Earnings Recap - April 15, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$MS** - Morgan Stanley reported a strong first quarter with earnings beating estimates by $0.41 per share and revenue surpassing expectations. The stock rose 3.93% to $188.25, reflecting investor confidence in its robust investment banking and trading businesses amid market volatility. **$BLK** - BlackRock delivered a stellar Q1 with fee growth driving earnings beats. Despite some exposure to private credit, the firm maintained positive momentum, pushing shares up 3.73% to $1061.86. **$AMZN** - Amazon shares jumped 3.90% to $249.25 after the company announced its $11.6 billion Globalstar acquisition, a strategic move to accelerate its satellite network. This deal, coupled with strong AWS AI demand, has investors optimistic about Amazon’s growth trajectory. **$META** - Meta Platforms rallied 4.80% to $665.00, buoyed by strong AI chip partnerships and data center investments, signaling continued growth in its core business and AI infrastructure. **$NVDA** - Nvidia rose 3.31% to $195.57, supported by ongoing AI semiconductor demand and a positive outlook for its AI-related product portfolio. **$ORCL** - Oracle surged 6.61% to $165.91 following strong Q1 results and expanding partnerships in data center and cloud infrastructure, reinforcing its position in the AI-driven enterprise market. **$SNAP** - Snap’s stock soared 17.09% to $6.03 after announcing plans to reduce its workforce by 16%, a move aimed at improving profitability amid AI-driven operational efficiencies. **$COIN** - Coinbase climbed 6.68% to $186.19, benefiting from Bernstein’s forecast that prediction market volumes could hit $1 trillion by 2030, with Coinbase positioned as a key player. **$APO** - Apollo Global Management jumped 5.50% to $116.00, reflecting optimism around its private credit exposure and strategic positioning in alternative assets. **$MU** - Micron Technology gained 6.64% to $454.90, supported by strong memory chip demand and positive industry outlook. **$GLOO** - Gloo Holdings surged 13.67% to $7.07 on upbeat earnings and pipeline progress in CNS disorder treatments, supported by Wedbush’s reiteration of an outperform rating. ### Misses & Negative Reactions **$ASML** - ASML beat Q1 profit estimates but warned on export curbs and provided a cautious Q2 outlook, leading to a 1.35% decline to $1480.00. Despite strong sales in South Korea surpassing China, concerns over geopolitical risks weighed on the stock. **$WFC** - Wells Fargo shares fell 5.46% to $81.91 despite reporting earnings, as margin pressures and private credit exposure raised investor concerns. **$KMX** - CarMax plunged 15.14% to $41.65 after reporting weaker-than-expected earnings and issuing cautious guidance on margins, reflecting ongoing challenges in the used car market. **$WHLR** - Wheeler REIT dropped 15.61% to $0.75 following a share sale by a major investor, raising questions about liquidity and valuation. **$INTC** - Intel declined 2.79% to $63.36 amid mixed industry signals despite ongoing AI infrastructure investments. **$DY** - Dycom Industries slipped 1.18% to $392.25 after earnings that failed to excite investors, despite attractive entry point commentary. ## Reporting Today Companies expected to report earnings today: - **$BAC** - Before market open - Watch for Q1 earnings and revenue, with recent reports from peers like Morgan Stanley and Wells Fargo setting a positive tone. - **$JPM** - Before market open - Key metrics include profit margins and trading revenue amid geopolitical uncertainties. - **$GS** - Before market open - Investors will focus on investment banking fees and trading volumes. - **$AMT** - Before market open - Expect updates on tower leasing growth and margin trends. - **$HD** - After market close - Key to watch will be same-store sales and margin guidance amid consumer spending shifts. - **$WMT** - After market close - Focus on Q1 sales growth and e-commerce performance. - **$IBM** - After market close - Look for AI-driven revenue growth and margin expansion. - **$DIS** - After market close - Investors will watch content revenue and streaming subscriber trends. - **$SNPS** - After market close - Expect commentary on structural growth and synergy realization. - **$PLTR** - After market close - Focus on AI platform adoption and revenue guidance. Light earnings calendar today for non-financials beyond these key names. ## Earnings Themes - **Revenue Trends:** Financials like Morgan Stanley and BlackRock are showing strong fee growth and trading revenues, signaling resilience despite market volatility. Tech giants such as Amazon, Meta, and Nvidia continue to benefit from AI-driven demand, particularly in cloud and semiconductor segments. However, some cyclical names like CarMax and ASML face headwinds from supply chain and geopolitical uncertainties. - **Margin Pressures or Expansion:** Margin expansion is evident in firms optimizing costs and leveraging AI efficiencies, as seen with Snap’s workforce reduction and Oracle’s cloud partnerships. Conversely, Wells Fargo and CarMax highlight margin pressures from competitive and macroeconomic factors. - **Guidance Sentiment:** The tone is cautiously optimistic among large banks, with Morgan Stanley raising guidance on momentum, while ASML’s cautious Q2 outlook reflects export risks. Amazon’s strategic acquisition signals confidence in long-term growth, and Snap’s cost-cutting measures indicate a focus on profitability. ## Earnings Trade Ideas 1. **Long Morgan Stanley ($MS) and BlackRock ($BLK):** Both firms have demonstrated strong earnings beats and positive guidance, supported by robust investment banking and asset management fee growth. With the financial sector showing resilience, these stocks offer exposure to market volatility-driven revenues and private credit growth. 2. **Play AI Infrastructure with Amazon ($AMZN), Nvidia ($NVDA), and Oracle ($ORCL):** These companies are capitalizing on the AI data center boom, with Amazon’s Globalstar acquisition enhancing its satellite network and cloud capabilities. Nvidia’s semiconductor demand and Oracle’s expanding cloud partnerships position them well for sustained growth in AI-driven markets.