$TSLA NEWS Tesla stock soars on earnings surprise, upbeat outlook OTC Markets EXMKT - Delayed Quote ? USD Canal Capital Corporation (COWP) Follow Compare 0.0001 0.0000 (0.00%) As of October 23 at 4:00 PM EDT. Market Open. Related News Tesla skyrockets on Q3 results. What are tech investors making of it? Tesla (TSLA) was the first member of the Magnificent Seven to report earnings this season, posting mixed results that has sent the stock ripping and roaring by nearly 20% higher. How should investors be looking at the broader tech trade coming off of Tesla's results? "In the short to medium term, though, it is a trade play. And I think if [Tesla stock] approaches and closes high above a $260, $265 level, I think you buy it because I think it's going all the way to $300," EquitySet CEO Tony Zipparro tells Wealth's Alexandra Canal. "However, if it kind of stops right, pauses, I think it's going all the way down to $200." Expanding the conversation to rest of the Magnificent Seven, Zipparro views declining revenue and deteriorating consumer fundamentals as the biggest risks for names like Microsoft (MSFT) and Meta Platforms (META). Zipparro elaborates on trends in investors rotating out of Big Tech and how investors can remain defensive around volatility fueled by the 2024 election. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 21 minutes ago GOOG NVDA AAPL UPS Q3 earnings beat: How it's planning for peak holiday season United Parcel Service (UPS) posted third quarter revenue of $22.2 billion, beating estimates and snapping a 10-quarter miss streak on its top line. The freight shipper noted this to be a 5.6% year-over-year increase in its earnings release while adjusted earnings per share rose 12.1% annually to $1.76. "And it really is the outcome of a lot of effort to focus on revenue quality and growing the business and the segments that really matter to us," UPS Chief Financial Officer Brian Dykes tells Seana Smith and Madison Mills on Catalysts. On the earnings call, UPS CEO Carol Tomé stated the delivery service is "ready to deliver another successful holiday season and continue the progress we demonstrated in the third quarter." Dykes comments on the onboarding process for UPS's partnership with the United States Postal Service, becoming the primary air cargo shipper for the USPS, ahead of the peak holiday season. "Peak is our Super Bowl around here. So you know UPS starts planning at peak in February, and we are starting to ramp up our staffing to be able to support our customers during what will be a short holiday season," Dykes says. "But we continue to invest in technology that allows us to, one, hire faster and more efficiently, allow those resources to be more efficiently. We've altered the model so we'll be more using more helpers, more part time drivers to help manage the flex up and down, as well as the technology that we use within our hubs." Dykes expands on UPS's macro holiday forecast — taking into account consumer and retailer demands — as well as its business-to-business (B2B) segments. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 2 hours ago UPS The one factor that could make or break Mag 7 market leadership Tesla (TSLA) has kicked off "Magnificent Seven" earnings, posting beats on adjusted earnings per share and higher gross margins. Ayako Yoshioka, Wealth Enhancement Group senior portfolio manager, joins Morning Brief to discuss what these results mean for the rest of the Magnificent Seven earnings and overall market leadership heading into 2025. Yoshioka explains that there is a greater emphasis on tech sector earnings given its concentration in the S&P 500 (^GSPC) and weight within the Magnificent Seven. However, she notes that CapEx (capital expenditures) spending among hyperscalers will determine their leadership position moving forward. She tells Yahoo Finance, "I think they're going to evaluate it at some point and see whether or not they need to continue at the pace that they've been at over the last few quarters." With AI still being early in its development, Yoshioka argues that it's "going to be a while" before seeing real competition among hyperscalers and chip companies. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl Yahoo Finance Video ? 