Steve Strazza highlights stocks showing both fundamental strength and technical momentum.
The Daily Beat - November 12, 2025 π
November 12, 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
Tuesday's top beat came from Paramount Skydance $PSKY, the $18B producer of films and TV. The company missed expectations across the board, but had a +3.05 reaction score.
In the report, they posted revenues of $6.70B, below the expected $6.89B, and earnings per share missed by nearly 50 cents, coming in negative.
Tuesday's bottom beat came from the $41B oil & gas E&P stock, Occidental Petroleum $OXY. The company had mixed headline results and a slightly positive earnings reaction. However, the reaction score came in slightly negative.
Revenues came in at $6.62, below the expected $6.75, and earnings per share beat by 13 cents.
Now let's dive into the fundamentals and technicals π
PSKY rallied on bad news π₯
Paramount Skydance had a +9.8% post-earnings reaction, and here's what happened:
Paramount+ revenues increased 24% year-over-year, with 10% subscriber growth.
The TV media segment revenues declined by 12% year-over-year due to a drop in advertisers.
The merger of Paramount and Skydance is going better-than-expected, and the company plans to accelerate its growth next year.
Since completing the merger on August 7, the stock has received a warm welcome from the market, rallying from 10 to 20.
Over the past few weeks, the sellers have stepped in and knocked the price down to the volume-weighted average price anchored to the merger.
Ahead of the report, the stock looked vulnerable to further downside, but the buyers decisively stepped in. Now, the price looks poised to retest the all-time high.
What's more impressive is how the stock reacted extremely positively to bad news. When this happens, we know investors anticipate better news in the future.
So long as PSKY holds above 15, the path of least resistance is sideways to higher for the foreseeable future.
OXY has been rewarded for nine of its last ten earnings reports π₯
Occidental Petroleum had a slightly positive post-earnings reaction, and here's what happened:
Rockies and Gulf of America assets exceeded guidance, with Gulf assets achieving the highest uptime in operating history.
The company recently announced the $9.7B sale of OxyChem to Berkshire Hathaway $BRK.B, marking a strategic milestone to accelerate debt reduction and enhance shareholder returns.
In addition to the solid report, the management team expects full-year income from the Midstream and Marketing segments to exceed original guidance.
While the chart remains messy, the fundamentals are among the strongest in the energy sector. Over the past two and a half years, the market has consistently rewarded shareholders for the company's earnings events.
And Uncle Warren Buffett agrees that the fundamentals are solid.
For now, the stock is rangebound between the 38.2% and 61.8% retracements of the prior uptrend. Until this is resolved, there isn't much to do.
Until OXY moves above 51 or below 35, the path of least resistance is sideways for the foreseeable future.
Happy Hump Day
-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.
