{"id":89532,"date":"2026-04-23T09:50:26","date_gmt":"2026-04-23T01:50:26","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=88134"},"modified":"2026-04-23T09:50:26","modified_gmt":"2026-04-23T01:50:26","slug":"technical-analysis-23-april-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-23-april-2026\/","title":{"rendered":"Technical Analysis &#8211; 23 April 2026"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><strong><a href=\"\/researchstg\/#us\">United States<\/a> | <a href=\"\/researchstg\/#sg\">Singapore<\/a> | <a href=\"\/researchstg\/#hk\">Hong Kong<\/a> | <a href=\"\/researchstg\/#ea\" title=\"\">Earnings<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-76998-_5ifytjpamge8\"><\/a><figure><img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-77026\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-76998-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">GameStop Corporation\u00a0(GME\u00a0US)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-368.png\" alt=\"\" class=\"wp-image-88158\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0above\u00a0the 5dEMA\u00a0with rising volume.\u00a0<\/li>\n\n\n\n<li>RSI\u00a0is\u00a0near\u00a0overbought\u00a0levels,\u00a0but\u00a0MACD\u00a0is still\u00a0constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a025.0,\u00a0Target\u00a028.0,\u00a0Stop\u00a023.5<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87138\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Carvana Co.\u00a0(CVNA\u00a0US)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-369.png\" alt=\"\" class=\"wp-image-88159\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0above the\u00a05dEMA.\u00a0<\/li>\n\n\n\n<li>RSI is at overbought levels, but MACD is still constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a0400,\u00a0Target\u00a0480,\u00a0Stop\u00a0360<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1.png\" alt=\"\" class=\"wp-image-87140\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-86958-_q3z2pzaup3mw\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-5.png\" class=\"wp-image-87044\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-5.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Ley\u00a0Choon Group Holdings Ltd.\u00a0(LEY\u00a0SP)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"540\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-350.png\" alt=\"\" class=\"wp-image-88137\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-350.png 903w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-350-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-350-768x459.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the\u00a05dEMA\u00a0with rising volume.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Buy\u00a0\u2013 Entry\u00a00.11,\u00a0Target\u00a00.13,\u00a0Stop\u00a00.10<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87159\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Trendlines Group\u00a0Ltd. (TTGL\u00a0SP)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-351.png\" alt=\"\" class=\"wp-image-88138\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the\u00a05dEMA\u00a0with\u00a0elevated\u00a0volume\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Buy\u00a0\u2013 Entry\u00a00.06,\u00a0Target\u00a00.08,\u00a0Stop\u00a00.05<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-4.png\" alt=\"\" class=\"wp-image-87161\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-4-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-87147-_ox2yqx6nkukc\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-87162\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-5.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-5.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\">China Resources Power Holdings Co. Ltd. (836\u00a0HK) \u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-352.png\" alt=\"\" class=\"wp-image-88139\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at an eight-month high above the 5dEMA.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long\u00a0<\/strong>\u2013\u00a0<strong>Entry\u00a019.3,\u00a0Target\u00a020.7,\u00a0Stop\u00a018.6<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87159\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">CGN Power Co., Ltd. (1816\u00a0HK)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-353.png\" alt=\"\" class=\"wp-image-88140\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 20dEMA.\u00a0The 5dEMA crossed the 10dEMA.\u00a0<\/li>\n\n\n\n<li>RSI is constructive, while MACD is negative.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a03.40,\u00a0Target\u00a03.68, Stop\u00a03.26<\/strong>\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-14.png\" alt=\"\" class=\"wp-image-87053\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-14.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-14-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"er\"><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-15.png\" alt=\"\" class=\"wp-image-87054\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-15.png 601w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-15-300x54.png 300w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Vertiv Holdings Co (VRT)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$2.65B,\u00a0+29.9% YoY,\u00a0in-line with estimates\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$1.17,\u00a0beat\u00a0estimates by\u00a0$0.16\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26\u00a0Guidance:<\/strong>\u00a0Raised FY26 adjusted EPS guidance to $6.30 to $6.40 and FY26 revenue guidance to $13.5B to $14.0B.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q26 Guidance:<\/strong>\u00a02Q26 revenue to about $3.25B to $3.35B, while the market reaction suggested investors wanted a stronger near-term revenue and growth profile.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was fundamentally strong. Vertiv delivered 30% revenue growth, 23% organic sales growth, and an 83% increase in adjusted EPS, which confirms that data-center\u00a0power and thermal demand\u00a0remains\u00a0very robust. The results also\u00a0indicate\u00a0that Vertiv is still converting AI-related infrastructure spending into real operating leverage rather than only backlog accumulation. Regional demand remained particularly strong in the Americas. Post-earnings coverage highlighted 44% organic sales growth in the Americas, supported by continued hyperscale and AI infrastructure buildout. Europe, Middle East, and Africa also improved, which matters because it broadens the growth story beyond one geography. The strategic positioning\u00a0remains\u00a0attractive. Vertiv continues to\u00a0benefit\u00a0from direct-to-chip liquid cooling demand and broader power-management requirements tied to AI compute clusters. Vertiv\u2019s Nvidia partnership\u00a0is\u00a0a meaningful factor reinforcing its role in the AI data-center\u00a0stack. The principal issue was not the print itself, but expectations and disclosure. Despite the beat and raise, the stock fell because expectations were already elevated after\u00a0a very strong\u00a0run, investors were concerned about\u00a0somewhat lower\u00a0organic growth assumptions in the Americas, and Vertiv stopped reporting quarterly backlog, which reduced visibility for some market participants. Shares fell\u00a0roughly 2%\u00a0to 5% despite the beat-and-raise quarter. The market reaction suggests investors were positioned for an even stronger acceleration, particularly given the stock\u2019s very sharp year-to-date gain heading into results. The operating setup\u00a0remains\u00a0constructive. Vertiv is executing well, AI data-center\u00a0demand\u00a0remains\u00a0strong, and management raised full-year guidance. However, the stock is now trading against a high-expectations backdrop, and the removal of backlog disclosure slightly reduces external visibility into forward demand conversion. The principal variables to monitor are Americas growth normalization, liquid-cooling adoption, margin conversion as capacity expands, and whether second-half growth\u00a0remains\u00a0strong enough to justify the current valuation.\u00a0<strong>2Q26\u00a0recommended trading range: $280\u00a0to $400.