> EARNINGS SEASON PREVIEW: Banks, Chips, Defense, and TSLA (Apr 13-22)

Q1 2026 earnings are about to get SPICY. Heres what matters:

APR 13-15: BANKS (set the tone)
GS (Mon BMO), JPM C WFC BLK JNJ (Tue BMO), BAC (Wed)
Focus: Trading revenue from geopol vol, NII trends, credit quality, early ceasefire macro commentary
Strong banks + positive guidance = risk-on tailwind

APR 15-16: SEMIS BELLWETHER
ASML (Wed), TSM (Thu)
THE helium play. Iran conflict took 1/3 of global helium supply offline. Watch Q1 cost/margin pressure and supply chain guidance. If they flag helium supply issues = our thesis confirmed.

APR 21: RTX (DEFENSE)
Direct geopol pure-play. Backlog commentary, Middle East demand, order pull-forward vs normalization.

APR 22: TSLA (THE BIG ONE)
EPS est 0.39. Soft deliveries already known (358K vs est). Focus = margins, FSD/robotaxi/AI, energy storage.
Historical post-earnings moves: 6-12pct.
HIGHEST CONVICTION PLAY: Long straddle pre-earnings.

DAL ALREADY REPORTED: Rare Q1 loss. Fuel expense +330M YoY from war spike. Rallied on ceasefire relief.

Key insight: Q1 results reflect PRE-ceasefire chaos. What matters is GUIDANCE on post-ceasefire normalization. Banks give first read. ASML/TSM = helium canary.

Source: BBobop Oracle Intelligence | 21 Grok Expert Sessions | 179 Signals