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

0830 - Core PCE m/m for March: Expected 0.3%; Prior 0.4%
0830 - Core PCE y/y for March: Expected 3.2%; Prior 3%
0830 - PCE m/m for March: Expected 0.7%; Prior 0.4%
0830 - PCE y/y for March: Expected 3.5%; Prior 2.8%
0830 - GDP growth rate q/q for Q1 2026: Expected 2.2%; Prior 0.5%
0830 - Initial jobless claims: Expected 212.5k; Prior 214k
0945 - Chicago PMI for April: Expected 55.2; Prior 52.8

Meta Platforms Inc (META)

-9.09%

Gapping down after its Q1 2026 earnings report, during which the company hiked its capital expenditures outlook for FY 2026 to $125 billion-$145 billion. Revenue came in at $56.3 billion for the quarter, marking a 33% year-over-year increase, with earnings of $10.44 per share sharply outperforming estimates of $10.44. Ad revenue grew by 33% year-over-year to $55 billion. Meta guided revenue between $58 billion and $61 billion for Q2 2026, compared to estimates of $59.5 billion.

Alphabet Inc (GOOGL)

+7.04%

Gapping up after its Q1 2026 earnings report, with revenue of $109.896 billion and earnings of $5.11 per share beating estimates of $107.2 billion and $2.63, respectively. Google Cloud revenue grew by 63% year-over-year to $20 billion, while Google Search & Other revenue grew by a larger-than-expected 19%. The company hiked its FY 2026 CapEx outlook from $175 billion-$185 billion to $180 billion-$190 billion, noting that FY 2027 CapEx is likely to grow further.

Amazon.com Inc (AMZN)

+3.03%

Trading higher premarket following its Q1 2026 earnings report, with EPS of $2.78 and sales of $181.52 billion beating estimates of $1.64 and $177.3 billion, respectively. AWS net sales grew by 28% year-over-year to $37.6 billion, above estimates of $36.8 billion. The company projected sales between $194 billion and $199 billion for Q2 2026, beating estimates of $189 billion and implying 16% to 19% year-over-year growth. Amazon projected operating income between $20 billion and $24 billion for the same period, compared to estimates of $22.9 billion.

Microsoft Corp (MSFT)

-1.89%

Trading lower premarket after its Q3 2026 earnings report. Revenue of $82.9 billion and EPS of $4.27 beat estimates of $81.46 billion and $4.05, respectively. Azure & Other Cloud revenue grew by 39% year-over-year, with Microsoft Cloud revenue coming in at $54.5 billion. Commercial RPO grew by 99% year-over-year to $627 billion. The company projected $190 billion in CapEx for FY 2026, implying 61% year-over-year growth.

Apple Inc (AAPL)

+0.36%

On watch ahead of its Q2 2026 earnings report, set to be released after the bell on Thursday, April 30. Analysts are looking for the company to post earnings of $1.92 per share and revenue of $109 billion. This report is Apple’s first since its recent announcement of CEO Tim Cook’s exit in October 2026; Cook will be succeeded by longtime Apple hardware executive John Ternus.

Qualcomm Inc (QCOM)

+11.25%

Gapping up after its Q2 2026 earnings report, with revenue of $10.6 billion and adjusted EPS of $2.65 billion beating estimates of $10.56 billion and $2.55, respectively. QCT Automotive revenue grew by 38% year-over-year to $1.33 billion. The company projected revenue between $9.2 billion and $10 billion for Q3 2026, below estimates of $10.26 billion; its adjusted earnings outlook of $2.10-$2.30 per share for the same period similarly missed estimates of $2.43.

Intel Corp (INTC)

+2.49%

On watch after US President Donald Trump, whose administration took a 10% stake in the company in August 2025, touted the stock’s recent gains in a Truth Social post on Wednesday evening. Trump appeared to reference recent reports suggesting that the value of the stake has increased by nearly $30 billion.

Eli Lilly and Co (LLY)

+7.65%

Gapping up after its Q1 2026 earnings report, with revenue of $19.8 billion and adjusted EPS of $8.55 beating estimates of $17.77 billion and $7.06, respectively. Revenue for the company’s Mounjaro and Zepbound treatments grew by 125% and 80%, respectively, on a year-over-year basis. Eli Lilly hiked its FY 2026 revenue outlook from $80 billion-$83 billion to $82 billion-$85 billion and raised its adjusted EPS outlook for the year to $35.50-$37.00.

NVIDIA Corp (NVDA)

+0.87%

On watch after Reuters reported that the company’s B300 AI servers in China have surged to roughly 7 million yuan ($1 million) each, nearly double prior levels, as tighter crackdowns on chip smuggling sharply reduce grey-market supply. Strong AI infrastructure demand from Chinese tech firms is further driving prices higher, despite many companies avoiding direct ownership of Nvidia hardware due to US sanctions concerns.

Royal Caribbean Cruises Ltd (RCL)

+7.28%

Gapping up after its Q1 2026 earnings report, with revenue of $4.5 billion and adjusted earnings of $3.60 per share beating estimates of $4.46 billion and $3.22, respectively. Net yields grew by 3.6% year-over-year. The company projected adjusted earnings between $3.83 and $3.93 per share for Q2 2026.

Caterpillar Inc (CAT)

+5.18%

Gapping up after its Q1 2026 earnings report. Revenue of $17.4 billion beat estimates of $16.49 billion, while earnings of $5.54 per share beat estimates of $4.63. Retail new business volume grew by 8% year-over-year to $3.19 billion.

Ford Motor Co (F)

-5.96%

Gapping down after its Q1 2026 earnings report. The company posted revenue of $43.3 billion and earnings of $0.66 per share for the quarter, outpacing estimates of $42.96 billion and $0.19, respectively. Ford projected adjusted EBIT between $8.5 billion and $10.5 billion for FY 2026, compared to estimates of $8.9 billion, and maintained its prior adjusted free cash flow and capital spending projections for the same period.

Carvana Co (CVNA)

+9.31%

Gapping up after its Q1 2026 earnings report. The company posted revenue of $6.432 billion, representing 52% year-over-year growth for Carvana’s sixth straight quarter of 40%+ year-over-year revenue growth. Retail units sold were reported at 187,393, improving by 40% year-over-year, and total gross profit grew by 37% year-over-year to $1.271 billion.

Wayfair Inc (W)

-8.69%

Gapping down after its Q1 2026 earnings report. Total net revenue grew by 7.4% year-over-year to $2.9 billion, with US net revenue growing by 7.5% and international revenue growing by 6%. The company’s gross margin came in at 30% for the quarter. Active customers for the quarter were reported at 21.4 million, growing by 1.4% year-over-year.

Hauchen AI Parking Management (HCAI)

+112.22%

Gapping up on no apparent news. The stock underwent a 1-for-30 reverse split as of April 13, 2026. Hauchen AI has a market capitalization of $6.36 million and a float of 630,000 shares.