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Vertiv Holdings\u00a0Co\uff08VRT)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>26.5\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f29.9%\uff0c\u7b26\u5408\u5e02\u573a\u9884\u671f\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.17\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.16\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u5168\u5e74\u8c03\u6574\u540eEPS\u81f36.30\u20136.40\u7f8e\u5143\uff1b\u4e0a\u8c03\u5168\u5e74\u8425\u6536\u6307\u5f15\u81f3135\u4ebf\u2013140\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u8425\u6536\u7ea632.5\u4ebf\u201333.5\u4ebf\u7f8e\u5143\uff1b\u5e02\u573a\u53cd\u5e94\u663e\u793a\u6295\u8d44\u8005\u671f\u5f85\u66f4\u5f3a\u52b2\u7684\u8fd1\u671f\u589e\u957f\u8f6e\u5ed3\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u57fa\u672c\u9762\u5f3a\u52b2\u3002\u516c\u53f8\u5b9e\u73b0\u8425\u6536\u589e\u957f30%\u3001\u6709\u673a\u9500\u552e\u589e\u957f23%\u3001\u8c03\u6574\u540eEPS\u5927\u589e83%\uff0c\u786e\u8ba4\u6570\u636e\u4e2d\u5fc3\u7535\u6e90\u4e0e\u70ed\u7ba1\u7406\u9700\u6c42\u6301\u7eed\u65fa\u76db\uff0c\u4e14Vertiv\u6b63\u5c06AI\u57fa\u7840\u8bbe\u65bd\u652f\u51fa\u6709\u6548\u8f6c\u5316\u4e3a\u771f\u5b9e\u8fd0\u8425\u6760\u6746\uff0c\u800c\u975e\u4ec5\u79ef\u7d2f\u8ba2\u5355 backlog\u3002\u533a\u57df\u8868\u73b0\u7a81\u51fa\uff1a\u7f8e\u6d32\u5e02\u573a\u6709\u673a\u9500\u552e\u589e\u957f\u8fbe44%\uff0c\u53d7\u76ca\u4e8e\u8d85\u5927\u89c4\u6a21\u4e91\u5382\u5546\u53caAI\u7b97\u529b\u96c6\u7fa4\u6301\u7eed\u5efa\u8bbe\uff1b\u6b27\u6d32\u3001\u4e2d\u4e1c\u548c\u975e\u6d32\uff08EMEA\uff09\u4ea6\u6539\u5584\uff0c\u4f7f\u589e\u957f\u6545\u4e8b\u4e0d\u518d\u5c40\u9650\u4e8e\u5355\u4e00\u5730\u533a\u3002\u6218\u7565\u5b9a\u4f4d\u5177\u5438\u5f15\u529b\uff1a\u516c\u53f8\u6301\u7eed\u53d7\u76ca\u4e8e\u9762\u5411AI\u82af\u7247\u7684\u76f4\u63a5\u5230\u82af\u7247\u6db2\u51b7\uff08direct-to-chip liquid cooling\uff09\u9700\u6c42\u53ca\u9ad8\u5bc6\u5ea6\u7b97\u529b\u5bf9\u5148\u8fdb\u7535\u529b\u7ba1\u7406\u7684\u8981\u6c42\uff1b\u4e0e\u82f1\u4f1f\u8fbe\uff08Nvidia\uff09\u7684\u5408\u4f5c\u8fdb\u4e00\u6b65\u5de9\u56fa\u5176\u5728AI\u6570\u636e\u4e2d\u5fc3\u4f9b\u5e94\u94fe\u4e2d\u7684\u5173\u952e\u89d2\u8272\u3002\u7136\u800c\uff0c\u5e02\u573a\u53cd\u5e94\u504f\u8d1f\u9762\uff1a\u5c3d\u7ba1\u4e1a\u7ee9\u8d85\u9884\u671f\u4e14\u4e0a\u8c03\u5168\u5e74\u6307\u5f15\uff0c\u80a1\u4ef7\u4ecd\u4e0b\u8dcc2%\u20135%\uff0c\u4e3b\u56e0\u4e09\u91cd\u56e0\u7d20\u2014\u2014\uff081\uff09\u8d22\u62a5\u524d\u80a1\u4ef7\u5df2\u5927\u5e45\u4e0a\u6da8\uff0c\u5e02\u573a\u9884\u671f\u8fc7\u9ad8\uff1b\uff082\uff09\u7f8e\u6d32\u5e02\u573a\u672a\u6765\u6709\u673a\u589e\u957f\u5047\u8bbe\u7565\u4f4e\u4e8e\u90e8\u5206\u6295\u8d44\u8005\u4e50\u89c2\u9884\u671f\uff1b\uff083\uff09\u516c\u53f8\u505c\u6b62\u62ab\u9732\u5b63\u5ea6 backlog \u6570\u636e\uff0c\u524a\u5f31\u4e86\u5916\u90e8\u5bf9\u524d\u77bb\u9700\u6c42\u8f6c\u5316\u7684\u53ef\u89c1\u6027\u3002\u5f53\u524d\u8fd0\u8425\u683c\u5c40\u4f9d\u7136\u79ef\u6781\uff1a\u6267\u884c\u7a33\u5065\u3001AI\u6570\u636e\u4e2d\u5fc3\u9700\u6c42\u5f3a\u52b2\u3001\u5168\u5e74\u6307\u5f15\u4e0a\u8c03\u3002\u4f46\u80a1\u4ef7\u73b0\u5904\u4e8e\u9ad8\u9884\u671f\u73af\u5883\uff0c\u4e14\u4fe1\u606f\u900f\u660e\u5ea6\u7565\u6709\u4e0b\u964d\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u7f8e\u6d32\u589e\u957f\u662f\u5426\u6e29\u548c\u56de\u5f52\u5e38\u6001\uff1b\uff082\uff09\u6db2\u51b7\u6280\u672f\u91c7\u7eb3\u901f\u5ea6\uff1b\uff083\uff09\u4ea7\u80fd\u6269\u5f20\u4e0b\u7684\u5229\u6da6\u7387\u8f6c\u5316\u6548\u7387\uff1b\uff084\uff09\u4e0b\u534a\u5e74\u589e\u957f\u80fd\u5426\u7ef4\u6301\u8db3\u591f\u5f3a\u5ea6\u4ee5\u652f\u6491\u5f53\u524d\u4f30\u503c\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a280\u7f8e\u5143\u81f3400\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong>\u00a0<br>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>GE\u00a0Vernova\u00a0Inc. (GEV)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$9.34B,\u00a0+16.3% YoY, beat estimates by\u202f$90M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0GAAP\u00a0EPS<\/strong>:\u00a0$17.44,\u00a0beat estimates by\u00a0$15.44\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Raised FY26 revenue guidance to $44.5B to $45.5B, raised adjusted EBITDA margin guidance to 12% to 14%, and market coverage indicated FY26 free cash flow guidance was also raised to $6.5B to $7.5B.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was\u00a0very strong\u00a0on both growth and orders. Revenue rose 16% YoY to $9.34B, while total orders increased 71% to $18.3B. Backlog reached $163B, which materially strengthens medium-term visibility and supports management\u2019s confidence in raising full-year guidance.\u00a0The most important driver was electrification and power demand tied to\u00a0data-center\u00a0and AI buildout. GE\u00a0Vernova\u00a0booked $2.4B of data-center-related orders in the quarter, more than it secured from that end market in\u00a0all of\u00a0the prior year. Power segment profit rose 57%, while Electrification profit more than doubled,\u00a0indicating\u00a0that demand is not only strong at the order level but is also converting into operating leverage. This is strategically important because GE\u00a0Vernova\u00a0sits in one of the clearest infrastructure bottlenecks of the current AI cycle. Gas turbines, grid equipment, and broader electrification capacity are becoming necessary complements to hyperscale data-center\u00a0expansion. The acceleration in backlog and management\u2019s\u00a0indication\u00a0that it expects to reach\u00a0roughly $200B of backlog by 2027, a year ahead of prior expectations, reinforces that point.\u00a0\u00a0The main weak spot\u00a0remains\u00a0wind.\u00a0Wind revenue fell 23% and the segment posted a larger loss of $382M due to slower onshore turbine deliveries. In addition, the company still faces tariff-related costs of\u00a0roughly $250M to $350M in 2026. That means the bull case is increasingly\u00a0centered\u00a0on power and electrification strength more than on a broad-based recovery across all segments. A second caution is earnings quality. The\u00a0very large\u00a0GAAP EPS figure was boosted by a one-time gain related to the\u00a0Prolec\u00a0GE acquisition, so the quarter should not be interpreted as a clean run-rate profit level. The more important takeaways are the raised guidance, order acceleration, and margin improvement in the core businesses. Shares reacted very strongly, rising more than 13% after the release as investors focused on the guidance raise, order acceleration, and data-center\u00a0demand exposure. The setup\u00a0remains\u00a0highly constructive. GE\u00a0Vernova\u00a0is\u00a0benefiting\u00a0from one of the strongest structural demand environments in industrials, with tangible evidence that AI-driven electricity demand is translating into orders, backlog, and better margins. The principal variables to monitor are execution in Electrification, gas turbine reservation conversion, tariff cost recovery, and whether wind losses narrow over the next several quarters. On balance, this was\u00a0a very strong\u00a0quarter with a meaningful guidance raise and a\u00a0favorable\u00a0demand backdrop.\u00a0<strong>2Q26 recommended trading range: $1000\u00a0to $1300.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>GE\u00a0Vernova\u00a0Inc.\uff08GEV)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>93.4\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f16.3%\uff0c\u8d85\u51fa\u9884\u671f9000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>17.44\u7f8e\u5143\uff0c\u5927\u5e45\u8d85\u51fa\u9884\u671f15.44\u7f8e\u5143\uff08\u4e3b\u8981\u53d7\u4e00\u6b21\u6027\u6536\u76ca\u63a8\u52a8\uff09\u00a0<\/li>\n<\/ul>\n\n\n\n<ul 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class=\"wp-block-paragraph\"><strong>The Boeing Company (BA)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$22.2B,\u00a0+13.8% YoY, beat estimates by\u202f$290M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0-$0.20,\u00a0beat estimates by\u00a0$0.47\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Management commentary pointed to improving operational momentum, continued 737 and 787 production ramp, and ongoing certification work for the 737-7, 737-10, and 777X.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was better than feared. Boeing posted only a $7M net loss in 1Q26 versus a $31M loss a year earlier, while the core loss per share was\u00a0substantially narrower\u00a0than expected. The main support came from better commercial execution and a recovery in deliveries, rather than financial engineering.\u00a0\u00a0Commercial Airplanes\u00a0remains\u00a0the central driver. Reuters reported commercial jet revenue rose 13% to $9.2B, helped by Boeing\u2019s highest first-quarter delivery volume since 2019. That matters because the investment case for Boeing still depends primarily on whether the company can convert production stabilization into sustained delivery growth and cash generation.\u00a0Defense\u00a0was also better.\u00a0Defense\u00a0and space division\u2019s earnings rose 50% to $233M, helped in part by the Artemis II mission. This is constructive because it suggests not every segment is acting as a drag, although\u00a0defense\u00a0program execution\u00a0remains\u00a0a historical risk area for Boeing.