The Beat Report Articles

Last week was packed with key reports, and while the numbers told one story, the reactions told another.

We saw some names break out to new highs. 

Others got slammed, even after solid results. 

A few quiet leaders continued to quietly lead. 

And some names, despite years of consistent performance, just couldn’t catch a bid.

Here’s what stood out… 👇

• Monday:
  • Monster Beverage $MNST reported mixed results, but the market liked it. The stock has been rewarded for 18 of its last 26 earnings reports.
  • McKesson $MCK reported mixed results, but the stock rallied on the news. They've been rewarded for 19 of their last 25 earnings reports.
• Tuesday:
  • NRG Energy $NRG reported a double beat and had its best earnings reaction ever. The stock made a gap-n-go to new all-time highs.
  • Fox $FOX reported a double beat and rallied for its 5th consecutive...

Walmart $WMT just delivered mixed results, and the market punished the stock.

Shares slipped -0.5% on the day, marking the second consecutive negative earnings reaction for the world’s largest retailer.

It’s not that the numbers were terrible. They weren’t. 

But the guidance was a huge disappointment. 

With revenue growth flattening and consumer trends appearing somewhat fragile, investors are clearly adopting a more cautious stance.

Additionally, the stock is exhibiting signs of exhaustion. It has carved out a potential multi-month distribution pattern.

Walmart’s still a bellwether for the U.S. consumer. 

However, if this stock starts to break down, it might be indicating more about the market than just the company.

So what else did we learn from yesterday's earnings reactions? Let's dive into the details.

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Steris $STE had the best reaction score after...

There weren’t any earnings reactions in the S&P 500 yesterday…

But let’s talk about something way more interesting.

Remember that monster move in NRG Energy $NRG the other day?

It was the stock's best earnings reaction ever, and it came from one of the largest “AI Utility” plays on the board.

But if NRG has the size...

Oklo $OKLO has the juice.

This stock recently surged over 1,000% in just a few months, and now it’s setting up for another rally.

Yesterday, the company reported a loss of $0.07 per share and zero revenue… and still had its best earnings reaction ever.

Why? Because the market doesn’t care about today.

It’s looking ahead to the moment this "AI Utility" company is fully online and helping power the AI Revolution.

If OKLO is above the VWAP anchored to its all-time high (currently ~31.25), the breakout is alive and well.

Thank you for reading.

- The Beat Report Team 

PS: Jeff Macke...

Simon Property Group $SPG just turned in mixed results, and the market wasn’t having it.

Shares dropped 6.2% following the release, marking the stock’s worst earnings reaction since 2009.

In a market that’s punishing anything less than perfection, this wasn’t the quarter to come up short. 

Fundamentals weren’t terrible, but they weren’t great either. 

Net operating income growth slowed dramatically, occupancy rates stagnated, and guidance was uninspiring. 

That’s all it took...

This is a stock that’s been working hard to reclaim its long-term highs. 

But when your biggest earnings reaction in over a decade is to the downside, that’s not a sign of confidence. 

It’s a sign investors are nervous and no longer willing to give the benefit of the doubt.

Simon’s still a heavyweight in the REIT space. But after this report, it’s clear that the margin for error is gone.

So what else did we learn from yesterday's earnings reactions? Let's dive into the details.

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Davita $DVA...

NRG Energy $NRG didn't just beat earnings expectations, it torched them.

The company delivered a double beat, with a 53% upside earnings surprise and an 8% top-line beat.

The result? The stock exploded by over 26%, marking its best earnings-day reaction ever.

But this isn't just about a beat. 

It's about a narrative shift. 

NRG is quickly positioning itself as a dominant player in the emerging "AI Utility" trade.

They're providing the energy infrastructure needed to power the next generation of computing.

From a technical perspective, it doesn't get cleaner. 

The stock gapped above a shelf of former highs and never looked back. 

It was a textbook gap-n-go, coming out of a classic rounding base.

This was about as decisive a move as you'll ever see.

So what else did we learn from yesterday's earnings reactions? Let's dive into the details.

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NRG Energy $NRG had the best...

Monster Beverage $MNST has been quietly building pressure for years, and this quarter may have just been the catalyst it needed.

The company reported mixed results, but the stock still managed to climb 1.4%. 

They've now been rewarded for 18 of their last 26 earnings reports. 

That’s not noise...

That’s a pattern!

This isn’t some speculative upstart. 

It’s one of the most successful stocks of the 21st century. Since 2001, the price has increased by more than 200,000%. 

And now, after years of sideways action, it's knocking on the same resistance it’s failed at multiple times before.

Could it be time for the stock to moon again?

So what else did we learn from Friday's earnings reactions? Let’s dive into the details.

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Insulet $PODD had the best reaction score after reporting a double beat.

The company reported revenues of $570M, versus the...

Last week was packed with earnings events.

