Stock Movers

Grindr Buyout Proposal Signals Potential Upside

"Grinder. uh up about 19% in today's session, up as much as 28% earlier in the session. Um company proposing uh a proposing stakeholders submitted a non-binding proposal to buy all of the outstanding shares. We've been kind of expecting this of the company's common stock that they do not already own for 18 bucks a share, stock closing at 515 and change."

The speaker outlines a non-binding buyout proposal for Grindr, noting substantial intraday gains and a target offer of $18 per share. This corporate action is seen as a catalyst that could unlock significant value for shareholders.

Mixed Outlook on Intel Amid Lingering Challenges

"All right, let's get to Intel. Man, I just barely making it with this one. It was up 7.7% earlier in the session. uh intraday finishing the day with just a gain of .3%. But I got to say initially we felt like investors were feeling a little bit more upbeat about the Intel story and maybe some of the turnaround uh happening uh upbeat forecast focused uh though uh investors kind of shifting their focus from maybe the turnaround to saying there's still some lingering challenges."

The speaker comments on Intel's intraday performance, noting initial optimism about a turnaround that has since dampened due to persistent challenges. The sentiment remains mixed as investors reassess the company’s prospects.

Ford Surges on Anticipated Supply Catalyst

"check out shares of Ford man on fire today. up the most in 5 years, up 12%. What are you >> bad choice of words? >> It’s doing well today. >> You know, I’m a little tired on this Friday. Okay. Um investors snapping up shares of Ford today, up 12% uh up the most in five years, more than 5 years. Company expecting its Nollis's aluminum factor, key supplier to Ford, as we know, to resume production as soon as late November and ramp up uh through the year end, earlier than initially expected. So listen, this is a big deal."

The speaker highlights Ford's strong performance with a 12% surge, attributing the rally to an anticipated restart of production at its key aluminum supplier, which could benefit the F-150 production. This commentary hints at a bullish outlook based on a near-term catalyst.

Netflix faces headwinds amid earnings tax dispute

"yeah, I mean, we talked through two names in the green. Let's talk about one that ended in the red. This is Netflix, ticker NFL, the third biggest decliner in the S&P 500, shedding more than 8% this week. It lost 10% on Wednesday after, of course, we know its earnings revealed a tax dispute with Brazil, which cut into its third quarter earnings. Of course, this is a company where a lot of investors are used to upside surprises here. So, this was definitely uh drag on the company this week. And of course, this really just raises broader growth concerns for investors that are used to positivity here for the stock. But shares of Netflix still up at 23% this year."

The segment reviews Netflix's disappointing performance, highlighting an 8% decline driven by a 10% drop on Wednesday, which was attributed to a tax dispute with Brazil affecting earnings. Broader growth concerns are emerging despite a 23% year-to-date gain.

Warner Bros. Discovery poised with acquisition interest and strong weekly gains

"Moving on to Warner Brothers Discovery. It's >> this one. This one is a good one. I forgot that this was a big story this week. I mean, it really was. It was a big story. It feels like so much has happened this week. I had to dial back a few days, but this is among the top performers this week, rising 16%. And of course, this comes after an 11% surge that we saw on Tuesday. And this is after the company said that it's considering a possible sale after unsolicited interest from, of course, what we know to be multiple companies, including Netflix. Netflix and Comcast, both saying that they could be potentially interested in this company."

The commentary emphasizes Warner Bros. Discovery's strong market performance with a 16% weekly gain and notes potential acquisition interest, which could unlock valuable intellectual property and further catalyst the stock.

General Motors surges on profit guidance and tariff relief

"Let's start with General Motors. That's ticker GM. This is the second biggest performer that we saw in the S&P 500 behind Intuitive Surgical. And we did see the stock gaining 19% this week. This is all after 15, right? Insane. 15% surge on Tuesday of this week. That's really what's propelled the stock higher. This is after the automaker raised its profit guidance on buoyant truck sales and of course a dose of tariff relief. I mean we've been talking about Ford a lot this week as well."

The discussion highlights GM's strong weekly performance driven by profit guidance improvements, buoyant truck sales, and tariff relief, noting a 19% surge overall and a remarkable 15% jump on Tuesday.

Weak Forecasts Drag Deckers (DECK) Shares

"So, Deckers, ticker deck, we're seeing shares down on pace to close at the lowest level in almost two years, falling as much as 15%. This is because the company reported a weak 2026 sales forecast. We were even seeing, of course, we know this is the owner of Uggs and Hoka as you mentioned here. But we are seeing peer holdings falling as well in sympathy and analysts are really saying in terms of Deckers here that the outlook may be conservative particularly coming from management here. They're saying that this reflects management's cautious view on US consumer spending amid tariff driven price hikes. So not that great right now. I mean especially year-to-date if you look at shares of Deckers down 56%."

The speaker explains that Deckers is facing significant headwinds with shares falling up to 15% intraday and a 56% drop year-to-date, driven by a weak 2026 sales forecast and a conservative management outlook on US consumer spending impacted by tariff-driven price hikes.

IT Glitches and Disappointing Results Weigh on Alaska Air (ALK)

"Let's go to the air and see what's going on. Yeah, not a pretty picture here, at least for Alaska Air. That's ticker Alk. We're seeing shares falling for the lowest level since April, down as much as 6.7%. And this is after it reported a worse than expected third quarter results. But not only that, they also cancelled hundreds of flights due to an IT outage. And we know that this is the second outage that the company has dealt with in terms of an IT glitch in the past 3 months. So of course you are seeing the street really reacting to this. Shares down about 5.8% right now as we speak. But year-to-date stock is down about 32%."

The speaker outlines negative developments at Alaska Air, highlighting IT outages and poor quarterly results that have pushed the share price to its lowest level since April and a 32% drop YTD. These operational issues and disappointing performance are causing strong market reaction.

Positive Momentum for Ford (F)

"I'm looking at shares of Ford. This is the biggest gainer in the S&P 500 right now. That's ticker F. Keeping it easy for us there. Seeing its best day in almost four years. This is a company really signaling that it'll largely bounce back next year from a devastating fire that we did see at one of the key suppliers that of aluminum for its F-150 pickup truck. Of course, the company also talking about a profit beat here and a boost to production more generally. So, we are seeing shares up for double digit gains right now. But if you look on a year-to-date basis, shares of Ford are up about 41%. So, looks like it's a great day to be a Ford shareholder today."

The speaker discusses Ford's strong performance, noting it is the biggest gainer in the S&P 500 with a nearly four-year best day and a significant 41% YTD increase. Commentary highlights a forthcoming rebound expected next year after a supplier fire and a profit beat along with boosted production.

Palantir Partnership Boosts Growth Narrative

"Palunteer. So this is a stock that's really been on a tear. Up about 143% so far this year and today we're seeing a gain of as much as 3.2%. This is after the company launched the fact that it's going to be having a new partnership with Lumen Technologies. This should support more AI services. Lumen has agreed to spend more than $200 million on Palunteer software over the period of several years. In hopes to better manage and operate its networks and services. We are seeing shares of Lumen which is ticker LUMN up about 4% right now as we speak. But Palanteer um clearly gaining as well."

The segment underscores Palantir's explosive performance with a 143% rally year-to-date and highlights a major new partnership with Lumen Technologies, which is expected to drive further AI services growth.

Ford Shares Jump Despite Caution

"On fire indeed. We are seeing shares of Ford jumping as much as 10%. The best day since 2022. This is after the company reported a profit beat and a boost to pickup truck production here. Uh, but we did see the company talking about an up to $2 billion profit hit. This, of course, we know coming after a fire at a key supplier of aluminum for its F150 pickup truck. So, that's something that investors are still continuing to parse, but nonetheless, we are seeing shares up more than 10% as we speak and year to date gaining about 37% here."

The commentary notes Ford's significant intraday gains driven by a profit beat and production boost, tempered by concerns over a potential $2 billion profit hit due to a supplier issue.

Intel Turnaround Optimism

"Well, let's dig into shares of Intel. We did see Intel hitting its highest level since August of last year now pairing up about 510 of a percent. But this of course after the company reported an upbeat revenue forecast. They're really citing demand for personal computers here. And we are seeing the company returning to profitability for the third quarter. So this is really sparking optimism for a turnaround story here."

The speaker highlights Intel's turnaround potential bolstered by an upbeat revenue forecast and a return to profitability in Q3, indicating growing optimism despite mixed Wall Street ratings.

Deckers Outdoor Faces Pressure on Sales Guidance and Brand Diversity

"This is Decker's Outdoor. It's DEK down as much as 12%. Really taking a hit to who this company is, they're the owner of Hoka running shoes, the UGG boots that are all over my house. But it was a miss on sales guidance. So, remember we were just talking about Proctor and Gamble, right? People spent on their goods, but they kind of held back on the footwear, the pricey footwear. Maybe, you know what, I'll hold on to those UGG boots another year, you know, and I won't buy another one this year. Bloomberg Intelligence is saying their forecast could be kind of conservative if the momentum continues. They said Hoka has some room to grow into a multi-billion dollar brand. But for UGG, they said for long-term success, they need more product diversity. They need a better seasonal mix. They kind of need to shake things up. And you saw it when they came out with the UGG sneakers. Everybody went crazy."

Deckers Outdoor (DEK) is under pressure with shares down 12% following a miss on sales guidance. The commentary contrasts consumer spending trends on essentials versus discretionary footwear, noting concerns over product diversity and the need for a refreshed seasonal mix in brands like UGG. Bloomberg Intelligence suggests cautious potential for growth if momentum builds in certain segments.

Proctor & Gamble Shows Resilience Amid Price Increases and Earnings Beat

"Proctor and Gamble. Okay. Ticker PG. Uh, their shares have been up more than 2%. Better than expected sales. Revenue earnings per share beat expectations. So, what was big for them? It was beauty. It was grooming. Like, you know, they have secret deodorant. I have to invest in Yes, I know. That's that's the beauty part of it. Yes, you have to. Uh, but the interesting thing is that they raise prices in all of their business divisions except for baby, feminine, and family care. And consumers paid the higher prices."

The discussion notes that Proctor & Gamble (PG) delivered better than expected sales and earnings, with shares up over 2%. The commentary emphasizes product segments in beauty and grooming, highlighting strategic price increases driving results. Despite some mixed elements in pricing strategy, the overall message remains positive.

Intel Makes a Comeback with Gov Investment and Profitability Return

"We are at ticker INTC. It shares have been up as much as 7%. So, it's making some progress on this comeback. It's had a really tough year. Um, there were concerns over whether Intel can manufacture products that pull in customers again. So, the good news, it returned to profitability, gave an upbeat revenue forecast. Uh, fourth quarter sales, they're roughly 13.3 billion, just below Wall Street's estimates, but some analysts still including revenue from a unit that Intel just spun off. Uh, money that wasn't part of the company's forecast. But this all this good news though it comes after Intel secured an investment from the go US government that we know about who won backing from companies like Nvidia and Soft Bank. So investors really like those deals and they send Intel shares up 90% this year."

The transcript highlights Intel (INTC) showing signs of recovery, noting a recent 7% share increase, return to profitability, and a positive revenue forecast despite a challenging year. The government-backed investment is seen as a catalyst for renewed investor confidence, contributing to a strong rally with shares up 90% year-to-date.

Alphabet Secures a Major Cloud Contract, Boosting Confidence

"Alphabet shares up 1.4%. Now, this comes after a confirmation that Google Cloud has got a big new contract. Anthropic has confirmed that is teaming up with Google Cloud in a deal that could be worth billions of dollars. This is something that we reported earlier this week, but we now have got confirmation from the anthropic side that they intend to use Google Cloud capacity in order to train and serve the next generation of their cloud LLM models. And they'll give given an access of more than a gigawatt of extra capacity in this deal. So, Google shares outperforming the Mag 7 this morning on the back of this confirmation, up 1.4%."

Alphabet is receiving positive momentum following confirmation of a major new contract for Google Cloud, which is expected to provide substantial additional capacity and further propel its stock performance.

Deckers Outdoor Facing Downside Due to Cautious Consumer Outlook

"Now, there are some stocks in the red this morning, including uh Deckers Outdoor after earnings. I guess investors are saying UGG. Yes, they are. Deckers, the maker of Hoka running shoes and UGG boots, as you mentioned, is in the red, down 13%. They did lower their guidance and the company is saying they are seeing some effects of tariffs on the US consumer. The CFO said that Deckers expects consumers to act increasingly cautious over the next few months and that of course includes the key holiday season. So they are expecting a cautious consumer ramping up into the holiday season which is not great uh for Decker's outlook and the shares are down 13%."

Deckers Outdoor is under pressure following an earnings report that lowered guidance amid concerns over the impact of tariffs and a cautious consumer outlook heading into the holiday season, as reflected by a 13% decline in shares.

Ford Production Rebound After Earnings Beat

"Also in the green after earnings, Ford is up over one over 4% in the pre-market trade. They did beat on profit and investors were excited to hear they do have plans to boost back their F-150 and super truck production as it plots a rebound from a fire that took out a key aluminum supplier earlier this year that did hamper sales of its very highly profitable F-S series of pickups. On the back of that fire, they did cut their guidance, but it does seem to be that investors are comforted that they do have a rebound plan in order to get production back online. I mean, the CEO also had some pretty decent things to say on tariffs, saying the impact is looking more reasonable for the company. So, Ford up higher after this beat on profit, up 4%."

Ford is receiving upbeat commentary due to a profit beat and a clear plan to rebound production following a supply chain disruption, which has boosted investor confidence.

Intel Rebound and Comeback Commentary

"Intel shares in the green up nearly 8% on the back of earnings, which showed that they have returned to profitability. They also gave an encouraging forecast after seeing the PC market rebounding. It is suggesting that this chipmaker is making progress in a long and challenging comeback attempt. Now, it seems like it is on the right track, but it's also been on the right track ever since that US government uh stake had made it one of the worst performing chip stocks into one of the best. Intel shares are up some 90% year to date and possibly today we can make that 100% with this pre-market move of Intel up 7.9%."

The commentary highlights Intel's earnings success and turnaround, noting a significant rally and a positive forecast which emphasizes its comeback after past underperformance.

Accor Benefiting from Improved Guidance and Cost Savings

"And meanwhile, AOR shares gaining after the hotel year's guidance was increased. Yeah, RA's guidance this morning essentially on the back of cost savings. They've been simplifying a lot of their portfolio. There was also a host of other positive news alongside their earnings. So, they issued a new buyback that's 100 million euros for the fourth quarter. They also might list their lifestyle brands portfolio that has been touted before, but they've confirmed that this morning. And this was all with their third quarter earnings, coming in line with estimates with quite positive comments about their current trading."

The segment on Accor focuses on a series of positive catalysts including increased guidance, cost savings, and a new 100 million euro buyback initiative. Despite potential weaknesses in some markets, the overall message is upbeat as shares have risen, indicating improved investor sentiment for the hotel portfolio.

GSK Faces Sales Concerns Despite Regulatory Approval

"So when you first look at it, seems like positive news. So US regulators have approved GSK's blood cancer drug that's called Blendre. So they can obviously now bring that medicine to the US, which is the world's biggest pharmaceutical market that they had pulled the drug in 2022. There were questions about how effective it was, but now they can now bring that back to the market. But as you say, shares are dropping. They're dragging the Footsie 100 this morning in London. This is because despite being approved there are a lot of caveats that have come with that approval. The eligibility pool of who can use it is smaller than expected."

The discussion around GSK centers on its newly approved blood cancer drug, Blendre, which marks an important regulatory milestone. However, investors are cautious as the approval comes with restrictions, notably a limited eligibility pool, leading to concerns about the drug's commercial potential and dragging share performance.

Strong NatWest Earnings Signal Positive Momentum

"Indeed. Yeah, investors are seemingly very happy. Shares are soared to a 15-year high this morning on the back of that. So, as you say, their third quarter results, beating estimates across the board really on a number of metrics. So, taking pre-tax profit for example, it was 30% higher than last year. And this is their highest earnings in at least a decade. So, a strong set of results essentially benefiting from higher interest rates."

The commentary highlights NatWest's robust third quarter performance, with a notable 30% increase in pre-tax profit from last year and a 15-year high in share price, driven by higher interest rates and an ongoing digital transformation. It underscores a positive earnings surprise that boosts investor sentiment.

Amazon Leverages AI to Enhance Shopping Experience

"One that I find super interesting today, up as much as about 1.3%. But this is after Amazon said it is rolling out a new AI powered tool that will recommend a specific product when shoppers are feeling overwhelmed. So, this is made essentially for the indecisive. Apparently, if you're spending way too much time clicking through different products, it's supposed to hop in there and start recommending some to narrow it down for you."

The discussion covers Amazon's recent announcement of a new AI-powered tool aimed at streamlining the shopping process. The new feature is designed to help consumers by recommending products when they are overwhelmed by choices, suggesting a potential catalyst for the stock given its innovative approach.

Tesla Under Pressure Amid Production and Recall Concerns

"the first MAG 7 name to report was Tesla and the stock is down. Yeah, lots going on today. I mean, profit plunge. This was all despite a record quarter of vehicle sales here. This is really just underscoring the ongoing strains that we've really seen on the automotive business uh that of course we know is owned by Elon Musk here. And we do know that he also came on the call toward the end saying that he wanted investors to essentially back his trillion dollar compensation package. So we he was really pleading there with investors those on his earnings call here. Uh but we are seeing shares of Tesla ticker TSLA down about 2 and a.5% but earlier down as much as 5.7% for its worst day since July. And we know that this comes after yesterday when the news came out that it was recalling almost 13,000 of its EVs over risk of battery power loss."

The segment highlights Tesla's recent challenges including a profit plunge and a significant recall of EVs due to battery issues. Despite strong vehicle sales in the prior quarter, these operational strains and investor pressures, including calls for backing a large compensation package, point to near-term headwinds.

Negative Guidance and Accounting Concerns at SMCI

"Looking at shares of Super Micro Computer, that's taker SMCI. We're really seeing what was once a fan favorite here, reporting uh an unexpectedly issuing a first quarter guidance that fell short of the streets estimates here. Of course, you know, the stock is still up about 61% year to date. But this is among the worst performing stocks in the S&P 500 right now, down as much as 7.6% here as people really just parse this unexpected uh delivery here. And also, we do know that the company's really been working to recover from some of its accounting concerns since it missed an August 2024 deadline to file its annual financial report here."

The commentary notes that SMCI has reported disappointing Q1 guidance and is facing accounting issues, including a missed filing deadline, despite strong year-to-date gains. This mixed performance and recent negative news highlights considerable short-term risk.

IBM Struggles with Disappointing Revenue and Slowing Growth

"I also want to go down to IBM cuz their shares have really been taking a hit down more than 7%. Disappointing revenue was a key issue. There were two critical software categories, including their closely watched Red Hat unit, that investors consider vital for growth. The third quarter sales in their hybrid cloud unit increased by 14%, which was a slowdown from the previous period and came in below estimates, leaving investors not happy."

The speaker points to IBM's revenue disappointments and slowing growth in key software and cloud segments, particularly regarding the Red Hat unit, contributing to a bearish sentiment among investors.

T-Mobile Impresses with Subscriber Growth and Positive Outlook

"T-Mobile ticker TM US. Sharers have been kind of back and forth, but it basically gained about a million new mobile phone subscribers and raised its outlook for the year. This success was bolstered by the recent acquisition of US Cellular, which added about four and a half million customers, and further helped by the Apple iPhone 17 release. They expect to add as many as 3.3 million wireless lift subscribers and around 130,000 fiber home internet customers for the year."

