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.”