Check out the companies making the biggest moves midday: Vicor — The maker of modular power components soared 25% after third-quarter earnings per share more than doubled the Wall Street consensus. Travel + Leisure — Shares rose nearly 12% after the travel publication reported strong results for the fiscal third quarter. The company earned $1.80 per share, excluding items, beating a FactSet estimate of $1.73 per share. Texas Instruments — The chipmaker dropped more than 5% on disappointing earnings and weak quarterly guidance. The company earned $1.48 per share, missing an LSEG estimate of $1.49 per share. Fourth-quarter profit guidance…
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Tesla is slated to release third-quarter results after the stock market’s closing bell Wednesday, and most analysts are split between cautious and optimistic toward Elon Musk ‘s flagship business. Earlier this month, the electric vehicle maker reported a 7% year-over-year jump in quarterly vehicle deliveries . Customers rushed to buy cars ahead of the expiration of a key federal tax credit, which ended on Sept. 30 as part of a spending bill President Donald Trump passed in July. Heading into its third-quarter print, analysts surveyed by FactSet expect that Tesla will see earnings rise 22% from a year ago, to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyWedbush’s Dan Ives joins ‘Fast Money’ to talk his latest bullish call on AI after seeing demand booming in Asia.03:53Thu, Oct 16 20255:46 PM EDT Source link
Jaxson Dart #6 of the New York Giants celebrates during an NFL football game against the Philadelphia Eagles at MetLife Stadium on Oct. 9, 2025 in East Rutherford, New Jersey.Cooper Neill | Getty ImagesThe National Football League on Wednesday approved the purchase of a 10% stake in the New York Giants by Julia Koch in a transaction that values the team at $10.3 billion, according to two people who are close to the deal but not authorized to speak publicly. The deal marks the highest valuation placed on an NFL team for a team sale.The Giants are currently owned by…
The U.S. government shutdown on Wednesday entered its 22nd day, becoming the second-longest federal funding lapse ever, with no end in sight.The milestone means that the two longest shutdowns have both occurred while President Donald Trump was in office.The longest shutdown began in December 2018, in Trump’s first term, and dragged on for nearly five weeks. That shutdown stemmed from a dispute about funding Trump’s contentious immigration policy.The current shutdown resulted from Senate Democrats refusing to vote for a short-term government funding bill sponsored by Republicans, because it lacks additional spending on health care and other provisions.Read more CNBC government…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMichael Brown, Travel + Leisure Co. CEO, joins CNBC’s ‘The Exchange’ to discuss the latest trends in travel, the company’s latest quarter, and much more. Source link
Applied Digital said on Wednesday that it signed a $5 billion infrastructure lease agreement with a U.S. hyperscaler. Shares of the data center company dropped more than 7% following the announcement, continuing a recent slumped that’s sent the stock down over 20% in the past week. The stock has still almost quadrupled this year. The lease announced on Wednesday is for about 15 years and will deliver 200 megawatts of capacity at the company’s Polaris Forge 2 campus in North Dakota. It brings the company’s total leased capacity to 600 megawatts at its two Polaris Forge campuses. Across the tech…
A screen displays that trading is halted for Western Alliance Bancorporation on the floor of the New York Stock Exchange (NYSE), May 4, 2023.Brendan McDermid | ReutersWestern Alliance, one of the regional banks at the center of concerns over loans made to non-bank financial players, said Wednesday it believes the loan that sparked last week’s selloff is an isolated case.The bank reported third-quarter earnings Tuesday afternoon and noted it had set aside $30 million in reserves for possible losses on a $98 million loan made to the Cantor Group. Last week, Western Alliance disclosed that it had sued the borrowers…
GE Vernova shares are under pressure despite reporting a strong set of earnings and robust backlog growth. Members should view the pullback as a buying opportunity. Revenue for the three months ended September 30 increased 12% year over year to $9.97 billion, topping expectations of $9.16 billion, according to LSEG. Organically, revenue increased 10%, crushing the 2% Street estimate, according to FactSet Orders increased 55% organically to $14.6 billion, driven by strong demand for power and electrification solutions. As a reminder, analysts focus on orders to gauge demand, versus sales, which could be the result of fulfilling past orders. Adjusted earnings…
Given that NFLX is always the first large-cap growth stock to report earnings, both its results and the stock’s initial reaction tend to be closely scrutinized — especially today, following the sharp decline so far on Wednesday. We’ve highlighted this chart many times over the past year for clients because NFLX has repeatedly formed bearish patterns that have failed to follow through to the downside. In fact, every apparent breakdown has turned into a bear trap, sparking powerful reversals in the opposite direction. Now, however, the stock is trading back below the July and late-September lows — levels that previously…