\u00a0\u00a0Cash flow\u00a0remains\u00a0the main weak point. Boeing burned about $1.5B of cash in the quarter as it continued funding production ramp-up and certification work. That is still a material outflow, even if it is directionally better than prior crisis periods. Investors therefore still need evidence that operational recovery can translate into consistent free cash flow rather than simply smaller losses.\u00a0\u00a0The principal risks\u00a0remain\u00a0execution and supply chain.\u00a0Lingering supplier constraints and higher-than-expected costs related to Spirit AeroSystems. These factors are important because Boeing\u2019s path to rerating depends on cleaner factory execution, smoother supplier performance, and more predictable certification timelines. Shares rose about 5% after the release as investors reacted to the much smaller-than-expected loss and signs that the recovery\u00a0remains\u00a0on track. The quarter supports the view that Boeing is stabilizing operationally. The key question is whether this is now a true cash recovery story or still only an earnings stabilization story. The principal variables to monitor are 737 production cadence, 787 output, certification timing for the 737-7, 737-10, and 777X, and whether Spirit-related costs and supply chain issues stay\u00a0contained.\u00a0<strong>2Q26 recommended trading range: $200\u00a0to $280. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6ce2\u97f3\u516c\u53f8\uff08BA)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>222\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f13.8%\uff0c\u8d85\u51fa\u9884\u671f2.9\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u4e8f\u635f\uff1a<\/strong>0.20\u7f8e\u5143\uff0c\u4f18\u4e8e\u9884\u671f0.47\u7f8e\u5143\uff08\u4e8f\u635f\u5927\u5e45\u6536\u7a84\uff09\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5c55\u671b\uff1a<\/strong>\u7ba1\u7406\u5c42\u6307\u51fa\u8fd0\u8425\u52a8\u80fd\u6301\u7eed\u6539\u5584\uff0c737\u4e0e787\u4ea7\u91cf\u7a33\u6b65\u722c\u5761\uff0c\u5e76\u6b63\u63a8\u8fdb737-7\u3001737-10\u53ca777X\u673a\u578b\u7684\u8ba4\u8bc1\u5de5\u4f5c\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u597d\u4e8e\u5e02\u573a\u6700\u60b2\u89c2\u9884\u671f\u3002\u516c\u53f8\u4ec5\u5f55\u5f97700\u4e07\u7f8e\u5143\u51c0\u4e8f\u635f\uff08\u53bb\u5e74\u540c\u671f\u4e8f\u635f3100\u4e07\u7f8e\u5143\uff09\uff0c\u6838\u5fc3\u6bcf\u80a1\u4e8f\u635f\u663e\u8457\u4f18\u4e8e\u9884\u671f\u3002\u6539\u5584\u4e3b\u8981\u6765\u81ea\u5546\u7528\u98de\u673a\u4e1a\u52a1\u6267\u884c\u529b\u63d0\u5347\u4e0e\u4ea4\u4ed8\u91cf\u56de\u5347\uff0c\u800c\u975e\u8d22\u52a1\u624b\u6bb5\u3002\u5546\u7528\u98de\u673a\u4ecd\u662f\u6838\u5fc3\u9a71\u52a8\u529b\uff1a\u636e\u8def\u900f\u793e\u62a5\u9053\uff0c\u5546\u7528\u55b7\u6c14\u673a\u6536\u5165\u589e\u957f13%\u81f392\u4ebf\u7f8e\u5143\uff0c\u53d7\u76ca\u4e8e\u81ea2019\u5e74\u4ee5\u6765\u6700\u5f3a\u52b2\u7684\u4e00\u5b63\u5ea6\u4ea4\u4ed8\u91cf\u2014\u2014\u8fd9\u5bf9\u6ce2\u97f3\u6295\u8d44\u903b\u8f91\u81f3\u5173\u91cd\u8981\uff0c\u56e0\u5176\u4f30\u503c\u4fee\u590d\u6700\u7ec8\u53d6\u51b3\u4e8e\u80fd\u5426\u5c06\u751f\u4ea7\u7a33\u5b9a\u8f6c\u5316\u4e3a\u53ef\u6301\u7eed\u7684\u4ea4\u4ed8\u589e\u957f\u4e0e\u81ea\u7531\u73b0\u91d1\u6d41\u751f\u6210\u3002\u56fd\u9632\u4e0e\u822a\u5929\u4e1a\u52a1\u4ea6\u6709\u8d21\u732e\uff1a\u677f\u5757\u5229\u6da6\u5927\u589e50%\u81f32.33\u4ebf\u7f8e\u5143\uff0c\u90e8\u5206\u53d7\u76ca\u4e8eArtemis II\u767b\u6708\u4efb\u52a1\u63a8\u8fdb\uff0c\u663e\u793a\u5e76\u975e\u6240\u6709\u90e8\u95e8\u5747\u62d6\u7d2f\u6574\u4f53\u8868\u73b0\uff0c\u5c3d\u7ba1\u56fd\u9632\u9879\u76ee\u6267\u884c\u5386\u6765\u662f\u6ce2\u97f3\u7684\u98ce\u9669\u9886\u57df\u3002\u7136\u800c\uff0c\u73b0\u91d1\u6d41\u4ecd\u662f\u4e3b\u8981\u77ed\u677f\uff1a\u672c\u5b63\u81ea\u7531\u73b0\u91d1\u6d41\u51c0\u6d41\u51fa\u7ea615\u4ebf\u7f8e\u5143\uff0c\u4e3b\u8981\u7528\u4e8e\u652f\u6301\u4ea7\u91cf\u722c\u5761\u4e0e\u65b0\u673a\u578b\u8ba4\u8bc1\u3002\u867d\u8f83\u5371\u673a\u65f6\u671f\u6709\u6240\u6539\u5584\uff0c\u4f46\u4ecd\u662f\u91cd\u5927\u73b0\u91d1\u6d88\u8017\u3002\u6295\u8d44\u8005\u4ecd\u9700\u770b\u5230\u8fd0\u8425\u590d\u82cf\u5207\u5b9e\u8f6c\u5316\u4e3a\u6301\u7eed\u6b63\u5411\u81ea\u7531\u73b0\u91d1\u6d41\uff0c\u800c\u4e0d\u4ec5\u662f\u4e8f\u635f\u6536\u7a84\u3002\u6838\u5fc3\u98ce\u9669\u4f9d\u7136\u5728\u4e8e\u6267\u884c\u4e0e\u4f9b\u5e94\u94fe\uff1aSpirit AeroSystems\uff08\u5173\u952e\u673a\u8eab\u4f9b\u5e94\u5546\uff09\u76f8\u5173\u6210\u672c\u8d85\u9884\u671f\u53ca\u6301\u7eed\u7684\u4f9b\u5e94\u5546\u7ea6\u675f\uff0c\u4ecd\u662f\u5236\u7ea6\u56e0\u7d20\u3002\u6ce2\u97f3\u80fd\u5426\u91cd\u83b7\u5e02\u573a\u4fe1\u5fc3\uff0c\u53d6\u51b3\u4e8e\u5de5\u5382\u6267\u884c\u66f4\u5e72\u51c0\u3001\u4f9b\u5e94\u94fe\u66f4\u987a\u7545\u3001\u8ba4\u8bc1\u65f6\u95f4\u8868\u66f4\u53ef\u9884\u6d4b\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u4e0a\u6da8\u7ea65%\uff0c\u53cd\u6620\u5e02\u573a\u5bf9\u4e8f\u635f\u8fdc\u5c0f\u4e8e\u9884\u671f\u53ca\u590d\u82cf\u8def\u5f84\u5ef6\u7eed\u7684\u8ba4\u53ef\u3002\u5f53\u524d\u4fe1\u53f7\u652f\u6301\u201c\u8fd0\u8425\u8d8b\u4e8e\u7a33\u5b9a\u201d\u7684\u89c2\u70b9\uff0c\u4f46\u5173\u952e\u95ee\u9898\u5728\u4e8e\uff1a\u8fd9\u662f\u5426\u5df2\u8fdb\u5165\u771f\u6b63\u7684\u73b0\u91d1\u56de\u6536\u9636\u6bb5\uff0c\u8fd8\u662f\u4ecd\u505c\u7559\u5728\u76c8\u5229\u4f01\u7a33\u9636\u6bb5\uff1f\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09737\u751f\u4ea7\u8282\u594f\uff1b\uff082\uff09787\u4ea7\u51fa\u6548\u7387\uff1b\uff083\uff09737-7\u3001737-10\u53ca777X\u7684\u8ba4\u8bc1\u8fdb\u5ea6\uff1b\uff084\uff09Spirit\u76f8\u5173\u6210\u672c\u4e0e\u4f9b\u5e94\u94fe\u6270\u52a8\u662f\u5426\u53ef\u63a7\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a200\u7f8e\u5143\u81f3280\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>AT&T Inc. (T)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$31.5B,\u00a0+2.8% YoY,\u00a0beat\u00a0estimates\u00a0by $260M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$0.57,\u00a0beat estimates by\u00a0$0.02\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Reaffirmed FY26 adjusted EPS guidance of $2.25 to $2.35 and full-year free cash flow guidance of at least $18B.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividends\/Share Buybacks:\u00a0<\/strong>Quarterly dividend\u00a0remains\u00a0$0.2775 per share. Management also reiterated its plan to return at least $45B to shareholders by 2028.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was operationally solid. AT&T delivered 294,000 postpaid phone net\u00a0adds\u00a0and 584,000 total broadband net adds, including 292,000\u00a0fiber\u00a0net adds and 292,000 fixed wireless net adds. That supports the view that the company\u2019s bundled wireless and broadband strategy is still working, particularly as\u00a0fiber\u00a0scale expands and cross-sell penetration improves. Reuters also noted that about 42% of AT&T home internet customers now take wireless service as well.\u00a0\u00a0The clearest area of strength was Advanced Connectivity. AT&T reported about 5% growth in that segment, driven by\u00a0fiber\u00a0and 5G services, while legacy copper-related operations continued to decline. This matters because the earnings story is increasingly about whether higher-quality connectivity revenue can outgrow the legacy drag with enough consistency to support cash flow expansion. The principal issue was not the headline beat, but the quality of customer retention and cash flow. Several reports highlighted wireless churn of\u00a0nearly 0.9%, which was worse than some investors expected. Free cash flow also fell 19% YoY to $2.5B, largely because capital investment rose to about $5.1B as AT&T accelerated\u00a0fiber\u00a0deployment and integrated the Lumen consumer\u00a0fiber\u00a0asset acquisition. That spending is strategically sensible, but it raises the burden on execution over the next few quarters.\u00a0\u00a0The balance of the quarter was therefore mixed in market terms. Subscriber growth, broadband momentum, and reaffirmed guidance were supportive, but higher churn and softer near-term cash flow offset that strength. The company\u00a0remains\u00a0in a capital-intensive phase where investors want proof that\u00a0fiber\u00a0expansion can translate into durable, higher-quality free cash flow rather than only customer growth.