We heard from some of the biggest names in the market - including several Magnificent 7 giants, the world’s largest financial company (Berkshire Hathaway $BRK.A / $BRK.B), and plenty more.

There were some sweet earnings reactions. 

And some pretty terrible ones, too...

Here's what we talked about last week:

• Monday:
  • Amazon.com $AMZN reported a double beat, but was punished for it. This was the 4th consecutive quarter of the market not rewarding the stock for its earnings report.
  • Apple $AAPL was also punished for reporting a double beat. The stock has experienced negative earnings reactions in 6 of the last 8 quarters.
• Tuesday:
  • Berkshire Hathaway $BRK.A / $BRK.B reported a double miss and fell over 5%. This was the stock's worst earnings reaction since 2011.
  • Zimmer Biomet $ZBH reported a double beat,...

Occidental Petroleum $OXY didn’t blow the doors off this quarter.

Results were mixed, with some revenue softness and a slight beat on EPS, but you wouldn’t know it from the tape.

Shares exploded higher, logging their best earnings-day reaction since 2011.

This kind of move stands out in a market that’s been punishing mixed results like this. 

It tells us one thing: positioning mattered more than the print. 

Investors were underweight, sentiment was washed out, and any whiff of stability sparked a violent unwind.

Energy’s been forgotten for months. But this might be the first sign that the tide is turning.

When a stock rips like this off mediocre numbers, it's not about what just happened...

It’s about what the market is starting to price in.

So what else did we learn from yesterday's earnings reactions? Let’s dive into the details.

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Corteva $CTVA had the best reaction score...

Uber $UBER reported mixed results this quarter, topping revenue, but missing EPS expectations. 

Instead of celebrating what seemed to be a decent quarter, the stock dipped 2.5% on the day.

That’s not what strength looks like.

Revenue growth is slowing, and the company's sales and marketing spend is ramping up. This is a red flag for a business that’s supposed to be "scaling efficiently."

So while the revenue numbers came in hot, the internals are raising eyebrows.

In this tape, surface-level beats won’t cut it. Investors want margin discipline, accelerating growth, and clean execution. 

Uber didn’t deliver that. And the market responded accordingly.

This wasn’t a disaster, but it wasn’t convincing either.

So what else did we learn from yesterday's earnings reactions? Let’s dive into the details.

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Charles River Laboratories $CRL had the best reaction score...

Palantir $PLTR just delivered a double beat, with both revenue and earnings exceeding expectations. 

But you wouldn’t know it from the chart.

Despite the solid headline numbers, the stock suffered its worst earnings reaction in over a year.

This is the kind of tape where good news isn’t good enough. 

When a high-profile name like Palantir delivers and still gets sold, it tells you all you need to know about sentiment at the moment.

Sure, the business is growing, and the AI story is still intact, but the market doesn’t care. 

This wasn’t about fundamentals. 

It was about expectations… and clearly, they were too high.

That’s not disappointment in the company, that’s exhaustion in the trade.

So what else did we learn from yesterday's earnings reactions? Let’s dive into the details.

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Constellation Energy $CEG had the best reaction score after...

Berkshire Hathaway $BRK.B just delivered a double miss, falling short on revenue and earnings. 

But the real bombshell came later: Warren Buffett is stepping down as CEO at the end of 2025.

The result? Berkshire just logged its worst earnings reaction since 2011.

This isn’t just another miss. This is the market reacting to the end of an era. 

The Oracle of Omaha has been Berkshire's steady hand for decades, and while succession plans have been public for years, the official word hits differently. 

The stock sold off hard and fast.

This isn’t about numbers anymore. It’s about confidence.

When a fortress stock like Berkshire gets punished like this, it signals something deeper: investors are nervous...

Buffett stepping back into the shadows feels like a metaphor for this entire tape.

If Berkshire’s not safe, what is?

So what else did we learn from yesterday's earnings reactions? Let’s dive into the details.

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Henry Schein $HSIC had the best...

Two of the world's largest companies—Apple and Amazon—just delivered double beats… and the market couldn’t care less.

Amazon posted better-than-expected revenue and EPS, but finished the day slightly negative, marking its 4th consecutive negative earnings reaction. 

Apple also beat on both fronts… and got slammed for a -3.7% decline. This extends a rough streak of being punished in 6 of its last 8 earnings reports.

These aren’t speculative names. These are market generals. 

If they’re getting sold on good news, that’s a big red flag.

Technically, both charts tell the same story. 

After attempting to break out above key resistance levels, both stocks failed hard, printing failed breakout patterns and rolling back over. 

When leadership names like these can’t catch a bid even on strong results, it speaks volumes about the underlying tone of the tape.

This isn’t just a stock-specific weakness. This is index risk.

When the heaviest weights in the major averages get hit on strength, it’s often a sign that institutions are distributing, not accumulating.

The question now isn’t...