Momentum begets momentum.

Three stocks crushed earnings recently and the market keeps rewarding them. RBRK up 27% this week. VSCO up 95% this quarter. FROG up 134% this year.

Post-earnings drift is real. Let's talk about it.

The cybersecurity data protection play is having a moment.

Up 27% this week. Trading at $91 with analysts targeting $115. That's not a typo.

The Q4 numbers were absurd. Subscription revenue crossed $1B annually (up 39% from last year). Total revenue grew 47%. They beat earnings estimates by 159%. One hundred fifty-nine percent.

Here's the thing about Rubrik: companies are terrified of ransomware. Like, existentially terrified. And Rubrik sells the "sleep at night" solution. Zero trust data security. Air-gapped backups. The whole deal.

First year of positive free cash flow too. The unit economics are finally working at scale.

Stock's running hot. But when you're growing revenue 48% quarter-over-quarter, hot can stay hot for a while.

DevOps infrastructure is boring until it isn't.

FROG has been quietly compounding all year. Up 134% in 2024. $8.2B company now. And somehow the stock is trading at $69 with a $69 analyst target. Wall Street is asleep at the wheel.

Q4: revenue up 19% to $116M, cloud revenue up 37%. Customers are sticking around and spending more.

The real story is platform adoption. Their premium Enterprise+ subscriptions now represent 54% of revenue, up from 49% a year ago. Customers spending $1M+ annually jumped 41% to 52.

Translation: bigger customers are buying more stuff.

Security products are starting to contribute too. That's the growth vector nobody's pricing in yet.

Sales growing 26% quarter-over-quarter. Beat earnings by 34%. The machine is working.

The turnaround nobody believed in.

This thing is up 151% in six months. Up 95% this quarter alone. Trading at $53 near 52-week highs.

New CEO Hillary Super is executing. Q4 same-store sales up 5%. Operating income beat expectations. Q3 was even crazier: sales up 9%, same-store up 8%. They raised guidance and the stock ripped.

Beat earnings estimates by 54%.

The intimates market was left for dead. Mall retail? Dead. Victoria's Secret specifically? Culturally canceled.

And yet.

Beauty business is humming. International up 11%. They're taking share back.

About 16% of the stock is sold short. Lot of people betting against this thing who are now underwater. That adds fuel when the stock moves up.

Analysts have a $52 target. Stock's already there. Upgrades incoming.

All three share something: earnings beats followed by continuation.

When a company surprises to the upside and raises guidance, the move often has legs. Institutions need time to build positions. Shorts need to cover. Price targets need updating.

These three are proving it out in real time.

The risk? They've all run a lot. But in a tape like this, winners tend to keep winning.

Watch for pullbacks to add. Or just ride it.