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Hyunsoo Rim3/3/26

MongoDB plunges on weak Q1 guidance, despite fourth-quarter earnings beat

MongoDB is down more than 27% in premarket trading Tuesday, extending its sharp after-hours decline yesterday, after the database software company forecast lower-than-expected Q1 earnings and full-year revenue.

The company actually beat estimates for the fourth quarter (ended January 31), in which revenue rose 27% year on year to $695.1 million, and adjusted earnings came in at $1.65 per share — ahead of Wall Street estimates of $670 million and $1.48 per share, respectively. In the earnings release, CEO CJ Desai said results were driven by “continued go-to-market execution and the broad-based demand we are seeing across our product lines.”

Yet the company’s outlook for Q1 has disappointed investors, with adjusted earnings per share of $1.15 to $1.19 below analyst estimates of $1.20. Its revenue forecast, meanwhile, sits at $659 million to $664 million, the midpoint of which fell below the $662 million that had been penciled in. Full-year revenue guidance of $2.86 billion to $2.9 billion also fell slightly below consensus estimates, though EPS guidance of $5.75 to $5.93 came in ahead of the $5.69 forecast.

Alongside its earnings report, MongoDB announced a leadership overhaul, including the departure of its president of field operations, Cedric Pech, and its chief revenue officer, Paul Capombassis. The company also announced the appointment of Erica Volini as the new chief customer officer.

MongoDB’s “NoSQL database” is considered a more flexible, modern format than traditional table-based databases, allowing developers to store data more easily. But with fears growing that established software companies may lose their edge to rising agentic AI, MongoDB’s shares had already fallen roughly 23% this year before this morning’s slide — and are now down about 44% year to date.

Alongside its earnings report, MongoDB announced a leadership overhaul, including the departure of its president of field operations, Cedric Pech, and its chief revenue officer, Paul Capombassis. The company also announced the appointment of Erica Volini as the new chief customer officer.

MongoDB’s “NoSQL database” is considered a more flexible, modern format than traditional table-based databases, allowing developers to store data more easily. But with fears growing that established software companies may lose their edge to rising agentic AI, MongoDB’s shares had already fallen roughly 23% this year before this morning’s slide — and are now down about 44% year to date.

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Max Knoblauch20m

United beats Q1 earnings and revenue estimates, lowers full-year profit guidance amid surging jet fuel prices

United Airlines reported its first-quarter earnings results after the bell on Tuesday. The carrier’s shares ticked down in after hours trading.

For Q1, United reported:

Adjusted earnings of $1.19 per share, compared to the Wall Street estimate of $1.08 per share compiled by FactSet.
$14.6 billion in revenue, compared to the $14.39 billion estimates.

In the first quarter, United’s fuel expense grew 12.6% from the same period last year to $3.04 billion.

For the second quarter, United expects adjusted earnings per share of between $1 and $2, shy of Wall Street expectations of $2.08. For the full year ahead, United said it expects earnings between $7 and $11 per share, compared to its prior guidance of between $12 and $14 per share.

“Guidance assumes United’s revenue recovers 40% to 50% of the fuel price increases in the second quarter, 70% to 80% of the fuel price increases in the third quarter and 85% to 100% of the fuel price increases in the fourth quarter 2026,” read the company’s investor update.

Earlier this month, United was among the first major US airlines to hike its bag fees amid higher fuel costs. Its shares have fallen more than 15% from a February high days before the war in Iran began.

United has also made waves this month following reports that CEO Scott Kirby had floated the idea of a merger with American Airlines to President Trump. A merger between two of the big four airlines would create a true US behemoth, controlling more than a third of the American market. American Air last week said it wasn’t interested in merging with United and hadn’t held talks on the idea. On Tuesday, President Trump told CNBC that he doesn’t like the idea either.

Tasha Matsumoto

Stocks slip as peace prospects dim

Stocks swung from positive to negative as Vice President Vance's trip to Pakistan for Iran peace talks was canceled.

Grizzly bear growling USA.

markets

Hedge funds are following retail traders into the Magnificent 7

Hedge funds are following retail traders into the stocks the masses never stopped buying.

“As we kick off earnings for megacap tech stocks, this stood out: [hedge funds] have started buying Mag7 stocks again this month though positioning remains well below the peak levels seen in early 2016,” writes Goldman Sachs’ Cullen Morgan.

Goldman PB Mag 7 — Source: Goldman Sachs

In early April, JPMorgan strategist Arun Jain noted that retail investors had basically been selling everything but the Magnificent 7 stocks as part of a more cautious stance due to the Iran war.

(Apple has been a longstanding exception to this trend, presumably because retail traders aren't fond of its hands-off approach to AI.)

JPM Retail flows

Last August, Jain discussed how retail activity tended to “crowd in” institutional buyers in meme stocks, while Goldman’s John Marshall advised clients to piggyback on stocks beloved by retail traders. Speculative, retail-geared assets proceeded to go on a tremendous run that soured in October.

But there are some early indications that a similar bout of speculative fervor is bubbling up once more.

markets

POET Technologies surges above $10 for first time in 4 years amid explosion in call volumes

POET Technologies is up nearly 40% this week as options market activity goes haywire in a faint echo of what got the stock on retail traders’ radars in October.

As of 11:12 a.m. ET, more than 10 calls have changed hands for every put traded. This bullish impulse has propelled the stock above the $10 threshold for the first time since March 2022.

Shares of the optical communications firm briefly dipped last week after Wolfpack Research said it was short the company because its investors would be exposed to an “IRS tax nightmare.”

The company responded that day saying it was taking measures for US shareholders that “should mitigate certain potential adverse US federal income tax consequences to it that could otherwise result from the Company’s status as a passive foreign investment company.”

The parabolic surge in Avis reached new heights, with shares halted for volatility

More motivated buyers than motivated sellers.

Travelers at Sacramento International Airport (SMF)

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