UTEX

Amazon earnings: records, robots, and $315B in market cap wiped out in one evening 🛒 The highest operating margin in the company's history — and its steepest sell-off in a long time. 💲 Revenue: $201.9B vs. $202.2B expected. 💳 EPS, including gains from its investment in Anthropic: $1.89 vs. $1.97 expected. 📢 Advertising revenue: $19.6B vs. $20.87B expected. 🔥 Meanwhile, Amazon Web Services posted its fastest growth in nearly five years, with revenue reaching $46B (+39% YoY). The company expects AWS to grow at least 40% annually in both 2027 and 2028. 🚀 Operating income rose 61%, while operating margin reached a record 13.9%. Amazon plans to automate the last 100 yards of delivery to customers. At this scale, even small reductions in labor costs per delivery could significantly improve the profitability of its retail business. Comments from CEO Andy Jassy:

“We already have more than a million robots operating across our fulfillment network.”

The company still expects around $220B in capital expenditures in 2026. Spending will increase “significantly more” in 2027.

“There has never been a business with $1 trillion in annual revenue, and we may have two of them in the next 5–10 years.”

Beyond AI: three stocks for the long term ⬆️ To buy, hold, and not worry about volatility. While the market is rattled by Big Tech earnings, high inflation, and the US midterm elections, these companies are showing strong cash flows and solid balance sheets. All three stocks are held by JQUA, QUAL, and QLTY, funds that select high-quality companies, and have low betas and well-covered dividends. 1️⃣ Allstate (ALL). An insurer that knows how to make a profit. Boring in the Buffett sense: return on equity of around 49%, operating cash flow of $12.47B, and 32 consecutive years of dividends, with payouts rising for 15 of those years. The company is expanding its sales channels, launching new products, and making its agents more efficient. Its last twelve earnings reports beat expectations. Allstate will report third-quarter results on November 4 after the market closes. 2️⃣ EOG Resources (EOG). An energy company that explores for and produces oil and gas. EOG is expanding its international presence through projects in the UAE and Bahrain while keeping production costs low. In its latest report, the company posted record production volumes. Revenue grew 57% year over year. It has paid dividends for 27 consecutive years; over the past five years, payouts have grown by around 20% annually. Its next earnings report is due November 5 after the market closes. 3️⃣ Chevron (CVX). The oil giant is increasing production, expanding refining, and cutting costs. In the second quarter of 2026, the company set records for oil production and refining volumes. Annual savings from cost cuts reached $3B. Chevron expects adjusted free cash flow to grow by around 10% a year through 2035, with Brent crude at around $70 per barrel. Earnings per share are expected to rise by 140% for the full year 2026. Chevron has raised its dividend for 38 consecutive years. 💡 The company reports earnings tomorrow before the market opens. These three stocks are a great place to start trading US stocks. New UTEX users can get a $100 bonus by signing up with promo code TELEGRAM100, completing KYC, and making a first deposit of at least $100. 👉 Sign up with the promo code: https://go.utex.io/az2rjn

ServiceNow slowed. Carvana posts record used-car retail sales ↘️ ServiceNow (NOW) -19%. The developer of a cloud platform for enterprise workflow automation reported EPS below expectations and gave weak fourth-quarter guidance amid lengthening enterprise software sales cycles and slower growth in its contract backlog. ↗️ Carvana (CVNA) +8%. The online used-car retailer generated record revenue of $8.04B, significantly above the expected $7.67B. Retail vehicle sales rose 39% to a record 217,385 units. Carvana said it is still in the early stages of growth, with only a 2% share of the used-car market and 1.5% of the total auto market. ↘️ Fortinet (FTNT) -27%. A cybersecurity company. Revenue growth slowed substantially quarter-over-quarter. BofA Securities downgraded the stock to Neutral from Buy and cut its price target to $140 from $220, citing a mixed report that fell short of expectations. ↗️ Lumentum (LITE) +5%, ↘️ Marvell Technology (MRVL) -12%. Bloomberg reports that Marvell is in advanced talks to acquire Lumentum Holdings, a maker of optical and photonic components critical for AI infrastructure. ↗️ Chipotle Mexican Grill (CMG) +7%. The Mexican restaurant chain reaffirmed its forecast for moderate sales growth this year despite signs of cooling consumer interest in the fast-casual segment and declining consumer purchasing power. ↘️ Sprouts Farmers Market (SFM) -23%. The organic grocery supermarket chain reported EPS and revenue below consensus. BofA downgraded the stock to Underperform from Buy and cut its price target to $47 from $100. Analysts cited challenging outlooks for sales, customer traffic, and profitability. ↗️ eBay (EBAY) +6%. The e-commerce platform reported better than expected and raised its full-year guidance. ↗️ MediaAlpha (MAX) +16%. The insurance marketing company reported significantly above expectations. Growth was driven by its open marketplace and insurance verticals, especially home and renters insurance. CEO Steve Yi called it the best quarter in the company's history and noted that the platform generated more than $2.5B in annual advertising spend in the property and casualty insurance segment. According to him, this scale gives MediaAlpha an advantage in predictive algorithms and analytics for insurers. ↗️ Glaukos (GKOS) +16%. A developer of innovative treatments for glaucoma, corneal disorders, and retinal diseases. EPS and revenue came in significantly better than expected, and the company raised its full-year guidance. U.S. glaucoma treatment metrics reached a record $119M, while U.S. corneal health product revenue was $59M. ↗️ Porch Group (PRCH) +19%. The home insurance company reported above expectations, raised its full-year guidance for the third consecutive time, and said its key insurance services segment continues to scale with high margins. ↗️ Impinj (PI) +8%. A developer and manufacturer of hardware and software for RAIN RFID (UHF radio-frequency identification) that connects physical items to the digital world. EPS and revenue exceeded consensus, and quarterly guidance was better than expected. Revenue reached a quarterly record, and management pointed to strong demand in retail, logistics, and food industries. Needham analysts raised their price target to $195 from $168 while maintaining a Buy rating. ↗️ Crocs (CROX) +19%. The footwear maker reported better than expected and raised its full-year 2026 sales volume and profit guidance. ↘️ Caterpillar (CAT) -9%. Its division serving energy-intensive AI data centers showed solid growth, but revenue fell short of consensus. EPS beat expectations.

