The most important earnings season in years is upon us. Never in the history of the world have we seen such large corporate spending. And, now, it’s time to see who’s earning an adequate ROIC on the trillions in AI capex.
When expectations are sky-high, even impressive “earnings” results might not be enough.
As we’ve written extensively, companies have gone to great lengths to hide liabilities and expenses from their earnings. Their efforts are wasted on us and our clients, but it’s clear the rest of the market has not caught on.
We’re helping our community avoid being Wall Street’s exit liquidity and bag holder by asking these questions:
Are the real fundamentals improving or is the narrative hiding weakness? Are expectations getting ahead of reality? Which stocks offer the best Risk/Reward?
Stocks discussed in this Earnings Watch Party include Meta (META), Tesla (TSLA), SpaceX (SPCX), Procter & Gamble (PG), General Motors (GM), General Electric (GE), Philip Morris (PM), Netflix (NFLX), Valero (VLO), RTX Corporation (RTX), and International Business Machines (IBM), and more.
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This article was originally published on October 23, 2026.
Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, style, or theme.
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