Three Earnings Reports That Could Move the Market This Week
Here's what you need to know.
March 15, 2026
Earnings season is where narratives collide with reality.
Every quarter, companies step up and show investors what’s actually happening beneath the surface of the economy. Sometimes those reports confirm the trend.
Other times, they completely flip the script.
Over the past week, we saw both. Some companies delivered massive upside surprises, while others reminded shareholders just how unforgiving the market can be.
Let’s break down the earnings reactions that mattered most.
After a big double beat, Costco $COST rallied 1.6%. The e-commerce segment is booming, with comparable sales up 22.6% year-over-year.
Despite beating Wall Street's headline expectations, Cooper Companies fell 4.6%. Shareholders have now been punished for 5 of the last 6 earnings events. Tariffs have hit this company hard, leading to a 60-basis-point year-over-year decline in gross margin.
There were no S&P 500 earnings reactions to cover, so we highlighted one of our favorite growth stories outside of the S&P 500.
The company's name is Amprius Technologies $AMPX, and every time they report earnings, the stock rips higher by double digits. Now, the price is breaking out of a massive base.
After posting mixed headline results, Hewlett Packard Enterprise $HPE fell 3.3% and snapped a 3-quarter beat streak. The stock is now on the cusp of resolving a prolonged distribution pattern.
The real culprit with this report was the management team's forward guidance. They expect EPS of only $0.51-$0.55, a significant step down from this quarter's results. Additionally, they lowered the full-year cloud and AI revenue growth guidance from mid-single-digit to low double-digit to mid-to-high single-digit.
In reaction to a better-than-expected earnings report, Oracle $ORCL rallied 9.2%. Revenues surged 22% year-over-year, and EPS increased by 21% over the same period. This was the first quarter in over 15 years in which both the top- and bottom-lines grew at 20%+ simultaneously.
Following a double miss, Campbell's $CPB cratered 7.1% for its worst earnings reaction since Q2 2023. The stock is now trading at the lowest level since 2003, making it one of the hottest messes in the S&P 500.
While Dollar General $DG beat expectations on both revenue and earnings per share, shareholders were not impressed, sending the stock down -6.1% in reaction to the report. This resulted in a reaction score of -1.69.
The fundamentals weren't the problem... It was a key technical level that served as resistance.
What's happening next week 👇
Next week will be on the slower side, but there will still be plenty to cover. Our attention will be focused on Micron $MU, Alibaba $BABA, and FedEx $FDX.
We'll also be watching:
Dollar Tree $DLTR, Lululemon $LULU, and Five Below $FIVE for a read on the consumer.
Williams-Sonoma $WSM will tell us about the housing market.
Accenture $ACN will provide new information on the consulting industry, which AI is massively disrupting.
Planet Labs $PL and Intuitive Machines $LUNR will give us a read on space exploration.
And more!
There will be a lot of earnings reactions to unpack next week in the Daily Beat. Stay tuned...
Now, let's turn to the earnings reports at the top of our radar.
Let’s start with Micron $MU, which reports after the close on Wednesday. Investors are expecting about $19.23B in revenue and $8.82 in EPS.
Heading into the report, Micron is pressing against the upper boundary of a multi-week coil. This comes after a historic +600% rally off the April low last year, making MU one of the strongest stocks in the entire market.
After such a powerful move, this type of consolidation is exactly what you want to see.
As we say all the time around here, the best uptrends tend to correct through time, not price. That seems to be what's happening here.
If the stock resolves higher out of this coil following earnings, it could open the door for another leg higher in what has already been a powerful primary uptrend.
The earnings history supports that bullish backdrop.
Last quarter, Micron snapped a streak of four consecutive negative earnings reactions. That shift helped confirm the broader technical breakout that was already underway.
Since the March 20, 2025, report, both revenue growth and EPS growth have been off the charts. In other words, technicals and fundamentals are in very strong primary uptrends.
We expect MU shareholders will be rewarded for this week's earnings report.
Next up is Alibaba $BABA, which reports on Thursday before the open. Analysts are looking for $41.36B in revenue and $1.61 in EPS.
Unlike Micron, Alibaba enters earnings with a much weaker technical setup.
The stock is now trading at new multi-month lows and has violated a key polarity level. This level previously acted as support, then resistance, before finally breaking out late last year.
But that breakout is now failing.
With the price back below this level, sellers appear to be in control again. As long as BABA remains beneath this zone, the stock remains vulnerable to further downside.
The earnings history doesn’t offer much encouragement either.
There isn’t a consistent pattern in Alibaba’s earnings reactions, but one trend stands out clearly: the persistent negative post-earnings drift.
At the same time, EPS growth has deteriorated sharply over the past two quarters.
In other words, both the technical picture and the fundamental momentum have been moving in the wrong direction heading into this report.
Finally, let’s take a look at FedEx $FDX, which reports after the close on Thursday. Investors are expecting about $23.48B in revenue and $4.12 in EPS.
After spending several years carving out a massive basing pattern, FedEx broke out to new all-time highs earlier this year. Since last April's low, the stock has doubled.
That’s the definition of a strong primary uptrend.
However, the stock has recently entered a corrective phase. Over the past few weeks, the price has pulled back from its highs ahead of this week’s report.
That’s not the ideal heading into a major catalyst, and it increases the odds that the stock may come back to retest the shelf of former highs.
The earnings reaction history offers another important clue.
FedEx has been rewarded for the last two earnings reports after suffering four consecutive negative reactions before that.
However, there were subtle warning signs last quarter. For the first time since June of 2024, the stock experienced both negative pre- and post-earnings drift.
And while the absolute reaction was positive, our reaction score was actually negative.
Taken together, that raises the possibility that shareholders could be punished following this week’s report.
These are just three of the major earnings setups we’re watching heading into next week.
Inside the Premium Beat Report, we track dozens of these setups and break down the reaction data, technical levels, and sector trends that drive the biggest post-earnings moves.
If you want to see the stocks our team is preparing to trade around earnings, and join our next live strategy session with Steve Strazza, become a Premium Beat Report member today.
That's it for this week. Thank you for reading!
-The Beat Team
P.S. On Thursday, Steve Strazza didn’t just show a trade; he walked through his entire process LIVE.
Check out the replay and see exactly how Wave Trader finds the biggest moves early.
