^{_{Welcome to the TraderTV Live Morning Research Note. Here's what's making major moves in the market today.}}

0830 - Building permits for February and March: Prior 1.386M
0830 - Housing starts for February and March: Prior 1.487M
0830 - Durable goods orders m/m for March: Expected 0.5%; Prior -1.3%
0830 - Retail inventories ex autos m/m for March: Prior 0.4%
1400 - Fed interest rate decision
1430 - FOMC press conference w/ Fed Chair Powell

Robinhood Markets Inc (HOOD)

-10.83%

Gapping down after its Q1 2026 earnings report, with revenue of $1.07 billion and earnings of $0.38 per share missing estimates of $1.17 billion and $0.41, respectively. Total platform assets grew by 39% year-over-year to $307 billion, while the Robinhood Gold subscriber count climbed by 36% year-over-year to 4.3 million. Crypto revenue declined by 47% year-over-year, though equities revenue grew by 46%.

Microsoft, Meta, Alphabet, and Amazon

-0.32%

All four of these Mag 7 companies are slated to post earnings after the bell on Wednesday, April 29. Microsoft is expected to post earnings of $4.07 per share and $81.4 billion, Meta is estimated to report $6.81 in EPS and $55.49 billion in revenue, Alphabet is expected to report earnings of $2.64 per share on revenue of $92.22 billion, and Amazon is expected to post EPS of $1.60 and revenue of $177.84 billion. The reports come amid sector-wide concerns about capital expenditures and possible underperformance by OpenAI.

MSFT, META, GOOGL, AMZN

SoFi Technologies Inc (SOFI)

-6.48%

Gapping down after its Q1 2026 earnings report. Revenue of $1.1 billion beat estimates of $1.05 billion and represented 43% year-over-year growth, while earnings of $0.12 per share came in-line with analyst estimates. Members grew by 35% year-over-year to 14.7 million, and total loan originations rose by 68% year-over-year to $12.2 billion. The company projected FY 2026 revenue of $4.655 billion, above estimates of $4.651 billion, and expects membership to grow by 30% year-over-year.

Seagate Technology Holdings PLC (STX)

+17.33%

Gapping up after its Q3 2026 earnings report, with revenue of $3.1 billion and earnings of $4.10 per share beating estimates of $3 billion and $3.50, respectively. Gross margin came in at 47%, above estimates of 44.6%. Seagate projected revenue of $3.5 billion for Q4 2026, above estimates of $3.1 billion and implying 41% year-over-year growth. The company’s quarterly EPS outlook of $5.00 similarly beat estimates of $3.92.

Bloom Energy Corp (BE)

+19.46%

Gapping up after its Q1 2026 earnings report, with revenue of $751.1 million and adjusted earnings of $0.44 per share beating estimates of $535.3 million and $0.13, respectively. The company reported adjusted EBITDA at $143 million, nearly tripling estimates of $52.9 million. Product revenue of $653.3 million significantly outpaced estimates of $397.9 million, though the company missed revenue estimates in every other business segment. Bloom raised the midpoint of its FY 2026 revenue outlook to imply roughly 80% year-over-year growth.

Starbucks Corp (SBUX)

+4.43%

Trading higher premarket after its Q2 2026 earnings report, with revenue of $9.5 billion and adjusted earnings of $0.50 per share beating estimates of $9.14 billion and $0.43, respectively. Global comparable sales grew by 6.2% year-over-year, well above growth estimates of 3.65%, while US comparable sales increased by 7.1%; comparable sales growth in the China and International regions was smaller than expected. Starbucks projected global and US comparable sales growth of 5% or greater for FY 2026, above its prior outlook of at least 3% growth.

Oil and Energy Stocks

+3.14%

Trading higher as a group in tandem with gains in oil futures. Brent crude futures exceeded $114 per barrel early on Wednesday morning, while WTI futures traded as much as 3.3% higher following a 3.7% gain on Tuesday. Oil traders continue to digest a variety of catalysts in the sector and in the geopolitical space, including the UAE’s recent decision to leave OPEC as of Friday, May 1. Tensions between the US and Iran continue to build, with US President Donald Trump posting on Truth Social that Iran’s leadership “better get smart soon” and make a “nonnuclear” deal with the US.

USO, OXY, XOM, CVX, RE, TPET, BATL, EONR

Avis Budget Group Inc (CAR)

-16.85%

Gapping down after its Q1 2026 earnings report. The company posted $2.53 billion in quarterly revenue, up by 4% on a year-over-year basis, though its adjusted EBITDA loss expanded by 22% year-over-year to $113 million. The Americas revenue segment grew by 3% year-over-year, while International revenue expanded by 9%. Avis reported a 5% year-over-year increase in its Revenue Per Day metric.

Lemonade Inc (LMND)

+6.13%

Trading sharply higher premarket after its Q1 2026 earnings report. Quarterly revenue came in at $258 million, beating estimates of $252.4 million and marking 71% year-over-year growth, while losses of $0.47 per share beat estimates of a $0.57-per-share loss. Gross profit grew by 159% year-over-year to reach $100.1 million. The company projected $328 million-$331 million in gross earned premium and $1.428 billion-$1.433 billion of in-force premium for Q1 2026.

ETSY Inc (ETSY)

+8.37%

Gapping up after its Q1 2026 earnings report. Revenue of $631.28 million beat estimates of $621.09 million, while earnings of $0.60 per share narrowly missed estimates of $0.61. Gross merchandise sales (GMS) declined by 3.9% year-over-year to $2.46 billion, though Etsy Marketplace GMS grew by 5.5%. Etsy projected GMS between $2.48 billion and $2.53 billion for Q2 2026, above estimates of $2.4 billion, and expects its adjusted EBITDA margin for the quarter to fall between 27% and 29%.

GE Healthcare Technologies Inc (GEHC)

-8.76%

Gapping down after its Q1 2026 earnings report. Revenue of $5.13 billion beat estimates of $5.03 billion, but adjusted EPS of $0.99 missed estimates of $1.06. Adjusted EBITDA came in at $691 million for the quarter, missing estimates of $734.5 million. The company cut its adjusted EPS outlook for FY 2026 from $4.95-$5.15 to $4.80-$5.00 and reduced its adjusted EBITDA margin outlook to 15.1%-15.4%. GE Healthcare guided organic revenue growth of 3% to 4% for the year, compared to estimates of 3.62%.

Enphase Energy Inc (ENPH)

-5.83%

Gapping down after its Q1 2026 earnings report. Quarterly revenue came in at $282.9 million, representing a year-over-year decline from $356 million. The company’s gross margin also declined to 35.5% from 47.2% on a year-over-year basis. US revenue dropped by 23% sequentially, attributed to the expiration of the country’s residential clean energy tax credit.