## Overnight Earnings Movers
Companies that reported after yesterday's close or before today's open:
### Beats & Positive Reactions
**$LEVI** - Levi Strauss & Co. reported Q1 2026 earnings that beat expectations, driving the stock up 12.06%. The company also raised guidance, reflecting strong demand and successful transformation efforts, which supported the positive market reaction.
**$RPM** - RPM International surged nearly 10% after beating earnings estimates and providing strong guidance, signaling robust operational execution and growth prospects.
**$DEL** - Dell Technologies jumped 7.40% following a strong earnings report that highlighted the company’s AI-driven growth and solid execution in its core businesses.
**$GLW** - Corning Inc. gained 7.84% as it highlighted progress in its AI-related product lines and strong demand in its display and optical communications segments.
**$LRCX** - Lam Research rallied 9.08% after reporting solid earnings and emphasizing its leadership in semiconductor equipment, benefiting from the AI chip demand surge.
**$MU** - Micron Technology rose 9.06%, boosted by investments in AI startups and strong memory pricing outlook, supported by raised price targets from analysts.
**$INTC** - Intel jumped 9.14%, reflecting optimism around its AI ambitions and improving execution.
**$META** - Meta Platforms climbed 5.45%, buoyed by better-than-expected advertising revenue and AI product monetization.
**$COIN** - Coinbase surged 5.96% after winning Australia's first crypto derivatives license for retail traders, signaling potential growth in new markets despite a recent downgrade.
**$TER** - Teradyne gained 8.58% on strong demand for its semiconductor test equipment and automation solutions.
**$SOFI** - SoFi Technologies rose 7.93%, reflecting optimism about its reset strategy and improved valuation.
**$U** - Unity Software increased 6.87%, supported by strong AI-related product demand and growth outlook.
**$GOOGL** - Alphabet jumped 6.02%, driven by AI-related revenue growth and strong cloud business performance.
**$HOOD** - Robinhood Markets climbed 8.48%, benefiting from increased retail trading activity and new product launches.
**$BLK** - BlackRock gained 2.98% ahead of its Q1 earnings release, with analysts revising forecasts upward on expected strong asset management performance.
**$ABBV** - AbbVie edged up 0.63% on maintained overweight rating despite a lowered price target, reflecting confidence in its pipeline and cash flow.
**$AMZN** - Amazon surged 4.69% on optimism around AWS AI workload acceleration and strong e-commerce growth.
**$CAT** - Caterpillar jumped 4.73% on strong backlog and AI-driven power demand supporting continued upside.
**$CARR** - Carrier Global rose 4.19% after a solid earnings beat and positive margin outlook.
**$BX** - Blackstone Group gained 4.26% on expectations of higher Q1 earnings and strong deal flow.
**$C** - Citigroup increased 2.74% on solid earnings and improving credit conditions.
**$CSCO** - Cisco Systems rose 2.77% on better-than-expected networking demand and AI-related product growth.
**$CHTR** - Charter Communications climbed 3.04% on strong subscriber growth and stable margins.
**$DE** - Deere & Co. gained 3.46% after beating earnings and raising guidance amid strong agricultural equipment demand.
**$MS** - Morgan Stanley increased 5.42% on strong wealth management and trading revenue.
**$MSFT** - Microsoft rose 3.03% on strong cloud and AI product momentum.
**$JPM** - JPMorgan gained 3.23% on solid earnings and improving loan growth.
**$UPS** - UPS climbed 3.00% after outlining growth targets ahead of its June spinoff.
**$SCHW** - Charles Schwab rose 1.95% on better-than-expected trading volumes and asset inflows.
**$IBM** - IBM increased 1.65% on AI-driven services growth.
**$ACN** - Accenture gained 1.16% on AI and digital transformation demand.
**$FDX** - FedEx edged up 1.16% despite rising fuel costs, supported by growth targets.
**$NFLX** - Netflix rose 1.38% on subscriber growth and content investments.
**$AFL** - Aflac increased 0.24% on stable insurance operations.
**$ADBE** - Adobe was flat (+0.10%) but remains well positioned in the AI landscape.
**$AAPL** - Apple was essentially flat (+0.07%) but remains in focus for its upcoming OLED MacBook Pro launch driving a 33% surge in OLED demand.