Google and Microsoft shares moved in opposite directions despite record revenues Google 🔍 Revenue and earnings missed expectations, but cloud revenue doubled. 💳 Revenue: $127.6B (+25% YoY). Operating income: +30%. ☁️ Google Cloud: $30.7B (+103%). Cloud operating income rose from $3.6B to $11.1B. ✨ Gemini surpassed 1 billion users, making it the fastest-growing product in the company's history. 💲 EPS: $2.12 vs. $3.01 expected, largely due to investment revaluations, including SpaceX. Search growth slowed from 17% to 12%. Free cash flow was negative at -$9.1B, and buybacks are on hold. 🤖 AI Mode in Search generates less revenue than traditional search results. Search queries are growing at their fastest pace in five years, but AI agents don't click on ads. ↘️ Shares fell 10%. Microsoft 🪟 Results beat expectations, and the company is offering voluntary severance packages to 27% of its workforce. 💳 Revenue: $92.3B (+19%). EPS: $4.89. ☁️ Azure revenue was disclosed separately for the first time: $33.2B, up 48% vs. approximately 45% expected. Free cash flow was positive at $18.6B, twice the expected level. ➕ Unlike Google, Microsoft covered its capital expenditures with operating cash flow and remained cash-flow positive. 👥 Employees in certain divisions across the US, Canada, India, and the UK, at vice president level and below (around 60,000 people), are eligible for voluntary severance packages as part of cost-cutting measures amid AI adoption. ↗️ Shares rose 3%. Fed meeting 🏦 The Fed held rates steady at 3.75–4%, as expected. Warsh said he “cannot and will not” describe financial conditions as tight (aka don't expect a rate cut anytime soon). In 2027, one of the eight Fed meetings will focus on monetary policy strategy, with no rate decision. In 2028, there will be two such strategy meetings. ⭐️ Add to your watchlist: GOOG MSFT

🥠 Have a fortune cookie. It's a little dry, but its predictions are more accurate than analysts' forecasts. The bar was pretty low, of course, but we cleared it 😎

Memory suppliers rise. Robinhood revenue slows ⚠️ Today at 9:00 PM Moscow time, the Fed will announce its rate decision. According to CME FedWatch, the probability of keeping rates in the 3.75–4% range is 90.6%. ↗️ Vertiv (VRT) +17%. The data center equipment maker reported well above expectations and raised its quarterly and full-year guidance.

"We are in the middle of the largest infrastructure buildout and it’s accelerating," said CEO Giordano Albertazzi. "The demands on data center infrastructure are evolving faster than ever, and Vertiv’s role in that buildout keeps expanding."

