Earnings season is the heartbeat of the market, and every day brings fresh signals about where money is flowing. With each report, we learn not just how companies are performing, but how investors are reacting. In the Daily Beat, we spotlight the most important S&P 500 earnings moves from the prior session: the winners, the losers, and the reactions that reveal what really matters to the market right now. Whether it's a bellwether with broad economic implications or a niche name making waves, we cut through the noise to focus on the setups that matter most. |
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Here are the latest earnings stats from the S&P 500 👇 |
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*Click the image to enlarge it At the top of Wednesday's Beat Sheet was the $468B software stock, Oracle $ORCL. Following a better-than-expected earnings report, shareholders were rewarded with a +2.51 reaction score. ORCL reported $17.19B in revenue, beating the expected $16.93B, and earnings per share of $1.79, beating the expected $1.70. At the bottom of Wednesday's list was the $7B packaged foods stock, Campbell's $CPB. After missing the headline expectations, shareholders suffered a -3.57 reaction score. CPB's revenues came in at $2.56B, missing the expected $2.61B, and earnings per share of $0.51, missing the expected $0.57. Let's talk about what else happened 👇 |
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ORCL has been rewarded for 3 of its last 4 earnings reports🔥 |
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Oracle had a +9.2% post-earnings reaction, and here's what happened: |
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- Revenues surged 22% year-over-year, and EPS increased by 21% over the same period. This was the first quarter in over 15 years in which both the top- and bottom-lines grew at 20%+ simultaneously.
- Their AI business is booming. The cloud, cloud infrastructure, and multicloud database revenues increased by 44%, 84%, and 531%, respectively.
- While the 2026 revenue guidance was left unchanged, the management team raised its 2027 top-line outlook to $90B.
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We highlighted this report in the latest Weekly Beat column, noting that heading into the earnings event, the price was emerging higher from a short-term consolidation. This came after a brutal 60% decline over the past few months and an extremely negative earnings reaction last quarter. The bulls needed a positive earnings reaction to prevent a fresh leg lower. And they got it... From here, we expect ORCL to carve out a bearish-to-bullish reversal pattern and begin to repair the damage from late last year / early this year. |
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CPB had its worst earnings reaction since Q2 2023🩸 |
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Campbell's had a -7.1% post-earnings reaction, and here's what happened: |
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- EPS cratered 31% year-over-year as the gross margin compressed to 28%, down from 30.5% a year ago.
- The snacks segment, which has been a growth driver for the company, saw sales decline by 6% year-over-year. Additionally, the segment's operating margin collapsed 390 basis points to 7.3%.
- In addition to the awful quarterly results, the management team slashed its forward guidance across the board. They also announced a pause in share buybacks and that the dividend will not be increased anytime soon.
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For years, this has been one of the biggest disasters in the S&P 500, and things keep getting worse. The earnings sentiment has been consistently negative for years, but this quarter was different. Shareholders suffered the worst earnings reaction in years. It's not just the fundamentals that are weak... The technicals are in a very strong primary downtrend, with price trading at its lowest level since 2003. We don't expect a turnaround in CPB's technicals or earnings sentiment anytime soon. Stay safe out there, -The Beat Team |
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Editor's Note: Wave Trader keeps cranking out doubles, and Steve Strazza is going LIVE TODAY at 4 pm ET to show you how this keeps happening. |
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STAY HUNGRY. STAY FOOLISH |
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