Earnings Recap - April 09, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$GAME** - GameSquare Holdings reported Q4 results that exceeded expectations and reaffirmed FY26 guidance above estimates. The strong outlook and solid quarter drove shares up 62.57% to $0.41, reflecting renewed investor confidence in the company's growth trajectory. **$AEM** - Agnico Eagle Mines Limited delivered a strong performance, supporting its reputation as a top gold mining company with high upside potential. Shares rose 3.04% to $216.00, reflecting optimism about its operational execution and market positioning. **$AU** - AngloGold Ashanti’s Arthur Gold Project announcement highlighted growth and long-term value creation, lifting shares 5.86% to $107.00. The company’s strategic initiatives in gold production continue to attract investor interest. **$WPM** - Wheaton Precious Metals Corp. announced a $275 million commitment to secure gold supplies in Australia, reinforcing its resource base and growth prospects. Shares gained 2.61% to $139.52. **$RGLD** - Royal Gold, Inc. received affirmation from Raymond James as one of the best gold mining companies to buy, contributing to a 3.03% rise in shares to $268.75. **$CDE** - Coeur Mining, Inc. emphasized guidance, buybacks, and dividends, strengthening its investment case. Shares increased 3.53% to $19.67. **$MRVL** - Marvell Technology saw a 9.25% jump to $119.50, buoyed by strong AI-driven growth outlooks and analyst upgrades. **$GLW** - Corning shares surged 11.77% to $166.00 after positive commentary on its infrastructure plays and AI demand. **$META** - Meta Platforms rallied 8.06% to $621.40 following the announcement of a $21 billion AI cloud partnership with CoreWeave, signaling strong AI investment and growth potential. **$TXN** - Texas Instruments jumped 6.30% to $212.32, supported by robust semiconductor demand and positive earnings momentum. **$INTC** - Intel surged 14.08% to $60.36, reflecting market enthusiasm around its memory and AI-related technology shifts. **$AMZN** - Amazon shares rose 5.02% to $224.51 after CEO Andy Jassy highlighted an AI revenue run rate exceeding $15 billion and hinted at future chip sales, fueling bullish sentiment. **$GS** - Goldman Sachs shares climbed 4.15% to $900.00, supported by strong earnings and positive analyst commentary. **$BLK** - BlackRock gained 4.18% to $998.50, reflecting solid asset management performance. **$COF** - Capital One surged 6.98% to $193.79 on upbeat earnings and credit quality improvements. **$FDX** - FedEx rose 4.06% to $371.50 after providing a medium-term financial outlook that reassured investors. **$GM** - General Motors climbed 4.31% to $75.90, buoyed by EV growth prospects. ### Misses & Negative Reactions **$BYRN** - Byrna Technologies reported Q4 earnings and revenue misses, leading to a 16.93% decline to $7.75. The earnings call transcript revealed operational challenges and weaker-than-expected results. **$SMPL** - Simply Good Foods tumbled 23.89% to $11.00 following a weak Q3 2025 revenue report and cautious guidance, signaling margin pressures and demand softness. **$PLTR** - Palantir shares fell 6.71% to $140.00, reflecting investor concerns over growth sustainability despite ongoing AI investments. **$BIAF** - bioAffinity Technologies dropped 6.36% to $3.83 amid clinical integration delays and early-stage challenges. **$DFS** - Discover Financial Services declined 1.19% to $198.10, pressured by cautious credit outlooks. **$STZ** - Constellation Brands slipped 2.98% to $149.25 on margin concerns despite solid sales. **$CVX** - Chevron shares fell 3.19% to $195.12, weighed down by volatile oil prices and geopolitical uncertainty. **$DOW** - Dow Inc. dropped 4.73% to $39.45 amid cost pressures and weaker industrial demand. **$SNAP** - Snap declined 1.87% to $4.71, reflecting mixed user growth and advertising challenges. ## Reporting Today Companies expected to report earnings today: - **$C** (Citigroup) - Before market open - Watch for credit quality trends and trading revenue strength amid banking sector volatility. - **$JPM** (JPMorgan Chase) - Before market open - Key metrics include net interest margin, loan growth, and trading revenue. - **$MS** (Morgan Stanley) - Before market open - Focus on wealth management and trading segments amid market volatility. - **$BLK** (BlackRock) - Before market open - Asset management