Major Indexes Post Monthly Losses

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite each finished October with monthly losse💫s.

For the Dow and S&P 500, it marked the end of five-month winning streaks, while the Nasd🧜aq had its fi🦂rst down month since July.

Biggest S&P 500 Movers on Thursday

Decliners

• The steepest drop in the S&P 500 hit shares of Huntington Ingalls Industries (HII), the largest military shipbuilding company in the U.S., which sank 26.2%. Third-quarter revenue and earnings per share (EPS) fell short of analysts' estimates, and Huntington Ingalls reduced its full-year sales forecast. The company said uncertainty about agreements with the U.S. Navy, as well as labor and supply chain issues, contributed to a weaker outlook for its shipbuilding business.
• Estée Lauder (EL) shares plunged 20.9% after the luxury beauty products firm 澳洲幸运5官方开奖结果体彩网:withdrew its outlook for the full year and cut its dividend. The cosmetics maker also reported year-over-year declines in quarterly revenue and organic sales, citing weakness in China and Asia travel markets. Estée Lauder also announced a shakeup in its executive leadership, with Stéphane de La Faverie set to take over as chief executive officer (CEO) at the beginning of next year.
• Shares of automotive technology supplier Aptiv (APTV) dropped 17.7% following the company's third-quarter earnings release. Production challenges across the car industry, reduced customer scheduling, and bumps along the road to an electric vehicle (EV) future weighed on Aptiv's performance. Still, the company said it has adopted cost-cutting measures to adapt to the difficult environment.

Advancers

• Paycom Software (PAYC) shares skyrocketed on Thursday, posting the top daily performance in the S&P 500 with a gain of 21.3%. The payroll and human resources (HR) software firm reported better-than-expected sales and profits for the third quarter, with strength in the labor market helping boost demand for its employee management solutions.
• Entergy (ETR) shares surged 15.2% after the Louisiana-based electric utility beat profit estimates for the third quarter and lifted its full-year outlook. Cost reductions helped drive the earnings beat, even as revenue slipped year-over-year, missing forecasts. Entergy also announced plans for several clean energy projects.
• Pulp and paper products manufacturer International Paper (IP) topped profit estimates with its third-quarter results, and its shares climbed 13.3%. International Paper also said it is in the early stages of reviewing strategic options for its global cellulose fibers business and announced that it will close its mill in Georgetown, South Carolina.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Apple Profit Comes in Shy of Estimates

Apple (AAPL꧒) reported fiscal fourth-quarter results that beat analysts' revenue expectations but missed on profit.

The iPhone 🙈maker delivered record September-period revenue of $94.93 billion, up 6% year-over-year and above the $94.58 billion consensus estimate of analysts polled by Visible A🔜lpha.

Net income was $14.74 billion, or 97 c🎃ents per share, below expectations of $22.49 billion, or $1.48 per share. After stripping out a one-time income tax charge of $10.2 billion to refl🍌ect the impact of the reversal of the European General Court’s State Aid decision, adjusted EPS came in at $1.46.

Apple produced $46.22 billion in iPhone revenue, above expectations of $45.32 billion. However, the iPhone 16’s 澳洲幸运5官方开奖结果体彩网:September 20 release date came with less than two weeks to go in the quarter, meaning the b🐟ulk of that came from iPhone 15 and older models. 

The results come as the company is rolling out Apple Intelligence features, including a 澳洲幸运5官方开奖结果体彩网:free iOS update for the 🌜iPhone 16 and other devices r🤡eleased Monday.

Shares of Apple wཧere down 2% in 𝐆recent after-hours trading.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Amazon Jumps After Hours on Earnings Beat, Cloud Growth

Amazon (AMZN) stock jumped in extended trading Thursday after the company reported better-tಞhan-expected third-quarter results driven by growth in its cloud and aᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚdvertising businesses.

The company reported net sales of $158.9 billion, up 11% from the year-ago period and above the $157.3 billion Wall Street expected, according to analyst estimates compiled by Visible Alpha. 澳洲幸运5官方开奖结果体彩网:Earnings per share 💞;(EPS) grew more than 50% to $1.43, beating analysts’ forecastsꦛ.

Amazoဣn stock rose nearly 5% in extended trading on Thursday, after declining more than 3% in the regular session. Still, shares were up 22% for the year before the stock’s post💫-earnings jump, slightly outpacing the Nasdaq Composite over the same period.

Revenue at Amazon Web Services, the company’s cloud computing unit, rose 19% to $27.4 billion, roughly in line with expectations. The division’s revenue growth has accelerated into the high teens this year after holding in 𝐆the low teens in 2023.

Amazon forecast fourth-quarter net sales would be within a range of $183.5 billion to $188.5 billion, the midpoint of which sat slightly below the $186.4 billion figure analysts were expecting, per Visible Alpha.

