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Während der Q1-Ergebniszeitraum abgeschlossen wird, lassen wir uns auf diese Quartalsbeste und -schlechtesten in der Consumer-Internet-Branche ein. Dazu gehören Alphabet (NASDAQ:GOOGL) und seine Peers.

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P&G handelt unter seinem 200-Tage-Mittelwert, hat seine Dividende in 70 aufeinanderfolgenden Jahren erhöht und hält 12,3 Milliarden Dollar Bargeld. Wayfair's jüngste Erholung verdeckt einen negativen Aktienkapital von 2,84 Milliarden Dollar, einen Nettoverlust von 105 Millionen Dollar und eine Aktie, die im Laufe des Jahres um 33% gefallen ist. Der Analyst, der NVIDIA 2010 richtig vorhergesagt hat, hat seine Top-10-AI-Aktien vorgestellt – P&G wurde nicht aufgeführt.

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Einige Aktien stiegen im Nachmittagsabschnitt nach dem Fortschritt der Friedensgespräche zwischen Iran und USA sowie dem Allzeithoch des breiteren Marktes an. Online-Händler (Amazon, Shopify, eBay, Wayfair, Chewy, Etsy) sind Technologieaktien, die als Händler verkleidet sind. Sie handeln mit Multiplikatoren, die direkt mit den Zinssenkungen zusammenhängen, daher werden sie auch durch dieselbe Zinsabnahme wie Micron während der Sitzung angehoben. Online-Händler versenden riesige Paketmengen. Amazon alleine liefert jährlich Milliarden von Paketen aus. Die Kosten für Diesel betragen etwa ein Viertel der letzten Meilen-Lieferkosten, daher verbessern sich die Margen um 5% bei den Ölpreisen materialweise. Eine geringere Zinsrate verbessert auch den Barwert dieser hochwachsenden Unternehmen, die ihren Wert hauptsächlich aus Cashflows über 5 Jahre erzielen.

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Übersicht über die Unternehmen, die gestern Aufmerksamkeit erregt haben:

Nvidia (NASDAQ:NVDA): Führender Entwickler von Grafikchips. Nvidia stieg um 2,7% am Mittwoch an, nachdem sich das Sentiment verbessert hat, gefördert durch eine Kombination positiver Nachrichten, einschließlich eines Preisanpassungsvorschlags der Bank of America und wachsender Optimismus über die Nachfrage nach AI-Chip-Technologie im Anschluss an ein hochrangiges US-Handelsgipfel in China.

Siehe unseren vollständigen Artikel hier.

Ist jetzt der richtige Zeitpunkt, Nvidia zu kaufen? Zugriff auf unseren vollständigen Analysebericht hier, kostenlos.

Salesforce (NYSE:CRM): CRM-Software-Riese Salesforce fiel um 3,3% am Mittwoch nach dem April-PPI-Bericht, bei dem die Zinsen für Staatsanleihen mit einer Laufzeit von zehn Jahren auf 10-Monatshöhe stiegen, wobei der Zinssatz für eine zehnjährige Anleihe auf 4,49% anstieg. Siehe unseren vollständigen Artikel hier.

Ist jetzt der richtige Zeitpunkt, Salesforce zu kaufen? Zugriff auf unseren vollständigen Analysebericht hier, kostenlos.

The Trade Desk (NASDAQ:TTD): Digitale Werbeplattform The Trade Desk fiel um 3,1% am Mittwoch nach dem April-PPI-Bericht, bei dem die Zinsen für Staatsanleihen mit einer Laufzeit von zehn Jahren auf 10-Monatshöhe stiegen, wobei der Zinssatz für eine zehnjährige Anleihe auf 4,49% anstieg. Siehe unseren vollständigen Artikel hier.

Ist jetzt der richtige Zeitpunkt, The Trade Desk zu kaufen? Zugriff auf unseren vollständigen Analysebericht hier, kostenlos.

Wayfair (NYSE:W): Online-Händler für Haushaltswaren Wayfair fiel um 2,7% am Mittwoch nach dem April-PPI-Bericht, bei dem der Zinssatz für eine zehnjährige Anleihe auf 10-Monatshöhe stieg und die Erwartungen an eine Rate-Kürzung im Jahr 2026 eliminiert wurden. Siehe unseren vollständigen Artikel hier.

Ist jetzt der richtige Zeitpunkt, Wayfair zu kaufen? Zugriff auf unseren vollständigen Analysebericht hier, kostenlos.

Dynatrace (NYSE:DT): Cloud-Beobachtungsplattform Dynatrace fiel um 13,1% am Mittwoch nach dem Finanzprognose des Unternehmens für das laufende Quartal, die auf einen potenziellen Rückschlag hindeutet, der seine ersten Quartalsergebnisse übertraf. Siehe unseren vollständigen Artikel hier.

Ist jetzt der richtige Zeitpunkt, Dynatrace zu kaufen? Zugriff auf unseren vollständigen Analysebericht hier, kostenlos.

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The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.02%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.62%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.98%.  June E-mini S&P futures (ESM26) rose +1.01%, and June E-mini Nasdaq futures (NQM26) rose +0.95%.

