Earnings Recap - February 08, 2026 (Morning)

 ## Overnight Earnings Movers ### Beats & Positive Reactions **$AAPL** - Apple Inc. - Reported strong earnings with revenue of $123.9 billion and EPS of $1.98, surpassing analyst expectations. The stock reacted positively due to better-than-expected iPhone sales and growth in services revenue. **$NFLX** - Netflix Inc. - Delivered earnings of $3.10 per share on revenue of $7.9 billion, exceeding forecasts. The stock rose as subscriber growth in international markets showed promise. ### Misses & Negative Reactions **$BLK** - BlackRock - Reported EPS of $8.50 on revenue of $4.4 billion, missing estimates. The stock declined as assets under management fell amid market volatility. **$SPOT** - Spotify - Posted a wider-than-expected loss of €0.80 per share, with revenue of €3.9 billion. The stock fell sharply due to concerns over slowing subscriber growth. ## Reporting Today - **$GOOGL** - After market - Key metrics to watch include ad revenue growth and YouTube performance, as these areas are critical for maintaining market dominance. - **$AMZN** - After market - Focus on AWS growth and overall revenue guidance as investors remain cautious about retail performance. ## Earnings Themes - **Revenue Trends**: Several companies, particularly in tech, reported stronger-than-expected revenues attributed to solid consumer demand, especially in digital services. - **Margin Pressures**: A number of firms highlighted rising operational costs, which could pressure margins despite strong top-line growth. - **Guidance Sentiment**: Generally positive, with many companies raising forward guidance, particularly in the tech sector, driven by optimism around AI and digital transformation. ## Earnings Trade Ideas - **$AAPL**: Consider buying on dips following their strong earnings report as momentum may continue with upcoming product launches. - **$NFLX**: Look for a potential short-term trade as the stock could benefit from positive sentiment around content releases and subscriber growth.