Published: Friday, 1 May 2026 at 12:15 (UK) After a week of earnings from mega-cap stocks including Alphabet, Meta and Apple, attention is likely to shift in the week ahead towards macroeconomic data, with the health of the US labour market in particular focus. The coming days bring the job openings and labor turnover survey (JOLTS) on Tuesday 5 May, employment data from private payroll processing firm ADP on Wednesday, and the official US jobs report on Friday. Alongside that, the Institute for Supply Management's (ISM) purchasing managers' index (PMI) report will offer insights into how the US services sector performed in April, while earnings from companies such as Advanced Micro Devices and Palantir will also be closely scrutinised.
Palantir Q1 earnings
Monday 4 May Palantir is expected to report first-quarter earnings of $0.28 a share, double the year-ago level, as revenue grew an estimated 74.1% to $1.54bn, according to analysts. Looking ahead to Q2, earnings are forecast to increase 89.3% to $0.30 a share, with revenue growing 67.3% to $1.68bn. The options market implies that shares of the data and analytics company – down 17% year-to-date at about $140 – could move 8.4% in either direction following the Q1 results. Options positioning appears skewed to the downside, suggesting that the share price could rise after Monday's announcement, unless bosses report significantly worse-than-expected results. If results are better than expected, a reduction in hedging activity may help drive the stock towards a strong level of call gamma near $150, an area of resistance. To the downside, support sits near $130 where the greatest amount of put gamma is concentrated. With put positions outweighing call positions, there is potential for the unwinding of puts to give the shares a boost. That said, some analysts warn that the stock remains overvalued, despite its dip this year. From a technical perspective, the stock has found support around $130 on several occasions, while resistance is closer to $160. The relative strength index (RSI) has been trending higher, which may indicate improving momentum, although this does not guarantee an imminent change in trend.