Advertising sales increased 19% to $14.3 billion, about in line with analysts' expectations for one of Amazon’s greenest and fastest-growing revenue streams. 

澳洲幸运5官方开奖结果体彩网:Capital expenditures (CapEx) increased 5% from last year to $22.2 billion. Amazon, locked in an AI arms race with cloud-computing peers Microsoft (MSFT) and Alphabet (GOOG; GOOGL), has significantly boosted its spending on data center infrastructure this year.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Intel Jumps in Extended Trading as Sales Top Estimates

Intel (INTC) reported third-quarter revenue 🐽that topped analysts' expectations, sending shares higher after the bell Thursday despite 🍌widening losses.

The chipmaker's third-quarter revenue fell 6% year-over-year to $13.3 billion, above the $13.03 billion consensus estimate of analysts compiled by Visible Alpha. Intel posted a wider-than-expected loss of $16.6 billion, after reporting a $1.61 billion loss in the second quarter as the chipmaker works to cut costs. A year ago, the chipmaker had reported a profit of around $300 million.

 Intel said it anticipates fourth-quarter revenue of $13.3 billion to $14.3 billion, compared to a consensus estimate of $13.66 billion. It projects a loss of 24 cents per share, steeper than the loss of 12 cents per share analyst𝐆s had been expecting. 

Intel's results come as the storied chipmaker tries to turn around the business after 澳洲幸运5官方开奖结果体彩网:losing market share to competitors and missing key opportunities to benefit from the boom in demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI). Shares took a hit in recent months as worries mounted about its ability to 澳洲幸运5官方开奖结果体彩网:engineer a comeback after reporting wider-th♉an-expected losses in the prior quarter and announcing massive layoffs.

Intel shares were up 9% in recent after-hours trading. The stock was down more than 57% for the year through Thursday's close, making it one of the worst-performing S&P 500 stocks of the year.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

What Analysts Think of Apple Heading Into Earnings

Apple (AAPL) will report 澳洲幸运5官方开奖结果体彩网:fiscal fourth-quarter earnings after the market closes on Thursday, with a majority of analysts bullish on the stock going into the company’s f🍷irst report since the iPhone 16’s release last month.

Of the 15 analysts covering the stock tracked by Visible Alpha, nine have “buy” or equivale🌌nt ratings, four have “hold” ratings, and two have “sell.” Their consensus price estimate is $240.87.

Apple shares were down 1.𒀰4% at $226.90 in late trading Thursday.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Estée Lauder Stock Dives on China Softness, Dividend Cut

Estée Lauder (EL) shares tanked 20% Thursday after the luxury beauty products maker warned about softness in China and the Asia travel market, p🌄ulled its full-year guidance, and cut its dividend.

The news came a day after the company named Executive Group President Stéphane de La Faverie its new 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO), effective Jan. 1.

Estée Lauder reported fiscal 2025 first-quarter revenue fell 4% year-over-year to $3.36 billion, while analysts surveyed by Visible Alpha expected $3.37 billion. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.14 exceeded forecasts.

澳洲幸运5官方开奖结果体彩网:Organic sales declined 5%, which the company blamed primarily on "worsened consumer sentiment in China that drove further softening in overall prestige beauty in mainland China and low conversion rates in Asia travel retail and Hong Kong SAR." Organic sales were also dragged down𓄧 by "lower replenishment orders in Asia travel retail, including inventory pressure given the further retail market deceleration."

Estée Lauder explained that because of the "complex prestige beauty landscape" and uncertainty about the recovery of the China and Asia travel markets, it was reducing its quarterly dividend to $0.35 from $0.66.3

In addition, it cited those factors, plus the change in leadership, for the decision to withdraw its fiscal 2025 outlook. It previously had anticipated adjusted EPS of $2.75 to $2.95, and revenue "between a decrease of 1% to an increase of 2% versus the prior year."

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Robinhood Stock Sinks as Promotions Hurt Earnings

Robinhood Markets (HOOD) shares sank 15% Thursday, a day after the online brokerage posted worse-than-expected results as a promotion to get more💯 customers affected ﷺperformance.

The company posted third-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.17, with revenue jumping 36% year-over-year🐼 to $637 million. Both were short of consensus forecasts by analysts polled by Visible Alpha.

Robinhood said that revenue was reduced by $27 million "due to matches paid to customers on transfers and deposits." CFO Jason Warnick said in the earnings call that these "contra revenues" are anticipated to grow sequentially by a similar amount in the current quarter, before slowing next year, according to a transcript provided by AlphaSense.

Warnick noted that the company's gold deposit boost "has not driven as much incremental customer activity as our other promotions." Still, Robinhood noted that an increase in gold subscriptions was the primary reason its "other revenues" gained 42%. Transaction-based revenues were up 72% on higher options, cryptocurrency, and equities trades. Net interest revenues climbed 9%.