↗️ GE HealthCare (GEHC) +6%. The medical technology company reported EPS and revenue above consensus and raised its 2026 guidance. Its order backlog reached $23.7B. ↗️ SK Hynix (SKHY) +7%. Record quarterly results: for the first time in the company's history, quarterly revenue exceeded 100 trillion won, and operating profit reached 83.33 trillion won (+632% year-over-year). Operating margin hit a record 80%. HBM4 chips (next-generation high-bandwidth memory) entered full-scale mass production in the third quarter. It is expected that in the fourth quarter HBM4 will overtake HBM3E in both shipment volume and revenue share. DRAM shipments will grow by more than 20% on average quarter-over-quarter. Capital expenditures in 2027 will rise significantly compared with 2026 due to the expansion of advanced process nodes and capacity increases at the Yongin plant. SK Hynix also said that long-term agreements with 14 key customers now cover more than 50% of total production capacity for 2027 and 2028, and DRAM and HBM volumes through 2029 are effectively already fully sold out. ↗️ Micron (MU) +4%, SanDisk (SNDK) +4% on the back of SK Hynix's strong report. ↗️ Axogen (AXGN) +19%. A biotech specializing in regeneration and surgical repair of damaged peripheral nerves. Revenue exceeded expectations at $75.8M (+26% year-over-year). The company raised its full-year revenue guidance. ↗️ Ultra Clean Holdings (UCTT) +14%. The semiconductor manufacturing equipment supplier reported record results and gave an optimistic outlook for the current quarter. ↗️ Etsy (ETSY) +8%. A marketplace for handmade goods and collectibles. EPS and revenue comfortably beat expectations. Both marketplace and services revenue made a notable contribution. CFO Lanny Baker will leave the company in March 2027. ↘️ Enphase Energy (ENPH) -18%. The green energy solutions maker. The report fell short of consensus, and the company also gave weak quarterly guidance. ↘️ Robinhood (HOOD) -7%. EPS and revenue missed consensus due to lower crypto trading volumes and equity trade speeds compared with elevated summer levels. ↗️ PPG Industries (PPG) +5%. The paints and specialty coatings maker reported adjusted EPS and net sales above expectations. Full-year EPS guidance was raised thanks to higher shipment volumes for the aerospace and automotive industries, as well as savings from operational restructuring. ↘️ CoStar Group (CSGP) -7%. A provider of commercial and residential real estate analytics. EPS and revenue beat expectations, but quarterly guidance fell short of consensus. CoStar also announced the acquisition of Vexcel Group, an aerial imaging and real estate data company, for $730M in cash.

Millennials couldn’t afford a home because they spent all their money on avocado toast and cappuccinos. Let’s at least make the coffee pay for itself — how many Starbucks shares would it take for the dividends to cover this addiction little habit? A grande cappuccino with your name on the cup at Starbucks costs about $5.25. If you pick one up every weekday morning, that comes to:

$5.25 × 5 × 52 weeks = $1,365 a year on coffee 🌟

Starbucks has raised its dividend for 15 consecutive years. The annual yield is currently about 2.45%, and one share costs about $103.

$1,365 / 2.45% = about $55,714

That means roughly 542 shares of SBUX in your portfolio — and the company’s quarterly dividends would cover your coffee habit. 🔔 The next ex-dividend date is November 13. Buy shares before then to receive the dividend on November 27. ☕️ For coffee SBUX shares: https://go.utex.io/cyq0mx

ONON falls amid backlash over soccer star Mbappé. Boeing falls short of commercial aircraft production targets ↗️ Royal Caribbean Cruises (RCL) +4%. The cruise operator reported better-than-expected results and raised its full-year earnings outlook. ↘️ PayPal Holdings (PYPL) -2%. EPS beat expectations, but revenue fell short of consensus. The payments giant raised its full-year EPS guidance. ↘️ Whirlpool (WHR) -5%. The home appliance maker reported weaker-than-expected results and cut its full-year outlook for the third time this year. CEO Marc Bitzer said the recovery is progressing more slowly than expected. He anticipates margin improvement in 2027, driven by pricing actions and cost cuts. ↗️ INNIO (INIO) +8%. The distributed energy solutions provider reported record quarterly results and raised its 2026 outlook. ↗️ United Parcel Service (UPS) +2%. The package delivery and logistics company reported better-than-expected results and raised its full-year guidance. ↘️ Hilton Worldwide (HLT) -4%. The hotel chain delivered mixed results: EPS beat expectations, but revenue fell short of consensus. Its quarterly EPS guidance also came in below estimates. The hospitality and travel sector faces structural challenges driven by geopolitical tensions and uneven demand across regions. ↗️ Boeing (BA) +1%. The aerospace company reported a loss of $116M, compared with a $5.34B loss a year earlier. Total revenue rose approximately 4% to $24.19B, while its backlog reached a record $745B. Significant investments in new aircraft production, a roughly $700 million payment to settle claims brought by the U.S. Department of Justice, and other accounting charges all weighed on earnings. Boeing's turnaround is underway, but its commercial aviation division continues to struggle. The company's key commercial airplanes unit reported a $697 million loss, compared with analysts' expectations for a $360.8M loss. Engine supply issues prevented Boeing from ramping up production of the 737 MAX and 787 Dreamliner. On Holding (ONON) -3%. French soccer star Kylian Mbappé lost sponsorship deals in China amid backlash over his remarks about Mao Zedong. Two Chinese food and beverage brands ended their partnerships with the Real Madrid forward following the incident. China's state broadcaster CCTV also suspended broadcasts of Spanish La Liga matches featuring Mbappé and removed ads and videos featuring him. Mbappé issued an apology to the Chinese public. On signed a deal with Mbappé in September as part of its expansion into soccer. ↗️ SoFi Technologies (SOFI) +12%. The fintech company posted record quarterly results, with EPS and revenue significantly exceeding expectations. It raised its 2026 outlook and issued a strong forecast for 2027. ↘️ Innodata (INOD) -9%. Shares of the AI and data engineering company fell amid reports of sudden, large-scale layoffs in India and the Philippines, reportedly driven by a decline in business tasks and project volumes. Investors are concerned about a potential slowdown in Innodata's AI data annotation business and weaker overall demand for its services from major tech companies. 📢 Anthropic has filed a public S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). The listing is planned for late November on Nasdaq under the ticker ANT. The anticipated valuation is expected to be around $1.5–$1.75T.