fees and inflows will be critical. - **$WFC** (Wells Fargo) - Before market open - Credit outlook and expense management are key. - **$DIS** (Disney) - Before market open - Streaming subscriber growth and theme park recovery to watch. - **$MCO** (Moody’s) - Before market open - Credit rating activity and subscription revenue trends. - **$SPGI** (S&P Global) - Before market open - Data and analytics revenue growth. - **$PLD** (Prologis) - Before market open - Industrial real estate demand and rent growth. - **$ETN** (Eaton) - Before market open - Industrial demand and margin trends. - **$FDX** (FedEx) - Before market open - Delivery volume and cost control. - **$GM** (General Motors) - Before market open - EV sales and margin expansion. - **$TXN** (Texas Instruments) - Before market open - Semiconductor demand and pricing power. - **$INTU** (Intuit) - Before market open - Subscription growth and margin outlook. - **$MRK** (Merck) - Before market open - Drug sales and pipeline updates. - **$LUNR** (Lunar Energy) - Before market open - Data not available. - **$MESO** (Mesoblast) - Before market open - Cellular medicine platform progress. - **$RJF** (Raymond James) - Before market open - Wealth management trends. - **$ROST** (Ross Stores) - Before market open - Retail sales and margin trends. - **$TFC** (Truist Financial) - Before market open - Loan growth and credit quality. - **$TGT** (Target) - Before market open - Same-store sales and inventory management. - **$UBER** (Uber) - Before market open - Ride-hailing growth and profitability. - **$UL** (Unilever) - Before market open - Strategic separation of foods business and margin outlook. - **$USA** (Liberty All-Star Equity Fund) - Before market open - Data not available. - **$WMT** (Walmart) - Before market open - E-commerce growth and margin recovery. Light earnings calendar today for other sectors. ## Earnings Themes - **Revenue Trends:** Several companies in technology and gold mining sectors are reporting strong revenue growth, driven by AI adoption, infrastructure demand, and commodity price strength. Amazon’s AI-related revenue run rate exceeding $15 billion highlights the accelerating monetization of AI investments. Gold miners like Agnico Eagle, AngloGold Ashanti, and Wheaton Precious Metals benefit from higher gold prices and strategic expansions. - **Margin Pressures or Expansion:** Margin expansion is evident in semiconductor companies such as Texas Instruments and Marvell, supported by pricing power and demand for AI chips. Conversely, consumer and food companies like Simply Good Foods face margin pressures due to cost inflation and weaker demand. Industrial firms like Dow and Chevron are experiencing margin compression amid volatile input costs and geopolitical risks. - **Guidance Sentiment:** Guidance is mixed but leans positive in AI-related tech and financial sectors. Amazon and Meta are aggressively investing in AI, signaling confidence in future growth. Financial firms like Goldman Sachs, JPMorgan, and BlackRock maintain optimistic outlooks on trading and asset management. Retailers and consumer goods companies show cautious optimism, balancing cost pressures with demand recovery. ## Earnings Trade Ideas 1. **Long Semiconductor Exposure via $TXN and $MRVL:** Both Texas Instruments and Marvell reported strong earnings beats and raised outlooks driven by AI chip demand. With shares up 6.30% and 9.25% respectively, investors could consider long positions to capitalize on the secular AI growth trend and improving margins. 2. **Gold Mining Plays $AEM, $AU, $WPM:** The gold mining sector continues to demonstrate resilience and growth potential amid geopolitical uncertainty and inflation concerns. Agnico Eagle, AngloGold Ashanti, and Wheaton Precious Metals all reported positive developments and share price gains. These names offer a hedge against market volatility and inflation. 3. **Cautious on Consumer Staples like $SMPL:** Simply Good Foods’ sharp revenue miss and guidance cut suggest headwinds in consumer demand and margin pressure. Investors may want to avoid or short this name until clearer signs of stabilization emerge. Overall, the earnings season reflects a bifurcated market with strong AI and commodity-driven growth contrasting with pockets of margin stress in consumer and industrial sectors. Monitoring guidance and cost trends will be critical in the coming weeks.