Microsoft calls experienced a substantial increase of 138% as identified by the surgebot.
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Iran Rejected The Deal To End The War. Now The Stock Market Is Reversing
StockedUpMay 7, 2026
The stock market is experiencing volatility due to the Iran conflict and upcoming jobs report. Several companies like Whirlpool, McDonald's, and Kraft are warning about declining consumer spending, particularly among low-income households. The S&P 500 is showing signs of reversal after a period of heavy call option trading.
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Tickers discussed in this post
Qualcomm calls saw a significant gain of 596% according to the surgebot.
PTC is at a major support level and has historically bounced significantly, suggesting a potential buy opportunity.
NVTS is a momentum play to the downside if it breaks under $15 after pulling back.
Tesla is a buy on the upside, showing strength with a recovery and pushing resistance at $415.
Micron is overextended and a good short-term downside play if key support levels break.
Intel is a short-term downside play with favorable risk-reward below $110.
AMD reported positive earnings, initially causing a market rally, but semiconductor stocks pulled back today.
Kraft's CEO stated that low-income consumers are running out of money, leading to negative cash flows and depletion of savings.
McDonald's CEO noted worsening consumer confidence, especially among low-income shoppers impacted by gas prices.
Whirlpool's CFO cited appliance demand at lows not seen since the financial crisis, indicating a recession-level industry decline.