Steve Strazza highlights stocks showing both fundamental strength and technical momentum.
The Weekly Beat ๐
November 30, 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 itโs mega-cap leaders, niche growth stories, or the sectors most tied to the economy, weโve got you covered on what traders need to know right now.
Following a double beat, Ross Stores $ROST soared to a fresh all-time high with its best earnings reaction since 2022. In addition to the strong quarter, the management team raised its forward guidance ahead of what they believe will be a strong holiday season.
The $185B software giant, Intuit $INTU, posted a double beat and rallied 4%. Revenues soared 18% year-over-year, led by the global business solutions and consumer segments.
The $33B scientific & technical instruments stock, Keysight Technologies $KEYS, rallied 10% on the heels of a double beat. Free cash flow hit a record high of $1.3B, and the company is using it for acquisitions and share buybacks.
Analog Devices $ADI rallied over 5% after the company beat expectations across the board. Revenues increased 26% year-over-year, led by the industrial segment, which grew 46% over the same period.
Following a mixed earnings report, Dell $DELL rallied 5.8% and snapped a four-quarter beatdown streak. AI server orders and shipments reached all-time highs, with $12.3B in Q3 orders and $5.6B shipped, and $30B in AI server orders year-to-date.
The farm & heavy construction equipment giant, Deere $DE, was punished for beating expectations. Overall sales and earnings declined year-over-year, but the construction and forestry segment increased its sales by 27% year-over-year.
What's happening next week ๐
The main themes next week are technology, retail, and Canadian financials.
At the top of our radar will be Salesforce $CRM, CrowdStrike $CRWD, and American Eagle $AEO.
We'll also be watching:
The Canadian financial giants Bank Nova Scotia $BNS, Royal Bank of Canada $RY, and Toronto-Dominion Bank $TD.
One of Riley's favorite names at Godspeed, Credo Technology $CRDO.
The dollar stores Dollar Tree $DLTR and Dollar General $DG.
Discretionary names such as Kroger $KR, Macy's $M, Signet Jewelers $SIG, Five Below $FIVE, and Ulta Beauty $ULTA.
And a handful of tech stocks like Snowflake $SNOW, MongoDB $MDB, UiPath $PATH, C3 AI $AI, and Rubrik $RBRK.
There will be a ton to unpack next week in the Daily Beat.
Now, letโs dive into the top setups heading into next week.
Here's the setup in CRM ahead of Wednesday's earnings report ๐
Salesforce is expected to post $10.27B in revenue and EPS of $2.86 after Wednesday's closing bell.
Heading into the report, all eyes are on 225. This is the neckline of what has shaped into a massive multi-year distribution pattern.
The bears want to blast through this level, print fresh multi-year lows, and initiate a brand-new primary downtrend.
And as one of the world's largest software stocks, a breakdown wouldn't bode well for its peers.
Here are the past three years of earnings results & reactions for CRM ๐
Salesforce has consistently beaten headline expectations, delivering solid top- and bottom-line growth. Despite this, shareholders have been punished for three consecutive earnings reports.
This negative sentiment towards the company's earnings events confirms the bearish trend we're seeing in the technicals.
Until we see a significant change in the technicals or fundamentals, we have a bearish bias toward CRM.
Here's the setup in CRWD ahead of Tuesday's earnings report ๐
CrowdStrike is expected to report $1.21B in revenue and EPS of $0.94 after Tuesday's closing bell.
Heading into the report, all eyes are on 517. This level was resistance earlier this year before the stock broke out to fresh all-time highs.
Since then, the upside momentum has stalled, and sellers have pushed the price back below this key level of interest.
The most bullish scenario would be a gap-n-go above this level.
We think the more likely scenario is that the bears step in and drive the price lower.
Here are the past three years of earnings results & reactions for CRWD ๐
Last quarter, CrowdStrike beat expectations across the board and snapped a three-quarter beatdown streak.
However, the company has reported negative bottom-line growth in back-to-back quarters. This is a problem...
If the bulls want to experience another streak of positive earnings reactions like August 2023 to August 2024, the fundamentals will need to improve significantly.
And based on the market's expectations, that's unlikely to happen soon.
Here's the setup in AEO ahead of Tuesday's earnings report ๐
The market is looking for American Eagle to report $1.32B in revenue and EPS of $0.44 after Tuesday's closing bell.
Heading into the report, all eyes are on 20.50. This marks a key level of polarity. It was support in 2024, and it has served as resistance in 2025.
Given the setup, we wouldn't be surprised if AEO makes a gap-n-go move next week.
Here are the past three years of earnings results & reactions for AEO ๐
Last quarter, American Eagle snapped a remarkable nine-quarter beatdown streak, which was one of the longest in the market at the time.
And it did so decisively... The stock rallied nearly 40% in a vertical line.
This is all thanks to the sultry Sydney Sweeney and the "Sydney Sweeney Has Great Jeans" advertising campaign.
Next week's report comes down to denim sales. If the company delivers good numbers, we expect shareholders to be rewarded for the earnings event.
Happy Sunday!
-The Beat Team
P.S. Strazzaโs process identifies leaders before they go. If you want that edge heading into the most explosive seasonal window, now is the time to step in.
