Shares of Carvana ( CVNA ) jumped 20% on Thursday after the online used-car retailer posted strong third-quarter earnings, beating analysts’ expectations and setting an optimistic tone for the rest of the year. Carvana's Q3 revenue reached $3.66 billion, slightly surpassing the anticipated $3.65 billion, while the company achieved $0.64 per share, well above the $0.30 consensus. This marked Carvana’s third consecutive profitable quarter, a critical milestone for a company that has spent much of 2023 navigating a challenging used-vehicle market and restructuring its debt. Sustained Profitability and Revenue Growth Signal Stability In a striking reversal from previous losses, Carvana reported an impressive adjusted EBITDA of $429 million, nearly triple the $148 million from the same quarter last year. This substantial boost highlights the effectiveness of the company’s cost-cutting measures, with operating and sales costs reduced per retail unit. The company’s revenue growth of 32% y...

Peloton Interactive ( PTON ), the well-known home fitness brand, is making significant strides as it prepares for a leadership transition. The company has selected Peter Stern, currently a president at Ford Motor Company ( F ) and former co-founder of Apple Fitness+ ( AAPL ), to step in as its new CEO starting January 2025. Thursday's announcement saw Peloton's shares skyrocket over 20% as investors reacted to both the leadership news and promising first-quarter earnings. Stern, who has held a leadership role at Ford Integrated Services since 2023, brings a background in tech-driven fitness innovations and subscription-based growth models. Having co-created Apple Fitness+, he is expected to leverage his extensive experience in scaling platforms, integrating technology, and enhancing consumer engagement—a shift Peloton is hoping will revitalize its brand. Current interim CEO Karen Boone will continue through the end of the year, ensuring a seamless transition for Ster...

Meta ( META ) and Microsoft ( MSFT ) stocks took a significant hit Thursday, highlighting growing investor caution around rising capital expenditures in artificial intelligence (AI). Meta dropped over 4%, while Microsoft fell more than 5% in trading, even though both companies reported stronger-than-expected quarterly earnings and revenue. The downturn underscores an evolving investor focus from current profitability to the costs these companies are incurring in their AI divisions. Both Meta and Microsoft are investing heavily in AI infrastructure to stay competitive, as generative AI has become an essential area of focus for Big Tech. However, CFOs from both firms indicated that these expenses will not be tapering off anytime soon. Meta CFO Susan Li stated that capital expenditures would increase again in 2025 to fuel growth in AI-driven products and services. Microsoft CFO Amy Hood emphasized “growing demand” as a driver for their continued investments, despite the short-term impact ...

Shares of Reddit ( RDDT ) soared over 40% on Wednesday after the social media giant delivered third-quarter results that outpaced Wall Street’s expectations by a wide margin. Reddit reported a 68% surge in revenue to $348 million, a notable jump from analysts’ estimates of $313 million. In an unprecedented shift, the platform swung to profitability, recording earnings of $0.16 per share compared to a loss of $0.13 in the same quarter last year. Reddit’s share price, which has seen a staggering 146% gain since its March IPO, is now trading at more than three times its IPO price of $34. Driving this exceptional growth is Reddit’s increasing advertising revenue, up 56% year-over-year, fueled by a substantial uptick in daily active users and user engagement. Active user counts rose 51% in the U.S. and 44% internationally, and average revenue per user (ARPU) increased across the board. Additionally, Reddit’s growing data licensing business saw a meteoric 547% increase, driven by agreements ...

Alphabet Inc. ( GOOG ) posted stronger-than-expected third-quarter earnings, showcasing the impact of its artificial intelligence (AI) investments on revenue growth. Google Cloud, a major driver of this performance, achieved a 35% year-over-year increase in revenue, fueled by rising demand for generative AI (GenAI). Analysts at JPMorgan ( JPM ) and Citigroup ( C ) praised Google Cloud's acceleration, with both raising their price targets to $212 per share. Citi emphasized that GenAI-driven demand underpinned this surge, while JPMorgan highlighted Google’s efforts to align AI with its core services, citing significant potential for future revenue gains. Alphabet's strategic AI rollouts, including tools like Gemini Code Assist for development and the BigQuery analytics platform, have enhanced cloud offerings and positioned Google Cloud to compete aggressively with Microsoft’s ( MSFT ) Azure. The introduction of these AI-powered features indicates Alphabet’s b...

PayPal Holdings ( PYPL ) shares dropped by 6.7% to $77.97 on Tuesday following its latest quarterly report, where strong earnings were overshadowed by weak fourth-quarter guidance. The digital payment giant reported adjusted earnings of $1.20 per share in the third quarter, beating Wall Street's estimate of $1.07. However, revenue came in at $7.85 billion—just shy of the $7.88 billion analysts expected. Total payment volume (TPV) grew 9% to reach $422.6 billion, while transaction margin dollars saw an 8% increase to $3.7 billion. CEO Alex Chriss expressed optimism about PayPal's strategic transformation, noting the progress in innovation, partnerships, and marketing to drive engagement. Yet, the revenue miss and cautious outlook took precedence, as investors appeared more focused on the forecasted Q4 performance. Q4 Guidance Raises Concerns Amid Transformation Strategy For the upcoming quarter, PayPal anticipates low single-digit revenue growth, a figure that fell short of anal...

