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Bears Run Scared After Wednesday Earnings Blowout
2026-05-01 · via All Articles on Seeking Alpha

Summary

  • Amazon, Alphabet, Meta Platforms, and Microsoft delivered strong earnings beats, reinforcing their dominance in the S&P 500.
  • AMZN and GOOGL posted especially robust EPS surprises, driven by operating leverage and shifting CAPEX strategies.
  • Upcoming catalysts include Google's government AI contracts, Amazon's Anthropic stake, Meta's WhatsApp monetization, and Microsoft's Co-Pilot integration.
  • Despite macro concerns, the Magnificent 7 exhibit growth trajectories decoupled from the broader U.S. economy, supporting continued index outperformance.
Mother Black bear and two year cub crossing road.

AscentXmedia/E+ via Getty Images

What a Wednesday

April 29th was one of the better earnings days in recent memory for the market (SPY, QQQ, DIA, VOO). I've had the conversation in articles with readers, clients, and friends

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of VOO, SPY, DIA, QQQ, GOOGL, META, AMZN, MSFT, AAPL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: The information in this article is intended for general informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. The views expressed are solely those of the author, based on independent research, analysis, and professional experience. Although the author is a CERTIFIED FINANCIAL PLANNER™ (CFP®) and owner of Ashcroft Green Advisors, a fee-only registered investment advisory firm, the content may not be suitable for your individual financial situation, objectives, or risk tolerance. Readers should consult with a qualified financial professional before making any decisions based on this material. The author and/or clients of Ashcroft Green Advisors may hold positions in securities discussed in this article.

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