Weekly Equities Forecast: Disney, Palantir Technologies, HSBC

Disney Q2 earnings preview

Disney is due to report Q2 2026 earnings ahead of the market open on Wednesday, May 6.

Expectations are for EPS of $1.49 a 2.8% increase on revenue of $24.85 billion for the quarter, up 5% annually.

Breaking this down further, Entertainment revenue is expected to rise 8.3% while Sports revenue is set to rise around 1.5% and Experience revenue is forecast to increase 6.1%.

Disney+ and Hula profitability will be the main focus. Management guided to $500 million streaming operating income. This metric will likely be the biggest driver of any shift in the share price.

Parks and Experiences are the largest contributor to operating income. Attention will be on US demand and international tourism trends, which could be slowing. The market will want to see that the sector remains resilient.

Earnings come just weeks after the streaming giant and entertainment firm cut around 1,000 jobs across multiple divisions of the company. This equates to around 1% of the workforce to create a more agile, technologically enabled workforce to meet the needs of the future.

How to trade Disney earnings

Disney’s share price has been trending lower since the July 2025 high, forming a series of lower highs and lower lows before finding support at 92.20. The longer-term trend remains bearish.

More recently, the price has rebounded higher and is pushing back above the 50-day SMA.

Buyers will need to extend gains above 107 (the April high) to expose the 200-day SMA at 109 and the following trendline at 110. A break above here brings 115 (the 2026 high) into focus.

On the downside, sellers will need to take out the 50-day SMA at 101, which was also previous support, to open the door towards 92.25 (the 2026 low).

Palantir Technologies Q1 earnings

Palantir will release Q1 earnings on Monday, May 4 after the market close.

Expectations are running high as the stock remains closely tied to the AI market rally, and investors will be watching to see whether it can sustain strong growth momentum and justify its elevated valuation.

The data analytics software and AI firm, which helps governments and businesses manage large and complex datasets, is expected to report EPS of 0.28, marking 115% year-on-year growth, while revenue is expected to rise 74% to $1.54 billion.

The key number Wall Street will be watching is US commercial revenue growth, to assess whether demand for Palantir’s AI platform is still driving strong expansion. In the previous quarter, this grew 137% year-on-year to $507 million.

Another key area to watch will be government contracts. Around half of revenue comes from US defence, intelligence, and federal contracts, and in 2025 US government revenue grew 55%. Investors will be watching whether Palantir is renewing existing contracts or losing some deals.

Finally, forward guidance will be crucial as the stock is down around 22% year-to-date. Strong guidance could help the share price recover.

Wall Street has a Moderate Buy consensus on the stock (15 Buy / 5 Hold / 2 Sell).

How to trade PLTR

Palantir has been trading in a descending channel dating back to November 2025. After recovering from support at 122, the price is again attempting to break the upper band of the falling channel and the 50-day SMA around 145.

A rise above here is needed to break out of the channel and expose the 200-day SMA at 164. From here, buyers could gain further traction.

However, failure to break higher would keep the longer-term downtrend intact, with support at 126 (February low), and below here 103 (the lower band of the channel).

HSBC Q1 results preview

HSBC will release earnings on Tuesday, May 5, before the market opens. Expectations are for earnings and revenue to rise year. EPS is forecast at $2.21 on $18.53 billion in revenue.

In the previous quarter, HSBC's results were driven by stronger revenue and lower-than-expected credit loss and other impairment charges.

HSBC’s Asia-focused strategy, especially in Hong Kong and wealth management, is expected to underpin earnings resilience amid global volatility. Higher for longer rates should support margins while geopolitical risks in the Middle East could push loan provisions higher.

HSBC’s exposure to the Middle East is about 4% of revenue. However, the longer-term consequences of the geopolitical shocks are still less clear.

Investment banking revenue is expected to be solid as global deal-making activity was robust in Q1, despite the Middle East war and uncertainty surrounding its impact on the economy in March. While deal volume fell year-on-year, deal value rose as big transactions dominated.

How to trade HSBC earnings

HSBC has been trending higher in recent years. The price is above both the 200-day and 50-day SMAs on the daily chart and is hovering around record highs near 1375.

The trend remains clearly bullish, although momentum is showing signs of slowing.

If momentum picks up, buyers will look for a move above 1375 to fresh record highs, with 1400–1500 as the next logical targets.

Support is seen at around 1315 (recent weekly low). Below here, the 50-day SMA at 1270 comes into focus, and a break lower could open the door to a deeper decline towards 1125 (the March 2026 low).