$KO | Coca-Cola beat missed revenue estimates in Q4 and provided weaker than expected FY guidance. The stock is -2.9% this morning. 🔹 EPS: $0.58 vs. $0.56 est. ✅ 🔹 Revenue: $11.82B vs. $12.03B est. 🔴 Key takeaways: 🔸 N. America revenue: +4% YoY 🔸 Europe revenue: +4% YoY

$SHOP | Shopify beat earnings and revenue estimates in Q4 and provided strong Q1 guidance. The stock is -2.9% this morning. 🔹 EPS: $0.57 vs. $0.51 est. ✅ 🔹 Revenue: $3.67B vs. $3.61B est. ✅ Key takeaways: 🔸 Merchant revenue: +35% YoY 🔸 Subscription revenue: +17% YoY 🔸

$MCD | McDonald's beat earnings and revenue estimates in Q4 and raised its dividend. The stock is +1.3% after-hours. 🔹 EPS: $3.12 vs. $3.05 est. ✅ 🔹 Revenue: $7.01B vs. $6.84B est. ✅ Key takeaways: 🔸 Company revenue: +10% YoY 🔸 Franchised revenue: +9% YoY 🔸 Global comp

$CSCO | Cisco beat earnings and revenue estimates in Q2 and provided mixed guidance. The stock is -3.7% after-hours. 🔹 EPS: $1.04 vs. $1.02 est. ✅ 🔹 Revenue: $15.35B vs. $15.11B est. ✅ Key takeaways: 🔸 Networking revenue: +21% YoY 🔸 Security revenue: -4% YoY 🔸 RPO:

$ABNB | AirBnB missed earnings estimates in Q4 but provided strong guidance. The stock is +5.4% this morning. 🔹 EPS: $0.56 vs. $0.67 est. 🔴 🔹 Revenue: $2.78B vs. $2.71B est. ✅ Key takeaways: 🔸 Nights/experiences: +10% YoY 🔸 GBV: +16% YoY 🔸 EBITDA: +3% YoY 🔸 Avg daily

$COIN | Coinbase missed earnings and revenue estimates in Q4. The stock is +1.7% after-hours. 🔹 EPS: $0.66 vs. $1.00 est. 🔴 🔹 Revenue: $1.78B vs. $1.81B est. 🔴 Key takeaways: 🔸 Transaction revenue: -37% YoY 🔸 Subscription revenue: +14% YoY 🔸 Trading volume: +156% YoY 🔸

$PANW | Palo Alto beat earnings and revenue estimates in Q2 but provided mixed guidance. The stock is -5.5% after-hours. 🔹 EPS: $1.03 vs. $0.94 est. ✅ 🔹 Revenue: $2.59B vs. $2.58B est. ✅ Key takeaways: 🔸 Subscription revenue: +13% YoY 🔸 Security ARR: +33% YoY 🔸 RPO:

$WMT | Walmart beat earnings and revenue estimates in Q4 but provided weaker than expected FY profit guidance. The stock is now +1.7% this morning after initially dropping -3.5%. 🔹 EPS: $0.74 vs. $0.73 est. ✅ 🔹 Revenue: $190.66B vs. $190.49B est. ✅ Key takeaways: 🔸 Walmart

Fight Unfair.

$LOW | Lowe's beat earnings and revenue estimates in Q4 but provided weaker than expected FY guidance. The stock is -3.5% this morning. 🔹 EPS: $1.98 vs. $1.94 est. ✅ 🔹 Revenue: $20.58B vs. $20.34B est. ✅ Key takeaways: 🔸 Comp transactions: +1.3% YoY 🔸 Dividends paid:

$XYZ | Block beat earnings and revenue estimates in Q4, provided strong guidance and announced it will cut its workforce by 40%. The stock is +23.4% after-hours. 🔹 EPS: $0.65 vs. $0.64 est. ✅ 🔹 Revenue: $6.25B vs. $6.23B est. ✅ Key takeaways: 🔸 Cash App profit: +33% YoY 🔸

$AVGO | Broadcom beat earnings and revenue estimates in Q1 and provided strong guidance. The stock is flat after-hours. 🔹 EPS: $2.05 vs. $2.03 est. ✅ 🔹 Revenue: $19.31B vs. $19.26B est. ✅ Key takeaways: 🔸 Semiconductor revenue: +52% YoY 🔸 Infrastructure revenue: +1% YoY

$ORCL | Oracle beat earnings and revenue estimates in Q3 and provided strong guidance. The stock is +8.4% after-hours. 🔹 EPS: $1.79 vs. $1.70 est. ✅ 🔹 Revenue: $17.19B vs. $16.92B est. ✅ Key takeaways: 🔸 Cloud revenue: +44% YoY 🔸 Infrastructure revenue: +84% YoY 🔸 Total

$ADBE | Adobe beat earnings and revenue estimates in Q1, provided ok guidance and announced CEO will step down. The stock is -6.5% after-hours. 🔹 EPS: $6.06 vs. $5.87 est. ✅ 🔹 Revenue: $6.40B vs. $6.26B est. ✅ Key takeaways: 🔸 Digital media revenue: +13% YoY 🔸 Digital

The quarter was massive, there's not much else to say. Huge beats across the board and guidance that was 40-60% above estimates. A few potential reasons the stock isn't higher after this report: - 2026 demand constrained by supply, conditions to remain tight beyond 2026 - 2026

$BABA | Alibaba missed earnings and revenue estimates in Q3. The stock is -7.8% this morning. 🔹 EPS: $1.85 vs. $1.76 est. 🔴 🔹 Revenue: $14.44B vs. $14.20B est. 🔴 Key takeaways: 🔸 E-commerce revenue: +6% YoY 🔸 Cloud Intelligence revenue: +36% YoY 🔸 Commerce revenue: +4%

$JPM | JPMorgan beat earnings and revenue estimates in Q1 and reiterated its FY guidance. The stock is -0.6% this morning. 🔹 EPS: $5.94 vs. $5.45 est. ✅ 🔹 Revenue: $50.54B vs. $49.13B est. ✅ Key takeaways: 🔸 Consumer revenue: +7% YoY 🔸 Net-interest income: +9% YoY 🔸

$JNJ | Johnson & Johnson beat earnings and revenue estimates in Q1 and slightly raised its FY guidance. The stock is -1.0% this morning. 🔹 EPS: $2.70 vs. $2.68 est. ✅ 🔹 Revenue: $24.06B vs. $23.61B est. ✅ Key takeaways: 🔸 Innovative med revenue: +11% YoY 🔸 MedTech

$BLK | BlackRock beat earnings and revenue estimates in Q1. The stock is +2.3% this morning. 🔹 EPS: $12.53 vs. $11.65 est. ✅ 🔹 Revenue: $6.70B vs. $6.55B est. ✅ Key takeaways: 🔸 Total AUM: +20% YoY 🔸 Total net inflows: +54% YoY 🔸 Advisory/fees revenue: +24% YoY 🔸

4/20/26 - Morning Market Preview Trump said the Strait is reopened. Iran says the Strait is still closed. Iran attacked a few ships. The US seized an Iranian ship. Iran says no negotiations. Just a normal weekend of late. Oh, and the ceasefire expires tomorrow. Have a good