Stocks Retreat as Earnings Reports Roll In; Gold Slips Further After Worst Day Since 2013

Avery Dennison Stock Jumps on Q3 Profit, Walmart Deal

15 minutes ago

Avery Dennison (AVY) was one of the top-performing stocks in the S&P 500 Wednesday afternoon, with shares surging 10% on stronger-than-expected third-quarter profit and news of a deal with Walmart (WMT).

The Mentor, Ohio-based package labeling maker posted quarterly net income of $2.37 per share, above the $2.33 Visible Alpha consensus analyst projection. Revenue of $2.22 billion was essentially in line with estimates.

Avery Dennison also said it was teaming with Walmart to provide the world’s largest retailer with sensor technology to digitally track food freshness.

Even with today’s surge, Avery Dennison shares remain slightly lower in 2025.

Beyond Meat and Krispy Kreme: Meme Stock Traders Can’t Seem to Get Enough of the Combo

36 minutes ago

If you’re old enough to remember when shares of Beyond Meat traded for under a buck apiece, read on. (It was earlier this week.)

Those days seem quaint now, with the stock moving as high as $7.69 this morning—its highest level since August of last year and up about 1,400% from its closing low this year of 52 cents, set last Thursday. (The stock had given back most of its early-session gains by Wednesday afternoon, displaying the volatility that is typical of meme plays, and was trading at $3.90 recently.)

Beyond (BYND) seems to be the meme stock of the moment, though others are vying for the pantheon: Krispy Kreme (DNUT), for example, which at 2025 intraday lows of $2.50 was down 75% for the year as of June, is now trading some 65% above those prices. Both stocks remain well off their historical highs.

Grabbing at a lightning bolt is no easy feat. JPMorgan analysts tapped both of those companies as compelling short ideas earlier this month, citing “eroding market share in a declining category” in Beyond’s case and and an “overburdened balance sheet” in Krispy Kreme’s.

Some news around the stocks has likely helped drive or sustain momentum. On Monday, Roundhill added Beyond to its Meme Stock ETF (MEME), launched in early October. (Other names in the ETF include OpenDoor (DOOR) and Plug Power (PLUG); its price is roughly flat since it arrived.) Beyond announced wider availability in Walmart (WMT) stores earlier this week. And Krispy Kreme has stepped up its overseas expansion plans.

Read the full article here.

–David Marino-Nachison

Netflix’s Earnings Came With a Jump Scare. Why the Stock is the S&P 500’s Biggest Loser

1 hr 9 min ago

Even the “KPop Demon Hunters” were no match for the jump scares in Netflix’s (NFLX) latest earnings.

The streaming giant has been riding high on the success of the Korean cultural import—its animated superhero girl group has been a record-breaking hit—but its third-quarter report featured an unusual tax expense amid heightened investor expectations. Investors pulled away from the shares in response, with the stock falling some 10% in recent trading to be the biggest losers in a sliding S&P 500—and taking some of the gloss off a mostly-strong 2025.

The big terror in Netflix’s quarter was a $600 million-plus expense described by CEO Spencer Neumann as a “unique tax” that recently turned into a “cost of doing business in Brazil.” The country’s Supreme Court ruled in August that its 10% tax levied on cross-border payments, royalties, and services could apply to a broader range of transactions in a case involving a different company, he explained. Given the likelihood of that ruling applying to the streaming company, Neumann said, it recorded the expense that covers periods from 2022 through September 2025.

Without that expense, according to Neumann, Netflix would’ve beaten its third-quarter targets for operating income and operating margin. “We don’t expect this matter to have a material impact on our results going forward,” he said, according to a transcript provided by AlphaSense.

Netflix’s reported operating income of $3.24 billion missed consensus expectations for $3.6 billion, per analysts tracked by VisibleAlpha.

Read the full article here.

–Crystal Kim

Next Fed Meeting: When It Is in October and What to Expect

1 hr 38 min ago

The Federal Reserve’s policy committee meets next on Oct. 28 and 29, and policymakers are widely expected to cut the central bank’s key interest rate to lower borrowing costs and prevent the shaky job market from collapsing.

Investors expect the Federal Open Market Committee to reduce the fed funds rate by a quarter of a percentage point to a range of 3.75% to 4%, according to the CME Group’s FedWatch tool, which forecasts rate changes based on fed funds futures trading data. That would mark the lowest level for the fed funds rate since December 2022. The Fed cut the key rate in September for the first time since December 2024.

On Tuesday, financial markets were pricing in a 97% chance of a quarter-point cut according to the FedWatch tool. Economists at Deutsche Bank led by Amy Yang called the October cut a “done deal” in a commentary Tuesday.

Fed officials have said they’re cutting interest rates to boost the economy and prevent a surge of unemployment. Job growth nearly came to a halt this summer as tariffs pushed up prices and squeezed consumer budgets.

Read the full article here.

–Diccon Hyatt

Intuitive Surgical Stock Jumps as Demand for Robotic Procedures Rises

1 hr 49 min ago

Intuitive Surgical (ISRG) shares jumped Wednesday after the maker of robotic surgical devices posted much better-than-expected quarterly results and raised its guidance on increased use of its units.

