5 Things to Watch on
May 29, 2026

Stocks are up modestly in premarket trading as investors await an official update on U.S.-Iran negotiations. Since Trump signaled last week that talks are in their "final stages," markets have been broadly upbeat, with the S&P 500 and Nasdaq logging record highs three days in a row. A ceasefire extension deal is reportedly on Trump's desk, though no official confirmation has emerged.

Dell Technologies (DELL) is up +35% in premarket trading after a blowout fiscal Q1, with revenue surging +88% YoY and EPS beating handily on stronger-than-expected margins. Management raised the full-year AI revenue outlook to $60B, implying +144% YoY growth, as demand continues to outpace supply through year-end. Analysts called it one of the strongest hardware quarters in recent memory, with firms across the Street lifting price targets sharply and citing DELL's execution and margin gains as setting it apart from IT hardware peers.

Costco Wholesale (COST) is down -0.9% in premarket trading despite a standout FQ3, with comparable sales rising +9.8% against a +7.8% estimate on broad strength across U.S., Canadian, and international markets. CEO Vachris confirmed the company plans to return tariff refunds to members in some form, having begun submitting IEEPA claims through U.S. Customs, with rolling payments expected over the coming months. Timing and amount depend on approvals received and the outcome of a related lawsuit.

Uber Technologies (UBER) is rolling out Uber Shuttle for FIFA World Cup fans, offering stadium rides starting at $45, undercutting parking fees as high as $200 and mass transit fares around $100. The service launches across New York/New Jersey, Miami, Dallas, and Boston, with round-trip rides available in Miami and a 14-seat van option for larger groups in select cities. With millions of visitors expected this summer, UBER sees the World Cup as a meaningful opportunity to grow ridership and extend its lead over rivals.

Tesla (TSLA) has just 42 authorized robotaxis in Texas, less than one-tenth the 577 registered to Alphabet's (GOOGL) Waymo, per state DMV filings published under a new Texas law tightening commercial self-driving oversight. TSLA also trails Nebius (NBIS)-owned Avride at 317 vehicles and Nuro at 47, though it holds a narrow edge over Amazon's (AMZN) Zoox at 35. TSLA's service remains limited to select areas of Austin, Dallas, and Houston, where Waymo has been operating since early 2025.