Market Overview - The U.S. stock market experienced a downturn, with major indices like the S&P 500 and Nasdaq showing negative futures [1] - The Dow Jones Industrial Average fell 0.5% to 47,085.24, the S&P 500 dropped 1.2% to 6,771.55, and the Nasdaq decreased 2.04% to 23,348.63 [2] Company Performance Advanced Micro Devices Inc. (AMD) - AMD reported third-quarter revenue of $9.25 billion, exceeding analyst expectations of $8.74 billion [3] - Adjusted earnings per share were $1.20, surpassing estimates of $1.16, driven by growth in the AI data center business [3] - AMD shares fell 3.70% to close at $250.05, with after-hours trading showing a further decline of 4.7% to $238.20 [2] Super Micro Computer, Inc. (SMCI) - Super Micro Computer reported earnings of 35 cents per share, missing the expected 40 cents, leading to a stock decline [4] - Quarterly revenue was $5.01 billion, below analyst estimates of $5.99 billion and down from $5.93 billion a year earlier [4] - The stock dropped 6.40% to $47.50, with after-hours trading showing a decline of 9.5% to $42.99 [3] Upstart Holdings, Inc. (UPST) - Upstart reported earnings of 52 cents per share, beating the estimate of 42 cents, but revenue fell short of expectations [6] - The company projected fourth-quarter revenue of $288 million, below the $303.61 million analyst estimate, and cut its fiscal 2025 revenue outlook to $1.03 billion from $1.05 billion [6] - Shares slid 2.73% to $46.24, plummeting 15.3% to $39.15 in extended trading [5] Pinterest Inc. (PINS) - Pinterest reported third-quarter revenue of $1.05 billion, aligning with analyst estimates, but adjusted earnings of 38 cents per share missed the expected 42 cents [8] - The company forecasted fourth-quarter revenue between $1.31 billion and $1.34 billion, slightly below estimates of $1.34 billion [8] - Shares decreased by 2.39% to $32.91, dropping sharply by 20.09% to $26.30 in after-hours trading [7] Rivian Automotive (RIVN) - Rivian reported third-quarter revenue of $1.56 billion, up 78% year-over-year and above the $1.50 billion estimate [11] - Automotive revenue rose 47% to $1.14 billion, while software and services revenue surged 324% to $416 million [11] - The stock fell 5.23% to $12.50, but gained 3.2% to $12.90 in extended trading [10]

Market Overview - US stocks experienced a significant decline, with the Nasdaq Composite falling over 2%, the S&P 500 down about 1.2%, and the Dow Jones Industrial Average dipping by approximately 0.5% [1] Technology Sector - Wall Street is increasingly concerned that companies may not be performing sufficiently to justify their high market valuations, leading to warnings from major bank CEOs about a potential market correction [3] - Palantir shares dropped nearly 9% despite reporting solid quarterly results, as analysts expressed doubts regarding the stock's high price-to-earnings ratio [3] - Uber reported strong results, but its shares declined, indicating that investors were expecting even more [4] Cryptocurrency Market - Cryptocurrencies faced a downturn, with Bitcoin briefly falling below $100,000, marking its lowest level since June, attributed to concerns over decreasing liquidity amid the ongoing government shutdown [2] Economic Context - Investors are closely monitoring developments in Washington, as the US government shutdown has reached its 35th day, tying the record for the longest shutdown in history, which is delaying the release of key economic data [5] - The shutdown is affecting the release of important economic indicators, including the jobs report expected this week, which is crucial for the Federal Reserve and Wall Street [5] Company-Specific Developments - Attention is focused on AMD's upcoming report, particularly regarding its significant AI deals, as well as reports from Spotify and Supermicro [4] - Norway's sovereign wealth fund announced it would vote against approving Tesla CEO Elon Musk's $1 trillion pay package, leading to a more than 5% drop in Tesla's shares [4]

Core Insights - O'Reilly Automotive's decision to implement a 15-for-1 forward stock split has made its shares more accessible to retail investors, dropping from nearly $1,400 to around $90 [1][2] - The company is benefiting from a favorable macro trend, with the average age of vehicles on U.S. roads reaching an all-time high of 12.8 years, indicating that consumers are keeping their vehicles longer [7] - O'Reilly's hub-and-spoke distribution model, with 31 regional distribution centers and over 6,000 retail locations, enhances its ability to meet customer demand efficiently [9] - The company's share repurchase program has been significant, with over $26.9 billion spent to retire 60% of its outstanding shares since 2011, which is expected to boost earnings per share over time [10][11] Company Performance - O'Reilly Automotive's stock has increased approximately 58,000% since becoming publicly traded over 32 years ago, suggesting strong long-term growth potential [11] - The company is positioned well in the auto parts sector, as higher auto loan rates have led consumers to maintain their vehicles longer, increasing demand for parts and services [8] Market Trends - Stock splits, particularly forward splits, tend to attract retail investors, as they make shares more affordable and are often associated with companies that are outperforming their peers [3][5] - The current bull market has been influenced by technological innovations and stock splits, with notable examples like Netflix experiencing significant price increases following their split announcements [6]