Stock indexes rallied sharply on Thursday, with the S&P 500 and Nasdaq 100 posting new all-time highs and the Dow Jones Industrials posting a 1-week high.  Better-than-expected earnings results from Alphabet and Qualcomm supported gains in the broader market.  Alphabet rallied more than +9% after reporting Q1 revenue ex-TAC of $94.57 billion, above the consensus of $91.57 billion.  Qualcomm surged more than +15% to lead chipmakers higher after reporting stronger-than-expected Q2 adjusted revenue.  In addition, lower crude oil prices on Thursday lowered inflation expectations and bond yields, both of which are supportive of stocks. The 10-year T-note yield fell -5 bp at 4.38%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

On the negative side, Meta Platforms fell more than -8% after issuing a capital expenditure forecast that was higher than expected.  Also, Microsoft closed down more than -3%, despite reporting Q3 results that beat expectations, as analysts expressed concern about the pace of growth in the company’s Azure cloud-computing business.

Stocks maintained their gains on Thursday after mixed US economic news. Weekly jobless claims fell to a 57-year low, while Q1 US GDP grew at a slower-than-expected pace.

US weekly initial unemployment claims fell -26,000 to a 57-year low of 189,000, showing a stronger labor market than expectations of 212,000.  Weekly continuing claims fell -23,000 to a 2-year low of 1.785 million, showing a stronger labor market than expectations of 1.815 million.

US Mar personal spending rose +0.9% m/m, right on expectations. Mar personal income rose +0.6% m/m, stronger than expectations of +0.3% m/m.

The US Mar core PCE price index, the Fed's preferred inflation gauge, rose +0.3% m/m and +3.2% y/y, right on expectations, with the +3.2% y/y gain being the largest increase in 2.25 years.

The US Q1 employment cost index rose +0.9%, stronger than expectations of +0.8%

US Q1 GDP rose +2.0% (q/q annualized), weaker than expectations of +2.3%.  The Q1 core PCE price index rose +4.3%, stronger than expectations of +4.1% and the largest increase in 3 years.

The US Apr MNI Chicago PMI unexpectedly fell -3.6 to a 4-month low of 49.2, weaker than expectations of an increase to 54.9.

US Mar leading indicators fell -0.6% m/m, weaker than expectations of -0.2% m/m and the biggest decline in 11 months.

WTI crude oil prices (CLM26) fell from a 3-week high on Thursday and closed down by more than -1% amid concerns that higher oil prices are starting to weigh on economic growth, which could further depress demand for crude.  Crude prices initially rose on Thursday after Axios reported that President Trump will be briefed on new military options for action in Iran, signaling the potential for fresh escalation in the war.  US Central Command has prepared a plan for a "short and powerful" wave of strikes on Iran, likely infrastructure targets.   The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire.  The Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis, as flows of crude, natural gas, and oil products from the Persian Gulf have been cut off since the war began in late February.  The ongoing blockade could exacerbate global oil and fuel shortages, as about a fifth of the world’s oil and liquefied natural gas transits through the strait.  Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, or more than 50%, so far in April, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could hit a billion bbl by June.

Kevin Warsh won the banking confirmation vote of the Senate Banking Committee on Wednesday, putting him on track to be confirmed as Fed Chair by the full Senate before Jerome Powell’s term ends on May 15.  Fed Chair Powell said after Wednesday’s FOMC meeting that he will continue to serve as Fed Governor “for a period of time to be determined.”  Mr. Powell’s seat on the Board of Governors doesn’t expire until 2028.

The markets are discounting an 8% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.

Earnings season ramps up this week with several Magnificent Seven technology stocks reporting.  Earnings results thus far have been supportive of stocks.  As of Thursday, 80% of the 247 S&P 500 companies that reported Q1 earnings have beaten estimates.  Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence.  Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.

Overseas stock markets settled mixed on Thursday.  The Euro Stoxx 50 recovered from a 3-week low and closed up +1.12%.  China's Shanghai Composite climbed to a 1.5-month high and closed up +0.11%.  Japan's Nikkei Stock Average closed down -1.06%.

Interest Rates

June 10-year T-notes (ZNM6) on Thursday closed up by +7.5 ticks.  The 10-year T-note yield fell -5.0 bp to 4.380%.  T-note prices found support on Thursday amid a -1% decline in WTI crude oil prices, which lowered inflation expectations.  Also, weaker-than-expected US Q1 GDP is supportive for T-note prices.

Gains in T-notes were limited on Thursday after US weekly jobless claims fell to a 57-year low, and the Q1 employment cost index rose more than expected, hawkish factors for Fed policy.  Also, Thursday’s rally in the S&P 500 to a new record high reduced safe-haven demand for T-notes.

European government bond yields moved lower on Thursday.  The 10-year German bund yield fell from a 15-year high of 3.133% and finished down -7.4 bp to 3.037%.  The 10-year UK gilt yield fell from a 1-month high of 5.088% and finished down -5.9 bp to 5.012%.

Eurozone Apr CPI rose +3.0% y/y, right on expectations and the strongest pace of increase in 2.5 years.  Apr core CPI rose +2.2% y/y, right on expectations.

The Eurozone Mar unemployment rate fell -0.1 and matched a record low of 6.2%, right on expectations.

Eurozone Q1 GDP rose +0.1% q/q and +0.8% y/y, weaker than expectations of +0.2% m/m and +0.9% y/y.

German Mar retail sales fell -2.0% m/m, weaker than expectations of -0.2% m/m and the biggest decline in nearly 3.5 years.

