Costco $COST reported a double beat and rallied 3.1% on the news. The stock is now hovering near all-time highs.
Dell Technologies $DELL posted mixed results and slipped 2.1% in response to it. The market has punished the stock for 5 of the last 7 earnings reports.
Brown-Forman $BF.B delivered a double miss and cratered 17.9% for its worst earnings reaction ever.
Margins are under pressure, with gross profit down 7% and EPS off 14% year-over-year. This one’s in trouble.
What we're looking forward to next week 👇
After Monday’s close, all eyes will be on Casey’s General Stores $CASY.
This $16B gas station giant has been in a secular uptrend for decades, and the momentum isn’t slowing down.
The stock has been rewarded in 3 of its last 4 earnings reports, and we'll be watching closely for another strong quarter.
Before Wednesday's opening bell, we'll hear from the $20B online pet goods retailer, Chewy $CHWY. The stock has been red hot over the last year, rallying over 200%.
Later in the week, the action heats up even more with earnings from Adobe $ADBE, GameStop $GME, Stitch Fix $SFIX, and others.
There will be a lot to unpack here at The Beat Report.
We're most looking forward to the Oracle $ORCL earnings report after Wednesday's closing bell, and here's why:
Oracle is one of the most critical players in the global software infrastructure space.
This $488B giant powers mission-critical workloads across industries with its database technology, enterprise software, and rapidly growing cloud platform.
While it may not generate the same AI buzz as others, this company is no stranger to the trend.
Its strategic cloud partnerships with Nvidia, Microsoft, and OpenAI position it as an essential backend player in the AI arms race.
Top and bottom line growth is double-digits, and the earnings multiple is lower than most of its Magnificent 7 peers.
The stock has been rewarded for 3 of its last 5 earnings reports, but each upside move has faded quickly.
After a textbook shakeout earlier this year, the stock is marching back to its former resistance.
With another earnings report coming up and the stock coiling near its prior highs, we're watching closely to see if this time is different.
Our line in the sand is 180.
Below there, it's likely to be messy.
A breakout would mark the beginning of a fresh leg higher toward 253
A gap-n-go above the 261.8% extension level would be the most bullish outcome.
Thank you for reading.
- The Beat Report Team
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