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Automotive Sector - Tesla (TSLA) experienced a dramatic decline in new registrations in Denmark, falling by 86% year-on-year in October, despite an overall increase in car sales and a high adoption rate of electric vehicles in the market, where EVs constituted over 70% of new registrations [3][9] - The Volkswagen Group is gaining significant market share in Denmark, dominating the top 10 list of new registrations [3] Commodity Markets - Aluminum prices are approaching a three-year high, with prices rising to $2,892.55 USD per tonne, representing an 11.04% increase compared to the same period last year, driven by easing US-China tensions and strong demand from sectors like renewable energy and transportation [4][9] Economic Indicators - Switzerland's Consumer Price Index (CPI) for October reported an annual inflation rate of 0.1%, missing the estimated 0.3% and falling from 0.2% in September, indicating persistent low inflationary pressures [5][9] - Sweden's Swedbank/Silf PMI Manufacturing registered 55.1 in October, a slight decrease from the previous month's 55.5, suggesting a moderation in growth momentum while still indicating expansion in the manufacturing sector [6] Corporate Ratings - Goldman Sachs downgraded Remy Cointreau (RCO) to Neutral from Buy, reducing its target price from €65 to €50, citing low visibility for recovery and weak demand for cognac in the United States and China [7][9] - JP Morgan added Alphabet Inc. (GOOGL, GOOG) to its US Analyst Focus List, maintaining an "Overweight" rating and raising its price target for Alphabet to $340 from $300 [8]

As China’s tech firms race to compete in chips, AI and EVs, a Bloomberg investigation finds workers are facing grueling hours and intense pressure https://t.co/5VetInMAxg https://t.co/pFluvYvjQA ...

Oil demand has been soft owing to modest global economic growth and the rapid spread of Chinese electric vehicles. Faced with a gloomy future, oil companies are slimming down https://t.co/c8SUkZmf2R ...

Company Performance - Amazon reported third-quarter revenue of $180.2 billion, exceeding Wall Street's estimate of $177.9 billion, leading to a stock surge of 9.6% [1][9] - AWS, Amazon's cloud unit, experienced a 20% revenue increase, marking its fastest growth since 2022, with CEO Andy Jassy highlighting strong AI adoption and infrastructure demand [1][9] - Netflix's stock rose 2.7% following the announcement of a 10-for-1 stock split, which has sparked speculation about its potential inclusion in the Dow Jones Industrial Average [2][11] - Advanced Micro Devices (AMD) achieved a remarkable 58% gain in October, its best monthly performance since 2001, driven by strong demand for AI and data center chips [17][26] Market Trends - The S&P 500, Nasdaq, and Dow all closed higher, with the S&P 500 gaining 0.7% for the week and 2.3% for October, marking its sixth consecutive monthly rise, the longest streak since 2018 [3][12] - Year-to-date performance shows the Nasdaq up 22%, the S&P 500 more than 16%, and the Dow 12%, reflecting ongoing optimism around AI and resilient earnings [3][12] - Analysts expect momentum to continue into November, historically the best month for the S&P 500, with an average gain of 1.8% since 1950 [4][25] Sector Performance - The rally in Amazon's stock triggered gains across AI-related stocks, with Palantir Technologies rising 3% and Oracle gaining 2.2% as investors focused on the AI sector [10][20] - Reddit's shares surged 14% after reporting a 68% year-over-year revenue increase to $585 million, along with a positive outlook for Q4 [26] - Getty Images' stock skyrocketed 19% following a multi-year AI content licensing partnership with Perplexity AI, integrating Getty's visual content into AI search tools [27] Economic Factors - Analysts have raised concerns about inflation risks, with Bank of America's Aditya Bhave noting that tariffs have pushed prices higher, impacting consumer goods [4][28] - The cost of Halloween chocolate has surged nearly 30% year-over-year due to rising cocoa prices, affecting candy makers like Hershey [28][29] - The U.S.–China trade truce is seen as a stabilizing factor for global equities, contributing to a cautiously bullish sentiment on Wall Street [7][30]

Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable information about the company's projected revenue and sales, while in reality, the company's optimistic goals fell short [7]. - The complaint highlights that Fly-E's revenue decreased by 32% compared to the same period in 2024, primarily due to a decline in total units sold, attributed to customer hesitance stemming from lithium battery explosion incidents [7]. - Following the SEC filing on August 14, 2025, which disclosed the revenue drop, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a day [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].

Core Viewpoint - Ryde Group Ltd has made a strategic investment through its subsidiary RCSR Pte Ltd by entering into a Notes Subscription and Debenture Agreement with Singapore Electric Vehicles Pte Ltd, marking a significant step towards full electrification and commitment to a sustainable urban mobility ecosystem [1] Company Summary - Ryde Group Ltd is a leading technology platform for mobility and quick commerce in Singapore [1] - The investment with SEV, one of Singapore's largest private EV fleet operators, is aimed at enhancing Ryde's electrification roadmap [1] Industry Summary - The move reflects a broader trend in the urban mobility sector towards electrification and sustainability, aligning with global efforts to reduce carbon emissions and promote cleaner transportation solutions [1]