Earnings Recap - March 07, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$AESI** - Advanced Energy Industries reported earnings that lifted the stock by 4.95% to $11.88 from $11.32. The positive reaction suggests the company delivered better-than-expected results or outlook, although specific EPS or revenue figures were not disclosed. **$BA** - Boeing shares rose 3.75% to $230.38 after the company announced plans to quadruple munitions production following discussions with former President Trump and defense leaders. This defense sector boost reflects strong demand and strategic positioning amid geopolitical tensions. **$LMT** - Lockheed Martin gained 3.33% to $676.84, driven by commitments to significantly increase weapons production. The company’s outlook benefits from heightened defense spending and geopolitical risks. **$MRVL** - Marvell Technology surged 15.59% to $87.48 after B. Riley raised its price target from $130 to $135, signaling strong confidence in the company’s growth prospects, likely supported by recent earnings or guidance. **$NOW** - ServiceNow climbed 3.20% to $124.23, reflecting favorable earnings or guidance, supported by analyst commentary highlighting attractive monetization opportunities. **$ROKU** - Roku shares increased 2.33% to $100.40, with analysts seeing 32% upside potential, indicating positive earnings momentum or outlook. **$PLTR** - Palantir Technologies rose 2.57% to $156.60, recovering amid geopolitical tensions that may boost demand for its data analytics services. **$WDAY** - Workday gained 2.66% to $151.10, likely buoyed by strong earnings or positive guidance. **$OKTA** - Okta edged up 0.95% to $80.41, possibly reflecting steady earnings or confidence in its identity management solutions. **$IBM** - IBM increased 0.76% to $258.50, suggesting solid earnings or investor optimism about its technology services. **$DUK** - Duke Energy rose 0.48% to $132.24, supported by the announcement of a $6 billion at-the-market equity program, indicating capital raising for growth or stability. ### Misses & Negative Reactions **$MU** - Micron Technology fell 7.02% to $369.17, indicating a disappointing earnings report or cautious guidance amid a challenging semiconductor environment. **$BLK** - BlackRock dropped 7.68% to $955.55, suggesting earnings or outlook missed expectations, potentially impacted by market volatility or client outflows. **$TMDX** - TransMedics declined 7.91% to $128.99, reflecting investor concerns possibly related to earnings or operational challenges. **$TER** - Teradyne plunged 10.94% to $272.15, signaling a significant earnings miss or weak guidance in the semiconductor test equipment sector. **$DK** - Delek US Holdings dropped 6.23% to $42.00, likely pressured by earnings or energy market volatility. **$HOOD** - Robinhood fell 5.06% to $76.49 despite a strong buy rating, indicating mixed investor sentiment post-earnings. **$COIN** - Coinbase declined 4.84% to $195.75, reflecting ongoing volatility in cryptocurrency markets impacting earnings. **$TFC** - Truist Financial dropped 4.10% to $46.49, possibly due to earnings or credit concerns. **$RJF** - Raymond James fell 2.72% to $152.05, indicating some disappointment in earnings or outlook. **$BAC** - Bank of America declined 2.63% to $48.50, reflecting cautious investor sentiment despite recent executive stock sales. **$AMD** - Advanced Micro Devices dropped 3.73% to $192.02, possibly due to cautious guidance or profit-taking after a strong run. **$AMZN** - Amazon shares fell 2.94% to $212.50, despite a landmark $138 billion AWS deal, suggesting concerns about margins or growth sustainability. **$AZO** - AutoZone declined 2.69% to $3641.29, pressured by weak demand or cautious guidance. **$SHOP** - Shopify fell 3.52% to $130.04, despite a strong buy rating, reflecting concerns over liquidity or growth prospects. ## Reporting Today Companies expected to report earnings today: - **$AMGN** - Before market - Watch for updates on biotech pipeline progress and margin trends. - **$IBM** - Before market - Focus on cloud services growth and AI integration. - **$BAC** - Before market - Key metrics include loan growth, credit quality, and trading revenue. - **$F** (Ford) - Before market - Look for vehicle sales data and EV strategy updates. - **$GM** - Before market - Monitor production volumes and EV transition progress. - **$TGT** (Target) - Before market - Consumer spending trends and inventory management will be key. - **$TXN** (Texas Instruments) - Before market - Semiconductor demand and margin outlook. - **$WMT** (Walmart) - Before market - Same-store sales and e-commerce growth. - **$KO** (Coca-Cola) - Before market - Beverage volume trends and pricing power. - **$PEP** (PepsiCo) - Before market - Focus on snack/beverage growth and margin expansion. - **$LMT** - After market - Defense production ramp-up and contract wins. - **$MAR** (Marriott) - After market - Travel demand recovery and margin trends. - **$RCL** (Royal Caribbean) - After market - Cruise bookings and fuel cost impact. - **$SOFI** - After market - Lending growth and credit quality. - **$SQ** (Block) - After market - Payment volume and fintech innovation. - **$PLTR** - After market - Government contracts and commercial segment growth. - **$ROKU** - After market - Advertising revenue and subscriber trends. - **$OKTA** - After market - Identity platform adoption and churn rates. - **$TAP** (Molson Coors) - After market - Beverage sales and cost pressures. - **$SARO** (Saratoga Investment) - After market - Portfolio performance and dividend outlook. Light earnings calendar today relative to the broader market, but several key consumer, tech, and defense names will provide important data points. ## Earnings Themes - Revenue trends remain mixed, with tech and defense companies generally showing growth, while some semiconductor and energy-related firms face headwinds. - Margin pressures are evident in semiconductor equipment (Teradyne) and energy sectors (Delek US), while defense contractors (Lockheed Martin, Boeing) benefit from increased production commitments. - Guidance sentiment is cautiously optimistic among defense and AI-related firms, with notable upgrades in price targets (Marvell, ServiceNow). However, some financials and tech names are showing caution amid macroeconomic uncertainties and geopolitical risks. - The ongoing Middle East conflict and oil price surge are influencing earnings outlooks, particularly for energy and travel sectors, with cruise and airline stocks expected to report challenges. - AI and cloud computing continue to be key drivers for software and tech companies, as seen in positive reactions for Palantir, Workday, and Okta. ## Earnings Trade Ideas 1. **$LMT (Lockheed Martin)**: With commitments to quadruple munitions production and a strong defense spending backdrop, LMT offers a compelling trade idea on the long side ahead of its after-market earnings report. The stock’s recent 3.33% gain and geopolitical tailwinds support further upside potential. 2. **$MRVL (Marvell Technology)**: Following a significant price target upgrade and a 15.59% overnight jump, Marvell stands out as a growth play in semiconductors. Investors could consider buying on dips ahead of upcoming earnings to capitalize on strong analyst sentiment and AI-driven demand. 3. **Cautious Watch on $MU (Micron Technology)**: After a 7% drop on earnings concerns, MU may present a short-term trading opportunity on weakness if semiconductor demand stabilizes. However, investors should be wary of margin pressures and inventory risks. 4. **$ROKU (Roku)**: With a 2.33% rise and analyst optimism for 32% upside, Roku remains a key name to watch in streaming advertising. Earnings later today could provide a catalyst for further gains. Overall, the earnings landscape reflects a bifurcated market with defense and AI-related companies outperforming, while some semiconductors and financials face pressure amid macro and geopolitical uncertainties.