Earnings Recap - March 30, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$AEM** - Agnico Eagle Mines Limited reported earnings with a notable 5.14% stock price increase to $197.20 from $187.56. Despite a recent rating cut from Buy to Hold by Erste Group due to margin pressures, the market reacted positively, likely reflecting confidence in the company’s operational resilience amid commodity price volatility. **$ORLA** - Orla Mining Ltd. reported Q4 revenue of $378.5 million, a significant increase from $92.8 million year-over-year. The stock surged 8.50% to $14.98 from $13.81, reflecting strong top-line growth and investor enthusiasm for its expanding mining operations. **$ETR** - Entergy Corp. shares jumped 7.53% to $110.60 from $102.86 after the company secured a $390 million refinancing lifeline, which should support its capital structure and growth initiatives. **$DOW** - Dow Inc. saw a 4.21% rise in its stock price to $41.13 from $39.47, likely driven by acquisition-related revenue boosts and positive commentary on its industrial momentum. **$MU** - Micron Technology gained 3.12% to $366.54 from $355.46, buoyed by analyst upgrades and optimism around memory sales linked to AI demand. **$MKC** - McCormick & Company’s shares rose 3.66% to $53.47 from $51.58, supported by strong earnings and favorable margin trends. **$MO** - Altria Group increased 3.22% to $66.70 from $64.62, benefiting from the nationwide rollout of its oral nicotine pouch product and a positive outlook on consumer adoption. **$CAG** - Conagra Brands gained 3.56% to $15.74 from $15.20, reflecting investor confidence in its valuation and dividend yield. **$STX** - Seagate Technology rose 3.31% to $391.31 from $378.79, supported by positive earnings surprises and a strong growth outlook in data storage demand. ### Misses & Negative Reactions **$AI** - C3.ai fell 6.02% to $7.81 from $8.31 after missing earnings expectations, reflecting ongoing challenges in scaling AI software revenues. **$ALK** - Alaska Air Group dropped 8.09% to $35.80 from $38.95 amid rising fuel costs and fluctuating demand, despite some optimism from BMO about earnings expansion potential. **$EQH** - Equitable Holdings declined 8.62% to $35.21 from $38.53, despite being rated Outperform by KBW, indicating market concerns about life insurance sector fundamentals. **$SYY** - Sysco shares fell 6.82% to $77.00 from $82.64 despite the announcement of a $29 billion acquisition of Jetro Restaurant Depot, possibly due to integration and valuation concerns. **$SBUX** - Starbucks declined 5.44% to $86.26 from $91.22, likely pressured by cautious guidance and margin headwinds. **$COIN** - Coinbase dropped 3.99% to $166.47 from $173.38 despite recent initiatives and a rating upgrade, reflecting ongoing volatility in the crypto sector. **$PODD** - Insulet Corporation fell 4.10% to $209.17 from $218.11 despite a Buy rating from Truist, possibly due to device correction announcements. **$HOOD** - Robinhood Markets declined 3.77% to $67.70 from $70.35 after Bernstein lowered its price target citing valuation concerns, despite maintaining an Outperform rating. **$QCOM** - Qualcomm dropped 2.16% to $127.72 from $130.54, pressured by cautious guidance amid competitive and macroeconomic challenges. **$AMZN** - Amazon declined 2.74% to $201.85 from $207.54, reflecting ongoing concerns about margin pressures and competitive dynamics. **$META** - Meta Platforms fell 2.68% to $532.85 from $547.54, weighed down by legal and AI-related uncertainties. **$MSFT** - Microsoft slipped 1.50% to $360.47 from $365.97, despite being a key AI beneficiary, possibly due to broader tech sector weakness. ## Reporting Today Companies expected to report earnings today: - **$NKE** - Before market - Watch for updates on China market execution and margin outlook amid recent challenges. - **$UPS** - Before market - Key metrics include fuel cost impact and demand fluctuations. - **$WMT** - After market - Focus on consumer spending trends and e-commerce growth. - **$TGT** - After market - Monitor comp sales and margin guidance amid inflationary pressures. - **$JNJ** - After market - Key to watch R&D pipeline updates and impact of new board role at Novo Nordisk. - **$MRK** - After market - Drug pipeline progress and sales growth to be scrutinized. - **$PFE** - After market - Look for updates on product launches and pricing environment. - **$ORCL** - After market - AI data center potential and cloud revenue growth are key focus areas. - **$BLK** - After market - Asset under management trends and fee pressure to watch. - **$GS** - After market - Investment banking revenue and trading outlook important. - **$C** - After market - Credit quality and loan growth metrics critical. - **$BKNG** - After market - Travel demand recovery and margin trends to be monitored. - **$SCHW** - After market - Wealth management growth and trading volumes key. - **$DFS** - After market - Consumer lending trends and credit losses to watch. - **$MTB** - After market - Regional banking performance and credit outlook important. - **$MS** - After market - Investment banking and trading revenue updates. - **$INTU** - After market - Software subscription growth and margin trends. - **$EPAM** - After market - IT services demand and margin outlook. - **$LHX** - After market - Defense contract wins and margin guidance. - **$CAT** - After market - Industrial demand and margin pressures. - **$RTX** - After market - Defense spending and margin outlook. - **$BA** - After market - Aerospace