Steve Strazza highlights stocks showing both fundamental strength and technical momentum.
The Daily Beat - November 24, 2025 π
November 24, 2025
Earnings season is the heartbeat of the market - and every day brings fresh signals about where money is flowing.
With each report, we learn not just how companies are performing, but how investors are reacting.
In the Daily Beat, we spotlight the most important S&P 500 earnings moves from the prior session - the winners, the losers, and the reactions that reveal what really matters to the market right now.
Whether itβs a bellwether with broad economic implications or a niche name making waves, we cut through the noise to focus on the setups that matter most.
Here are the latest earnings stats from the S&P 500 π
*Click the image to enlarge it
At the top of Friday's list was the $56B apparel retailer, Ross Stores $ROST. The company reported a double beat, and shareholders were rewarded with a +4.18 reaction score.
In the report, they beat revenue expectations by $180M and beat earnings per share expectations by 16 cents.
Another notable beat came from Intuit $INTU, a $185B software giant. Following a double beat, the stock had a +1.25 reaction score.
Revenues came in at $3.88B, above the expected $3.76B, and earnings per share were $3.34, surpassing the expected $3.09.
Now let's dive into the fundamentals and technicals π
ROST had its best earnings reaction since 2022 π₯
Ross Stores had a +8.4% post-earnings reaction, and here's what happened:
Sales increased by 10% year-over-year, led by the cosmetics, shoes, and ladies' segments.
The operating margin has compressed by 35 basis points year-over-year because of tariffs, but this was less than originally anticipated.
In addition to the strong quarter, the management team raised its forward guidance ahead of what they believe will be a strong holiday season.
Like Walmart $WMT last week, this company absolutely crushed market expectations, and shareholders were rewarded handsomely.
These strong fundamentals aren't anything new, though... The stock has been rewarded for 11 of the last 16 earnings reports, one of the best track records in the S&P 500.
Not only was this the best earnings reaction in years, but it also completely changed the technical outlook. This was a textbook gap-n-go from a prolonged accumulation pattern, shifting our bias higher for the foreseeable future.
So long as ROST holds above 164, the buyers are in complete control of the primary trend.
INTU has been rewarded for three of its last four earnings reports π₯
Intuit had a +4% post-earnings reaction, and here's what happened:
Revenues soared 18% year-over-year, led by the global business solutions and consumer segments.
Net income surged 126% year-over-year, driven by higher margins.
In addition to the tremendous quarter, the management team reaffirmed its forward guidance.
After years of struggling, this company has reaccelerated its growth over the past year. In response, the market has consistently rewarded shareholders for the company's earnings events.
The stock broke out to new all-time highs earlier this year, but the sellers quickly stepped in, driving the price back to a key level of interest.
Since then, the buyers have returned, and they look poised to make another run at new all-time highs soon. With the price in an extremely tight coil, an expansion of volatility is likely not far away.
So long as INTU holds 630, the path of least resistance is sideways to higher for the foreseeable future.
Happy Monday
-The Beat Team
P.S. Retail earnings can create some of the fastest moves of the quarter, especially when expectations are off. Macke will highlight the stocks where that disconnect is biggest right now.