\u00a0\u00a0Shares fell about 3% as investors focused on churn and a softer-than-hoped near-term cash flow setup despite the EPS beat and solid subscriber additions. The underlying business\u00a0remains\u00a0constructive. Fiber growth is strong, wireless adds were better than expected, and management\u00a0maintained\u00a0full-year EPS and free cash flow guidance. However, churn moved the wrong way, free cash flow\u00a0remains\u00a0back-end loaded, and the market is increasingly sensitive to whether incremental\u00a0fiber\u00a0investment produces superior shareholder returns. The principal variables to monitor are postpaid phone churn,\u00a0fiber\u00a0penetration and cross-sell rates, second-quarter cash flow conversion, and whether the Lumen\u00a0fiber\u00a0asset integration accelerates revenue quality.\u00a0<strong>2Q26 recommended trading range: $15\u00a0to $19. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>AT&T\u00a0Inc.\uff08T)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>315\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f2.8%\uff0c\u8d85\u51fa\u9884\u671f2.6\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.57\u7f8e\u5143\uff0c\u5c0f\u5e45\u8d85\u51fa\u9884\u671f0.02\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u91cd\u7533\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca2.25\u20132.35\u7f8e\u5143\uff1b\u81ea\u7531\u73b0\u91d1\u6d41\u81f3\u5c11180\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\u4e0e\u8d44\u672c\u8fd4\u8fd8\uff1a<\/strong>\u7ef4\u6301\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a10.2775\u7f8e\u5143\uff1b\u91cd\u7533\u8ba1\u5212\u57282028\u5e74\u524d\u5411\u80a1\u4e1c\u8fd4\u8fd8\u81f3\u5c11450\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8fd0\u8425\u8868\u73b0\u7a33\u5065\u3002\u516c\u53f8\u65b0\u589e29.4\u4e07\u540e\u4ed8\u8d39\u624b\u673a\u7528\u6237\u548c58.4\u4e07\u5bbd\u5e26\u51c0\u7528\u6237\uff08\u5176\u4e2d\u5149\u7ea4\u4e0e\u56fa\u5b9a\u65e0\u7ebf\u5404\u589e29.2\u4e07\uff09\uff0c\u5370\u8bc1\u5176\u201c\u65e0\u7ebf+\u5bbd\u5e26\u201d\u6346\u7ed1\u6218\u7565\u6301\u7eed\u594f\u6548\u2014\u2014\u968f\u7740\u5149\u7ea4\u7f51\u7edc\u89c4\u6a21\u6269\u5927\u53ca\u4ea4\u53c9\u9500\u552e\u6e17\u900f\u7387\u63d0\u5347\uff0c\u534f\u540c\u6548\u5e94\u65e5\u76ca\u663e\u73b0\u3002\u636e\u8def\u900f\u793e\u62a5\u9053\uff0c\u76ee\u524d\u7ea642%\u7684AT&T\u5bb6\u5ead\u4e92\u8054\u7f51\u7528\u6237\u540c\u65f6\u4f7f\u7528\u5176\u65e0\u7ebf\u670d\u52a1\uff0c\u51f8\u663e\u878d\u5408\u5957\u9910\u7c98\u6027\u3002\u9ad8\u7ea7\u8fde\u63a5\u4e1a\u52a1\uff08Advanced Connectivity\uff09\u6210\u4e3a\u6700\u6e05\u6670\u7684\u589e\u957f\u5f15\u64ce\uff1a\u8be5\u677f\u5757\u6536\u5165\u589e\u957f\u7ea65%\uff0c\u7531\u5149\u7ea4\u4e0e5G\u9a71\u52a8\uff0c\u800c\u4f20\u7edf\u94dc\u7f06\u4e1a\u52a1\u7ee7\u7eed\u840e\u7f29\u3002\u8fd9\u6807\u5fd7\u7740\u516c\u53f8\u76c8\u5229\u6545\u4e8b\u6b63\u8f6c\u5411\u201c\u9ad8\u8d28\u91cf\u8fde\u63a5\u6536\u5165\u80fd\u5426\u6301\u7eed\u8dd1\u8d62\u4f20\u7edf\u4e1a\u52a1\u62d6\u7d2f\u201d\uff0c\u4ee5\u652f\u6491\u81ea\u7531\u73b0\u91d1\u6d41\u6269\u5f20\u3002\u7136\u800c\uff0c\u5e02\u573a\u5173\u6ce8\u70b9\u4e0d\u5728\u9876\u5c42\u8d85\u9884\u671f\uff0c\u800c\u5728\u7528\u6237\u7559\u5b58\u4e0e\u73b0\u91d1\u6d41\u8d28\u91cf\u3002\u591a\u9879\u62a5\u544a\u663e\u793a\uff0c\u65e0\u7ebf\u7528\u6237\u6d41\u5931\u7387\uff08churn\uff09\u5347\u81f3\u8fd10.9%\uff0c\u9ad8\u4e8e\u90e8\u5206\u6295\u8d44\u8005\u9884\u671f\uff1b\u81ea\u7531\u73b0\u91d1\u6d41\u540c\u6bd4\u4e0b\u6ed119%\u81f325\u4ebf\u7f8e\u5143\uff0c\u4e3b\u56e0\u8d44\u672c\u652f\u51fa\u589e\u81f351\u4ebf\u7f8e\u5143\u2014\u2014\u7528\u4e8e\u52a0\u901f\u5149\u7ea4\u90e8\u7f72\u53ca\u6574\u5408\u6536\u8d2d\u7684Lumen\u6d88\u8d39\u8005\u5149\u7ea4\u8d44\u4ea7\u3002\u6b64\u7c7b\u6295\u8d44\u5177\u6218\u7565\u5408\u7406\u6027\uff0c\u4f46\u4e5f\u62ac\u9ad8\u4e86\u672a\u6765\u51e0\u4e2a\u5b63\u5ea6\u7684\u6267\u884c\u95e8\u69db\u3002\u56e0\u6b64\uff0c\u672c\u5b63\u5e02\u573a\u89c2\u611f\u559c\u5fe7\u53c2\u534a\uff1a\u7528\u6237\u589e\u957f\u3001\u5bbd\u5e26\u52a8\u80fd\u4e0e\u5168\u5e74\u6307\u5f15\u91cd\u7533\u6784\u6210\u5229\u597d\uff0c\u4f46\u66f4\u9ad8\u6d41\u5931\u7387\u4e0e\u77ed\u671f\u73b0\u91d1\u6d41\u75b2\u8f6f\u62b5\u6d88\u4e86\u90e8\u5206\u79ef\u6781\u4fe1\u53f7\u3002\u516c\u53f8\u4ecd\u5904\u8d44\u672c\u5bc6\u96c6\u9636\u6bb5\uff0c\u6295\u8d44\u8005\u4e9f\u9700\u770b\u5230\u5149\u7ea4\u6269\u5f20\u80fd\u8f6c\u5316\u4e3a\u53ef\u6301\u7eed\u3001\u9ad8\u8d28\u91cf\u7684\u81ea\u7531\u73b0\u91d1\u6d41\uff0c\u800c\u975e\u4ec5\u7528\u6237\u6570\u91cf\u589e\u957f\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u4e0b\u8dcc\u7ea63%\uff0c\u53cd\u6620\u5e02\u573a\u805a\u7126\u6d41\u5931\u7387\u4e0a\u5347\u4e0e\u73b0\u91d1\u6d41\u5f31\u4e8e\u9884\u671f\uff0c\u5c3d\u7ba1EPS\u4e0e\u7528\u6237\u6570\u636e\u4eae\u773c\u3002\u57fa\u672c\u9762\u4ecd\u5177\u5efa\u8bbe\u6027\uff1a\u5149\u7ea4\u589e\u957f\u5f3a\u52b2\u3001\u65e0\u7ebf\u65b0\u589e\u8d85\u9884\u671f\u3001\u5168\u5e74EPS\u4e0e\u81ea\u7531\u73b0\u91d1\u6d41\u6307\u5f15\u672a\u4e0b\u8c03\u3002\u4f46\u6311\u6218\u5728\u4e8e\uff1a\u6d41\u5931\u7387\u6076\u5316\u3001\u73b0\u91d1\u6d41\u9ad8\u5ea6\u540e\u7f6e\uff0c\u4ee5\u53ca\u5e02\u573a\u5bf9\u5149\u7ea4\u6295\u8d44\u56de\u62a5\u6548\u7387\u65e5\u76ca\u654f\u611f\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u540e\u4ed8\u8d39\u624b\u673a\u7528\u6237\u6d41\u5931\u7387\u8d70\u52bf\uff1b\uff082\uff09\u5149\u7ea4\u6e17\u900f\u7387\u4e0e\u4ea4\u53c9\u9500\u552e\u6df1\u5316\uff1b\uff083\uff09\u7b2c\u4e8c\u5b63\u5ea6\u73b0\u91d1\u6d41\u8f6c\u5316\u6539\u5584\uff1b\uff084\uff09Lumen\u5149\u7ea4\u8d44\u4ea7\u6574\u5408\u80fd\u5426\u52a0\u901f\u63d0\u5347\u6536\u5165\u8d28\u91cf\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a15\u7f8e\u5143\u81f319\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tesla, Inc. (TSLA)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$22.39B,\u00a0+15.8% YoY,\u00a0beat\u00a0estimates\u00a0by $190M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$0.41,\u00a0beat estimates by\u00a0$0.06\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Tesla increased 2026 capex guidance to more than $25B from $20B previously, reflecting heavier spending on AI, robotics, chips, and new production capacity.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The headline quarter was mixed. EPS beat expectations and operating profit improved sharply, but revenue was slightly\u00a0light\u00a0and the quality of the quarter\u00a0remains\u00a0heavily debated because the core automotive business is still facing a softer demand backdrop. Tesla reported 358,023 deliveries in 1Q26, below analyst expectations, and produced 50,363 more vehicles than it delivered,\u00a0indicating\u00a0renewed inventory build.\u00a0\u00a0Demand\u00a0remains\u00a0the main issue.\u00a0The\u00a0U.S. EV tax credit expiry, intensifying competition, and delayed regulatory progress for full self-driving in Europe are weighing on deliveries. California registrations also fell 24.3% in 1Q26, reinforcing the view that Tesla is under pressure in one of its most important domestic markets. Management continues to push the long-duration AI and autonomy narrative. Tesla is expanding robotaxi operations from Austin into Dallas and Houston, while also increasing spending on robotics, chips, and future platforms. Strategically, this may strengthen Tesla\u2019s long-term positioning, but it also raises the burden on execution because capex is stepping up materially before those businesses are generating meaningful earnings. There is also a margin trade-off\u00a0emerging. Coverage ahead of results noted that Tesla\u2019s lower-cost EV strategy could help support volume and factory\u00a0utilization, but it also risks\u00a0additional\u00a0pressure on already strained automotive margins. That leaves investors balancing two competing narratives: stabilizing volume through cheaper vehicles versus preserving profitability. The immediate stock reaction was volatile.\u00a0Shares initially rose about 4%\u00a0before\u00a0turning down about 2% to 2.4% after the earnings call as investors focused on the higher capex burden, the delayed monetization of robotaxi and Optimus initiatives, and the absence of cleaner near-term operating leverage.\u00a0\u00a0The setup\u00a0remains\u00a0mixed. Tesla still has genuine strategic optionality in autonomy, robotics, energy storage, and AI infrastructure, and that optionality continues to support valuation. However, the near-term operating picture is less clean: deliveries missed, inventory rose, demand signals in California were weak, and higher capex will\u00a0likely suppress\u00a0free cash flow conversion\u00a0relative\u00a0to what a pure EV recovery case would imply. The principal variables to monitor are volume recovery in 2Q26, pricing discipline on lower-cost models, robotaxi scaling beyond the\u00a0initial\u00a0launch cities, and whether capex translates into credible earnings power rather than only narrative expansion.\u00a0<strong>2Q26 recommended trading range: $330\u00a0to $430. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u7279\u65af\u62c9\uff08TSLA)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>223.9\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f15.8%\uff0c\u8d85\u51fa\u9884\u671f1.9\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.41\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.06\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c032026\u5e74\u8d44\u672c\u652f\u51fa\u81f3\u8d85250\u4ebf\u7f8e\u5143\uff08\u6b64\u524d\u4e3a200\u4ebf\u7f8e\u5143\uff09\uff0c\u4e3b\u56e0\u52a0\u5927\u5bf9AI\u3001\u673a\u5668\u4eba\u3001\u81ea\u7814\u82af\u7247\u53ca\u65b0\u4ea7\u80fd\u7684\u6295\u8d44\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u559c\u5fe7\u53c2\u534a\u3002\u5c3d\u7ba1EPS\u8d85\u9884\u671f\u4e14\u8425\u4e1a\u5229\u6da6\u663e\u8457\u6539\u5584\uff0c\u4f46\u8425\u6536\u7565\u663e\u75b2\u8f6f\uff0c\u4e14\u6838\u5fc3\u6c7d\u8f66\u4e1a\u52a1\u4ecd\u9762\u4e34\u9700\u6c42\u653e\u7f13\u538b\u529b\u3002\u516c\u53f8\u4e00\u5b63\u5ea6\u4ea4\u4ed8358,023\u8f86\u6c7d\u8f66\uff0c\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\uff0c\u5e76\u751f\u4ea7\u4e86\u6bd4\u4ea4\u4ed8\u591a50,363\u8f86\u7684\u8f66\u8f86\uff0c\u663e\u793a\u5e93\u5b58\u518d\u5ea6\u7d2f\u79ef\u3002\u9700\u6c42\u4ecd\u662f\u6838\u5fc3\u6311\u6218\uff1a\u7f8e\u56fdEV\u7a0e\u6536\u62b5\u514d\u5230\u671f\u3001\u7ade\u4e89\u52a0\u5267\u3001\u4ee5\u53caFSD\u5728\u6b27\u6d32\u76d1\u7ba1\u8fdb\u5c55\u5ef6\u8fdf\uff0c\u5171\u540c\u62d6\u7d2f\u4ea4\u4ed8\u8868\u73b0\uff1b\u52a0\u5dde\u4e00\u5b63\u5ea6\u6ce8\u518c\u91cf\u540c\u6bd4\u4e0b\u6ed124.3%\uff0c\u51f8\u663e\u5176\u5728\u5173\u952e\u672c\u571f\u5e02\u573a\u7684\u627f\u538b\u6001\u52bf\u3002\u7ba1\u7406\u5c42\u7ee7\u7eed\u5f3a\u5316\u957f\u671fAI\u4e0e\u81ea\u52a8\u9a7e\u9a76\u53d9\u4e8b\uff1aRobotaxi\u670d\u52a1\u6b63\u4ece\u5965\u65af\u6c40\u6269\u5c55\u81f3\u8fbe\u62c9\u65af\u548c\u4f11\u65af\u987f\uff0c\u5e76\u52a0\u5927\u5728Optimus\u4eba\u5f62\u673a\u5668\u4eba\u3001Dojo\u82af\u7247\u53ca\u4e0b\u4e00\u4ee3\u5e73\u53f0\u4e0a\u7684\u6295\u5165\u3002\u6b64\u4e3e\u6216\u589e\u5f3a\u957f\u671f\u7ade\u4e89\u529b\uff0c\u4f46\u4e5f\u610f\u5473\u7740\u5de8\u989d\u8d44\u672c\u5f00\u652f\u5c06\u5728\u65b0\u4e1a\u52a1\u4ea7\u751f\u5b9e\u8d28\u76c8\u5229\u524d\u6301\u7eed\u6500\u5347\uff0c\u62ac\u9ad8\u6267\u884c\u98ce\u9669\u3002\u540c\u65f6\uff0c\u5229\u6da6\u7387\u6743\u8861\u65e5\u76ca\u660e\u663e\uff1a\u4f4e\u4ef7\u8f66\u578b\u7b56\u7565\u867d\u6709\u52a9\u4e8e\u7ef4\u6301\u4ea7\u91cf\u4e0e\u5de5\u5382\u5229\u7528\u7387\uff0c\u5374\u53ef\u80fd\u8fdb\u4e00\u6b65\u6324\u538b\u672c\u5df2\u627f\u538b\u7684\u6c7d\u8f66\u6bdb\u5229\u7387\uff0c\u4f7f\u6295\u8d44\u8005\u5728\u201c\u7a33\u9500\u91cf\u201d\u4e0e\u201c\u4fdd\u5229\u6da6\u201d\u4e4b\u95f4\u6743\u8861\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u6ce2\u52a8\u5267\u70c8\uff1a\u76d8\u540e\u4e00\u5ea6\u4e0a\u6da84%\uff0c\u4f46\u5728\u7535\u8bdd\u4f1a\u540e\u8f6c\u8dcc2%\u20132.4%\uff0c\u53cd\u6620\u5e02\u573a\u5bf9\u66f4\u9ad8\u8d44\u672c\u5f00\u652f\u8d1f\u62c5\u3001Robotaxi\u4e0eOptimus\u53d8\u73b0\u5ef6\u8fdf\u3001\u4ee5\u53ca\u7f3a\u4e4f\u6e05\u6670\u8fd1\u7aef\u8fd0\u8425\u6760\u6746\u7684\u62c5\u5fe7\u3002\u5f53\u524d\u683c\u5c40\u4ecd\u663e\u5206\u5316\uff1a\u7279\u65af\u62c9\u5728\u81ea\u52a8\u9a7e\u9a76\u3001\u673a\u5668\u4eba\u3001\u50a8\u80fd\u53caAI\u57fa\u7840\u8bbe\u65bd\u9886\u57df\u5177\u5907\u771f\u5b9e\u6218\u7565\u671f\u6743\u4ef7\u503c\uff0c\u652f\u6491\u5176\u4f30\u503c\u6ea2\u4ef7\uff1b\u4f46\u8fd1\u7aef\u8fd0\u8425\u5e76\u4e0d\u660e\u6717\u2014\u2014\u4ea4\u4ed8\u4e0d\u53ca\u9884\u671f\u3001\u5e93\u5b58\u4e0a\u5347\u3001\u52a0\u5dde\u9700\u6c42\u75b2\u8f6f\u3001\u8d44\u672c\u5f00\u652f\u6fc0\u589e\u5c06\u6291\u5236\u81ea\u7531\u73b0\u91d1\u6d41\u8f6c\u5316\uff0c\u504f\u79bb\u7eaf\u7535\u52a8\u8f66\u590d\u82cf\u903b\u8f91\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u4e8c\u5b63\u5ea6\u4ea4\u4ed8\u91cf\u80fd\u5426\u56de\u5347\uff1b\uff082\uff09\u4f4e\u4ef7\u8f66\u578b\u5b9a\u4ef7\u7eaa\u5f8b\u662f\u5426\u53ef\u63a7\uff1b\uff083\uff09Robotaxi\u80fd\u5426\u987a\u5229\u62d3\u5c55\u81f3\u65b0\u57ce\u5e02\uff1b\uff084\uff09\u9ad8\u989d\u8d44\u672c\u5f00\u652f\u80fd\u5426\u8f6c\u5316\u4e3a\u53ef\u4fe1\u7684\u672a\u6765\u76c8\u5229\uff0c\u800c\u975e\u4ec5\u6269\u5927\u53d9\u4e8b\u8fb9\u754c\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a330\u7f8e\u5143\u81f3430\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ServiceNow, Inc. (NOW)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$3.77B,\u00a0+22.0% YoY, beat estimates by\u202f$20M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$0.97,\u00a0in-line with estimates\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Raised FY26 subscription revenue outlook to $15.74B to $15.78B.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a02Q26 subscription revenue guidance was $3.815B to $3.820B\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter itself was solid. Subscription revenue reached $3.671B, up 22% YoY, and total revenue reached $3.770B, also up 22% YoY. Management\u00a0stated\u00a0that it beat the high end of guidance across topline growth and profitability metrics, which\u00a0indicates\u00a0underlying enterprise demand remained healthy despite a difficult software backdrop.\u00a0AI demand\u00a0remained\u00a0a clear support. Management highlighted strong traction in Now Assist, and external coverage noted a 130% YoY increase in customers with more than $1M in annual contract value for the AI offering.\u00a0More than 50% of new business is now generated through usage-based models rather than traditional user licenses, which suggests monetization is evolving in a way that could support longer-term platform durability. The main issue was geopolitical disruption rather than demand collapse. ServiceNow said delayed\u00a0on-premise\u00a0government deals in the Middle East created a\u00a075 bps\u00a0headwind to subscription revenue growth in the quarter. Management\u00a0indicated\u00a0these deals are expected to close later in the year, but the timing issue was enough to pressure investor sentiment around near-term execution. A second issue was margin dilution tied to the Armis acquisition. Coverage\u00a0indicated\u00a0the transaction is expected to reduce 2026 operating margin by about 75 bps and free cash flow margin by about 200 bps. That matters because ServiceNow delivered a beat-and-raise quarter on revenue, but investors are now weighing stronger growth and platform expansion against lower near-term margin progression. Current remaining performance obligations were also constructive. Total current RPO rose\u00a0nearly 23%\u00a0to $12.64B, which supports forward revenue visibility and suggests that the core business has not meaningfully weakened. Shares fell sharply about 12%. The market focused less on the raised full-year subscription revenue outlook and more on delayed Middle East deals, Armis-related margin pressure, and broader\u00a0skepticism\u00a0toward software valuations in the current environment. The fundamental read-through\u00a0remains\u00a0mixed to constructive. Revenue growth is still above 20%, AI traction is strong, and full-year subscription guidance moved higher. However, the quarter did not provide a clean margin expansion story, and investors are clearly sensitive to any sign of execution slippage or geopolitical disruption. The principal variables to monitor are conversion of delayed Middle East deals, Armis integration, large-deal momentum, current RPO growth, and whether AI monetization continues to offset broader software multiple compression.\u00a0<strong>2Q26 recommended trading range: $70\u00a0to $130.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ServiceNow,\u00a0Inc.