Top trading ideas for this week 🔴 Seagate Technology (STX). Report on October 27 after market close. A maker of hard disk drives (HDDs) and integrated data storage solutions. A very volatile stock, especially around earnings. It could be interesting for intraday trading; we don't recommend it for the medium term — it's very risky. 🔴 PayPal (PYPL). Report on October 27 before market open. In August, fintech Stripe and private investment firm Advent International withdrew their bid to buy the payments giant at $60.5 per share. PayPal wanted more. Nearly all recent earnings reports have produced a strong gap in the stock. In 2021, PYPL was worth above $300, while over the past six months the stock has traded in the $40–$60 range. We expect elevated volatility after the report. 🔴 Roblox (RBLX). Report on October 29 after market close. From October 2025 to July 2026, the stock fell from $140 to $33, where it found a bottom, and since then it has been slowly trying to recover. The introduction of strict rules (including age verification for chat access) reduced engagement among users under 13 last quarter. Investors are waiting for signs of stabilization. In focus is the viral simulator Steal an Egg, which launched in late July and literally exploded on the platform, holding top charts throughout Q3. Prices are quite attractive for the medium term, but it's better to wait for the report. 🔴 Intel (INTC). Report on October 29 after market close. Intel Foundry (chip manufacturing) is planned to break even by 2027. Any signals of narrowing losses in this segment could be a growth driver. The stock has fallen 28% over the past month, and volatility has increased sharply over the past six months. A large gap after the report is possible in either direction. 🔴 Reddit (RDDT). Report on October 29 after market close. Shares of the global social platform are traditionally very volatile after earnings. Since the start of the year, the company's shares have fallen 37%. In September, Reddit Max was fully launched — an AI advertising tool that automates targeting and creative generation. The number of advertisers using Max has grown more than 60% compared with Q1, and revenue from this tool has increased more than 150%. The report will allow investors to assess the first results of the product's broad rollout. 🔴 High risk, for professionals. Profitable deals!

Will the market come out of the red zone? Fed rate decision, Big Tech earnings, and inflation will decide 🔽 Major U.S. indices closed the week in the red: SPY lost 0.79%, Nasdaq — 1.93%. 🗿 Top decliners among the largest companies: Lam Research (-15%) GE Vernova (-9%) Applied Materials (-8%) Arm Holdings (-8%) Alibaba Group (-8%) Meta (-7%) 🏆 Top gainers: CrowdStrike (+13%) Palo Alto Networks (+9%) Royal Bank of Canada (+7%) IBM (+7%) Johnson & Johnson (+5%) 🪙 Bitcoin fell 2.3% over seven days, currently trading at $80,200. 🏦 The main event of the week is the Fed's interest rate meeting on Wednesday. According to CME FedWatch, 90% of market participants expect the Fed to keep rates unchanged. 📰 On Thursday, the preliminary Q3 GDP estimate and the PCE Price Index — an important consumer inflation indicator the Fed watches — will be released. 📌 Earnings season is in full swing. The most anticipated reports of the week are Amazon, Alphabet, and Microsoft. Others to highlight include Visa, Coca-Cola, Boeing, Eli Lilly, AbbVie, ExxonMobil, Seagate Technology, GE Vernova, Robinhood, KLA, Amphenol, T-Mobile US, Intel, Mastercard, Merck & Company, and Caterpillar. UTEX

Event Calendar for the Week of October 26 – November 1 On Wednesday, the Fed will hold its interest rate meeting. 90% of analysts expect rates to remain unchanged. Monday, October 26 🌞 Verizon. 🌙 Nucor, Cadence Design Systems, Whirlpool. Tuesday, October 27 🌞 Coca-Cola, UPS, Boeing, PayPal, Freeport-McMoRan, SoFi. 🌙 Visa, Robinhood Markets, SK Hynix, ONEOK, Seagate Technology. 📊 Case-Shiller Home Price Index. 📊 Conference Board Consumer Confidence Index. 📊 ADP employment data. 📊 Durable goods orders. 📊 New home sales. Wednesday, October 28 🌞 GE Vernova, Phillips 66, Automatic Data Processing. 🌙 Microsoft, Alphabet, Chipotle, eBay, FedEx, ServiceNow. ⚠️ Fed meeting on interest rates and press conference. 📊 Trade balance. Thursday, October 29 🌞 Eli Lilly, Merck, Caterpillar. 🌙 Amazon, Intel, Coinbase, Starbucks, SanDisk, Roblox, Rivian. 📊 Initial jobless claims. 📊 Inflation: Personal Consumption Expenditures (PCE) price index. 📊 GDP growth rate for the third quarter. Friday, October 30 🌞 ExxonMobil, Chevron, BP, AbbVie, Cameco. UTEX