The German Apr unemployment change rose by +20,000, showing a weaker labor market than expectations of 4,300.  The Apr unemployment rate was unchanged at 6.4%, showing a weaker labor market than expectations of 6.3%

The ECB, as expected, kept the deposit facility rate unchanged at 2.00% and said, "The upside risks to inflation and the downside risks to growth have intensified."

ECB President Christine Lagarde said, "The economic growth outlook is highly uncertain and will depend on how long the war in the Middle East will last, how strongly it affects energy and other commodity markets, as well as global supply chains."  She added, "Incoming information suggests the conflict is weighing on economic activity, surveys point to slowing growth, and consumers and businesses have become less confident about the future."

Bloomberg reported that several ECB officials said they are likely to raise interest rates at their June meeting unless there are positive developments on energy prices and an end to the Iran war.

The BOE, as expected, kept its key interest rate unchanged at 3.75% in an 8-1 vote.  BOE Governor Bailey said that unchanged interest rates are "a reasonable place."

Swaps are discounting an 89% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.

US Stock Movers

Qualcomm (QCOM) closed up more than +15% to lead gainers in the Nasdaq 100 after reporting Q2 adjusted revenue of $10.60 billion, above the consensus of $10.56 billion, and saying it was “excited” by its entry into data centers, where a “leading hyperscaler custom silicon engagement is on track for initial shipments later this year.”  Other chipmakers and AI-infrastructure stocks rallied on the news, with Western Digital (WDC), Advanced Micro Devices (AMD), and Marvell Technology (MRVL) closing up more than +5%, and ARM Holdings Plc (ARM) and Texas Instruments (TXN) closing up more than +4%.  Also, Lam Research (LRCX), Applied Materials (AMAT), Analog Devices (ADI), ASML Holding NV (ASML), and Microchip Technology (MCHP) closed up more than +3%.

Quanta Services (PWR) closed up more than +15% to lead gainers in the S&P 500 after reporting Q1 revenue of $7.87 billion, well above the consensus of $7.02 billion.

Teradyne (TER) closed up more than +12% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $400.

Caterpillar (CAT) closed up more than +9% to lead gainers in the Dow Jones Industrials after reporting Q1 adjusted EPS of $5.54, well above the consensus of $4.63.

Alphabet (GOOGL) closed up more than +9% after reporting Q1 revenue ex-TAC of $94.57 billion, above the consensus of $91.57 billion.

Eli Lilly (LLY) closed up more than +9% after raising its full-year revenue forecast to $82 billion to $85 billion from a previous forecast of $80 billion to $83 billion.

O’Reilly Automotive (ORLY) closed up more than +7% after reporting Q1 operating income of $841.6 million, higher than the consensus of $807.9 million.

Royal Caribbean Cruises Ltd (RCL) closed up more than +3% after reporting Q1 adjusted EPS of $3.60, stronger than the consensus of $3.21.

Wayfair (W) closed down more than -13% after reporting Q1 adjusted EPS of 26 cents, weaker than the consensus of 30 cents.

Willis Towers Watson Plc (WTW) closed down more than -11% to lead losers in the S&P 500 after reporting Q1 revenue of $2.41 billion, below the consensus of $2.42 billion.

International Paper (IP) closed down more than -9% after reporting Q1 adjusted operating EPS of 15 cents, below the consensus of 17 cents.

Meta Platforms (META) closed down more than -8% to lead losers in the Nasdaq 100 despite reporting better-than-expected Q1 earnings as it raised its full-year capital expenditure forecast to $125 billion to $145 billion from $115 billion to $135 billion, above the consensus of $123.11 billion.

Nvidia (NVDA) closed down by more than -4% to lead losers in the Dow Jones Industrials after Goldman Sachs said investors should favor big spending “hyperscalers” over chipmakers.

Microsoft (MSFT) closed down more than -3% despite reporting Q3 results that beat expectations, as analysts expressed concern about the pace of growth in the company’s Azure cloud-computing business.

Smurfit Westrock (SW) closed down more than -3% after reporting Q1 adjusted Ebitda of $1.08 billion, weaker than the consensus of $1.15 billion.

Earnings Reports(5/1/2026)

AES Corp/The (AES), Affiliated Managers Group Inc (AMG), Aon PLC (AON), Ares Management Corp (ARES), AutoNation Inc (AN), Brookfield Renewable Corp (BEPC), Cboe Global Markets Inc (CBOE), Chevron Corp (CVX), Church & Dwight Co Inc (CHD), Colgate-Palmolive Co (CL), Dominion Energy Inc (D), Estee Lauder Cos Inc/The (EL), Exxon Mobil Corp (XOM), Federal Realty Investment Trust (FRT), Gates Industrial Corp PLC (GTES), HF Sinclair Corp (DINO), Lazard Inc (LAZ), Lear Corp (LEA), Liberty Global Ltd (LBTYA), Linde PLC (LIN), LyondellBasell Industries NV (LYB), Madison Square Garden Sports Corp (MSGS), Moderna Inc (MRNA), Newell Brands Inc (NWL), nVent Electric PLC (NVT), OneMain Holdings Inc (OMF), Summit Therapeutics Inc (SMMT), TPG Inc (TPG). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Stocks Rise Before the Open as Investors Weigh Big Tech Earnings, Iran War NewsStock Index Futures Gain on Tech Boost Ahead of Fed Decision and Megacap EarningsNasdaq Futures Plunge as AI Concerns Resurface, FOMC Meeting and Earnings in FocusOption Volatility and Earnings Report for April 27 – May 1

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The S&P 500 Index ($SPX) (SPY) today is up +0.39%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%.  June E-mini S&P futures (ESM26) are up +0.35%, and June E-mini Nasdaq futures (NQM26) are up +0.17%.