The commentary on T-Mobile highlights strong subscriber gains driven by both organic growth and strategic acquisitions, with an improved outlook supported by the launch of the iPhone 17, indicating a bullish sentiment toward the company.

Tesla Faces Earnings Headwinds Despite Record Sales

"TSLA down nearly 4%. So, here's the thing. It was a record quarter of vehicle sales, but profit fell. That extended the string of weaker than expected profit to four quarters in a row. There was a 40% drop in operating profit while expenses soared 50% to 3.4 billion in the quarter with tariff costs exceeding $400 million for Tesla. I don\'t think it\'s about being a car company anymore; he\'s trying to get them to focus on all the other things."

The speaker highlights Tesla's declining profitability despite record sales, noting significant drops in operating profit and soaring expenses, which leads to a bearish view on the company as its core automotive business appears neglected.

Dow Chemical Commentary

"Dow shares are up 11% now. Dowo Chemical. Exactly. Your ticker is DW operating a bedab beat the average analyst estimates as volume rose. Analysts said they saw upside driven by packaging and specialty plastics. However, they noted that the backdrop for commodity chemicals remains weakened. I think you know this is a very important name to go back to the credit concerns because this is one of the industry that those credit investors are watching very closely after the auto industry because it has been for some uh under pressure for some times battered by many headwinds like weak demand tariffs and capacity constraints. Uh well so far Dow provides uh sort of a uh a good result there that should allay some of those concerns. This is a name where sentiment has been very negative. If you look at the stock is down 45% uh this year, so it can definitely use some good news this morning."

The segment on Dow Chemical highlights a mixed performance with shares up 11% on strong volume and better-than-expected results, driven by packaging and specialty plastics. Yet, underlying sector headwinds and a 45% decline over the year underscore ongoing credit concerns, leaving investors cautiously watching for a turnaround.

Lending Club Trade Call

+1.01%current return

"Tatiana, you're also looking at LC Lending Club. Lending Club. So the peerto-peer lender posted earnings that beat expectations and its guidance for origination was ahead of estimates. Those shares are up 15%. ticker is LC and the solid results earned the company an upgrade from JP Morgan to overweight. So the stock now has nine buys and two lonely holds and no sells. Uh and you know importantly their originations rose 37% yeartoyear. So investors like that but it almost makes you wonder you know what stands behind this sort of rush into into loans and borrowing. But at the same time importantly they provided more disclosure on their provision for credit losses which fell year-over-year and we're below estimate."

The discussion centers on Lending Club’s strong earnings beat and upward guidance on loan originations, which helped propel the shares up by 15%. An upgrade from JP Morgan to overweight along with favorable credit loss disclosures signals strong investor interest and a positive outlook for the stock.

Tesla Company Commentary

"Well, kicking it off with Tesla down 3% today as profits missed despite a record quarter of sales. So, a beat on sales better than expected cash flows. But operating expenses soared 50% to $3 billion in the quarter that almost matches the amount of free cash flow that they generated, which goes to show that the company isn\"t immune to the rising cost that we see in the auto industry due to President Donald Trump uh tariff policies. But most importantly, it also shows that the company is heavily spending on its robotic and AI initiatives."

The commentary notes that Tesla is down 3% due to missed profits despite strong sales, highlighting concerns over rapidly escalating operating expenses and significant investments in robotics and AI. The speaker underscores uncertainty about near-term growth drivers, given the high spending and reliance on emerging technologies.

IBM Faces Revenue Disappointment Despite Past Success

"I also want to go down to IBM because their shares apparently taken a hit, down more than 7%. Disappointing revenue. There were two key software categories, including their closely watched Red Hat unit. And if you're wondering what is that Red Hat? So that basically helps customers manage their data applications among different types of computing equipment. But the investors see those categories as critical to growth, and they didn't see the growth. So investors were not happy with that. And the stock, you know, it's been up 30% this year so. Part of it was due to that Red Hat, which was an acquisition they made, I don't know, ten years ago maybe."

The discussion around IBM points to investor disappointment with the company's revenue performance, particularly in its software segments like Red Hat, despite past successes and a 30% run in the stock this year.

T-Mobile Subscriber Growth and Market Dynamics

"Okay, T-Mobile to take your time. U.S. shares have been kind of back and forth, wavering back and forth. So it basically gained about a million new mobile phone subscribers. It raised its outlook for the year. It was all kept afloat because it had that recent acquisition of U.S. Cellular and it absorbed about four and a half million customers from that. What also helped drive new subscribers, the analysts are saying it's the Apple iPhone 17 release in September. People wanted it and so they kind of traded in, went to that and they expect to add as many as 3.3 million subscribers for the year, about 130,000 fiber home Internet customers. But I've been talking about this big battle between them, AT&T, Verizon, where are you going to go? It comes down to price. I'm actually going to start shopping around."

The speaker details T-Mobile's robust subscriber gains and improved outlook, boosted by acquisitions and the iPhone 17 launch, but also hints at market uncertainty amid competitive pricing pressures, signaling a need for investors to closely evaluate its positioning.

Tesla Earnings Show Core Business Struggles

"So we'll start with Tesla. TSLA down nearly 4%. So here's the thing. It was a record quarter of vehicle sales, but profit fell. That extended the string of weaker than expected profit to four quarters in a row. Now, on the earnings call, Elon Musk, he spoke about a few things. One, he talked about humanoid robots, he talked about A.I. programs. He also talked about self-driving technology. He asked investors to back his trillion dollar compensation package, too. But what he really failed to touch upon in what we're saying is that how Tesla is going to revive its core business of selling EVs. And they didn't get that there was a 40% drop in operating profit. So that was the issue there. Their operating expenses soared 50% to 3.4 billion in the quarter and tariff costs exceeding $400 million for Tesla."

The commentary highlights Tesla's disappointing earnings performance despite record vehicle sales, focusing on a 40% drop in operating profit and a 50% surge in expenses, with the speaker criticizing Elon Musk for not addressing how to revitalize the core EV business.

Honeywell Beats Earnings with Aerospace Momentum

"Well, this is telling us the key theme that aerospace commercial aerospace is doing very well this quarter. Honeywell up 4 and a.5% raised its fullear outlook and reported earnings that beat expectations boosted by the company\"s aerospace unit ahead of a planned breakup in the middle of next year. It plans to spin out its aerospace and automation business. Now this conglomerate houses aerospace building technologies, safety technologies and performance materials. But these results from Honeywell were really the latest to highlight the momentum for commercial aerospace manufacturers. We had positive news from GE Aerospace and RTX earlier this week. So really following along with the trend there. Now sales at Honeywell\"s aerospace unit jumped 15% in the most recent quarter."

Honeywell delivered strong earnings driven by its aerospace unit, raising its outlook and underscoring the robust momentum in the commercial aerospace sector ahead of its planned spin-off.

Quantum Computing Stocks Surge on Federal Funding Speculation

"And on the flip side we\"re seeing a lot of action in quantum computing stocks. Some of those names are seeing a big spike this morning. Yeah, they\"re very volatile but they\"re all volatile in the green direction this morning. Ion Q up 10%, Regetti up nearly six. D-Wave up 10%. This is all in the back of a Wall Street Journal article that the Trump administration is exploring equity stakes in these companies in return for federal funding."

Quantum computing stocks, notably IonQ which is up 10%, are experiencing a surge amid speculation that the Trump administration might acquire equity stakes in return for federal funding, highlighting a potential growth catalyst.

IBM Revenue Concerns Amid AI Slowdown

"IBM shares feeling underwhelmed this morning, down 6.7% in pre-market trade. Disappointing revenue in a key software category. Now, this is tied uh to the AI trade. Their their unit called Red Hat, the hybrid unit. Uh Wall Street was very excited about it because it\"s mainly a cloud services division of IBM. There was a slowdown in sales and that has sparked concern among investors. Third quarter sales for this hybrid unit uh increased 14% which is a slowdown from the previous period and below the analyst average estimate around 16."

IBM is facing challenges with its revenue performance, particularly in its hybrid unit tied to AI, as a slowdown in sales has raised investor concerns.

Tesla Earnings Impact

"Tesla shares in the red, as you mentioned, disappointing investors on their operating income, their operating profit. The shares are down 3.3% in pre-market trade. Now, it was due to a huge factor of rising costs, which undermined their record vehicle sales for the quarter. Their operating profit sank 40% versus a year ago. They\"re also their revenue when it comes to regulatory tax credits was down dramatically and will be an ongoing issue moving forward on the back of the shift away from green funding from the Trump administration."

Tesla is experiencing a significant decline in operating profit and regulatory credit revenue due to rising costs despite record vehicle sales, suggesting near-term challenges for the stock.

Rentokil Posts Solid Q3, Signaling a Turnaround

"Yes. The pest control firm, which uh I always like to talk about. Cheery. Exactly. Slightly different, but it's actually it's it's it's a blue chip in in London and it's leading the Footsie 100 this morning. So huge gains. As you say, this is on the back of their third quarter of results. They had better than expected revenue driven by their US business and the rest of their business, you know, globally also came in quite well. It was quite quite solid uh earnings from them. Quite a shot in the arm really that their stock hasn't really gained much at all this year and that follows on from three straight years of of declines in their stock. So, a shot in the arm this morning um with those gains signaling, you know, they're getting back on track. They're in the right direction. They maintain their fullear outlook. So, a glimmer of of uh of light for the pest control firm Rent."

The discussion on Rentokil highlights its strong Q3 performance, with better-than-expected revenue driven by its US business and solid global results. The commentary notes that after years of decline, the recent gains provide a much-needed turnaround signal and reaffirm the company’s full-year guidance.

DASO Faces Pressure Amid Weak Q3 Growth Trends

"and shares moving in a dramatic way in the other direction. DASO system in France dropping by the most since 2002 now down almost 17% in Paris. Indeed trading at their lowest since April 2020. They lowered their fullear revenue forecast. This is on the back of analysts are noting third quarter growth trends are weakening. Um you know one of the key problems here is is there they're struggling really with the migration to subscriptions. This is obviously the their software firm. um there was a bigger guidance cut than was expected. Uh so it's essentially kind of raising concerns about growth. Um analysts also noting that you know, the stock is at a valuation discount to peers. Um and they're also on top of that kind of delivering below average growth. So they're saying that they need better financial messaging and improvements in the execution to close that gap with peers. So disappointing guidance cut there."

The segment discusses DASO's significant decline of nearly 17%, attributed to weaker Q3 growth and struggles with subscription migration. Analysts flag a disappointing guidance cut and stress the need for improved financial messaging and execution to address valuation and growth concerns.

Volvo Cars Shows Inflection Point with Strong Q3 Results

"So, they had their third quarter earnings and essentially better than expected profit, but what it really indicates is that they're benefiting from fast than expected cost savings. The CEO has been undergoing a wide restructuring and this is really starting to make an impact. So, he's pushing to rebuild profits, cutting thousands of jobs as a result of that. And analysts are saying it's a clear inflection point, a clear inflection point and it singles out V Vol Volvo cars from its competitors. So good news, a move forward and analysts are noting, you know, now that there seems to be an inflection point. The focus now will be on momentum, pricing pressures, supply chain developments. So to continuing that push forward as I as you say shares really soaring this morning"

The commentary highlights that Volvo Cars has posted better-than-expected Q3 earnings with significant cost savings emerging from its restructuring plan. Analysts view this as an inflection point that positions Volvo ahead of its competitors, with further focus on momentum and operational factors.

ST Micro Guidance Signals Chip Sector Caution

"Yeah absolutely. So Micro is down this morning because it provided guidance that missed expectations. Um which kind of signals that the recovery in the chip industry is maybe not progressing as well as it was hoped. So that follows the update that we had earlier this week from Texas Instruments which is a US company in that sector as well and there and Texas Instruments said that uh customers were pulling back on orders because of trade tensions and because of a quite a shaky economy and that the industrial and automotive and markets for that chip se sector were particularly weak. So obviously it's dealing with a lot of challenges at the moment."

The segment on ST Micro emphasizes that its guidance missed expectations, contributing to a decline in its share price. The missed guidance reflects broader challenges in the semiconductor industry including weak orders amid trade tensions and economic uncertainty, particularly affecting the industrial and automotive sectors.

Volvo Profit Beat Drives Surge

"And I've got to ask you about Volvo because I spoke to the CEO earlier and the shares are up 31 and a half%. He seemed optimistic but it seems he really needed to be. Yeah, absolutely. It's a massive massive jump as you just said. That's because it reported profit that was much higher much much higher than analyst expectations and then the margin also improved quite massively and we had a big beat on margin as well and that was down to cost cutting initiative. Volvo announced a few months ago that it was cutting 3,000 jobs and that is starting to kind of feed through into the profit starting to have a positive impact on the company."

The discussion on Volvo centers on its impressive profit beat and margin expansion driven by significant cost cuts, including a 3,000-job reduction. This has led to a remarkable 31.5% surge in share price, suggesting strong near-term momentum despite underlying challenges.

Kering Recovery Commentary

"Yeah absolutely and that is because the sales in the third quarter fell by much less than analysts had expected including at the Gucci business which was obviously the most important one for caring and this was actually the first set of results under the new CEO who was hired to kind of lead caring to recovery and turn things around and it seems like he's doing a pretty good job so far. So de demand recovered quite well in North America. Sales also improved in China. Obviously those are two of the most important uh luxury markets. We are still in negative territory. We were still talking about a sales drop overall. But analysts are now kind of seeing a way out of that. So some predict a return to growth as soon as early 2026."

The commentary highlights Kering's Q3 performance where sales dropped less than expected, particularly in its Gucci division, under the guidance of a new CEO. Despite an overall sales decline, improvements in North American and Chinese markets and expectations for growth beginning in early 2026 provide a cautiously optimistic outlook.

Southwest Airlines Posts Surprise Profit Amid Policy Change

"Third name is Southwest, ticker LUV. So stock is rising more than 5% in postmarket trading. They posted a surprise adjusted profit. So at least we're ending on a good note. So, the good news was boosted by fees from its new policy of charging passengers for bags. Maybe it's not good news for us and expected record operating sales in the fourth quarter. So, the company earned 11 cents per share versus an estimated loss of 3 cents. I always just find it fun when the estimation is a loss and then you post a gain. So, the stock is up fractionally for the year through Wednesday close, but tomorrow it will probably see a pop."

The insight highlights Southwest Airlines's surprise profit driven by a new fee policy, contrasting with analyst expectations of a loss. The mention of potential near-term upward movement (pop) reinforces a bullish outlook, supported by the company's broader turnaround initiatives.

IBM Revenue Disappoints Despite Software Optimism

"IBM shares are also down by more than 4% in post market the company reported disappointing revenue in Red Hat. So this is a closely watched unit and of course it sparked concerns among investors who see that the software business is among the key to the company's growth. So sales in the hybrid cloud unit which includes Red Hat increased 14% which is a slowdown from the previous quarter and below estimates of 16%. The CFO Jim Kavanagh still said they feel very good about the growth opportunities and as context CEO Arvin Krishna has pushed for software to become IBM's largest business especially as their consulting unit is kind of shaky. So stock is down now but the stock has gained 31% this year through the close."

The commentary on IBM focuses on a disappointing revenue report for its Red Hat unit, with hybrid cloud growth coming in below estimates. Despite this, IBM executives express confidence in future software-driven growth, highlighting an internal pivot away from a troubled consulting unit.

Tesla Earnings Miss Creates Caution

"So, we can talk about Tesla first. Shares are down 2% in extended trading. So, the company posted third quarter profit that fell short of expectations. This is despite record EV sales. So, you know, again, this underlines the pressure that automakers like Tesla are facing with rising costs and just a lot of shifting policies from this administration. So, adjusted earnings were 50 cents a share. Analysts expected 54 cents on average. Revenue though outpaced expectations, 28 billion dollars. So, Tesla sees the results hinging on the broader economic environment. So, it's really looking a little shaky for them, but who knows? They're ramping up production for key products."

The insight highlights Tesla's earnings miss despite record EV sales, emphasizing increased pressure from rising costs and policy shifts. The discussion notes that while revenue beat expectations, the lower-than-expected profit and overall shaky outlook add caution for investors.

IBM Q3 Earnings Beat with After-Hours Weakness

"All right, IBM crossing the Bloomberg terminal. Here's the red sticky. The number that jumps out. Third quarter revenue folks slight beat 16.33 billion versus an estimate of 16.1 billion. Software revenue of 7.21 billion came in in line with expectations and fiscal year free cash flow guidance was also above estimates. However, a quick check shows the stock is down three and a half percent in the aftermarket."

The IBM update reveals a slight beat in Q3 revenue and software revenue meeting estimates, alongside an upward revision in free cash flow guidance. Despite these positive fundamental results, the stock has reacted negatively in after-hours trading, indicating potential concerns among investors.

Netflix Decline Amid Tax Dispute Concerns

"Let's talk about Netflix. Down 10% today. Biggest decline going back to April of 2022. Is after we learned about a tax dispute with Brazil cutting into third quarter earnings."

The speaker notes that Netflix fell 10% on the day, marking its steepest decline since April 2022 due to a tax dispute with Brazil. This commentary flags a potential catalyst impacting third quarter earnings, suggesting caution for investors.

Tesla Q3 Earnings Analysis

"My apologies, Tim. Adjusted EPS in the most recent quarter for Tesla coming in at 50 cents a share. The street on average was looking for 54 cents. Revenue did come in above estimates though at 28.1 billion. So, a beat on the revenue side, a slight miss on the EPS side. For cash flow, well above what the street was looking for, 3.99 billion in free cash flow versus an estimate of 1.25, which is almost four times the expectation. Gross margin and operating income were close to estimates, yet the stock is still kind of deciding what to do with this information."

The discussion on Tesla centers on its Q3 earnings where revenue and free cash flow beat expectations significantly while adjusted EPS came in below consensus. This mixed set of results has left the market uncertain about the stock's short-term direction amid concerns over valuation and regulatory factors.

Intuitive Surgical Outperformance Commentary

"Yeah, right. Big pressure, lots of pressure. Uh having said that, uh Intuitive Surgical definitely an outperformer, guys. Top in the S&P and NASDAQ. Uh the robotic surgery company, you know them well, finishing the day just shy of a 14% gain. Uh the company did boost its uh worldwide Da Vinci procedure growth forecast for the year. So you know I used one of those once. I know. We're so glad. I mean I didn't personally use it but I was used on me. Yeah, and I guess it went well."

The speaker highlights Intuitive Surgical as a top performer, noting its nearly 14% gain and an upward revision in its worldwide Da Vinci procedure growth forecast. The commentary provides positive catalyst details and reinforces the company’s strong performance in the robotics surgery sector.

Beyond Meat's Volatile Rally and Retail Catalyst

"one more ticker for you. BY ND, Beyond Meat. This one, man, if you've been watching it the last few days, just uh on fire. It was up more than 112% at one point during today's session. Right now there is just about a gain of about 7/10en of a percent. So it's bounced uh way lower and that's after 146% uh move to the upside on Tuesday and a gain of about 127% uh on Monday and then 24% higher on the Friday before. So it's been on a tear up more than a,000%. But the bouncing around, I mean it just hearkens back to those meme stocks that we've talked about. But we should point out that after the bell on Tuesday, the company said it will increase the availability of some of its plant protein products at over 2,000 Walmart stores. So, uh, the other thing is the rally we've seen, maybe traders are covering some of their bearish bets."

