Daily Market Wrap
S&P 500, Nasdaq Close Lower as AI and Tech Stocks Extend Their Selloff
S&P 500, Nasdaq slid on Monday as AI-driven selloff continued. Marvell has agreed to acquire Lumentum (LITE) in a massive deal.
Stocks End October with Heavy Losses as Tech Stocks Tumble
Stocks suffered a sharp sell-off on Friday led by tech stocks. Cintas (CTAS) cleans up in the uniform & floor mat rental business.
Wall Street Ends in the Red as Tech Stocks Drag Down the Market
Tech stocks led the market lower amid growing AI concerns. E-commerce sales fueled Walmart’s (WMT) 19% profit growth.
Stocks Rise as Fed Keeps Benchmark Interest Rate Unchanged
Stocks rose on Wednesday as Fed holds rates steady. Datadog (DDOG) saw revenue growth accelerate as companies monitor AI.
Tech and Chip Stocks Lift Market as Investors Await Earnings and Fed Decision
Stocks rose on tech gains on Tuesday as investors await Fed policy move. Costco (COST) stock has been stuck in neutral for years.
Beat the Street
AAPL 2026 Q4
Apple (AAPL) reports earnings:
Profit: $2.10 vs. $1.85 = +14%
Profit Est: $1.98 vs. $1.85 = +7%
Beat the street by $0.12
Revenue: +12%
Revenue Est: +10%
PLTR 2026 Q4
Palantir (PLTR) reports earnings:
Profit: $0.44 vs. $0.21 = +110%
Profit Est: $0.42 vs. $0.21 = +100%
Beat the street by $0.02
Revenue: +96%
Revenue Est: +84%
LITE 2026 Q4
Lumentum (LITE) reports earnings:
Profit: $4.57 vs. $1.10 = +315%
Profit Est: $4.19 vs. $1.10 = +281%
Beat the street by $0.38
Revenue: +137%
Revenue Est: 134%
AMZN 2026 Q4
Amazon (AMZN) reports earnings:
Profit: $1.89 vs. $1.95 = -3%
Profit Est: $1.96 vs. $1.95 = +1%
Missed the street by $0.07
Revenue: +12%
Revenue Est: +12%
MA 2026 Q4
Mastercard (MA) reports earnings:
Profit: $5.31 vs. $4.38 = +21%
Profit Est: $5.15 vs. $4.38 = +18%
Beat the street by $0.16
Revenue: +14%
Revenue Est: +12%
LLY 2026 Q4
Eli Lilly (LLY) reports earnings:
Profit: $7.48 vs. $7.02 = +7%
Profit Est: $9.78 vs. $7.02 = +39%
Missed the street by $2.30
Revenue: +39%
Revenue Est: +26%
STRL 2026 Q4
Sterling Infrastructure (STRL) reports earnings:
Profit: $7.58 vs. $2.97 = +155%
Profit Est: $5.60 vs. $2.97 = +89%
Beat the street by $1.98
Revenue: +127%
Revenue Est: +71%
NOW 2026 Q4
ServiceNow (NOW) reports earnings:
Profit: $1.00 vs. $0.96 = +4%
Profit Est: $1.03 vs. $0.96 = +7%
Missed the street by $0.03
Revenue: +21%
Revenue Est: +18%
Stock of the Week
Lumentum (LITE) Is Seeing Profit Estimates Surge as AI Optical Demand Expands
Lumentum (LITE) is a key player in the buildout of datacenters as its light-based products help data travel longer distances.
TJX (TJX) Stock Free Falls, But Now the Stock is at its Biggest Discount in Years
TJX (TJX) stock has tanked following earnings as sales growth was slow at TJ Maxx and Marshalls. Is now the time to buy TJX? Yes.
Cadence Design Systems (CDNS) Helps NVIDIA and Tesla Design Electronics
Cadence Design Systems (CDNS) software helps companies design electronics, including semiconductors. Now the stock is on a dip.
Stock of the Week
Each week we highlight a stock that stands out from the crowd and give FREE access to the Research Report:
Lumentum (LITE) Is Seeing Profit Estimates Surge as AI Optical Demand Expands
Lumentum (LITE) is a key player in the buildout of datacenters as its light-based products help data travel longer distances.
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