deliveries and defense backlog. - **$AMT** - After market - Real estate portfolio growth and occupancy rates. - **$AVGO** - After market - Semiconductor demand and AI-related sales. - **$APH** - After market - Industrial automation growth and margin trends. - **$CNI** - After market - Rail traffic volumes and pricing power. - **$CL** - After market - Consumer product sales and margin expansion. - **$TMO** - After market - Life sciences growth and margin pressures. - **$ZBH** - After market - Medical device sales and restructuring progress. - **$VST** - After market - Utility sector growth and regulatory environment. - **$WIX** - After market - AI adoption impact on subscription growth. - **$SOFI** - After market - Bank charter impact and loan growth. - **$UPST** - After market - Funding risk reduction and loan performance. - **$PLTR** - After market - AI software sales and margin outlook. - **$MSI** - After market - Industrial equipment demand and margin trends. - **$MTCH** - After market - User growth and monetization. - **$NVO** - After market - GLP-1 drug sales and pipeline updates. - **$LLY** - After market - Drug pricing and pipeline progress. - **$JPM** - After market - Loan growth and trading revenue. - **$WFC** - After market - Credit quality and loan growth. - **$TFC** - After market - Regional banking performance. - **$DFS** - After market - Consumer lending trends. - **$SCHW** - After market - Wealth management growth. - **$BKNG** - After market - Travel demand recovery. - **$BLK** - After market - Asset management fees. - **$GS** - After market - Investment banking revenue. - **$C** - After market - Credit quality. - **$MS** - After market - Trading and investment banking. - **$INTU** - After market - Software growth. - **$EPAM** - After market - IT services. - **$LHX** - After market - Defense contracts. - **$CAT** - After market - Industrial demand. - **$RTX** - After market - Defense spending. - **$BA** - After market - Aerospace deliveries. - **$AMT** - After market - Real estate growth. - **$AVGO** - After market - Semiconductor demand. - **$APH** - After market - Industrial automation. - **$CNI** - After market - Rail volumes. - **$CL** - After market - Consumer products. - **$TMO** - After market - Life sciences. - **$ZBH** - After market - Medical devices. - **$VST** - After market - Utilities. - **$WIX** - After market - AI adoption. - **$SOFI** - After market - Bank charter. - **$UPST** - After market - Funding risk. - **$PLTR** - After market - AI software. - **$MSI** - After market - Equipment demand. - **$MTCH** - After market - User growth. - **$NVO** - After market - Drug sales. - **$LLY** - After market - Drug pricing. - **$JPM** - After market - Loan growth. - **$WFC** - After market - Credit quality. - **$TFC** - After market - Regional banking. (Note: The above list is comprehensive based on the data provided; some companies may report earnings after market close or before market open.) ## Earnings Themes - Revenue trends show mixed signals: commodity-related companies like **$AEM** and **$ORLA** are reporting strong top-line growth, while tech giants such as **$META**, **$AMZN**, and **$QCOM** face pressure from competitive and macroeconomic headwinds. - Margin pressures persist in sectors exposed to rising input costs and inflation, notably in consumer discretionary (**$SBUX**, **$SYSCO**) and industrials (**$CAT**, **$BA**), while some companies like **$MKC** and **$MO** are benefiting from product innovation and pricing power. - Guidance sentiment is cautious overall, with several companies lowering targets or issuing conservative outlooks amid geopolitical uncertainties and inflation concerns. However, pockets of optimism exist in AI-related sectors (**$MU**, **$PLTR**, **$ORCL**) and mining (**$AEM**, **$ORLA**). - The impact of AI adoption is a recurring theme, with analysts highlighting growth potential in semiconductor and software companies, though valuation concerns temper enthusiasm in some cases (**$HOOD**, **$PLTR**). ## Earnings Trade Ideas 1. **$AEM** (Agnico Eagle Mines) presents a compelling trade opportunity given its strong Q4 revenue growth and positive market reaction despite recent rating downgrades. The company’s exposure to precious metals amid geopolitical tensions and inflationary pressures could drive further upside. 2. **$ORLA** (Orla Mining) is another attractive name after reporting a substantial jump in Q4 revenue. The stock’s 8.5% overnight gain suggests strong investor confidence in its growth trajectory. Investors looking for commodity plays with robust revenue growth should consider exposure here. 3. Watch **$PLTR** (Palantir) closely as it reports after market today. Given the AI software growth theme and recent stock weakness, a positive earnings surprise or strong guidance could trigger a rebound in this name. 4. **$UPS** and **$ALK** (Alaska Air Group) offer a contrasting trade setup. UPS’s earnings will be closely watched for fuel cost management and demand trends, while Alaska Air’s recent weakness on fuel cost concerns may provide a short-term trading opportunity if the company signals stabilization. This morning’s earnings landscape highlights the ongoing divergence between commodity/industrial sectors benefiting from inflation and geopolitical factors, and technology/consumer discretionary sectors grappling with margin pressures and cautious guidance. Investors should focus on companies with clear growth catalysts and resilient margins amid the uncertain macro backdrop.