Noteworthy S&P 500 Movers on Wednesday
7 hr 16 min in the past
Advancers
- Teradyne (TER) shares surged 20.5%, outpacing all different shares within the S&P 500, after the supplier of automated check gear topped third-quarter gross sales and revenue estimates and offered better-than-expected steering for the fourth quarter. Robust AI-driven demand for semiconductor testing gear underpinned the upbeat forecast. Teradyne additionally named Michelle Turner, previously an government at protection contractor L3Harris Applied sciences (LHX), as its new chief monetary officer (CFO).
- Seagate Expertise Holdings (STX), a producer of knowledge storage options, additionally surpassed gross sales and revenue forecasts for the third quarter and issued a promising fourth-quarter outlook. CEO Dave Mosley highlighted the significance of synthetic intelligence in driving demand for the corporate’s heat-assisted magnetic recording drives. Seagate inventory jumped 19.1%, whereas shares of fellow information storage specialist Western Digital (WDC) added 13.2%.
- Centene (CE) shares popped 12.5% after the well being insurer posted a shock revenue for the third quarter and raised its full-year steering. Elevated demand for Medicare prescription drug plans and better charges in Centene’s Medicaid enterprise helped drive income development and offset challenges associated to rising medical prices.
Decliners
- Shares of Fiserv (FI), a supplier of digital banking and cost processing providers, plummeted 44% to publish the S&P 500’s weakest efficiency Wednesday. The corporate reported lower-than-expected income and adjusted earnings per share for the third quarter and lower its full-year forecasts. Fiserv additionally introduced an “motion plan” geared toward enhancing its efficiency and introduced that Paul Todd, former CFO of International Funds, will take over as its finance chief.
- Verisk Analytics (VRSK), which presents information analytics options primarily for the insurance coverage business, topped third-quarter adjusted revenue forecasts however fell in need of income expectations. The corporate cited low ranges of extreme climate through the interval, which restricted the amount of claims processed via its programs. Verisk additionally trimmed its full-year income forecast, and its share tumbled 10.4%.
- Though on-line actual property platform operator CoStar Group (CSGP) exceeded gross sales and revenue forecasts for the third quarter, its upwardly revised full-year forecast for adjusted earnings per share remained beneath consensus expectations. Analysts at Baird lowered their worth goal on CoStar inventory, citing challenges associated to house bookings. CoStar shares fell 9.9%.
–Michael Bromberg
Alphabet Inventory Soars as Firm Hits Income Milestone
7 hr 33 min in the past
Alphabet’s (GOOGL) third-quarter outcomes topped analysts’ expectations, because the tech large surpassed $100 billion in income for the primary time.
The mum or dad firm of Google and YouTube late Wednesday reported earnings per share of $2.87, up from $2.12 the similar time final 12 months, whereas income got here in at $102.3 billion, up 16% year-over-year, with every metric topping the analyst consensus compiled by Seen Alpha.
Income from its Google Cloud service was $15.16 billion, in comparison with $11.35 billion final 12 months and higher than the $14.77 billion analyst consensus. In its Search and Different phase, Alphabet topped estimates with $56.57 billion in income, up 14.5% year-over-year.
Alphabet CEO Sundar Pichai mentioned the corporate is “investing to satisfy buyer demand and capitalize on the rising alternatives throughout the corporate.” Alphabet mentioned it now expects capital expenditures for this 12 months to be $91 billion to $93 billion, in comparison with the $85 billion estimate the corporate gave final quarter.
Final quarter, the tech large lifted its capital expenditures forecast to $85 billion from $75 billion beforehand, resulting from its plans to increase its information middle development and spending on issues like servers for its synthetic intelligence infrastructure.
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Alphabet shares have been up almost 6% in current after-hours buying and selling. By the shut of Wednesday’s common buying and selling session, the inventory has gained 45% for the reason that begin of 2025, making it the second-top gainer amongst members of the Magnificent Seven.
–Andrew McDade
Meta Shares Plunge as Revenue Hit By Tax Cost
7 hr 51 min in the past
An almost $16 billion tax cost tied to President Trump’s signature “One Large Stunning Invoice” squeezed Meta’s earnings within the third quarter, sending its inventory reeling.
