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 Friday's Beat Sheet was the $98B computer hardware stock, Dell Technologies $DELL. Following a big double beat, shareholders were rewarded with a +6.63 reaction score. DELL reported $33.38B in revenue, beating the expected $31.67B, and earnings per share of $3.89, beating the expected $3.53. The beat/beat/pop from Intuit $INTU also stood out to us. At the bottom of Friday's list was the $13B health information services stock, Solventum $SOLV. After reporting better-than-expected headline results, shareholders received a -1.64 reaction score. SOLV's revenues came in at $2.00B, beating the expected $1.96B, and earnings per share of $1.57, beating the expected $1.50. Let's talk about what else happened 👇 |
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DELL had its best earnings reaction ever🔥 |
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Dell Technologies had a +21.8% post-earnings reaction, and here's what happened: |
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- Earnings grew 45% year-over-year, outpacing revenue, which increased 39% over the same period.
- AI server demand is off the charts... The company ended 2025 with a $43B AI backlog after closing $64.1B in AI-optimized server orders.
- In addition to the blockbuster earnings report, the management team's forward guidance wowed the market. They increased the 2026 revenue guidance by 23%.
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While technology stocks have largely disappointed this earnings season in terms of earnings reactions, Dell did not. The company is doing everything right and capitalizing on the AI revolution. As a result, shareholders enjoyed the stock's best earnings reaction ever, and based on the technical setup, we wouldn't be surprised to see new all-time highs soon. If and when DELL breaks above its Q4 peak from last year, the path of least resistance will decisively shift from sideways to higher for the foreseeable future. |
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SOLV snapped a 3 quarter beat streak🩸 |
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Solventum had a -3.6% post-earnings reaction, and here's what happened: |
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- In 2025, free cash flow came in at -$10M, well below the management team's guidance of $ 150M to $250M. This was a significant disappointment, and they haven't convinced investors that this will change soon.
- The company announced a new $1B share repurchase program, which was initiated in January 2026.
- Doing little to ease free cash flow concerns, the management team expects to have $200M of FCF in 2026. This conversion rate is concerning for a company with ~ $8B in annual revenue.
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Since going public in early 2024, this name has been a major laggard, with the stock going nowhere for 2 years. Over the past 3 quarters, things seemed to be turning around as shareholders were consistently rewarded for the company's earnings events. However, that little glimmer of hope was extinguished after last week's earnings report and the reaction to it. Until the primary trend turns higher or earnings sentiment significantly changes, we expect SOLV to remain a laggard. Cheers to a new week & month! -The Beat Team |
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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. |
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STAY HUNGRY. STAY FOOLISH |
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