Beyond Meat (BYND) has experienced extreme volatility recently, with massive intraday surges followed by sharp pullbacks. The speaker notes that while the stock has rallied significantly over the past few days, the erratic price action may indicate traders covering bearish bets, despite positive retail expansion news with Walmart.

Netflix Earnings and Tax Dispute Concerns

"Netflix taking a hit down about 9.9% right now. This after the company said yesterday that there was a tax dispute with Brazil that cut into thirdarter earnings. It raised growth concerns among investors. Operating income came about $400 million below the company's forecast and analyst estimates. Revenue failed to beat Wall Street estimates, too. And then last night on the earnings call, Ted Sarandos, the co-CEO of Netflix, uh I don't know, is it fair to say he ruled out purchasing Warner Brothers Discovery? It sounded like he did. He did, but there's always a butt. There's always a butt. I mean, maybe he'll maybe he'll go for the studio portion of it. We shall see."

The Netflix commentary centers on its recent earnings miss, tax dispute in Brazil, and cautious outlook as indicated by co-CEO Ted Sarandos. The discussion reflects significant downward pressure with operating income and revenue underperforming forecasts, causing growth concerns.

Intuitive Surgical Outperformance

"I got to talk about ISRG. We're talking about in uh intuitive surgical, the maker of the Da Vinci surgical robot. Yeah, this one it is uh outperforming in a big way. I was just double checking because it is a top performer, number one gainer in the S&P 500 and NASDAQ 100. That stock as we speak right now is up about 14%. It was up as much as 19% intraday, but right now with a gain of more than 14%. Uh the company boosted its worldwide Da Vinci procedure growth forecast for the full year. It's all about that. So more people using that's a good thing for the company."

The speaker highlights Intuitive Surgical (ISRG) as a top performer that has surged by around 14% intraday, driven by an upgraded worldwide growth forecast for its Da Vinci surgical robot. The commentary underscores strong operational performance amid prior stock pressure.

Netflix Under Pressure Over Tax Dispute

"Netflix can't skip that one. Ticker NX. We're seeing shares down the worst performing stock in the S&P 500 here. Down as much as 10% in trading. And this is the worst day since December 2022. This of course after the company said that a tax dispute with Brazil cut into its third quarter earnings. You're seeing a lot of people really digging into the details here. But that is definitely creating a drag here on the stock as you're seeing Wall Street really just trying to dissect what's going on here."

The commentary focuses on Netflix (NX) experiencing its worst trading day since December 2022, driven by a tax dispute with Brazil impacting third quarter earnings. The negative sentiment is highlighted by a 10% drop in shares and intense scrutiny from Wall Street.

Intuitive Surgical Beats with Upgraded Forecast

"Intuitive Surgical is ISRG. That's a ticker there. This is a medical equipment company. Also, some earnings here of course as we're kind of parsing earnings season right now. The company uh boosted its worldwide Da Vinci pro procedure growth forecast for the full year. This essentially is a procedure that involves a robotic arm here that they use um during these surgeries. And so they did boost the forecast for growth there for the full year. And you are seeing shares on a tear. Biggest gainer in the S&P 500 today. And it's up for its best day since 2009. Shares up as much as 19%."

The speaker highlights upbeat earnings news from Intuitive Surgical (ISRG), noting an upgraded forecast for its Da Vinci procedure growth. The commentary underscores the strong market performance with shares up 19% and being the S&P 500's biggest gainer for the day.

Beyond Meat Volatile Rally Amid Retail Hype

"Well, lots going on in the market today. So many earnings to parse, but I wanted to start off with the meme stock here. We're looking at uh Beyond Meat, which is ticker BY ND. We're seeing shares jumping as much as 112% in today alone. This is the highest intraday since August of last year. But if you look over the past four trading days, we've seen the stock surge more than,300% over the past four days here. This all due to the fact that there has been a lot of chatter online. There's a Dubai based real estate developer that developer that's really been touting the stock and you're seeing a lot of the retail traders running rushing to the stock trying to pour money into it. But of course, we did see short interest that was up more than 60% at the end of September. So, it's a bit interesting to see right now whether or not this is actually people covering their positions here or just a traditional rally here."

The speaker outlines the extraordinary intraday and four-day performance of Beyond Meat (BYND), highlighting extreme volatility driven by online chatter and retail trader enthusiasm coupled with significant short interest. The commentary raises questions about whether the rally is driven by short covering or a genuine market move.

Texas Instruments Weak Outlook Amid Macro Uncertainties

"Yeah, there you go. Texas Instruments, well that's a name I haven't heard in a while. >> Yeah, and shares are not doing well this morning. So, Texas Instruments sticker TXN, those shares are down just over 6% at the moment because we did get uh an outlook update from them. So, they're saying that uh the current period forecast uh is raising questions over whether this recovery in chips is sputtering because they say that uh the EPS EPS outlook for the current period is going to be below estimates. Topend revenue outlook just slightly above the average forecast. and their CEO Hav Haviv Alam saying that their industrial customers are taking a quote wait and see approach when it comes to their factory expansion plans because of the macro backdrop. As we know there are tariffs in play here that could potentially be um affecting those investment plans."

The commentary on Texas Instruments (TXN) notes a subdued market response with shares down over 6% following a cautious outlook update. The company cited below-estimate EPS guidance and a wait-and-see stance from its industrial clients, potentially due to macroeconomic headwinds and tariffs.

Tesla Pre-Earnings Outlook with Mixed Market Reaction

"Absolutely. Scarlet. So that stock not moving too much today. So ticker TSLA that's down just about 0.3% but it is the second day of losses. So a lot of expectations of course for the third quarter earnings after the close. They're expected to actually report a solid set of results uh primarily because we did see uh the record deliveries figure earlier this month. But of course that is because of uh potentially customers taking advantage of this tax credit that $7500 that uh people can use toward purchasing an EV vehicle that is expiring or has already expired. And so you know there was a rush to get those vehicles before that deadline. So, question is, can the deliveries be sustained, right? Or is it just kind of a one-off thing? Um, >> I would make the call. It doesn't matter because Elon's going to get on the call. He's going to try to redirect you away from the fact that he's an auto company. >> Shiny white thing over here. >> It's the robo taxes and you know what? He nobody does it better than he does and and his investor base is happy to make that play."

The discussion on Tesla (TSLA) centers on the pre-earnings environment as the stock shows little movement despite being on a second day of losses. The focus is on record deliveries bolstered by a tax credit-driven rush, although questions remain on whether these results are sustainable.

Beyond Meat Rally Driven by Meme Stock Dynamics

"We got to take a look at Beyond Me, Paul. I mean, >> Tom Keane, we were not allowed to talk about Beyond Me. We can talk about it to our heart's content over here because that stock is roaring. Uh so Beyond Me ticker B Y ND earlier actually it was halted because of the volatility but before it was it rose as much as 73%. Now that stock is trading again and it is currently up 60%. It's just been a crazy rally like nearly 4 days up nearly 1300%. And it started on Friday. Started on Friday because there was a business insider report that apparently there is a trader who's been touting the stock on social media and that kind of just gave rise to the meme stock feeling of it all. So it is the latest darling of that movement and the theory is that now that rally is being juiced by all these traders who previously were heavily short on the stock now trying to cover their shorts. uh because 64% of the shares available for trading had been sold short at the end of September. That's a lot of shorts to cover and that's why we're seeing this uh gang busters rally today."

The speaker highlights Beyond Meat (BYND) experiencing a wild rally fueled by meme stock dynamics and short covering, noting extreme volatility and rapid gains over the past few days.

Netflix Faces Downside from Tax Dispute Despite Strong Engagement

">> One more slip in here. 30 seconds. One more. Netflix, NFLX. Okay, so they had strong programming. I mean, K-pop Demon Hunters. We can't go wrong, right? Um, record subscriber engagement, beat him free cash flow, but the shares are down about 7% because of this multi-year tax dispute with Brazil. going back to 2022, it cut into its third quarter earnings. They had to pay about $619 million to settle it. So, that's the bad news for them. But there's also, you know, other news, possibility of mergers, acquisitions because of that free cash flow money. Um, could say they may buy some of Warner Brothers Discovery. That's what Bloomberg is reporting. But we shall see."

The speaker notes that Netflix delivered strong programming and subscriber engagement with robust free cash flow, yet shares dropped 7% due to a significant tax dispute settlement. They also hint at future M&A possibilities, creating a mixed outlook.

AT&T Beats Subscriber Expectations Despite Competitive Headwinds

">> We'll go to AT&T ticker T. Um this is the smallest Yes. of the big three US wireless providers. It shares are up about 1% so the big news is that it added more mobile phone home internet subscribers this summer than analysts thought they would. um also picked up new customers for that fixed wireless internet service it has called internet air. Um so if you want the numbers about 405,000 new mobile phone customers in the third quarter they had this heavy promo push, right? They were pushing this new customer guarantee. They promised things like a better network reliability, better customer service, the best smartphone deals. Um revenue just fell short of estimates, adjusted earnings per share, they came in uh in line, but it's really those those numbers um the subscriber numbers that they were touting. It just I mean the churn in the wireless business is brutal. It's so competitive here. I've never changed my wireless."

The speaker highlights AT&T's better-than-expected subscriber addition, emphasizing strong promotional efforts and customer acquisition in a competitive market, while noting revenue came in slightly below estimates and acknowledging the harsh churn environment.

Avoid Beyond Meat Amid Extreme Rally Volatility

+40.98%current return

"Okay, ticker B Y N D the plantbased burger sausages. You love them, Tom. Okay, so the shares doubled in pre-market trading boosting 4day rally to almost 1300%. So it has like this mimi is mimi a word I don't know but I'm going with it. Um so following the story so if you remember back Friday right it began to rally then it picked up steam on Monday. Business insider said there was this trader who had been talking about the stock on social media. Then Bloomberg is saying the momentum really picked up because you had the bearish traders covering their bets against Beyond Me. You had Roundhill Investments adding Beyond Me to its RoundHill meme stock ETF. >> So what I do cuz I've had it twice and didn't like it. What I do, they're going to probably send us a case of Beyond Meat now. Punishment."

The speaker reviews Beyond Meat's extreme pre-market rally and accompanying hype from social media and ETF inclusions, but then clearly states a personal negative stance based on past experience, implying an avoidance recommendation.

Beyond Meat Experiences Meme-Driven Surge

"Beyond Meat, these shares are doubling in the pre-market. It really has gotten silly. Um they essentially went from 50 cents four days ago to now $7.40 per share in four sessions which is a spike of 1300%. Now the original spike on this week was on the back of a social media frenzy. It got added to yesterday after Walmart announced that it will increase the availability of Beyond Meat products in its stores. And this all comes after a very heavy dilution of shareholders after a debt swap last week. So, it's gone to a penny stock to now $7.20, doubling in the pre-market."

Beyond Meat shares have experienced an explosive surge driven by social media buzz and increased distribution from Walmart, despite recent shareholder dilution and erratic price movements.

Mattel Suffers Amid Tariff Uncertainty

"Mattel down at 6.4% sales dipping as tariff uncertainty has delayed some customers orders. North America sales declined 12% from last year. Nathan, the CEO says though the customer's orders are delayed. They're not necessarily cancelled, and they are expecting a boost in fourth quarter sales."

Mattel is trading lower due to tariff-related delays affecting customer orders and a significant year-over-year decline in North American sales, though management hints at a rebound in Q4.

Texas Instruments Forecast Disappoints

"Texas Instruments is down 7.7% in the pre-market. This is the biggest maker of analog chips. They gave a disappointing forecast for a second quarter in a row. It's just adding to concerns that the turnaround for the analog chip sector is sputtering. The CEO saying customers are still in a wait and-see approach to their chip demands, to their capital expenditures as tariff uncertainty continues to slow down business decisions. They highlighted particular weakness in autos and in their China business."

Texas Instruments reported a disappointing Q2 forecast, with weak demand in autos and China, attributed partly to tariff uncertainties and cautious customer spending.

Netflix Faces One-off Tax Headwind

"Netflix down 6.5%. Nathan, a surprise $600 million tax dispute with Brazil cut into its earnings, which meant its operating income came in less than expected. Executives were quick to say they don't expect this issue with Brazil to have a meaningful impact on quarters to come. It was just a one-off charge. But outside of this, the earnings looked pretty decent."

Netflix reported a 6.5% decline due to a one-off $600 million tax dispute in Brazil, though management reassured investors that the issue is isolated and future quarters should remain strong.

AT&T Earns a Pre-market Beat

"What did we get from AT&T this morning? It was a decent beat for AT&T. Shares are up 2.8% so far in the pre-market. The wireless provider added more mobile phone and home internet subscribers than expected after what was a heavy promotional push in the quarter. They did miss just slightly on revenue, but AT&T added that the full earnings per share would land in the upper range of their previous guidance."

AT&T delivered a beat in its earnings with better-than-expected subscriber growth despite a slight revenue miss, suggesting a positive near-term outlook.

ITV Faces Downside After Stake Reduction

"ITV plummeted to its lowest since April after Liberty Global, its largest stakeholder, sold a roughly 5 percent stake for £135 million. Liberty Global, which had invested in ITV back in 2015, has seen its stake diminish as ITV shares have fallen about 70 percent since then. They are divesting as part of an active portfolio management process focused on scale-based investments, making the likelihood of any potential takeover even more remote. We\'ll be watching that closely."

The report outlines a significant bearish development for ITV as its largest stakeholder, Liberty Global, reduced its position amid substantial share price declines. This move underscores the increasing challenges and diminished market confidence in ITV, further reinforced by ongoing takeover speculation turning less likely.

Adidas Impacted by Currency Headwinds

"Shares fell as much as about 5 and a half percent this morning and they\'re down about 20 percent year to date. Adidas had its third quarter results where revenue came in slightly shy of estimates, weighed down by foreign exchange movements that proved to be a large headwind. Even though the market reacted negatively, Adidas raised its operating profit forecast, citing brand momentum, which was already expected by analysts."

Adidas is experiencing selling pressure largely driven by significant currency headwinds affecting its quarterly revenue, despite a positive revision in operating profit guidance based on brand momentum. The earnings news is already largely priced in, leaving little room for a market turnaround in the short term.

UniCredit Earnings Fail to Impress

"Indeed. However, despite that, it is among the worst performers in the stock 600 banks index. This is their third cause results. As you say, higher profit, higher revenue, net income, their key metric, beat estimates, but essentially this is failing to impress investors. Instead, they're focusing on the lower net interest income and the prospect of higher bank taxes in Italy. Analysts are questioning the quality of that beat, noting that while earnings were solid, they weren\'t enough to excite the market. It\'s also worth noting they didn\'t upgrade their guidance, underscoring the challenge for the CEO in boosting execution at Uni Credit."

The commentary highlights that although UniCredit beat on earnings metrics, the performance failed to excite investors due to concerns over declining net interest income and potential higher bank taxes. The absence of guidance upgrades further casts a shadow over future prospects.

Muted Recovery Dampens European Chip Makers Like ST Micro

"And of course, we've got our eye on the European chip makers, the likes of ST Micro. Given the West Texas Instruments outlook that came out, ST Micro down 2.7%. Is that the only reason? Uh, well, it seems like ST Micro and also the semi-infin to those chip makers that are exposed to the industrial and automotive chip sector because their peer over in the US, West Texas Instruments, provided quite a disappointing forecast and then said that the recovery in those end markets was slowing down. So the key takeaway for those European chip makers is that you know the industry is in recovery but it's quite a muted recovery, and that muted rebound is dragging down those shares in ST Micro and Infinian even as the talk about the AI boom has led to some bullishness in the broader semiconductor sector."

The speaker discusses how European chip makers such as ST Micro are under pressure, with ST Micro falling 2.7% following a disappointing forecast from its US peer. While there is a recovery in the semiconductor industry, it remains muted, particularly in the industrial and automotive segments, which is negatively impacting these stocks.

Barclays Benefits from Earnings Beat and Share Buyback

"So that on L'Oreal Barclays though has announced a narrow earnings beat and also this 500 million pound share buyback. Investors seem to be viewing that fairly positively. Yeah, absolutely. So actually upgraded its guidance for net interest income as well and announced that it is now going to move towards quarterly share buybacks. Of course, it had to almost quadruple the provisions related to the motor finance redress program and booked a 110 million pound credit impairment charge, but overall the market reaction has been positive."

The commentary highlights that Barclays has posted a narrow earnings beat coupled with a 500 million pound share buyback and an upgrade of its net interest income guidance. Despite some headwinds such as increased provisions and a credit impairment charge, investors have reacted positively to the news.

L'Oreal Shares Weighed Down by Disappointing Q3 Sales

"Yeah, absolutely. So, yeah, L'Oreal Shaza you say are getting hit quite hard this morning because of those disappointing sales for the third quarter and that was due primarily to a lot of weakness in the US market. So, one of the key problems is that L'Oreal is really overexposed to the makeup category in the US and that is a category that has been struggling lately and consumer demand in the US is quite weak just generally. Um there's signs however of improvement in China where it saw quite good demand for the more high-end side of those beauty products. But that really wasn't enough to offset that drag from the US. And the CEO also was quite cautious about China saying that analysts should not get too excited because one good quarter does not mean that there's a trend there."

The speaker explains that L'Oreal's shares suffered due to disappointing third-quarter sales, largely because of overexposure to the struggling US makeup category. Although there were signs of recovery in China, these were not enough to counterbalance the weakness in the US market, and the CEO remains cautious about interpreting isolated positive results as a trend.

Weak Demand Signals at Philip Morris (PM)

"Okay. So, if we're staying on the like Americana theme, like you're in your pickup trucks smoking a cigarette, but maybe people in those pickup trucks are not smoking the cigarettes as much because Philip Morris, their stock fell today. Wall Street is skeptical of their fullear forecast. While the heated tobacco unit volumes were strong, cigarette volumes were slightly below estimates. Ultimately, the company lowered its estimate for growth and operating income due to higher investments in the US rolling out its Zen nicotine pouches, which seems to be dampening core cigarette demand."

The discussion regarding Philip Morris (PM) underscores concerns as the stock fell up to 10% during the session and finished down 3.8%. Despite a beat in heated tobacco unit volumes, the dip in cigarette volumes and a lowered forecast for growth due to investments in new nicotine pouches signal potential struggles in sustaining core demand.

GM Rally Driven by Record High Sales and Tariff Relief

"General Motors. GM, ticker GM, was up to a record high and finished the day up 15%, trading at about $66 a share. Their outlook boost came from better-than-expected pickup truck sales and fresh relief from the Trump administration's tariffs on auto parts. The company even noted a jump in sales of high margin gas powered SUVs and trucks, underscoring their strong market position."

The segment highlights GM's impressive rally, marked by a 15% increase driven by record high sales, particularly in high-margin pickup trucks and SUVs, aided by tariff relief. This underscores a bullish outlook on GM's operational rebound in the auto sector.

Tax Dispute Lifts Concerns at Netflix (NLX)

"That's right. So Netflix, ticker NLX, down about 5% right now in the post market. The revenue forecast missed estimates with a projection around 45.1 billion, falling in the midpoint of their previous range. Then they mentioned a tax dispute with Brazil that cut into third quarter earnings, marring results that otherwise aligned with Wall Street expectations. The streaming company had to pay $619 million to settle a multi-year dispute, and they noted they would have beaten forecasts if not for that expense."

The commentary points out challenges for Netflix as its post-market price drops by 5% due to a miss in revenue forecasts and an unexpected $619 million tax settlement in Brazil. This tax dispute negatively impacted earnings, raising concerns despite otherwise solid performance figures.

