Forex May 4: Palantir, AMD, Disney, Shopify, Uber, NVO, McDonald’s Earnings Preview

Major corporations in the technology, consumer, energy, and healthcare industries, including Palantir, AMD, Disney, Uber, McDonald's, Shopify, an HSBC, Shell, ARM, and Novo Nordisk, are at the top of a busy week's results calendar.

Written by: Skerdian Meta • Monday, May 4, 2026 • 4 min read

• Last updated: Monday, May 4, 2026

Big Tech and Consumer Giants Lead the Earnings Lineup This Week

Quick overview

This week features earnings reports from major companies like Palantir, AMD, Disney, and Uber, which could impact market sentiment.
Investors are particularly focused on technology firms such as AMD and Palantir, assessing demand trends and valuations.
Consumer spending insights will be provided by reports from Disney, McDonald's, and Shopify, while HSBC and Shell will signal economic conditions.
Gold and cryptocurrencies have experienced volatility, with Bitcoin fluctuating around $80K and Ethereum returning to $2,000.

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Major corporations in the technology, consumer, energy, and healthcare industries, including Palantir, AMD, Disney, Uber, McDonald’s, Shopify, an HSBC, Shell, ARM, and Novo Nordisk, are at the top of a busy week’s results calendar.

This week’s earnings calendar could significantly influence broader market sentiment, particularly within technology and growth sectors. Names such as AMD, Palantir, and Arm are likely to attract the most attention as investors continue assessing demand trends and valuation levels.

At the same time, reports from Disney, Uber, McDonald’s, and Shopify will provide insight into consumer strength and spending patterns, while HSBC, Shell, and Novo Nordisk may offer important signals on global economic conditions, energy markets, and healthcare demand.

Earnings Calendar Highlights Thursday

Technology Stocks in Focus

Palantir Technologies Inc. – Q1 2026 Earnings (AMC)

Expected EPS: 0.28
Market Cap: $345.36B
Investors will closely watch government contract growth, commercial expansion, and spending trends tied to automation infrastructure.
Palantir’s valuation remains elevated after its strong rally, leaving little room for disappointment.

Advanced Micro Devices, Inc. – Q1 2026 Earnings (AMC)

Expected EPS: 1.29
Market Cap: $587.8B
AI chip demand, data center growth, and guidance for the rest of 2026 will be the key focus areas.
Markets are also watching competition with Nvidia and Intel in high-performance computing.

Arm Holdings plc – Q4 2026 Earnings (AMC)

Expected EPS: 0.58
Market Cap: $224.16B
Investors will look for updates on licensing growth and exposure to AI-related chip demand.

AppLovin Corporation – Q1 2026 Earnings (AMC)

Expected EPS: 3.45
Market Cap: $154.68B
Advertising trends, mobile gaming demand, and margin performance remain key themes.

Consumer and Retail Earnings

Shopify Inc. – Q1 2026 Earnings (BMO)

Expected EPS: 0.33
Market Cap: $165.76B
Investors will monitor merchant growth, e-commerce demand, and profitability trends.

The Walt Disney Company – Q2 2026 Earnings (BMO)

Expected EPS: 1.50
Market Cap: $182.61B
Streaming profitability, theme park performance, and advertising revenue will be closely watched.

McDonald’s Corporation – Q1 2026 Earnings (BMO)

Expected EPS: 2.74
Market Cap: $203.75B
Focus will remain on consumer spending trends, pricing power, and international sales growth.

Uber Technologies, Inc. – Q1 2026 Earnings (BMO)

Expected EPS: 0.71
Market Cap: $153.01B
Ride-sharing demand, delivery growth, and profitability metrics are expected to drive market reaction.

Financials, Energy and Healthcare

HSBC Holdings plc – Q1 2026 Earnings (BMO)

Expected EPS: 2.16
Market Cap: $315.36B
Interest margins, Asian market exposure, and loan growth remain key investor themes.

Shell plc – Q1 2026 Earnings (BMO)

Expected EPS: 2.21
Market Cap: $248.11B
Oil price volatility and capital return plans will be in focus amid Middle East tensions.

Novo Nordisk A/S – Q1 2026 Earnings (BMO)

Expected EPS: 6.96
Market Cap: $194.57B
Demand for obesity and diabetes treatments continues to be the major growth driver.

Toyota Motor Corporation – Q4 2026 Earnings (BMO)

Expected EPS: 2.69
Market Cap: $223.45B
EV strategy, global production trends, and supply chain conditions will remain key topics.

Last week, markets were quite volatile again, with gold soaring to $4,890 but retreating lower this week. EUR/USD slipped below above 1.17 while main indices closed the week higher at new records. The moves weren’t too big though, and we opened 34 trading signals in total, finishing the week with 23 winning signals and 9 losing ones.

Gold Rebounds Off the 200 SMA

Although demand for safe haven assets is still high, gold fell precipitously from record highs following the Fed’s most recent rate cut comments, as profit-taking was prompted by Powell’s cautious tone. In December, gold jumped above $4,380 following the Federal Reserve’s announcement of a 25 basis point rate decrease. But the impetus soon waned, and prices dropped back to $4,004. The 20o daily SMA (red) held as support this week and buyers returned and pushed XAU above the $4,800 and above the 100 SMA (green). Chart XAUUSD, D1, 2026.04.29 22:57 UTC, MetaQuotes Ltd., MetaTrader 5, Demo

XAU/USD – Daily Chart

USD/JPY Rebounds

Foreign exchange markets saw sharp swings. Early in the week, U.S. yield differentials and Japanese capital outflows pushed the dollar above ¥150, but disappointing U.S. jobs data triggered profit-taking, causing the USD/JPY to slide by four yen from its peak. However, the new BOJ governor the JPY has weakened and USD/JPY soared to 154 and we decided to close our buy signal for more than 80 pips as the pair found support at the 20 daily SMA (gray) and has rebounded more than 200 pips off that MA but reversed after the 25 bps rate cut from the FED. The price approached $160 but reversed after the BOJ meeting and fell 8 cents but found support at $152 at the 100 daily SMA (red) and rebounded above 156 but have reversed down again this week after the Japanese elections. Chart USDJPY, D1, 2026.03.09 22:33 UTC, MetaQuotes Ltd., MetaTrader 5, Demo

USD/JPY – Daily Chart

Cryptocurrency Update

Bitcoin Returns Toward $80K

Cryptocurrencies remained highly active over the summer. Bitcoin (BTC) climbed to fresh highs of $123,000 and $124,000 in July and August, supported by institutional inflows and technical strength. However, remarks from Treasury Secretary Scott Bessent ruling out U.S. increases to BTC reserves triggered a steep pullback, sending the coin down to $80K before finding support at the 100 weekly SMA (green). A rebound followed, sending BTC near $100 is the first major text for Bitcoin buyers. However BTC returned lower and fell below $80K, breaking below the but the 100 weekly SMA (green) but the decline stopped at the $60K support where the 200 weekly SMA (purple) stands and rebounded above $76K but returned to $70K again.

BTC/USD – Daily Chart

Ethereum Returns to $2,000

Ethereum (ETH) has been similarly strong, surging toward $4,800, its highest since 2021 and near its all-time peak of $4,860. Despite a dip last week, ETH found support at the 20-day SMA, with retail enthusiasm and renewed institutional participation driving fresh upside momentum. Last week we saw a dive below $2,000 but buyers returned n d pushed the price above $2K again.

ETH/USD – Weekly Chart

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ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.