Stock indexes are climbing today, with the Nasdaq 100 posting a new all-time high.  Better-than-expected earnings results from Alphabet and Qualcomm are supporting gains in the broader market.  Alphabet is up more than +6% after reporting Q1 revenue ex-TAC of $94.57 billion, above the consensus of $91.57 billion.  Qualcomm is up more than +16% after reporting stronger-than-expected Q2 adjusted revenue.  In addition, lower crude oil prices have lowered inflation expectations and bond yields, both of which are supportive of stocks.  The 10-year T-note yield is down -4 bp at 4.39%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

On the negative side, Meta Platforms is down by more than -9% after issuing a capital expenditure forecast that was higher than expected.  Also, Microsoft is down more than -4%, despite reporting Q3 results that beat expectations, as analysts expressed concern about the pace of growth in the company’s Azure cloud-computing business.

Stocks maintained their gains after mixed US economic news. Weekly jobless claims fell to a 57-year low, while Q1 US GDP grew at a slower-than-expected pace.

US weekly initial unemployment claims fell -26,000 to a 57-year low of 189,000, showing a stronger labor market than expectations of 212,000.  Weekly continuing claims fell -23,000 to a 2-year low of 1.785 million, showing a stronger labor market than expectations of 1.815 million.

US Mar personal spending rose +0.9% m/m, right on expectations. Mar personal income rose +0.6% m/m, stronger than expectations of +0.3% m/m.

The US Mar core PCE price index, the Fed's preferred inflation gauge, rose +0.3% m/m and +3.2% y/y, right on expectations, with the +3.2% y/y gain being the largest increase in 2.25 years.

The US Q1 employment cost index rose +0.9%, stronger than expectations of +0.8%

US Q1 GDP rose +2.0% (q/q annualized), weaker than expectations of +2.3%.  The Q1 core PCE price index rose +4.3%, stronger than expectations of +4.1% and the largest increase in 3 years.

The US Apr MNI Chicago PMI unexpectedly fell -3.6 to a 4-month low of 49.2, weaker than expectations of an increase to 54.9.

US Mar leading indicators fell -0.6% m/m, weaker than expectations of -0.2% m/m and the biggest decline in 11 months.

WTI crude oil prices (CLM26) fell from a 3-week high today and are down by more than -1% on concerns that higher oil prices are starting to weigh on economic growth, which could further depress demand for crude.  Crude prices initially rose today after Axios reported that President Trump will be briefed on new military options for action in Iran, signaling the potential for fresh escalation in the war.  US Central Command has prepared a plan for a "short and powerful" wave of strikes on Iran, likely infrastructure targets.   The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire.  The Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis, as flows of crude, natural gas, and oil products from the Persian Gulf have been cut off since the war began in late February.  The ongoing blockade could exacerbate global oil and fuel shortages, as about a fifth of the world’s oil and liquefied natural gas transits through the strait.  Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, or more than 50%, so far in April, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could hit a billion bbl by June.

Kevin Warsh won the banking confirmation vote of the Senate Banking Committee on Wednesday, putting him on track to be confirmed as Fed Chair by the full Senate before Jerome Powell’s term ends on May 15.  Fed Chair Powell said after Wednesday’s FOMC meeting that he will continue to serve as Fed Governor “for a period of time to be determined.”  Mr. Powell’s seat on the Board of Governors doesn’t expire until 2028.

The markets are discounting a 3% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.

Earnings season ramps up this week with several Magnificent Seven technology stocks reporting.  Earnings results thus far have been supportive of stocks.  As of today, 80% of the 247 S&P 500 companies that reported Q1 earnings have beaten estimates.  Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence.  Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.

Overseas stock markets are mixed today.  The Euro Stoxx 50 recovered from a 3-week low and is up +0.72%.  China's Shanghai Composite climbed to a 1.5-month high and closed up +0.11%.  Japan's Nikkei Stock Average closed down -1.06%.

Interest Rates

June 10-year T-notes (ZNM6) today are up by +7 ticks.  The 10-year T-note yield is down -4.4 bp to 4.386%.  T-note prices are finding support today from a -1% fall in WTI crude oil prices, which lowers inflation expectations.  Also, weaker-than-expected US Q1 GDP is supportive for T-note prices.  Gains in T-notes are limited after US weekly jobless claims fell to a 57-year low, and the Q1 employment cost index rose more than expected, hawkish factors for Fed policy.

European government bond yields are moving lower today.  The 10-year German bund yield fell from a 15-year high of 3.133% and is down -8.1 bp to 3.029%.  The 10-year UK gilt yield fell from a 1-month high of 5.088% and is down -7.2 bp to 5.000%.

Eurozone Apr CPI rose +3.0% y/y, right on expectations and the strongest pace of increase in 2.5 years.  Apr core CPI rose +2.2% y/y, right on expectations.

The Eurozone Mar unemployment rate fell -0.1 and matched a record low of 6.2%, right on expectations.

Eurozone Q1 GDP rose +0.1% q/q and +0.8% y/y, weaker than expectations of +0.2% m/m and +0.9% y/y.

