Stock News

Tesla reported $28.0 billion in third-quarter revenue, GAAP operating income of $718 million, net income of $787 million, and free cash flow of $1.5 billion, with active FSD subscriptions up to 1.74 million.

Meta reported $64.6 billion in revenue, up 26%, and EPS of $3.83 after a $9.89 billion charge tied to its settlement with state attorneys general. It also announced a one-for-one dividend of new non-voting Class C shares.

Super Micro said preliminary revenue for the quarter ended September 30 was $18.5 billion to $19.5 billion against guidance of $14.5 billion to $15.5 billion, with gross margin of 12.0% to 12.5%, citing AI platform demand.

According to reports of a draft prospectus first described by The Wall Street Journal, Anthropic generated $16.3 billion of revenue in the first half of 2026 and recorded a net loss of $80.7 billion, about $72 billion of it an accounting charge on convertible instruments.

Equity indexes recovered from last week’s AI selloff, but CoreWeave’s 2032 bond still yields about 14.9% and its credit default swaps trade above 1,000 basis points, while Oracle’s default insurance has more than doubled this year.

Micron shares fell about 16% in October through October 20 as AI hardware names sold off, while unions at its Taiwan plants pressed a bonus dispute. One union plans a one-day warning strike on October 22; another reached a labor agreement.

SpaceX shares rose roughly 8% to 10% on October 21 after third-quarter revenue of $14.6 billion. JPMorgan more than doubled its target to $500, and Musk said Starship Flight 15 will try to catch both the booster and the ship.

RTX reported $25.0 billion in third-quarter sales, adjusted EPS of $2.26, and a record $340 billion backlog, and raised its 2026 sales, earnings, and cash flow outlook.

Cleveland-Cliffs posted its strongest quarter in three years, with $612 million of adjusted EBITDA and a return to net income, and said it expects 2027 adjusted EBITDA above $4 billion.

Fastenal reported third-quarter sales of $2.46 billion, up 15.5%, with operating margin of 21.5% and diluted EPS of $0.35, up about 20%.

Morgan Stanley reported $20.3 billion in net revenue and EPS of $3.03 for the third quarter, with equity trading revenue up 41% and $232 billion of net new assets in wealth management.

Goldman Sachs reported $18.68 billion in net revenue and net earnings of $5.29 billion, or $17.01 per share, driven by a 32% jump in Global Banking & Markets.

Domino’s reported 0.3% U.S. same-store sales growth and 175 net new stores in the third quarter, its first under CEO Joe Jordan. Several brokerages lowered price targets after the report.

Delta reported record September-quarter revenue of $17.6 billion and adjusted EPS of $1.72, and guided to full-year EPS of $5.10 to $5.60 while absorbing a $6 billion increase in fuel costs.

J.B. Hunt reported $3.68 billion in revenue, up 20%, but operating income rose only 2% as purchased transportation, driver, fuel and insurance costs climbed.

Levi Strauss raised its full-year margin and EPS outlook after a quarter of 4% revenue growth, but said its direct-to-consumer business missed internal expectations. Analysts lowered targets.

SpaceX reported $14.6 billion in third-quarter revenue, net income of $4.4 billion, and its first revenue-generating Starship mission. Its Super Intelligence segment became the largest by revenue.

Northrop Grumman reported $11.1 billion in sales, EPS of $7.89, net awards of $16 billion and a record $110 billion backlog, and raised its 2026 earnings guidance.

Danaher reported revenue of $6.6 billion, up 8.5%, and adjusted EPS of $2.11, and raised its full-year adjusted EPS guidance. A week earlier it announced a collaboration with NVIDIA on AI-driven lab instruments.

Helen of Troy reported fiscal second-quarter sales of $440.9 million, a return to GAAP profit, and raised its full-year EPS and cash flow outlook, helped by about $80 million of expected tariff refunds.

The FDA expanded Anktiva’s approval to cover BCG-unresponsive non-muscle-invasive bladder cancer with papillary-only tumors, the first approval to include that group, which the company says is about 85% of patients.

Penske Automotive Group agreed to be acquired by its two largest shareholders, Penske Corporation and Mitsui, for $212 per share in cash, valuing the company at about $16.3 billion.

Humana agreed to a new joint venture in which BlackRock buys a private equity firm’s $2.8 billion stake in nearly 150 CenterWell senior primary care clinics. Baird and Barclays raised their targets after the company’s star-ratings improvement.

