Earnings Recap - March 24, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$APP** - AppLovin reported strong growth driven by its AI-powered advertising platform, which is fueling robust revenue expansion. The stock rose 3.53% to $458.00, reflecting investor enthusiasm about its AI integration and growth prospects. **$PLTR** - Palantir saw a 6.07% jump to $159.82 after reporting accelerated growth fueled by increased AI demand. The company’s AI-driven data analytics continue to drive top-line momentum and investor confidence. **$MGPI** - MGP Ingredients gained 4.18% to $17.19, supported by its position as a strong small-cap consumer staples stock with solid earnings results. **$BETA** - BETA Technologies surged 5.83% to $15.43 following a positive earnings call and renewed investor interest in its technology stack and growth outlook. **$AS** - Amer Sports shares jumped 5.22% to $32.35 on strong sales gains across outdoor categories, signaling solid consumer demand. **$DELL** - Dell Technologies rose 3.30% to $162.88 after earnings showed resilience amid market turmoil, with its family office highlighting attractive private credit opportunities. **$MMM** - 3M gained 3.01% to $145.45, supported by margin improvements and steady revenue growth. **$ECL** - Ecolab increased 2.97% to $264.11, benefiting from geopolitical tensions that boosted demand for its products. **$PYPL** - PayPal climbed 2.79% to $45.24, continuing to demonstrate strong institutional interest and yield-driven crypto adoption themes. **$AVGO** - Broadcom rose 2.80% to $319.20, buoyed by its announcement of hyperscaler deals and warnings about Taiwan Semiconductor capacity constraints, highlighting supply chain tightness in AI chip production. **$ORCL** - Oracle shares gained 2.80% to $153.87 on optimism around its AI infrastructure strength and recent upgrades. **$HLT** - Hilton Worldwide increased 2.77% to $300.67, reflecting strong travel demand and positive earnings momentum. **$META** - Meta Platforms rose 1.13% to $600.36, supported by AI-driven growth and solid advertising revenue. **$CSCO** - Cisco Systems climbed 1.22% to $78.60, benefiting from steady enterprise IT spending. **$AMZN** - Amazon gained 1.73% to $208.93 despite drone-related AWS disruptions in Bahrain, signaling resilience in cloud services demand. **$BKNG** - Booking Holdings rose 1.76% to $4,400, reflecting strong travel bookings and positive outlook. **$TGT** - Target increased 1.09% to $114.50, supported by steady retail sales and new promotional initiatives. **$WMT** - Walmart rose 1.14% to $120.38, benefiting from solid consumer spending trends. ### Misses & Negative Reactions **$MU** - Micron Technology fell 5.64% to $399.06 after reporting earnings that disappointed investors amid ongoing margin pressures and cautious memory chip demand. **$APO** - Apollo Global Management dropped 4.82% to $106.60 as it limited withdrawals from its private credit fund due to surging redemptions, raising concerns about credit market stress. **$EL** - Estee Lauder declined 8.10% to $78.96 following news of merger talks with Puig that created uncertainty, combined with margin pressure and a downgrade on international growth prospects. **$FICO** - Fair Isaac fell 6.44% to $1,055 on Senate investigation news regarding mortgage credit score pricing, which weighed on investor sentiment. **$VITL** - Vital Farms dropped 5.51% to $13.71 amid concerns over consumer staples sector volatility. **$VLO** - Valero Energy declined 3.23% to $232.12 after a refinery explosion and margin pressure from rising fuel costs. **$ULTA** - Ulta Beauty fell 2.64% to $516.00 despite new leadership, reflecting investor caution on discretionary spending trends. **$IT** - Gartner dropped 2.22% to $157.82 following a weak outlook and cloud backlog growth concerns. **$CCI** - Crown Castle declined 1.25% to $81.33 despite long-term growth positioning, likely reflecting near-term market volatility. **$UTZ** - Utz Brands slipped 1.46% to $7.43 on profit-taking after recent gains. **$DIS** - Disney fell 1.92% to $97.60, missing out on broader market rallies and facing questions about entertainment segment growth. ## Reporting Today Companies expected to report earnings today: - **$PPHC** - Before market open - Key metrics to watch include revenue growth and margin expansion as the company recently joined Russell 2000 and 3000 indexes. - **$BWMN** - Before market open - Investors will focus on growth catalysts following a strong 11.20% stock gain to $30.09, likely driven by recent presentations at the Roth