Core Viewpoint - Best Buy Co Inc reported disappointing first-quarter 2026 earnings, with sales and adjusted earnings falling short of analyst expectations [1][2]. Financial Performance - First-quarter sales decreased by approximately 1% year-over-year to $8.77 billion, missing the analyst consensus estimate of $9.22 billion [1]. - Adjusted earnings were reported at $1.15, below the consensus of $1.31 [2]. - The gross profit margin remained stable at 23%, while the operating margin declined from 3.5% to 2.5% [2]. Guidance and Outlook - The company updated its full-year guidance, expecting annual comparable sales growth to range from a decline of 1% to an increase of 1%, with an adjusted operating income rate similar to last year at approximately 4.2% [2][4]. - For Q2 FY26, comparable sales are expected to be slightly down compared to last year, with an adjusted operating income rate projected at approximately 3.6% [3]. - Fiscal 2026 adjusted earnings guidance was lowered from a range of $6.20-$6.60 per share to $6.15-$6.30 per share, compared to the consensus of $6.13 per share [3]. - Sales guidance was also reduced from $41.4 billion to $42.2 billion down to a new range of $41.1 billion to $41.9 billion, with the consensus around $41.44 billion [3]. Revenue Breakdown - Domestic revenue of $8.13 billion decreased by 0.9%, primarily due to a 0.7% decline in comparable sales [4]. - The decline in comparable sales was driven by decreases in home theater, appliances, and drones, partially offset by growth in computing, mobile phone, and tablet categories [4]. - Domestic online revenue increased by 2.1% on a comparable basis to $2.58 billion, representing 31.7% of total domestic revenue compared to 30.8% last year [4].

Core Viewpoint - Nvidia's stock has historically presented buying opportunities after significant declines, and the current situation appears to be similar, with a potential rebound expected before the earnings announcement on May 28 [1]. Group 1: Earnings Performance - Nvidia has a strong track record of exceeding earnings expectations, having beaten consensus estimates by at least 5% in each of the last four quarters [3]. - The upcoming earnings report on May 28 is anticipated to act as a catalyst for the stock, as quarterly updates often influence share prices positively [2]. Group 2: Customer Insights - Major customers like Amazon, Microsoft, and Google have expressed positive sentiments regarding Nvidia's products, indicating strong demand for its AI chips and GPUs [6][7][9][10]. - Amazon's CEO noted aggressive installations of Nvidia AI chips, while Microsoft highlighted demand outpacing capacity for AI services, suggesting a favorable outlook for Nvidia [7][9]. Group 3: Product Demand - Nvidia's new Blackwell GPUs are experiencing "extraordinary" demand, with $11 billion in revenue reported, marking the fastest product ramp in the company's history [11]. - The company plans to launch the Blackwell Ultra GPU in the second half of the year, with expectations for a positive outlook regarding next-generation chips in the upcoming earnings report [12].

Group 1 - Endava plc is set to release its third-quarter earnings results on May 14, with analysts expecting earnings of 31 cents per share, up from 22 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $197.84 million, an increase from $174.37 million a year earlier [1] - Endava reported better-than-expected second-quarter financial results on February 20 [1] Group 2 - Endava shares fell 0.4% to close at $21.41 on Tuesday [2] - Analysts have provided various ratings for Endava, with Needham maintaining a Buy rating but lowering the price target from $43 to $38 [7] - Morgan Stanley maintained an Equal-Weight rating and raised the price target from $33 to $35 [7] - B of A Securities initiated coverage with a Neutral rating and a price target of $29 [7] - TD Cowen maintained a Buy rating and raised the price target from $35 to $36 [7] - Citigroup maintained a Neutral rating and cut the price target from $30 to $27 [7]

Earnings Report - Ford Motor Company is set to release its earnings results for Q1 after the market closes on May 5, with analysts expecting earnings of 2 cents per share, a significant decrease from 49 cents per share in the same period last year [1] - The projected quarterly revenue is $35.79 billion, down from $39.89 billion a year earlier [1] Development Termination - Ford has reportedly halted the development of an advanced electrical architecture that is essential for modern electric vehicles, similar to those produced by Tesla [2] Stock Performance - Ford shares experienced a 1% increase, closing at $10.28 on Friday [2] Analyst Ratings - Citigroup analyst Michael Ward initiated coverage with a Neutral rating and a price target of $10 [7] - Goldman Sachs analyst Mark Delaney downgraded the stock from Buy to Neutral, reducing the price target from $11 to $9 [7] - Piper Sandler analyst Alexander Potter maintained a Neutral rating and lowered the price target from $13 to $9 [7] - Jefferies analyst Philippe Houchois downgraded the stock from Hold to Underperform, cutting the price target from $12 to $9 [7] - Wolfe Research analyst Emmanuel Rosner downgraded the stock from Peer Perform to Underperform [7]

Group 1 - Charter Communications is set to release its Q1 earnings results on April 25, with expected earnings of $8.37 per share, an increase from $7.55 per share in the same period last year [1] - The company projects quarterly revenue of $13.67 billion, slightly down from $13.68 billion a year earlier [1] - Charter and Comcast have launched satellite connectivity for mobile devices on March 20 [2] Group 2 - Charter Communications shares experienced a decline of 0.7%, closing at $335.33 [2] - Recent analyst ratings include Wells Fargo maintaining an Equal-Weight rating with a price target cut from $400 to $380 [6] - Citigroup reinstated a Buy rating with a price target of $425, while Barclays maintained an Underweight rating and raised the price target from $315 to $320 [6]