Tower operators rise on possible SpaceX partnership. WDC declines despite strong report ↘️ Western Digital (WDC) -2%. The data storage systems maker reported better-than-expected results and gave an optimistic outlook for the current quarter. The average weighted selling price per terabyte of storage rose 28% for the quarter thanks to strong demand and limited supply. The company expects capital expenditures over the next five years to average 4–6% of revenue, with the figure somewhat higher in the next two years. ↗️ Crown Castle (CCI) +12%. In a Bloomberg report, the tower operator was named as one of the companies directly negotiating with SpaceX for access to cell towers. Potential deals could be valued in the billions of dollars and open a significant new revenue source. CEO Chris Hillabrant confirmed that Crown Castle is in talks with major parties when asked about satellite operators. ↗️ American Tower (AMT) +10%. The company is also mentioned in the Bloomberg piece. American Tower manages 41,764 sites in the U.S. and Canada and may also be negotiating with SpaceX. ↘️ Autoliv (ALV) -5%. The automotive safety systems supplier reported slightly worse-than-expected earnings per share and revenue. ↗️ Robert Half (RHI) +8%. A staffing and HR consulting company. Earnings per share and revenue exceeded consensus. Revenue in the Talent Solutions segment grew 2% for the first time since 2022. EPS rose 14% — the first year-over-year increase in quarterly EPS since 2022. ↗️ RingCentral (RNG) +15%. A provider of cloud solutions for enterprise communications and collaboration. The report beat expectations, and full-year EPS guidance was raised. Rosenblatt analysts raised their RingCentral price target from $80 to $105, maintaining a Buy rating. ↘️ LKQ (LKQ) -17%. A global supplier of alternative auto parts. Preliminary unaudited third-quarter 2026 results showed a sharp swing from profit to loss. The company withdrew its full-year guidance and announced major personnel changes. The weak quarterly results were due to operational disruptions from an ERP system rollout in Germany, as well as lower sales volumes in the U.K. and Benelux countries. Institutional investor Cooke & Bieler cut its stake in LKQ by 28.2% shortly before the release.

Chinese regulators may tighten conditions for e-commerce. IBM did not show the expected return on AI ↘️ Lam Research (LRCX) -8%. Earnings per share and revenue beat expectations, but only slightly. Management's guidance did not impress investors — spending on wafer fabrication equipment will exceed $200B in calendar year 2027. ↘️ International Business Machines (IBM) -6%. EPS and revenue beat estimates. Adjusted gross margin of 58.5% came in below the forecast of 59.1%, and the full-year constant-currency revenue growth guidance remained unchanged at 4–5%. CEO Arvind Krishna mentioned that corporate clients are questioning whether AI investments are delivering measurable returns. ↘️ Alibaba (BABA) -4%. At a meeting of Chinese regulators in Beijing, major platforms were urged to tighten product quality control and strengthen consumer protection, especially in the fast-growing streaming commerce, instant delivery, and social commerce segments. ↗️ Procter & Gamble (PG) +2%. The company reported better than expected and raised its 2027 sales forecast. ↗️ Spotify (SPOT) +7%. Quarterly profit guidance exceeded analyst expectations. Premium subscribers rose by 6M to 306M, above both the company's own and Wall Street estimates. Third-quarter revenue jumped 16% year-over-year to €5B. Monthly active users reached 788M, up 11% year-over-year. ↗️ Biohaven (BHVN) +33%. The FDA announced that the resubmitted application for Vyglxia (troriluzole) for the treatment of the rare neurodegenerative disease spinocerebellar ataxia has been accepted for review. The application includes new positive supplementary analyses. ↘️ Forgent Power Solutions (FPS) -10%. The designer and manufacturer of electrical distribution equipment and power solutions announced a change in CFO. Former CFO Ryan Fidler will move to an external consulting role for family reasons. ↗️ Lockheed Martin (LMT) +4%. The defense contractor beat EPS and revenue expectations and simultaneously announced a large long-term agreement for production of the flagship F-35 program. The order backlog rose 27% quarter-over-quarter to a record $292 billion, helped by a $52.5B contract to supply PAC-3 MSE interceptors. The missiles and fire control division posted 24% sales growth, while the aeronautics division grew 13%. Free cash flow guidance was also raised to $7.8–$8B. ↘️ TTM Technologies (TTMI) -13%. The printed circuit board and RF components manufacturer reported better than expected but issued weak quarterly revenue guidance.

