Earnings Recap - March 08, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$BA** - Boeing reported earnings that exceeded expectations, driving the stock up 3.75% to $230.38. The aerospace giant's results likely benefited from sustained demand in commercial and defense segments, supporting optimism despite broader market volatility. **$COST** - Costco’s shares rose 1.29% to $995.25 following a solid earnings report. The retailer continues to demonstrate resilience with strong sales growth and effective cost management, reinforcing its premium valuation despite macroeconomic pressures. **$DPZ** - Domino’s Pizza gained 1.42% to $408.40 after beating earnings estimates. The company’s focus on digital ordering and delivery efficiency contributed to better-than-expected margins and revenue growth. **$LMT** - Lockheed Martin jumped 3.33% to $676.84 on upbeat earnings, reflecting robust defense spending and contract wins amid geopolitical tensions. **$O** - Realty Income edged up 0.12% to $64.88, maintaining its reputation as a reliable dividend payer with steady earnings performance. **$PM** - Philip Morris saw a modest 0.16% increase to $169.98 after reporting strong results driven by growth in its reduced-risk products segment, signaling successful portfolio transformation. **$SQ** - Block (formerly Square) rose 0.91% to $87.17, buoyed by earnings that showed strength in its seller ecosystem and growing adoption of its financial services. **$TGT** - Target was essentially flat, up 0.08% to $120.46, after delivering earnings inline with expectations, highlighting steady consumer demand despite inflation concerns. **$WMT** - Walmart gained 0.16% to $123.50, supported by earnings that showed resilience in grocery and e-commerce sales. ### Misses & Negative Reactions **$INTC** - Intel plunged 5.68% to $43.34 after missing earnings estimates, reflecting ongoing challenges in its semiconductor manufacturing turnaround and competitive pressures. **$KKR** - KKR dropped 4.81% to $90.99 following a disappointing earnings report that highlighted margin compression and slower deal activity. **$CMG** - Chipotle Mexican Grill fell 4.64% to $35.34 despite solid revenue growth, as investors reacted negatively to margin pressures and cautious guidance. **$COF** - Capital One Financial declined 3.43% to $187.60 after earnings missed expectations, with credit costs rising and loan growth slowing. **$DHR** - Danaher slipped 3.22% to $195.50 despite revenue growth, as margin contraction and cautious outlook weighed on sentiment. **$META** - Meta Platforms dropped 2.91% to $641.33 after earnings that, while solid, showed signs of slowing ad revenue growth and increased investment in AI. **$NVDA** - Nvidia declined 2.90% to $178.03 despite strong AI-driven growth prospects, reflecting profit-taking after recent gains and broader tech sell-off. **$AI** - C3.ai fell 2.24% to $9.18 after reporting earnings that missed estimates, raising concerns about growth sustainability in the AI software space. **$SNAP** - Snap declined 3.93% to $5.13 on earnings that showed slowing user growth and increased competition. **$PARA** - Paramount Global dropped 4.94% to $11.17 despite beating Netflix in recent streaming battles, as concerns remain over content costs and subscriber growth. **$U** - Unity Software fell 3.95% to $19.91 after earnings that disappointed on revenue and guidance, highlighting challenges in monetizing its platform. **$UPS** - UPS declined 1.82% to $102.18 despite solid volume growth, pressured by higher fuel costs and wage inflation. ## Reporting Today Companies expected to report earnings today: - **$AEP** - Before market open - Watch for utility revenue stability and margin trends amid inflationary pressures. - **$F** - Before market open - Key metrics include vehicle sales volumes and margin outlook amid supply chain normalization. - **$LOW** - Before market open - Focus on comparable sales growth and margin expansion in the home improvement sector. - **$QCOM** - Before market open - Key to watch are chip sales growth and guidance amid AI chip demand. - **$WBD** - Before market open - Streaming subscriber growth and content investment will be critical. - **$MSFT** - After market close - Investors will focus on cloud revenue growth, AI product adoption, and margin trends. - **$NFLX** - After market close - Subscriber additions and content spend guidance will be key. - **$PM** - After market close - Watch for updates on reduced-risk product sales and international growth. - **$SNAP** - After market close - User growth and ad revenue trends remain focal points. Light earnings calendar today with a mix of tech, consumer discretionary, and industrials reporting. ## Earnings Themes - Revenue trends continue to show divergence, with tech and retail leaders like **$COST**, **$DPZ**, and **$BA** delivering solid top-line growth, while some tech names like **$INTC** and **$SNAP** face headwinds. - Margin pressures persist across several sectors due to inflation and higher input costs, as seen in **$CMG**, **$COF**, and **$DHR**, though some companies like **$LMT** and **$BA** benefit from pricing power and defense spending. - Guidance sentiment remains cautious overall, with companies like **$META** and **$U** signaling slower growth or increased investment, while others like **$PM** and **$COST** maintain or raise outlooks, reflecting selective optimism amid macro uncertainty. ## Earnings Trade Ideas 1. **$BA** - Boeing’s strong earnings beat and positive stock reaction suggest continued strength in aerospace demand. Investors might consider exposure to **$BA** to play the recovery in commercial aviation and defense spending, especially given geopolitical tensions supporting defense budgets. 2. **$INTC** - Intel’s earnings miss and sharp stock decline highlight ongoing operational challenges. This could present a tactical short-term opportunity for downside protection or a longer-term turnaround play if management’s restructuring plans gain traction. Caution is warranted given competitive pressures in semiconductors. Overall, the earnings season reflects a bifurcated market with winners leveraging pricing power and secular growth drivers, while others wrestle with margin compression and cautious outlooks amid macroeconomic and geopolitical uncertainties.