Evercore's Beat‑and‑Raise 4: Nvidia, Alphabet, Netflix, Booking - Netflix (NASDAQ:NFLX), NVIDIA (NASDAQ:N

Evercore’s “Beat-and-Raise 4” theme centers on the idea that earnings strength could blunt investors’ “wall of worry” and extend the bull market for Nvidia, Alphabet, Netflix and Booking. The note says Nvidia has lagged leading memory and AI-infrastructure trades despite double-digit year-to-date gains, while Alphabet has faced pressure tied to hyperscaler concerns over heavy AI capex and rising debt issuance. Netflix is digesting fallout after a failed pursuit of Warner Bros Discovery, trading more than 40% below recent highs. Booking has been hit by geopolitics that reduced travel demand and pushed the stock down over 20%. Evercore argues the bet should be on earnings rather than charts, citing expectations for another quarter of over 20% S&P 500 profit growth. It lifted its 2026 EPS estimate by over 6% and reaffirmed a 7,750 year-end target, with Emanuel pointing to early bank reports to confirm profitability beat strength.