (SAN) stock was up more than 1% after the company reported higher Q1 earnings and revenue.Robinhood Markets (HOOD) shares were down more than 12% after the company reported Q1 earnings and revenue that missed analysts' expectations.

$FAS$FAZ$HOOD$SAN$UBS$XLF

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