Steve Strazza highlights stocks showing both fundamental strength and technical momentum.
The Weekly Beat π
November 16, 2025
Earnings are the heartbeat of the market - and every week brings a fresh set of opportunities and risks. With each report, we get new information about corporate health, investor sentiment, and the sectors driving leadership (or lagging).
In the Weekly Beat, we spotlight the most important earnings reactions from the prior week - the winners, the losers, and the surprises that moved markets. Then we shift our focus forward, breaking down the biggest setups and expectations for the week ahead.
Whether itβs mega-cap leaders, niche growth stories, or the sectors most tied to the economy, weβve got you covered on what traders need to know right now.
Expedia $EXPE ripped 17.6% to a fresh all-time high on the heels of a double beat. Shareholders have now been rewarded for five of the last six earnings reports.
On the flip side, Block $XYZ cratered nearly 8% to a fresh multi-month low after missing expectations across the board. This was the stock's fifth consecutive negative earnings reaction, one of the longest beatdown streaks in the S&P 500.
The only S&P 500 earnings reaction came from one of the largest U.S. meat producers, Tyson Foods $TSN. The stock rallied 2.3% following a mixed earnings report.
TSN shareholders have been rewarded for six of the last eight earnings reports, but the technicals aren't aligned with the positive fundamental trend. The price is carving out one of the largest tops in the market.
Following a double miss, the newly formed entertainment conglomerate, Paramount Skydance $PSKY, rallied nearly 10%. This came after a textbook retest of the volume-weighted average price, anchored to the merger date between Paramount and Skydance earlier this year.
The $41B oil and gas E&P stock, Occidental Petroleum $OXY, reported mixed headline results and had a muted earnings reaction. Notably, shareholders have been rewarded for nine of the last ten earnings reports, which is one of the best track records in the energy sector.
The only S&P 500 earnings reaction came from the $74B aerospace and defense stock, Transdigm $TDG. After beating headline expectations, the stock rallied by more than 1%.
Despite this quarter's positive reaction, TDG shareholders have been punished for four of the last five earnings reports. Additionally, the technicals are confirming this negative fundamental trend, as the stock has carved out a prolonged distribution pattern.
The $305B communication equipment giant, Cisco Systems $CSCO posted a double beat and rallied 4.6% to a fresh 25-year high. The price is now on the cusp of retesting the .com bubble peak for the first time.
On the flip side, the $193B entertainment conglomerate, Disney $DIS, had a mixed earnings report and fell 7.8% in response. Shareholders have been punished for five of the last seven earnings reports as the stock has been stuck in a sideways mess for years.
What's happening next week π
Next week will be an action-packed week for earnings events. There will be a ton to unpack at the Beat Report.
At the top of our radar will be Nvidia $NVDA, Walmart $WMT, and Home Depot $HD.
We'll also be watching:
Chinese names including XPeng $XPEV, Futu $FUTU, Bidu $BIDU, and more.
The retail giants Target $TGT, Lowe's $LOW, and TJX Companies $TJX. BJ's Wholesale $BJ and Williams-Sonoma $WSM are a couple more retail names to keep an eye on.
The fourth-largest medical devices stock, Medtronic $MDT.
And the cybersecurity leader, Palo Alto Networks $PANW.
It'll be a lot of retail mixed with China. We'll be covering it all, so make sure you don't miss a beat.
Now, letβs dive into the top setups heading into next week.
Here's the setup in NVDA ahead of Wednesday's earnings report π
Nvidia is expected to post $54.83B in revenue and EPS of $1.25 after Wednesday's closing bell.
Since bottoming in April, the stock has surged nearly 150% in a vertical line. However, the upside momentum has cooled off in recent weeks.
Now, the price is in a messy consolidation, retesting a shelf of former highs that the bulls must hold to prevent a further slide.
Heading into NVDA's earnings report next week, all eyes are on 184.
Here are the past three years of earnings results & reactions for NVDA π
In early 2023, Nvidia had back-to-back face-ripping earnings reactions as the stock broke out to new all-time highs. Sure enough, these historic post-earnings moves led to the company becoming the largest in the world today.
However, in recent quarters, earnings reactions have been much less consistent, despite consistent top and bottom-line beats.
After a period of historic growth, the revenue and earnings trends have been consistently cooling down for quarters. At this point, the market is much more interested in the sustainability of the company's revenue and earnings.
We expect the market to pay much closer attention to the management team's forward guidance than the headline results. If the guidance is good, we expect the market to react positively.
Here's the setup in WMT ahead of Thursday's earnings report π
Walmart is expected to report $177.47B in revenue and EPS of $0.60 before Thursday's opening bell.
Last year was one of the best ever for the stock, and the bulls have been taking a breather all year, well-deserved digestion of gains.
We expect WMT to continue churning sideways below 105 for the foreseeable future.
Here are the past three years of earnings results & reactions for WMT π
Over the past two quarters, Walmart's revenue and EPS growth have been much slower than usual. This confirms the sideways trend we previously mentioned.
Additionally, shareholders have been punished for every earnings event this year. It seems like the market priced in all of the good news last year, and now the bulls need a new catalyst.
On Friday, the long-time CEO, Doug McMillon, announced he will step down at the end of January. Jeff Macke, our retail expert, laid out what the future of Walmart will look like without him. Check out Jeff's thoughts here.
Based on the lackluster fundamentals and technicals, we expect WMT to be punished for the fourth consecutive quarter this week.
Here's the setup in HD ahead of Tuesday's earnings report π
The market expects Home Depot to report $41.15B in revenue and EPS of $3.84 before Tuesday's opening bell.
Since peaking in early 2022, the stock has carved out a massive accumulation pattern. We think it's only a matter of time before the bulls take control of this name and blast it off to new all-time highs.
Until then, we expect HD to churn sideways below 420 for the foreseeable future.
Here are the past three years of earnings results & reactions for HD π
After years of negative revenue and earnings growth, Home Depot started growing again late last year/early this year.
Despite the return to growth, the company has missed its EPS expectations in three consecutive quarters. In other words, they aren't growing as much as the market thinks they should be.
Additionally, the market still isn't consistently rewarding shareholders for the earnings events. We believe this is due to the cooling housing market, which the company has significant exposure to.
Until housing markets pick up, we expect HD to have mixed earnings reactions and a sideways price trend.
