Halloween is tomorrow, but investors don’t have to wait to be scared.
Just look at the future cash flows required to justify the market’s biggest stocks.
Google, Microsoft, and Amazon are pouring billions into AI while hiding trillions in obligations off-balance sheet. Wall Street is betting this spend will generate even larger profits.
But what happens if those profits don’t measure up to the $6+ trillion investments made already?
Even scarier, most investors don’t know about the large costs hidden in the shadowy corners.
Meanwhile, Eli Lilly, Visa, Mastercard, Intel, Coca-Cola, Merck, and Caterpillar offer a look at what’s happening beyond the AI frenzy, from consumer spending and healthcare to manufacturing and the broader economy.
The question isn’t whether these companies beat earnings estimates.
It’s whether their real profits can justify their stock prices.
We give you the truth behind the numbers, even if it’s scary.
Stocks discussed in our latest Earnings Watch Party include Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN), Eli Lilly (LLY), Visa (V), Mastercard (MA), Intel (INTC), Coca-Cola (KO), Merck (MRK), Caterpillar (CAT), and more.
Download the slides from this Earnings Watch party here.
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This article was originally published on October 30, 2026.
Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, style, or theme.
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