As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at consumer discretionary stocks, starting with Strategic Education (NASDAQ: STRA).

This sector includes everything from cable TV services to hotel stays to gym memberships. While diverse, the way people buy and experience these products is being upended by the internet and digitization. Consumer discretionary companies are working to adapt to secular trends such as streaming video, online marketplaces for lodging accommodations, and connected fitness. That discretionary purchases are, by definition, something consumers can give up makes it even more imperative for companies in the space to adapt.

The 20 consumer discretionary stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was 9.2% below.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Strategic Education (NASDAQ: STRA)

Formed through the merger of Strayer Education and Capella Education in 2018, Strategic Education (NASDAQ: STRA) is a career-focused higher education provider.

Strategic Education reported revenues of $305.9 million, flat year on year. This print fell short of analysts’ expectations by 1.2%. Overall, it was a slower quarter for the company with a significant miss of analysts’ EPS and revenue estimates.

The stock is down 11.3% since reporting and currently trades at $74.18.

Read our full report on Strategic Education here, it’s free.

Best Q1: Monarch (NASDAQ: MCRI)

Established in 1993, Monarch (NASDAQ: MCRI) operates luxury casinos and resorts, offering high-end gaming, dining, and hospitality experiences.

Monarch reported revenues of $136.6 million, up 8.9% year on year, outperforming analysts’ expectations by 5.2%. The business had an exceptional quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

The market seems happy with the results as the stock is up 19.2% since reporting. It currently trades at $117.51.

Is now the time to buy Monarch? Access our full analysis of the earnings results here, it’s free.

Delta (NYSE: DAL)

One of the ‘Big Four’ airlines in the US, Delta Air Lines (NYSE: DAL) is a major global air carrier that serves both business and leisure travelers through its domestic and international flights.

Delta reported revenues of $15.85 billion, up 12.9% year on year, exceeding analysts’ expectations by 4%. Still, it was a slower quarter as it posted a significant miss of analysts’ EPS estimates and EPS guidance for next quarter missing analysts’ expectations significantly.

Interestingly, the stock is up 4.6% since the results and currently trades at $68.67.

Read our full analysis of Delta’s results here.

American Airlines (NASDAQ: AAL)

One of the ‘Big Four’ airlines in the US, American Airlines (NASDAQ: AAL) is a major global air carrier that serves both business and leisure travelers through its domestic and international flights.

American Airlines reported revenues of $13.91 billion, up 10.8% year on year. This print topped analysts’ expectations by 0.6%. Overall, it was a strong quarter as it also produced EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ adjusted operating income estimates.

The stock is up 2.2% since reporting and currently trades at $11.76.

Read our full, actionable report on American Airlines here, it’s free.

Comcast (NASDAQ: CMCSA)

Formerly known as American Cable Systems, Comcast (NASDAQ: CMCSA) is a multinational telecommunications company offering a wide range of services.

Comcast reported revenues of $31.46 billion, up 10.9% year on year. This result beat analysts’ expectations by 3.4%. It was a strong quarter as it also recorded an impressive beat of analysts’ revenue estimates and a decent beat of analysts’ adjusted operating income estimates.

The stock is down 6.1% since reporting and currently trades at $27.57.

Read our full, actionable report on Comcast here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.