Positive Consumer Play in Capital One Financial (COF)

"Capital One Financial ticker COF up almost 4% in the post market. The earnings were pretty good. They beat on third quarter adjusted EPS and net revenue up 54% year-over-year. And this is an important company to watch because we get a little bit of a read on the consumer. They have a big consumer-facing arm even though they're a financial stock and also they had one of the biggest deals this year by acquiring Discover Financial. The CEO noted that the integration continues to go well."

The speaker highlights that Capital One Financial (COF) is showing strong post-market performance with an almost 4% increase driven by robust earnings and a major acquisition of Discover Financial. This positions the company as an important proxy for reading consumer trends.

Mattel Outlook Clouded by Tariff Uncertainty and Delayed Christmas Orders

"Mattel reporting uh their earnings just crossing the Bloomberg terminal. Investors don't like it. Down about 14%. Let's go right to the outlook. Uh company still sees fiscal year adjusted EPS of a buck 54 to a dollar uh 66 a share. Estimate is a $161. They still see fiscal year net sales at constant currency up 1% to up 3% and fiscal year adjusted gross margin of about 50%. The company says sales dip as tariff uncertainty delays Christmas orders and that's not a good good thing to hear because you know how much the holiday season is so important to this company."

The transcript details Mattel's earnings outlook, noting a significant 14% drop in its share price and concerns over delayed Christmas orders due to tariff uncertainty. Although the company maintains its EPS and gross margin guidance, investors remain wary given the criticality of the holiday season for sales.

Texas Instruments EPS Miss Leads to After-Hours Drop

"Another miss when it comes to third quarter EPS missing estimates coming in at a $148 in the third quarter. The consensus had been for $149. When it comes to fourth quarter revenue, the guide is for $4.22 billion to $4.58 billion, with the average coming in at the low end below the estimate. You can see Texas Instruments shares down about 4% in the after hours trade."

The commentary outlines that Texas Instruments reported an EPS miss, with third quarter EPS at $148 against a consensus of $149, and fourth quarter revenue guidance pointing to the lower end of estimates. This led to a roughly 4% decline in after-hours trading, reflecting investor disappointment with near-term earnings performance.

Netflix Earnings Hurt by Tax Dispute Expense

"Our own Lucas Shaw out with his first take on earnings. Uh writing that a tax dispute with Brazil cut into third quarter earnings at Mars results that otherwise fell in line with Wall Street estimates. Uh Netflix had to pay about $619 million to settle a multi-year tax dispute with Brazilian authorities going back to 2022, but the company said it would have beaten forecasts if not for that expense. Shares down just about 5.75%."

The segment highlights that Netflix incurred a significant tax expense of approximately $619 million due to a multi-year dispute with Brazilian authorities, which negatively impacted its quarterly earnings. The commentary notes that without this expense, Netflix might have outperformed forecasts, as evidenced by its roughly 5.75% share decline in after-hours trading.

Airbnb Delays Chat GPT Integration

"Airbnb actually said, "Not quite yet. We're actually not ready to partner up at this point." Its CEO, Brian Chesky, said that he didn't integrate his company's online travel app with Open AI's Chat GPT because its connective tools quote aren't quite ready yet. Uh, Airbnb will monitor the development of Chat GPT's integration and may consider a tie-up in the future."

Airbnb is currently holding off on integrating Chat GPT into its online travel app, with CEO Brian Chesky stating that the necessary connective tools are not ready. The company plans to monitor developments and may reconsider a partnership in the future, suggesting a cautious approach regarding AI integration.

Zions Bancorp Beats Earnings Amid Fraud Loss

"Zions today reported that its profit actually topped analyst estimates despite a $50 million loss from an alleged fraud to a commercial real estate investor group in Southern California. Their earnings were pretty solid. They reported $222 million worth of net income today. Uh just beating forecasts Monday rather. also charging off $56 million of bad loans for that alleged fraud. Last week, Zions had reported a credit loss of $50 million out of $60 million caused by that commercial real estate portfolio."

Zions Bancorp delivered strong earnings that beat analyst estimates despite a notable fraud incident and charge-offs. The report emphasized robust net income while acknowledging recent credit losses, reflecting mixed signals for investors.

Coca-Cola Beats Expectations

"And lastly, CocaCola. Yes. Let's look at a bit of the consumer space. Not sure if you guys are avid drinkers of Coca-Cola, but we did see Coca-Cola beating expect. Okay, there you go. Well, they beat expectations. Clearly, maybe you are a contributor here, but Coca-Cola, ticker KO, posting thirdarter sales growth that beat expectations here. They had organic revenue growth of 6%, adjusted earnings per share, also outpacing expectations. And this is all kind of due to the price hikes and the low sugar drinks. It seems as though a lot of customers are snapping up these drinks based off of those different propelling factors here."

The speaker reports on Coca-Cola (KO) outperforming expectations with strong third-quarter sales and organic revenue growth of 6%, attributed to price hikes and the popularity of low sugar drinks. This indicates robust consumer demand and improved financial performance for the company.

Warner Bros Discovery Strategic Alternatives

"Looking at shares of Warner Brothers. This is uh ticker WBD here. Soaring as much as 12%, that's for the highest level since 2022. But the news here being that the company said it started a review of strategic alternatives to maximize shareholder value in light of unsolicited interest that has received from multiple parties for both the entire company and Warner Brothers here. And it was earlier reported that Netflix and Comcast are among the interested parties here."

The segment discusses Warner Bros Discovery (WBD) reaching a 12% surge, its highest level since 2022, amid a review of strategic alternatives. The review is in response to unsolicited interest from multiple parties, including Netflix and Comcast, which could unlock shareholder value.

GE Aerospace Postive Outlook

"Looking at GE Aerospace, that's ticker GE. Shares are up as much as 4.6%. We are seeing a strong showing from a lot of these aerospace and defense companies. This is after GE Aerospace raised its full-year outlook for the second quarter in a row here. The company citing strong air travel demand. And of course, we know this has really just been a high-flying stock this year. A lot of Wall Street pouring money into it. Shares are up about 85% year to date, but it really is that rebound in global air travel and the rising demand for maintenance and new engines."

The speaker highlights GE Aerospace (GE) performance and its improved full-year outlook due to strong air travel demand, noting a significant year-to-date increase of 85%. This commentary underscores how the rebound in global air travel and demand for maintenance is driving the stock.

RTX Upside On Earnings and Backlog

"Yeah, exactly. And we're also going to keep an eye on a stock of RTX trades under the ticker RTX, formerly known as Rathon, right now up 9.7% on pace to close at its own all-time high. The company is talking about their strength for earnings and a robust backlog as management called it. Revenues are better than analysts were expecting with notable upside for their jet engine division according to Vertical."

The discussion on RTX highlights its 9.7% gain and record close potential, underpinned by strong earnings performance, a robust backlog, and impressive revenue figures particularly driven by its jet engine division. This positions RTX as a noteworthy defensive play in the current market environment.

Coca-Cola Sugar-Free Demand Boost

"Bailey, you also have some good news from Coca-Cola. Apparently the sugar-free ones are doing pretty well for the company. The sugar-free ones are doing well. The diet sodas are also doing well. Coca-Cola, ticker KO, right now up just under 4%. This came after the companya0organic sales growth came in stronger than Wall Street was looking for, with analysts noting that premium pricing and consumer willingness to pay for flagship products are driving growth."

The commentary highlights that Coca-Cola, ticker KO, is up nearly 4% driven by strong organic sales, particularly in its sugar-free and diet soda segments. Despite some product category weaknesses, the ability to raise prices and brand strength appears to be bolstering investor optimism.

General Motors Record Performance Commentary

"Yeah, I want to start with the best performer in the S&P 500. That is General Motors, ticker GM, right now up 14%. Best day since uh March 2020 and on pace to close at an all-time high. The company rallying after it boosted its full earnings per share guidance well above what Wall Street was looking for. We saw management talk up the fact that they are dialing back their investments in EVs, seeing strong demand for trucks and other vehicles along with price increases to pass along those costs."

Billy discusses General Motors, noting its 14% rise and record-closing pace following a robust earnings guidance and management's decision to reduce EV investments while benefiting from pricing power and tariff mitigations. This strong performance and leadership commentary highlight GM's momentum.

3M Raises Profit Forecast Amid Turnaround

"Uh, let's do Post-it Maker 3M. Uh, huge portfolio of stuff. And I guess the conglomerate model that we've always talked about like you know GE maybe that's dead and buried but anyway the raising the profit forecast for the second straight quarter. The CEO there Bill Brown uh he's in the middle of a turnaround effort. Looks like it's kind of paying off. Uh the improved outlook suggests uh the alien company remains on track in the face of global tariffs and also unsteady demand for the company that we used to know in the market."

The speaker highlights that 3M is raising its profit forecast for the second consecutive quarter, crediting CEO Bill Brown and a turnaround strategy. The commentary notes that despite global tariffs and a change in historic demand, the company's improved outlook suggests it is on track, offering encouraging investor sentiment regarding 3M's prospects.

Philip Morris Ups Guidance on Smokefree Products

"Next, Philip Morris nudging up uh the bottom end of its outlook for the fiscal year off the back of strong demand for smokefree products, including the Zin nicotine pouch. Uh, somebody's going to explain that to me. The company expects full ear adjusted earnings uh between 746 per share and 756. Uh the low end of the range, 3 cents higher than the previous guidance. Third time this year the company's raised its forecast. Um driven primarily by the popularity of the no smoke pouches."

The speaker describes Philip Morris elevating its full-year adjusted earnings guidance by 3 cents, citing strong demand for its smokefree products like the Zin nicotine pouch, and notes that this is the third forecast revision in the year. This upward adjustment is seen as a positive indicator for the company's near-term performance.

Hologic Leveraged Buyout Announcement

"This is the medical device maker based up I think it's Marbor Massachusetts anyway and all that. So we've been reporting for the better part of a year there's interest Blackstone and TPG uh they were interested in Hologic. We first said that back in May. Uh and back then the approach was rebuffed. Well last month they had re-engaged. At least that's what our reporting and now yeah it's official. Blackstone TPG. They're going to pay uh $79 up to $79 a share uh for Hogic. And uh yeah, classic leveraged buyout here."

The speaker reports that Blackstone and TPG have re-engaged with Hologic after earlier rebuffs, and are set to pay up to $79 per share in a definitive leveraged buyout deal. This announcement highlights the continuing M&A activity in the healthcare sector.

Zions Bank Rebounds Amid Regional Credit Concerns Abating

"And uh finally, it's been regional bank earning season that's been shaky to say the least. What can we say about Zans? Zion shares are trading positively this morning, up one and a quarter%, basically scrapping back all of their losses from the fall last week on these regional banking credit worries. So, these worries continue to abate. The stock uh has had a a very strong two-day rebound, but they had some pretty results, pretty solid results out uh out after the bell yesterday. The CEO said that the issue of last week was an isolated situation. and even the chief credit officer said that they've gone through the loan portfolio, haven't found any other issues, and they've also hired external parties to continue reviewing the loan. So, it does seem like a lot of positivity uh in regional bank Zion shares up one and a quarter%."

Nathan outlines the rebound in Zion shares following recent regional banking credit worries. Management comments, including insights from the CEO and chief credit officer, suggest that prior issues were isolated, supporting a cautious yet positive sentiment for the stock.

Coca-Cola Beats Expectations With Solid Earnings

"And we have earnings just crossing the Bloomberg terminal from CocaCola. It looks like um beats all around just from my cursory glance. Well, a pretty solid reaction in the share price. Coca-Cola shares are up 1 and a4%. Comparable thirdarter EPS came in at 82 cents which was a beat versus estimates around 78. The market is looking for an update on its uh international sales. I don't see those dropping yet. There is a focus on the international sales from Coca-Cola. We've seen continued weakness in that market which has put pressure on results. Wall Street is also looking for color on FX headwinds off the back of this, but it does look like it's pretty positive and those shares are popping even higher up 1.6%."

Nathan discusses Coca-Cola's earnings beat with EPS surpassing expectations and a positive share price reaction. Despite ongoing concerns over international sales and FX headwinds, the overall market sentiment remains favorable.

GE Aerospace Benefits From Aviation Rebound

"Yeah, GE Aerospace. The stock is up one and a half% boosted their outlook for a second quarter in a row on the back of a rebound in aviation. raised its forecast for adjusted revenue growth for operating profit and free cash flow. Now, GE Aerospace has been a major beneficiary of the rebound in global air travel and rising demand for maintenance and new engines. The company continues to gain momentum after the GE conglomerate split into three last year. Shares have soared more than 80% this year through Monday's close, and we're up another one and a half in pre-market at the moment."

Valerie highlights GE Aerospace's strong performance as it benefits from the global rebound in air travel and increased demand for maintenance and new engines. The improved guidance and historical share performance underscore a bullish near-term outlook.

GM Strong Earnings: High Margin Gas SUVs Boosting Sales

"Good morning, Nathan. Yes, gas guzzlers are back. That's essentially what these results have said. GM shares are up 8 and a half%. They've been continually climbing since these results are out 30 minutes ago. A strong read across the board, a beat in their third quarter uh quarter earnings, and a raise to their fullear guidance. And the bullish outlook comes as GM has seen a jump in sales of high margin gas-powered SUVs and trucks. This being partly enabled by the swing in federal emissions policy to looser regulatory environment under the Trump administration."

Valerie outlines GM's robust earnings driven by increased sales of high margin gas-powered SUVs and trucks, boosted by a looser regulatory environment and tariff relief. Although near-term EV growth may be subdued, the strong consumer demand for traditional models drives a bullish near-term outlook.

Company Commentary on Atos Revenue Miss and Restructuring

"At Atos, the French IT company, shares were down initially about 17% after their third quarter revenue missed estimates. They lowered their revenue guidance for the year, citing a soft market environment, loss-making contracts, and macro uncertainty. Although there were some positive signs with recovery in North America and Europe, these were not enough to offset the negatives. Analysts mentioned that declining revenues are expected to continue through 2025, with 2026 projected to be the pivotal year of recovery."

The speaker highlights Atos' significant market reaction to weak third quarter results, noting a 17% drop in shares and a reduction in annual revenue guidance. Despite some regional recovery signals, ongoing challenges and a restructuring process underpin a bearish outlook in the near term, with analyst expectations of continued declines into 2025.

Company Commentary on Unilever Delayed Demerger

"So, Unilever are pushing back the de merger of their ice cream unit. That's the Magnum Ice Cream Company. It had been on track to complete in mid-November but because of the US government shutdown, the registration statement for admittance on the New York Stock Exchange couldn\'t be declared effective. They said they\'re confident that the split will still happen this year, although timings are very much to be confirmed. This delay extends the long wait for Unilever, which had already been underperforming, as spinning off the unit is a key part of revamping their growth strategy."

The commentary discusses Unilever postponing the demerger of its underperforming Magnum Ice Cream Company due to complications stemming from a US government shutdown. While the company remains confident the split will occur within the year, the delay and uncertainty around timing add caution to the outlook.

Company Commentary on Coca-Cola HBC Share Momentum

"So firstly, the one of the key ones we're watching this morning is Coca-Cola HBC. So this is a London listed company. It's one of the world's largest bottlers for Coca-Cola, the US giant. They have announced this morning they're buying a controlling stake in Coca-Cola Beverages Africa for $2.6 billion US, acquiring a 75% stake with an option to purchase the remaining 25% within 6 years. Although, having said all of that, Coca-Cola HBC shares fell at open, initially dropping over 4% as analysts noted that the cancellation of their share buybacks is seen as a move to focus on expansion over capital returns."

The speaker details Coca-Cola HBC's strategic move to acquire a major stake in Coca-Cola Beverages Africa, highlighting the $2.6 billion deal and the optional additional buy. However, the cancellation of share buybacks has led to an immediate negative market reaction with shares falling over 4% at the open, suggesting potential balance sheet constraints.

Regulatory Pressure Weighs on Getty Images and Shuttershock

"Let's look at some names that ended lower uh today in trading. So, Getty Images and Shuttershock, both of those companies tumbled. We got Getty, that's ticker GY, and Shuttershock STK. both of them lower. Uh this is after the UK's competition and markets authorities said that their merger may be expected to result in a substantial lessening of competition here. So I mean of course you are seeing some pressure to both of those stocks. Of course if you hear that news that's not what investors"

Norinda discusses how Getty Images (GY) and Shuttershock (STK) tumbled after UK regulators indicated that their merger could lead to a significant reduction in competition. This regulatory concern is creating immediate pressure on both stocks.

Apple Stock Record Catalyzes Bullish Outlook

"Apple. I mean, we cannot get through this conversation without talking about Apple. Massive day for them. Of course, hitting their first record of 2025. And this is after a lot of the optimism that we saw for AI demand coming from the US and China. this in particular from the iPhone 17 series, which is the most recent series that we saw drop. And this is a 14% uptick in sales and what we saw from the pre previous lineup, which was the iPhone 16. I'm losing count as I speak. Um 16 17. Yeah, we're on 17 now. But that's really what we're seeing pushing this stock higher. And of course, we know that this is a stock that has barely gained what, maybe 5% year to date. It's up 4.7% so far this year. So, this is some fantastic news for the company. You were definitely seeing Wall Street investors celebrating today."

Norinda highlights Apple’s record-breaking day, driven by a 14% uptick in iPhone 17 sales and strong optimism around AI demand in both the US and China. She notes that despite modest year-to-date gains, the company’s performance is generating significant investor enthusiasm.

Applovin Falls 5.6% Amid Regulatory Probe

"And finally, the worst performer in the S&P 500 though was Apploving down 5.6%. Shares fell after the New York Post reported that state regulators have reached out to multiple short sellers in a possible preliminary probe for the mobile advertising company. The states include Delaware, Oregon, and Connecticut. The report comes after news earlier this month that the SEC has been probing Apploving's data collection practices."

The commentary on Applovin is notably bearish, as the stock fell by 5.6% following regulatory scrutiny. The mention of outreach to short sellers and ongoing SEC probes signals heightened risks associated with its practices.

Cleveland Cliffs Gains 21.5% on Strong Earnings and Rare Earth Discoveries

"Got to mention Cleveland Cliffs. That stock up just about 21 a.5% today after the company posted stronger than expected earnings and disclosed a pact with another metal producer. The company said it discovered two sites with potential to produce rare earth minerals, one in Michigan, another in Minnesota and is evaluating whether rare earth minerals can be extracted from those mines. So again that trade play we continue to see that having momentum here in 2025."

The speaker draws attention to Cleveland Cliffs, noting a significant intraday gain of approximately 21.5% driven by strong earnings and strategic discoveries of potential rare earth mineral sites. This momentum is highlighted as a trade play in 2025.

Apple Records First Record of 2025 on Positive iPhone Demand

"s latest generation of iPhones. We"

The speaker highlights Apple as a standout performer, noting its near 4% gain and record achievement in 2025. The commentary is supported by Loop Capital's upgrade and positive demand for the iPhone 17 series.

BNP Paribas ADR Faces Legal and Settlement Risks

"One stock that has been moving since before uh the US market opened this morning. This one was kind of the first one on my radar today. Nora, what's going on? BMP Parabah ticker. Uh we're looking at the US ADR. So I'll give you BNPQY if you want to look it up. Uh shares are down about 9% right now. As you mentioned, a lot of activity that we saw in the pre-market here. This is after a trial loss over past work in Sudan. They're saying this could lead to a costly settlement here. And analysts are really saying that they don't expect a massive settlement cost here, but they do flag rising uncertainty here and pertain uh pertaining in particular to this stock here. But BMP is saying that uh it should be overturned, but they did add that it doesn't have any pressure to settle this case here. So, we'll just have to see how this one plays out. Shares up about 30% so far this year."

