We just got earnings reactions for 29 S&P 500 companies - and the tape told a story of extremes.
On one side, you’ve got legacy giants quietly reinventing themselves and riding powerful secular tailwinds.
Think fiber optics, AI infrastructure, and data center buildouts - industries with staying power and momentum.
These businesses are expanding margins, raising guidance, and breaking out to new highs.
On the other side, you’ve got former stalwarts buckling under the weight of rising costs and shifting market dynamics.
A few even posted solid results, only to get smoked anyway - a reminder that expectations matter more than the headline numbers.
These reactions are flashing real-time signals about where capital is flowing… and where it’s fleeing.
Let’s dig in!
Here are the top S&P 500 earnings reactions 👇
*Click the image to enlarge it
Corning $GLW had a +5.84 reaction score after reporting a double beat. This was the best earnings reaction since 2004.
They reported revenues of $4.04B, versus the expected $3.86B, and earnings per share of $0.60, versus the expected $0.57.
Welltower $WELL had a +3.96 reaction score after reporting a double beat. The stock has been rewarded for 18 of its last 20 earnings reports.
They reported revenues of $2.55B, versus the expected $2.47B, and earnings per share of $0.45, versus the expected $0.46.
Here are the bottom S&P 500 earnings reactions 👇
*Click the image to enlarge it
UnitedHealth $UNH had a -2.51 reaction score after reporting mixed results. This was the 4th consecutive negative earnings reaction.
They reported revenues of $111.62B, versus the expected $111.50B, and earnings per share of $4.08, versus the expected $4.48.
Procter & Gamble $PG fell 0.32% and had a muted reaction score after reporting a double beat.
They reported revenues of $20.89B, versus the expected $20.84B, and earnings per share of $1.48, versus the expected $1.42.
Now let's dive into the data and talk about the most important reports 👇
GLW had its best earnings reaction since 2004 🔥
Corning rallied 11.9% after this earnings report, and here's why:
They grew revenue and EPS by 12% and 28%, respectively. The tremendous EPS growth was driven by margin expansion.
Additionally, data center interconnect sales doubled during the quarter.
Management expects continued double-digit sales and earnings growth in Q3, with core sales guidance of $4.2B and core EPS of $0.63–$0.67.
This company is one of the most under-the-radar winners of the AI Revolution. They're crushing it!
We love how the market rewarded the stock with its best earnings reaction in decades. This adds to our conviction in the bullish fundamental story.
The price made a textbook gap-n-go above a shelf of former highs from earlier this year. These breakaway gaps are frequently seen before the best uptrends.
So long as GLW holds above 56, the path of least resistance is decisively higher for the foreseeable future.
UNH had its 4th consecutive negative earnings reaction 🩸
UnitedHealth fell 7.5% after this earnings report, and here's why:
Revenues grew by 13% year-over-year, but adjusted EPS declined over the same timeframe due to higher medical costs and pricing shortfalls.
The medical care ratio (a key performance indicator) is significantly higher than previously forecast.
The management team reinstated guidance after recently suspending it.
This was another disappointing quarter from the largest insurance company in the United States.
The current streak of 4 consecutive negative earnings reactions suggests there are still significant fundamental problems.
Price has been in freefall since the stock had its worst earnings reaction ever earlier this year.
In addition, the gap-n-go to new lows is likely to spark more selling pressure. The technical setup is the exact opposite of Corning.
We think things will get worse before they get better.
So long as UNH holds below 280, the path of least resistance is decisively lower for the foreseeable future.
Thank you for reading.
- The Beat Team
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