German Mar retail sales fell -2.0% m/m, weaker than expectations of -0.2% m/m and the biggest decline in nearly 3.5 years.

The German Apr unemployment change rose by +20,000, showing a weaker labor market than expectations of 4,300.  The Apr unemployment rate was unchanged at 6.4%, showing a weaker labor market than expectations of 6.3%

The ECB, as expected, kept the deposit facility rate unchanged at 2.00% and said, "The upside risks to inflation and the downside risks to growth have intensified."

ECB President Christine Lagarde said, "The economic growth outlook is highly uncertain and will depend on how long the war in the Middle East will last, how strongly it affects energy and other commodity markets, as well as global supply chains."  She added, "Incoming information suggests the conflict is weighing on economic activity, surveys point to slowing growth, and consumers and businesses have become less confident about the future."

The BOE, as expected, kept its key interest rate unchanged at 3.75% in an 8-1 vote.  BOE Governor Bailey said that unchanged interest rates are "a reasonable place."

Swaps are discounting a 91% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.

US Stock Movers

Qualcomm (QCOM) is up more than +16% to lead gainers in the S&P 500 and Nasdaq 100 after reporting Q2 adjusted revenue of $10.60 billion, above the consensus of $10.56 billion, and saying it was “excited” by its entry into data centers, where a “leading hyperscaler custom silicon engagement is on track for initial shipments later this year.”

Teradyne (TER) is up more than +14% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $400.

Quanta Services (PWR) is up more than +12% after reporting Q1 revenue of $7.87 billion, well above the consensus of $7.02 billion.

Caterpillar (CAT) is up more than +8% to lead gainers in the Dow Jone Industrials after reporting Q1 adjusted EPS of $5.54, well above the consensus of $4.63.

Eli Lilly (LLY) is up more than +8% after raising its full-year revenue forecast to $82 billion to $85 billion from a previous forecast of $80 billion to $83 billion.

Royal Caribbean Cruises Ltd (RCL) is up more than +8% after reporting Q1 adjusted EPS of $3.60, stronger than the consensus of $3.21.

Alphabet (GOOGL) is up more than +6% after reporting Q1 revenue ex-TAC of $94.57 billion, above the consensus of $91.57 billion.

O’Reilly Automotive (ORLY) is up more than +6% after reporting Q1 operating income of $841.6 million, higher than the consensus of $807.9 million.

Willis Towers Watson Plc (WTW) is down more than -14% to lead losers in the S&P 500 after reporting Q1 revenue of $2.41 billion, below the consensus of $2.42 billion.

Wayfair (W) is down more than -10% after reporting Q1 adjusted EPS of 26 cents, weaker than the consensus of 30 cents.

Meta Platforms (META) is down more than -9% to lead losers in the Nasdaq 100 despite reporting better-than-expected Q1 earnings as it raised its full-year capital expenditure forecast to $125 billion to $145 billion from $115 billion to $135 billion, above the consensus of $123.11 billion.

International Paper (IP) is down more than -6% after reporting Q1 adjusted operating EPS of 15 cents, below the consensus of 17 cents.

Microsoft (MSFT) is down more than -4% to lead losers in the Dow Jones Industrials, despite reporting Q3 results that beat expectations, as analysts expressed concern about the pace of growth in the company’s Azure cloud-computing business.

Smurfit Westrock (SW) is down more than -3% after reporting Q1 adjusted Ebitda of $1.08 billion, weaker than the consensus of $1.15 billion.

Ford Motor (F) is down more than -3% after warning that an unexpected rise in commodity costs will weigh on earnings.

Earnings Reports(4/30/2026)

A O Smith Corp (AOS), Air Products and Chemicals Inc (APD), Alliant Energy Corp (LNT), Altria Group Inc (MO), American International Group Inc (AIG), AMETEK Inc (AME), Amgen Inc (AMGN), Apple Inc (AAPL), Arthur J Gallagher & Co (AJG), Baxter International Inc (BAX), Bristol-Myers Squibb Co (BMY), Broadridge Financial Solutions (BR), Builders FirstSource Inc (BLDR), Camden Property Trust (CPT), Cardinal Health Inc (CAH), Carrier Global Corp (CARR), Caterpillar Inc (CAT), Cigna Group/The (CI), Clorox Co/The (CLX), ConocoPhillips (COP), CRH PLC (CRH), Dexcom Inc (DXCM), DTE Energy Co (DTE), Eli Lilly & Co (LLY), First Solar Inc (FSLR), Fortive Corp (FTV), GoDaddy Inc (GDDY), Hershey Co/The (HSY), Hubbell Inc (HUBB), Illinois Tool Works Inc (ITW), Intercontinental Exchange Inc (ICE), International Paper Co (IP), Iron Mountain Inc (IRM), Kimco Realty Corp (KIM), L3Harris Technologies Inc (LHX), Labcorp Holdings Inc (LH), Martin Marietta Materials Inc (MLM), Mastercard Inc (MA), Merck & Co Inc (MRK), Molson Coors Beverage Co (TAP), Monolithic Power Systems Inc (MPWR), Parker-Hannifin Corp (PH), Quanta Services Inc (PWR), ResMed Inc (RMD), Royal Caribbean Cruises Ltd (RCL), Sandisk Corp/DE (SNDK), Smurfit Westrock PLC (SW), Southern Co/The (SO), Stryker Corp (SYK), T Rowe Price Group Inc (TROW), Textron Inc (TXT), Trane Technologies PLC (TT), Valero Energy Corp (VLO), Western Digital Corp (WDC), Weyerhaeuser Co (WY), Willis Towers Watson PLC (WTW), Xcel Energy Inc (XEL). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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RH’s RH shares plummeted 17.1% in yesterday’s after-hours trading session after its fourth-quarter fiscal 2025 (ended Jan. 31, 2026) earnings release. The luxury home furnishings retailer missed expectations for both earnings and revenues, given the challenging operating environment. Net revenues were impacted by about $30 million due to higher backorder and special order balances linked to tariff-related sourcing changes. An additional $10 million impact came from adverse weather toward the end of the quarter.

