Earnings Reports
Alphabet Inc. published its Q1 2026 earnings call presentation [1]. Apple delivered a strong quarter with 17% revenue growth, powered by a 22% jump in iPhone sales [4]. The company is also rewriting its financial and strategic playbook as Tim Cook prepares to step down. Meanwhile, Amazon is making big moves, and its actions could have a positive impact on retail stocks [3].
Market Trends
The S&P 500 finished at 7,230, and the Nasdaq hit a brand new all-time high of 25,114 [2]. The Amplify Natural Resources Dividend Income ETF has outperformed the S&P 500 year-to-date while yielding 5% [7]. Big Tech earnings have shown that big, smart spending can be rewarded by the market [9].
Company News
SpaceX's upcoming IPO will arm it with huge amounts of cash, and Elon Musk is set to receive a bonus if he can get at least 1 million people to live on Mars [5]. The SpaceX IPO is expected to create a $75 billion spending spree, which could benefit AI stocks like NVDA [6].