April 29, 2026
Daily Market Report

Morning Preview: April 29, 2026

Early Look

Wednesday, April 29, 2026

Futures

Up/Down

%

Last

Dow

42.00

0.09%

49,339

S&P 500

8.25

0.12%

7,179

Nasdaq

111.50

0.41%

27,280

 

 

U.S. futures little changed overnight ahead of a potentially huge day for Wall Street, with the FOMC meeting at 2:00 pm et (no changes to rates expected) in the last meeting and presser for current Chairman Jerome Powell, and then a monster night of earnings for technology/AI with earnings results from AMZN, GOOGL, META and MSFT due, with all eyes on AI spending forecasts and future outlooks. Nasdaq futures get a little bounce overnight led by better earnings from STX and NXPI in semi space, though the S&P is little changed. U.S. risk sentiment eased on Tuesday as one negative OpenAI headline weighed on crowded AI trade just as President Trump looked no closer to and S&P 500 slipped from records. Overnight, some big winners in the strong semi sector (SOX) still on track for an over 30% gain in April alone, with analog space getting a boost on NXPI results and memory/HDD another boost from STX results. A combination of higher Treasury yields, surging oil still in the back of investors minds, but yet to impact broader markets. There are also other central bank meetings today with the Bank of Canada today, then the ECB and BOE meetings tomorrow. Crude oil prices extend gains as WTI crude +3.45% to $103.40 and Brent +2.93% to $114.50. In Asian markets, The Nikkei Index declined -618 points to 59,917, the Shanghai Index rose 28 points to 4,107, and the Hang Seng Index jumped 432 points to 26,111. In Europe, the German DAX is down -49 points to 23,969, while the FTSE 100is down -74 points to 10,258. Some earnings winners overnight include BE, FICO, NXPI, RSI, STX, Visa and VRNS while several names moving lower include BKNG, ENPH, GEHC, HOOD, HUM, OI and TER.

 

Market Closing Prices Yesterday

  • The S&P 500 Index slumped -35.11 points, or 0.49%, to 7,138.80
  • The Dow Jones Industrial Average fell -25.86 points, or 0.05%, to 49,141.93
  • The Nasdaq Composite dropped 223.30 points, or 0.90%, to 24,663.80
  • The Russell 2000 Index declined -32.14 points, or 1.15% to 2,756.05

Economic Calendar for Today

  • 7:00 AM ET MBA Mortgage Applications Data
  • 8:30 AM ET                  Durable Goods data for March
  • 8:30 AM ET                  Housing Starts M/M for March
  • 8:30 AM ET                  Building Permits M/M for March
  • 8:30 AM ET                  Advance Goods Trade Balance for March
  • 10:30 AM ET                Weekly DOE Inventory Data
  • 2:00 PM ET FOMC Rate Decision – no change expected holding at 3.5%-3.75%

Earnings Calendar:

  • Earnings Before the Open: ABBV ADP AGIO AMRN ANIK APH AVT AVTR AZN BG BIIB BIP BLCO BLKB BXMT CBU CHEF CNI COCO CRS CSTM CTS CTSH DAN DK DKL DQ EAT EME ETR ETSY EVR EXTR FSS FVRR GD GEHC GNRC GRMN GSK HUM IEX IONS KRG LAD LII LMND LXFR LXP MGPI MTRN NAVI ODFL OGE OTLY PAG PB PSN PSX PUMP REGN SDHC SITE SLGN SMG SOFI SWK TEVA TW UU UMC VIRT VMC VRSK WING YUM YUMC
  • Earnings After the Close: ACHC ACR AFG AFL AGI ALGN ALKT ALL ALRS AM AMRZ AMZN AR ASIC AWK AWRE AXS BBT BELFA BHC BHE BN BNL BVN CAKE CBZ CHRW CLB CMG CMPR CNMD CNXN CP CUZ CVI CVNA CWH EBAY EG EQIX ESRT ETD F FCPT FIBK FLS FMC FORM FTAI GFL GKOS GOOGL GRBK ILPT INVH IRT KGC KLAC LUNG LXU MAA MAT MAX MC META MGM MORN MSFT MTG MUSA MYRG NFG NEW ORLY PDS PFS PI PLXS PPC QCOM QTWO REG RM RRR RWT SBAC SBRA SCI SFM TDOC TENB THG TTEK TTI TTMI TYL UAN UDR UFPI VIAV VICI WAY WFG WH WWD

Other Key Events:

  • China NBS Manufacturing PMI for April
  • China Composite PMI for April

 

 

Macro

Up/Down

Last

Nymex

3.46

103.39

Brent

3.26

114.52

Gold

-20.00

4,588.40

EUR/USD

-0.0011

1.1701

JPY/USD

0.18

159.80

10-Year Note

+0.01

4.36%

 

