{"id":21746,"date":"2026-04-28T15:17:16","date_gmt":"2026-04-28T15:17:16","guid":{"rendered":"https:\/\/www.europesays.com\/news\/21746\/"},"modified":"2026-04-28T15:17:16","modified_gmt":"2026-04-28T15:17:16","slug":"the-mag-7-earnings-gauntlet-begins-four-reports-that-could-reset-the-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/news\/21746\/","title":{"rendered":"The Mag 7 Earnings Gauntlet Begins: Four Reports That Could Reset the Market"},"content":{"rendered":"\n

The biggest 48 hours of Q1 earnings season starts tomorrow. Meta (NASDAQ:META<\/a>), Microsoft (NASDAQ:MSFT<\/a>), Alphabet (NASDAQ:GOOGL<\/a>), and Amazon (NASDAQ:AMZN<\/a>) all report Wednesday, April 29, after the close, with Apple (NASDAQ:AAPL<\/a>) following Thursday, April 30.<\/p>\n

The Capex Question <\/p>\n

Combined 2026 AI infrastructure commitments are staggering: Meta guided $115 to $135 billion, Alphabet $175 to $185 billion, and Amazon roughly $200 billion. Microsoft’s last quarter alone saw capex hit $29.88 billion, up 89% year over year. The market needs to see cloud growth justifying that spend.<\/p>\n

What’s Moving <\/p>\n

Positioning is uneven into the reports. Meta is up 29% in one month, Amazon 31%, Google 28%. Microsoft is down 12% YTD, and Apple is down 1% YTD. Reddit’s wallstreetbets is calling it “the REAL WW3 on Wednesday at 4:01 PM”. I think Reddit nailed this one.<\/p>\n

The analyst who called NVIDIA in 2010 just named his top 10 stocks. Get them here FREE<\/a>.<\/p>\n

What to Watch <\/p>\n

Four signals will dictate the move. Azure growth (last report was 39%), AWS (24%, fastest in 13 quarters), Google Cloud (48%), and Meta’s ad pricing (price per ad +6%). Apple’s tell is Services and Greater China, which jumped to $25.53 billion from $18.51 billion last quarter.<\/p>\n

I’ve been holding Meta since 2022 and Google since 2012. The opportunity is in disconnects: if cloud growth holds and capex guidance does not balloon further, the stretched names get bid. If capex creeps higher without RPO backing it up (Microsoft’s commercial RPO sits at $625 billion), the AI ROI debate gets ugly fast. Friday’s report will tell us which narrative wins.<\/p>\n

The analyst who called NVIDIA in 2010 just named his top 10 AI stocks <\/p>\n

This analyst’s 2025 picks are up 106% on average. He just named his top 10 stocks to buy in 2026. Get them here FREE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The biggest 48 hours of Q1 earnings season starts tomorrow. Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), and Amazon…\n","protected":false},"author":2,"featured_media":21747,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[449,1047,8,3244,9,7],"class_list":{"0":"post-21746","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-stories","8":"tag-amazon","9":"tag-apple","10":"tag-headlines","11":"tag-microsoft","12":"tag-news","13":"tag-top-stories"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/116483001093236627","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/21746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=21746"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/21746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/21747"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=21746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=21746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=21746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}