AEP, Amazon and X-energy signed a development agreement to evaluate twelve small modular reactors at the former Breed coal plant in Sullivan County, Indiana. Amazon would fund development and buy the power.

A Financial Times report that Starbucks had explored a bid for Chipotle sent the shares in opposite directions until Starbucks said on October 12 that it is not buying the chain.

L3Harris said it has begun delivering VAMPIRE counter-drone systems to the U.S. Army under a $106 million order placed in June, with the first units arriving within two months.

Prelude signed a clinical trial collaboration and supply agreement with Eli Lilly to test its KAT6A degrader PRT13722 alongside Verzenio and Inluriyo in HR-positive, HER2-negative breast cancer.

AstraZeneca will pay insitro $40 million upfront and up to about $1.46 billion in milestones for AI-driven discovery of liver and heart disease drug targets, with exclusive rights to selected programs.

Elbit Systems received a roughly $235 million government-to-government contract to supply PULS launchers and EXTRA-MR rockets to a European customer over three years.

Bernstein cut its Boeing target to $278 from $298 and TD Cowen to $240 from $250 in the week before third-quarter results, both keeping buy-equivalent ratings.

Bernstein lowered its Lockheed Martin target to $564 from $629 citing a stalled defense budget, on the same day Vertical Research upgraded the stock to Buy with a $600 target.

Visa touched a record above $403 on October 15. BMO raised its target to $425, and the People’s Bank of China approved Visa’s plan to set up a domestic bank card clearing business.

Deutsche Bank upgraded Walmart to Buy on October 15, and the shares rose about 3% to multi-month highs. Reports differ on the new price target.

Wells Fargo and Cantor Fitzgerald lowered their Amazon price targets ahead of third-quarter results while keeping Overweight ratings and forecasting faster AWS growth into the fourth quarter.

Morgan Stanley made eBay its top internet pick with a $132 target, crediting live-streamed shopping, while Wells Fargo cut its target to $91 and kept an Underweight rating.

JPMorgan upgraded Biogen to Overweight with a $300 target, up from $210, pointing to three clinical readouts by 2027 led by felzartamab in transplant rejection.

After Rocket Lab pushed Neutron’s first launch into 2027, Citizens cut its target to $90 from $130, with KeyBanc, Clear Street and TD Cowen also lowering while most kept positive ratings.

Williams Trading downgraded Birkenstock to Sell from Hold on October 16 and cut its target to $27 from $39, citing slowing sell-through in the Americas and inventory imbalances in Europe.

Bernstein lowered its McDonald’s target to $250 from $295 at Market Perform, saying margin gains look achievable but faster sales growth is unproven and franchisees are balking at the cost of the NEXT restaurant format.

Jefferies cut its NRG target to $131 from $160 and Seaport Research to $160 from $190 on October 19, both keeping Buy ratings, as the shares gave back their AI-demand gains.

Netflix reported $12.9 billion in third-quarter revenue and a 34.6% operating margin, kept full-year revenue guidance near $51.1 billion, and lowered its 2026 advertising forecast to about $2.7 billion.

General Motors reported $50.0 billion in revenue and $3.3 billion in net income for the third quarter, narrowed its full-year profit range upward, raised cash flow guidance, and authorized a $20 billion share repurchase.

The Ninth Circuit vacated class certification in the consumer case over how Tesla marketed Full Self-Driving and sent it back to the district court.

A federal judge certified classes of 6.7-liter Power Stroke diesel buyers in California, Louisiana, Ohio, Pennsylvania and South Carolina who paid for CP4 fuel pump repairs.

Two proposed securities class actions filed October 15 and 20 allege D-Wave overstated its prospects between February and August 2026, pointing to a revenue miss and the CFO’s exit.

A proposed class action filed September 14 alleges AST SpaceMobile understated its capital needs and the competitive threat from SpaceX between March 2025 and July 2026.

A pension fund filed a securities class action on October 16, three days after regulators announced more than $1.21 billion in penalties over Bank of America’s compliance programs.

A federal judge dismissed with prejudice a proposed class action alleging Costco’s Kirkland Signature “100% de Agave” tequilas contained non-agave alcohol. The plaintiffs plan to appeal.

Equifax agreed to a $2.2 million settlement over allegedly reporting the same collection account twice on about 37,651 consumers’ reports. Claims closed September 1; a final ruling is pending.