Shares of Meta Platforms (META) have been down 8% in prolonged buying and selling Wednesday after the tech large posted earnings that missed analysts’ estimates by a large margin, citing tax adjustments.
The Fb, Instagram, and WhatsApp proprietor reported earnings per share of $1.05 for the third quarter, down 85% from a 12 months in the past and nicely beneath the $6.70 analysts referred to as for. The corporate mentioned it took a one-time hit to the tune of $15.93 billion tied to tax adjustments following the implementation of the “One Large Stunning Invoice” signed into regulation by President Trump in July.
Excluding the cost, Meta would have reported EPS of $7.25, forward of analysts’ estimates. Meta’s income jumped 26% year-over-year to a document $51.24 billion, topping analyst projections compiled by Seen Alpha.
Meta additionally boosted the decrease finish of its capital expenditures forecast to a spread of $70 billion to $72 billion, from $66 billion to $72 billion beforehand. That marks the third time this 12 months the corporate has upped its capex steering because it builds out its AI capability.
Wanting forward, Meta mentioned it expects fourth-quarter income within the vary of $56 billion to $59 billion, forward of the analyst consensus, and advised traders it expects a “important discount” in its U.S. federal money tax funds for the rest of 2025 and past.
–Kara Greenberg
Fed Chair Powell Says December Curiosity Charge Lower Is ‘Far From’ Assured
9 hr 38 min in the past
The Federal Reserve’s coverage committee will not essentially lower rates of interest in December, opposite to what monetary markets had anticipated.
Federal Reserve Chair Jerome Powell upended monetary market bets that the Fed’s coverage committee would decrease its benchmark rate of interest for a 3rd consecutive assembly in December. Talking at a press convention following the Fed’s determination to chop charges by a quarter-point on Wednesday, Powell mentioned that the rate-cutting marketing campaign wouldn’t essentially proceed into December, as had been broadly forecast.
“An extra discount within the coverage fee on the December assembly just isn’t a foregone conclusion, removed from it,” Powell mentioned. “There have been strongly completely different views as we speak. And the takeaway from that’s that we have not decided about December.”
Federal Reserve Chair Jerome Powell.
Alex Wong / Getty Photographs
Powell’s feedback underscored that the central financial institution’s decision-makers are divided on how one can deal with its present dilemma.
Fed officers are torn between reducing the fed funds fee to spice up the financial system and rescue the stumbling job market, and holding it larger for longer to sluggish the financial system and struggle inflation. To make issues trickier, the continued authorities shutdown has lower off the info from statistical businesses that the Fed normally depends on to make its choices.
Learn the complete article right here.
–Diccon Hyatt
Fed Cuts Curiosity Charges Once more to Defend Jobs as Financial Dangers Develop
11 hr 15 min in the past
The Federal Reserve has as soon as once more lower its benchmark rate of interest, aiming to breathe some life into the stagnating job market and stop a surge in unemployment by reducing borrowing prices.
The Fed’s coverage committee voted to chop the fed funds fee by 1 / 4 level to a spread of three.75% to 4% Wednesday, following up a lower of the identical dimension in September. In current months, Fed officers have voiced extra rising considerations in regards to the well being of the labor market as job development has slowed. That has led them to prioritize boosting hiring over combating inflation, which continues to be working above the Fed’s goal of a 2% annual fee. The transfer was broadly anticipated in monetary markets.
Wednesday’s lower confirmed that, at the least for now, boosting employment stays the Fed’s main aim, with the battle towards inflation on the again burner. Earlier than September, Fed officers had held the speed regular all 12 months in hopes of wrestling inflation all the way down to the two% goal.
Al Drago / Bloomberg through Getty Photographs
The fed funds fee influences borrowing prices on all types of loans and is the first device the Fed makes use of in pursuing its twin mandate from Congress of holding inflation low and employment excessive.
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–Diccon Hyatt
Etsy CEO Josh Silverman Plans to Step Down. The On-line Market’s Inventory Is Plunging
11 hr 22 min in the past
Etsy (ETSY) shares dropped almost 9% Wednesday afternoon as the net market introduced a shakeup in its management.
