KingMaker$Enterprises

MARKET RECAP 📉 What a crazy day, the S&P 500 lost around $500 billion in market cap, falling 0.30% during the day and 0.50% after-hours 😳 What the heck is going on?!? Let’s talk about it 🗣️

MASTERCARD $MA Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $9.8B (Est. $9.65B) 🟢; +14% YoY 🔹 Adj. EPS: $5.31 (Est. $5.16) 🟢; +21% YoY 🔹 Adjusted Net Income: $4.7B; +17% YoY 🔹 Adjusted Operating Margin: 60.5%; +70 bps YoY Segment Net Revenue: 🔹 Payment Network: +11% YoY 🔹 Value-Added Services & Solutions: +19% YoY Other Q3 Metrics: 🔹 Gross Dollar Volume: $3.0T; +7% local currency 🔹 Purchase Volume: +9% local currency 🔹 Cross-Border Volume: +11% local currency 🔹 Switched Transactions: +9% YoY 🔹 Cards Issued: 3.8B Capital Return: 🔹 Buybacks: 5.3M shares for $3.0B 🔹 Dividends: $763M Comments: 🔸 “Another strong quarter for Mastercard, delivering net revenue growth of 14%. More Mastercard credentials in more hands give us a powerful foundation, backed by our global reach and innovation. From advancing Agentic Commerce to our new Global Money Platform through BVNK, we’re shaping how people pay, manage and exchange across currencies. We’re not waiting for the future of commerce. We’re building it.”

Sectors/indexes yesterday and MTD/YTD

A new analysis reveals Americans need between $40,627 and $64,504 a year to retire comfortably, depending on the state. The breakdown, using the MIT Living Wage Calculator data, found that Hawaii is the most expensive state to retire in, while West Virginia is the cheapest. Download the Fox News app or go to Foxbusiness.com for more. Full story here foxbusiness.com/economy/how-…

The market will always offer another headline, another yield, and another reason to act. Your advantage is having a process you can return to: Research the fund. Understand the strategy. Question the assumptions. Plan for uncertainty. Don’t chase every wave, crew. Learn to navigate. ⚓️

MICROSOFT $MSFT Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $92.3B (Est. $90.69B) 🟢; +19% YoY 🔹 Adj. EPS: $4.89 (Est. $4.73) 🟢; +18% YoY 🔹 Oper Income: $45.9B (Est. $44.06B) 🟢; +21% YoY 🔹 Adj. Net Income: $36.4B (Est. $35.13B) 🟢 🔹 Azure: $33.2B (Est. $32.32B) 🟢; +48% YoY 🔹 Azure Growth ex-FX: +48% (Est. +45.2%) 🟢 🔹 Azure Growth: +48% YoY (Est. +44.7%) 🟢 🔹 Microsoft Cloud: $63.9B; +30% YoY 🔹 Commercial RPO: $677B (Est. $705.6B) 🔴 Agents and Infra: 🔹 Agents & Infra Revenue: $76.8B (Est. $75.6B) 🟢 🔹 Agents and Infra Operating Income: $40.6B 🔹 Industry Solutions: $5.3B (Est. $5.4B) 🔴 Devices and Consumer: 🔹 Devices & Consumer Revenue: $15.5B (Est. $15.0B) 🟢 🔹 Devices and Consumer Operating Income: $5.4B 🔹 Search & Advertising: $6.6B (Est. $6.4B) 🟢 🔹 XBOX: $5.4B (Est. $5.0B) 🟢; -2% YoY 🔹 Windows OEM & Devices: $3.6B (Est. $3.5B) 🟢 Financials: 🔹 CapEx: $39.4B (Est. $46.59B) 🟢 🔹 CapEx to Revenue: ~42.7% Key Updates: 🔹 OpenAI Impact: $207M net gain; $0.03 EPS impact Capital Return: 🔹 Returned $10.2B to shareholders via dividends & share repurchases CEO Commentary – Satya Nadella: 🔸 “By helping organizations build and own their own intelligence, and earning trust through agent safety and security, we are translating our innovation into growing adoption and real-world impact across every industry.” CFO Commentary – Amy Hood: 🔸 “Results exceeded expectations across revenue, operating income, and earnings per share.”

⚠️BREAKING: *US STOCKS END HIGHER, VIX FALLS AS FED HOLDS RATES STEADY DESPITE CONCERNS OVER INFLATION $SPY $QQQ $VIX

$AAPL is bringing "touch" to Mac. 💻 Apple unveiled its first-ever touchscreen MacBook Pro with prices running from $2,899 to $4,799. Are you buying one?

Everyone was focused on AI and growth stocks entering 2026. And yet, value stocks are crushing growth stocks by over 22 percentage points. Another reminder of why diversification matters.

PHILLIPS 66 $PSX Q3’26 EARNINGS HIGHLIGHTS 🔹 Adj. EPS: $14.08 (Est. $11.73) 🟢; +459% YoY 🔹 Earnings: $5.6B (reported) 🔹 Adj. Earnings: $5.6B Segment Pre-Tax Income (adj.): 🔹 Midstream: $702M 🔹 Chemicals: $311M 🔹 Refining: $6.1B 🔹 Marketing & Specialties: $245M 🔹 Renewable Fuels: $191M Other Q3 Metrics: 🔹 Realized Refining Margin: $38.00/bbl 🔹 Crude Utilization: 98% 🔹 Operating Cash Flow: $7.3B 🔹 Shareholder Returns: $2.8B Announcements: 🔹 Refining: 98% utilization; record 848 MBD Central Corridor inputs 🔹 Yields: record 41% distillate; 86% clean product 🔹 Midstream: 1 MMBD fractionation; 4.6 Bcf/D wellhead volumes; 105% Freeport utilization Key Updates: 🔹 Debt: $18.5B total; $12.7B net 🔹 Coastal Bend: 350 MBD full ramp-up expected in early 2027 🔹 WRB Refining: greater than $50M of near-term synergies Comments: 🔸 “We target returning more than 50% of net operating cash flow to shareholders and delivering attractive, sustainable dividend growth across commodity cycles.”

Index drawdowns and % outperforming

UNITED PARCEL SERVICE $UPS Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $22.9B (Est. $22.29B) 🟢; +6.7% YoY 🔹 Adj. EPS: $1.69 (Est. $1.63) 🟢; -3% YoY 🔹 Adj. Operating Margin: 9.0% FY26 Guide: 🔹 Revenue: ~$92.6B (Est. $91.72B) 🟢 🔹 Adj. EPS: ~$7.28 (Est. $7.19) 🟢 🔹 Adj. Operating Profit: ~$8.75B 🔹 Adj. Free Cash Flow: ~$6.1B Q4 Guide: 🔹 Revenue: ~$25.7B (Est. $25.51B) 🟢 🔹 Adj. Operating Profit: ~$3.3B Segment Net Revenue: 🔹 U.S. Domestic: $14,865M; +4.5% YoY 🔹 International: $5,007M; +7.1% YoY 🔹 Supply Chain Solutions: $2,981M; +18.2% YoY Key Updates: 🔹 GAAP results include a $279M net charge, or $0.32 per diluted share, including a $182M goodwill impairment charge. Comments: 🔸 “Given the strength we see in the business, we are raising our full-year financial guidance.” 🔸 “continued strengthening of our business fundamentals, driven by premium growth and greater network efficiency.”