3 hours ago GOOG MSFT NVDA Tesla is most underpriced AI play in the market: Dan Ives Tesla (TSLA) posted mixed third quarter results, with adjusted earnings of $0.72 per share surpassing the estimated $0.60, while revenue of $25.18 billion fell short of the $25.43 billion expected. Despite this, the automaker provided an optimistic forecast, projecting 20-30% growth for 2025. Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives tells Morning Brief that margins were crucial this quarter. "That's been a huge part of the overhang on this story. They beat by 200 bps (basis points). Price cuts in the rearview mirror. And when you combine that with that growth forecast, I think whisper numbers called ten, eleven percent. They gave twenty and thirty percent. It's an Aaron Judge-like quarter," Ives states. Ives predicts Tesla will launch an affordable EV priced under $30,000, boosting company revenues — a factor he believes is reflected in the growth forecast. While acknowledging a "painful year" for EV demand, he anticipates a "renaissance of growth" in 2025, driven by advances in AI and autonomous driving technologies. Regarding the upcoming US election's impact on the EV market, Ives tells Yahoo Finance: "I do believe if Trump gets elected second term, it's bearish for EVs... but I do believe that it's bullish for Tesla." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 3 hours ago TSLA Tesla earnings, UPS, Boeing workers reject offer: 3 Things US stock futures (ES=F, NQ=F, YM=F) are abuzz this morning after EV maker Tesla (TSLA) reported mixed third quarter earnings results after the closing bell on Wednesday. Tesla shares have been soaring in pre-market trading, adding $80 billion to the company's market cap. While releasing its earnings results, Southwest Airlines (LUV) has reached a deal with activist investor Elliott Management. Meanwhile, United Parcel Service (UPS) beat third quarter earnings estimates. Catch Yahoo Finance's interview with UPS Chief Financial Officer Brian Dykes later today. The International Association of Machinists and Aerospace Workers (IMA) union rejected the latest labor contract proposal from aircraft manufacturer Boeing (BA). It has been nearly a month and a half since Boeing factory workers went on strike in mid-September. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 4 hours ago UPS NQ=F TSLA Tesla earnings, McDonald's woes: Market Takeaways All three of the major averages (^DJI,^GSPC, ^IXIC) closed lower on Wednesday. One of the biggest movers was McDonald' (MCD) which fell 5% after an E. coli outbreak was traced back to its Quarter Pounder sandwiches. After the close, shares of Tesla (TSLA) soared after the EV giant posted better-than-expected Q3 earnings. Yahoo Finance Markets Reporter Josh Schafer joins Anchor Josh Lipton on Asking For a Trend to examine the trading day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Kevin Hall Yahoo Finance Video ? 18 hours ago ^IXIC TSLA ^DJI Tesla earnings: Are Full-Self Driving functions spurring demand? Tesla (TSLA) stock is climbing higher in extended-hours trading after reporting mixed third quarter earnings, missing revenue estimates ($25.18 billion vs. $25.43 billion expected) and posting adjusted earnings of $0.72 per share ($0.60 was expected). The EV maker stated it is on track for "slight growth" in EV deliveries for 2024, while projecting production on affordable EVs to begin in 2025. "This just confirms what they've been saying, which is we're going to get affordable cars in the first half of next year," RBC Capital Markets Global Autos Analyst Tom Narayan tells Julie Hyman and Josh Lipton, adding: "We all thought we were going to see something at the robotaxi event about this, but I think folks are just comforted to know that it is coming. Everything is on track on the more affordable cars." Narayan discusses Tesla's earnings print and what it is forecasting about the electric automaker's margins: "They did do some discounting and they're going to try to get that growth number for the full year. So Q4 you're going to see some price-cutting. But if they can still do a 17% margin, X credits, that's a pretty strong signal that... they can continue to hold on to margins." Tesla reported 462,890 EV deliveries, just below Wall Street consensus estimates 463,897. Narayan believes Tesla's Full Self-Driving upgrades and pivots to autonomous driving could be boosting its demand. "The services number was pretty high. So I do wonder if the services attach rate, especially FSD, might be making making an impact here. Folks could be thinking I'm going to buy this car because of FSD," Narayan says. "That may be catalyzing demand. And kind of even though the models are maybe a little long in the tooth... FSD is something, something special here that might be what's happening." