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Earnings review

Institutional dissection of quarterly prints. We separate headline noise from the reality of margins and guidance.

Earnings review

BANKING AUDIT: Separating the Wheat from the Chaff (Q4 2025)

Jan 14, 2026

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2 min read

BANKING AUDIT: Separating the Wheat from the Chaff (Q4 2025)

Why $BAC is our Top Pick and why you should avoid the "cheap" trap of $C.

Tom Alpha Trades
Tom Alpha Trades

Earnings review

FedEx Q2 FY2026 Earnings: 20% EPS Beat Masked by Freight Collapse

Dec 19, 2025

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11 min read

FedEx Q2 FY2026 Earnings: 20% EPS Beat Masked by Freight Collapse

DRIVE transformation delivers $540M in quarterly savings and record peak volumes, but Freight segment's -71% profit crash and $1B trade headwinds steal the spotlight. Stock flat despite massive beat.

Tom Alpha Trades
Tom Alpha Trades

Earnings review

Nike Q2 FY2026 Earnings: The $1.5B Tariff Bomb Wall Street Underestimated

Dec 19, 2025

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11 min read

Nike Q2 FY2026 Earnings: The $1.5B Tariff Bomb Wall Street Underestimated

EPS misses by 16% as tariff costs jump 50% in 90 days. North America recovers (+9%), but China crisis deepens (-17%). Stock drops 10% after hours.

Tom Alpha Trades
Tom Alpha Trades

Earnings review

Costco Q1 FY2026 Earnings: 92% Renewal Rates Meet First Decline in Years

Dec 12, 2025

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19 min read

Costco Q1 FY2026 Earnings: 92% Renewal Rates Meet First Decline in Years

Stock flat at $882 despite EPS beat as -10bps renewal drop, missing operating leverage, and $72M tax benefit signal premium valuation under pressure

Tom Alpha Trades
Tom Alpha Trades

Earnings review

Broadcom Q4 FY2025 Earnings: $73B AI Backlog Meets Margin Compression Reality

Dec 12, 2025

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13 min read

Broadcom Q4 FY2025 Earnings: $73B AI Backlog Meets Margin Compression Reality

AI revenue doubling masks deeper problems: margin compression, VMware slowdown, and $2.1B accounting gain inflating profits.

Tom Alpha Trades
Tom Alpha Trades

Earnings review

Oracle Q2 Earnings: $50B AI Bet Crashes Into -$10B Cash Flow Reality

Dec 12, 2025

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7 min read

Oracle Q2 Earnings: $50B AI Bet Crashes Into -$10B Cash Flow Reality

Stock plunges 11% as free cash flow disaster overshadows "earnings beat" inflated by $2.7B one-time gain. Is Oracle building the AI future or digging a debt grave?

Tom Alpha Trades
Tom Alpha Trades

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