A tentative ruling on September 28 moved Delta’s $78.75 million settlement over a 2020 fuel jettison near Los Angeles toward final approval. Claims closed in February.

Perrigo agreed to pay $10 million to settle an antitrust class action by store-brand infant formula buyers, according to a motion filed October 13. Gerber remains a defendant.

A breach of legacy Cerner servers in early 2025 now reportedly affects nearly 20 million people, including about 3 million Texans, as a patient class action moves past motions to dismiss.

Five former Atlas Crest directors will pay $15 million to settle Delaware claims over the 2021 SPAC merger that took Archer Aviation public. Claims are due January 4, 2027.

DaVita’s settlement over the April 2025 ransomware attack opened for claims October 20. Estimated cash payments are about $50, with documented losses up to $2,500, and the deadline is January 19, 2027.

The FTC, Los Angeles County and Utah sued Hims & Hers on July 29 over subscription billing, cancellation and health-data sharing. Consumer and shareholder class actions followed.

Two proposed nationwide class actions filed October 2 and 15 allege McDonald’s pooled franchisee sales data through a machine-learning pricing engine to push coordinated menu prices.

A proposed antitrust class action filed September 4 says Verisign and ICANN keep .com domain prices above competitive levels. It seeks contract changes nationwide and damages for Californians.

A $32 million settlement over GoodRx data-sharing allegations has preliminary approval. Claims are due December 29, 2026, with a final hearing in February.

A roundup of AT&T’s 2026 class actions: the $177 million data breach settlement has final approval, a $184.1 million pension settlement awaits the court, and a new texting suit was filed.

A federal judge sent T-Mobile Price Lock claims to individual arbitration, and employees filed a 401(k) suit. A roundup of the company’s 2026 class actions.

A proposed class action says Meta marketed Ray-Ban and Oakley AI glasses as privacy-protecting without disclosing that captured footage can be reviewed by human workers.

A suit filed October 20 says Target’s Up & Up Sugar-Free Hydration powder is mislabeled because its first ingredient, allulose, is a sugar under federal labeling rules.

Lawsuits over the 2023 breach at HR vendor Zeroed-In, which exposed about 1.98 million Dollar Tree and Family Dollar workers and applicants, have no settlement yet.

Google agreed to a $7.5 million settlement over YouTube TV auto-renewal disclosures in California. Claims closed August 30; the final approval ruling is pending.

A court entered final judgment on September 30 in the $70 million Shoals securities class action covering purchases between May 2022 and May 2024. Claims closed in August.

Investors who bought Marqeta stock between February 28 and November 4, 2024 can file claims in a $13 million securities settlement until December 31, 2026.

Investors who bought Marex shares between November 7, 2024 and August 5, 2025 can file in a $950,000 securities settlement until January 11, 2027. Estimated recovery is about $0.03 a share.

A court entered final orders and closed the NextEra Energy 401(k) case on October 20. The $8 million settlement pays plan participants automatically with no claim form.

Final judgment was entered September 18 in a $70 million settlement over interest paid on swept cash in Oppenheimer brokerage accounts. Claims closed September 17.

A judge approved the $31.5 million Flagstar Bank data breach settlement on October 5. About 257,000 claims were filed; the residual cash payment is estimated at $55.11.

A court granted final approval on September 10 to a $10.5 million settlement over a data exposure in Lemonade’s online quote system that affected about 190,000 people.

A judge granted final approval on October 14 to Pfizer’s $44 million settlement over a nitrosamine impurity in Chantix. More than 3.5 million consumer claims were filed.

Humana says 95% of its Medicare Advantage members will be in plans rated four stars or higher for 2027, up from about 20% a year earlier.

SpaceX agreed to buy a nationwide 800 MHz spectrum portfolio days after the FCC cleared 15,000 Starlink Mobile satellites. Carrier shares fell on the news.

Rocket Lab pushed the debut of its Neutron rocket into 2027 after inspections found voids in a carbon-composite dome. Shares fell on the update.

Netflix and General Motors report Tuesday, Tesla and Meta on Wednesday. Here is what each company has confirmed and what to compare.

A working paper argues that R&D expensing and special items may distort historical CAPE comparisons, and proposes a historically comparable alternative.

Micron reports record fiscal Q4 results as AI demand supports its memory business.

HPE announces its first AMD Helios order, bringing rack-scale AI systems to Vultr's U.S. data centers.

AMD introduces Ross, an agentic AI assistant for embedded hardware and software development.