\uff08NOW)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>37.7\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f22.0%\uff0c\u8d85\u51fa\u9884\u671f2000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.97\u7f8e\u5143\uff0c\u7b26\u5408\u5e02\u573a\u9884\u671f\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u8ba2\u9605\u6536\u5165\u9884\u671f\u81f3157.4\u4ebf\u2013157.8\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u8ba2\u9605\u6536\u516538.15\u4ebf\u201338.20\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u57fa\u672c\u9762\u624e\u5b9e\u3002\u8ba2\u9605\u6536\u5165\u8fbe36.71\u4ebf\u7f8e\u5143\uff08+22% YoY\uff09\uff0c\u603b\u8425\u653637.7\u4ebf\u7f8e\u5143\uff08+22% YoY\uff09\uff0c\u7ba1\u7406\u5c42\u8868\u793a\u9876\u5c42\u589e\u957f\u4e0e\u76c8\u5229\u80fd\u529b\u5747\u8d85\u8d8a\u6307\u5f15\u4e0a\u9650\uff0c\u8868\u660e\u5728\u5f53\u524d\u4f01\u4e1a\u8f6f\u4ef6\u73af\u5883\u627f\u538b\u80cc\u666f\u4e0b\uff0c\u6838\u5fc3\u9700\u6c42\u4f9d\u7136\u7a33\u5065\u3002AI\u6210\u4e3a\u5173\u952e\u589e\u957f\u652f\u67f1\uff1aNow Assist\u4ea7\u54c1\u83b7\u5f97\u5f3a\u52b2\u91c7\u7528\uff0c\u5916\u90e8\u62a5\u9053\u6307\u51fa\uff0c\u5e74\u5408\u540c\u4ef7\u503c\u8d85100\u4e07\u7f8e\u5143\u7684AI\u5ba2\u6237\u6570\u91cf\u540c\u6bd4\u6fc0\u589e130%\uff1b\u540c\u65f6\uff0c\u8d8550%\u7684\u65b0\u4e1a\u52a1\u73b0\u901a\u8fc7\u7528\u91cf\u578b\u8ba1\u8d39\u6a21\u5f0f\uff08usage-based\uff09\u8fbe\u6210\uff0c\u53cd\u6620\u53d8\u73b0\u6a21\u5f0f\u6b63\u5411\u66f4\u5177\u7c98\u6027\u4e0e\u6269\u5c55\u6027\u7684\u5e73\u53f0\u7ecf\u6d4e\u6f14\u8fdb\uff0c\u6709\u5229\u4e8e\u957f\u671f\u53ef\u6301\u7eed\u6027\u3002\u7136\u800c\uff0c\u5e02\u573a\u53cd\u5e94\u8d1f\u9762\uff0c\u80a1\u4ef7\u5927\u8dcc\u7ea612%\uff0c\u4e3b\u56e0\u4e09\u5927\u6270\u52a8\uff1a\u5730\u7f18\u653f\u6cbb\u5bfc\u81f4\u4ea4\u6613\u5ef6\u8fdf\uff1a\u4e2d\u4e1c\u5730\u533a\u90e8\u5206\u653f\u5e9c\u672c\u5730\u90e8\u7f72\u9879\u76ee\u63a8\u8fdf\uff0c\u9020\u6210\u8ba2\u9605\u6536\u5165\u589e\u901f\u7ea675\u4e2a\u57fa\u70b9\u7684\u77ed\u671f\u62d6\u7d2f\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\u8fd9\u4e9b\u4ea4\u6613\u5c06\u5728\u5e74\u5185\u5b8c\u6210\uff0c\u4f46\u65f6\u70b9\u4e0d\u786e\u5b9a\u6027\u5f15\u53d1\u5bf9\u8fd1\u7aef\u6267\u884c\u529b\u7684\u62c5\u5fe7\uff1bArmis\u6536\u8d2d\u5e26\u6765\u5229\u6da6\u7387\u7a00\u91ca\uff1a\u8be5\u4ea4\u6613\u9884\u8ba1\u5c06\u4f7f2026\u5e74\u8425\u4e1a\u5229\u6da6\u7387\u4e0b\u964d\u7ea675\u4e2a\u57fa\u70b9\uff0c\u81ea\u7531\u73b0\u91d1\u6d41\u5229\u6da6\u7387\u51cf\u5c11\u7ea6200\u4e2a\u57fa\u70b9\uff1b\u8f6f\u4ef6\u677f\u5757\u4f30\u503c\u60c5\u7eea\u6574\u4f53\u504f\u5f31\uff0c\u5e02\u573a\u5bf9\u4efb\u4f55\u6267\u884c\u7455\u75b5\u9ad8\u5ea6\u654f\u611f\u3002\u79ef\u6781\u4fe1\u53f7\u4ecd\u663e\u8457\uff1a\u5f53\u524d\u5269\u4f59\u5c65\u7ea6\u4e49\u52a1\uff08Current RPO\uff09\uff0c\u652f\u6491\u672a\u6765\u6536\u5165\u53ef\u89c1\u6027\uff0c\u5370\u8bc1\u6838\u5fc3\u4e1a\u52a1\u672a\u73b0\u5b9e\u8d28\u6027\u75b2\u8f6f\u3002\u6574\u4f53\u683c\u5c40\u6df7\u5408\u504f\u79ef\u6781\uff1a\u6536\u5165\u589e\u901f\u7ef4\u630120%\u4ee5\u4e0a\u3001AI\u52a8\u80fd\u5f3a\u52b2\u3001\u5168\u5e74\u8ba2\u9605\u6307\u5f15\u4e0a\u8c03\uff0c\u663e\u793a\u5e73\u53f0\u5438\u5f15\u529b\u672a\u51cf\u3002\u4f46\u672c\u5b63\u672a\u80fd\u63d0\u4f9b\u6e05\u6670\u7684\u5229\u6da6\u7387\u6269\u5f20\u6545\u4e8b\uff0c\u4e14\u5730\u7f18\u4e0e\u6574\u5408\u56e0\u7d20\u538b\u5236\u77ed\u671f\u76c8\u5229\u8d28\u91cf\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u4e2d\u4e1c\u5ef6\u8fdf\u8ba2\u5355\u80fd\u5426\u987a\u5229\u8f6c\u5316\uff1b\uff082\uff09Armis\u6574\u5408\u8fdb\u5ea6\u4e0e\u534f\u540c\u6548\u5e94\u91ca\u653e\uff1b\uff083\uff09\u5927\u989d\u4ea4\u6613 momentum \u662f\u5426\u6062\u590d\uff1b\uff084\uff09Current RPO\u6301\u7eed\u589e\u957f\uff1b\uff085\uff09AI\u53d8\u73b0\u80fd\u5426\u6709\u6548\u5bf9\u51b2\u8f6f\u4ef6\u4f30\u503c\u538b\u7f29\u538b\u529b\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a70\u7f8e\u5143\u81f3130\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>International Business Machines Corp. (IBM)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$15.92B,\u00a0+9.5% YoY, beat estimates by\u202f$270M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$1.91,\u00a0beat estimates by\u00a0$0.10\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY26\u00a0Guidance:<\/strong>\u00a0Expects\u00a0full-year constant currency revenue growth of more than 5%\u00a0and\u00a0cash flow to increase by about $1B YoY.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividend distribution:<\/strong>\u00a0Board of directors declared an increase in the regular quarterly cash dividend to $1.69 per share, payable\u00a010\u00a0June to stockholders of record as of\u00a08\u00a0May.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>IBM delivered a solid first quarter, with revenue rising 9%\u00a0YoY\u00a0to US$15.92bn\u00a0and adjusted earnings per share of US$1.91, both ahead of expectations, although growth slowed from the prior quarter and the market reacted negatively because software momentum was less robust than hoped. The software segment, including Red Hat and\u00a0Watsonx, grew 11.3%, fuelling concerns that artificial intelligence tools could increasingly pressure parts of IBM\u2019s legacy software business, while the infrastructure segment\u00a0remained\u00a0a bright spot with revenue up 15.2% to US$3.33bn, supported by strong mainframe demand. Management pushed back on fears that AI is disrupting IBM\u2019s franchise, arguing that generative AI tools such as\u00a0Watsonx\u00a0Code Assistant are\u00a0actually helping\u00a0modernize mainframe environments and driving greater consumption. Looking ahead, IBM appears positioned for steady but not spectacular growth, with its deep enterprise relationships, hybrid cloud footprint, and AI-enabled modernization tools providing some resilience, though investor confidence will likely depend on whether software growth can reaccelerate and prove that AI is more of a tailwind than a threat.\u00a0<strong>2Q26 recommended trading range: $210\u00a0to $260.\u00a0Neutral\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>International Business Machines\u00a0Corp.\uff08IBM<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>159.2\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f9.5%\uff0c\u8d85\u51fa\u9884\u671f2.7\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.91\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.10\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u5168\u5e74\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u7684\u8425\u6536\u589e\u957f\u8d855%\uff0c\u73b0\u91d1\u6d41\u540c\u6bd4\u589e\u52a0\u7ea610\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\u5206\u914d\uff1a<\/strong>\u8463\u4e8b\u4f1a\u5ba3\u5e03\u5c06\u5e38\u89c4\u5b63\u5ea6\u73b0\u91d1\u80a1\u606f\u4e0a\u8c03\u81f3\u6bcf\u80a11.69\u7f8e\u5143\uff0c\u5c06\u4e8e6\u670810\u65e5\u652f\u4ed8\u7ed95\u67088\u65e5\u767b\u8bb0\u5728\u518c\u7684\u80a1\u4e1c\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8bc4\u8bba\uff1a<\/strong>IBM \u7b2c\u4e00\u5b63\u5ea6\u8868\u73b0\u7a33\u5065\uff0c\u8425\u6536\u540c\u6bd4\u589e\u957f9%\u81f3159.2\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca1.91\u7f8e\u5143\uff0c\u4e24\u9879\u6570\u636e\u5747\u8d85\u51fa\u9884\u671f\uff0c\u4f46\u589e\u901f\u8f83\u4e0a\u4e00\u5b63\u5ea6\u6709\u6240\u653e\u7f13\uff0c\u4e14\u56e0\u8f6f\u4ef6\u4e1a\u52a1\u52a8\u80fd\u4e0d\u53ca\u9884\u671f\uff0c\u5e02\u573a\u53cd\u5e94\u504f\u8d1f\u9762\u3002\u5305\u62ec Red Hat \u548c\u00a0Watsonx\u00a0\u5728\u5185\u7684\u8f6f\u4ef6\u677f\u5757\u589e\u957f11.3%\uff0c\u5f15\u53d1\u5e02\u573a\u62c5\u5fe7\u4eba\u5de5\u667a\u80fd\u5de5\u5177\u53ef\u80fd\u65e5\u76ca\u6324\u538b IBM \u4f20\u7edf\u8f6f\u4ef6\u4e1a\u52a1\uff1b\u800c\u57fa\u7840\u8bbe\u65bd\u677f\u5757\u4ecd\u662f\u4eae\u70b9\uff0c\u8425\u6536\u589e\u957f15.2%\u81f333.3\u4ebf\u7f8e\u5143\uff0c\u53d7\u76ca\u4e8e\u5927\u578b\u673a\u9700\u6c42\u5f3a\u52b2\u3002\u7ba1\u7406\u5c42\u53cd\u9a73\u4e86\u201d\u4eba\u5de5\u667a\u80fd\u6b63\u5728\u98a0\u8986 IBM\u00a0\u4e1a\u52a1\u201d\u7684\u62c5\u5fe7\uff0c\u6307\u51fa\u00a0Watsonx\u00a0Code Assistant\u00a0\u7b49\u751f\u6210\u5f0f\u4eba\u5de5\u667a\u80fd\u5de5\u5177\u5b9e\u9645\u4e0a\u6b63\u52a9\u529b\u5927\u578b\u673a\u73af\u5883\u73b0\u4ee3\u5316\u5e76\u63a8\u52a8\u4f7f\u7528\u91cf\u63d0\u5347\u3002\u5c55\u671b\u672a\u6765\uff0cIBM\u00a0\u6709\u671b\u5b9e\u73b0\u7a33\u5065\u4f46\u975e\u7206\u53d1\u5f0f\u589e\u957f\uff0c\u5176\u6df1\u539a\u7684\u4f01\u4e1a\u5ba2\u6237\u5173\u7cfb\u3001\u6df7\u5408\u4e91\u5e03\u5c40\u53ca\u4eba\u5de5\u667a\u80fd\u8d4b\u80fd\u7684\u73b0\u4ee3\u5316\u8f6c\u578b\u5de5\u5177\u63d0\u4f9b\u4e00\u5b9a\u97e7\u6027\uff0c\u4f46\u6295\u8d44\u8005\u4fe1\u5fc3\u53ef\u80fd\u53d6\u51b3\u4e8e\u8f6f\u4ef6\u4e1a\u52a1\u80fd\u5426\u91cd\u65b0\u52a0\u901f\u589e\u957f\uff0c\u5e76\u8bc1\u660e\u4eba\u5de5\u667a\u80fd\u662f\u52a9\u529b\u800c\u975e\u5a01\u80c1\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a210\u7f8e\u5143\u81f3260\u7f8e\u5143\u3002\u4e2d\u6027\u5c55\u671b\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Texas Instruments Inc. (TXN)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$4.83B,\u00a0+18.7% YoY,\u00a0beat\u00a0estimates by\u202f$300M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0GAAP\u00a0EPS<\/strong>:\u00a0$1.68,\u00a0beat\u00a0estimates\u00a0by $0.32\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Expect revenue\u00a0of\u00a0between $5B\u00a0and\u00a0$5.40B, compared with estimates of\u00a0$4.86B\u00a0and\u00a0earnings per share\u00a0of\u00a0between\u00a0$1.77 and $2.05, compared with estimates of\u00a0$1.57\u00a0per share.