Welcome to The Weekly Beat.

Last week was packed with market earnings reactions. 

We saw double beats, historic selloffs, and a $100B surge in market cap. 

Investors were forced to separate strength from weakness. 

And with several prominent names sitting at critical levels, the stakes are only getting higher. 

In this week’s recap, we’re covering the key reactions from last week and previewing the setups we’re focused on heading into next week.

• Monday:
  • Broadcom $AVGO reported a double beat and fell 5% on the news. This dip was quickly bought, and the stock closed the week at a fresh all-time high.
  • Lululemon $LULU posted a double beat and slipped 19.8% in response to it. This was the worst earnings reaction since 2017.
• Tuesday:
  • No earnings reactions in the...

Crude oil just ripped higher with its biggest 3-day rally since March 2022.

And the timing couldn’t be more interesting.

The energy trade looked like it was unraveling.

But the bulls are stepping in and repairing the damage.

Valid tops have turned into "not tops" and bear traps.

This burst of upside momentum comes right as crude is bouncing off a major support zone, both in absolute terms and relative to the broader market. 

Energy stocks have been under pressure for months, but this looks like a potential turning point.

Not only is the price action improving, but positioning is also offside. 

Short interest in the Oil & Gas Exploration & Production ETF $XOP just hit its highest level in years.

A lot of the individual stocks have the highest short interest ever.

The unwind could fuel a powerful move higher across...

Oracle $ORCL is proving that old tech can still deliver new growth.

The $600B enterprise software giant just posted a double beat, and the stock surged 13.3% to fresh all-time highs.

Buyers followed through on Friday with an additional 7.7% increase.

It’s the latest sign that Oracle’s multi-year cloud transformation is working.

After decades as a dominant database provider, Oracle has successfully repositioned itself as a modern cloud infrastructure and applications company. 

And that pivot is accelerating.

Total revenues are ramping higher, and the management team expects this to accelerate.

They raised full-year revenue guidance to the fastest in decades.

In addition, they're benefiting from major tailwinds in generative AI and large language model training. 

Partnerships with Nvidia, OpenAI, and Microsoft are positioning them as a key player in the future of cloud computing.

And the market is rewarding this shift.

The market is consistently rewarding the stock for its earnings reports..

Oracle has quietly re-entered the conversation as one of the most essential platforms in enterprise software...