The speaker provides an update on the US ADR of BNP Paribas (BNPQY), noting a 9% drop in shares following a trial loss related to Sudan operations. The potential for a costly settlement injects uncertainty into the stock, although the company maintains that the decision should be overturned and claims minimal settlement pressure. The commentary reflects caution among analysts despite a robust 30% year-to-date gain.

AppLovin Under Regulatory Probe

"Let's go to App Leven. What's going on? >> Yes, the keep it easy for us. The ticker is a App. Uh shares are down as much as more than 7%. Um now they paired a bit up down about 3.8%. This is after the New York Post reported that the state regulators have reached out to multiple short sellers in a possible preliminary probe on the company here. So the states involved in this concern are Delaware, Oregon, Connecticut. This all according to the report. But if you do look back uh earlier this month in early October, we had the SEC that was probing the company in terms of its data collection practices. So lots of heat right now on this company. Uh shares are up though 78% so far this year."

The speaker discusses regulatory pressures on AppLovin, noting that shares have dropped over 7% amidst reports of state regulators contacting short sellers. This follows an earlier SEC probe into the company’s data collection practices. Despite these headwinds, the stock has delivered strong year-to-date gains of 78%, reflecting mixed sentiment.

Apple (AAPL) Record High and Rating Upgrade

-1.65%current return

"A stellar day that we're seeing right now for shares of Apple. That's ticker AAPL. As you mentioned, it is hitting a record high here. This is the first record high that we're seeing of 2025. And this is after the company said uh essentially there was some data that came out that showed that iPhone 17, the series uh for that uh iPhone outsold the iPhone 16 by 14% over the first 10 days if you were to look at it respectively here. And that's for sales in the US and China. So, of course, you just are seeing them kind of knocking it out the park, hitting a record high here. Uh but I mean of course if you look at shares year to date um well they're up about 5% now that's different than what it looked like earlier that we're seeing a pop into the green clearly. Uh but I mean we also did see Loop Capital upgrading the stock to buy from hold. Lots of optimism right now in the market for this company."

The speaker highlights Apple (AAPL) reaching its first record high of 2025, attributing the performance to strong sales of the new iPhone 17, which outperformed its predecessor by 14% in key markets. Additionally, Loop Capital has upgraded its rating from hold to buy, adding to the bullish sentiment.

B&M Profit Warning and Accounting Error

"Yeah. Well, it's because of a big accounting error. So, B&M actually issued a profit warning a couple of weeks ago in early October and today it said that it actually missed some costs of £7 million and that those were previously unaccounted for in the outlook. So, it had to cut guidance again and it blamed that on an operational issue. This is obviously a very bad look for the CFO and the CFO Mike Schmid has announced that he would be stepping down."

B&M is facing serious operational issues following an accounting error that led to missing £7 million in costs and a downward revision of guidance. The situation is compounded by the CFO stepping down, which marks another setback for the company.

Curring Strategic Turnaround Moves

"So over the weekend they announced that they sold their beauty division to L\"Oreal. So this is a four billion euro deal and it's part of a broader strategic partnership in beauty and wellness between the two companies. So Carring is essentially reversing the push in the beauty and cosmetics segment that it had done under previous management and this is really the first big move by the new CEO Luca Deo who started just last month and has been trying to turn things around and address quite a high debt burden."

Curring is making a strategic pivot by selling its beauty division to L\"Oreal, marking the first major step under new CEO Luca Deo. The move reverses previous strategies and aims to alleviate debt concerns, with market reactions appearing positive so far.

Concerns over fraud hit Zion and Western Alliance

"Yes, exactly. We got a little bit of like 2023 deja vu, which was horrifying. Um, so shares of Zion, which is ticker Zio N and Western Alliance, ticker W, they both fell Thursday after they said they were victims of fraud on loans to fund that invest specifically in distressed commercial mortgages. Um, so today most of these stocks rebounded. Um, the sector was looking a lot more stable. There were a couple of earnings reports from other companies that sort of abated fears of credit stress sort of spreading across the group."

The discussion addresses the drop in shares for Zion (Zio N) and Western Alliance (W) after fraud allegations related to distressed commercial mortgages. Although there was a partial rebound, the earlier event and the mention of past crises contribute to a cautious outlook for these stocks.

Bullish AMD deal from Oracle signals AI momentum

"I mean, I'm always looking at the chip stock. So, AMD advanced micro devices top on my list. Um, it had a big jump on Wednesday, up 9% that closed at a record high. It was uh after earlier in the week, so on Tuesday, it landed a major deal from Oracle."

The speaker highlights AMD's recent performance, noting a 9% jump and a record close following a major deal with Oracle. This deal is seen as a catalyst in AMD's effort to challenge Nvidia in the AI processor market, particularly as Oracle plans to deploy its chips in data centers.

Oracle Downgraded Outlook Amid Falling Shares

"Also want to talk about one of the more important stocks in the world and that is Oracle falling the most since January 27th down almost 7%. This is again a top 10 company uh depending how you want to look at it falling after suggesting that investors anticipate a smaller boost from AI infrastructure spending. This is a company that's partnered with Open AI, Meta, Elon Musk's XAI, so dialing back their long range financial outlook."

The speaker remarks on Oracle's significant drop of nearly 7% and its lowered expectations for AI infrastructure spending, which could be viewed as a cautionary note for investors. The commentary points to potential headwinds for Oracle despite its strong market position, providing an investor signal to possibly exercise caution.

Zion's Bankorp Upgrade to Outperform

+6.92%current return

"No surprise. I'm going to go to those regional bank names. Uh Zion's Bankorp uh rallying after that 13% decline yesterday, up almost 6% in today's session as a new set of earnings from some of the regional lenders um were solid. So you look at Zions, it was up uh 5.8%. I also do want to mention on Zion's upgraded to outperform from neutral at bear with the analyst noting that the sell-off seemed excessive."

The speaker highlights Zion's Bankorp's recovery following a significant drop the previous day, noting a nearly 6% gain today and a specific upgrade from neutral to outperform. The upgrade implies that the previous sell-off may have been an overreaction, offering an actionable signal for investors.

Eli Lilly Under Pressure From Weight Loss Drug Pricing Comments

"So, can we talk about the JLP1 drugs, most notably LLY, Eli Liy? Yes, Eli Liy. The stock is down about 2% right now. It's been falling all day after Trump said that the price of Ozmpic could come down to just $150 a month. So, Eli Liy, they don't make OMPic. That's Novo Nordisk. that stock uh trading in Europe was down as well, but we're seeing Eli Liy, they have similar weight loss drugs."

The commentary focuses on Eli Lilly's stock weakness in response to external commentary on weight loss drug pricing. The discussion notes that while Eli Lilly is not directly tied to the drug mentioned, market sentiment is affected due to comparisons with competitors.

American Express Exceeds Expectations With Record High

"American Express, ticker AXP, hitting a record high today in that stock price, up 7%. They raised the lower end of fullear guidance. So, revenue now expected to grow 9% to 10%. Um, earnings per share for the third quarter beat estimates. And the company said that the platinum uh premium credit cards business is doing well. It's been the quote strongest start we've ever seen with a refresh."

The speakers underline the strong performance of American Express as it hits a record high, buoyed by raised revenue guidance and excellent results in its premium credit card business. The commentary suggests bullish momentum for AXP in the near term.

Oracle Faces Sell-side Caution Amid AI Cloud Concerns

"Let's start with Oracle because that's a big move that we're seeing in that stock. It's down 7% right now, ticker ORC. But the stock did see its biggest intraday drop since January when it was over down about 8% a little bit earlier in the trading day. And it's all on concerns about fulfilling AI cloud demand, which I feel like is a theme that we've been hearing."

The speakers highlight a significant intraday drop in Oracle shares driven by concerns over AI cloud demand execution, suggesting that investor caution is warranted as the market reacts to these issues.

Volvo Faces Headwinds from North American Tariff Uncertainty

"Swedish automaker Volvo said today that it expects the slowdown in the North American truck market to continue into next year because of continued tariff uncertainty. It is bracing for the 25% tariffs that will take effect on November 1, and this is significant given that Volvo builds quite a lot of its trucks in Canada and Mexico. This exposure to tariffs is a major risk and is a sectorwide story, as evidenced by recent guidance cuts from Michelan."

The discussion outlines concerns for Volvo regarding tariff-induced headwinds in the North American truck market. Facing a 25% tariff that will soon be implemented, Volvo could see significant impacts, with this risk extending sectorwide as noted by other market participants.

EssilorLuxottica Benefits from AI Glasses Partnership with Meta

"Esselor Luxotica so the maker of eyewear is really benefiting from its partnership with Meta. The shares reached an all-time high this morning. It reported really strong sales in the third quarter and that is thanks to really strong demand for AI glasses. To put some numbers on it, the collaboration generated about 8365 million in revenue in 2024, could reach 800 this year and then we could reach 6 billion by 2030. I personally don't know anyone yet who has bought any AI glasses but it might be the next big thing."

The commentary underscores EssilorLuxottica's strong performance driven by its partnership with Meta. With impressive Q3 sales and optimistic revenue forecasts linked to AI glasses, the company is positioned for significant growth, although market adoption of AI glasses remains to be seen.

BBVA Gets a Boost from Failed M&A and New Buyback Announcement

"BBVA shares though an exception uh chairman Collus Torres's announcement that he'll stay on despite the failed bid for another bank. Yeah. So investors are happy that he's staying on but also happy that the bid has failed. Some analysts said that this is actually quite the relief that this removes the M&A uncertainty that was hanging over both banks and it really allows them to move on and focus on their standalone prospects. And then of course BBVA also announced a brand new buyback."

The segment highlights BBVA as a standout among European banks due to its chairman staying on and the failure of a takeover bid, which removes M&A uncertainty. The announcement of a new buyback further boosts investor sentiment for BBVA.

JB Hunt Leads with Strong Q3 Results

"Real quickly, JB Hunt, good out performer today. Just quickly, something great news. Logistic doing great. Up as much as 22%, biggest intraday jump since 1998. The company reported third quarter earnings beat estimates by a large margin and we saw a lot of logistic providers getting big gains."

The hosts highlight JB Hunt as the standout performer of the day, noting a remarkable 22% intraday jump driven by robust third quarter earnings that outpaced estimates. This strong performance in the logistics sector points to significant positive momentum for JB Hunt, underscoring its potentially bullish near-term outlook.

HPE Faces Downbeat Outlook

"Yeah, very different story but pretty bad day for HP. It fell 10% today. The ticker is HPE. The company gave an outlook for profit and cash flow for its upcoming fiscal year that was way below what analysts were expecting. For example, the earnings number is $2.20 to $2.40 while the street was expecting way higher. The free cash flow number missed by a really big margin."

The segment details a disappointing performance by HPE, noting a 10% drop in its stock following an outlook that missed analyst expectations by a considerable margin. Despite some potential relief from its networking business following its acquisition of Juniper Networks, the negative sentiment dominates, creating a bearish view of HPE in the near term.

Regional Banks Under Pressure

"Zeon's bank sank 14% after it disclosed 50 million charge off for a loan underwritten by its own subsidiary. And then Western Alliance Bankorp fell almost 11% after it said it made loans to the same borrowers. Of course, there are growing concerns about credit. The disclosures add to other recent loan blowups, and now the fact that small regional banks are seeing some impact is raising more questions."

The speakers highlight heavy losses at two regional banks, with Zeon's bank and Western Alliance Bankorp both experiencing significant percentage drops. They attribute these declines to problematic loan disclosures and overall emerging credit concerns, suggesting potential immediate risks in the regional banking sector.

Micron Technology Benefits from AI Demand and Upside Price Target

"So, Micron Technology MU is the ticker up about 5% on pace for its best day since not that long ago, October 13th. In the NASDAQ 100 in the MOV function, that is the best performer in that index. And so UBS actually raised its price target, saying that Micron will get a boost from its memory chip storage. City Research analyst Christopher Danley actually still sees more gains in sight despite what this stock has done, with high AI demand fueling further upside."

Micron Technology (MU) is spotlighted as the top performer in the NASDAQ 100 today, up about 5%. The commentary highlights a raised price target by UBS and bullish outlook from City Research, driven by strong AI demand and memory chip storage growth, suggesting continued upside potential.

F5 Inc. Faces Major Downside Amid Cybersecurity Breach Concerns

"And then of course, one of the worst performers though in the S&P 500 is Five Inc. FFIV is the ticker on there. I was just going to quickly point that out just because that's down 11% today. So if you look over the last two days, especially on the back of what it was talking about where it did warn about the catastrophic hacks yesterday, right? Actually, that stock's down close to 15% over the last two trading sessions. So that would be its worst two-day span since April of 2022."

The segment focuses on the sharp decline in FFIV (F5 Inc.), noting an 11% drop today and a 15% decline over the last two sessions, marking its worst performance in two days since April 2022. The negative performance is linked to warnings about catastrophic hacks, contributing to its dismal chart.

HPE Under Pressure Amid Margin Crunch and Weak Guidance

"So I'm going to look on the other side of things here with the function in the terminal. And so looking at HPE here. So Huelet Packard Enterprises, the ticker is HPE. If you look at this stock and how it's moving today, down almost 10%. So on pace for its worst day since April 3rd. Of course this is one of the largest makers of computer equipment, and it's having an issue with some of that margin crunch and underwhelming guidance for the fiscal year."

The discussion on HPE (Hewlett Packard Enterprises) focuses on its nearly 10% decline today, marking its worst day since April 3rd. The speaker attributes the drop to a margin crunch and disappointing forward guidance, noting that despite a solid year-to-date gain, the weak outlook and profit forecast adjustments have put downward pressure on the stock.

JB Hunt as a Bellwether for US Freight Market

"So, gonna point out to the best performer in the S&P 500. So, JB Hunt, the ticker is JBHT. So, this is important because not only is it a trucking and logistics company, but it's a bell weather for the US freight market. So, it's up almost 22%. So, on Paceport's best day since January of 1998."

The commentary highlights JB Hunt (JBHT) as the standout performer in the S&P 500, up almost 22% on a day marking its best performance since 1998. The speaker emphasizes its role as a bellwether for the US freight market and notes that while it has risen significantly today, it is still down roughly 2% year-to-date despite improved quarterly results and cost controls.

JB Hunt Earnings Beat Drives Aftermarket Rally

"And I got to mention JB Hunt it's up like 12% here in the aftermarket and this is coming uh after the company reported their quarter earnings per share that beat the average analyst estimate."

JB Hunt (JBHT) experienced a robust aftermarket rally, with shares surging approximately 12% following a quarterly earnings beat. This strong positive reaction underscores investor confidence in its performance and potential for momentum trading.

United Airlines Q3 Earnings Versus Market Reaction

"United Airlines down about 2% in the aftermarket that after uh it reported better than expected earnings for the third quarter and they expect brand loyal flyers in demand for its premium seats to drive profit through the end of the year and I think their outlook was pretty positive but investors don't seem so enthused."

The segment on United Airlines (UAL) reveals that despite better than expected Q3 earnings and a positive outlook driven by premium seating demand, the stock lost about 2% in aftermarket trading, reflecting a disconnect between the earnings results and investor sentiment.

PNC Earnings and Deposit Mix Concerns Amid M&A Activity

"Yeah, let's take a look at PNC. That did not do so well today. So, ticker PNC, those shares down more nearly 4% at 3.9% at the close and they did get results today. Third quarter net interest margin missing estimates. That's because they did add more expensive commercial deposits. Though the good news is that loan loss provisions were less than expected and that is consistent with the line that we've heard from Wall Street bank saying the consumer is totally fine."

PNC's (PNC) shares fell nearly 4% following Q3 results that missed net interest margin estimates due to a shift towards more expensive commercial deposits, though offset slightly by lower-than-expected loan loss provisions. The commentary also touches upon its ongoing M&A activity, which adds another layer of complexity to its near-term outlook.

Stellantis Capital Investment to Offset Tariff Impacts

"Yeah, let's take a look at Salant's ticker STLA. So, those shares have had a good day today. So, they are the maker of Jeep SUVs. And for the longest time, they've struggled with market share in the US market. But now, they're vowing to invest $13 billion in this market for the next four years. And they're billing it as their single largest investment in more than a hundred years. It's also being seen as anal by analysts as a way to counteract pain from the tariffs because the company did estimate in July that higher duties will set their earnings back by about the equivalent of $1.7 billion this year."

The commentary on Stellantis (STLA) focuses on its renewed US strategy backed by a $13 billion investment over four years to combat market share challenges and tariff-induced headwinds, indicating a potentially positive shift despite some uncertainty about deployment details.

BlackRock Data Center Acquisition Commentary

"Um so shares of a black rockck ticker BLK they finished today up just 0.7% but earlier they were up more than 2% and that is because their global infrastructure partners uh unit agreed to buy align data centers from aquery buying data. Everybody wants a data center including Black Rockck. So this is actually a $40 billion deal which when you consider how much Black Rockck has in assets under management that's like a drop in the bucket."

The speaker highlights BlackRock (BLK) securing a data center deal through its global infrastructure partners, describing the $40 billion acquisition as a relatively minor expense given its vast assets under management, hinting at promising engagement in the data center space.

Nordea Bank Shows Strength with Share Buyback and Earnings Beat

"So Nordia is actually the first big European bank to report in the earning season and it looks quite positive. It launched a 00250 million euro buyback. Net interest income also beat expectations because the CEO said that Nordic companies had a renewed appetite for investments, which translated into increased demand for lending. This performance is reassuring for Nordia and could bode well for the rest of the European banking sector."

The speaker notes Nordea Bank's positive earnings report, highlighted by a 00250 million euro share buyback and stronger-than-expected net interest income driven by renewed corporate investment demand, suggesting a bullish outlook for the bank and potentially the broader European banking sector.

Kering Gets Sell Rating Amid Luxury Sector Concerns

-1.72%current return

"But then today, uh, Caring got cut to a sell rating at Baronburgg and that is driving down those shares. Baronberg cut Carring to a sell and also LVMH to a hold, saying that the luxury sector faces structural demand issues with continued pressure in China and low consumer confidence among aspirational buyers. This will be particularly tough on Caring and LVMH, while companies with less exposure to the aspirational end of the market might fare better."

The commentary highlights that Kering (referred to as "Caring" in the transcript) was downgraded to a sell rating by Baronberg due to structural demand issues, headwinds in China, and shifting consumer behavior, signaling a cautionary stance in the luxury segment.

Nestle: Mixed Sentiment Amid Cost-Cutting Initiative

"So Nestle actually had two good news for investors today. So first, it reported stronger than expected sales growth on on the back of both price and volume increases, which is quite positive given that it really has struggled to revive volumes over the last few months. And then the other big thing, which is the thing that you just mentioned, which is that plan to cut 16,000 jobs over the next couple of years. Its a really bold start for the new CEO, Philip Novatil, helping to restore investors trust in Nestle, although the outlook remains quite fragile."

The speaker outlines Nestles recent positive sales growth and a major cost-cutting move by cutting 16,000 jobs, which is intended to restore investor confidence under a new CEO despite underlying fragility.