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>Texas Instruments reported a better-than-expected first quarter and issued a strong second-quarter outlook,\u00a0signalling\u00a0improving demand across several key end markets. First-quarter revenue came in at US$4.83bn, ahead of the US$4.53bn\u00a0consensus, while second-quarter guidance of US$5.0bn\u00a0to US$5.4bn\u00a0in revenue and US$1.77 to US$2.05 in earnings per share both exceeded Wall Street expectations. Management cited particularly strong momentum in data\u00a0centre\u00a0demand, where revenue grew around 90%\u00a0YoY, alongside a recovery in industrial and automotive markets as customers begin ordering again after working through excess inventories. As a widely followed bellwether for broad semiconductor demand,\u00a0Texas Instrument\u2019s upbeat outlook suggests that\u00a0analog\u00a0chip demand is strengthening beyond just AI-related spending. Looking ahead, Texas Instruments appears well positioned to benefit from a more balanced semiconductor recovery, with AI infrastructure providing an incremental tailwind while improving industrial and automotive demand could support a broader multi-quarter upcycle, though the durability of that recovery will still depend on global macro conditions and end-market inventory discipline.\u00a0<strong>2Q26 recommended trading range: $250\u00a0to $290.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5fb7\u5dde\u4eea\u5668\uff08TXN<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>48.3\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f18.7%\uff0c\u8d85\u51fa\u9884\u671f3\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u901a\u7528\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.68\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.32\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8425\u6536\u4ecb\u4e8e50\u4ebf\u81f354\u4ebf\u7f8e\u5143\uff0c\u9ad8\u4e8e\u5e02\u573a\u9884\u671f\u768448.6\u4ebf\u7f8e\u5143\uff1b\u6bcf\u80a1\u6536\u76ca\u4ecb\u4e8e1.77\u81f32.05\u7f8e\u5143\uff0c\u9ad8\u4e8e\u5e02\u573a\u9884\u671f\u76841.57\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8bc4\u8bba\uff1a<\/strong>\u5fb7\u5dde\u4eea\u5668\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u4f18\u4e8e\u9884\u671f\uff0c\u5e76\u7ed9\u51fa\u5f3a\u52b2\u7684\u7b2c\u4e8c\u5b63\u5ea6\u5c55\u671b\uff0c\u8868\u660e\u591a\u4e2a\u5173\u952e\u7ec8\u7aef\u5e02\u573a\u9700\u6c42\u6b63\u5728\u6539\u5584\u3002\u7b2c\u4e00\u5b63\u5ea6\u8425\u653648.3\u4ebf\u7f8e\u5143\uff0c\u9ad8\u4e8e\u5e02\u573a\u5171\u8bc6\u768445.3\u4ebf\u7f8e\u5143\uff1b\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\u6307\u5f1550\u4ebf\u81f354\u4ebf\u7f8e\u5143\u3001\u6bcf\u80a1\u6536\u76ca\u6307\u5f151.77\u81f32.05\u7f8e\u5143\uff0c\u5747\u8d85\u51fa\u534e\u5c14\u8857\u9884\u671f\u3002\u7ba1\u7406\u5c42\u6307\u51fa\u6570\u636e\u4e2d\u5fc3\u9700\u6c42\u52a8\u80fd\u5c24\u4e3a\u5f3a\u52b2\uff0c\u8425\u6536\u540c\u6bd4\u589e\u957f\u7ea690%\uff0c\u540c\u65f6\u5de5\u4e1a\u4e0e\u6c7d\u8f66\u5e02\u573a\u4ea6\u73b0\u590d\u82cf\uff0c\u5ba2\u6237\u5728\u6d88\u5316\u8fc7\u5269\u5e93\u5b58\u540e\u5f00\u59cb\u91cd\u65b0\u4e0b\u5355\u3002\u4f5c\u4e3a\u5e7f\u6cdb\u5173\u6ce8\u7684\u534a\u5bfc\u4f53\u9700\u6c42\u98ce\u5411\u6807\uff0c\u5fb7\u5dde\u4eea\u5668\u7684\u4e50\u89c2\u5c55\u671b\u8868\u660e\u6a21\u62df\u82af\u7247\u9700\u6c42\u6b63\u5728\u4eba\u5de5\u667a\u80fd\u76f8\u5173\u652f\u51fa\u4e4b\u5916\u5168\u9762\u8d70\u5f3a\u3002\u5c55\u671b\u672a\u6765\uff0c\u5fb7\u5dde\u4eea\u5668\u6709\u671b\u53d7\u76ca\u4e8e\u66f4\u5747\u8861\u7684\u534a\u5bfc\u4f53\u590d\u82cf\u5468\u671f\uff0c\u4eba\u5de5\u667a\u80fd\u57fa\u7840\u8bbe\u65bd\u63d0\u4f9b\u989d\u5916\u52a9\u529b\uff0c\u800c\u5de5\u4e1a\u4e0e\u6c7d\u8f66\u9700\u6c42\u6539\u5584\u6216\u652f\u6491\u66f4\u5e7f\u6cdb\u7684\u591a\u5b63\u5ea6\u4e0a\u884c\u5468\u671f\uff0c\u4f46\u590d\u82cf\u7684\u6301\u7eed\u6027\u4ecd\u53d6\u51b3\u4e8e\u5168\u7403\u5b8f\u89c2\u73af\u5883\u53ca\u7ec8\u7aef\u5e02\u573a\u7684\u5e93\u5b58\u7eaa\u5f8b\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a250\u7f8e\u5143\u81f3290\u7f8e\u5143\u3002\u79ef\u6781\u5c55\u671b\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Lam Research Corp. (LRCX)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>3Q26\u00a0Revenue:\u00a0<\/strong>$5.84B,\u00a0+23.7% YoY, beat estimates by $80M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>3Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$1.47,\u00a0beat estimates by\u00a0$0.11\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Expect\u00a0revenue of $6.60B, plus or minus $400M, above the analyst estimate of $6.09B and\u00a0adjusted earnings of $1.65 per share, plus or minus 15 cents, compared with the analyst estimate of $1.45 per share.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>Lam Research delivered a strong third quarter, with revenue of US$5.84bn\u00a0and adjusted EPS of US$1.47 both beating expectations, supported by robust AI-driven demand for semiconductor manufacturing equipment. Revenue rose 24%\u00a0YoY, while profitability remained strong, with adjusted gross margin of 49.9% and adjusted operating margin of 35.0%, reflecting solid execution and\u00a0favourable\u00a0mix. The company\u2019s Systems and Customer Support businesses both performed well, and management highlighted that AI-related semiconductor demand continues to reshape industry spending patterns. Looking ahead, Lam guided fourth-quarter revenue of US$6.2bn\u00a0to US$7.0bn\u00a0and adjusted EPS of US$1.50 to US$1.80, both well above consensus, suggesting continued momentum as customers ramp advanced chip production. In my view, Lam appears well positioned to remain a major beneficiary of the AI semiconductor buildout, although the sustainability of this outperformance will depend on how long memory and foundry capital expenditure strength persists beyond the current AI-driven upcycle.\u00a0<strong>4Q26 recommended trading range: $250\u00a0to $290.\u00a0Neutral\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6cdb\u6797\u96c6\u56e2\uff08LRCX<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>58.4\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f23.7%\uff0c\u8d85\u51fa\u9884\u671f8000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.47\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.11\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8425\u653666\u4ebf\u7f8e\u5143\uff0c\u4e0a\u4e0b\u6d6e\u52a84\u4ebf\u7f8e\u5143\uff0c\u9ad8\u4e8e\u5206\u6790\u5e08\u9884\u671f\u768460.9\u4ebf\u7f8e\u5143\uff1b\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca1.65\u7f8e\u5143\uff0c\u4e0a\u4e0b\u6d6e\u52a815\u7f8e\u5206\uff0c\u9ad8\u4e8e\u5206\u6790\u5e08\u9884\u671f\u76841.45\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8bc4\u8bba\uff1a<\/strong>\u6cdb\u6797\u96c6\u56e2\u7b2c\u4e09\u5b63\u5ea6\u8868\u73b0\u5f3a\u52b2\uff0c\u8425\u653658.4\u4ebf\u7f8e\u5143\u3001\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca1.47\u7f8e\u5143\u5747\u8d85\u51fa\u9884\u671f\uff0c\u53d7\u76ca\u4e8e\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u534a\u5bfc\u4f53\u5236\u9020\u8bbe\u5907\u9700\u6c42\u65fa\u76db\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f24%\uff0c\u76c8\u5229\u80fd\u529b\u4fdd\u6301\u5f3a\u52b2\uff0c\u8c03\u6574\u540e\u6bdb\u5229\u738749.9%\u3001\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u738735.0%\uff0c\u53cd\u6620\u6267\u884c\u7a33\u5065\u53ca\u4ea7\u54c1\u7ec4\u5408\u6709\u5229\u3002\u516c\u53f8\u7cfb\u7edf\u4e1a\u52a1\u4e0e\u5ba2\u6237\u652f\u6301\u4e1a\u52a1\u5747\u8868\u73b0\u826f\u597d\uff0c\u7ba1\u7406\u5c42\u5f3a\u8c03\u4eba\u5de5\u667a\u80fd\u76f8\u5173\u7684\u534a\u5bfc\u4f53\u9700\u6c42\u6b63\u6301\u7eed\u91cd\u5851\u884c\u4e1a\u652f\u51fa\u683c\u5c40\u3002\u5c55\u671b\u672a\u6765\uff0c\u6cdb\u6797\u96c6\u56e2\u6307\u5f15\u7b2c\u56db\u5b63\u5ea6\u8425\u653662\u4ebf\u81f370\u4ebf\u7f8e\u5143\u3001\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca1.50\u81f31.80\u7f8e\u5143\uff0c\u5747\u663e\u8457\u9ad8\u4e8e\u5e02\u573a\u5171\u8bc6\uff0c\u8868\u660e\u968f\u7740\u5ba2\u6237\u52a0\u901f\u5148\u8fdb\u82af\u7247\u751f\u4ea7\uff0c\u589e\u957f\u52a8\u80fd\u6709\u671b\u5ef6\u7eed\u3002\u7b14\u8005\u8ba4\u4e3a\uff0c\u6cdb\u6797\u96c6\u56e2\u6709\u671b\u6301\u7eed\u6210\u4e3a\u4eba\u5de5\u667a\u80fd\u534a\u5bfc\u4f53\u5efa\u8bbe\u7684\u4e3b\u8981\u53d7\u76ca\u8005\uff0c\u4f46\u8fd9\u4e00\u8d85\u989d\u8868\u73b0\u7684\u53ef\u6301\u7eed\u6027\u5c06\u53d6\u51b3\u4e8e\u5b58\u50a8\u4e0e\u4ee3\u5de5\u8d44\u672c\u5f00\u652f\u7684\u5f3a\u52b2\u6001\u52bf\u80fd\u5426\u5728\u5f53\u524d\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u4e0a\u884c\u5468\u671f\u4e4b\u540e\u6301\u7eed\u3002<strong>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a250\u7f8e\u5143\u81f3290\u7f8e\u5143\u3002\u4e2d\u6027\u5c55\u671b\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Southwest Airlines Co. (LUV)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$7.25B,\u00a0+12.8% YoY, miss estimates by $30M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0GAAP\u00a0EPS<\/strong>:\u00a0$0.45,\u00a0miss\u00a0estimates by\u00a0$0.02\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Expect\u00a0adjusted EPS to be between $0.35 to $0.65 compared to estimates of $0.55.