Jack of All Trades: High Stakes 01.30.2026
Bifurcation. MA crushed Q4 (revenue $8.8B +18%, cross-border +14%, VAS +23%) +2%. SBUX mixed (comps +4% first in 8 qtrs but margin -180bp, EPS guide low) +5%. XOM/CVX narrowest profits since 2021 (oil -15%) but cost discipline +2-4%. Premium consumers thrive, commodities compress.