Shares of Robinhood Markets fell from a nearly three-year high, but even so, they're up almost 90% year-to-date. They got a boost earlier this week when the company announced it was offering clients the ability to trade✅ on the outcome of the U.S. presidential election.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Microsoft Stock Slumps on Disappointing Forecast

Shares of Microsoft (MSFT) slid on Thursday after the company’s revenue forecast fell short of Wall Street’s estimates and the cloud computing giant struggles to𝓡 meet demand. 

Shares were down nearly 6% Thursday morning, weighing on the shares of some of its Big Tech peers. The slump slashed the stock's year-to-date gain—once as high as 24%—to just 8%.

Microsoft on Wednesday forecast revenue at its Intelligent Cloud division would grow 18% to 20% in the current quarter, below analysts’ estimates. Growth of Azure, its cloud-computing platform, is expected to come in around 31% or 32%, a deceleration from the most recent quarter and slightly slower than Wall Street expected. The disappointing forecast overshadowed the company’s fiscal first-quarter results, which broadly 澳洲幸运5官方开奖结果体彩网:exceeded expectations. 

Microsoft has struggled to meet surging AI demand, a difficulty executives 澳洲幸运5官方开奖结果体彩网:expect to persist in the current quarter. CFO Amy Hood on the company's earnings callꦿ expressed confidence that growth would pick up in the first half of next year as more cloud computing capacity came online.

Analysts on Thursday were sanguine about the outlook. They pointed to comments from executives indicating demand for AI services remains strong, �💙�and that the company’s increased spending on AI infrastructure should help it to meet that demand in the future. 

Read the 澳洲幸运5官方开奖结果体彩网:full article here.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Peloton Soars After Strong Results, Naming of CEO

Shares of fitness company Peloton Interactive (PTON) soared 25% in early trading Thursday after its fiscal first-quarter results topped analysts' estimates and it appointed Ford executive Pe💟t🔯er Stern as its new CEO.

Peloton reported a net loss of just $1 million, an improvement of $158 million year-over-year and much narrower than the $51.7 million loss expected by analysts polle🌞d by Visible Alpha. Revenue of $586.0 million also surpassed projections.

Stern, who currently serves as president of Ford Integrated Services and previously was an executive at Apple (AAPL), will begin his new roles on Jan. 1. In May, Peloton announced Barry McCarthy was stepping down as CEO and that the board had "initiated ꦐa comprehensive search process" to find its next leader.

With today's surge, Peloton has gained 35% in 2024, far outpacing the S&P 500's gains.

-澳洲幸运5官方开奖结果体彩网:Rob McLean

Uber Stock Plunges as Q3 Bookings Numbers Disappoint

澳洲幸运5官方开奖结果体彩网:Uber Technologies (UBER) shares fell sharply early Thursday after the ride-hailing giant posted weaker-than-expected gross book𒆙i♉ngs in the third quarter.

The company said gross bookings rose 16% year-over-year to $41 billion in the third quarter, below estimates from Visible Alpha of $41.3 bil༺lion. Trips grew 17% to 2.9 billion, in line with estimates. 

Uber's top- and bottom-line results handily 澳洲幸运5官方开奖结果体彩网:beat analysts' estimates, however. The company reported revenue for the period of $11.19 billion versus the $10.98 billion estimate. 澳洲幸运5官方开奖结果体彩网:Net income of $2.6 billion also beat estimate💎s by a wide margin, although that included a $1.7 billion pre-tax benefit from gains in Uber's revaluation of its equity investments.

Uber CEO Dara Khosrowshahi noted that the company is continuing "to advance our autonomous strategy." Uber has announced a 澳洲幸运5官方开奖结果体彩网:number of partnerships w﷽ith autonomous vehicle companies like Waymo over the ꦆlast several months.

Uber shares were down 9% in recent trading. The stock, which hit a record high three weeks ago, has gained 17% since the start of the year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Carvana Levels to Watch as Stock Surges After Earnings

Carvana (CVNA) shares soared in prem𓆏arket trading after the online car dealer blew past Wall Street’s third-qua🌼rter earnings estimates and raised its full-year outlook.

The stock has recently reclaimed the 200-week moving average and sits poised to break out above the upper trendline of a rising wedge pattern. The stock was up 19% at around $246 about 45 minutes before Thursday's opening bell.

Investors should monitor key overhead price levels on Carvana's chart around $240, $300, and $365.

During retracements, investors should closely monitor the $165 level, a location where the shares would likely attract buying interest near the September 2020 pullback low and January 2022 countertrend 🍰high.✨

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Stock Futures Point to Lower Open for Major Indexes

Futures tied to the Dow Jones Industrial Average were down🌠 0.5%.

S&P 500 futures were down 0.7%.

Nasdaq 100 futures were off 0.8%.