Steve Strazza highlights stocks showing both fundamental strength and technical momentum.
The Daily Beat - November 10, 2025 π
November 10, 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
The best earnings reaction on Friday came from Expedia $EXPE, a $32B travel services stock. The company reported a double beat, resulting in a +5.95 reaction score for shareholders.
In the report, they posted revenues of $4.41B, exceeding the expected $4.28B, and earnings per share came in 60 cents above expectations.
At the bottom of the list was the $43B video game publisher best known for Grand Theft Auto and NBA 2K, Take-Two Interactive Software $TTWO. Following a double beat, the stock suffered a -5.25 reaction score.
Revenues came in $230M above expectations, but earnings per share beat by more than 50 cents.
An honorable mention goes to one of the worst stocks in the S&P 500, Block $XYZ. They missed expectations across the board, and shareholders were punished for it.
Now let's dive into the fundamentals and technicals π
EXPE has been rewarded for five of its last six earnings reports π₯
Expedia had a +17.6% post-earnings reaction, and here's what happened:
The top and bottom lines grew year-over-year by 9% and 40%, respectively.
Bookings grew more than expected at 12% year-over-year, and advertising revenue surged 16% over the same period.
In addition to the tremendous report, the management team raised its forward guidance and expects further margin expansion next year.
This was a blockbuster report from one of the largest travel services stocks in the world, and the market reaction couldn't have been much better.
This was the decisive resolution of a massive accumulation pattern. Next up is a gigantic markup phase.
Based on the past six earnings reactions, this company's fundamentals have been steadily improving. The strong fundamental uptrend supports a higher stock price.
So long as EXPE holds above 218, the path of least resistance is higher for the foreseeable future.
XYZ suffered its fifth consecutive negative earnings reaction π»
Block had a -7.7% post-earnings reaction, and here's what happened:
Gross profit increased by 18% year-over-year, driven by a 24% increase in Cash App net income over the same period.
So far this year, the company has repurchased nearly $2B of its own shares, and there's another $4B authorized by the board.
The management team also raised its forward guidance across the board.
Despite growing the bottom-line by double digits and raising forward guidance, the market hated this earnings report.
But this negative earnings reaction isn't a surprise. For more than a year, the market has punished shareholders for every earnings event. The stock has one of the worst track records in the S&P 500.
Making matters worse are the technicals: the stock decisively resolved a textbook distribution pattern with a gap-n-go. This move decisively shifted the path of least resistance lower.
So long as XYZ holds below 71.50, we expect further downside from here.
Happy Monday
-The Beat Team
P.S. The Squeeze Engine is built to see pressure build beneath the surface - before momentum erupts. Thatβs the same signal behind 6,341% and 2,578% moves this year.
