Trend Signal Now: The Daily Beat

Wednesday, February 11, 2026

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.

Here are the top beats from the S&P 500 👇

*Click the image to enlarge it

Tuesday's top beat came from the $23B diagnostics and research stock, Quest Diagnostics $DGX. After beating headline expectations, shareholders were rewarded with a +5.09 reaction score. The stock has now been rewarded for 5 of its last 6 earnings reports.

In the 8-K, DGX posted revenues of $2.81B, beating the expected $2.75B, and earnings per share were $2.42, above the expected $2.36.

The big positive reaction from Marriott $MAR also stood out to us.

Here are the bottom beats from the S&P 500 👇

*Click the image to enlarge it

Tuesday's bottom beat came from the $31B specialty industrial machinery stock, Xylem $XYL. Despite a big double beat, shareholders suffered a -5.83 reaction score.

XYL reported revenues of $2.40B, beating the expected $2.37B, and earnings per share of $1.42, beating the expected $1.41.

The beatdown in S&P Global $SPGI also stood out to us.

Let's talk about what else happened 👇

MAR had its best earnings reaction since 2010🔥

Marriott had a +8.5% post-earnings reaction, and here's what happened:

Gross fee revenues grew 7% year-over-year, driven by higher revenue per available room and an 8% increase in credit card fees.
The Marriott Bonvoy loyalty program grew by 43M members to nearly 271M, with new collaborations and recognition as the best hotel loyalty program.
In addition to the strong quarter, the management team issued strong forward guidance across the board.

For years, this stock has been in a strong primary uptrend, consistently outperforming its peers.

This has been fueled by strong fundamentals.

And the strong technical and fundamental uptrends are strengthening. The stock is ripping to new all-time highs on the heels of the best earnings reaction in decades.

We expect MAR to continue trending higher for the foreseeable future.

SPGI had its worst earnings reaction of the 21st century🐻

S&P Global had a -9.7% post-earnings reaction, and here's what happened:

All business segments grew year-over-year, with the ratings segment outperforming.
In 2025, the company returned 113% of free cash flow to shareholders via dividends and buybacks, marking 53 consecutive years of dividend increases. They also repurchased over $5B in stock.
While the management team's forward guidance was pretty solid, the ratings guidance was underwhelming.

Heading into this report, there was a concerning divergence between earnings sentiment and the technicals.

Despite being rewarded for 4 consecutive earnings reports, the stock was carving out a textbook distribution pattern.

As it turned out, the earnings sentiment is catching down to the technicals as shareholders just suffered the worst earnings reaction of the 21st century.

And with SPGI printing fresh multi-year lows, we expect the path of least resistance to remain lower for the foreseeable future.

Follow the trend,

-The Beat Team

Editor's Note: The Beat Report is still on sale, but not for long.

Miss Thursday's call with Steve Strazza? Catch the 35-minute replay to learn:

- Why stocks drop after "good" earnings.

- The exact 3-step checklist we use before every trade.

- The specific options structure we prefer for earnings setups.

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Start your risk-free trial today before the price resets.

STAY HUNGRY. STAY FOOLISH

We out here -->

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Trend Signal Now

The Daily Beat - February 11, 2026