Conference. - **$COUR** - Before market open - Watch for topline progression and profitability metrics amid increasing competition in online education. - **$UDMY** - Before market open - Key focus on new product launches and revenue growth as Udemy trades near $4.74 after a 1.94% rise. - **$BLCO** - Before market open - Investors will assess pipeline updates and glaucoma treatment progress. - **$CDE** - Before market open - Coeur Mining’s strategic impact of new gold acquisition and updated production guidance will be scrutinized. - **$SFRRF** - Before market open - Sustainability and governance frameworks in operations will be key discussion points. - **$CSTL** - Before market open - Clinical utility and evidence supporting melanoma test adoption will be important. - **$TLPH** - Before market open - Analyst and investor day insights expected amid a 3.81% stock decline. - **$PPHC** - Before market open - Earnings call transcript available; watch for capital allocation and growth strategy commentary. - **$BULL** - Before market open - Earnings call transcript available; focus on fintech growth and profitability. - **$BETA** - Before market open - Following strong earnings, investors will look for updates on technology stack and expansion plans. - **$FTAI** - Before market open - Infrastructure and aviation growth outlook to be key. - **$MGPI** - Before market open - Consumer staples growth drivers and margin trends. - **$SMPL** - Before market open - Analysts recently upgraded Simply Good Foods; watch for margin improvement signals. - **$XAR** - Before market open - Revenue growth and innovation pipeline updates. - **$CHPT** - Before market open - CRO sales and growth outlook amid rising electric vehicle adoption. - **$PPHC** - Before market open - Capital markets and dividend strategy updates. - **$BLK** - Before market open - Asset management trends and private credit exposure commentary. - **$MS** - Before market open - Investment banking and wealth management revenue trends. - **$GS** - Before market open - Inflation threat and oil risk commentary to be monitored. - **$IBM** - Before market open - AI integration and cloud services growth. - **$META** - Before market open - Advertising revenue and AI platform expansion. - **$NVDA** - Before market open - AI demand and supply chain constraints. - **$ORCL** - Before market open - Cloud backlog and AI infrastructure strength. - **$AMZN** - Before market open - AWS growth despite regional disruptions. - **$TSLA** - Before market open - Electric vehicle sales and AI robotics updates. - **$AAPL** - Before market open - MacBook Neo launch impact and international growth. - **$ADBE** - Before market open - Leadership transition and software sales trends. - **$ACN** - Before market open - Consulting demand and margin pressure. - **$BKNG** - Before market open - Travel demand and booking trends. - **$CMG** - Before market open - Comparable sales and margin trends. - **$NFLX** - Before market open - Margin growth and subscriber trends. - **$SBUX** - Before market open - Consumer traffic and new store openings. - **$LOW** - Before market open - Home improvement demand and margin expansion. - **$JNJ** - Before market open - Pharmaceutical pipeline and consumer health sales. - **$LLY** - Before market open - New platform growth and drug approvals. - **$PM** - Before market open - Tobacco sales and international expansion. - **$PFE** - Before market open - Drug trial outlook and patent expirations. - **$C** - Before market open - Banking revenue and credit quality. - **$JPM** - Before market open - Investment banking and consumer lending. - **$MSFT** - Before market open - Cloud revenue and AI product launches. - **$CSCO** - Before market open - Enterprise IT spending and product innovation. - **$V** - Before market open - Payment volume and fintech partnerships. - **$PYPL** - Before market open - Digital payments growth and crypto adoption. - **$SQ** - Before market open - Seller ecosystem and fintech innovation. - **$SOFI** - Before market open - Lending growth and fintech expansion. - **$COIN** - Before market open - Institutional crypto inflows and yield products. - **$FTAI** - Before market open - Infrastructure and aviation growth outlook. - **$BWMN** - Before market open - Growth catalysts and recent investor presentations. - **$PPHC** - Before market open - Capital allocation and dividend strategy. - **$BLCO** - Before market open - Pipeline updates and glaucoma treatment progress. - **$CDE** - Before market open - Gold acquisition impact and production guidance. - **$SFRRF** - Before