\u00a0It expects capacity to be flat to up no more than 1% and unit revenues to rise by 16.5% to as much as 18.5%\u00a0YoY.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>Southwest Airlines reported\u00a0a\u00a0first quarter profit of US$227mn, or US$0.45 per share, from a loss a year earlier, while revenue rose nearly 13%\u00a0YoY\u00a0to US$7.25bn, reflecting stronger travel demand and early benefits from its revenue initiatives such as checked bag fees and seat assignment fees. However, results came in slightly below expectations and management guided second-quarter earnings to US$0.35-US$0.65 per share, below the US$0.55 consensus midpoint, as higher fuel prices continue to pressure margins. The airline expects capacity to be flat to up no more than 1% in the quarter, while unit revenue is projected to rise 16.5%-18.5%, suggesting pricing\u00a0remains\u00a0firm even as costs rise.\u00a0Looking ahead, Southwest\u2019s revenue diversification strategy and stronger pricing environment\u00a0should support improved profitability over time, but the pace of margin recovery will depend heavily on fuel trends and whether its business model changes can continue to offset cost inflation without weakening demand.\u00a0<strong>2Q26 recommended trading range: $34\u00a0to $40.\u00a0Neutral\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u897f\u5357\u822a\u7a7a\uff08LUV<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>72.5\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f12.8%\uff0c\u4f4e\u4e8e\u9884\u671f3000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u901a\u7528\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.45\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f0.02\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4ecb\u4e8e0.35\u81f30.65\u7f8e\u5143\uff0c\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\u76840.55\u7f8e\u5143\uff1b\u9884\u8ba1\u8fd0\u529b\u6301\u5e73\u81f3\u589e\u5e45\u4e0d\u8d85\u8fc71%\uff0c\u5355\u4f4d\u8425\u6536\u540c\u6bd4\u589e\u957f16.5%\u81f318.5%\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8bc4\u8bba\uff1a<\/strong>\u897f\u5357\u822a\u7a7a\u7b2c\u4e00\u5b63\u5ea6\u5b9e\u73b0\u5229\u6da62.27\u4ebf\u7f8e\u5143\uff08\u5408\u6bcf\u80a10.45\u7f8e\u5143\uff09\uff0c\u53bb\u5e74\u540c\u671f\u4e3a\u4e8f\u635f\uff0c\u8425\u6536\u540c\u6bd4\u589e\u957f\u8fd113%\u81f372.5\u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u65c5\u884c\u9700\u6c42\u8d70\u5f3a\u53ca\u884c\u674e\u6258\u8fd0\u8d39\u3001\u9009\u5ea7\u8d39\u7b49\u8425\u6536\u4e3e\u63aa\u7684\u65e9\u671f\u6210\u6548\u3002\u7136\u800c\uff0c\u4e1a\u7ee9\u7565\u4f4e\u4e8e\u9884\u671f\uff0c\u4e14\u7ba1\u7406\u5c42\u6307\u5f15\u7b2c\u4e8c\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca0.35-0.65\u7f8e\u5143\uff0c\u4f4e\u4e8e\u5e02\u573a\u5171\u8bc6\u4e2d\u503c0.55\u7f8e\u5143\uff0c\u56e0\u71c3\u6cb9\u4ef7\u683c\u4e0a\u6da8\u6301\u7eed\u6324\u538b\u5229\u6da6\u7387\u3002\u516c\u53f8\u9884\u8ba1\u672c\u5b63\u5ea6\u8fd0\u529b\u6301\u5e73\u81f3\u589e\u5e45\u4e0d\u8d85\u8fc71%\uff0c\u5355\u4f4d\u8425\u6536\u9884\u8ba1\u589e\u957f16.5%-18.5%\uff0c\u8868\u660e\u5373\u4fbf\u6210\u672c\u4e0a\u5347\uff0c\u5b9a\u4ef7\u80fd\u529b\u4f9d\u7136\u575a\u633a\u3002\u5c55\u671b\u672a\u6765\uff0c\u897f\u5357\u822a\u7a7a\u7684\u8425\u6536\u591a\u5143\u5316\u7b56\u7565\u53ca\u66f4\u5f3a\u52b2\u7684\u5b9a\u4ef7\u73af\u5883\u5e94\u6709\u52a9\u4e8e\u957f\u671f\u76c8\u5229\u80fd\u529b\u6539\u5584\uff0c\u4f46\u5229\u6da6\u7387\u4fee\u590d\u8282\u594f\u5c06\u9ad8\u5ea6\u4f9d\u8d56\u71c3\u6cb9\u4ef7\u683c\u8d70\u52bf\uff0c\u4ee5\u53ca\u5176\u5546\u4e1a\u6a21\u5f0f\u8c03\u6574\u80fd\u5426\u5728\u4e0d\u524a\u5f31\u9700\u6c42\u7684\u524d\u63d0\u4e0b\u6301\u7eed\u62b5\u6d88\u6210\u672c\u901a\u80c0\u538b\u529b\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a34\u7f8e\u5143\u81f340\u7f8e\u5143\u3002\u4e2d\u6027\u5c55\u671b\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Las Vegas Sands Corp. (LVS)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$3.59B,\u00a0+25.3% YoY, beat estimates by\u202f$240M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$0.91,\u00a0beat estimates by\u00a0$0.15\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Management did not\u00a0provide\u00a0formal guidance.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividend distribution:<\/strong>\u00a0Declared quarterly dividend of $0.30 per common share to be paid on 13 May, for shareholders of record 5 May.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>Las Vegas Sands\u00a0delivered a strong first quarter, with\u00a0net revenue rising 25.3%\u00a0YoY\u00a0to US$3.59bn\u00a0and\u00a0adjusted earnings per share of\u00a0US$0.91, ahead of expectations, driven by robust demand\u00a0across both\u00a0Macau\u00a0and\u00a0Singapore. Revenue from Singapore grew 27.9% to US$1.49bn, while Macau revenue increased 23.7% to US$2.11bn, supported by strong tourism and gaming activity, particularly around Lunar New Year. Operating income rose to US$904mn\u00a0from US$609mn\u00a0a year earlier, net income increased to US$641mn\u00a0from US$408mn, and adjusted property EBITDA improved to US$1.42bn\u00a0from US$1.14bn, highlighting solid operating leverage across its integrated resort portfolio. The company also continued to return capital aggressively, repurchasing US$740mn\u00a0of stock during the quarter and\u00a0maintaining\u00a0its quarterly dividend, while\u00a0retaining\u00a0a sizable liquidity position with US$3.33bn\u00a0in cash.\u00a0Looking ahead,\u00a0Las Vegas Sands\u00a0appears well positioned to\u00a0sustain\u00a0earnings growth as\u00a0premium travel, tourism, and gaming demand in both Macau\u00a0and\u00a0Singapore remain healthy, although\u00a0upside\u00a0will\u00a0likely\u00a0depend on\u00a0continued recovery in Macau visitation, execution on the Marina Bay Sands expansion and disciplined management of leverage and capital spending.\u00a0<strong>2Q26 recommended trading range: $54\u00a0to $60.\u00a0Neutral\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u62c9\u65af\u7ef4\u52a0\u65af\u91d1\u6c99\u96c6\u56e2\uff08LVS<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>35.9\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f25.3%\uff0c\u8d85\u51fa\u9884\u671f2.4\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.91\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.15\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26<\/strong><strong>\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u7ba1\u7406\u5c42\u672a\u63d0\u4f9b\u6b63\u5f0f\u6307\u5f15\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\u5206\u914d\uff1a<\/strong>\u5ba3\u5e03\u6d3e\u53d1\u6bcf\u80a10.30\u7f8e\u5143\u7684\u5b63\u5ea6\u80a1\u606f\uff0c\u5c06\u4e8e5\u670813\u65e5\u652f\u4ed8\u7ed95\u67085\u65e5\u767b\u8bb0\u5728\u518c\u7684\u80a1\u4e1c\u00a0<\/li>\n<\/ul>\n\n\n\n<ul 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(TTGL\u00a0SP)\u00a0 ^ Back To Top China Resources Power Holdings Co. Ltd. (836\u00a0HK) \u00a0 CGN Power Co., Ltd. (1816\u00a0HK)\u00a0 ^ Back To Top Vertiv Holdings Co (VRT)\u00a0 Vertiv Holdings\u00a0Co\uff08VRT)\u00a0 GE\u00a0Vernova\u00a0Inc. (GEV)\u00a0 GE\u00a0Vernova\u00a0Inc.\uff08GEV)\u00a0 The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-89532","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"United States | Singapore | Hong Kong | Earnings GameStop Corporation\u00a0(GME\u00a0US) Carvana Co.\u00a0(CVNA\u00a0US)\u00a0 ^ Back To Top Ley\u00a0Choon Group Holdings Ltd.\u00a0(LEY\u00a0SP)\u00a0 Trendlines Group\u00a0Ltd. (TTGL\u00a0SP)\u00a0 ^ Back To Top China Resources Power Holdings Co. Ltd. (836\u00a0HK) \u00a0 CGN Power Co., Ltd. (1816\u00a0HK)\u00a0 ^ Back To Top Vertiv Holdings Co (VRT)\u00a0 Vertiv Holdings\u00a0Co\uff08VRT)\u00a0 GE\u00a0Vernova\u00a0Inc. (GEV)\u00a0 GE\u00a0Vernova\u00a0Inc.\uff08GEV)\u00a0 The&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/89532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=89532"}],"version-history":[{"count":0,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/89532\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=89532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=89532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=89532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}