Oracle beat earnings last night and the stock is down almost 10 percent this morning. If that sounds backwards, here is why it happened. Oracle reported $2.11 in adjusted earnings per share versus $1.89 expected. Revenue came in at $19.18 billion versus $19.09 billion expected, up 21 percent year over year. Cloud revenues grew 47 percent with infrastructure up 93 percent. By every headline metric this was a strong quarter. But the stock is down because of three things management said on the call: guidance was left unchanged when the market expected a raise, capital expenditures for the full year came in at $55.7 billion which was $5.7 billion above prior guidance, and the company announced plans to raise another $20 billion through a combination of equity and debt which dilutes shareholders. I called Oracle earnings as the key event for this week in the June 8 to 12 week-ahead. The framework there was: the setup going in was elevated expectations. When you beat the number but disappoint on forward guidance and announce dilution, you get this reaction regardless of the headline beat. That is the educational pattern here.
Leading the gap up board is EDHL up 168.68% pre-market at $9.78 with a float of 0.53 million shares. Everbright Digital Holding is a China-based digital marketing and metaverse services company that completed a 1-for-16 reverse split in February 2026. The 23 million daily volume on a 0.53 million float is extraordinary. This is the kind of pre-market setup where the risk of a violent reversal is equal to the risk of missing a continuation. No specific June 11 catalyst was confirmed. This is a pure momentum and short-squeeze type move on a post-reverse-split micro-float name.
MTEN is up 21.84% and this is day three of its run. I flagged MTEN on the June 10 watch list as a 0.49 million float name with extended pre-market moves. It is now running for a third consecutive session. The day-three continuation framework applies here: the momentum is real but so is the reversal risk. Yesterday I outlined the day-three exhaustion pattern that played out in QTEX. Today MTEN is the name in that same position.
INTC is up 5.43% at $112.85 while Oracle is down. This divergence is interesting. Intel appears to be catching a post-CPI relief bid. The chip complex sold off hard on June 10 before the CPI print, and INTC is now recovering while Oracle-linked names absorb the post-earnings selling. That is a real split in the tech sector this morning.
QH is up 53.66% with an 88 million float at $6.30. This is a large percentage move for a name with that float size. DAIC continues its multi-day run at 15.45%.
On the gap down side, FRGT is down 22.47% and MASK is down 12.04% with a 0.82 million float. Both are continuing the post-pump reversal pattern that has been a consistent theme this week. BABA and XPEV are both down as China ADRs trade with weakness this morning.
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