The S&P 500 futures are up by 27 points, showing a 0.5% rise. Nasdaq 100 futures have increased by 192 points, marking a 1.0% gain. Meanwhile, Dow Jones Industrial Average futures are down 40 points, indicating a 0.1% decrease.
Futures linked to the S&P 500 and Nasdaq 100 are performing well.
- Tesla (TSLA, Financial): Strong pre-market performance due to better-than-expected earnings.
- IBM (IBM): Decline in pre-market trading following quarterly earnings.
- Dow Inc. (DOW): Positive market response to earnings report.
- UPS (UPS, Financial) and T-Mobile US (TMUS): Both showing gains after releasing quarterly results.
- American Airlines (AAL) and ServiceNow (NOW): Experiencing declines after earnings reports.
Today's economic calendar includes:
Today's News
Tesla (TSLA, Financial) invigorated the market with its robust earnings report, exceeding expectations on EPS, automotive gross margin, and free cash flow. Despite lower average selling prices, the electric vehicle giant's projection of 20% to 30% delivery growth by 2025 surprised investors. Analysts like Morgan Stanley's Adam Jonas predict a more conservative 14% growth, highlighting uncertainties in regulatory approval and safety for Tesla's autonomous mobility ambitions.
Walgreens (WBA, Financial) announced a strategic partnership with Veeva Systems (VEEV, Financial) aimed at enhancing patient outcomes in the life sciences sector. This collaboration will leverage the Veeva Data Cloud, offering high-quality data to better understand market trends. The partnership signifies Walgreens' commitment to innovation and improving healthcare services.
Lam Research (LRCX, Financial) impressed Wall Street with its first-quarter results, surpassing estimates and offering strong guidance. The chip equipment maker's success in certain semiconductor markets was tempered by concerns over its exposure to China and delayed investments from companies like Samsung. Despite these challenges, Lam's shares saw a notable rise in premarket trading.
United Parcel Service (UPS, Financial) reported a strong third quarter, with revenue climbing 5.4% year-over-year to $22.2 billion. The company experienced growth across its U.S. Domestic, International, and Supply Chain Solutions segments. CEO Carol Tomé expressed confidence in UPS's readiness for the upcoming holiday season, following a challenging 18-month period.
Las Vegas Sands Corp. (LVS, Financial) announced a $2.0 billion stock repurchase plan and increased its dividend, despite missing Q3 earnings estimates. The casino giant's performance was affected by lower-than-expected results at Marina Bay Sands and macroeconomic challenges in Macau. However, analysts remain optimistic about future improvements as conditions stabilize.
Nvidia (NVDA, Financial) plans to expand its presence in India by supplying AI processors to local companies, including Reliance Industries. CEO Jensen Huang emphasized India's potential as a future AI exporter, supported by Nvidia's Blackwell and Hopper AI chips for burgeoning data center projects. This strategic move underscores Nvidia's commitment to global AI infrastructure development.
Google (GOOG, Financial) faces scrutiny from the U.K.'s antitrust regulator over its partnership with AI startup Anthropic. The Competition and Markets Authority is assessing whether the collaboration could impact market competition. Google has invested heavily in Anthropic, which uses Google Cloud and its AI-focused processors, marking a significant venture into AI technology.
Intel (INTC, Financial) received favorable news as the EU's Court of Justice upheld a decision to annul a €1.06B antitrust fine. The fine, originally imposed by the European Commission, accused Intel of abusing its market position with loyalty rebates. The court's ruling marks a significant legal victory for Intel, potentially influencing future antitrust proceedings.
Honeywell International (HON, Financial) saw its stock dip after missing quarterly sales estimates and revising its guidance downward. The company reported a decline in net income and adjusted its full-year sales forecast. Despite these challenges, Honeywell delivered a solid segment margin, navigating through a tough economic environment.
GuruFocus Stock Analysis
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