RENK Group Overvaluation Sparks Sell Recommendation

+0.81%current return

"and Rank Group. Their shares plunging after city analysts changed their recommendation to sell. Indeed, this is the the German tank company. They make kind of systems for for vehicles and machinery. So, a downgrade from City. They've cut them from a neutral to a cell and analysts are saying that shares are too expensive. So, so Rank Group has kind of been caught up in this wider defense rally that we've been seeing. Um, and and a quote from the analyst, I I thought I should read it out as as quite blunt. It says, "Even pushing our valuations to the upper end of what we feel is a credible scenario. We believe rank is overvalued and we're downgrading to a sell. They've set a new price target of 64. Um, and shares are falling as much as 5% this morning, closer to that price target. They're around 68 now. And that follows an almost 300% year-to-date rally as of yesterday's close.""

City analysts have downgraded RENK Group to sell, calling the stock overvalued even under optimistic scenarios, and setting a price target of 64. This comes after a significant rally, with shares dropping approximately 5% towards the target, suggesting an immediate sell signal.

Page Group Q3 Results Indicate Market Stabilization

"Page Group had their their third quarter results today and it follows two of their peers. So, we had Hayes last week and Robert Walters yesterday and and essentially it's together they're pointing to this trend um of the market starting to improve. It's been really battered over the past year longer and their their results collectively are are showing kind of slight upbeat market. So, Page Group this morning had a milder drop in gross profits in the third quarter when you compare it to the first half. They said that um Europe the European market is still tough. They they noted what they call subdued confidence and sentiment, but the US and Asia are uh stable. They're saying clients are still risk averse. You know, budgets are tightening, but they're on track to hit their four-year goals. Um they're doing also doing a lot of cost cutting work. So shares are higher about 6%."

The commentary on Page Group indicates a modest turnaround in the recruitment sector with Q3 results showing less severe profit declines and ongoing cost-cutting initiatives, amid mixed global market sentiment.

LVMH Unexpected Sales Growth Boosts Luxury Sector

"LVMH surging almost 14% higher in Paris now and a wider rally too in the luxury sector. Tell us more. Indeed. Yeah. So essentially this is an unexpected return to sales growth. They had their third quarter results this morning. Stronger than expected performance across the board and essentially analysts are saying this is an encouraging trend. So um you know it it's a it's an improvement in relation to the wider sector. They're suggesting that it's a return to growth could be possible next year. they're citing quite a confident tone for 2026 and notably um as part of these kind of encouraging trends notably in China which is which is a key market for LVMH and as you say it led to peers also surging so the likes of Burberry caring also far higher um across the board so shares in LVMH rising on that unexpected positive news a step in the right direction."

The speaker highlights LVMH's unexpected sales growth as a catalyst for a rally in the luxury sector, noting strong Q3 results and growth potential driven by key markets like China, suggesting a positive outlook for next year.

Stellantis Shifts Focus to the US with Major Investment

"Stellantis will invest 13 billion dollars in the US over the next four years. So it will try to curb the impact of tariffs and reinforce its presence in the US market. This investment was expected; Bloomberg had reported earlier this month about an investment of about 10 billion dollars. This is the confirmation and is really driving the shares up this morning. It's quite an ambitious attempt by Stellantis to try and rebuild a really struggling business in the US, shifting from previous investments in Europe to appeal to US consumers. The plan is to introduce five new models over the next four years and try to get Americans to buy Jeep SUVs again, with unions in the US also cheering for the 5,000 new factory jobs."

The speaker outlines Stellantis' strategic shift with a confirmed $13 billion investment in the US to overcome tariffs and rebuild its US business by launching new models. The commentary highlights the potential positive impact on share performance and job creation.

ASML Posts Strong Orders Amid AI Boom but Faces China Headwinds

"We had seen a really massive rally in the shares over the last month or so. And by and large ASML delivered. So orders as you mentioned beat expectations in the third quarter. That was driven by massive investments in AI that kind of led to growing demand for the chips. The boom in AI spending is a direct boost for ASML because it is the only company that makes the very specific machines needed to produce the most sophisticated chips. There is one tougher spot which is China; the outlook for 2026 in general is cautious because sales to China are expected to decrease significantly due to restrictions on what it can sell."

The commentary emphasizes ASML's strong performance with orders beating expectations, fueled by AI-related demand, while also noting a significant caution due to expected declines in sales to China because of regulatory restrictions.

LVMH and the Luxury Sector Turning a Corner

"Yeah, LVMH is up and the broader luxury sector is up this morning on hopes that it might be turning a corner. So, OVA, which is obviously very much a bell weather for that industry, had uh sales returned to growth in the third quarter, which was a positive surprise given expectations of a continued decline after a couple of tough quarters for LVMH. Um sales at all divisions actually exceeded estimates including the fashion and leather goods unit, which is the most important one, and even the wines and spirit division, which was struggling for a while, also posted revenue growth. It's also worth noting that sales in China in the region that includes China rose 2% which is a big turnaround for a region that has seen so much weakness as well over the last couple of years."

The speaker highlights that LVMH is showing signs of recovery as its sales return to growth, beating expectations across multiple divisions including fashion, leather goods, and wines & spirits, with a notable 2% increase in China. This commentary suggests improving conditions in the luxury sector.

Atai Life Sciences Buy Recommendation with Attractive Price Target

+7.02%current return

"There's a company I'm not familiar with, but it definitely was on the move today. The company is called Atai Life Sciences. The ticker is ATI. The stock jumped by 11% today. This is a clinical trial stage biopharmaceutical company. It came after a Republican state senator in North Carolina said that the state could "lead the nation in expanding military veterans access to mental health drugs" because this company specifically develops treatments for mental health diseases. And Nem initiated coverage of the company with a recommendation of buy and a price target of $12. Yeah. Not a company. Almost doubling today's price."

The transcript reveals a trade call on Atai Life Sciences (ATI), which surged 11% on the day. The catalyst mentioned is a political statement favoring mental health drug access for military veterans, and more importantly, a coverage initiation by Nem with a buy recommendation and a $12 price target, suggesting significant upside potential.

Walmart Teams Up with OpenAI, Unlocking New Digital Retail Opportunities

"What about Walmart? This is also a really big American. It is a big story. Just yesterday, right, we spoke, who else want to collaborate with OpenAI? And here we are. We have Walmart. The ticker is WMT. The stock is up by almost 5%. And of course, it came after announcement that the company will team up with OpenAI and enable shoppers to uh browse and uh buy products on chat GPT and of course it is a kind of big push. Analysts are pretty excited about that. They see significant opportunities. Specifically, UBS analysts are saying that it is actually making the case for Walmart to be a winner among all traditional retailers."

The commentary focuses on Walmart's new strategic partnership with OpenAI, which is credited with boosting its stock by nearly 5%. The narrative emphasizes the digital innovation catalyst and hints at a broader competitive advantage for traditional retailers, as supported by analyst enthusiasm.

Wells Fargo Shows Mixed Signals Amid Strong Profitability Metric Update

"Let's start with Wells Fargo. The ticker is WFC. This is the best performer in the S&P 500. The stock is up by 7%. Of course, this came after the bank raised its key profitability metric known as target for return on tangible common equity to a range between 17 to 18% from a previous level of 15. Of course, it came after the Federal Reserve removed an asset cap in June because we know that Wells Fargo was restricted from expanding the size of its asset size. So now it is a big development. However, on the earning side itself, we saw that net interest income came below expectations. EPS and revenue were in line."

The speaker highlights Wells Fargo as the top performer among S&P 500 banks, noting its 7% rise. The update of its return on tangible common equity target and removal of a regulatory asset cap are identified as key catalysts. However, the report also flags weakness in net interest income, presenting a mixed picture.

Papa John’s Attracts Attention with Offer from Apollo Global

"And there's also news from Papa John's. The stock rose around 10% yesterday and is up another two and a half percent today. This comes on the back of a report that Papa John's has received an offer from Apollo Global Management at $64 a share. It follows speculation in the market, with shares having fallen 65% from their 2025 high."

Papa John's sees significant price action, having surged 10% yesterday and gaining further today, spurred by news of an offer from Apollo Global at $64 and market speculation after a steep decline from its 2025 high.

Domino's Strong US Franchise Performance

"We did hear from Domino's. Those shares are up three and a half%. Some decent sales numbers here. Their US franchise, particularly strong, especially for stuffed crust, stuffed crust pizza."

Domino's is noted for its positive sales performance, particularly in its US franchise with an emphasis on its stuffed crust product, pushing its shares higher by 3.5%.

GM Disappoints with $1.6B Charge and EV Strategy Reassessment

"And we also got some news this morning from General Motors. Maybe not the news investors wanted to hear today. Yeah, this one's a bit disappointing from General Motors. Shares are down 2.4%. General Motors is realizing a $1.6 billion charge as it realigns its product range away from EVs, expecting the adoption rate of EVs to slow following policy changes like the end of EV tax incentives and a reduction in emission regulation stringency. The company is now reassessing its EV capacity and manufacturing footprint."

GM faces a setback as it records a $1.6B charge while shifting focus away from EVs due to slowing EV adoption and regulatory changes, leading to a 2.4% drop in its shares.

Wells Fargo Shows Profitability Uplift

"A bit more positivity around Wells Fargo. Shares are up 1.7%. They boosted a key profitability metric after the Fed's asset cap was finally removed after nearly seven years, raising their return on tangible common equity to 17 to 18% versus previous guidance of 15%. Although net interest income came in slightly light, they confirmed full-year guidance on net interest income for 2025, with provisions for loan losses lighter than expected and strong dealmaking revenue."

The commentary highlights improved profitability measures at Wells Fargo, including an upward revision in ROCE and lighter-than-expected loan loss provisions, painting a positive near-term outlook despite a slight miss in net interest income.

JP Morgan Earnings Under Examination

"Yes, the market is still digesting these JP Morgan earnings. The share price has been all over the place, up as much as 1.3% and down as much as 1.1%, with shares down about 0.7%. They bolstered their full-year net interest income guidance and delivered strong trading revenue beats in both equities and fixed income, with trading revenue coming in at 3.3 billion and fixed income at 5.6 billion. Despite the broad beats, investors remain cautious as they process these results."

The speakers discuss JP Morgan's mixed price movement following a robust earnings report that beat expectations in key areas, but caution remains as investors are still digesting the results.

Fever Tree Upgraded from Hold to Buy with Target Price Hike

+7.79%current return

"Yes, this is from Jeff. Um Jeffre has upgraded Fever Tree from a hold to a buy and hiked their target price, calling them uh a more refreshing growth story. They're predicting better margins, higher cash returns going forward. Saying that they were really focusing on the recent deal between Fever Tree and Coors in the US and saying that this will deliver bigger scale and capability in the US. It will derisk the supply chain. Um, and they also noted that Fever Tree's marketing spend is set to double. That will boost their awareness. So, that's pushing shares higher this morning."

Jeff has upgraded Fever Tree from hold to buy by raising the target price and emphasizing its growth potential. The analyst highlights catalysts such as a strategic deal with Coors, expected better margins, and a doubling of marketing spend which are all anticipated to improve scale, derisk the supply chain, and elevate share performance.

Swedish Telecom Operator Ericsson Shows Robust Performance

"Yes, Erikson, obviously the the Swedish telecoms group. Their shares were up last time I looked over 13%. So that's the most since April, back to levels last seen in February. That's after their third quarter results. Essentially, they beat estimates uh across the board. And analysts are saying that they're impressed by what they're calling robust profitability and they particularly note the good margin. So essentially that Erikson is operating well in what is quite a tough environment at the moment in the telecom space."

Louise Moon details how Ericsson (referred to as Erikson) exceeded Q3 estimates with robust profitability and good margins. Despite a tough telecom environment, cost cutting and operational efficiencies have helped the company’s performance, reflected in a significant share price jump.

Michelin Outlook Deteriorates Amid Weak North American Tire Sales

"Micheland the tire maker doesn't seem to on a roll. What's behind their drop today? Um it cut its outlook last night due to very weak sales of tires in North America. So it blamed in particular really slow demand for trucks and also for uh heavyduty vehicles that are used in agriculture. Um and it said of course that US tariffs did not help uh either and that that really hurt margins. So the tariffs have essentially led logistics companies to scale back purchases of trucks because there's been slower manufacturing activity. There's been slower trade activity which means there's less imported shipments to be transported and therefore less demand for tires."

Michelin revised its outlook downward after reporting very weak tire sales in North America, largely attributed to sluggish demand for trucks and heavy-duty vehicles coupled with the negative impact of US tariffs on margins, signaling broader risks in the tire market.

EasyJet Attracting Buyout Interest Amid Industry Challenges

"EasyJet also taking off. That stock up 3% in otherwise an otherwise challenged equity environment. EasyJet is also performing well. Yeah, it is because it is uh it's reported that it is attracting some suitors easyjet. So Mediterranean shipping company MSC is considering making an offer for easyJet in partnership with an investment firm. That's according to the Italian newspaper Corier. Um MSE denied involvement in this uh in the talks."

EasyJet is gaining investor attention with its stock up 3% and reports of potential buyout interest from MSC in partnership with an investment firm, although skepticism remains regarding the strategic fit between an airline and a container shipping business.

Strong Q3 Turnaround for Ericsson

"so it reported this morning a big jump in third quarter profit and a lot of that had to do with the sale of its core routing business I connective. Um it also said that the margins were healthy so that the gross margin forecast came in ahead of expectations and then in addition to that it also signed a 5-year programmable network deal with Vodafone. So that was another boost as well. So analysts said this was a quarter of strong profitability and that despite end markets being quite tough for Ericson it was able to kind of execute strongly in that environment."

Ericsson posted a robust Q3 performance driven by the sale of its core routing business and a strategic 5-year programmable network deal with Vodafone, leading to healthy margins and an improved gross margin forecast amid a challenging market environment.

Bullish Initiation Coverage on StubHub

"Let me add another one to that list. StubHub also up 4.8%. It has been initiated coverage by many on Wall Street. Evercore, JP Morgan, Goldman, and Citizens all initiating bullish calls on the stock."

The speaker points out that StubHub is experiencing upward momentum, with the stock up 4.8% and multiple top-tier investment banks initiating coverage with bullish calls. This signals strong, consensus positive sentiment from major Wall Street players.

Estee Lauder Upgrade by Goldman Sachs

"Just quickly, Estee Lauder is getting an upgrade, upgraded by Goldman Sachs. It's up 4.8%."

The speaker notes that Estee Lauder has received an upgrade from Goldman Sachs, with the stock already up 4.8%, suggesting positive momentum and a favorable view from influential analysts.

Rare Earth Miners Benefit From Pentagon Catalysts

"They are on a front foot let me tell you. USA Rare Earths up 22%, Critical Metals up 21% and MP Materials up 11%. Now, this is on the back of the FT reporting that the Pentagon has stepped up stockpiling of critical minerals, procuring up to $1 billion worth to counter China’s dominance and rare earths that are essential to defense. It follows the export restrictions imposed on many of the materials by China last week."

The speaker emphasizes the robust performance of rare earth-related stocks driven by significant Pentagon stockpiling and current export restrictions from China. This commentary implies a strong structural catalyst for these companies, pointing to a positive outlook in the near term.

Nvidia Leading the Pre-Market Rally

"Nvidia is participating in that. Nvidia is leading the gains of the Mag 7 stocks in the pre-market, up three and a quarter%. The dip is being bought in tech stocks. Nvidia is the big gainer in that way. The stock did drop over uh 4% nearly 5% in Friday session. So, still around a percentage to be made up."

The speaker highlights Nvidia as the primary mover in the pre-market rally for the Mag 7, noting it had a drop in the previous session but is now leading with gains. This commentary suggests a positive near-term sentiment on Nvidia despite a recent dip.

Nexans Faces Turmoil Amid Management Shakeup

"Yeah. So it's a surprise exit of the CEO effective immediately. JP Morgan said that the management shakeup came as a big surprise because it comes just a couple of months after the announcement that the deputy CEO and the CFO would be stepping down as well. They said that the outgoing CEO had been an outspoken leader who had completely transformed the equity story of Nexans. So his departure is not really welcomed. JP Morgan analysts also said that the new CEO, Julia Huber, is a new face and they don't really know how she is going to perform. Just last week the company got downgraded by BNP Paraba with the analyst saying they expect a massive deceleration of earnings growth from next year."

The segment reports a sudden and unexpected CEO exit at Nexans, coming soon after further top management departures. Analysts from JP Morgan express uncertainty over the new CEO's ability to continue the previous strong equity story, and a recent downgrade by BNP Paraba has raised concerns over a significant slowdown in earnings growth. The overall sentiment suggests mounting turmoil and a bearish outlook for Nexans.

Astroenica Rebounds With Significant US Deal

"Yeah, for that company, it is quite significant. So it'll be cutting prices on some of its key drugs in exchange for a bit of tariff relief. So this follows essentially the template that we saw with FISA a couple of weeks ago. The deal means that Ashrazenica will launch all of its new medicines in the US at the lowest prices that were offered to other countries. It will also provide medicines to the Medicaid program at highly discounted prices and expand the number of products sold through its direct to consumer website at heavily reduced costs."

The commentary explains that Astroenica is set to cut prices on its key drugs as part of a deal with the Trump administration, mirroring an earlier template seen with FISA. The arrangement will see its new medicines in the US launched at the lowest prices offered internationally, with additional discounts for Medicaid, and expansion through a direct-to-consumer channel. This proactive move is aimed at capturing regulatory relief and could pressure competitors.

Fresnillo Buy Upgrade Amid Precious Metals Rally

"Yeah, a couple of positive things for Fresno this morning. So, first of all, it got upgraded to a buy rating by HSBC and it's also benefiting from a real big rally in gold and silver. So, silver hit the highest level in decades because a short squeeze in London boosted what was already a really massive rally this year. And then gold, which last week saw a little bit of a dip because of traders exiting their positions to lock in those profits, surged again to another record. And because Fresno operates both gold and silver mines, when there is a lot of investor enthusiasm around those precious metals, it's always really reflected in the shares."

The speaker highlights the recent upgrade of Fresnillo to a buy rating by HSBC, underpinned by a robust rally in gold and silver. The commentary notes that silver has reached multi-decade highs due to a short squeeze, and gold is recovering from a minor dip, benefiting the mining company which operates both metals. The strong performance, evidenced by shares up over 300% year-to-date, is attributed to safe-haven inflows amid geopolitical tensions.

Astroenica Deal Brings Cautious Relief Amid Uncertainty

"So there was news after market close late on Friday that Astroenica, the farmer giant listed in London, had made a deal with the Trump administration to lower some of their prices on drugs in the US in exchange for relief on tariffs for 3 years. So obviously this came after the market close on Friday. Initially, shares were up and analysts were saying this will likely provide some relief, showing a willingness from the US to preserve sector fundamentals. However, shares are now trading slightly lower and there\"s a lot of uncertainty, given the lingering issues related to tariffs and pricing pressures. We\"ll be keeping an eye on their share price through the day."

Astroenica reached a deal with the Trump administration to reduce drug prices in exchange for tariff relief for three years. While the initial market reaction was positive, shares have since dipped amid ongoing uncertainty and concerns stemming from previous pricing and tariff challenges.

Blackstone Mulls Bid for Big Yellow Group

"Indeed. Yeah. This is the self-s storage company landlord across the UK. Big name. You\"ll see their big billboards everywhere. So Blackstone is in the early stages of mulling a bid. Um, Big Yellow Group has a market cap of about 2 billion pounds. So if a bid comes to light, it could be quite sizable. They say they\"re considering the macro environment and the potential impact of the UK budget on the wider space."

Blackstone is reportedly exploring a bid for Big Yellow Group, a major self-storage landlord with a market cap of around 2 billion pounds. The news has already propelled the shares up by approximately 20%, reflecting strong market momentum and investor interest in the sector amid broader economic considerations.