market open - Sustainability and governance frameworks. - **$CSTL** - Before market open - Clinical utility and melanoma test adoption. - **$TLPH** - Before market open - Analyst day insights amid stock decline. - **$BULL** - Before market open - Fintech growth and profitability. - **$BETA** - Before market open - Technology stack and expansion plans. - **$FTAI** - Before market open - Infrastructure and aviation outlook. - **$MGPI** - Before market open - Consumer staples growth and margins. - **$SMPL** - Before market open - Margin improvement signals. - **$XAR** - Before market open - Revenue growth and innovation. - **$CHPT** - Before market open - CRO sales and electric vehicle adoption. - **$BLK** - Before market open - Asset management and private credit exposure. - **$MS** - Before market open - Investment banking and wealth management. - **$GS** - Before market open - Inflation and oil risk commentary. - **$IBM** - Before market open - AI and cloud services growth. - **$META** - Before market open - Advertising and AI platform expansion. - **$NVDA** - Before market open - AI demand and supply chain constraints. - **$ORCL** - Before market open - Cloud backlog and AI infrastructure. - **$AMZN** - Before market open - AWS growth and regional disruptions. - **$TSLA** - Before market open - EV sales and AI robotics. - **$AAPL** - Before market open - MacBook Neo and international growth. - **$ADBE** - Before market open - Leadership and software sales. - **$ACN** - Before market open - Consulting demand and margins. - **$BKNG** - Before market open - Travel demand and bookings. - **$CMG** - Before market open - Sales and margin trends. - **$NFLX** - Before market open - Margin and subscriber trends. - **$SBUX** - Before market open - Consumer traffic and store openings. - **$LOW** - Before market open - Home improvement demand. - **$JNJ** - Before market open - Pipeline and health sales. - **$LLY** - Before market open - Platform growth and approvals. - **$PM** - Before market open - Tobacco sales and expansion. - **$PFE** - Before market open - Trial outlook and patents. - **$C** - Before market open - Banking revenue and credit. - **$JPM** - Before market open - Banking and lending. - **$MSFT** - Before market open - Cloud and AI. - **$CSCO** - Before market open - IT spending. - **$V** - Before market open - Payments and fintech. - **$PYPL** - Before market open - Payments and crypto. - **$SQ** - Before market open - Seller ecosystem. - **$SOFI** - Before market open - Lending growth. - **$COIN** - Before market open - Crypto inflows. ## Earnings Themes - Revenue trends show strength in AI-related sectors, cloud services, and consumer staples, with companies like AppLovin, Palantir, and Broadcom benefiting from AI demand and infrastructure spending. - Margin pressures persist in semiconductor and memory sectors, exemplified by Micron’s miss and cautious guidance, while consumer discretionary faces mixed signals with Ulta and Estee Lauder under pressure. - Guidance sentiment is mixed; some companies raise outlooks on AI and travel demand (e.g., Hilton, Booking Holdings), while others lower expectations due to geopolitical risks, supply chain constraints, or credit market stress (e.g., Apollo, Valero). - Private credit funds face redemption challenges, highlighting credit market caution amid geopolitical uncertainty. ## Earnings Trade Ideas 1. **Long AppLovin ($APP)**: With AI-powered advertising driving strong revenue growth and positive market reaction, APP offers exposure to the expanding AI ad tech space. The 3.53% overnight gain underscores investor confidence. 2. **Cautious on Apollo Global Management ($APO)**: The 4.82% drop following withdrawal limits in private credit funds signals potential credit stress. Investors should monitor credit market conditions and redemption trends before adding exposure. 3. **Watch Broadcom ($AVGO) and Nvidia ($NVDA)**: Both companies highlight supply chain constraints in AI chip production, suggesting potential upside from capacity bottlenecks. Long positions could benefit from sustained AI demand and pricing power. 4. **Avoid Micron ($MU) near term**: The significant earnings miss and 5.64% decline reflect ongoing margin and demand challenges in memory markets. Wait for clearer signs of recovery before considering entry. 5. **Monitor Estee Lauder ($EL) and Ulta ($ULTA)**: Both face margin pressures and investor skepticism despite leadership changes and strategic moves. Short-term volatility likely as merger talks and discretionary spending trends evolve.