Nonetheless, net revenues increased year over year in both the quarter and the full year, indicating continued demand despite near-term disruptions. However, earnings declined on a yearly basis, reflecting pressure on profitability.

RH remains focused on long-term growth. The company continues to invest in expansion and platform development. At the same time, the company highlighted risks from tariffs and broader external factors that could impact operations and margins.

RH’s Q4 Earnings, Margin & Revenue Discussion

The company reported adjusted earnings per share of $1.53, which missed the consensus mark of $2.21 by 30.8%. The reported figure decreased slightly by 3.2% from $1.58 per share in the year-ago period.

RH Price, Consensus and EPS SurpriseRH Price, Consensus and EPS Surprise

RH price-consensus-eps-surprise-chart | RH Quote

Net revenues of $842.6 million also lagged the consensus mark of $872 million but improved 3.7% year over year.

RH’s Margin Highlights

Gross margin contracted 180 basis points (bps) year over year to 42.9% in the reported quarter.

Adjusted selling, general and administrative expenses decreased 190 bps year over year to 31.4% of total revenues.

Adjusted operating margin expanded 20 bps year over year to 11.5%. Adjusted EBITDA increased 7.4% year over year to $149.1 million for the quarter. Adjusted EBITDA margin also expanded 60 bps year over year to 17.7%.

Fiscal 2025 Highlights of RH

Adjusted EPS came in at $6.29, up from $5.39 from a year ago. Net sales were $3.44 billion, up 8.1% from fiscal 2024.

Adjusted operating margin expanded 10 bps year over year to 11.4%. Adjusted EBITDA margin expanded 40 bps year over year to 17.3%.

RH’s Balance Sheet & Cash Flow

In fiscal 2025-end, RH’s cash and cash equivalents were $41.1 million compared with $30.4 million at the end of fiscal 2024. The company ended fiscal 2025 with merchandise inventories worth $818.5 million compared with $1.02 billion at the end of fiscal 2024.

RH ended the quarter with a net debt of $2.38 billion and a net debt-to-adjusted EBITDA ratio of 4.0x.

Net cash provided by operating activities was $452.2 million in fiscal 2025 compared with $17.1 million in the year-ago period. Free cash flow was $252.4 million in fiscal 2025, in contrast to the negative $213.7 million in fiscal 2024.

Capital expenditures in fiscal 2025 were $199.8 million, down from $230.8 million in fiscal 2024.

Story Continues

RH Unveils Q1 Fiscal 2026 View

For first-quarter fiscal 2026, the company expects the quarterly revenues to decline between 2% and 4% year over year.

Adjusted EBITDA margin is forecasted to be between 5.5% and 6.5%, down from 13.1% reported in the prior-year quarter.

Fiscal 2026 Guidance of RH

For fiscal 2026, RH expects revenue growth between 4% and 8%.

Adjusted EBITDA margin is forecasted to be between 14% and 16% and adjusted free cash between $300 million and $400 million.

RH’s Zacks Rank & Peer Releases

RH currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Williams-Sonoma Inc. WSM reported mixed results for the fourth quarter of fiscal 2025 (ended Feb. 1), with earnings beating the Zacks Consensus Estimate and net revenues missing the same. On a year-over-year basis, both metrics declined.

The quarter’s performance reflects a balanced trend, with strength in operating execution and brand positioning partly offset by pressure on the top line. Margin performance remained solid, supported by cost discipline and supply-chain efficiencies, even as revenue trends softened in a challenging environment.

Wayfair W reported fourth-quarter 2025 non-GAAP earnings of 85 cents per share, which beat the Zacks Consensus Estimate by 32.8% and marked a significant improvement from a non-GAAP adjusted diluted loss of 25 cents in the year-ago quarter. Net revenues for the fourth quarter of 2025 rose 6.9% year over year to $3.3 billion. Excluding the impact of the company’s exit from Germany, revenue growth stood at approximately 7.8% year over year. The figure beat the Zacks Consensus Estimate by 1.48%.

Last 12-Month net revenues per active customer increased 5.6% year over year to $586. The active customer base saw a modest decline. The metric decreased 0.5% year over year to 21.3 million as of Dec. 31, 2025.

The Home Depot Inc. HD has reported fourth-quarter fiscal 2025 results, wherein the bottom line beat the Zacks Consensus Estimate, while the top line missed the same. However, sales and earnings per share declined year over year.

The decline in sales was primarily due to the absence of storm-related activity in the fiscal fourth quarter, which reduced demand in several key categories. Persistent consumer uncertainty and ongoing housing market pressure continued to weigh on home improvement spending, limiting the company’s ability to capture incremental demand in the quarter.