Sector News Breakdown

Consumer

  • Booking Holdings (BKNG) Q1 adj EPS $1.14 vs est $1.08, adj EBITDA $1.3B on revs $5.53B vs est $5.52B, gross booking $53.8B; guides Q2 revs, bookings and adj EBITDA +4-6%; sees FY revs +high-single-digits and adj EPS +low-mid-teens.
  • Brinker (EAT) Q3 adj EPS $2.90 vs. est. $2.87; Q3 revs $1.47B in-line; sees FY EPS $10.60-$10.85 vs. est. $10.70 and revs $5.78B-$5.82B vs. est. $5.81B; lowers fiscal 2026 capital expenditures forecast to $240M-$250M; Chili’s company sales rose due to higher menu pricing, though partially offset by lower traffic.
  • Caesars Entertainment (CZR) Q1 revs $2.9B vs. est. $2.85B; Q1 adj EBITDA $887M vs. $884M last year; Q1 Digital Adjusted EBITDA of $69M versus $43M y/y.
  • Mondelez International (MDLZ) Q1 adj EPS $0.67 vs. est. $0.61; Q1 revs $10.08B vs. est. $9.75B; Q1 adj net income $859M vs. est. $783.2M; estimates FX would increase 2026 net revenue growth by about 2% and increase adjusted eps by $0.06; reaffirms 2026 organic net revenue growth flat to 2%, adj eps growth flat to 5% on c/c.
  • Pernod Ricard (PRNDY) & Brown-Forman (BF/B) terminate merger talks; said discussions did not result in agreement as cos were unable to reach mutually acceptable terms.
  • Rush Street Interactive (RSI) Q1 EPS $0.14 vs. est. $0.12; Q1 revs $370.4M vs. est. $330.09M; Q1 MAU up 51% vs. last year as Monthly Active Users totaled approximately 839,000; guides FY26 revenue $1.49B-$1.54B above ests. $1.41B and sees year adj EBITDA $230M-$250M or up 50%-63% y/y.
  • Starbucks (SBUX) shares rose; Q2 EPS $0.50 vs. est. $0.44; Q2 revs $9.5B vs. est. $9.15B; Q2 Global comparable store sales increased 6.2%, primarily driven by a 3.8% increase in comparable transactions and a 2.3% increase in average ticket; raises FY26 EPS view to $2.25-$2.45 from $2.15-$2.40 (est. $2.28) and boosts FY26 global and U.S. comparable store sales growth view to 5% or greater from 3% or greater.

Energy,

  • Bloom Energy (BE) Q1 EPS $0.25 vs. est. $0.13; Q1 revs $751M vs. est. $551.6M; raises FY26 EPS view to $1.85-$2.25, from prior $1.33-$1.48 (est. $1.40) and boosts FY26 revenue view to $3.4B-$3.8B, from $3.1B-$3.3B prior (es.t $3.23B); Raised full year 2026 revenue growth guidance midpoint to 80% y/y, up from prior guidance of 60%; continued operating leverage, increasing gross margin and operating income guidance.
  • Edison International (EIX) Q1 core EPS $1.42 vs. est. $1.31; Q1 performance reflects continued disciplined execution, steady operational progress, and a clear focus on affordability; affirmed 2026 core EPS guidance of $5.90-$6.20; continued confidence in delivering 5-7% core EPS growth from 2025-2030.
  • Enphase Energy (ENPH) Q1 adjusted EPS $0.47 vs. est. $0.45; Q1 revs $282.9M vs. est. $282.4M; Q1 adj net income $62.3M vs. est. $61.2M; said developing IQ solid-state transformer for AI Data Centers, with full system demonstrations expected later this year; guides Q1 revs $280M-$310M.
  • Expand Energy (EXE) Q1 adj EPS $3.83 vs. est. $3.64; Q1 revs $4.4B vs. est. $3.39B; Q1 net production rose to ~7.44 Bcfe/d, supported by 13 rigs and 49 wells turned in line; reaffirms 2026 full-year production guidance of ~7.5 Bcfe/d; expects to run 11 to 12 rigs and invest ~$2.85B in 2026.
  • First Energy (FE) Q1 EPS $0.72 was in-line with consensus; Q1 revs $4.2B vs. est. $3.84B; reaffirms 2026 core earnings guidance range of $2.62-$2.82 vs. est. $2.73; reaffirming its long-term core eps compounded annual growth near top end of 6-8% from 2026 to 2030.
  • ONEOK (OKE) Q1 EPS $1.23 vs est $1.31, adj EBITDA $1.997B vs est $1.957B; guides FY EPS to midpoint $5.53 vs est $5.70.

