📊 SpaceX pulled investors back into tech. The Nasdaq jumped 1.05% to 26,702.86, the S&P 500 rose 0.58% for a third straight gain, the Dow added 0.69% and Canada’s S&P/TSX Composite climbed 0.60%. 🚀 SpaceX ($SPCX) surged 7% after reporting third quarter revenue growth of 161%, with its AI business up ninefold. Musk also said SpaceX and Tesla have formed special committees to discuss a merger. 🎬 Netflix ($NFLX) tumbled more than 5% after its full year revenue forecast came in below expectations. The streamer also cut its full year ad revenue guidance. ✈️ United Airlines ($UAL) rose 3.99% to $101.67 on record quarterly revenue of $17.9 billion, up 17%. Fuel expenses jumped 62% though, and fourth quarter guidance of 50 cents to $1.50 per share landed well under the $1.76 expected. United sees fuel at $4.80 a gallon next quarter, up from $3.90. 🍁 Mark Carney and Doug Ford announced $9 billion in support for Canadian sectors hit by the trade war. Carney said he spoke with Trump Wednesday morning about trade, Iran and Ukraine, the same day U.S. officials released a fact sheet accusing Canada of interfering in American elections. 📱 Meta ($META) gained 3% after hours on third quarter revenue of $64.60 billion against the $63.37 billion LSEG consensus, with fourth quarter guidance also ahead. Tesla ($TSLA) beat on both lines at 48 cents per share on $28.05 billion but still slipped 2% in extended trade. 👨🏻💻 Researched and written daily by @timemino
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5 Comments
Mike L
@noviceadvisor · 4h
Interesting that Canadian bailout due to Carney's stupidity is less than half of what he gave Zelenskyy. Carney being a champion of democracy should tell him to hold an election
Not Financial Advice @anpc86 · 2h
interesting addition with the headline of $9bn support for Cdn sectors... definitely going to attract some discussion, probably the usual talking points... one positive out of it, I read $1bn to support roads for the Ring-of-Fire in Ontario... begs the question why does it feel reactive and political in that they had to "do something" in response to the Steel+Cleveland Cliffs situation. Mind you Canada already pushed a "$7.5-billion tariff-relief support package" - hard to tell if that was effective or not. Other issues if we are not heads down elbows out... Canada has a recent history of Auditor General reporting lackluster reporting in data tracking of these projects and funding. Sometimes the money is not spend till years later than it was supposed to because of world-renowned bureaucracy and delayed permitting.
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