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Zusammenfassung (600 Wörter)

Der Artikel vergleicht zwei namhafte E-Commerce-Unternehmen: MercadoLibre (MELI) und Wayfair (W), bewertet, welches Wertpapier eine bessere Anlage bietet. Beide Unternehmen operieren auf dem schnell wachsenden globalen E-Commerce-Markt, wenn auch mit unterschiedlichen Schwerpunkten hinsichtlich Regionen und Produktkategorien.

MercadoLibre dominiert den Online-Einzelhandel und digitale Zahlungen in Lateinamerika, hauptsächlich durch seine Mercado Pago Plattform. Das Unternehmen profitiert von einem riesigen, unterentwickelten Markt – Brasilien, Argentinien und Mexiko – in dem Online-Shopping und digitale Zahlungen noch in der Entwicklung sind. MercadoLibre expandiert aggressiv mit seinen Fintech-Angeboten, einschließlich Kreditvergaben, was das Umsatzwachstum antreibt. Ein Schlüsselfaktor ist sein Logistiknetzwerk, das durch fallende Versandkosten in Brasilien demonstriert wird. Allerdings steht MercadoLibre aufgrund des zunehmenden Wettbewerbs durch etablierte Player wie Amazon, Shopee und Temu vor der Notwendigkeit, niedrige Gebühren und Konsumentenpreise zu halten.

Wayfair hingegen konzentriert sich auf den US-Markt und spezialisiert sich auf Möbel und Haushaltswaren online. Wayfair hat kürzlich eine Wende gezeigt, sein Geschäft stabilisiert und die Rentabilität verbessert. Dies wird durch höhere Bestellmengen, höhere durchschnittliche Bestellwerte und verbesserte Kostenkontrolle – insbesondere durch sein CastleGate und Wayfair Delivery Network Logistiknetzwerk – vorangetrieben. Das Unternehmen nutzt sein Loyalitätsprogramm, Wayfair Rewards, als entscheidenden Faktor für wiederholte Käufe, und setzt KI ein, um Abläufe zu optimieren. Wayfair verfügt über erhebliche Liquidität und eine überschaubare Verschuldung.

Der globale E-Commerce-Markt wird voraussichtlich bis 2031 erheblich wachsen, was beiden Unternehmen signifikante Chancen bietet. Allerdings ist der Möbelmarkt zyklisch und derzeit von Herausforderungen geprägt, was das Wachstum von Wayfair beeinflussen könnte.

Bewertung und Performance:

In den letzten zwölf Monaten ist Wayfair’s Aktienkurs deutlich gestiegen (91,7 %), während MercadoLibre’s um 16,7 % gefallen ist. Wayfair’s Bewertung spiegelt diesen starken Zuwachs wider und weist ein höheres Verhältnis von Verkaufspreis zu Umsatz (Price/Sales Ratio) im Vergleich zu MercadoLibre auf.

Das Urteil:

Trotz der Wende von Wayfair argumentiert der Artikel, dass MercadoLibre eine überzeugendere langfristige Investition darstellt. MercadoLibre’s Marktführerschaft in Lateinamerika, kombiniert mit seiner schnellen Fintech-Expansion, seinem integrierten Ökosystem und seiner skalierbaren Plattform, bietet einen stärkeren Wettbewerbsvorteil und ein Wachstumspotenzial. Obwohl MercadoLibre aufgrund von Investitionen unter Druck auf die Gewinnmarge steht, überwiegen seine diversifizierten Wachstumsmotoren diese kurzfristigen Bedenken.

Wichtige Erkenntnisse:

• MercadoLibre: Starke Marktposition in Lateinamerika, Fintech-Wachstum, integriertes Ökosystem, skalierbare Plattform.
• Wayfair: Wende in der Rentabilität, starke Logistik, ansprechende Shopping-Erfahrung, aber mit zyklischen Risiken und Wettbewerb konfrontiert.

Beide Unternehmen haben derzeit einen Zacks Rank #3 (Hold).

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Was ist passiert?

Nach der Ankündigung neuer Zölle auf importierte Waren erlebten die Aktienmärkte am Morgen eine Korrektur. Dies löste Besorgnis bei Investoren über steigende Kosten für Unternehmen, die stark von internationalen Lieferketten abhängig sind, insbesondere in Branchen wie Bekleidung, Schuhe und Online-Einzelhandel. Der 15-prozentige Zoll auf Waren betraf Unternehmen wie Nike, Gap, DoorDash, Booking, Chewy, Wayfair und Expedia erheblich und führte zu deutlichen Kursverlusten.

Investoren stehen vor der schwierigen Frage, ob sie diese höheren Kosten absorbieren (was die Gewinnmargen schmälern würde) oder sie an die Verbraucher weitergeben, was die Nachfrage potenziell reduzieren könnte, insbesondere angesichts der breiteren Anzeichen einer wirtschaftlichen Abschwächung. Die Tendenz des Marktes, schnell auf Nachrichten zu reagieren, bietet Kaufchancen für hochwertige Aktien.

Insbesondere litt Wayfair unter einem starken Rückgang, der sich um fast 9% verringerte und in der Vergangenheit extreme Volatilität gezeigt hatte. Eine kürzliche positive Bewegung von 3% wurde durch eine Urteilsverkündung des Obersten Gerichtshofs ausgelöst, die einen bedeutenden Teil der Tarife der vorherigen Regierung rückgängig machte. Diese Entscheidung wurde vom Markt positiv aufgenommen und reduzierte die Bedenken hinsichtlich Handelsstreitigkeiten und möglichen Vergeltungsmaßnahmen und stärkte das Vertrauen der Anleger.