Financials

  • CoStar Group (CSGP) Q1 adj EPS $0.23 vs est $0.18 on revs $897Mm vs est $896.8Mm; guides Q2 revs $922-932Mm vs est $931Mm, adj EBITDA $160-180Mm and adj EPS $0.27-0.30; sees FY revs $3.78-3.82B vs est $3.81B, adj EBITDA $780-820Mm and adj EPS $1.32-1.39 vs est $1.30.
  • Fair Isaac (FICO) Q2 EPS $11.14 vs est $10.98 on revs $691.7Mm vs est $629.8Mm; guides FY adj EPS $40.45 vs est $41.55 and revs $2.45B vs est $2.481B.
  • Robinhood Markets (HOOD) Q1 EPS $0.38 vs. est. $0.43; Q1 revs rose 15% y/y to $1.07B but below est. $1.14B; Q1 adj Ebitda $534M vs. est. $615.8M; repurchased $250M in shares and refreshed buyback authorization to $1.5B; Net interest revenues rose 24% y/y; Q1 Transaction revenue from cryptocurrencies fell 47% y/y; raises 2026 Adjusted Operating Expenses and SBC outlook to $2.7B-$2.82B.
  • Visa Inc. (V) Q2 adj EPS $3.31 vs est $3.10 on revs $11.2B vs est $10.8B, payments volume +9% on constant Dollar basis, processed transactions +9%; sees FY net revs on adjusted constant Dollar basis +low-double-digits to +low-teens; authorizes $20B share buyback.
  • Webster Financial (WBS) Q1 adj EPS $1.57 vs. est. 41.53; Q1 revs $735.9M vs. est. $671,1M; Webster to be acquired by Banco Santander in deal expected to close H2 2026; will no longer provide a forward-looking financial outlook due to pending acquisition.
  • Welltower (WELL) Q1 FFO/SHR $1.35, EPS $1.02 vs est $0.76 on revs $3.35B vs est $3.16B; expects 2026 normalized FFO, a key performance measure for REITs, in the range of $6.21 to $6.35 per share, higher than the previous projection of $6.09 to $6.25 per share.

Healthcare

  • Biogen (BIIB) Q1 adjusted EPS $3.57 vs. consensus $2.77; Q1 revenue $2.48B vs. est. $2.25B; lowers FY26 adjusted EPS view to $14.25-$15.25, vs. prior view $15,25-$16.25 and consensus $15; sees full year 2026 total revenue expected to decline by a mid-single digit percentage versus full year 2025.
  • Centene (CNC) double upgraded to Buy from Underperform at Bank America and raise tgt to $60 from $34, due to Medicaid margins likely bottoming in 2026.
  • GE HealthCare (GEHC) Q1 adjusted EPS $0.99 vs consensus $1.05, and revs rose 7.3% y/y to $5.1B vs. est. $5.03B; Q1 Total orders up 1.1% organically versus 10.3% growth in the year-ago period; book-to-bill of 1.07 times and backlog of $21.8B; lowers adj EPS in the range of $4.80-$5.00 from prior $4.95-$5.15 and vs. $5.06 consensus.
  • Humana (HUM) beat both lines in Q1 and backs FY26 adjusted EPS view ‘at least’ $9.00, consensus $8.71, while guiding revenue over $160B; Q1 adjusted EPS $10.31, vs. consensus $10.20, affirms full-year adjusted EPS guidance, lowers GAAP EPS outlook to at least $8.36 from at least $8.89.
  • Teva Pharmaceuticals (TEVA) agreed to acquire Emalex, including its lead asset, ecopipam as upon closing, Teva will pay $700 million, and Emalex’s shareholders will be eligible to receive up to $200 million based on future commercial milestones as well as royalties on global net sales of ecopipam, subject to regulatory approval.

