Investing.com — After April’s strong gains, U.S. stocks look set to start May on a positive note, with both the S&P 500 and Nasdaq rising, despite continued concerns about the fragile nature of the U.S.-Iran ceasefire.
After a packed week of earnings, here are Investing.com’s stocks of the week:
Intel
Intel shares top the list again, having surged another 20% in the last week. The stock briefly topped $100 per share on Friday, but as of 13:48 ET sits at around $99 apiece.
Last week, Intel rallied as investors reacted positively to its latest quarterly results, which topped consensus estimates. The company’s performance was boosted by rapid growth in its data center and artificial intelligence business.
On Wednesday, U.S. President Donald Trump wrote in a Truth Social post: “Intel Stock continues to rise. I’m very proud of that company in that I am responsible for making the United States of America over 30 Billion Dollars in the last 90 days on that stock alone.
“There are others that, likewise, I have been very successful with by taking pieces of the Equity for support. Congratulations to Intel on doing such a great job and, more importantly, congratulations to the People of the United States for making such a good investment!”
Google
Alphabet shares have rallied over 13% in the last week following a 10% gain on Thursday as investors reacted to the tech giant’s quarterly earnings. The stock has hit a new all-time high.
Google reported Q1 EPS of $5.11, $2.49 better than the analyst estimate of $2.62, while revenue for the quarter came in at $109.9 billion versus the consensus estimate of $106.81 billion.
“Google’s full-stack AI benefits were on display in 1Q, with growth accelerating across Search (+19%), Cloud (+63%), and total revenue +22% (+19% FXHN) to $109.9B,” stated JPMorgan analyst Doug Anmuth, reiterating an Overweight rating on the stock.
“We believe Google is generating clear, measurable returns on its AI investments as Cloud backlog nearly doubled sequentially.”
Atlassian
Atlassian Corporation reported third-quarter results that significantly exceeded analyst expectations, sending shares more than 24% higher so far on Friday.
Adjusted earnings per share came in at $1.75, beating estimates by $0.77, while revenue of $1.79 billion surpassed the consensus of $1.57 billion by 14%. Revenue climbed 32% YoY from $1.36 billion in the same quarter last year.
Despite the climb, shares are still down significantly year-to-date as software stocks have been under significant pressure.
“TEAM posted a big 3Q revenue beat, driven by seat expansions and cross-sell activity. AI momentum continues to accelerate,” said Macquarie analyst Steve Koenig following the report. “We reiterate our Outperform rating on cloud momentum, AI tailwinds, and valuation. We think share accumulation at these levels could be attractive.”
Meta Platforms
Meta shares have also made the list for a second week in a row, but this time due to a decline following a rise on Friday last week.
The share price drop comes in reaction to the company’s quarterly earnings, which resulted in an 8.6% drop on Thursday.
Meta raised its full-year capital expenditure guidance to reflect expectations of higher component prices and additional costs to build out data centers.
The company guided for 2026 capital expenditures of $125 billion to $145 billion, compared to a previous forecast of $115 billion to $135 billion. Meta’s results come at a time when spending plans on artificial intelligence are being closely scrutinized.
JPMorgan analyst Doug Anmuth cut the rating on META to Neutral as he believes “full-stack AI competition is intensifying and Meta has a more challenging path to returns on heavy AI capex beyond advertising.”
Check Point Software
Shares of Check Point Software plunged 19.6% on Thursday, and despite a slight recovery so far on Friday, the stock is down over 13% in the last week.
The company reported Q1 EPS of $2.50, $0.10 better than the analyst estimate of $2.40, with revenue for the quarter coming in at $668 million, below the consensus estimate of $672.59 million.
Raymond James analyst Adam Tindle said the results were “disappointing.”
“We were bracing for this and do think investors were anticipating a miss,” the analyst wrote. “However, the level of magnitude was surprising as Product revenue is set to decline nearly 20% next quarter, and a series of management changes in a ‘clean house’ event is likely spooking investors considering the positive trajectory of the business just one quarter prior.”
“We kick ourselves for not taking action on our checks, but feel the damage is done for now as the stock hovers at trough valuation multiples on our numbers cut.”
Bloom Energy
Finally, Bloom Energy shares rallied this week, up more than 23%. The rise follows a surge on Wednesday following its latest earnings report that significantly exceeded Wall Street expectations, driven by strong hyperscaler demand for its fuel cell technology.
The energy technology company reported adjusted earnings per share of $0.44, beating the analyst consensus of $0.13 by $0.31. Revenue reached $751.1 million, up 130% YoY from $326.0 million in the first quarter of 2024, and surpassing the analyst estimate of $530.41 million.
Following the report, Barclays analysts said in a note that “Bloom has moved from early green shoots to a more durable growth cycle.
This is “supported by hyperscaler demand and faster deployment economics, resulting in a re-rate of volume assumptions while BE’s pricing power also seems to be strengthening in the current market backdrop,” they added.
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