The corporate mentioned CEO Josh Silverman plans to step down on the finish of the 12 months, and shall be changed by President and Chief Development Officer Kruti Patel Goyal, who may even sit on the board. Silverman is anticipated to function government chair via the top of 2026.
Silverman, who has been Etsy’s CEO for eight years, mentioned “that is the proper time for me handy over the management baton to the subsequent era.”
Serene Lee / SOPA Photographs / LightRocket / Getty Photographs
Patel Goyal spent 10 years in varied management roles at Etsy earlier than changing into CEO of Etsy’s social e-commerce unit Depop in 2022. She returned to her present position at Etsy in April.
The announcement comes as the corporate posted better-than-anticipated outcomes for the third quarter. Etsy reported earnings per share of $0.63 on income that rose 2.4% year-over-year to $678 million. Each figures exceeded analysts’ forecasts, although Etsy’s gross merchandise gross sales declined 6.5% to $2.72 billion following the sale of music gear market Reverb.
Even with Wednesday’s decline, shares of Etsy are up about 30% year-to-date.
–Invoice McColl
Microsoft Suffers Azure, 365 Outages Earlier than Earnings Report
12 hr 44 min in the past
Hours earlier than it was set to report third-quarter outcomes, Microsoft (MSFT) mentioned some clients have been having bother accessing it Azure cloud and 365 providers.
At 12:26 p.m. ET, the tech large wrote on its Microsoft 365 Standing account on X that it was “investigating stories of points accessing Microsoft 365 providers and the Microsoft 365 admin middle.”
Microsoft skilled Azure and 365 service points hours earlier than its third-quarter earnings report.
Benjamin Fanjoy / Bloomberg through Getty Photographs
Minutes later, Microsoft wrote on its Azure standing web page that “beginning at roughly 16:00 UTC, we started experiencing DNS points leading to availability degradation of some providers. Prospects might expertise points accessing the Azure Portal. We now have taken motion that’s anticipated to handle the portal entry points right here shortly. We’re actively investigating the underlying challenge and extra mitigation actions.”
Microsoft shares have been down about 0.7% roughly three hours earlier than it delivers its earnings report.
Caterpillar Inventory Hit a File Wednesday—AI Had a Lot To Do With It
12 hr 54 min in the past
Caterpillar (CAT) shares skyrocketed to an all-time excessive when the large farm and development machines maker simply beat revenue and gross sales expectations, with sturdy demand for information middle power-generation gear greater than offsetting tariff headwinds.
The corporate reported third-quarter adjusted earnings per share of $4.95, about 10% above what analysts surveyed by Seen Alpha have been on the lookout for. Income elevated 9.5% to $17.64 billion, $1 billion above forecasts.
All three of Caterpillar’s segments posted beneficial properties, however the Vitality and Transportation unit was the large story, with gross sales leaping 17% to $8.4 billion. Throughout the power phase, energy era gross sales surged 31%, simply outpacing different purposes. Gross sales rose 7% to $6.76 billion in Caterpillar’s Building Industries phase, and elevated 2% to $3.11 billion in Useful resource Industries.
Caterpillar reported beneficial properties in its development industries sector in addition to in its different two items.
David Paul Morris / Bloomberg through Getty Photographs
In a name with analysts, CEO Joe Creed mentioned the sturdy outcomes this quarter have been “pushed by resilient demand and targeted execution throughout our three main segments,” based on a transcript offered by AlphaSense. Creed additionally mentioned tariff prices have been on the high finish of the corporate’s estimate of $500 million to $600 million, however even with that headwind, “adjusted working revenue margin was barely above our expectation, primarily resulting from higher than anticipated gross sales quantity.”
Shares of Caterpillar have been up 12% in noon buying and selling on Wednesday and are up greater than 60% in 2025.
–Invoice McColl
Meta Is Set to Report Earnings Later At this time. Its AI Plans Will Be in Focus
13 hr 1 min in the past
Meta is set to launch its third-quarter earnings report after the closing bell Wednesday, with traders more likely to be watching intently for extra indicators that its AI spending is paying off.