Lloyds Provision and Resilient Distribution Plan

"Indeed. Yes. So, it's really it's laid out this morning the exact additional amount that it's going to take. So, it had already set aside over a billion pounds. So, 1.15 billion pounds and then last week following the FCA's ruling they said there would be another provision and that would be what they called material at the time. Markets were reacting to that last week and then this morning they've revealed the figure, stating it's going to be another 800 million pounds. Meanwhile, Bloomberg Intelligence noted that this additional amount won\"t derail their shareholder distribution plan."

Lloyds has confirmed an additional provision of 800 million pounds, building on the previously set aside 1.15 billion pounds, with the market reacting positively this morning. Bloomberg Intelligence’s comment that the new provision won\"t affect the bank\"s distribution plan adds reassurance that the bad news is already priced in.

Levi Strauss Margins Under Tariff Pressure

"Levi shares down nearly 7%. Now for Levi this comes despite raising its full-year outlook and saying that sales are going to look good until the holiday season. Essentially the market is really hanging on some sentiment around tariffs. They warned that tariffs are starting to bite, with an upgrade on tariff estimates to 20% for the rest of the world, which raises concerns about margin stability heading into the holiday season."

The segment discusses Levi Strauss shares falling nearly 7% amid growing tariff pressures. Despite a raised full-year outlook and optimism on holiday sales, investors are cautious due to updated tariff estimates of 20%, suggesting potential margin compression as tariffs begin to impact costs.

Applied Digital Earnings Boost Drives Pre-Market Rally

"Applied digital up 22% in the pre-market trade. This comes after earnings where their revenue did beat estimates, and they also had some positive details about expanding a lease agreement with Core Weave for additional compute. They are in advanced discussions to build and focus on a data center campus in North Dakota."

The commentary describes a robust pre-market rally for Applied Digital, with shares up 22% following strong earnings and significant developments on a lease agreement with Core Weave. The focus on establishing a data center campus in North Dakota adds positive catalyst potential.

Qualcomm Faces Headwinds from China Investigation

"Qualcomm shares are down over 2 and a half% so far in pre-market trade. This comes as China has started an antirust investigation into the company. Qualcomm, which gets a majority of its revenue from China, is now in the red down 2.6%."

The commentary highlights Qualcomm's exposure to China with about 65% of its revenue coming from the region, and notes that a Chinese antitrust investigation is correlated with a 2.6% drop in pre-market trading. While no explicit trade call was made, the risk linked to regulatory intervention is emphasized.

Lloyds Faces Provision Risks Amid FCA Motor Finance Saga

"Lloyds also has responded to the FCA's long-running motor finance saga just briefly on their share price. It put out a statement today saying that it will have to set aside additional provision to compensate customers who are missold those car loans. It did not give a figure but said the provision might be material. It's already set aside 1.15 billion pounds and probably have to set aside another 500 million, and that is driving down the shares."

The commentary on Lloyds reveals that the bank is facing significant additional provisioning due to mis-sold car loans in the wake of a prolonged FCA investigation. This potential material charge is negatively impacting the stock, reflecting heightened investor concerns over regulatory and credit risks.

HSBC Faces Near-Term Buyback Constraints

"What about the investor reaction though? Yeah, they're actually are down quite a bit this morning after announcing plans to privatize Hangang Bank, which is one of its Hong Kong subsidiaries that has been in quite a troubled spot lately. So, HSBC owns about 63% of that bank and it will spend around $14 billion buying the shares it doesn't already hold. The problem that investors seem to have with this is that to keep its capital ratio within range, HSBC said it will have to refrain from buybacks for the next three quarters. So investors tend to want those buybacks, which explains the shares being down this morning."

The commentary highlights that HSBC's plan to privatize its troubled Hong Kong subsidiary and the subsequent pause on share buybacks for three quarters has weighed on investor sentiment, causing the shares to drop. This reflects concerns over near-term shareholder returns despite the strategic long-term growth investment in Hong Kong.

Autobank IPO Marks a Strong Debut in Frankfurt

"And then next to Frankfurt and an IPO. Autobank. Yeah. So Autobank is a really interesting firm. It's prosthetics firms. They make things like artificial limbs. They've actually partnered with the Parolympics since 1988, interestingly. So they listed in Frankfurt this morning. It's the biggest IPO in Germany in over a year and shares are well they've risen higher at one point they're about 11% higher than the offering price and that was at 66 a share which was the top end of the range. So they raised about just over 700 million euros for their IPO."

Louise Moon highlights the debut of Autobank on the Frankfurt stock exchange, emphasizing that it is the biggest IPO in Germany in over a year. The firm, specializing in prosthetics, has seen its shares surge up to 11% above the offering price, signaling strong investor interest and a robust market debut.

Ferrari Scales Back Electric Ambitions Amid Share Decline

"Yes. So, they have scaled back their electric ambitions essentially. So, they now expect only 20% of their 2030 lineup is going to be fully electric. That's half of what they previously expected. They had expected 40%. And essentially they're filling that gap with their fully uh their combustion cars. So that will now be 40%. So they're doubling their combustion offerings. Essentially showing kind of a renewed focus on engines and that has obviously defined Ferrari for decades. So they're kind of going back to their core following a lot of other car makers that have also pulled back from from electric ambitions. It's it's obviously very expensive. Uh there's been kind of a failure to get enough customers. Um, so Ferrari shares are are dropping almost 2% this morning. Um, we'll be keeping a close eye on them though throughout the morning cuz they're they they've got a couple markets day and they're planning to announce their financial targets."

In the segment on Ferrari, the speaker details a strategic shift where Ferrari is reducing its electric ambitions in favor of its traditional combustion models, now expecting only 20% of its 2030 lineup to be electric. This strategic pivot, combined with a noted share drop of almost 2% and challenges in customer acquisition, presents near-term uncertainty for the stock.

HSBC Restructuring and Halt on Buybacks Concern Investors

"And then secondly HSBC planning to take their Hong Kong unit Hen Bank private. So they're going to buy out minority investors. They'll spend about 14 billion US on that. Um but as a result to kind of have enough cash for this to finance this, they're going to refrain from buybacks for the next three quarters. So shareholders not reacting positively to that. So shares fell both in London and in Hong Kong where they're where they're listed."

Louise Moon explains that HSBC is moving to privatize its Hong Kong unit by buying out minority investors at a cost of around 14 billion US dollars, which has forced the bank to halt buybacks for the coming three quarters. This measure has led to a negative market reaction with shares falling in both London and Hong Kong.

Lloyds Provision Warning Signals Short-Term Headwinds

"So Lloyds firstly, they issued a warning this morning saying they have to set aside more money and that's to compensate customers over the long ongoing long-running car loan saga in the UK. So just to recap that the UK's FCA the regulator said they expect banks or auto lenders relevant auto lenders to take about an 11 billion pound hit and that's to compensate customers. This is less than expected but obviously still hefty and lawyers have responded to that this morning, saying that they have to set aside more cash."

Louise Moon discusses Lloyds issuing a warning to set aside additional funds for a long-running car loan issue, noting that while the hit is less than expected, it remains substantial and could be material. The commentary highlights potential near-term pressure on the stock as further provisioning might be required.

Intensifying Credit Score Competition Weighs on FICO

"Also shares of FICO. I mean this is a company that we cant stop looking at especially the back and forth that were seeing between FICO and its private competitor advantage score. Whats going on? What happened today? We are seeing even more of that playing out today. So FICO FICO shares down almost 10% worst day since the end of May. Equifax said that its Vantage score 4.0 service. Its going to offer mortgage credit scores at $4.50 through the end of 2027. And thats more than 50% cheaper than what FICO is currently offering. So basically, its responding to their monopoly like doubling of their mortgage credit score prices to $10 in 2026. So really seeing that rivalry play out. It was a really big decline in in FICO shares which had been climbing up until today."

The discussion on FICO highlights a nearly 10% drop in share price, driven by competitive pressure from Equifax whose Vantage Score service is offering significantly cheaper mortgage credit scores. The rivalry is described in terms of pricing strategies, with FICO facing challenges after raising its prices, thereby intensifying the debate over its monopoly in the credit scoring market. This competitive dynamic has led to a bearish sentiment for FICO.

Bearish Developments at Jeff Financial Group

"So Jeff Financial Group, its ticker JF. Shares fell almost 8% today. This is the worst drop since April 10th. This is actually after a Bloomberg news report. So, Black Rockck requested to pull some money. It invested in Point Bonita Capital, which is a unit of Jeffre, Lucadia Asset Management, and it has large exposure to First Brands Group. So, this is a bankrupt auto parts supplier. It actually filed for bankruptcy on September 28th. And actually, theres a good note out just now from Bloomberg Intelligence about what this might mean for Jeff. So basically the loss exposure to first brands could be as much as 45 million which is 3 to 4% of 2026 pre-tax income. So thats from Neil Cypes of Bloomberg Intelligence. So seeing sort of a ripple effect there."

The commentary on Jeff Financial Group (JF) outlines an 8% drop in shares, marking the worst performance since April 10th, triggered by concerns following a Bloomberg report. The exposure to a bankrupt auto parts supplier, First Brands Group, could potentially cost the company up to 45 million dollars, impacting pre-tax income, signaling a clearly bearish sentiment.

Bullish Commentary on AMD Amid AI Rally

"So, the first thing that I was looking at today, AMD Advanced Micro Devices had yet another huge gain today. Shares closed up 11.3%. This is another record high and it continues a 3-day winning streak that’s seen the stock rise more than 40%. This is really all coming off of the Open AAI deal earlier in the week. Basically saying that OpenAI will deploy, you know, 6 gawatt worth of AMD graphics. This is just really important for the company. It sort of shows that it can compete with Nvidia."

The speaker highlights AMD's strong performance with an 11.3% gain on record highs and a 3-day rally, attributing the momentum to a recent OpenAI graphics deal. The commentary underscores how this deal not only boosts AMD's competitive edge against Nvidia but also paves the way for potential strategic investment from OpenAI, adding to a bullish outlook in the tech space.

HelloFresh Faces Safety Concerns Amid Drop in Shares

"And Louise, what's happening at HelloFresh? Should we be calling them Hello Rotten? We could be soon. So, their shares dropping as much as 7% today. So, their lowest since about June last year, and this is on a public health alert in the US. So saying that some of their ready to eat meals that sold by the company uh that the spinach within them might be contaminated with a type of bacteria and this bacteria can cause will typically cause kind of fever- like symptoms. Um this is items that are shipped directly to consumers and uh HelloFresh notified the the US food safety department that they it could be contaminated."

HelloFresh is under scrutiny as shares drop up to 7% following a public health alert in the US. Concerns center around potential contamination in ready-to-eat meals, specifically contaminated spinach that could cause fever-like symptoms, raising risks of further product recalls and impacting investor sentiment.

Shell Q3 Update Shows Rebound Despite Challenges

"Meanwhile, Shell uh the oil giant rebounding. Why? So they they had a third quarter update. This is ahead of their their actual earnings that are coming later this month. And one of their biggest profit boosters, one of their units that's the the biggest contribution to profits has made a comeback essentially. So their energy trading unit that was the key focus. They're saying that gas trading was significantly higher and oil trading was higher. And this is a turnaround from the previous quarter. it was hit by or they they say it was hit by uh geopolitical kind of volatility that was hitting the wider market and and really hit Shell and the energy trading unit."

Shell's Q3 update highlighted a rebound in its energy trading unit, with both gas and oil trading showing significant improvements over the previous quarter. The positive turnaround is attributed to strong execution from the CEO, including cost cutting and shedding underperforming units, although concerns remain over a $600 million impact from shelving a project and ongoing losses in the chemicals unit.

B&M Profit Warning Leads to Plunge

"Indeed. Yeah, they plunged 22% when markets opened this morning. So, record drop to a record low adding to losses already this year. They're already down about almost 40% so far this year. And essentially, this is because of a profit warning this morning. So, analysts are saying what B&M are now forecasting for the year is significantly below guidance. So, far below what was previously expected."

The CEO of B&M has described the company's results as weak following a profit warning, resulting in a sharp 22% plunge and a cumulative drop of nearly 40% this year. The commentary highlighted operational issues like excessive product ranges, duplicated promotions, and poor shelf availability, with a turnaround plan expected to take 12 to 18 months focused on the UK market.

B&M Suffers Sharp Decline Amid Operational Challenges

"The British retailer B&M experienced a significant drop with shares falling over 20% this morning following a profit warning. The CEO explained that an internal review uncovered weak operational execution including static, duplicative in-store promotions, an overly complex product range, and very poor on-shelf availability. Profit guidance is now expected to come in at least 40 million pounds below analyst expectations. In response, the CEO has launched a new strategic plan called 'back to B&M basics', but for now, investor sentiment remains cautious."

This segment outlines a negative update for B&M, where a combination of operational inefficiencies and a disappointing profit forecast has led to a drastic share drop of over 20%. Although a new turnaround strategy is in place, the current sentiment is bearish as the company faces a challenging short-term outlook.

Imperial Brands Buys Back Shares and Delivers on New Generation Growth

"Imperial Brands is another top performer in Europe. It is on track to meet its full targets thanks to growth in both tobacco and new generation products, and it recently announced a new buyback of 1.45 billion pounds. The new CEO, who started on October 1st, now faces the challenge of executing a five-year strategy to 2030, which focuses on continuing cigarette growth while scaling new generation products and creating a more efficient organization."

The commentary centers on Imperial Brands surpassing expectations with robust performance in both traditional tobacco and new generation products. The fresh share buyback and the new CEO's five-year strategic plan are seen as catalysts to drive further operational improvements and growth, adding a positive nuance to the stock's outlook.

Positive Outlook on LVMH & Kering Following Morgan Stanley Upgrade

"So we have LVMH and Kering up on the back of an upgrade from Morgan Stanley. They were both upgraded to an overweight rating. Morgan Stanley mentioned that even though it is a bit early to go all in on luxury given some expected weakness in 2026, industry insiders are most positive over the medium term, identifying winners and losers. LVMH and Kering are deemed winners as they should benefit from a burst of creativity and new wave of creative directors ahead of their upcoming earnings update."

The segment highlights that Morgan Stanley upgraded LVMH and Kering to overweight ratings as they are expected to benefit from new creative trends and a shift in fashion aesthetics, particularly ahead of upcoming earnings updates. This is contrasted with a downgrade for Prada due to competitive pressures.

Verizon Leadership Shakeup Sparks Share Price Decline

"Among the worst performers on a percentage basis was Verizon ticker VZ actually shares closing the worst one day drop I should say going back to April of this year. Some surprise news from the suite as Hans Vesber is out after eight years as CEO, with former PayPal CEO Dan Schulman coming in to replace him. Vesber will stick in the role of adviser to the company for the next year to ensure a smooth transition, including the integration with Frontier Communications. Verizon has been losing subscribers and market share, shedding 51,000 monthly mobile customers in the second quarter, and closed down 5.1%."

The speaker discusses Verizon's notable drop driven by a leadership change and ongoing issues such as losing subscribers and market share, suggesting caution for investors.

Stellantis’ $10 Billion US Investment as a Tariff Mitigation Catalyst

"Stellantis is planning about $10 billion of investments in the US. This is part of the new CEO strategy of refocusing on that key US market after previous management had decided to invest heavily in Europe... Stellantis is also lobbying the administration to potentially soften the 25% tariff that would affect its operations in Mexico. The market has welcomed this move, as evidenced by shares rising this morning."

Stellantis is making a strategic move by planning significant investments in the US aimed at mitigating tariff risks and leveraging potential tariff relief. The market response has been positive, indicating investor approval of this shift.

Aston Martin Outlook Cut Signals Potential Decline

"Aston Martin shares fell massively today because it cut its outlook for the second time this year. It blamed tariffs and broader economic challenges, noting that the US quota system makes it really hard for British car makers to plan production and forecast sales. Sales are now expected to fall in the US and Asia, with profits coming in below the lower end of expectations."

The commentary on Aston Martin details a significant outlook cut triggered by challenges such as tariffs and economic slowdown, which is expected to negatively impact sales and profits, indicating a bearish sentiment for the stock.

Rumble Rallies on AI Partnership

"Rumble is catching a huge bid this morning ... integrating AI into its video sharing platform with a new partnership with Perplexity, lifting shares 13% in the pre-market."

Rumble (RUMBLE) is experiencing a significant pre-market rally, up 13%, driven by news of an AI integration partnership with Perplexity. This move not only introduces a new subscription model but also leverages AI to enhance user engagement, signaling a bullish turn for the platform which previously benefited from favorable political endorsements.

TSMC Powers Ahead Despite Huawei Concerns

"TSMC still powering ahead in the pre-market. It's up about 2% and hovering near all-time highs."

The hosts note that despite the tensions surrounding Huawei and related export restrictions, TSMC (TSM) is showing strength in the pre-market trading by being up 2% and near its all-time high, suggesting continued investor confidence and robust market performance.

Applied Materials Impacted by US Restrictions

"Applied Materials taking it on the chin this morning ... announced that it's going to take a $600 million hit to revenue due to new US government restrictions."

The discussion highlights that Applied Materials (AMAT) will suffer a significant revenue hit of $600 million because of expanded US government restrictions intended to block sanctioned companies from obtaining restricted goods. The commentary implies a negative near-term outlook for the company as part of a broader semiconductor equipment impact.

Novo Nordisk Upgraded to Buy by HSBC; Catalysts on the Horizon

-9.84%current return

"Novo Nordisk got upgraded to a buy rating from HSBC. The analyst noted that Novo might be able to gradually turn a corner, with potential catalysts including its reimburse medical channel, direct to consumer channel, and the evoke trial for Alzheimers."

HSBC upgraded Novo Nordisk from hold to buy, citing the potential for the company to turnaround its recent weaknesses. With catalysts like a promising evoke trial for Alzheimers and improvements in its medical channels, this represents an actionable trade call for investors.

Zemen Explores Spin-Off of Seammen's Health Stake

"Its exploring a spin-off of the majority stake in Seammens Health which could sharpen strategic clarity and potentially boost valuation, although there are concerns over an untested structure and a possible big tax hit for investors."

Zemen is weighing options including a spin-off of its 71% stake in the medical equipment company Seammens Health. While the move could simplify its structure and boost valuation, the untested nature of such spin-offs in Germany and potential tax implications introduce uncertainty.

Brunello Cucinelli Reaffirms Growth and Dispels Short Seller Claims

"Brunello Cucinelli reported a jump in sales this morning and it also reaffirmed its targets for the year of 10% revenue growth. But perhaps more importantly, the juicier part of the news today is that it did push back against claims from a short seller. The co-CEO said the Russian business is like a candle that is burning out."

Brunello Cucinelli dispelled allegations by short seller Morpheus Research regarding operations in Russia and maintained a positive outlook by reaffirming a 10% revenue growth target. Investor confidence appears to be restored as shares recovered from prior weakness.

Fermi's Strong IPO Debut Driven by Data Center and Power Ambitions

"The third name is Fermy. This is another IPO story. The ticker is FRMI. The stock is up by 54% today. ... This is the real estate investment trust founded by the former US Secretary of Energy Rick Perry. ... it expects to have 1 GW of power online by the end of next year and then about 11 GW of power by 2023."

Fermi (ticker FRMI) made a strong market debut with a 54% surge on its IPO, reflecting investor enthusiasm for its integration of data center real estate and energy infrastructure. With ambitious power capacity targets and backing from a well-known political figure, the company may capture interest from momentum investors looking for exposure to infrastructure and tech convergence.

