$TSLA NEWS Tesla stock soars on earnings surprise, upbeat outlook OTC Markets EXMKT - Delayed Quote ? USD Daybreak Oil and Gas, Inc. (DBRM) Follow Compare 0.0001 0.0000 (0.00%) As of October 23 at 4:00 PM EDT. Market Open. Related News Tesla earnings: Wall Street weighs in following monster quarter Tesla shares rocketed higher on Thursday on the back of several positive disclosures from the EV maker in its latest third quarter report. Yahoo Finance ? 1 hour ago TSLA 3 reasons why airlines are seeing seat mile cost pressure American Airlines (AAL) and Southwest Airlines (LUV) both topped third quarter earnings estimates and provided upbeat full-year outlooks. However, American reported a $149 million quarterly net loss and Southwest saw falling profit for its last quarter. Stephen Trent, Citi managing director, joins Catalysts to discuss the earnings results and what they signal about the broader airline sector. Specifically looking at Southwest, Trent tells Yahoo Finance, "One of the things that stood out to me was the 4Q ex-fuel seat mile cost guide. That did look heavier than we were anticipating. And I would say that's at least partially behind the price action this morning." He notes that the industry as a whole is seeing seat mile cost pressure, especially budget airlines. He explains. "Everybody's labor is going up. Nobody can get equipment in a timely manner from the manufacturers. And United States does not have enough air traffic control capability, which is a primarily Northeast and Florida thing, but not only those places." Thus, with these pressures, airlines have been struggling to provide lower prices to consumers, which has particularly weighed on discount airlines like Southwest. Trent believes that "some sort of rationalization from a capacity perspective" could shift the sector back to a more stable state. He adds, "We need to get to a point where there is better equilibrium between unit revenue and ex-fuel unit cost." To that end, he believes that network airlines have "a much easier path ahead" than budget airlines. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl Yahoo Finance Video ? 3 hours ago LUV AAL 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 ? 4 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 ? 5 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 ? 6 hours ago UPS NQ=F TSLA IBM stock is 'very depressed ' given growth potential and AI play IBM (IBM) shares are under pressure after the company’s third quarter revenue fell short of analyst expectations. Argus Research director of research Jim Kelleher joins Julie Hyman and Josh Lipton to break down the results, where the company fits into the artificial intelligence play, and IBM stock’s valuation. “The revenue was a little light, and that's the instant reaction. It is worth keeping in mind that this long-time lagging stock was up about 42% year to date [and] its peer group is up considerably less,” Kelleher says. The analyst says IBM could be an interesting way to play the AI trade. “They're really getting the AI story together… Generally, I think their cloud strategy and their AI strategy is now kind of working.” Kelleher notes that IBM stock has been “kind of a chronic underperformer over the years.” He says, “It's been a very depressed stock,” given its growth potential. He adds, "Earnings did grow a little bit [though] again a little disappointment on the top line. But I think that's addressable." 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 Naomi Buchanan. Yahoo Finance Video ? 20 hours ago IBM T-Mobile, Whirlpool, Mattel: After-hours movers T-Mobile (TMUS) delivered strong third quarter results, beating analyst expectations for both revenue and profit. The telecommunications giant also provided an upbeat forecast, driving shares higher in after-hours trading on Wednesday. Whirlpool (WHR) posted mixed third quarter results, falling short of revenue and sales projections. The appliance manufacturer cited weak consumer discretionary spending as a primary factor in the disappointing results. Meanwhile, Mattel (MAT) stock gained momentum after the toymaker raised its annual adjusted gross margin target to 50%, following its better-than-expected third quarter earnings. 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 Angel Smith Yahoo Finance Video ? 21 hours ago MAT WHR TMUS 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 ? 22 hours ago TSLA Viking Therapeutics Soars 21%: Is This Obesity Drug the Next Blockbuster Weight Loss Treatment? With a $930M cash boost and promising trial results, Viking Therapeutics is racing to challenge the weight loss giants--here's why investors are buzzing GuruFocus.com ? 10 minutes ago VKTX Union Pacific Stock Falls as Results Off Track Union Pacific reported lower-than-expected third-quarter profit and revenue as it had a softer business mix and fuel surcharge revenue fell. Investopedia ? 45 minutes ago UNP Newmont Stock Crashes 14% Despite Record Profit Surge -- Here's What Really Happened Rising costs overshadow Newmont's record-breaking Q3 earnings, sending shares plummeting. GuruFocus.com ? 56 minutes ago NEM These Stocks Are Moving the Most Today: Tesla, Boeing, UPS, IBM, ServiceNow, Molina, West Pharma, Newmont, and More Tesla stock jumps after the electric-vehicle maker posts better-than-expected earnings and profit margins, Boeing’s largest union rejects a new labor contract, UPS tops profit and revenue estimates, and IBM falls after posting a mixed earnings report. Barrons.com ? 1 hour ago IBM LRCX BA Tesla ETF Skyrockets on Strong Q3 Earnings The leveraged TSLL ETF gained as much as 34% on Thursday. etf.com ? 1 hour ago DRIV TSLL KARS US Equity Indexes Mixed as Tesla Pushes Nasdaq, S&P 500 Higher Amid Declines in Treasury Yields US Equity Indexes Mixed as Tesla Pushes Nasdaq, S&P 500 Higher Amid Declines in Treasury Yields PREMIUM MT Newswires ? 1 hour ago TSLA COMP Tesla stock soars 20% thanks to an earnings beat and Elon Musk's 'best guesses' Tesla (TSLA) stock was ralling Thursday after the company delivered earnings that largely surprised Wall Street and Elon Musk delivered a new round of optimistic forecasts. Quartz ? 1 hour ago TSLA Tesla jumps 21% to remain on track for biggest one day gain since 2011 Investing.com -- Tesla rallied 21% Thursday to remain on track for its best day since 2011 after the electric maker reported stronger-than-expected results and also delivered a strong delivery outlook for 2025. Investing.com ? 1 hour ago TSLA Why IBM Stock Is Falling Today Is IBM stock's hot streak in danger of fizzling out? Motley Fool ? 1 hour ago IBM Tesla Stock Jumps as Analysts Say EV Maker is 'Charging Up' for 2025 Tesla shares are roaring higher a day after the company’s third quarter results, which analysts at Wedbush called an “Aaron Judge-like performance.” Investopedia ? 1 hour ago TSLA Tesla Stock Hits Multi-Year High with 18% Jump on Strong Earnings Optimism High as Tesla Outperforms Analyst Predictions, Stock Soars GuruFocus.com ? 1 hour ago TSLA Fiscal drag is damaging growth, says Bank rate-setter Frozen personal tax thresholds are damaging economic growth, a Bank of England rate setter has warned. The Telegraph ? 1 hour ago ^FTSE COMP TSLA Performance Overview Trailing total returns as of 10/24/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return DBRM S&P 500 YTD 0.00% +21.81% 1-Year -50.00% +37.77% 3-Year -99.75% +27.83%
