Earnings are the heartbeat of the market, and every week brings a fresh set of opportunities and risks. With each report, we get new information on corporate health, investor sentiment, and where money is rotating. In the Weekly Beat, we spotlight the most important earnings reactions from the prior week: the winners, the losers, and the surprises that moved markets. Then we shift our focus to the week ahead, breaking down the technicals and fundamentals. Whether it's mega-cap leaders, niche growth stories, or the sectors most tied to the economy, we've got you covered on what traders need to know right now. |
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What happened last week 👇 |
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- Monday:
- Following a big double beat, Verizon $VZ had its best earnings reaction of the 21st century. Q4 2025 net adds exceeded 1M across mobility and broadband, the highest since 2019.
- Despite beating headline expectations, KLA Corp. $KLAC cratered 15.2% for its worst earnings reaction of the 21st century. The management team issued strong forward revenue guidance, but it fell short of expectations for the first half of 2026.
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- Tuesday:
- In reaction to a double beat, Tyson Foods $TSN had its 3rd-consecutive positive earnings reaction. Sales increased by 6.2% year-over-year, driven by strong demand for chicken and prepared foods. This was the 5th consecutive quarter of volume and net sales gains in the chicken segment.
- After beating the market's expectations, Disney $DIS fell 7.4% for its 3rd-consecutive negative earnings reaction. While the management team expects solid EPS growth in 2026, the market wasn't pleased with the capital expenditure plan.
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- Wednesday:
- DaVita $DVA crushed its headline expectations and soared 21.2%, marking the stock's best earnings reaction ever. The company's integrated kidney care segment delivered its first profitable year, ahead of schedule, driven by improved patient outcomes and operational efficiency.
- Following a double miss, PayPal $PYPL tanked 20.3% for its worst earnings reaction since Q1 2022. The stock is now trading at the lowest level since 2017.
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- Thursday:
- After announcing better-than-expected results, Fortive $FTV rallied 10.6% for its best earnings reaction ever. The stock is now on the cusp of resolving a massive accumulation pattern.
- Despite posting a double beat, Boston Scientific $BSX suffered its worst earnings reaction since 2000. This was the decisive resolution of a textbook distribution pattern, marking the beginning of a brand-new primary downtrend.
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- Friday:
- In reaction to a double beat, McKesson $MCK ripped to a new all-time high and had its best earnings reaction ever. In addition to the blockbuster earnings report, the management team dramatically raised its forward EPS guidance.
- Following a double beat-and-raise, Estée Lauder $EL fell 19.2%. The stock has now been punished for 7 of its last 8 earnings reports.
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What's happening next week 👇 |
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Next week will be action-packed again, with our attention focused on Coca-Cola $KO, Cisco $CSCO, Shopify $SHOP, and Robinhood $HOOD. We'll also be watching: |
- The crypto trading platform Coinbase $COIN.
- The largest uranium stock, Cameco $CCJ.
- One of the largest winners this cycle, Applovin $APP.
- The leading online gambling stock DraftKings $DKNG.
- And more!
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There will be plenty of earnings reactions to unpack next week in the Daily Beat. Stay tuned... Now, let's talk about the reports that are front and center for us next week. Coca-Cola $KO reports Tuesday before the open, and the market is looking for revenues of $12.05B and earnings per share of $0.57. |
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Heading into this report, Coca-Cola is ripping to fresh all-time highs after recently putting the finishing touches on a textbook multi-year accumulation pattern. This isn't the sleepy defensive name people think of when they hear "Coke." It's acting like a leader. When a stock is breaking out to new highs ahead of earnings, expectations are clearly elevated. The market is already pricing in strength. That said, the earnings scorecard supports it. |
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Coca-Cola almost always beats headline expectations, and more importantly, the market is rewarding shareholders for it. The stock has seen positive reactions in 3 of the last 4 quarters, and the lone "negative" reaction was barely down. You also see consistent pre- and post-earnings drift, along with steady year-over-year revenue and EPS growth. If management delivers again, we would expect another constructive reaction and potential continuation of this breakout. Next up is Cisco Systems $CSCO, which reports on Wednesday after the market closes. The Street is looking for $15.11B in revenue and $1.02 in earnings per share. |
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Cisco was one of the hottest stocks of the .com bubble era, peaked in 2000, and then went absolutely nowhere for 26 years. Now, for the first time in a generation, the stock is reclaiming that 2000 peak and pushing to new all-time highs ahead of earnings. This is a structural change. The earnings scorecard is supporting this move. |
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Like Coca-Cola, Cisco almost always beats expectations. The difference now is that growth has returned. After four consecutive quarters of negative year-over-year revenue and EPS growth in 2024, the past four quarters have shown clean top- and bottom-line acceleration. And the stock has been rewarded for 3 of the last 4 reports. The market clearly likes what it's seeing... When a stock is breaking out to multi-decade highs with improving fundamentals, you don't fight that trend. Shopify $SHOP reports on Wednesday before the market opens, with expectations for $3.62B in revenue and $0.51 in earnings per share. |
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Technically, Shopify looks very different than KO and CSCO. Price is rolling over at the prior cycle peak, with former resistance once again acting as resistance. The last time SHOP was at this level, the stock ultimately cratered more than 80%. We're not calling for a repeat of that move, but right now the sellers are clearly in control heading into earnings. The scorecard adds some caution. |
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Last quarter marked the first negative year-over-year EPS growth in seven quarters, and the market did not like it. SHOP fell nearly 7% in reaction. When growth momentum stalls in a stock that's priced for perfection, earnings reactions can be unforgiving. Given the technical deterioration and the shift in earnings sentiment, a negative reaction this week would not be surprising. Finally, Robinhood $HOOD reports Tuesday after the market closes. The market is looking for $1.35B in revenue and $0.63 in earnings per share. |
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| Robinhood was one of the biggest winners of this cycle. From its November 2023 low to the October 2025 peak, the stock rallied roughly 2,000% in a near-vertical move. And last summer, HOOD broke out to new all-time highs and reclaimed its IPO peak. But that primary uptrend now appears to have concluded. Price has rolled over and is back below that former breakout level, putting sellers in control heading into earnings. And the earnings sentiment has clearly shifted. |
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Despite tremendous top- and bottom-line growth and consistent headline beats, Robinhood has been punished for 3 consecutive earnings reports. That's a major change in character. When a former leader starts getting sold on good news, that's not something to ignore. Unless the company delivers results that truly shock the market, the path of least resistance appears lower here. Some of these names are breaking out to fresh highs with fundamentals confirming the move. Others are rolling over amid deteriorating sentiment. Earnings reactions next week will tell us exactly where capital wants to flow next. We'll be watching closely. Happy Super Bowl Sunday! -The Beat Team |
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STAY HUNGRY. STAY FOOLISH |
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