Neptune Insurance Holdings IPO and AI Underwriting

"Also on your list this afternoon, Neptune Insurance Holdings. ... shares jumped 24% today. The IPO price was $20 per share closed at 2480. The company raised almost $370 million. ... so for Neptune the story is it has AI-driven underwriting agent that scans all possible quotes and gives the best pricing for customers."

The discussion covers Neptune Insurance Holdings, an IPO play in the insurance space. The company, which leverages AI technology for underwriting, saw a notable 24% jump on its trading debut. This innovative approach in a niche market such as flood insurance makes it a potentially interesting play in the insurtech segment.

Tesla Outperforms Despite Delivery Concerns

"Tesla's on your list. It was one of the biggest outperformers today. The ticker is of course TSLA. Uh the stock is up by 3.3% ahead of expected quarterly delivery numbers. ... However, many headwinds include the end of this consumer EV tax credit, some backlash around Elon Musk's politics, and globally, we see that sales in China, in Europe are moving down."

The segment highlights Tesla's strong intraday performance with a 3.3% increase ahead of its quarterly delivery announcement. While delivery numbers were slightly down compared to last year and headwinds are noted such as the EV tax credit expiration and geopolitical factors, Tesla remains a focus due to its market momentum and upcoming results.

Greggs Update Eases Investor Concerns Despite Past Woes

"Finally, Gregs. Investors seemed convinced after the trading update this morning. They mentioned that training improved in August and September, cost inflation was easing, and the update confirmed previous expectations, providing some relief after a tough update in July when short sellers had taken big positions."

Greggs reported its best jump since 2021 following a trading update that showed improved in-store performance and easing inflationary pressures. Although challenges remain such as slower store openings and persistent volume weakness, the reassuring update has calmed investor fears, suggesting a potential recovery path.

Sportswear Ripple: Puma and Adidas Gain from Nike Turnaround

"Yes, so Puma but also Adidas were up on the back of this of Nike's turnaround this morning. Yesterday night, Nike reported earnings with a strong performance in the running and wholesale segments, and even though Nike mentioned some weakness in China, the overall sales beat was taken as a sign of consumer momentum. Puma in particular has been in a tougher spot, so the improved consumer environment is definitely a boost."

The discussion highlights that despite initial concerns that Nike's strong earnings could hurt European rivals, both Puma and Adidas benefited from the positive market sentiment driven by Nike's turnaround. Puma, which had been struggling to attract shoppers, appears poised to recover with renewed consumer momentum.

US Government Stake Boosts Lithium Americas (LAC)

-3.63%current return

"We did see this one in the aftermarket... Lithium Americas because the US government agreed to acquire a stake in the company... Secretary of Energy Chris Wright saying on Bloomberg TV giving a boost to the Canadian company as it develops its theroper pass lithium project in Nevada. Ticker for that is LAC up in the after hours."

Lithium Americas (LAC) has received a boost following news that the US government has acquired a stake in the company. This involvement, along with positive commentary from the Secretary of Energy regarding its lithium project in Nevada, has helped propel the stock higher during after-hours trading.

CoreWeave Secures Major Contract With Meta

-0.84%current return

"Coreweave... this was one in the regular trade that also rallied in today's session. The stock finished the day up by 11.7%. Coreweave agreed to supply computing power to Meta platforms worth $14.2 billion and will provide access to the latest Nvidia chips."

CoreWeave experienced a significant rally, up 11.7% in today’s session, after securing a massive $14.2 billion contract with Meta, which includes supply of the newest Nvidia chips. Analysts view this development as a positive catalyst that diversifies its revenue base beyond its heavy reliance on Microsoft.

Positive Earnings and Restructuring at Nike (NKE)

-9.00%current return

"We're looking at shares of Nike... results came better than expected. We see strength in wholesale business... and overall these reports underscore that efforts to restructure business are kind of doing well. We see that Nike is clearing out old inventories and also working with wholesale segment overall."

Nike reported earnings that surpassed expectations with better-than-expected revenue results and effective restructuring strategies, including clearing out old inventories. This indicates a positive operational trend for Nike.

Zillow Shares Decline Amid FTC Scrutiny Over Partnership

"Zillow fell by 4.3% as the FTC launched legal action over its partnership with Rocket Companies, a deal that had previously involved a $100 million upfront payment to facilitate advertising agreements."

Zillow is experiencing a decline, down 4.3%, following regulatory scrutiny regarding its strategic partnership with Rocket Companies. The FTC is concerned that the deal could shrink competition in the apartment listings market, adding a regulatory risk factor to Zillow's outlook.

Rocket Companies Impacted by FTC Lawsuit Over Zillow Partnership

"Rocket Companies is down about 3.8% today after the FTC sued to block a partnership between Zillow and Rocket Companies, citing concerns that the deal would reduce competition and drive up advertising prices."

Regulatory pressure emerges as the FTC moves to block a deal between Rocket Companies and Zillow, leading to a noticeable decline in Rocket Companies' stock price. The legal intervention highlights potential headwinds regarding market competitiveness and regulatory risks in the real estate listing sector.

DraftKings Faces Increased Competition from Robinhood in Sports Betting

"DraftKings shares fell 11.6% after Robinhood posted trading metrics showing that contracts traded reached about 187 million, signaling increased competition from traditional trading platforms entering the sports betting space."

DraftKings is being challenged as Robinhood starts offering sports betting contracts, intensifying competition in the niche. The market has reacted strongly, with DraftKings' shares dropping over 11%, highlighting concerns about its competitive positioning.

Spotify Leadership Transition Sparks Investor Concerns

+4.15%current return

"Spotify shares are falling 4.2% after the company announced that CEO Daniel Ek is transitioning his role to chairman, leaving day-to-day leadership in the hands of co-CEOs Gustaf Soldestrom and Alex Nordstrom. Ek will remain involved in key strategic decisions."

Spotify is undergoing a leadership transition with its founder stepping back to a chairman role. Despite his continued involvement, the market reacted with a 4.2% decline in share price, reflecting investor caution about the change in management.

Lamb Weston Posts Strong Q1 Results Amid Restaurant Recovery

+4.82%current return

"Lamb Weston reported adjusted earnings per share and net sales for the first quarter that beat consensus estimates due to improved restaurant foot traffic, especially in the chicken fast food segment."

Lamb Weston beat expectations in Q1 as improved restaurant foot traffic, particularly in chicken fast food restaurants, boosted its performance. The solid results suggest favorable underlying demand in the consumer dining sector.

Pfizer Gains on Drug Pricing Concessions and Tariff Relief

-9.94%current return

"Pfizer is your number one gainer in the S&P with that 7% gain. The company agreed to lower drug prices in exchange for relief on tariffs and will get a three-year grace period from President Trumps pharma tariff."

Pfizer experienced a notable 7% gain following announcements related to lower drug pricing and a three-year grace period from pharmaceutical tariffs, which is positively impacting the broader healthcare sector.

CoreWeave Diversifies Customer Base, Drives Rally

-0.84%current return

"Let's go to CoreWeave, guys, cuz this one up 16 and a half% at its highs today, finishing the day with a gain of just shy of 12%. And one of the key points is that the stock rallied after signing a deal to supply Meta Platforms with as much as 14.2 billion dollars worth of computing power through December 2031, with an option to extend through 2032. This not only provides visibility but also diversifies CoreWeave away from Microsoft."

Discussion focused on CoreWeave, an IPO this year that has surged 273% year-to-date. The company’s recent deal with Meta Platforms has increased its visibility and diversified its customer base beyond Microsoft, contributing to its strong performance with a significant session gain.

Close Brothers Faces Short-Term Financial Hit but Eyes Longer-Term Growth

-3.00%current return

"Close Brothers recorded a 30 million pound impairment charge following the disposal of its vehicle hire business, and set aside another 33 million to implement a redress program for customers. Despite this tough morning, analysts note that exiting this business, combined with a favorable UK Supreme Court decision over car finance commissions, could lay the foundation for future growth."

Close Brothers is undergoing short-term financial setbacks due to an asset disposal and related expenses. However, a recent legal win and the strategic exit from its vehicle hire business may provide a platform for long-term improvement, balancing near-term pain against potential future benefits.

ASOS Earnings Guidance Dims Amid Turnaround Challenges

"ASOS saying its earnings will likely be lower or at least at the lower end of expectations. Shares are down 9% this morning as the company goes through a turnaround plan amid increased competition and delayed impact of new marketing initiatives."

ASOS provided subdued earnings guidance due to a protracted turnaround effort and stiff competition from fast-fashion rivals. The market reaction, evidenced by a 9% drop, reflects investor concerns regarding near-term sales and performance.

UBS Warns of Capital Requirement Impact and Potential HQ Move

+6.12%current return

"UBS has reiterated its critique of Switzerland's plan to increase its capital requirements. It said that would really hurt competitiveness and that it would put its future in doubt. One of the main shareholders, Seven Capital, actually said that the bank had no other choice but to either leave Switzerland or be acquired by a competitor if the reforms are implemented as they are."

UBS is raising concerns over Switzerland's new capital requirements that could force significant strategic changes, including a potential move of its headquarters. The strong language indicates worry over competitive positioning amid expensive regulatory demands.

EA Rally Propelled by Record LBO Deal Sparks Bullish Sentiment

-0.63%current return

"EA Electronic Arts ticker EA closing up on the day four and a half% when you go back to using a two-day move up more than 20% this coming after a deal to be acquired in the largest leverage buyout on record to a group of investors that includes a firm managed by President Donald Trump's son-in-law Jared Kushner and Saudi Arabia's sovereign wealth fund."

The discussion on Electronic Arts (EA) focuses on a substantial rally fueled by a record leverage buyout deal. The strong price recovery -- after earlier lows following a problematic game rollout -- and the involvement of high-profile investors signal renewed market optimism, positioning EA as a stock with significant near-term upside potential.

Carnival Cruise Faces Immediate Headwinds with Weak Q4 Guidance

+2.02%current return

"Carnival, man, what a swing today. Ticker CCL was down at one point almost 6% closed down about 4% worst day since June. This comes after the company gave a trailing expectations in terms of guidance for the fourth quarter. And talking about the cost headwinds they're facing in 2026."

The commentary highlights a significant negative move for Carnival (CCL), noting a roughly 4% decline and the worst trading day since June. The discussion points to weak Q4 guidance and upcoming cost headwinds for 2026, which may impact future bookings. Peer pressure from other cruise lines like Royal Caribbean is also noted, suggesting immediate caution for investors.

Electronic Arts Set for Private Buyout

-0.79%current return

"I just wanted to put out electronic arts. I mean this one about to be public no more. The stock was up about four and a half percent this after agreeing to sell to a group of private investors in a deal that values the company at about 55 billion marking the largest leverage buyout on record."

Electronic Arts is in the process of being taken private through a massive leveraged buyout valued at $55 billion, including around $20 billion of debt. The news comes on the heels of a 15% jump earlier, followed by a 4.5% increase, fundamentally changing its trade profile for public investors.

Tillray Brands Surges on Presidential Endorsement

-16.67%current return

"Tillray Brands, ticker TLR Y, was up about 61% here at the close, pretty much finishing the day at its highs of the session. President Trump posted a video on social media yesterday that touts medical benefits of hemp derived CBD for seniors."

Tillray Brands saw an explosive 61% surge, catalyzed by a presidential video highlighting the medical benefits of hemp-derived CBD, suggesting increased investor interest driven by political endorsements and media attention.

Analyst Upgrades Propel Apploven Amid Gaming Momentum

"I had to talk about Apploven because this one at its highs today up about 11% finishing the day with a gain of about 6 and 1/3 percentage point. Analysts have been weighing in on this one in a big way, raising their price targets, creating new street highs, one after another. On Friday, Piper Sandler raised its price target to 740 from 500. On Friday, also, UBS raising its targets to street high view of 810 from 540, and today, Morgan Stanley raised the target on it to 750 from 480, maintaining its overweight rating."

Apploven, a mobile app marketing company, experienced strong gains with an 11% intraday high and a 6.3% daily increase. Several top-tier analysts have significantly raised their price targets citing momentum in gaming, exceptional profit margins, and robust growth, with the stock more than doubling this year.

Jefferies Boutique Player Beats Expectations Amid Modest Trading Move

-22.74%current return

"We had some optimism when it came to a really big LBO today. We did. ... Jeffree Sticker beating expectations broadly. I mean it's not a closely followed stock. It's not really necessarily that big of a company. It's only about $14 billion in market cap. So relative to I don't know call it Goldman Sachs which is $253 billion. A small boutique player but pretty solid results on capital markets."

The discussion about a small boutique player highlights that the company (referred to via Jeffree Sticker, trading under ticker JF) beat earnings expectations on capital markets despite a modest 1.7% decline in after-hours trading. This insight provides investor color regarding the performance and relative size of the firm compared to larger institutions, hinting at stable performance in a niche segment.

Electronic Arts Rally Following Record-Leverage Buyout Deal

-0.79%current return

"EA Electronic Arts ticker EA closing up on the day four and a half% when you go back to using a two-day move up more than 20% this coming after a deal to be acquired in the largest leverage buyout on record to a group of investors that includes a firm managed by President Donald Trump s son-in-law Jared Kushner and Saudi Arabia's sovereign wealth fund. Guys, $55 billion for a video game maker in electronic arts."

EA appears to be benefiting from a highly publicized buyout deal, which has buoyed its share price significantly. The commentary notes a strong rally over a short period and suggests that the corporate action has injected considerable bullish sentiment into the stock.

Carnival Cruise Struggles Amid Guidance and Cost Headwinds

+3.72%current return

"Carnival, man, what a swing today. Rough go for Carnival. Ticker CCL was down at one point almost 6% closed down about 4% worst day since June. This comes after the company gave trailing expectations in terms of guidance for the fourth quarter. And talking about the cost headwinds they re facing in 2026."

The commentary highlights a significant negative move for Carnival Cruise Lines (CCL), with shares experiencing their worst day since June due to weak guidance and anticipated cost headwinds extending into 2026. This adds investor caution regarding future bookings and profitability.

DoorDash Benefits from Expanded Kroger Partnership

-3.52%current return

"That is Door Dash, uh, we are seeing shares of Door Dash rising. Of course, this is after it's expanding its relationship with the grocery store chain operator Kroger. Uh so we are seeing Kroger just up a touch here. Uh but essentially we're looking at Instacart of course in focus. That is a competitor here to Door Dash. But I mean Kroger should be launching almost 2700 of its stores on the Door Dash platform starting October 1st."

DoorDash (DASH) is seeing rising shares following the expansion of its relationship with Kroger, which will integrate nearly 2700 stores onto its platform starting October 1st. This strategic partnership positions DoorDash favorably against competitors like Instacart.

CSX Shares Rally on Leadership Change and Deal Speculation

+2.83%current return

"Also looking at shares of CSX. This one though in the green up as much as 4.1%. This one also has no sell ratings here. Uh up for its biggest intraday gain since July in this year. And this is after the company named Steve an angel as its new CEO. This of course comes after the abrupt departure that we saw from Joe Henriches. This really overhauled the railroads leadership ... Bloomberg did report back in July that CSX is working with Goldman Sachs to explore options for a deal of its own."

CSX is experiencing a strong intraday gain of 4.1% following the appointment of its new CEO, Steve An Angel, and leadership overhaul. The company is also exploring strategic options with Goldman Sachs, which adds to investor optimism amid competitive pressures from peers.

Carnival Q4 Guidance Disappoints Amid Positive EPS Beat

-3.72%current return

"They also lifted their guidance for the full year in terms of their adjusted net income here. But SEFO is really coming out saying that investors could be "nitpicking" the company's lower than expected fourth quarter net yields guidance. So you are seeing this as one of the worst performing stocks in the S&P 500 today, ticker CCL. But I mean, if you look at what the street is thinking more broadly, Wall Street has no sell ratings on the stock right now. About 74% of analysts are advising that people buy."

Carnival (CCL) reported an EPS beat and raised full-year guidance, but its disappointing Q4 net yield forecasts have led to investor nitpicking. Despite being one of the worst performers in the S&P 500, a majority of analysts still recommend buying the stock.

EA Takeover Speculation Fuels Rally Amid Private Deal Talks

+3.70%current return

"This is after talks that it27s going to be taken private by a consortium led by Silver Lake Management, Saudi Arabia27s public investment fund, and Jerry Kushner27s Affinity Partners."

Electronic Arts (EA) rallied 12% this week amid news of an impending takeover by a consortium. The potential deal, with a financing package being arranged by JP Morgan, injects fresh momentum into the stock and signals significant corporate action in the gaming sector.

CarMax Struggles Amid Weak Results and Consumer Distress

+4.15%current return

"Wall Street analysts and investors really just coming out and saying, "Hey, you know, this is not a good look right now.""

CarMax was the worst performing stock in the S&P 500 this week, down about 23%, following weaker-than-expected results. Management attributed the downturn to a strained used car market, impacted by factors such as consumer distress and fallout from tariffs, casting a negative light on its near-term prospects.

Intel Strategic Move and US Government Stake

+4.40%current return

"What we were digging into is the fact that it had approached Apple about securing an investment particularly to help bolster some of its efforts toward being more competitive in the space."

The discussion highlighted Intel7s effort to secure investment from Apple as part of its strategy to bolster competitiveness amidst increasing emphasis on US-made production. The commentary also touched on the unique element of US taxpayers owning a significant stake in Intel, underscoring potential state-influenced catalysts.

Mixed Outlook for CLA IPO Amid Rising Competition and Interest Rate Concerns

"CLA fell 3.8% today. Remember it IPOed a few weeks ago at about 40 at $40 a share fell below the IPO price for the first time and increased competition worries about interest rates. We're not seeing any cracks in the consumer."

The discussion on CLA, a recent IPO, notes that the stock has fallen 3.8% and is trading below its IPO price, driven by concerns over increasing competition and interest rates. This casts a slightly negative light on the near-term outlook.

Caution on RH Amid Weaker Quarterly Guidance and Weak Performance

+13.65%current return

"Shares down today by about 2.9%. RH. They operate the restoration hardware chain of stores. ... the premium valuation versus its peers contributed to high expectations going into this print. Shares down today by about 2.9%. RH with the outspoken CEO has already declined 46% this year."

RH (Restoration Hardware) is shown in a negative light as shares are down due to mixed quarterly results and high valuation expectations. The commentary, supported by the fact that RH has fallen 46% this year, suggests caution.

Domestic Truck Maker Benefiting from Tariffs

-5.75%current return

"I also want to mention Paccar. It was topping in the S&P 500, the NASDAQ 100 here at the close, up about 5.2%. It's a truck maker and it rallied after the President Trump announced new industry specific tariffs that include a 25% levy on heavy trucks. And Alice say this company will benefit because it makes a lot of its trucks right here in the United States."

The commentary points out that Paccar, a domestic truck maker, surged roughly 5.2% on news of a 25% tariff on heavy trucks. The emphasis on U.S.-based production underpins a bullish outlook amid government policy favoring domestic manufacturing.

Electronic Arts: Potential Buyout Catalyst on the Radar

+3.70%current return

"Electronic Arts up about 15% here at the close today. This as that story came out that this company is nearing a deal to go private. It would be a massive deal to go private. We're talking about maybe a $50 billion leveraged buyout. ... All right so EA definitely on my radar."

The discussion highlights EA's significant 15% gain and the potential for a historic leveraged buyout around $50 billion, signaling a strong catalyst. The comment 'EA definitely on my radar' suggests actionable interest in the stock.