The maker of the da Vinci and Ion systems reported third-quarter adjusted earnings per share of $2.40, $0.42 more than analysts surveyed by Visible Alpha expected. Revenue increased 23% to $2.51 billion, also above estimates. 

Intuitive sees full-year da Vinci procedure growth of 17% to 17.5%, better than its previous outlook of 15.5% to 17.0%, and gross profit margin of 67.0% to 67.5% versus an earlier prediction of 66.0% to 67.0%.

The news lifted the shares, with the stock recently up more than 14%—and back in the green for the year for the first time in months.

Read the full story here.

–Bill McColl

Tesla Is Set to Report Earnings Today. Here’s What You Need to Know

2 hr 5 min ago

Tesla (TSLA) is slated to kick off Magnificent Seven earnings when it reports third-quarter results after the closing bell on Wednesday. 

The electric car maker, which topped quarterly delivery estimates earlier this month, is expected to say it returned to revenue growth last quarter after two consecutive quarters of decline. Sales are expected to increase about 5% to $26.6 billion, while adjusted earnings are expected to decline about 25% to 54 cents a share, according to analysts estimates compiled by Visible Alpha. 

“After a brutal few quarters we are finally starting to see stable demand trends for Tesla,” wrote Wedbush analyst and noted Tesla bull Dan Ives in a note on Sunday. Investors, he said, will be looking for comments on Tesla’s Robotaxi rollout, the production trajectory for its Cybercab and Optimus humanoid robot, and an upcoming shareholder meeting where investors will vote on CEO Elon Musk’s potentially $1 trillion pay package and a shareholder proposal to invest directly in Musk’s AI startup, xAI.

Tesla has had a chaotic year, but it started on a positive note, with the stock riding high on optimism about the incoming Trump administration and Musk’s sway within it. That optimism began fading in February as President Trump implemented sweeping tariffs and consumers protested Musk’s political activities. Since Musk left the administration in May, Tesla has launched its first Robotaxi service in Austin, Texas, and unveiled long-awaited low-cost models.

Read the full article here.

–Colin Laidley

Alphabet’s Google, Anthropic Mulling Multibillion-Dollar Cloud Deal, Report Says

2 hr 43 min ago

Google could soon be closing in on a cloud computing deal with AI startup Anthropic worth tens of billions of dollars.

The proposal under consideration would allow OpenAI rival and Claude chatbot maker Anthropic access to Google’s tensor processing units, which are chips designed to speed up machine learning workloads, Bloomberg reported.

Anthropic and Alphabet did not respond to Investopedia’s requests for comment in time for publication.

The talks are in the early stages and details could change, the report noted.

Last month, Anthropic announced it had raised $13 billion in funding from a large group of investors, giving it a valuation of $183 billion. It said the money will expand its capacity to “meet growing enterprise demand, deepen our safety research, and support international expansion as we continue building reliable, interpretable, and steerable AI systems.”

Shares of Google parent Alphabet (GOOGL) were up about 1% in recent trading. They’ve added roughly a third of their value in 2025 so far.

–Bill McColl

Crypto-Tied Stocks Drop Along With Price of Bitcoin

2 hr 53 min ago

The price of Bitcoin retreated in late-morning trading Wednesday, and dragged several cryptocurrency-tied stocks along with it.

Shares of Coinbase Global (COIN) and Robinhood Markets (HOOD) sank 7% in recent trading, while those of Bitcoin treasury firm Strategy (MSTR) and MARA Holdings (MARA) were down 5% and 6%, respectively.

Bitcoin traded around $108,000, down from nearly $112,000 earlier Wednesday.

GE Vernova Stock Drops as Profit Comes Up Short

3 hr 36 min ago

GE Vernova (GEV) was one of the worst-performing stocks in the S&P 500 Wednesday after the company reported third-quarter profit that missed analysts’ expectations.

Shares of the Cambridge, Mass., firm fell 8% after it posted earnings of $1.64 per share, well below the $1.88 Visible Alpha consensus estimate. Revenue of $9.97 billion topped the $9.15 billion expectation.

The company also announced it will acquire the remaining 50% stake of Prolec GE, its unconsolidated joint venture with Xignux. GE Vernova said the “deal will accelerate GE Vernova’s Electrification segment’s growth trajectory, the company’s fastest-growing segment, by expanding its presence in and support for North America, where demand for grid technologies is rising rapidly.”

Despite today’s downturn, shares of GE Vernova are up about 60% this year.

DraftKings Expands Into Prediction Markets Game With Railbird Acquisition

3 hr 54 min ago

DraftKings (DKNG) is expanding into the booming prediction markets business.

The company announced after the close Tuesday that it is buying Railbird Technologies, which it said would support the company’s plans to offer regulated event contracts. Financial considerations of the deal were not disclosed.

Co-founder and CEO Jason Robins said the addition of Railbird “positions us to win in this incremental space.”