Meta and Tesla earnings: hype and advertising vs. profitability and AI capex Meta 📖 🏆 Record revenue of $64.6B (+26% YoY), beating the $63.3B forecast. 🔽 EPS missed expectations at $3.83 vs. $5.89 expected, but the reason was a one-time $9.89B legal settlement. Excluding this charge, EPS would have been $7.40. 💲 Free cash flow turned negative for the first time since 2012, coming in at -$2.12B. One in four people worldwide uses Meta's apps every day. Time spent on Instagram and Reels views are at all-time highs, while nearly 10 million advertisers use Meta's generative AI to create ads. Muse has better user retention than ChatGPT, Claude, and Grok, with a seven-day retention rate of 30% versus a competitor average of 19%. One in four Muse users makes purchases through the service. Meta plans to charge merchants a fee on each transaction. Meta raised its 2026 capex guidance by $5B to $135–145B and expects investment to remain “aggressive” in 2027. Meta announced a stock split through the issuance of non-voting Class C shares — one for each existing Class A and Class B share. Trading is set to begin in late January 2027. A New Mexico court ordered Meta to pay $25B in the Cambridge Analytica case. Fines and settlements have exceeded $43B over the past year. Tesla ⚡️ 💰 Revenue came in at $28.05B, slightly above expectations and nearly flat year over year. 🔼 Adjusted EPS reached $0.48 vs. $0.43 expected, down 4% YoY. 💲 Operating margin was just 2.6%, while free cash flow fell 62% to $1.53B. 🔎 Full-year capex guidance was lowered from $25B to $20B. Tesla sold none of its Bitcoin holdings and still holds $972M worth of BTC. The core business isn't growing: automotive revenue fell 3%, while deliveries declined 2% to 486,500 vehicles. The energy business, once touted as the main growth driver, also saw revenue drop 16%. Only services posted growth, up 33%. The focus is shifting: paid Full Self-Driving (FSD) subscriptions rose 67% to 1.74 million. Three out of four buyers in North America activate FSD when taking delivery of their vehicles. Meanwhile, Tesla is seeking regulatory approval for FSD in China. 🏎 Cybercab robotaxis have been operating in Austin since September, with the fleet expanding tenfold in a month. Dallas is next. Tesla has launched an Optimus robot production line in Fremont with an annual capacity of around 1 million units, although deliveries to external customers are still about a year away. UBS raised its price target from $391 to $425. Shares fell 4% after the earnings release. ⭐️ Add to your watchlist: META TSLA

The oldest names on the NYSE 💢 Coca-Cola and General Motors may seem like two of the oldest companies on the US stock market. But the real record-holders have been trading on the NYSE longer than stock tickers, the telephone, and electric lighting have existed. The longest-running listing The New York Gas Light Company was founded in 1823 to replace the whale-oil lamps on Broadway with gas lighting. Just a year later, the company's shares were listed on the NYSE, where they have traded continuously ever since — for more than 200 years, an absolute exchange record. For context, in 1824, the US had 24 states, and only a few dozen securities were traded on the exchange, mostly bank stocks, insurance stocks, and government bonds. Sixty years later, six New York gas companies merged to form Consolidated Gas. Meanwhile, a competitor was gaining ground in the city — the Edison Electric Illuminating Company. The gas companies didn't beat electricity; they simply bought it. In 1936, the merged company was renamed Consolidated Edison (ED). Today, Con Ed supplies energy to around 10 million people in New York City and Westchester County, heats Manhattan skyscrapers with steam, and holds the title of the dividend king, having increased its dividends for more than 50 consecutive years. The first stock listed on the exchange The Bank of New York was founded back in 1784, eight years before the NYSE was established. When brokers signed the Buttonwood Agreement in 1792, shares of the Bank of New York became the first non-government securities traded on the exchange. Later, shares of two more banks and three types of government bonds were added. Why ED has a longer trading history than BK In 2007, the Bank of New York merged with Mellon Financial, creating a new issuer on the exchange: BNY Mellon. Today, BK (BNY) is the world's largest custodian, holding and administering around $63T in assets — more than the combined GDP of the US and China. Other market veterans ✨ Western Union (WU). Listed on the NYSE since 1865. The company completed the first transcontinental telegraph line on October 24, 1861. Two days later, the US government discontinued the Pony Express. Why ride across half the country when you could send a message by wire? ✨ Adams Fund (ADX), since 1867. It started out in 1840 as Alvin Adams's courier service, but today it is the investment company Adams Diversified Equity Fund. ✨ American Express (AXP), since 1867. Henry Wells and William Fargo founded AmEx in 1850. Two years later, they also launched Wells Fargo after AmEx's board decided against doing business in California. ✨ Union Pacific (UNP), since 1870. The largest railroad company in the US. In May 1869, the Golden Spike was driven into the ground in Utah — the ceremonial final spike that connected the country by rail. A note on tickers 📠 There were no ED or BK tickers in 1824. Stock prices were circulated on slips of paper, moving only as fast as the messengers carrying them. It wasn't until 1867 that the stock ticker was invented, transmitting quotes by telegraph and printing abbreviated company names alongside prices on paper tape. If a company is listed on the NYSE, it's also available on UTEX. Invest in stocks that have been trading for centuries: https://go.utex.io/utex-post

