GM(US:GM) Yahoo Finance·2025-10-21 13:43Market Overview - US stock futures are slightly on the back foot after Wall Street's rally, with investors looking ahead to more earnings reports, including Netflix [2] - The US-China trade deal hopes are impacting gold, with prices down almost 2% [57] - Markets show a mixed picture, with some sectors on the back foot compared to the previous day's performance driven by chip stocks [58] Rare Earth and Critical Minerals - President Trump and Australian Prime Minister Albanese signed an agreement on critical minerals, putting pressure on China [3] - Following the deal, rare earth shares jumped in Sydney [3] - Alcoa's gallium plant in Western Australia may supply up to 10% of global gallium, crucial for electronics [46][47] Corporate Earnings and Outlook - General Motors (GM) raised its full-year outlook, with adjusted earnings before interest and taxes expected to be $12 billion to $13 billion in 2025, driven by strong sales of high-margin gas-powered SUVs and trucks [12][13] - Coca-Cola's Q3 revenue was $12.52 billion versus an estimate of $12.3 billion, with earnings per share at $0.82 compared to an analyst prediction of $0.78 [14] - General Electric (GE) Aerospace raised its full-year outlook for adjusted revenue growth to high teens from mid-teens, driven by strong air travel demand [15] - Philip Morris's third-quarter results exceeded expectations, with heated tobacco shipment volumes beating estimates [16] Netflix - Netflix's stock trades at around 45 times forward earnings, up around 40% since the start of the year, with valuation concerns emerging [18] - Analysts expect Netflix revenue of $11.52 billion and earnings per share of $6.94 [20] - Morgan Stanley analyst Ben Swinburn forecasts double-digit revenue growth and 25% annual EPS gains through 2028, powered by pricing strength, content spend, and ad economics [21] Amazon Web Services (AWS) - Amazon's cloud business, AWS, experienced significant errors and connectivity issues, causing widespread outages [6] - An analyst believes the AWS outage doesn't change the longer-term outlook for Amazon, emphasizing the platform's ability to recover and drive innovation in areas like generative AI [7] - Amazon's cloud business has revenue well over $100 billion [9] Infrastructure Investment - Goldman Sachs Alternatives predicts private investment in infrastructure could grow to $2 trillion by 2030 [28] - Infrastructure is evolving to include digital infrastructure and data centers, alongside traditional areas like transport and energy [29][30] - Waste-to-energy and the circular economy present exciting opportunities in the value-add infrastructure space [36][37] Trending Tickers - Beyond Meat's stock surged around 127% to $1.47 per share, driven by retail investors on Reddit, despite being down more than 99% from 5 years ago [42][43] - GSI Technology's stock soared 155% to $12.97 after a study showed its chips could match Nvidia's GPU technology while consuming 98% less energy and completing jobs 80% faster [44][45] Tesla - Tesla sold almost 500,000 cars in Q3, but a lot of that was pulled forward because of the tax credit expiring at the end of September [48] - Concerns exist regarding EV demand in the US and slowing sales in China [49] - Tesla's robo taxi service operates in Austin with a safety driver, and expansion into other cities is being monitored [50][51] Bitcoin - Bitcoin is trading below $28,500, experiencing big swings since October 10th [53] - Leverage in offshore futures trading markets contributes to volatility in Bitcoin [55]