Good MorningStocks moved higher late Wednesday, with the Nasdaq leading gains as investors positioned ahead of major third-quarter reports from Tesla and Meta Platforms. Earnings remained a central driver: Thermo Fisher reported third-quarter revenue growth of 9% and adjusted EPS growth of 15%, while Danaher and Thermo Fisher shares reversed higher following their results and outlooks.
Artificial intelligence investment continued to shape market sentiment. SpaceX’s reported quarterly revenue and profit growth helped ease concerns about AI-compute demand, lifting interest in neocloud-related names, while Super Micro raised its revenue forecast on surging AI data-center demand. General Motors outlined an AI-focused strategy centered on a new EV platform, batteries and faster vehicle development, though analysts flagged potential 2027 cost pressures.
Corporate dealmaking and company-specific volatility also drew attention. Salesforce’s proposed $5.7 billion acquisition of Braze received favorable strategic reviews, although analysts cited questions around Salesforce’s organic growth. Netflix shares slipped after slowing sales growth and a lower advertising outlook, while Skydance rebounded after a warrant-related selloff. Boeing secured FAA certification for its 737 MAX 10, a key milestone for its narrowbody aircraft lineup. Featured: Don't make this mistake before Election Day (Ad) 
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Consumer Discretionary | |
General Motors (NYSE: GM) did almost everything investors could have asked for in its third-quarter report on Tuesday, Oct. 20. It posted record revenue of $50 billion, beat estimates with adjusted earnings of $3.70 per share, and delivered $4.1 billion in adjusted operating profit.
It then unvei... Read the Full Story |
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Industrials | |
Geopolitical friction across Eastern Europe and the Middle East has rapidly depleted allied defense inventories. Replenishing these advanced systems is a fully funded, bipartisan priority within Western defense budgets.
While prime contractors usually grab the headlines, compelling opportunities of... Read the Full Story |
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Markets | |
While attention has focused on the brutal sell-off tearing through the technology sector and the AI trade, something notable has been happening in another corner of the market. The biotech and pharmaceutical sector has held its ground and, relatively speaking, done so impressively.
As the Nasdaq-10... Read the Full Story |
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Markets | |
It has almost become cliché that semiconductors are the drivers of much of the market's growth, but persistent elevated demand for AI hardware, cloud computing tools, data centers, and other applications has fueled massive rallies in recent years. Even so, the industry is not completely safe from s... Read the Full Story |
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Finance | |
Wall Street priced Synchrony Financial (NYSE: SYF) for a retail credit fracture that failed to materialize in the third quarter. Heading into late 2026, the popular bearish story was that households were strained by prolonged inflation and high interest rates. This assumption set the stage for expe... Read the Full Story |
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Consumer Staples | |
Investors hoping for relief from lower interest rates may have to keep waiting. With borrowing costs threatening to stay higher for longer, many are turning to dividend stocks. Growth stocks feel the pinch of expensive capital. Defensive sectors look like a safer place to park money.
Consumer stapl... Read the Full Story |
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Materials | |
Wall Street set a high bar for Steel Dynamics' (NASDAQ: STLD) latest earnings report, but the company's strong growth and improving profitability could still propel its stock to fresh highs.
While Q3 results missed expectations, analysts had unanimously raised revenue and earnings targets, expecti... Read the Full Story |
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Communication Services | |
SpaceX (NASDAQ: SPCX) gave Wall Street just four days' notice before releasing its third-quarter earnings, catching investors off guard with an unusually short announcement window. The aerospace industry giant then delivered another surprise: Earnings of 35 cents per share easily beat the 10-cent c... Read the Full Story |
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Materials | |
A multitude of often-conflicting factors make the domestic steel industry a complex environment, with some steel companies navigating it more successfully than others. Following their Q3 earnings reports, two industry leaders—Steel Dynamics Inc. (NASDAQ: STLD) and Cleveland-Cliffs Inc. (NYSE: CLF)—... Read the Full Story |
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Finance | |
Investors tracking the recent rotation out of high-beta technology sector stocks are finding a familiar haven in global payment networks.
Trading near fresh all-time highs above $405, Visa Inc. (NYSE: V) is capitalizing on an institutional pivot toward defensive, inflation-resistant cash generators... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Invinity Energy Systems plc (AIM: IES) is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company's proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world.
Invinity's safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don't wear out, cannot catch fire and are designed to be operated for 30 years or more. Our products address the challenges of our global energy system, unlocking the power of renewable generation by delivering energy storage without limits.
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