AI server providers rise on strong SMCI data. Zoom impresses analysts at its conference ↗️ Super Micro Computer (SMCI) +12%. The maker of servers for AI systems reported preliminary quarterly results above expectations. Super Micro raised its gross margin guidance and sharply increased its quarterly revenue forecast from a range of $14.5–15.5B to $18.5–19.5B. ↗️ Dell Technologies (DELL) +5%, Hewlett Packard Enterprise (HPE) +4%. SMCI's competitors also rose. ↘️ Intuitive Surgical (ISRG) -6%. The maker of robotic surgical systems beat analyst forecasts. However, as part of an antitrust settlement, the company must pay $450M. Intuitive Surgical also lowered its forecast for growth in the number of procedures performed with its equipment. ↘️ Alpha Teknova (TKNO) -30%. The company produces critical laboratory reagents, buffer solutions, and other components needed for the development and manufacturing of vaccines, drugs, and molecular diagnostics. Alpha Teknova will offer 8 million shares at $5 per share — a significant discount to the $7.39 close. The capital raise is expected to generate $40M in gross proceeds, which will be used for general corporate purposes and debt reduction. ↗️ DigitalOcean (DOCN) +4%. Piper Sandler upgraded the cloud infrastructure provider to Outperform from Neutral. The bank lowered its price target from $142 to $126 but called the stock's decline an attractive entry point for a provider of solutions for AI startups, despite near-term margin pressure. ↘️ AT&T (T) -3%. EPS and revenue exceeded expectations, and the company raised its full-year profit guidance. AT&T attracted more than 1 million customers in its advanced connectivity services segment for the second consecutive quarter. 442,000 internet connections came from fiber, and 327,000 from fixed wireless. Shares are currently in the red. Competition is weighing on the stock — SpaceX recently bought low-band spectrum licenses. ↗️ Amkor Technology (AMKR) +9%. A provider of semiconductor packaging and testing services. Under an expanded agreement, Nvidia and Amkor intend to increase advanced packaging capacity in South Korea. By the end of 2028, the companies plan to increase interposer panel production by more than 300%. This initiative, along with Amkor's ongoing construction of new manufacturing capacity in South Korea, will boost output for current and future generations of Nvidia AI platforms. ↘️ Philip Morris (PM) -3%. EPS and revenue beat consensus, and quarterly dividends will rise 8.8% to $1.60 per share. The company noted that operating profit growth will likely come in at the middle or lower half of its previously stated 7–9% range. The reasons are geopolitics and increased investment in developing its U.S. business. Rising energy prices created additional cost pressure in the current quarter, and that impact is expected to intensify slightly next quarter. ↗️ Zoom Communications (ZM) +4%. Oppenheimer analysts upgraded Zoom to Outperform from Underperform with a $130 price target. After attending the Zoomtopia conference, analysts were impressed by the company's new AI services. Zoom is transitioning from video conferencing to a broader AI-based communications and workflow platform. ↘️ Abbott Laboratories (ABT) -4%. The healthcare company reported revenue slightly above expectations, with EPS in line with consensus. Abbott announced plans to spin off its infant and medical nutrition division into a separate public company by the end of 2027, with annual sales of about $8.5B.

Netflix and SpaceX earnings: viewers shift to short-form videos, while Optimus robots could fly to Mars aboard SpaceX rockets Netflix 🎬 Revenue of $12.87B was in line with expectations. Growth of 12% year over year was the slowest in nearly three years. 💰 EPS came in at $0.87, above the $0.82 forecast. 💲 Free cash flow reached $2.88B, compared with $2.66B a year earlier. The company lowered its quarterly and full-year guidance. Expected free cash flow for 2026 is now $500M lower due to the upcoming closing of a movie studio acquisition. The 2026 advertising revenue forecast was cut from $3B to $2.7B. Users continue to shift to TikTok and YouTube. Shares fell 7.4% after the earnings release. NFLX is now 52% below its all-time high. SpaceX 🚀 Revenue surged 161% to $14.6B, EPS came in at twice the expected level, and AI now accounts for more than half of sales. Capital expenditures totaled $19.6B, including $16.4B spent on the superintelligence (SI) business. Elon Musk believes SpaceX's annual recurring revenue will reach $500B to $1T by the end of 2027. SpaceX could potentially overtake Amazon in sales within a year. Revenue by segment 🚀 Space: $1.77B vs. $1.43B expected. ✨ Communications: $5.25B vs. $4.86B expected. 🤖 Superintelligence (SI): $7.56B (+830% YoY). SpaceX now owns approximately 66% of all active satellites in orbit — roughly two out of every three. 👱‍♂️ Elon Musk confirmed that Tesla and SpaceX are exploring a potential merger. The boards of both companies have formed special committees at shareholders' request. Musk is not participating in the discussions due to his conflict of interest.

“Do I think it's a good idea? Yes. But ultimately, shareholders have to support it,” Musk said. He added that combining the companies offers “many advantages” because “we're practically at the point of the superintelligence singularity.”

