Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs
Toyota warned that operating income for the fiscal year ending March 2027 will fall to ¥3 trillion (about $20 billion), well under analyst forecasts of ¥4.6 trillion and last year’s ¥3.8 trillion. The Iran‑related supply‑chain shock is inflating aluminum, resin and shipping costs, shaving roughly ¥670 billion ($4.5 billion) from earnings and sending the stock down 3.5%. Honda posted its first ever operating loss, ¥400 billion ($2.7 billion), after scrapping three EV launches and confronting steep EV‑related expenses. The Japanese automaker hopes to rebound on strong motorcycle sales, a weaker yen and a turnaround plan for its North‑American and Chinese operations.
My S&P 500 Forecast for 2026
The S&P 500 has delivered roughly 6‑7% annual earnings growth over the past four decades, but its valuation has surged to a PE of 26 and a CAPE of 36—well above historical norms. The author argues that such elevated multiples...
Whirlpool Sales Plunge, Warns of 4 Percent Price Hikes, Blames Inflation
Whirlpool Corp. slashed its full‑year earnings outlook to $3‑$3.50 per share and halted its dividend as it confronts rising input costs, a new 25% tariff on imported appliances, and a heavy debt load. The company warned that list prices will...
Fiserv Faces a Difficult Reset Amid Revenue Declines
Fiserv reported first‑quarter adjusted revenue of $4.68 billion, down 2.4% year‑over‑year and missing analyst expectations. Both its Merchant Solutions and Financial Solutions divisions saw revenue declines, 1% and 6% respectively, reflecting weaker merchant growth and rising attrition in core banking. The...
Google Triumphs While Meta’s Bold AI Bet Backfires
Alphabet posted a 22% YoY revenue jump to $109.9 billion in Q1 2026, with earnings per share up 82%, while Google Cloud surged 63% and AI Max attracted hundreds of thousands of advertisers. Meta reported 33% revenue growth to $56.3 billion, driven...
The Closer – Leaping to New Highs, EIA, Employment – 5/6/26
The S&P 500 surged more than 1% on May 6, 2026, setting a fresh intraday high with the day’s low equal to the opening price. Samsung Electronics broke the $1 trillion market‑cap threshold, and together with SK Hynix now represents roughly...
TMTB EOD Wrap
The semiconductor sector led the market, pushing the QQQ index up 2% as semis rose 4.5%. ARM shares jumped 7% after reporting mixed Q1 results but beating license revenue expectations and unveiling its first data‑center silicon, the Arm AGI CPU,...
NASDAQ Index Traded to a New Session High. S&P and Dow Now up over 1%
The Nasdaq surged 1.58% to 25,726, hitting an intraday high of 25,741.14, while the S&P 500 rose 1.10% and the Dow gained about 1.02% near the 49,800 level. Large‑cap technology and growth stocks led the rally, with AMD and Super...
(Podcast) Upgrade 614: $100 Billion Is the Floor
Apple’s latest quarterly report shattered its own records, posting $117.5 billion in revenue and setting a $100 billion valuation floor for its emerging AI ventures. The hosts dissect how this financial strength could fuel the so‑called Ternus Era, marked by aggressive product...
Industrials (Top 30 Weights) Earnings Estimates/Revisions
Analysts have revised earnings estimates for the Industrials Sector ETF (XLI) top 30 stocks, with 21 companies raising 2026 forecasts and only eight lowering them over the past 60 days. The net upward movement translates to a 2.64% increase in...
Strong Growth
Earnings season highlighted robust growth, with Visa up 17% and Meta soaring 33% in revenue, while Coca‑Cola posted a solid 10% increase. The gains span digital payments, advertising, and consumer staples, reflecting healthy consumer and business spending. At the same...
Monopoly Round-Up: How Big Tech Earnings Show the Stock Market Is Being Manipulated
The blog argues that the simultaneous earnings releases of Google, Meta, Amazon and Microsoft—delivered within a two‑minute window—signal market manipulation. Because the same analysts cover multiple big‑tech firms, they cannot independently verify the numbers, allowing corporate narratives to dominate. The...
Quiet Indices, Roaring Stocks: The Volatility Dispersion Trade
Robust earnings from the Magnificent Seven and semiconductor leaders have propelled the S&P 500 and Nasdaq to fresh highs while index implied volatility fell to a three‑month low. In contrast, single‑stock volatility remains elevated, creating a pronounced dispersion between index and...