With the purchase, DraftKings said it plans to launch “DraftKings Predictions” in the coming months, a mobile app allowing customers to trade regulated event contracts “on real-world outcomes across finance, culture, and entertainment.”

The move could help DraftKings compete more directly with offerings from prediction market operators Kalshi and Polymarket, which have seen their popularity and valuations soar this year.

Shares of DraftKings were up about 2% in recent trading following the news, though they remained down about 8% for 2025.

–Bill McColl

Texas Instruments Stock Drops on Soft Q4 Outlook

4 hr 28 min ago

Texas Instruments’ third-quarter results were a mixed bag. Its current-quarter outlook really seems to have disappointed investors.

After the bell Tuesday, Texas Instruments (TXN) reported profit of $1.48 per share on revenue that increased 14% year-over-year to $4.74 billion. Analysts surveyed by Visible Alpha were looking for $1.51 and $4.65 billion, respectively.

For Q4, the Dallas-based firm guided for EPS between $1.13 and $1.39 on revenue from $4.22 billion to $4.58 billion. Analysts were calling for $1.41 and $4.51 billion.

Several analysts cut their price targets on the stock, with Morgan Stanley slashing its to $175 from $192, calling its revenue outlook “a surprise.”

Texas Instruments shares were down about 6.5% less than an hour into the trading day at roughly $169. They are nearly 10% lower this year.

Watch These Key Netflix Price Levels as Stock Drops After Disappointing Earnings

5 hr 8 min ago

Netflix (NFLX) shares tumbled in premarket trading Wednesday after the streaming giant ‘s third-quarter earnings came in short of Wall Street expectations.

The company posted earnings per share of $5.87, compared with the $6.92 EPS that analysts tracked by Visible Alpha had anticipated. Executives said an unplanned charge tied to an “ongoing dispute with Brazilian tax authorities” weighed on profitability in the quarter. Revenue rose 17% from the year-earlier period to $11.51 billion, in line with analysts’ estimates, and Netflix projected another 17% increase in the fourth quarter, driven by membership growth, pricing adjustments and increased ad revenue.

Netflix shares were down more than 7% at around $1,150 in recent premarket trading. Through yesterday’s close, the stock had risen 40% since the start of the year, far outpacing the 15% gain of the benchmark S&P 500 index over the period.

After hitting their record high in late June, Netflix shares have consolidated within a descending triangle, a bearish chart pattern that signals a potential move lower.

Indeed, the stock looks set to tumble toward the pattern’s lower trendline following the streamer’s weaker-than-expected earnings report, reinforcing a downward bias.

Read the full technical analysis piece here.

–Timothy Smith

Hilton Stock Rises as Luxury Brands Power Stronger-Than-Expected Results

5 hr 55 min ago

Hilton Worldwide Holdings (HLT) shares advanced 3% less than an hour before the bell after the hotel chain reported better-than-expected third-quarter results, aided by gains in its luxury brands.

The McLean, Va.-based company posted adjusted earnings of $2.11 per share on revenue that rose almost 9% year-over-year to $3.12 billion. Analysts polled by Visible Alpha had expected $2.06 and $3.01 billion, respectively.

Although system-wide comparable RevPAR decreased 1.1%, slightly worse than expected, it rose at luxury brands LXR, Conrad, and Waldorf Astoria by 6.4%, 2.6%, and 1.7%, respectively.

Hilton now sees full-year system-wide comparable RevPAR from flat to up 1% versus the prior projection of flat to up 2%, but lifted its adjusted EPS guidance to a range of $7.97 to $8.06 from $7.83 to $8.00.

“We remain optimistic that in the U.S., lower interest rates, a more favorable regulatory environment, certainty on tax policy and a significant investment cycle will accelerate economic growth and travel demand,” CEO Christopher Nassetta said.

Hilton shares entered Wednesday up about 8% this year.

Mattel Stock Sinks After Q3 Results Come in Worse Than Expected

6 hr 40 min ago

Shares of Mattel (MAT) were down nearly 6% before the bell after the Barbie maker reported weaker-than-expected third-quarter results.

After the bell Tuesday, the El Segundo, Calif.-based toymaker posted adjusted earnings of $0.89 per share on net sales that fell 6% year-over-year to $1.74 billion. Analysts surveyed by Visible Alpha had expected $1.04 and $1.83 billion, respectively.

Gross margin decreased to 50.0% from 53.1% a year ago, which Mattel said was “primarily due to the impacts of unfavorable foreign exchange, inflation, tariff costs, and higher sales adjustments, partially offset by cost savings.”

“Our U.S. business was challenged in the third quarter by industry-wide shifts in retailer ordering patterns,” CEO Ynon Kreiz said.

Mattel shares entered the day up 6% year-to-date, while the benchmark S&P 500 is up nearly 15%.

Stock Futures Little Changed After Mixed Session

7 hr 17 min ago

Futures tied to the Dow Jones Industrial Average were fractionally lower.

S&P 500 futures were up 0.1%.

Nasdaq 100 futures were less than 0.1% lower.