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NEWS
THREE DAY STREAK

Well, well, well, looks like the market climbed for a third day in a row. The indexes were retaking records we took for granted last summer. With tariff talk taking a time out, the market is watching one thing: big tech earnings. Alphabet joined Tesla in the winners’ club after it too beat very high expectations this afternoon.

Oh wait, Tesla missed bad, but the stock is up 14% this week as eyes looked toward the passive income self-driving future. Speaking of bad, existing home sales were at a three-year low in March, and closings haven’t been this bad since 2009.

Surely it won’t jynx tomorrow’s trading direction if we ask for four up days in a row. 👀 

Today's issue covers Google, Google, and Intel, House sales suck, and a bunch more earnings. 📰

Here’s the S&P 500 heatmap. 10 of 11 sectors closed green, with tech (+3.73%) leading and consumer staples (-0.88%) lagging.

And here are the closing prices: 

EARNINGS
Google And Google (And Intel) 🤖 

Alphabet reported Q1 EPS of $2.81 on revenue of $90.23B, both above estimates. The stocks were up about 2% in the lead-up to the results, and popped 5% after the firm showed its earnings climbed 40% above estimates.

Cloud revenue barely missed as a segment, coming in at $12.26B, while the market wanted ten million more. Still, the unit pulled in 28% more revenue this quarter than in Q1 2024. Chief Sundar Picahi said the firm’s Gemini 2.5 AI model powers summaries seen by 1.5B users every month.

“We’re pleased with our strong Q1 results, which reflect healthy growth and momentum across the business. Underpinning this is our unique full-stack approach to AI,” Picahi said. “Driven by YouTube and Google One, we surpassed 270 million paid subscriptions. And Cloud grew rapidly with significant demand for our solutions.”

CNBC reported earlier that YouTube is on track to become the world’s largest media company by revenue this year.

According to Yahoo Finance, analysts were looking for Q1 earnings of $2.01/share on revenue of $89B. For forward guidance, analysts expect $2.12 /share for Q2, and $8.08 for the full year 2025, with revenue at $89.45B for Q2, and $368.5B for the full year.

With nearly $360B in revenue tracked for the year at this rate, it’s clear why tech giants stand out from the rest of the stock crowd. Congrats to the 70% of you who called this one correctly in our poll:

Intel also reported today, but the firm said it lost $0.19 a share in the past quarter. Revenue beat at the U.S. chipmaker, but fell from last year’s Q1 to $11.67B. The firm’s guidance also fell below expectations, and after a 20k layoff announced this week, new CEO Lip Bu-Tan said he would change management a lot going forward. 👁️ 

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