Yahoo Finance context#
- Stocks fell as Hormuz tensions increased, with the Dow leading the decline while oil-linked geopolitical risk undercut last week’s earnings optimism.
- Tech earnings remained focused on AI capex and chip demand, directly relevant to Microsoft, Amazon, Meta, and Cloudflare.
- Reddit’s ad-revenue jump kept its post-earnings rally in view, while Meta’s higher 2026 AI spending forecast remains the key overhang.
Market tape#
S&P 500 -0.41%, Nasdaq -0.19%, Dow -1.13%. The watchlist beat the tape: Cloudflare led into earnings, Amazon hit a fresh high area after opening its logistics network to outside businesses, Meta stabilized after last week’s capex-driven selloff, and Microsoft/RDDT were roughly flat.
Holdings#
MSFT — Microsoft: $413.62, -0.20%#
- Notable move/news: Quiet digestion after last week’s Q3 report; no fresh company-specific shock, and AI/cloud demand stayed the core driver.
- Next catalyst: Estimated next earnings date is July 29, 2026; ex-dividend date is May 21, 2026.
- Stance: Buy — confidence: Medium-High. Azure/AI demand remains durable, and the stock is acting reasonably despite a weaker tape.
RDDT — Reddit: $166.76, +0.17%#
- Notable move/news: Held most of Friday’s earnings gap after Q1 ad revenue rose 74% year over year; that is constructive price action after a big repricing.
- Next catalyst: Q2 2026 execution/guidance follow-through; next earnings are expected around July 31, 2026.
- Stance: Hold — confidence: Medium. The quarter was strong, but after a 13% post-earnings jump, patience beats chasing.
NET — Cloudflare: $224.17, +3.07%#
- Notable move/news: Best watchlist performer; the stock rose into a confirmed earnings report after the close on May 7, 2026, plus Investor Day on June 9, 2026.
- Next catalyst: May 7, 2026 Q1 earnings.
- Stance: Hold — confidence: Medium. Momentum is real, but the pre-earnings setup is already rich; wait for guidance before adding.
AMZN — Amazon: $272.05, +1.41%#
- Notable move/news: Strong relative day as Amazon launched Amazon Supply Chain Services, opening its logistics network to outside businesses including P&G, 3M, Lands’ End, and American Eagle.
- Next catalyst: Estimated next earnings date is July 30, 2026.
- Stance: Buy — confidence: Medium. AWS, ads, logistics monetization, and retail scale still support the thesis, even with AI/logistics capex to watch.
META — Meta Platforms: $610.41, +0.27%#
- Notable move/news: A small stabilization day after last week’s AI capex shock; the debate is now whether the ad engine can keep funding $125B-$145B of 2026 capital spending.
- Next catalyst: Estimated next earnings date is July 29, 2026.
- Stance: Hold — confidence: Medium. Core ads are still strong, but the spending reset needs more evidence before this becomes a clean buy-the-dip.
Bottom line#
No urgent action. Keep Microsoft and Amazon as the cleanest long-term buys, let Reddit cool after its earnings surge, avoid adding to Cloudflare before May 7 earnings, and wait for Meta to prove that AI spending will translate into returns rather than margin pressure.