In comparison with a lot of its huge tech friends—a few of that are additionally set to report this week—Meta Platforms (META) has been comparatively profitable in convincing traders to again its AI objectives up to now, although their continued help may rely on the corporate’s potential to indicate sturdy income beneficial properties in tonight’s report.
Benjamin Fanjoy / Bloomberg / mGetty Photographs
The Fb, Instagram, and WhatsApp proprietor is seen reporting incomes of $6.70 per share on document income of $49.55 billion, boosted by beneficial properties in its advert companies, thanks partially to AI-driven enhancements in its choices for advertisers.
The result of tonight’s report may drive a giant transfer in Meta’s inventory, with choices pricing suggesting merchants anticipate it may swing 6% in both path by the top of this week following the outcomes.
Shares of Meta have climbed almost 30% in 2025 up to now, and Wall Avenue analysts consider that the social media large’s inventory has additional room to rise. The imply goal of analysts surveyed by Seen Alpha close to $873 would counsel roughly 16% upside from the place the inventory was buying and selling at noon Wednesday.
–Kara Greenberg
Insurer Centene’s Surprising Revenue Sends Its Inventory Hovering
13 hr 4 min in the past
Centene (CNC) shares soared over 10% in current buying and selling after the well being care providers and insurance coverage supplier posted a shock revenue and lifted its outlook.
The corporate reported adjusted earnings per share of $0.50 for the third quarter, whereas analysts had anticipated a loss. Its income rose 18.2% year-over-year to $49.69 billion, additionally topping estimates compiled by Seen Alpha.
A bounce in demand for Medicare prescription drug plans and better Medicaid premiums helped increase Centene’s outcomes.
Even with Wednesday’s beneficial properties, Centene shares have misplaced about 40% of their worth in 2025.
Valera Golovniov / SOPA Photographs / LightRocket through Getty Photographs
Wanting forward, Centene mentioned it now sees full-year adjusted EPS of at the least $2, in comparison with its earlier estimate of $1.75.
CEO Sarah London mentioned the outcomes and better outlook “display tangible progress towards the near-term milestones we laid out for traders in July.”
Shares of Centene had plunged in July after the corporate withdrew its full-year outlook, citing worries about its plans supplied on the Reasonably priced Care Act exchanges. The inventory has but to recuperate to its ranges earlier than that drop. Even with as we speak’s beneficial properties, shares of Centene have misplaced about 40% of their worth in 2025.
–Invoice McColl
This is How A lot Merchants Anticipate Google Mother or father Alphabet’s Inventory to Transfer After Earnings
13 hr 15 min in the past
Google mum or dad Alphabet is scheduled to report third-quarter outcomes after the bell on Wednesday, with merchants betting on a large transfer within the tech large’s inventory.
Choices pricing suggests merchants count on Alphabet (GOOGL) inventory may transfer about 6% in both path by the top of this week. A transfer of that dimension off Tuesday’s shut close to $268 would push shares to about $283 on the excessive finish, in what would symbolize a brand new all-time excessive for the inventory, or drag them all the way down to about $252, the place they have been final week.
Benjamin Fanjoy / Bloomberg / Getty Photographs
Alphabet shares posted modest beneficial properties within the vary of 1% to three% within the days after posting its ends in three of the 4 previous quarters. Nonetheless, they tumbled 7% the day after the corporate launched its fourth-quarter ends in February, when the tech large introduced huge spending plans for this 12 months.
Shares of Alphabet have added over 40% of their worth in 2025, making it one of many best-performing Magnificent 7 shares for the 12 months up to now, behind AI investor favourite Nvidia (NVDA).
Nonetheless, Wall Avenue analysts are overwhelmingly bullish, with 12 of the 15 analysts with present scores compiled by Seen Alpha calling it a “purchase” in comparison with three impartial scores, although the inventory has already blown previous their imply goal of $254 with its current beneficial properties.
The tech large is projected to report earnings per share of $2.26 for the third quarter on a 13% year-over-year bounce in income to $99.9 billion, based on consensus estimates.