Paychex reports $1.63 billion in quarterly revenue, with GAAP and adjusted earnings both higher.

Cintas reports higher revenue and margins and raises its fiscal 2027 outlook while the UniFirst transaction remains under review.

Lennar reports lower quarterly profit and cuts its full-year delivery target as housing affordability weighs on demand.

Nvidia introduces OpenShell and Sentry to give organizations more control over AI agents.

Meta announces an enterprise AI initiative and expands Muse tools for small businesses.

Microsoft connects governed Power BI business data with Copilot and announces additional Fabric and Azure database features.

Microsoft introduces Quine, an experimental biology research system with access through selected collaborations and a fellows program.

Carnival reported $1.9 billion in quarterly net income, record revenue and record 2027 bookings while higher fuel costs remained a material headwind.

CarMax grew retail used-unit sales 13.8% and revenue 19.5%, while lower profit per vehicle showed the cost of pricing for volume.

Nvidia added $150 billion to its repurchase authorization, bringing the remaining capacity to about $235 billion. Authorization is not the same as completed buying.

AMD agreed to acquire Fei-Fei Li's World Labs for about $8.2 billion in stock, adding spatial-intelligence research while creating dilution and integration questions.

Anthropic committed about $11.6 billion over seven years to Akamai cloud capacity. The deal could expand, but it also requires an estimated $5.5 billion of capital spending.

Costco's quarterly sales rose to $93.9 billion and EPS reached $6.75. A tariff-refund benefit added $0.15 per share, so underlying growth deserves separate attention.

An investigation notice concerns alleged sharing of prospective patients’ health-intake answers. The notice does not establish wrongdoing or a financial impact on LFMD.

Oracle reported $1.92 adjusted EPS and $19.345 billion in revenue. Cloud infrastructure more than doubled, but $28.499 billion in capital spending kept free cash flow negative.

Adobe earned an adjusted $6.13 per share on $6.760 billion in revenue. Full-year GAAP guidance increased, but Q4 GAAP guidance fell short of the cited estimate.

Bought SPCE or IPOA common stock from July 10, 2019 through August 4, 2022? The $8.5 million Virgin Galactic settlement claim deadline is August 13, 2026.

Alphabet's revenue rose 24% and Google Cloud accelerated 82%, but AI spending pushed quarterly free cash flow below zero. Here is what matters for GOOGL.

Tesla restored vehicle growth and set a Q2 delivery record, but its operating margin fell to 1.4% as heavy investment pushed free cash flow below zero.

IBM's software mix improved as Red Hat grew 11% and Data grew 19%, but flat Consulting revenue, a mainframe decline, and $62 billion of debt still matter.

ServiceNow grew subscription revenue 24.5% and said AI products passed $1 billion in annual contract value. Now GAAP profit and conversion matter.

Lockheed Martin's sales rose 11%, free cash flow recovered to $2.9 billion, and backlog reached $230 billion. Program execution is the next test.

RTX reported 16% organic sales growth, $2.9 billion of free cash flow, and a $289 billion backlog. Here is what the raised 2026 outlook means.

Texas Instruments grew revenue 23% as industrial, data-center, and automotive demand improved. Its U.S. factory buildout remains the long-term test.

AT&T added 646,000 internet customers and generated $4.7 billion of free cash flow. Debt and the EchoStar transaction remain the counterweight.

GM raised its 2026 profit and cash-flow outlook after stronger North American margins, lower warranty costs, narrower EV losses, and profitable operations in China.

Capital One earned $3.0 billion as the Discover integration entered year two. Credit, integration costs, and payment-network economics now matter most.

SanDisk, Western Digital, Seagate, and other storage-linked names sold off as momentum came out of the data-center supply chain.

UnitedHealth beat second-quarter expectations, raised guidance, and gave managed-care investors a cleaner read on medical costs.

Lilly's planned acquisition of AtaiBeckley pushes big pharma deeper into neuroscience and psychedelic-derived mental-health therapies.

Netflix shares weakened as investors weighed Q2 guidance, engagement trends, and a less frequent cadence for viewing-data reports.

BlackRock rallied after earnings as Larry Fink highlighted that iShares assets doubled to more than $6 trillion in roughly three years.

Circle's reported national-trust-bank approval gives the USDC operator a stronger bridge between stablecoins and regulated US financial plumbing.

Abbott rallied after reporting stronger-than-expected quarterly profit and raising full-year earnings guidance.