### Misses & Negative Reactions
**$EOG** - EOG Resources dropped 5.87% after reporting a miss and lowering guidance due to Middle East production disruptions and higher costs.
**$XOM** - ExxonMobil fell 5.43% on a warning of a $6.5 billion hit from the Iran war and production disruptions.
**$DOW** - Dow Inc. declined 8.04% amid concerns over rising costs and operational challenges.
**$FANG** - Diamondback Energy fell 7.10% on weak trading volumes and geopolitical risks.
**$GBX** - Greenbrier Companies slid 6.43% on rising fuel costs and operational headwinds.
**$MOS** - Mosaic dropped 4.57% on production cuts and cost pressures.
**$CVX** - Chevron declined 3.92% on production disruptions and cost inflation.
**$WMT** - Walmart fell 2.12% after a sobering revenue warning related to AI and retail competition.
**$LHX** - L3Harris Technologies declined 1.85% despite defense sector strength, reflecting cautious outlook.
**$KO** - Coca-Cola dropped 1.01% on mixed beverage sales and currency headwinds.
**$ROST** - Ross Stores edged down 0.57% on margin pressure concerns.
**$XELB** - Xcel Brands plunged 11.69% on continued losses despite cost-cutting efforts.
**$APD** - Air Products and Chemicals fell 1.06% despite a helium tailwind, reflecting CAPEX discipline concerns.
**$VZ** - Verizon declined 1.91% on competitive pressures in telecom.
**$BMY** - Bristol-Myers Squibb fell 1.16% despite a reiterated buy rating, reflecting pipeline concerns.
## Reporting Today
Companies expected to report earnings today:
- **$BLK** - BlackRock - Before market - Analysts expect $12.09 EPS on $6.6B revenue; focus on asset management trends amid market volatility.
- **$REGN** - Regeneron Pharmaceuticals - data not available.
- **$ABBV** - AbbVie - data not available.
- **$AMGN** - Amgen - data not available.
- **$COST** - Costco Wholesale - data not available.
- **$META** - Meta Platforms - data not available.
- **$MS** - Morgan Stanley - data not available.
- **$PLTR** - Palantir Technologies - data not available.
- **$SOFI** - SoFi Technologies - data not available.
- **$TFC** - Truist Financial - data not available.
- **$WFC** - Wells Fargo - data not available.
Light earnings calendar today with several large-cap financials and biotech names reporting.
## Earnings Themes
- Revenue trends continue to show strength in AI-related sectors, cloud computing, and digital transformation, as seen in reports from **$MSFT**, **$GOOGL**, **$META**, and **$ACN**.
- Margin expansion is evident in semiconductor equipment makers like **$LRCX** and **$TER**, driven by AI chip demand, while energy companies face margin pressure from geopolitical disruptions (**$XOM**, **$CVX**, **$EOG**).
- Guidance sentiment is mixed: some companies like **$LEVI** and **$RPM** raised guidance reflecting strong end-market demand, while energy and materials firms lowered outlooks due to Middle East conflict and supply chain issues.
- Financial sector earnings show resilience with strong trading, wealth management, and loan growth (**$MS**, **$JPM**, **$BLK**), although geopolitical uncertainty tempers outlooks.
- Retailers and consumer discretionary names face margin pressures amid inflation and competitive dynamics, as seen in **$WMT** and **$ROST**.
## Earnings Trade Ideas
1. **$LEVI** - With a strong Q1 beat and raised guidance, Levi Strauss offers a compelling long idea to play consumer discretionary strength and successful brand transformation. The 12% overnight jump suggests momentum that could continue as investors digest the positive outlook.
2. **$LRCX** - Lam Research’s 9% gain on solid AI-driven semiconductor equipment demand and margin expansion positions it well to benefit from the ongoing AI chip cycle. Consider a trade to capture further upside as AI adoption accelerates globally.
3. Caution on **$XOM** and **$CVX** given the negative impact from the Iran war and production disruptions. These energy names may face continued volatility and margin pressure, suggesting a more defensive or hedged approach in the sector.
4. Watch **$BLK** ahead of earnings for potential upside from strong asset management inflows and market volatility-driven trading revenue. Analysts expect solid results, which could lift the stock further.
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