–Kara Greenberg
Shoppers Anticipate Inflation to Get Worse, Whilst Fed Cuts Charges
13 hr 22 min in the past
Shoppers worry that the persistently excessive worth will increase plaguing their budgets might not get higher anytime quickly, based on a current report.
They’re rising extra apprehensive about inflation accelerating, based on a survey by The Convention Board launched Tuesday. In addition they advised the unbiased economics analysis group that they count on inflation to hit 5.9% a 12 months from now, up from the expectation of 5.8% in September.
Tom Williams / CQ-Roll Name, Inc through Getty Photographs
That is in distinction to Fed officers, who predict inflation will fall over the subsequent 12 months, and are assured sufficient in that forecast that they are anticipated to chop the central financial institution’s key rate of interest this week.
“Shoppers’ write-in responses have been led by references to costs and inflation, which continued to be the principle subject influencing shoppers’ views of the financial system,” Stephanie Guichard, senior economist of world indicators at The Convention Board, wrote in a commentary.
Learn the complete article right here.
–Diccon Hyatt
Cheesecake Manufacturing facility Inventory Drops on Weaker-Than-Anticipated Income
14 hr 17 min in the past
Shares of The Cheesecake Manufacturing facility (CAKE) fell roughly 5% Wednesday, a day after the restaurant chain reported smaller-than-expected income development.
After the bell yesterday, the Calabasas Hills, Calif.-based firm posted third-quarter income of $907.2 million, up almost 5% year-over-year however beneath the $911.9 million consensus estimate of analysts surveyed by Seen Alpha. Adjusted earnings of $0.68 per share topped expectations of $0.60.
The Cheesecake Manufacturing facility comparable restaurant gross sales ticked 0.3% larger, however analysts have been on the lookout for almost 1% development.
“Whereas the restaurant business is navigating a softer setting, we stay assured in our potential to handle via it whereas persevering with to execute our long-term technique,” CEO David Overton mentioned.
Shares of The Cheesecake Manufacturing facility are up 9% this 12 months, trailing the S&P 500’s 17% beneficial properties.
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Boeing Inventory Falls After Airplane Maker Information Practically $5B Cost on Delayed 777X Deliveries
15 hr 1 min in the past
Boeing (BA) was among the many worst-performing shares within the Dow Jones Industrial Common on Wednesday morning, with shares down about 2% after the aircraft maker reported third-quarter outcomes.
The corporate reported an adjusted lack of $7.47 per share, far worse than the lack of $2.56 per share anticipated by analysts polled by Seen Alpha. Income of $23.27 billion topped expectations.
Boeing recorded a $4.9 billion cost “related to up to date 777X certification timing,” it mentioned, and “now anticipates first supply in 2027.”
“Whereas we’re dissatisfied within the 777X schedule delay, the airplane continues to carry out nicely in flight testing, and we stay targeted on the work forward to finish our improvement applications and stabilize our operations with the intention to totally recuperate our firm’s efficiency and restore belief with all of our stakeholders,” CEO Kelly Ortberg mentioned.
Boeing shares have added roughly 1 / 4 of their worth this 12 months.
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Nvidia Simply Grew to become the First $5 Trillion Firm—Monitor These Essential Inventory Worth Ranges
15 hr 45 min in the past
Nvidia (NVDA) turned the primary firm to ever obtain a market capitalization of $5 trillion as its inventory surged in early buying and selling Wednesday.
Shares have been up 4.5% at $210 lately, after gaining 5% yesterday following a keynote handle from CEO Jensen Huang at Nvidia’s builders convention in Washington, D.C. the place he highlighted the companyt’s newest AI merchandise and introduced a number of offers.
The chipmaker unveiled a $1 billion funding in Nokia (NOK), in addition to a brand new strategic partnership with the Finnish tech agency in an effort to increase its AI infrastructure push. Nvidia additionally introduced that it’ll collaborate with Oracle (ORCL) to construct AI supercomputers for the U.S. Division of Vitality and collaborate with Palantir Applied sciences (PLTR) on the event of an built-in AI know-how stack.
Supply: TradingView.com.
