Breakfast News: ServiceTitan’s AI Tailwind Extends

TTAN posts strong results, Lululemon lowers full-year guidance, Bitcoin hits four-month low, and more…

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June 5, 2026 7:37am EDT

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JUNE 5, 2026

Thursday's Markets

S&P 500 7,584 (+0.41%) Nasdaq 26,831 (-0.09%)

Dow 51,562 (+1.73%) Bitcoin 63,227 (-3.27%)

Image shows chart of ServiceTitan's gross profit margin over the past three years

1. ServiceTitan Pops 15% as Demand Surges

ServiceTitan (NASDAQ:TTAN) soared around 15% before the opening bell thanks to results beating expectations and full-year guidance being raised, as demand for the AI-driven Max offering increases across both the residential and commercial sectors.

"We have way more demand than what we've been onboarding, and we expect to continue to be in that same state”: Co-founder and president Vahe Kuzoyan stressed the reputation of Max, a suite of AI and automation tools designed to streamline operations for trades businesses, along with retention of onboarded clients as key to success.
“Net dollar retention was greater than 110% for the quarter”: CFO Dave Sherry revealed retention above 100%, showing existing customers are spending more over time, outpacing any lost revenue from customer churn for the Stock Advisor recommendation by Team Rule Breakers.

2. Pre-Market Movers: LULU, IOT, and RBRK

Lululemon (NASDAQ:LULU) fell more than 10% in pre-market trading after management lowered full-year revenue and profit guidance as part of quarterly results due to factors including weak North America demand and supply chain issues. The stock is recommended by both Team Rule Breakers and Team Hidden Gems.
Samsara (NYSE:IOT) dropped about 5% ahead of the market open. The Rule Breakers rec did report strong Q1 earnings ahead of analyst expectations, but the pace of growth going forward is due to ease. Earlier this year, Fool contributing analyst Toby Bordelon said the company is “a top dog in an important, emerging industry,” noting it has “a moat that is both technology-based and service-based.”
Rubrik (NYSE:RBRK) moved around 2% lower before the opening bell following a mixed bag of results. Subscription revenue increased 41% year over year thanks to demand for cyber resilience solutions for the Team Hidden Gems rec, but it posted another GAAP net loss.

3. Bitcoin Tests Lows as Sentiment Sours

Bitcoin (CRYPTO:BTC) fell to a four-month low after the Hidden Gems rec posted a fifth straight day of losses, with the cryptocurrency close to testing the February market bottom around $60,000, as multiple factors weigh on sentiment.

Investors have pulled nearly $4.4 billion from U.S.-listed Bitcoin ETFs over the past 13 sessions: One such reason is the first sale of Bitcoin from Strategy (NASDAQ:MSTR) since 2022 and a reallocation of funds towards surging tech stocks, hitting ETF outflows.
Retail traders raising funds to participate in upcoming IPOs: With SpaceX set to go public next week and other major AI companies lining up public offerings, some of the outflows from crypto can be linked to liquidity needs.

4. Today’s Take: Stuck on the Sidelines

It is common at our investment team meetings to discuss/pitch stocks formally or informally. A couple years ago around September 2024, I did some brief research on Reddit (NYSE:RDDT), pitched it to our team and placed it on my watch list … Since then, the stock has gone from ~$60 to above $180, a 3x return … A big regret in my investing is not being more aggressively buying my watch list stocks.

— SANMEET DEO • TEAM RULE BREAKERS

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