Price Action
AI and semiconductor stocks lost trillions in market value during October, but defensive sectors and the broader market showed resilience. Investors are reassessing AI spending, financing risks, and earnings expectations.
Earnings
ExxonMobil, Chevron, and BP reported surging profits as refinery disruptions and soaring diesel prices lifted margins. Strong cash flow is allowing energy giants to reduce debt, invest in production, and strengthen their balance sheets.
Earnings
Starbucks reported accelerating U.S. sales, improving customer traffic, and stronger margins as its turnaround gains traction. Shares declined despite an earnings beat as investors weighed softer revenue guidance and the company’s China restructuring.
Earnings
Sandisk delivered strong earnings, record margins, and surging data-center sales, but shares fell as investors weighed softer consumer demand, cautious growth commentary, and expectations following a substantial stock rally.
Earnings
Intel shares plunged after weak fourth-quarter guidance exposed a worsening PC market and server-chip supply constraints. Strong AI data-center demand and improving manufacturing performance were not enough to offset the company’s near-term challenges.
Earnings
Restaurant earnings reveal contrasting consumer trends. Chili's is attracting more diners, Chipotle is showing signs of a traffic recovery, and Wingstop is relying on international expansion as U.S. sales remain weak.
Earnings
Norwegian Cruise Line shares surged after stronger-than-expected third-quarter earnings and higher 2026 guidance. Improving bookings, onboard spending, and cost discipline lifted cruise stocks, although profitability and debt challenges remain.
Business Trends
DoorDash shares rallied after announcing a $17 billion acquisition of Instacart alongside strong third-quarter earnings. The deal expands its grocery delivery network but introduces financing, regulatory, and integration challenges.
Earnings
Caterpillar shares tumbled despite stronger earnings and record orders. Slower fourth-quarter growth expectations, unchanged guidance, and elevated valuations overshadowed rising demand for AI data-center power equipment.
Earnings
SK Hynix surged after record third-quarter revenue and operating profit, supported by AI memory demand and stronger pricing. Long-term customer agreements, an HBM4 production ramp, and a major shareholder return plan reinforced expectations of tight supply through 2030
Earnings
Seagate delivered record profitability and stronger guidance as AI data storage demand accelerated. Shares fell despite the earnings beat, with investors focused on slower shipment growth, rising component costs, and elevated expectations.
Earnings
Vertiv shares surged after AI data center demand fueled stronger earnings, accelerating order growth, and higher guidance. Corning also delivered strong optical networking results, but solar execution challenges and investor concerns weighed on its stock.