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 itโs 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 ๐
*Click the image to enlarge it
At the top of Wednesday's Beat Sheet was the $12.6B specialty industrial machinery stock, Generac $GNRC. Despite missing expectations across the board, shareholders were rewarded with a +6.94 reaction score.
GNRC reported $1.09B in revenue, missing the expected $1.16B, and earnings per share of $1.61, missing the expected $1.77.
At the bottom of Wednesday's list was the $10.8B property and casualty insurance stock, Assurant $AIZ. Following a double beat, shareholders were punished with a -6.09 reaction score.
AIZ's revenues came in at $3.35B, beating the expected $3.31B, and earnings per share of $5.75, beating the expected $5.54.
The beatdown in Robinhood $HOOD also stood out to us.
Let's talk about what else happened ๐
GNRC rallied on bad news๐ฅ
Generac had a +17.9% post-earnings reaction, and here's what happened:
During the quarter, net sales fell by 12% year-over-year.
The company made significant progress in the data center market, with pilot programs underway with two hyperscalers. They are positioning for major volumes in 2027โ2028.
Despite a weak quarter, the management team issued forward guidance that was much stronger than expected.
This was one of the best miss/miss/pops we've seen all season.
The company missed expectations across the board, but the market forgave them because investors are so excited about the data center business they're pursuing.
As the cherry on top, the stock closed at the highest price since 2022. This put the finishing touches on a textbook multi-year bearish-to-bullish reversal pattern.
So long as GNRC holds this breakout, the path of least resistance is higher for the foreseeable future.
AIZ had its worst earnings reaction since Q3 2022๐ฉธ
Assurant had a -8.7% post-earnings reaction, and here's what happened:
Achieved ninth consecutive year of profitable growth, with double-digit increases in adjusted EBITDA and EPS, both excluding and including catastrophes for 2025.
2025 net income rose 15% year-over-year, with strong performance across both Global Lifestyle and Global Housing segments.
While it was a fine quarter, the management team's forward guidance was disappointing. They expect 2026 to be very similar to 2025 in terms of growth.
Heading into this report, the stock was consolidating above a shelf of former highs and looked poised to make a fresh leg higher.
However, yesterday's earnings event destroyed this setup.
Not only was it the worst earnings reaction we've seen in years, but it put the price decisively back below a key level of interest.
With the earnings sentiment and technicals in bearish regimes, we want to stay away from AIZ.
Stay safe out there
-The Beat Team
P.S. The Beat Report sale ends tonight ๐จ
Miss Thursday's call with Steve Strazza?Catch the35-minute replayto learn:
Why stocks drop after "good" earnings.
The exact 3-step checklist we use before every trade.
The specific options structure we prefer for earnings setups.
We're running a special offer that expires at midnight ET tonight.
