Our latest Earnings Watch Party focused on a simple question investors often overlook: What level of performance is already priced in? Some stocks require years of flawless execution to support today’s prices. Others may be misunderstood because headline metrics miss the low expectations already baked in.
We use Core Earnings to identify the difference. In the most recent watch party, we examined earnings from companies operating in very different competitive and economic environments and what those results imply for future return potential, including:
- How AI performance breaks down as task complexity rises.
- How Alphabet, Amazon, and Qualcomm balance scale, reinvestment, and profitability.
- Whether Palantir and Uber are transitioning from growth stories to cash-flow businesses.
- If PepsiCo’s earnings power can keep pace with the cash flow expectations built into its stock.
- What Merck, Pfizer, and Eli Lilly reveal about healthcare and pharmaceuticals.
- How Shell manages capital through industry cycles.
This isn’t about reacting to the market. It’s about understanding the fundamentals and valuation of the biggest names in the market.
Stocks discussed in this Earnings Watch party include Palantir (PLTR), Merck (MRK), PepsiCo (PEP), Pfizer (PFE), Alphabet (GOOGL), Eli Lilly (LLY), Uber (UBER, Qualcomm (QCOM), Amazon (AMZN), Shell (SHEL), and more.
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This article was originally published on February 9, 2026.
Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, style, or theme.
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