Bank of America analysts were even more bullish, and bumped their target up to a Street high of $255 from $215, calling Palantir a “best-in-class AI enabler.” To buy a house for $410,800, the median price of a home in the U.S. through the second quarter, would require a loan of around $330,000 with a 20% down payment. Per Investopedia’s mortgage calculator, one could pay roughly $1,900 a month at a Gold rate APR of 5.59%, excluding taxes and homeowners insurance. The current shutdown is poised to continue for days or even weeks, according to betting market Polymarket. The prediction market found that 63% of respondents expect the standoff to continue until Nov. 15, while only 14% expect it to be over by this Friday.
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The previous outlook was for operating profit to gain 4% to 20% and sales to advance 8% to 14%. It said the change “reflects lowered growth expectations for Novo Nordisk’s GLP-1 treatments within diabetes and obesity.” It’s the fourth time the company narrowed its guidance this year. U.S.-listed shares of Novo Nordisk (NVO) fell after the drugmaker scaled back its outlook, citing disappointing demand for its GLP-1 weight loss and diabetes drugs as competition in the sector increases. The company nowsees fourth-quarter sales of $140 million to $150 million, below its earlier estimates, and reported a full-year outlook of $1.15 billion to $1.16 billion.
Palantir Technologies (PLTR) shares dropped 8% after the company posted record quarterly results that blew past analysts’ estimates and raised its full-year revenue outlook for the third straight quarter. Shares advanced 5.5% in recent trading, a day after the Thousand Oaks, Calif.-based firm reported adjusted earnings of $5.64 per share on sales that rose 12% year-over-year to $9.56 billion. Analysts polled by Visible Alpha had expected $5.02 and $8.96 billion, respectively. The Miami-based company posted revenue of $2.94 billion, while analysts surveyed by Visible Alpha were expecting $3.02 billion.
Dow Jones Industrial Average .DJI:Dow Jones Global Indexes
Marriott’s Revenue Per Available Room (RevPAR) growth of 0.5% worldwide also topped expectations, although its U.S. and Canada RevPAR fell 0.4% when analysts were looking for a decline of just 0.02%. Shares of Marriott International (MAR) advanced 4% Tuesday morning after the hotel giant reported better-than-expected third-quarter results. Whether those declines will turn into a full-on downturn typical for this stage in the coin market cycle, or coax investors back into the mix with lower prices, remains to be seen.
- The company now sees full-year operating profit growth of 4% to 7%, and sales of 8% to 11%.
- Denny’s said the deal is expected to close in the first quarter of 2026, and then its shares would no longer be listed on the Nasdaq.
- Trex reported third-quarter adjusted earnings per share of $0.51, missing Visible Alpha forecasts by $0.06.
- Norwegian’s net yield of $341.89 also came up short of estimates, although adjusted earnings of $1.20 per share topped expectations of $1.16.
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That’s basically the same as 2024, compared to its previous expectation of an increase of 5% to 7%. In post-earnings moves, Pinterest (PINS) stock dropped almost 22%, Axon Enterprises (AXON) tanked 9%, Arista Networks (ANET) declined about 8.5%, Super Micro Computer (SMCI) sank 11%, Humana (HUM) fell 6%, and U.S.-listed shares of Novo Nordisk (NVO) rose less than 1%. Solana (SOL) trades above $160 at press time on Wednesday, holding steady after 4% rise on the previous day, underpinned by the broader market recovery. Corroborating with steady institutional demand, the retail demand is resurfacing, suggesting further gains for Solana.
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It’s the 34th day of the government shutdown that began on Oct. 1, tying it with the longest-ever government shutdown that took place in 2018. That shutdown also lasted 34 days, but wasn’t a full government work stoppage like this one, since some government agencies were funded through congressional appropriations before that shutdown began. Shares of Pinterest (PINS) plunged after the visual social media and search company missed profit expectations and gave weak holiday quarter guidance.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Filecoin, Dash, and Tezos are spearheading the broader cryptocurrency market recovery with double-digit gains over the last 24 hours. Filecoin leads the rally with 50% gains, while Dash rebounds from the $100 mark and Tezos marks a falling wedge pattern breakout. Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years’ experience as an independent trader focusing on technical analysis. Shares of Denny’s had lost roughly a third of their value this year entering Tuesday. Shares of Norwegian dropped nearly 8%, while those of rivals Royal Caribbean Cruises (RCL) and Carnival Corp. (CCL) fell 5% and 7%, respectively.