Greg Abel Has $400 Billion
Berkshire Hathaway’s cash reserves surged to $397.383 billion in Q1 2026, adding more than $24 billion after a Q4 dip. The conglomerate continued its 14‑quarter streak of net selling non‑Berkshire equities while restarting a modest share‑repurchase program of roughly $250 million. Since Warren...
Berkshire Hathaway Re/Insurance Underwriting Earnings Rose 29% to $1.717bn in Q1 2026
Berkshire Hathaway’s insurance and reinsurance underwriting earnings jumped 29% to $1.717 bn in Q1 2026, driven by a clean catastrophe slate and stronger casualty business. Property‑and‑casualty reinsurance earnings surged to $637 m, even as written premiums slipped to $5.99 bn due to competitive pricing...
📊 Weekly Market Recap 5/2/26: Record Highs, Big Earnings, and a Market Getting Much More Selective
The S&P 500 and Nasdaq closed the week at record highs, but the rally was driven by a narrow group of mega‑caps rather than broad market participation. AI‑heavy names like Nvidia sparked early gains, while earnings winners such as Alphabet,...
Constantly Fired Yet Did Not Give Up
The post argues that investors should look beyond today’s Magnificent Seven stocks, noting that market leadership inevitably rotates to newer companies with expanding cash flows and scalable models. Analysts have compiled a free report titled “These 7 Stocks Will Be...
Rule Change so SpaceX Should Join Sp500 6 Months After IPO
The S&P Dow Jones Indices has proposed rule changes that would let megacap firms such as SpaceX qualify for index inclusion after just six months of public trading, cutting the current twelve‑month waiting period. The proposal also removes the 10 %...
TMTB Morning Wrap
Futures in the S&P 500 edged up 15 basis points after a wave of strong earnings from internet and software companies. Twilio (TWLO), Atlassian (TEAM), Riot Platforms (RDDT) and Roku (ROKU) all posted beats, while Roblox (RBLX) lagged and Apple...
Zepbound Soars and Lilly Advises Patience on Foundayo
Eli Lilly reported a blockbuster first‑quarter, with revenue jumping 56% to $19.8 billion driven by soaring sales of its obesity drugs Zepbound and Mounjaro. Zepbound alone generated over $4 billion, up about 80% year‑over‑year, while Mounjaro nearly doubled to close to $9 billion. The...
Amazon Calls Unit Growth in Q1 the Highest Since Tail End of Lockdowns
Amazon reported Q1 2026 revenue of $181.5 billion, up 17% YoY, with net income soaring 77% to $30.3 billion. North America sales rose 12%, international 19%, and AWS surged 28%, keeping the cloud business at 21% of total revenue. Worldwide paid units grew...
10 Stocks Delivering Eye-Popping Gains
A dozen large‑cap stocks posted double‑digit gains on Thursday, echoing a broader Wall Street rally driven by robust earnings reports. The Dow and S&P 500 each rose over 1%, while the Nasdaq added 0.89%. Companies such as Magnum Ice Cream...
Apple Q2 2026 Results
Apple announced fiscal Q2 2026 results, posting $111.2 billion in revenue—a 17% year‑over‑year rise—and diluted earnings per share of $2.01, up 22%. The iPhone 17 family delivered record iPhone revenue, while Services hit an all‑time high. Operating cash flow reached $28 billion, supporting a...
Apple Beats, Raises Dividend, Boosts Buybacks
Apple posted its strongest March quarter ever, reporting $111.2 billion in revenue, a 17% year‑over‑year increase, and a 19.4% jump in net income. Earnings per share rose to $2.01, topping expectations by five cents, while operating cash flow set a new...
Apple Reports Q2 2026 Revenue of $111.2 Billion
Apple announced Q2 2026 revenue of $111.2 billion, marking its strongest March quarter on record. The surge was powered by double‑digit growth in every geographic segment, led by robust demand for the iPhone 17 lineup. Services also hit an all‑time high, while the...
Google Cracked AI Monetization. Meta, Microsoft, and Amazon Haven't.
Google’s latest earnings showcase a coherent AI monetization strategy that hits all three value‑creation modes—removing middlemen, unlocking new revenue streams, and expanding the ecosystem—propelling its stock up 9%. In contrast, Meta, Microsoft and Amazon all beat forecasts but lack clear...
