Ever wake up, check your phone, and see half the watchlist already up or down double digits before most people have had their coffee? That was Tuesday morning for anyone following tech and growth names.
Some stocks were absolutely on fire, others looked like they’d been thrown into the freezer overnight. In my experience, these premarket fireworks often set the tone for the entire session—especially when earnings and guidance are involved. Let’s dig into the names actually worth your attention right now.
The Standout Winners Lighting Up Screens This Morning
MongoDB – The One Everyone’s Talking About
If you only look at one chart today, make it MongoDB. The stock exploded 24% in premarket after crushing third-quarter numbers.
Adjusted earnings came in at $1.32 per share against the 80 cents expected. Revenue hit $628 million when the Street was modeling $592 million.
But here’s what really got the algo traders hitting buy: management lifted full-year guidance again. I’ve followed this name for years, and every time they raise numbers, the multiple expands. The modern data platform story is clearly resonating, especially as companies modernize away from legacy databases.
Perhaps the most interesting part? Consumption pricing appears to finally be hitting its stride. Customers are spending more than anyone modeled twelve months ago. That’s the kind of positive surprise that can fuel a move for weeks.
Credo Technology – Quietly Becoming an AI Infrastructure Darling
Speaking of pleasant surprises, Credo Technology Group jumped 16% after reporting fiscal second-quarter results that left analysts scrambling to update models.
Adjusted EPS of 67 cents destroyed the 49-cent estimate. Revenue of $268 million smoked the $235 million forecast. Then came the real bombshell—current-quarter guidance of $335–345 million when the Street had only $248 million penciled in.
Anyone who’s been paying attention to hyperscaler capex knows optical connectivity is the next bottleneck after GPUs. Credo’s high-speed serdes and active electrical cables are exactly what the big cloud providers need to keep scaling AI clusters. This quarter proved demand isn’t slowing down anytime soon.
I wouldn’t be shocked to see multiple expansion here too. The growth trajectory looks suspiciously similar to certain networking names that went on to triple from these levels.
Strategy (the Bitcoin Treasury Play) Gets a Reprieve
After bitcoin briefly dipped under $85,000 yesterday and scared the leveraged crowd, the largest cryptocurrency stabilized and climbed back above $94,000 overnight. That small 1% move was enough to lift Strategy shares almost 2% in premarket.
Love it or hate it, the correlation remains ridiculously tight. Until the company shows meaningful operating progress outside its treasury operations, this stock will trade as a leveraged bitcoin ETF with extra drama. Fine by me if you’re playing the swings—just know what you own.
The Not-So-Happy Campers
Not every earnings report ends with champagne.
Janux Therapeutics plunged 41% after phase one prostate cancer data disappointed the Street. Early-stage biotech—gotta love the binary risk. One day you’re curing cancer, the next you’re down 40% because response rates trailed the most optimistic forecasts.
Signet Jewelers, parent of Kay and Zales, dropped nearly 5% despite beating third-quarter revenue. The problem? Holiday quarter guidance came in light at $2.24–2.37 billion versus the $2.38 billion consensus. Jewelry is notoriously promotional during Christmas, and it seems the consumer is finally tapping the brakes on discretionary sparkle.
Upgrades That Actually Moved the Needle
- Cloudflare +3% after Barclays started coverage at Overweight with a $235 target (19% upside)
- Teradyne +3.5% on Stifel upgrade to Buy—analysts finally waking up to AI networking exposure
- Bausch + Lomb +2.9% after Morgan Stanley moved to Overweight on ophthalmology pipeline strength
- Six Flags +4.3% as Truist upgraded to Buy citing new CEO and operational focus
Funny how a single analyst note can still moves billions in market cap. Some things never change.
What This All Means for the Broader Market
Look beneath the headlines and you see two clear camps forming.
On one side: anything touching AI infrastructure—data platforms (MongoDB), connectivity (Credo), networking (Teradyne), cybersecurity (Cloudflare)—continues to print money. The capex train hasn’t even left the station yet for many of these names.
On the other: traditional consumer discretionary and early-stage biotech are hitting air pockets. The rotation out of anything rate-sensitive or economically cyclical feels real.
We’re now deep into earnings season, and the dispersion is wild. Winners are winning bigger, losers are losing harder. That usually means volatility stays elevated—perfect environment for active traders, nerve-wracking for the buy-and-hold crowd.
My take? Stay long the structural AI themes, stay nimble everywhere else. The market is efficiently pricing in who actually benefits from the next computing wave and who’s just along for the ride.
Now if you’ll excuse me, I’ve got some charts to watch when the opening bell rings in a few minutes. Some of these gaps are going to be fun.
