Trend Signal Now: The Daily Beat

Friday, February 27, 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

Thursday's top beat came from the $12B packaged foods stock, The J.M. Smucker Co. $SJM. After posting better-than-expected headline results, shareholders were rewarded with a +5.09 reaction score.

In the 8-K, SJM reported revenues of $2.34B, beating the expected $2.32B, and earnings per share were $2.38, beating the expected $2.27.

The beats from TKO Group $TKO, Paramount Skydance $PSKY, and Salesforce $CRM also stood out to us.

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

*Click the image to enlarge it

Thursday's bottom beat came from the $13B medical care facilities stock, Universal Health Services $UHS. Following a mixed earnings report, shareholders suffered a -5.07 reaction score.

UHS reported revenues of $4.49B, slightly missing the expected $4.50B, and earnings per share were $5.88, beating the expected $5.86.

The beat/beat/drops from Emcor $EME, Viatris $VTRS, Nvidia $NVDA, and Synopsys $SNPS also stood out to us.

Let's talk about what else happened 👇

CRM had its 2nd-consecutive positive earnings reaction🔥

Salesforce had a +4% post-earnings reaction, and here's what happened:

Agentforce's annual recurring revenue surged 169% year-over-year. The company has now closed 29,000 Agentforce deals since launch.
The board approved a new $50B share repurchase authorization, replacing all prior programs, alongside a 5.8% increase in the quarterly dividend to $0.44/share.
In addition to the great report, the management team raised its 2030 revenue target to $63B.

Since peaking in late 2024, the stock has suffered a drawdown of more than 50%.

For 3 consecutive quarters last year, shareholders were punished by their earnings events.

But this company is absolutely crushing it, and the market is finally recognizing it.

Yesterday's positive earnings reaction marked the start of a new beat streak and confirmed a failed breakdown below a key former support level.

Now the squeeze is on.

We expect CRM to stabilize here and begin a sweet mean-reverting move higher.

NVDA had its 3rd consecutive negative earnings reaction🐻

Nvidia had a -5.5% post-earnings reaction, and here's what happened:

Revenues reached an all-time high, growing 73% year-over-year.
Net income nearly doubled year-over-year with a free cash flow margin of 51.2%.
While this was another blockbuster quarter from the world's largest company, the market was disappointed in the management team's forward guidance. The revenue growth, gross margin, and operating expense guidance were worse-than-expected across the board.

We previewed this earnings report in the latest Weekly Beat column, noting that earnings sentiment has shifted negatively over the past few quarters.

Not only had the stock been punished for back-to-back earnings reports, but the pre- and post-earnings drift had been negative for 3 consecutive quarters.

And this quarter, the negative trend in earnings sentiment continued.

With the fundamentals firmly in a bearish regime, the odds are increasing that NVDA is carving out a top.

Happy Friday!

-The Beat Team

Editor's Note: Here at the Beat Report, we identify the best fundamental and technical trends in the market.

But we're looking at longer timeframes...

If you want to trade the short-term waves, Steve Strazza has the perfect strategy for you.

Join us LIVE on March 4 at 4 pm ET to learn more.

STAY HUNGRY. STAY FOOLISH

We out here -->

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Trend Signal Now

The Daily Beat - February 27, 2026