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 19 hours ago TSLA IBM stock slipping on Q3 profit beat, revenue miss IBM (IBM) released mixed third quarter results after Wednesday's closing bell, reporting $14.97 billion in revenue ($15.05 billion was expected) and adjusted earnings of $2.30 per share ($2.22 was expected). IBM shares have slipped by over 4% in extended-hours trading. Market Domination Overtime Julie Hyman and Josh Lipton run through the multinational technology company's revenues across its various segments, including software and generative AI. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 20 hours ago IBM Tesla earnings: Mixed results, sees delivery growth in 2024 Tesla (TSLA) reported mixed third quarter results. Adjusted earnings of $0.72 per share topped the Bloomberg consensus estimate of $0.60. However, revenue of $25.18 billion fell short of the expected $25.43 billion. In the release, the company states that it does "expect to achieve slight growth in vehicle deliveries in 2024," adding that it "plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025." Market Domination Anchors Julie Hyman and Josh Lipton break down the EV giant's results. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Stephanie Mikulich. Yahoo Finance Video ? 20 hours ago TSLA Elon Musk Announces Self-Driving Tesla Ride-Hailing for 2025 in California and Texas Musk Reveals Plans for Tesla's Autonomous Taxi Service Amid Regulatory Hurdles GuruFocus.com ? 3 minutes ago TSLA Q3 2024 ServiceNow Inc Earnings Call Q3 2024 ServiceNow Inc Earnings Call Thomson Reuters StreetEvents ? 21 minutes ago NOW US Equity Indexes Mixed as Treasury Yields Retreat; Tesla Pushes Nasdaq Higher US Equity Indexes Mixed as Treasury Yields Retreat; Tesla Pushes Nasdaq Higher PREMIUM MT Newswires ? 36 minutes ago TSLA COMP SPGI IBM Stock Falls As Revenue Misses Mark. But This Trend Could 'Soften The Blow.' IBM stock fell following its Q3 report. IBM's book of business for AI hit $3 billion but overall revenue in Q3 came in light. Investor's Business Daily ? 42 minutes ago IBM Here's Why Whirlpool Surged 13% Today (and Why There Could Be More to Come) The company reassured investors it was on track to meet its full-year guidance, which was enough to send the stock soaring. Motley Fool ? 45 minutes ago WHR Top Stock Movers Now: Tesla, Molina Healthcare, UPS, Honeywell, and More The Dow and S&P 500 lost ground at midday Thursday, while the Nasdaq edged higher with Tesla leading gains on the tech-heavy index after the company's earnings topped estimates. Investopedia ? 49 minutes ago TSLA MOH ^GSPC Q3 2024 Viking Therapeutics Inc Earnings Call Q3 2024 Viking Therapeutics Inc Earnings Call Thomson Reuters StreetEvents ? 1 hour ago VKTX Tesla posts profit gain on higher sales and lower costs After the Cybercab event damp squib earlier this month, there was better news for investors Just Auto ? 1 hour ago TSLA AI Data Centers Are Driving Business For These Tech Infrastructure Stocks Companies providing infrastructure technology for AI data centers have posted strong third-quarter results. Investor's Business Daily ? 1 hour ago VRT APH CLS Tesla's Stock Skyrockets 17% After Crushing Q3 Expectations Elon Musk's bold plans for future growth and AI innovation send shares soaring GuruFocus.com ? 1 hour ago TSLA Intellia's Ntla-2002 Shows Promising Results, but Stock Drops Following Phase 2 Data Release Intellia reports positive Phase 2 results for NTLA-2002, but stock drops amid pre-market trading. GuruFocus.com ? 1 hour ago NTLA Performance Overview Trailing total returns as of 10/24/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return COWP S&P 500 YTD 0.00% +21.79% 1-Year 0.00% +37.76% 3-Year -91.67% +27.82%