Shares rose nearly 7% after the close. ⭐️ Add to your watchlist: NFLX SPCX

Salesforce to acquire Braze. Drug for bipolar disorder passes trials successfully ↗️ Rapport Therapeutics (RAPP) +32%. The Phase II clinical trial of RAP-219 for the treatment of acute mania in bipolar disorder met its primary and secondary endpoints. The results confirmed the viability of the drug's mechanism of action. ↘️ GE Aerospace (GE) -2%. Third-quarter results came in stronger than expected, and full-year guidance was raised across all metrics. The commercial engines and services segment grew 21%. Total orders jumped 49% to $19B, while commercial services orders rose 23%. Despite this, shares are currently in the red. ↘️ Genuine Parts (GPC) -6%. Distributor of automotive and industrial parts. The report only slightly beat estimates, but the company narrowed its full-year EPS guidance range. The new midpoint of the range is $7.625 versus analysts' expectations of $7.74. ↘️ General Motors (GM) -6%. EPS and revenue beat consensus, but only slightly. The board approved a new $20B buyback. Restructuring costs related to electric vehicles amounted to $11.2B. Additional cash outflows of $2.8B are expected through 2027. In addition, GM revised its profit forecast for the third time this year, narrowing the expected range. ↗️ Halliburton (HAL) +4%. The oilfield services company reported EPS and revenue above Wall Street expectations. ↗️ MSCI (MSCI) +6%. American provider of stock indices, financial data, and analytical tools. EPS and revenue exceeded consensus. The company set quarterly records for net new recurring services sales in the Analytics and Private Capital Solutions segments, as well as for asset-based fee revenue. In the Index segment, net new sales were the strongest for a third quarter. 🤝 Salesforce (CRM) -3%, Braze (BRZE) +51%. Salesforce agreed to acquire Braze, a customer engagement software developer, for approximately $5.66 billion including enterprise value, offering $47.5 per share in cash. The proposed amount represents a 58% premium to the closing price. Braze serves about 2,770 customers, including Canva, Dairy Queen, Equinox, Instacart, Urban Outfitters, and Venmo. The deal aims to strengthen Salesforce in AI and marketing. "Bringing that capability together with Salesforce Marketing Cloud, CRM, and Data 360 will deliver that wow moment in every customer interaction,” said Patrick Stokes, President, Applications and Marketing, Salesforce. The deal is expected to close in fiscal 2028, subject to regulatory and shareholder approval. ↗️ Klaviyo (KVYO) +9%. A competitor of Braze and a developer of a cloud-based B2C CRM platform for marketing automation and customer data management in e-commerce.

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Top trading ideas for this week 🔴 Tesla (TSLA). Report on October 21 after market close. Last quarter, profit fell short of forecasts due to spending on autonomous transport and robotics, but deliveries exceeded expectations. Last week, Tesla unveiled a Roadster capable of moving through the air. Meanwhile, U.S. regulators are reviewing the safety of Cybercab robotaxis. Investors will be watching investments in AI, Robotaxi, Cybercab, and the Optimus robot. As always, Tesla stocks are maximally unpredictable after the report. 🔴 Western Digital (WDC). Report on October 22 after market close. The stock has fallen about 32% over the quarter. Wells Fargo cut its price target from $730 to $450, and UBS from $525 to $470, citing risks to HDD production and pricing. Analysts prefer Seagate (STX). Additional pressure comes from Chinese CXMT's plans to produce NAND and Toshiba's investment to double HDD capacity by 2027. Given the negative backdrop, strong moves in WDC are possible after the report. 🔴 Meta (META). Report on October 21 after market close. Analysts expect revenue growth to slow and adjusted operating profit to decline quarter-over-quarter and year-over-year. At the same time, Truist Securities raised its price target from $763 to $1,000 thanks to the early success of the Muse AI agent. Since its launch in September, the stock has risen 21% versus 2% for the S&P 500. All recent reports have produced a strong gap in the stock; we expect elevated volatility. 🟡 Utilities sector. During market turmoil, investors often rotate into defensive assets: electricity and water get paid for even in a crisis. Stable cash flows allow utilities to pay regular dividends. If you expect further sell-offs, some funds can be allocated to defensive stocks: NextEra Energy, Southern Company, Duke Energy, American Electric Power, Dominion Energy, Sempra, Exelon, Entergy, and Public Service Enterprise. 🔴 Netflix (NFLX). Report on October 20 after market close. Since the start of the year, the stock has fallen 25% on concerns about audience engagement and slowing revenue growth. The company also cut 6% of its staff — the deepest reduction since 2022. Morgan Stanley lowered its price target from $83 to $80 while maintaining an "Outperform" rating. Positive factors include new content and licensing deals. On October 26, former Walt Disney Television chairman Peter Rice will join Netflix as Chief Content Officer. Medium-term prices look attractive, but it's better to wait for the report and management guidance. On the daily chart, there is no reversal yet: the stock is in a downtrend with support around $65. Choose what suits you best: 🟡 Medium risk, for traders with some experience; 🔴 High risk, for professionals. Profitable deals!