LT Weekly: Jan 30, 2026
Before we dive into this earnings-heavy edition, I wanted to give a quick reminder to please participate in our 8th Annual TMT Sector Themes Survey if you haven’t yet had the chance to do so. It consists of 25 simple questions about the market, sector developments, and company outlooks. It will take less than 10 minutes and we only send results to those who participate – CLICK HERE. Thanks!
Turning to the week, after a lot of ups and downs, the major indices closed mostly flat (S&P 500 up +0.3%, Nasdaq down -0.2%). A notable stat out this week was US consumer confidence, which fell to its lowest level in 12 years on more pessimistic views from Americans worried about the nation’s economy, inflation and a weakening labor market. Trump also officially named former Fed governor Kevin Warsh to succeed Jay Powell as Fed chair.
On the earnings front, it was a heavy skew toward Big Tech and the Connectivity sector. See below for what we focused on this week.
- Earning Scorecard – Week 1 & 2
- The Meta Narrative Does A 180…The Co Is Yielding Strong ROI From AI Investments In The Core
- Volume Growth Will Be A Key Driver To AT&T’s New, Better-Than-Expected Long-Term Plan
- Comcast’s NBCU Delivers & There’s A Clearer Line Of Site Out Of Its Connectivity Investment Period
- Has Charter Finally Reached The Broadband Inflection??
- Verizon Is Full Steam Ahead On Its Turnaround Journey
- Microsoft’s Results Bring “The AI Investment Vs Returns” Question Back To The Forefront
- iPhone Demand Drives A Strong FQ1 For Apple, Though Supply Hurdles Persist
- Successful AI Organizational Adoption Likely Follows The Hockey-Stick Growth Pattern
- Grab Bag: Nvidia Invests More Into CoreWeave / Amazon Is Further Expanding Groceries / Pinterest, Along With Others Announce Job Cuts
Enjoy the weekend and rest up before the next wave of earnings reports next week, with Disney kicking things off Monday morning.
Best,
Leslie
Earning Scorecard – Week 1 & 2
Week one and two of earnings have come to a close. In total, 16 stocks in our LionTree universe reported. Stock reactions were even this week with (8) stocks trading down and (8) trading up. The best performer in reaction to earnings was Verizon, which was up +11.7% (see Theme #6), while the worst performer was Intel, which fell -17.0%.
There was mixed performance elsewhere in Big Tech with Meta shares rallying +10.4% in reaction to earnings (see Theme #2), Microsoft closing down -10% (see Theme #7), and Apple shares up just +0.5% (see Theme #8).
It was a favorable week in the Connectivity sector given that in addition to Verizon mentioned above, Charter shares rose +8.4% in reaction to earnings (see Theme #5), followed by AT&T, and Comcast trading up +4.7% and +2.9%, respectively (see Theme #3 and Theme #4).
The table below includes select mid- and large-cap TMT and consumer companies in our LionTree stock universe that reported this week.