Corning Inc. ( GLW ) shares saw significant gains this week, trading up over 6.5% following its third-quarter earnings announcement. The glass and optical components leader reported a 36% revenue increase in its Optical Communications segment, a critical contributor to its Q3 results, driven by accelerating demand for connectivity products tied to generative AI applications. Despite missing Wall Street’s overall revenue expectations with a 2% decline to $3.39 billion, Corning surpassed EPS forecasts, posting $0.54 per share against a projected $0.52. The company’s Q4 guidance also beat estimates, with revenue projected at $3.75 billion and earnings between $0.53 and $0.57 per share, indicating anticipated annual growth of 13.6% and 44% in revenue and earnings, respectively. Optical Communications Sees Robust Growth Corning’s Optical Communications segment delivered impressive results, rising to $1.25 billion in revenue, marking 36% year-over-year growth. Demand from enterprise customer...

Robinhood Markets ( HOOD ) is shaking up the financial landscape by allowing users to bet on the outcome of the upcoming U.S. presidential election. Starting this week, eligible Robinhood users can trade contracts on whether former President Donald Trump or Vice President Kamala Harris will win the November election. The brokerage’s new feature is the latest move in the nascent event-contract market, following recent court rulings that made this form of speculation more accessible to U.S. investors. Robinhood’s election contracts fall under a category known as event-based contracts, which allow investors to make returns based on real-world events. Each contract is priced according to market sentiment about a candidate’s odds, fluctuating in real time as new polls or events sway public opinion. Users will see payouts of $1 per contract if they bet on the correct outcome, with prices ranging between $0.02 and $0.99 per contract, depending on current sentiment. Event Contracts: A Growing ...

Chipotle Mexican Grill ( CMG ) has long focused on growth, but its approach to building a robust workplace culture has provided a crucial advantage in the restaurant industry. The company’s commitment to employee development is a core driver of its success, as exemplified by the Armendariz sisters: Lily, Rosario, and Elsa, who together have accumulated 57 years with Chipotle and now earn nearly $1 million annually. Their progression from crew members to high-level leaders underscores Chipotle's commitment to creating upward mobility and a meaningful career path for employees. This emphasis on career growth has been critical for Chipotle’s stability, especially as labor turnover continues to plague the hospitality sector. BTIG analyst Peter Saleh noted that restaurants with lower turnover tend to outperform those with high turnover, a trend Chipotle leverages through clear career paths and benefits such as stock options, tuition reimbursement, and bonuses. The company’s revenue has ...

Deckers Outdoor ( DECK ), the parent company of Hoka and Ugg, impressed investors with a stellar fiscal second-quarter performance, driven primarily by surging demand for Hoka athletic shoes. Reporting a 20% increase in revenue year-over-year to $1.31 billion, Deckers significantly exceeded market expectations. The strong earnings, alongside a raised revenue forecast for the year, sent Deckers shares up 13% to $172.57 in early Friday trading. Hoka, the brand that’s taken the running category by storm, reported nearly 35% growth to a record-breaking $579.9 million in quarterly sales. Similarly, Ugg, a longstanding staple in Deckers’ portfolio, posted a healthy 13% rise in sales, contributing to the company’s sustained growth momentum. Dana Telsey of Telsey Advisory Group highlighted Deckers' success, emphasizing that the company’s well-diversified brand portfolio and innovative product offerings have allowed it to thrive even amid a challenging retail landscape. Expanding Margins an...

IBM’s ( IBM ) third-quarter earnings report brought mixed news for investors. While the company exceeded expectations on earnings per share (EPS), reporting $2.30 per share compared to analysts' forecast of $2.22, revenue came in slightly lower than anticipated. IBM posted $14.97 billion in revenue for Q3, falling just short of the expected $15.08 billion. The star of the report was IBM’s software segment, which saw a 9.7% year-over-year revenue growth, driven primarily by Red Hat. The cloud software firm, acquired by IBM in 2019, delivered a 14% boost in revenue this quarter, underscoring its value to the company’s overall portfolio. However, IBM’s Consulting division showed weaker performance, with a slight 0.5% decline in revenue compared to the previous year. This decrease is attributed to a pause in IT spending by clients, reflecting global economic uncertainty. Despite the setback, IBM remains confident about future growth in consulting, especially in projects related to arti...

Tesla Inc. ( TSLA ) made headlines with its third-quarter earnings report, delivering a surprise beat that reassured investors after a challenging few quarters. The electric vehicle (EV) giant reported adjusted earnings per share of $0.72, surpassing Wall Street's expectations of $0.60. This marks the first time since Q2 2023 that Tesla has outperformed earnings estimates. While automotive revenue grew a modest 2% year-over-year, the earnings beat was largely driven by the company's diverse revenue streams. Tesla made significant profits from software, regulatory credits, and its expanding energy storage business, which surged by 59% year-over-year. The company's focus on innovation—particularly its forthcoming Cybertruck and robotaxi projects—shows that Tesla is moving beyond just being a car company, further solidifying its position as a technology leader. 👉  Check Out Video --> TSLA Price Analysis Musk's Bold Predictions for 2025 During the earnings call, CEO Elo...