Barronsยท2025-11-05 21:34Core Viewpoint - Stocks experienced notable movements influenced by the Supreme Court's skepticism regarding President Trump's tariffs and a stronger-than-expected U.S. jobs market reading [2][3]. Company Summaries - Advanced Micro Devices (AMD): Reported better-than-expected third-quarter earnings and revenue, with data-center revenue increasing by 22% to $4.3 billion. The company anticipates fourth-quarter revenue of approximately $9.6 billion, exceeding analysts' expectations of $9.2 billion [3][5]. - Arista Networks: Experienced an 8.6% decline despite reporting third-quarter adjusted earnings that surpassed expectations. Revenue rose by 27% to $2.31 billion, but the fourth-quarter sales guidance of $2.3 billion to $2.4 billion fell short of projections [4][5]. - Super Micro Computer (SMCI): Saw an 11% drop after reporting weaker-than-expected fiscal first-quarter earnings and revenue, along with mixed guidance for the current quarter [6][5]. - Pinterest: Plummeted by 22% following weak third-quarter earnings and disappointing fourth-quarter revenue guidance, although adjusted EBITDA outlook met Wall Street expectations [6]. - Axon Enterprise: Dropped 9.4% after reporting a third-quarter loss, with adjusted earnings of $1.17 per share missing analysts' expectations of $1.52. The company announced an acquisition of Carbyne valued at $625 million [7]. - Novo Nordisk (NVO): Lowered its growth outlook due to competitive pressures from copycat versions of its weight-loss drugs, now expecting operating profit growth of 4% to 7% and sales growth of 8% to 11% [8]. - Humana (HUM): Reported third-quarter adjusted earnings of $3.24 per share, exceeding analysts' estimates of $2.93. However, the stock declined by 6% after the company lowered its full-year guidance [9]. - Rivian Automotive: Gained 23% despite a wider-than-expected third-quarter loss, reporting a gross profit of $24 million against analysts' expectations of a $64 million loss [10]. - McDonald's: Rose by 2.2% after third-quarter adjusted earnings slightly missed estimates, with same-store sales increasing by 2.4% in the U.S. and 3.6% globally [10]. - Zimmer Biomet: Was the worst performer in the S&P 500, with a 15% decline following weaker-than-expected quarterly sales [11]. - Trex: Dropped 31% after reporting weaker-than-expected quarterly sales and earnings, along with slashed guidance for 2025 and 2026 [11]. - Kratos Defense & Security Solutions: Fell 14% after issuing fourth-quarter sales guidance that missed analysts' estimates [11]. - Lumentum Holdings: Gained 24% after posting fiscal first-quarter earnings and revenue that beat forecasts, along with strong revenue guidance for the second quarter [12].