Daily Recap

$3.06 EPS crushed the $2.64 estimate as Citi reported its highest quarterly revenue in a decade at $24.6B. Net income surged 42% YoY while revenue climbed 14%, CEO Jane Fraser calling it an 'exceptionally strong start to 2026.'

Q1 profit rose 13% to $16.5B with EPS of $5.94 on $49.8B in revenue, beating Wall Street across the board. Shares slipped ~1% pre-market after JPMorgan lowered its net interest income guidance for the full year.

American Airlines jumped 8.54% to $12.19 pre-market after reports that United Airlines CEO Scott Kirby proposed a potential merger to senior officials in February. No formal deal has been announced.

UBS analyst Joseph Spak upgraded Tesla from Sell to Neutral, ending a bearish stance while maintaining a $352 price target. The move signals reduced downside conviction as Tesla navigates a challenging consumer and macro backdrop.

US-listed shares of Novo Nordisk jumped 3% after the Danish drugmaker announced a partnership with OpenAI to accelerate AI-driven drug discovery. The deal expands pharma's AI buildout and pairs a GLP-1 giant with the leading AI lab.

BlackRock rose 2% after Q1 earnings beat expectations while the $14.2T asset manager upgraded US equities from neutral to overweight. The firm cited resilient corporate profits and a high threshold for further geopolitical escalation.

NVDA broke out above $108 resistance on 2.3x average volume following analyst upgrades from Morgan Stanley and Mizuho. GTC 2026 catalyst window opening; Blackwell ramp commentary expected to drive upside.

Meta guided Q1 revenue $39.5–41.8B vs $39.1B consensus, beating on EPS by 18%. Ad revenue acceleration and Llama 4 deployment cadence justify premium multiple. Institutions still underweight after January dip.

AWS reaccelerated to 19% YoY growth, ahead of the 17.5% estimate. Operating income of $21.2B crushed the $18.9B consensus. Retail margin expansion continues; AI inference demand pulling forward enterprise cloud spend.

Apple's services segment hit a record $26.3B in revenue (+15% YoY), offsetting slower iPhone unit growth. India manufacturing ramp reducing tariff exposure while AI features (Apple Intelligence) begin to drive upgrade cycle.