WS #6291

The dominant signal in this window is a massive wave of Q1 2026 earnings reports, with several high-profile beats and raises that could drive sector-specific moves. Reddit (RDDT) crushed estimates with EPS of $1.01 vs $0.58 and revenue of $663M vs $611M, guiding Q2 above consensus; the stock jumped 6% after hours. Twilio (TWLO) beat on both lines and raised full-year guidance significantly, with Q2 outlook well above estimates. Monolithic Power Systems (MPWR) reported record revenue and guided Q2 well above consensus, signaling strong demand in enterprise data and communications. SanDisk (SNDK) posted a massive beat with EPS of $23.41 vs $14.43 and guided Q4 far above estimates, indicating a booming memory cycle. Rivian (RIVN) beat estimates and reaffirmed positive gross profit target, but The Verge reported downsized Georgia factory plans and a reduced DOE loan, creating a mixed picture. On the geopolitical front, Iran tensions remain elevated: air defense sounds were reported in Tehran, Israel deployed a laser defense system to the UAE, and Iran's supreme leader rejected Trump's naval blockade threat. However, Polymarket shows active trading on the 'ceasefire extended' question, suggesting some expectation of de-escalation. The US Senate again blocked a war powers resolution on Iran. Trump lifted tariffs on Scotch whisky after King Charles's visit, a positive for Diageo and the UK spirits industry. The dominant theme is earnings-driven with a stable-to-escalating geopolitical backdrop.