The Earnings Scout

The Technology sector is on sale! Buy improving EPS expectations at cheaper prices! $XLK $NDAQ $QQQ

The most bullish thing about $NVDA right now is that Wall Street’s overall EPS ests have improved after each of its last 4 earnings reports. EPS ests went from being cut -1.11% a year ago to rising +6.37% 9 mths ago, +9.03% 6 mths ago, and +10.52% when it last reported 84 days ago.

@Henry___22 @SchwabNetwork We are long $NVDA

@SchwabNetwork @EarningsScout Such bullsh*t. Nvidia is cheaper than all the rest of those dogs, its PEG ratio is better situated, all while printing money. Let the price drop, I'll just buy more.

$NVDA doesn't just need a beat and raise in earnings, but a substantial one to justify the recent run higher in shares, says @EarningsScout CEO Nick Raich. He believes the company needs a 10% guidance raise to really wow a Wall Street currently enamored by the AI trade. For more market news, tune into: SchwabNetwork.com/?CID=SM:Twitte…



1Q26 $spy #Earnings Season Update, 91% of co's have reported. Early in earnings season, one strategist claimed $NVDA and $MU were driving 50% of S&P 500 earnings growth. 😭 Instead, all 11 sectors are now reporting positive y/y EPS growth, with 8 posting double digit gains.

Here are the S&P 500 companies that have already reported 1Q26 results and posted the strongest positive changes to 2Q26 EPS estimates after reporting, while also showing solid EPS revision momentum heading into #earnings. $SPY

We get it. Ron Baron likes Elon Musk.

Want to know why the S&P 500 closed at another all-time high last week? Follow the rate of change in overall $SPY EPS expectations over the past year.

Global stocks keep correcting higher as #earnings continue surpass expectations. Bears keep questioning the concentration and accounting behind the strength, but those arguments are not holding up. To us, the most bearish thing you can say about $SPY earnings right now is simply this, this is as good as it gets.

Since March 30, 2026, the S&P 500 is up +16.10% The top 5 performers in the index over that time? Intel +174.36% Sandisk +146.28% Seagate +116.99% AMD +114.95% Micron +107.14% $SPY $INTC $SNDK $STX $AMD $MU Justified moves? Or, bubble?

The delta to EPS expectations continues to rescue investors from drowning in noisy data! Think like an owner! When you buy a stock, you are buying ownership in a business and a claim on its future #earnings. That is why the delta in EPS expectations matters more than anything else. $SPY $NDAQ $RUT

Ed Yardeni tells CNBC the market rally has legs and will continue into next year. He's optimistic on equities despite recent volatility.

@nwtSwaps4CL Ahead of every recession, the delta in $SPY EPS expectations turned negative well before the downturn was clear. Today, 1Q26 EPS is growing over +20%, about 3 to 4 times above trend, which is not consistent with a recession.

@EarningsScout If a global recession were to begin do you think it’s possible that since interest rates would crash downward earnings estimates would rise and stocks would stay up through a global downturn so long as yields crash?

Oil spiking. Valuations are rich. AI capex over-spending. Iran unresolved. Rates higher for longer. Credit cracks. Crowded trades, etc... …and the S&P 500 is at ALL-TIME HIGHS The only thing that matters is the delta to $SPY EPS expectations. The rest is noise.

@sarcastic_hedgi @nwtSwaps4CL That’s possible, which is why we focus on the delta in EPS ests. If future earnings begin to deteriorate, we will see it early and report it. Right now that’s not happening. We don’t speculate, we follow the data. And it’s not just 5 names, big banks just reported 20%+ growth

fair point but if real wages stay flat while input costs are still elevated then corporate margins getting squeezed is prob next... aggregate earnings growth means nothing when it's just 5 names doing buybacks with debt they issued at 3% the distribution is literally the whole story

We keep hearing #stagflation talk... But in what bizarro world does that exist when 173 $SPY companies have reported 1Q26 results and their collective EPS is up +17.26% y/y, and their outlooks are being raised!?

@nwtSwaps4CL You are describing a K shaped economy, not stagflation. Inflation is real, but S&P 500 earnings are growing double digits and estimates are rising. That is not stagnation, that is expansion, just unevenly distributed across households.

@EarningsScout Most workers are struggling to pay bills & live. Extremely weak growth in real personal incomes. Stocks are in a fantasy land of their own. That describes K shape economy. Tell average income earners there’s no stagflation, they’ll laugh. Households are definitely stagnant.

@nwtSwaps4CL The inflation side? Yes, it is there. But stagflation requires weak growth. We are measuring $SPY EPS growth running 2 to 3x above trend right now, with double digit growth still forecasted ahead. That is not stagflation.

@EarningsScout Try buying a house and shopping for groceries LOL

This Predicted Every Bear Market for 35 Years ⚠️🐊 youtu.be/M7AlrDJfX6k?si… via @YouTube