The AI race might be over before you know it. The latest filings reveal skyrocketing off-balance sheet debt as several companies struggle to keep up AI spending and avoid falling out of the race against their more profitable peers.
As for the latest earnings, some companies benefit from powerful brands. Some from network effects. Some from capital intensity and scale. But, every stock still faces the same test:
Are the company’s earnings real or marketing spin?
Our latest Earnings Watch Party examined the earnings reports through that lens.
We covered:
- Whether Coca-Cola and McDonald’s can sustain pricing power.
- How Shopify’s growth contrasts with expectations.
- How much AI-driven demand is embedded in Applied Materials and Arista Networks.
- Whether Spotify’s margins are enough to justify its valuation.
- What Robinhood’s earnings say about trading activity.
- How S&P Global’s old moat translates in the AI world.
- Whether BP’s capital returns are cyclical or structural.
- If Cisco’s transition toward recurring revenue is moving the needle.
We looked beyond the headlines and showed how we pick stocks with our reverse discounted cash flow model.
Stocks discussed in this Earnings Watch party include Coca-Cola (KO), Anheuser-Busch (BUD), S&P Global (SPGI), BP (BP), Spotify (SPOT), Robinhood (HOOD), Shopify (SHOP), Cisco (CSCO), McDonald’s (MCD), Applied Materials (AMAT), Arista Networks (ANET), and more.
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This article was originally published on February 13, 2026.
Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, style, or theme.
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