Industrials and Materials

  • Generac (GNRC) Q1 adj EPS $1.80 vs. consensus $1.33; Q1 revs $1.06B vs. est. $1.05B; is increasing its outlook for net sales growth and adjusted EBITDA margin for full year 2026. Total net sales growth is now expected to be in the mid-to-high teens percent range as compared to the prior year.
  • Ingersoll Rand (IR) Q1 adj EPS $0.77 vs. est. $0.74; Q1 revs rose 8% y/y to $1.85B vs. est. $1.83B; Q1 orders rose 5% to $1.978B; Q1 Adjusted EBITDA of $469M, up 2%, with a margin of 25.4%; backs FY26 adjusted EPS view $3.45-$3.57, vs. consensus $3.52 and backs FY26 revenue growth view 2.5%-4.5%.
  • KBR (KBR) announced its Mission Technology Solutions business has been awarded a new Indefinite Delivery/Indefinite Quantity multi-award contract with a ceiling value of $510 million.
  • Landstar System (LSTR) Q1 EPS $1.16 vs est $1.12 on revs $1.171B vs est $1.156B.
  • O-I Glass (OI) Q1 adj EPS $0.15 misses the $0.12 consensus on revs $1.54B vs. est. $1.47B; cuts FY26 guidance as sees EPS of $1.00-$1.50, vs. prior outlook of $1.65-$1.90 to reflect higher global energy costs as well as additional net price pressure in Europe; sees FY26 adj EBITDA of $1.125B-$1.225B, and FY26 free cash flow of $50M-$150M.
  • PPG Industries (PPG) Q1 adj EPS $1.83 vs est $1.77 on revs $3.93B vs est $3.85B; says expects both Q2 organic sales and adj EPS in range of flat to +low-single-digit % growth; reaffirms FY EPS guide $7.70-8.10 vs est $7.87.
  • Waste Management (WM) Q1 adj EPS $1.81 vs est $1.74, adj EBITDA $1.85B on revs $6.227B vs est $6.287B, adj EBITDA mgn 29.8$; reaffirms FY outlook.
  • Werner (WERN) reports Q1 adj EPS $0.02 vs. est. loss (-$0.05); Q1 revs rose 14% y/y to $808.61M vs. est. $813.91M; Q1 Operating margin of 0.5%, increased 130 basis points from (0.8)%; non-GAAP adjusted operating margin of 1.5%, increased 180 basis points from (0.3)%.

Technology, Media & Telecom

  • NXP Semiconductors (NXPI) Q1 EPS $3.05 vs. consensus $2.98; Q1 revs rose 12% y/y to $3.18B vs. est. $3.15B; sees Q2 EPS $3.29-$3.72 above est. $3.21 and revs $3.35B-$3.55B above est. $3.27B; said rev growth was driven by improvement across all focus end markets, with particular strength in industrial and automotive processing.
  • Seagate Technology (STX) shares jump as Q3 adj EPS $4.10 vs est $3.51 on revs $3.112B vs est $2.96B, gr mgn 46.5%, EBIT mgn 32.1%; guides Q4 revs $3.35-3.55B vs est $3.16B and adj EPS $4.80-5.20 vs est $3.97; Q3 data center revenue $2.5B, up 55% y/y (shares of SNDK, MU, WDC rallied overnight further in memory/HDD space)
  • T-Mobile (TMUS) Q1 EPS $2.27 vs est $2.01 on revs $23.1B vs est $23B, adj FCF $4.599B; guides FY adj FCF $18.1-18.7B, sees FY postpaid net account adds 950K-1.05Mm and FY adj EBITDA $37.1-$37.5B.
  • Teradyne (TER) Q1 EPS $2.56 tops consensus $2.11; Q1 revs $1.28B vs. est. $1.21B; said with about 70% of revenue tied to AI-related demand, results reflect the strength of our wafer to AI data center strategy; sees Q2 EPS $1.86-$2.15 vs. est. $1.95 and revs $1.15B-$1.25B vs. est. $1.19B.
  • F5 Inc. (FFIV) Q2 adj EPS $3.90 vs est $3.46 on revs $812Mm vs est $783.84Mm; guides Q3 revs $820-840Mm vs est ?$818.37Mm and adj EPS $3.91-4.03 vs est $3.87; guides FY revs +7-8% vs est +5.9% and adj EPS $16.25-16.55 vs est $15.97.
  • Omnicom (OMC) Q1 adj EPS $1.90 vs est $1.85 on revs $6.243B vs est $5.712B, adj EBITDA $861.4Mm; says on track to achieve substantial cost reduction synergies.
  • Sensata Technologies (ST) Q1 adj EPS $0.86 vs. est. $0.84; Q1 revs $934.8M vs. est. $929.3M; On an organic basis, revenue increased $38M, or 4.2% y/y; sees Q2 adjusted EPS $0.89-$0.95 vs. est. $0.92; sees Q2 revenue $950M-$980M vs. consensus $957.75M.
  • Varonis (VRNS) Q1 adj EPS $0.06 vs est($0.05) on revs $173.126Mm vs est $165.5Mm; guides Q2 revs $175-178Mm vs est $176.3Mm and adj EPS $0.00-0.01 vs est $0.01; sees FY revs $731-737Mm vs est $726.3Mm.

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Market commentary provided by Hammerstone Markets, Inc, a firm separate from and not affiliated with Regal Securities. Regal Securities has not participated in the creation of the content, and does not explicitly or implicitly endorse the content.

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