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“I shall seize Fate by the throat; it shall certainly not bend and crush me completely.” – Beethoven

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

Today is the last super-busy day for earnings this season, so we’ll be providing a nice summary of all the results in tomorrow’s Bespoke Report newsletter.

In Monday’s Chart of the Day, we pointed out that Datadog (DDOG) was reporting earnings Thursday morning with a 100% historical EPS and sales beat rate.  As a member of the Software group, DDOG took it on the chin from November through March, but it has recovered nicely in the last two months and broken out of its downtrend in the process.

DDOG has historically been a triple play beast, and it delivered once again this morning with another beat on EPS and sales and raised guidance.  Shares are up 22% pre-market.  The pop highlights that not all “software” stocks are the same, and when names get “thrown out with the bathwater” – the AI Doom trade in this case – opportunities arise.

McDonald’s (MCD) is another name that reported this morning, and the company reported a nice EPS beat on roughly inline revenues.  Same-store sales growth was up just under 4% in both domestic and international markets.

As shown below, MCD has had a rough run since the Iran War began as investors worried about both consumer demand and higher input costs.  This morning’s earnings assuages some of those fears, and shares are up 3% pre-market.

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