“None of us are market timers,” he said of his Goldman Sachs colleagues on Tuesday. The firm’s advice, he said, is to “look at your portfolio allocation and stay invested. And that advice has served people well.” Jefferies analysts said Palantir’s “numbers are great” but called its valuation “extreme” relative to its fundamentals in a note to clients Tuesday. First-time buyers surveyed by the NAR said high rent and student loan payments were hindering their ability to save up down payments. Little wonder that first-time homebuyers only made up 21% of home sales, a record low according to the NAR, and down from around 40% typical before the 2008 housing crash. The report highlighted how owning a home has shifted from a standard milestone to a nearly unaffordable luxury within a single generation, particularly in the wake of the pandemic.
Crypto’s fear and greed index, which is aimed at measuring sentiment in the market, turned to fear yesterday from a neutral position last week, according to CoinMarketCap. Most Wall Street analysts lean bullish on AMD’s prospects, with a majority of those surveyed by Visible Alpha calling it a “buy,” thought the stock has already surpassed their consensus target with its recent gains. AMD’s stock has more than doubled in value this year, with much of its rise fueled by optimism spurred by the OpenAI deal last month. Advanced Micro Devices is set to report its latest quarterly results after the closing bell today, with traders expecting a big move in the chipmaker’s stock. Shares of Hertz Global Holdings (HTZ) soared 40% Tuesday after the rental car company posted its first profit in two years. The shutdown has halted the flow of key economic data from the government that’s used by economists, policymakers and businesses to make critical decisions.
Trex reported third-quarter adjusted earnings per share of $0.51, missing Visible Alpha forecasts by $0.06. Shares of Advanced Micro Devices (AMD) initially appeared headed for a similar fate, falling sharply in premarket trading even though the firm late Tuesday reported record quarterly results above analysts’ projections as booming demand for AI helped boost sales of its data center chips. AMD is seen reporting adjusted earnings per share of $1.16 on a 28% year-over-year jump in revenue to a record $8.76 billion for the third quarter, driven by booming demand for its chips for data centers, its largest revenue segment. Shares of Palantir Technologies (PLTR) were down 9% around $189 in recent trading, making it one of the leading decliners on the S&P 500 and Nasdaq, a day after the company posted record revenues that blew well past analysts’ expectations and boosted its full-year outlook for the third straight quarter. The private data is especially important because the most recent official reports showed inflation rising and the job market weakening. That raises the risk that the U.S. will slip into “stagflation” as trade wars and the ongoing government shutdown send shockwaves through the economy.At the same press conference, Powell mentioned several indicators that Fed officials are closely monitoring during the federal data blackout.
- The growth was a rebound after a loss of 29,000 jobs in September, but was slow by historic standards, far below the 221,000 jobs added in October 2024, for instance.
- A vote on Elon Musk’s proposed trillion-dollar pay package is the main event, amid worries he will quit as the EV maker’s CEO if the plan is rejected.
- That is almost twice as fast as overall inflation, which rose 3% annually in September, according to the Bureau of Labor Statistics.
- Options pricing suggests traders expect AMD (AMD) shares could move up to 7% in either direction by the end of this week.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. Even with today’s 7% decline, shares of Uber have added more than a quarter of their value this year.
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Norwegian’s net yield of $341.89 also came up short of estimates, although adjusted earnings of $1.20 per share topped expectations of $1.16. The company posted third-quarter adjusted earnings per share of $0.38, three cents below what analysts surveyed by Visible Alpha were looking for. Employers have pulled back on hiring in recent months due to uncertainty about trade policy amid President Donald Trump’s unpredictable campaign of raising tariffs on trading partners. The Fed is tasked with a dual mandate from Congress to prevent high unemployment and keep inflation low, and Fed officials have become increasingly worried about the health of the labor market.
Mutual funds enable investors to buy a share of a diversified portfolio of DJIA stocks thus providing exposure to the overall index. With the US government on ice, official datasets have gone currency exchange rates dark, pushing investors into over-reliance on private data sources that tend to have a tenuous, volatile relationship with smoothed, large-scale official collections from government sources. Options pricing suggests traders expect AMD (AMD) shares could move up to 7% in either direction by the end of this week. A move of that size from the stock’s recent level around $256 could push shares as high as $274, topping October’s record highs in the wake of a massive deal announced with ChatGPT maker OpenAI. At the low end, it would leave shares around $238, where they were late last month.