Steve Strazza highlights stocks showing both fundamental strength and technical momentum.
The Daily Beat - November 14, 2025 π
November 14, 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
Thursday's top beat came from Cisco Systems $CSCO, the $305B provider of networking equipment and software. The company beat expectations across the board, with a +4.44 reaction score.
In the report, they beat revenue expectations by $100M, and beat earnings per share expectations by 2 cents.
On the flip side, the $193B entertainment conglomerate, Disney $DIS, had a mixed earnings report and suffered a -2.96 reaction score.
The company posted revenues of $22.46B, below the expected $22.76B, and earnings per share of $1.11, above the expected $1.05.
Now let's dive into the fundamentals and technicals π
CSCO has been rewarded for four of its last six earnings reports π₯
Cisco Systems had a +4.6% post-earnings reaction, and here's what happened:
Revenues increased by 8% year-over-year, fueled by 13% growth in AI infrastructure product revenue over the same period.
The security and collaboration segments are struggling. Their revenues declined year-over-year by 2% and 3%, respectively.
In addition to the strong quarter for AI revenues, the management team issued strong forward guidance for the next fiscal year.
We highlighted this report in Sunday's Weekly Beat column, noting that the company had negative top-line and bottom-line growth in every quarter last year.
2025 has been a different story: the company has grown revenues and earnings in every quarter this year, and the market loves it. Shareholders are now being consistently rewarded for the earnings events.
In Sunday's Weekly Beat column, we also noted that the .com bubble peak is acting as a magnet for the price trend right now. After yesterday's earnings reaction, our conviction in that thesis is stronger.
But that doesn't make it a good buy here...
If and when CSCO retests 82, we expect the .com bubble bagholders to come out in droves.
DIS has been punished for five of its last seven earnings reports π»
Disney had a -7.8% post-earnings reaction, and here's what happened:
Despite revenues remaining flat year-over-year, earnings grew by 19% over the same period.
The entertainment segment was a major laggard this quarter with a 35% year-over-year drop in operating income.
The management team's guidance was exceptional. They're targeting double-digit EPS growth next year and $7B in share repurchases for 2026, double the prior year's level.
We highlighted this report in Sunday's Weekly Beat column, noting that over the past three years, the company has consistently grown revenues and earnings and beaten expectations. However, the market hasn't always rewarded shareholders for it.
This quarter was more of the same...
The stock has been carving out a textbook bearish-to-bullish reversal pattern for years and needs a catalyst to spark a brand-new primary uptrend.
So long as DIS is below 126, the path of least resistance is sideways for the foreseeable future. If and when the price closes above that level, our bias will shift to the upside.
Happy Friday.
-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.
