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 latest earnings stats from the S&P 500 👇
*Click the image to enlarge it
Wednesday's Beat Sheet was the greenest we've seen so far this earnings season.
At the top of the list was the $29B scientific & technical instruments stock, Teledyne Tech. $TDY. Following a big double beat, shareholders were rewarded with a +5.12 reaction score.
The company reported $1.61B in revenues, beating the expected $1.57B, and earnings per share of $6.30, beating the expected $5.83.
At the bottom of the list was the $390B entertainment stock, Netflix $NFLX. After posting a double beat, shareholders were punished with a -2.43 reaction score.
Revenues came in at $12.05, beating the expected $11.97B, and earnings per share of $0.56, slightly beating the expected $0.55.
Let's talk about what else happened 👇
TDY had its best earnings reaction since 2008🔥
Teledyne Tech. had a +9.8% post-earnings reaction, and here's what happened:
Total top-line and operating margins hit all-time highs.
Defense businesses remained robust, and short-cycle commercial businesses showed recovery, with most product families growing year-over-year.
In addition to the blockbuster report, the management team issued strong forward guidance for 2026 that was in line with the consensus.
Aerospace & defense stocks have been red-hot, but this stock has lagged its peers. We think that's about to change...
With fresh fundamental momentum kicking in and the stock clearing a key Fibonacci extension level, the runway is clear for escape velocity.
So long as TDY holds above 600, the path of least resistance is likely to remain higher for the foreseeable future.
NFLX had its 3rd consecutive negative earnings reaction🩸
Netflix had a -2.2% post-earnings reaction, and here's what happened:
Revenues grew 18% year-over-year as the company surpassed 325M paid memberships.
The company is becoming more profitable as it grows. Operating income surged 30% year-over-year.
In addition to the solid quarterly report, the management team expects 14% revenue growth and further margin expansion in 2026.
Despite a strong earnings report that exceeded market expectations, the market remains pessimistic about this company's future.
Shareholders were punished for a double beat, marking the 3rd consecutive negative earnings reaction.
The technicals are confirming the negative shift in fundamental sentiment as the price is on the cusp of resolving a textbook distribution pattern.
Unless something significantly changes, we expect further pain for NFLX longs.
Stay safe out there,
-The Beat Team
P.S. Q3 earnings are in. Here are the takeaways, and how we identified them.
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