Bei Wayfair ist der Aktienkurs seit Jahresbeginn deutlich gesunken und der Aktienkurs liegt deutlich unter seinem 52-Wochen-Hoch. Investoren, die vor fünf Jahren Wayfair-Aktien gekauft haben, würden ihr Investment derzeit mit etwa 280 Dollar sehen.

Der Artikel schließt mit einer Werbebotschaft und schlägt eine Investition in ein profitables KI-Halbleiterunternehmen vor, wobei das Potenzial für übersehene Wachstumsgeschichten im Markt hervorgehoben wird.

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Zusammenfassung: Trumps Tariff-Entscheidung – Ein sich wandelnder Markt

Dieser Artikel analysiert die erheblichen Folgen des Urteils des Obersten Gerichtshofs, das Präsident Trump’s Tariffe, die unter dem International Emergency Economic Powers Act (IEEPA) verhängt wurden, fürchten ließ. Das Urteil stellte effektiv Trumps Strategie zurück, Tarife als Instrument zur Handelsverhandlung einzusetzen, senkte die US-Tariffe wieder auf die Vor-“Liberation Day”-Ebene. Diese Entscheidung hat eine komplexe Kette von Reaktionen auf den Finanzmärkten ausgelöst und erhebliche Bedenken hinsichtlich der finanziellen Stabilität des US-Verkehrsministeriums geweckt.

Sofortige Markt-Reaktionen und potenzielle Rückerstattungen:

Die anfängliche Markt-Reaktion war gemischt. Optimisten, insbesondere diejenigen, die sich auf importabhängige Unternehmen wie Costco, Walmart und Amazon konzentrierten, sahen einen potenziellen “Windschatten” aufgrund der Aussicht auf erhebliche Rückerstattungen – geschätzt zwischen 133 Milliarden und 175 Milliarden Dollar. Diese Unternehmen könnten von einer Verbesserung der Gewinnmargen durch Sonderdividenden, aggressive Rabatte oder Investitionen in den Kapitalaufwand profitieren. Die bloße Größe potenzieller Rückerstattungen stellte jedoch eine erhebliche Herausforderung für das US-Verkehrsministerium dar und löste Bedenken hinsichtlich einer erhöhten Staatsverschuldung und möglicherweise eines Anstiegs der langfristigen Zinssätze aus.

Trumps Wandel zu alternativen Mechanismen:

Nach der Entscheidung des Obersten Gerichtshofs kündigte Präsident Trump schnell die Einführung eines neuen 10%igen globalen Tariffs an und signalisierte damit eine strategische Verschiebung. Dieser Schritt unterstrich die Überzeugung, dass Tarife als primäles Instrument zur Verhandlung nicht mehr praktikabel waren.

Bärische Bedenken und mögliche Rezessionsrisiken:

Umgekehrt äußerten zahlreiche Analysten Bedenken. Sie hoben die strukturellen Risiken des Rückerstattungsprozesses hervor – insbesondere die “unordentliche” Natur des Prozesses und das Potenzial für Monate der Unsicherheit. Noch kritischer wurde darauf hingewiesen, dass die Auswirkungen auf bereits zugesagte ausländische Direktinvestitionen (in Höhe von 9,6 Billionen Dollar, einschließlich 1 Billion Dollar aus Japan) gefährdet sein könnten, da Handelspartner Geschäfte neu verhandeln könnten, was die Wahrscheinlichkeit einer rezessionsbedingten Bärenmarkts vergrößert. Justizrichter Kavanaughs Dissent verstärkte diese Bedenken zusätzlich, indem er die potenziellen Marktinstabilitäten betonte.

Verkehrsministerium und Kreditrating-Bedenken:

Die erwartete finanzielle Belastung des US-Verkehrsministeriums war ein großes Anliegen. Analysten prognostizierten eine erhebliche Erhöhung der Staatsverschuldung, was die Finanzierungsbedürfnisse des Verkehrministeriums beeinträchtigen und Fragen nach der US-Kreditbewertung von AA+ aufwerfen könnte.

Analysten-Perspektiven:

Analysten von Seeking Alpha boten unterschiedliche Perspektiven: LUCA SOCCI sah ein bullisches Szenario für Einzelhändler, MULTIPLO INVEST blieb optimistisch in Bezug auf den amerikanischen Markt, JACK BOWMAN erwartete gezieltere Tarife, JAMES FOORD warnte vor anhaltenden politischen Risiken, DAMIR TOKIC äußerte Bedenken hinsichtlich eines rezessionsbedingten Bärenmarktes, und AGAR CAPITAL betonte die Notwendigkeit, die zweiten und dritten Ordnung fiscalen Auswirkungen zu berücksichtigen. EGUENIO CATONE betonte den Niedergang von Tarifen als Verhandlungsinstrument.

Aktuelle Entwicklungen:

Das Urteil des Obersten Gerichtshofs in Learning Resources, Inc. v. Trump bestätigte, dass der IEEPA dem Präsidenten nicht die Möglichkeit einräumte, Tarife einseitig zu verhängen, wodurch Trumps Strategie beendet wurde.