Q1 Earnings and AI Surprises for Google, Amazon, Microsoft, Meta and TESLA Semi Mass Production
Alphabet reported a Q1 earnings surprise, posting $5.11 earnings per share versus the $2.63 consensus and revenue of $109.9 billion, beating the $107.2 billion outlook. Growth was broad‑based, with search up 16 % YoY, YouTube up 11.7 % YoY, and Google Cloud soaring 50 %...
Apple to Announce Q2 Fiscal Results Later Today
Apple will release its fiscal Q2 2026 results Thursday, projecting revenue between $108 billion and $111 billion—a 13%‑16% increase over the prior quarter. This would be only the second non‑holiday quarter Apple has topped $100 billion, underscoring the company’s expanding baseline sales. The...
TMTB Morning Wrap; Google, Amazon, MSFT, META KLAC EQIX & More Earnings Roundups
The earnings season highlighted AI and compute as the dominant theme, with Google delivering the cleanest results—search up 19% and cloud revenue soaring 63%—while raising FY26 capex to $180‑190 billion and hinting at a steep FY27 increase. Amazon posted solid growth,...
Canal+ Group Reports Stable Q1 as MultiChoice Integration Advances Toward Johannesburg Listing
Canal+ Group posted unaudited Q1 2026 results on April 28, showing consolidated revenue essentially flat year‑over‑year. The company highlighted that the integration of South Africa’s MultiChoice is progressing on schedule, with a Johannesburg listing slated for later this year. EBITDA...
UBS Raises Price Target From $280 to $287 but Maintains Neutral Rating
UBS analyst David Vogt raised Apple’s price target to $287 from $280 while maintaining a neutral rating. The adjustment reflects modest upside in iPhone estimates and solid demand for the Neo and Mac mini models. Vogt also upgraded earnings expectations,...
American Tower (AMT) Reports Q1 AFFO and Revenue Above Estimates
American Tower Corp. posted first‑quarter 2026 AFFO of $2.84 per share, topping the $2.50 consensus, while revenue rose to $2.74 billion versus $2.65 billion expected. CEO Steve Vondran highlighted robust demand from mobile data, cloud adoption, and AI workloads as catalysts for...
BTIG Raises Its Price Target on NextEra Energy (NEE) to $112
BTIG analyst Alex Kania raised his price target on NextEra Energy (NEE) to $112, up from $103, while keeping a Buy rating. Wells Fargo also lifted its target to $102, maintaining an Overweight stance. The utility reported first‑quarter adjusted EPS...
TD Cowen: 15% Revenue Growth, 10% Growth Guidance
TD Cowen analyst Krish Sankar reaffirmed a Buy rating on Apple with a $325 price target, forecasting more than 15% year‑over‑year revenue growth for the March quarter. He also expects the company to guide June‑quarter revenue up roughly 10% YoY,...
TMTB Morning Wrap
Seagate Technology (STX) posted a blockbuster Q3, with revenue up 44% year‑over‑year to $3.11 billion and non‑GAAP EPS of $4.10, far exceeding Street estimates. The company raised its full‑year outlook, guiding Q4 revenue of $3.45 billion and EPS of $5.00, implying a...
Post-Merger Omnicom on Track
Omnicom’s first‑quarter income jumped to $405 million in 2026, up from $287.7 million a year earlier, following its merger with IPG. Revenue reached $5.6 billion, a 3.9% increase that placed the combined group ahead of WPP but behind Publicis. CEO John Wren highlighted...
Expectations for the Quarter
Analysts expect Apple to post Q2 revenue of roughly $109.7 billion, with estimates ranging from $107.1 billion to $115.4 billion. The earnings‑per‑share consensus sits at $1.95, spanning a low of $1.56 and a high of $2.16. Both Yahoo Finance and TipRanks report similar...
Letter #328: Greg Abel (2026)
Greg Abel issued his inaugural annual letter as CEO of Berkshire Hathaway, reaffirming the conglomerate’s core culture of decentralized management, integrity, and long‑term stewardship. He highlighted the company’s massive liquidity—over $370 billion in cash and U.S. Treasury securities—and outlined recent acquisitions...
