Steve Strazza highlights stocks showing both fundamental strength and technical momentum.
The Weekly Beat 📈
December 21, 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 on corporate health, investor sentiment, and where money is rotating.
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 to the week ahead, breaking down the technicals and fundamentals.
Whether it’s mega-cap leaders, niche growth stories, or the sectors most tied to the economy, we’ve got you covered on what traders need to know right now.
Following a double beat, Costco $COST resolved a prolonged distribution pattern. The stock is now trading at fresh 52-week lows.
The semiconductor giant, Broadcom $AVGO, suffered its worst earnings reaction ever after posting better-than-expected headline results. It was one of the nastiest beat/beat/drops we've seen all quarter.
There were no S&P 500 earnings reactions to cover, so we wrote about the apparel retail giant Lululemon $LULU. This is one of our favorite turnaround stories in the market.
After a blockbuster earnings report, the stock gapped to the upper bound of a textbook bearish-to-bullish reversal pattern. In the following trading sessions, the buyers followed through to the upside.
Again, there were no S&P 500 earnings reactions to cover, so we wrote about another one of our favorite turnaround stories in the market. The company's name is Twilio $TWLO.
After spending years in purgatory, the earnings sentiment changed in a significant way on October 31 when the stock had its best post-earnings reaction since 2020. The price is now on the cusp of entering a new primary uptrend.
At the top of Wednesday's Beat Sheet was the $26B packaged foods stock, General Mills $GIS. Following a double beat, the stock popped more than 3% for its best earnings reaction since Q3 2022.
On the flip side, the second-largest homebuilder, Lennar $LEN, posted mixed results, andshareholders suffered a -4.5% post-earnings reaction. This was the tenth consecutive negative earnings reaction, the longest streak in the S&P 500.
At the top of Thursday's Beat Sheet was the $280B semiconductor stock, Micron $MU. After posting better-than-expected headline results, the stock rallied more than 10%, snapping a 4-quarter beatdown streak.
Turning to the bearish side, the $10B financial data provider FactSet Research Systems $FDS cratered more than 7% after beating market expectations. This came after the stock had one of its worst earnings reactions ever last quarter.
What's happening next week 👇
We aren't going to lie to you; nothing is happening next week on the earnings front. It's set to be one of the quietest weeks of the entire year.
Instead of running through the technicals and fundamentals of next week's top earnings reports as we usually do, we're doing something special today.
We want to tell you about some of our favorite earnings reports of this season.
From October 16: Prologis $PLD crushed the market's expectations and had its best earnings reaction of the 21st century. During the quarter, the company leased a record 62 million square feet, bringing the portfolio occupancy up to a staggering 95.3%
From October 22: General Motors $GM had posted a double and soared to a fresh all-time high on the heels of its best earnings reaction ever. U.S. electric vehicle sales hit a record 67,000 units, giving them 16.5% of the total U.S. EV market. In addition to the blockbuster report, the management team increased its forward guidance across the board.
From October 29: Alexandria Real Estate $ARE missed headline expectations across the board and suffered its worst earnings reaction ever. Coming as a major surprise to the market, the company reported a net loss attributable to common stockholders. This is one of the biggest disasters in the S&P 500!
From October 30: Caterpillar $CAT blasted to a new all-time high on the heels of a double beat. This was the stock's best earnings reaction of the 21st century. The company posted record sales numbers, up 10% year-over-year. Additionally, their backlog reached a record $39.8B, growing $11.2B year-over-year.
From November 18: After suffering a brutal multi-year downtrend, SolarEdge $SEDG has flipped its technicals and fundamentals higher. This is one of our favorite turnaround stories in the market.
From November 25: Two of our favorite healthcare stocks in the world, Intuitive Surgical $ISRG and Globus Medical $GMED, had blockbuster earnings reports. The market responded with the best earnings reaction ever for GMED and the best since 2014 for ISRG. We believe these are two of the hottest secular leaders in the healthcare sector.
From December 2: Last quarter, MongoDB $MDB had its best earnings reaction ever, ripping almost 40% in a single session. This quarter, MDB posted another big double beat and rallied more than 22%. The market is telling us loud and clear that it loves what this company is doing.
From December 3: American Eagle $AEO is, without a doubt, the hottest turnaround story in the entire world. After being punished for a remarkable nine consecutive earnings reports, the stock had its best earnings reaction ever on September 4. Then on December 3, the company crushed the market's expectations again, and the stock gapped above a shelf of former highs with another historic earnings reaction.
From December 11: Photronics $PLAB isn’t a name most investors think of when discussing semiconductors, but it should be. The company just posted one of its largest double beats ever, and the market rewarded shareholders with the best earnings reaction of the 21st century. PLAB is now on the cusp of resolving a textbook .com bubble base.
These are the earnings reactions that stood out to us this quarter.
We hope you enjoyed this special edition of the Weekly Beat!
-The Beat Team
P.S. Steve Strazza and Kenny Glick went LIVE on Thursday to discuss how they take advantage of the market being rigged.
