LT Weekly: Apr 24, 2026
While geopolitical headlines were hard to ignore (and remained obviously very active this week once again), the earnings ramp refocused investors on fundamentals and the S&P 500 and Nasdaq notched their 4th straight weekly gain and closed at new all-time highs.
It was a big week in the Connectivity sector in particular with mixed reactions to results, especially as the sub-sector previously benefited from a rotation away from potential AI disrupted companies.
The full list of what we focused on in this edition is below:
- Earning Scorecard - Week 1 & 2
- Investors Patiently Await AT&T’s Growth Acceleration
- Comcast Sees Early Fruit From Its Connectivity Pivot, While Media Outperforms
- Charter’s Q1 Is A Reminder That Improvement Is Not Always A Straight Line…
- This Week’s “AI Need To Knows” …One Of Which Is iQiyi Expecting AI To Create The BULK Of Its Films & Shows In 5 Years!
- AI Coding Is Democratizing App Creation…But Will Quality Control Become A Bigger Issue?
- Humanoid Robots Win The Gold, Silver & Bronze Metals!
- Grab Bag: DT/TMUS Combo? / Tesla Paid Robotaxi Miles Nearly 2x / MSFT’s Game Pass Gets Cheaper
Enjoy the read and brace for next week’s significant earnings ramp, with 180 S&P constituents set to report, including 5 of the Mag 7 names (AMZN, GOOGL, META, MSFT and AAPL), along w/ other key prints including VZ, SPOT, BKNG, TMUS, UMG, RDDT, and ROKU.
Best,
Leslie
Earning Scorecard - Week 1 & 2
Weeks 1 and 2 of earnings have wrapped and in total, 13 stocks in our LionTree Universe reported. Stock reactions were slightly positive, with 7 stocks (54%) trading up and 6 stocks (46%) trading down. The best performer in reaction to earnings was Intel, which was up +23.2%, while the worst performer was Charter, which fell -25.4% (see Theme #4)
Comcast also reported this week and rose +7.7% in reaction to its earnings (see Theme #3), though it gave back those gains by the end of the week. Also in connectivity, AT&T was up +0.4% in reaction to its print (see Theme #2).
The table below includes select mid- and large-cap TMT and consumer companies in our LionTree stock universe that reported this week.