TMTB EOD Wrap: Spotify (SPOT) Thoughts, STX NXPI BE BKNG First Takes
The TMTB EOD wrap highlighted a mixed day for technology stocks as the QQQ index fell 1% and the broader semiconductor sector slipped 3.5% after a long rally. Despite the sector weakness, STMicroelectronics (STX) surged 18%, NXP Semiconductors (NXPI) rose...
Q1 2026 Earnings Conference Call Recaps: UPS (UPS)
UPS posted a record $3 billion revenue in Q1 2026 despite an 8% drop in U.S. package volume, as it trims low‑margin e‑commerce shipments and pivots to higher‑margin B2B, SMB, and healthcare logistics. The company’s restructuring targets $3 billion in cost savings...
Earnings Season Rolls On: Who Is Reporting After the Bell
Today's earnings roster reads like a macroeconomic litmus test, featuring companies whose performance reflects consumer confidence, discretionary spending, and industrial health. Visa, Starbucks and Mondelēz serve as gauges of global and household purchasing power, while NXP Semiconductors and Teradyne tie...
Buyside Bogeys (Wed 4/29): GOOGL, MSFT, META, AMZN, ETSY, EBAY
A cluster of heavyweight tech stocks—Alphabet (GOOGL), Microsoft (MSFT), Meta (META), Amazon (AMZN), Etsy (ETSY) and eBay (EBAY)—are flagged as "bogeys" ahead of tomorrow’s earnings releases. Analysts anticipate each company could miss consensus expectations, driven by slowing ad revenue, decelerating...
Truck Sales Drive GM’s Q1 Profitability as Company Raises Earnings Guidance
General Motors posted a 21.9% jump in adjusted Q1 earnings, driven by a dominant 42% U.S. full‑size pickup market share. Revenue slipped 0.9% to $43.6 billion, while net income fell 5.7% to $2.6 billion after a $1.1 billion settlement with EV suppliers. Adjusted...
Verizon Breaks a 13-Year Curse in a Promising Q1
Verizon reported its first positive postpaid phone net additions in Q1 2026, adding 55,000 devices after a 13‑year streak of declines. The carrier posted adjusted EBITDA of $13.4 billion, free cash flow of $3.8 billion, and adjusted EPS of $1.28. Total wireless...
12 Best Growth Stocks to Buy and Hold in 2026
The S&P 500 and Nasdaq closed at record levels in late April as 81% of S&P 500 earnings beat forecasts, prompting analysts to lift 2026 earnings growth expectations to nearly 20%. A wave of AI‑driven IPOs—SpaceX, OpenAI and Anthropic—could command a combined...
WPP Falls Back in Q1 2026 – but Says It’s All in the Plan
WPP reported Q1 2026 revenue of £3.03 bn ($3.9 bn), down 6.6% YoY and 4.0% like‑for‑like, with its organic‑growth measure falling 6.7%. CEO Cindy Rose framed the decline as expected under the newly launched Elevate28 plan and highlighted the "WPP Open" platform...
Talk Your Book: Consternation About Concentration
The podcast, sponsored by State Street, examines the explosive expansion of the ETF market, noting that global assets under management have surpassed $12 trillion. It highlights a portfolio rotation from the Mag‑7 mega‑caps toward small‑cap, industrial and international equities, driven by...
KOSPI Surges +2.15%: Semiconductor Earnings Concentration Drives All-Time High
The KOSPI jumped 2.15% to an all‑time high as semiconductor earnings from Intel, Samsung and SK Hynix sparked a concentrated rally. Samsung (25.45% weight) and SK Hynix (17.19% weight) together drove 72.8% of the index’s gain, accounting for roughly $1.3 billion of foreign...
Soft Expectations
Earnings season shows resilience, with about 80 % of S&P 500 firms beating earnings forecasts and roughly two‑thirds surpassing revenue estimates. Growth, however, has plateaued at mid‑single‑digit rates, underscoring that the outperformance is driven largely by a few mega‑caps such as Microsoft...
Doug O'Laughlin (Semianalysis) & TMTB Slack AMA Summary
Nvidia’s soaring market capitalization now rivals Apple’s, prompting analysts to question the sustainability of its valuation multiples. While the company dominates global GPU supply, its share could contract from roughly 95% to a 60‑70% range as competition intensifies. Despite potential...