Nvidia shares have gained greater than 50% for the reason that begin of the 12 months as traders have piled into the inventory amid sturdy demand for AI chips and optimism in regards to the firm’s ongoing development prospects. The corporate’s $5 trillion market cap is considerably larger than the subsequent corporations on the listing of the world’s most precious—Microsoft (MSFT) and Apple (AAPL) have market caps round $4 trillion.
Nvidia shares broke out from a rising wedge on Tuesday on the best buying and selling quantity since late Could, signaling shopping for conviction behind the transfer.
Though chart watchers typically affiliate this sample as bearish, it will probably additionally point out a bullish continuation somewhat than a reversal if it kinds throughout a powerful uptrend, as is the case on Nvidia’s chart.
Learn the complete technical evaluation piece right here.
–Timothy Smith
Caesars Leisure Attributes Weak Ends in Half to ‘Decrease Metropolis-Huge Visitation’ in Las Vegas
17 hr 12 min in the past
Caesars Leisure (CZR) reported weaker-than-expected third-quarter outcomes earlier than the bell Wednesday. It attributed them partially to fewer guests to its residence base of Las Vegas.
Shares of Caesars sank 8% in premarket buying and selling after the on line casino operator reported a wider loss and barely much less income than analysts had anticipated.
The corporate posted a lack of $0.27 per share and income of $2.87 billion, primarily flat from a 12 months in the past. Analysts surveyed by Seen Alpha had projected a lack of $0.07 per share and income of $2.89 billion.
Caesars posted Las Vegas income of $952 million, down from $1.06 billion a 12 months in the past and beneath expectations of $1.00 billion, whereas its adjusted EBITDA within the playing mecca of $379 million was down from $472 million and beneath the consensus forecast of $416 million. “Our Las Vegas phase Adjusted EBITDA declined through the quarter resulting from decrease city-wide visitation and poor desk video games maintain,” Caesars mentioned.
Caesars shares entered Wednesday having misplaced roughly a 3rd of their worth this 12 months.
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Fiserv Inventory Nosedives on Weak Outcomes; Agency to Change Itemizing, Ticker, Management Staff, Board
17 hr 46 min in the past
Fiserv (FI) introduced a number of items of reports along with third-quarter outcomes earlier than the bell Wednesday. None is benefitting its struggling inventory.
Shares of Fiserv sank almost 30% in premarket buying and selling after the fintech agency introduced weaker-than-expected outcomes and mentioned it could be altering its itemizing, ticker, management staff, and board.
The Milwaukee-based agency reported adjusted earnings of $2.04 per share on income that grew 1% year-over-year to $5.26 billion. Analysts surveyed by Seen Alpha had anticipated $2.63 and $5.69 billion, respectively.
Fiserv additionally lowered its 2025 natural income development to a spread of three.5% to 4% and adjusted EPS of $8.50 to $8.60. Final quarter, it projected natural income development of about 10% and adjusted EPS of $10.15 to $10.30.
“Together with as we speak’s steering reset, we’ve got launched One Fiserv, an motion plan targeted on the pillars which have lengthy distinguished the corporate, together with nice shopper service, value-added know-how options and main innovation,” CEO Mike Lyons mentioned. “Our present efficiency just isn’t the place we would like it to be nor the place our stakeholders count on it to be.”
The corporate additionally named Paul Todd its new CFO, efficient Friday. Todd beforehand served as CFO of International Funds, and can succeed Robert Hau, “who will function a senior advisor via the primary quarter of 2026 to help a clean transition.” Fiserv additionally additionally introduced that Gordon Nixon, Céline Dufétel, and Gary Shedlin will substitute three members of its board on Jan. 1, with Nixon changing into Unbiased Chairman.
Lastly, Fiserv introduced it intends to switch its itemizing to the Nasdaq from the New York Inventory Alternate on Nov. 11, and alter its ticker image to “FISV” from the present “FI.”
Fiserv shares entered Wednesday down about 38% this 12 months.
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Inventory Futures Rise Forward of Fed Resolution
18 hr 33 min in the past
Futures tied to the Dow Jones Industrial Common rose 0.1%.
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S&P 500 futures have been up 0.2%.
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Nasdaq 100 futures rose 0.4%.
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