Financial Performance - Meta's third-quarter net profit was $27 billion, significantly lower than analyst expectations [1] Market Trends - Meta's pre-market decline widened to nearly 10% [1] - The company plans to raise at least $25 billion through bond issuance [1]

Core Insights - The US stock market in 2025 is experiencing unprecedented volatility, with 119 trading sessions where a company's market capitalization changed by over $100 billion in a single day, compared to only 42 such instances in 2024 and fewer than 10 in 2020 [1][4] Group 1: Market Dynamics - The surge in volatility is primarily driven by mega-cap technology companies, with Nvidia, Microsoft, Apple, Amazon, and Alphabet each valued above $2.5 trillion, and Nvidia recently surpassing $5 trillion [2] - A mere 3% change in share price for these companies can result in a value change of over $150 billion [2] - Historical data shows that between 2010 and 2020, there were fewer than 25 instances of such significant single-day market changes, highlighting the dramatic increase in 2025 [4] Group 2: Contributing Factors - Analysts attribute the "$100 B Whiplash Effect" to three main factors: market concentration, with the top ten companies now accounting for over 36% of S&P 500 capitalization (up from 24% in 2019) [5] - Increased trading in options, with a nearly 70% year-on-year rise in retail and institutional trading, amplifying market movements [5] - The presence of algorithmic feedback loops, where simultaneous reactions to headlines can lead to rapid shifts in sentiment and exposure across the market [5] Group 3: Market Structure and Behavior - Despite the S&P 500 remaining near record highs at around 6,880 points, breadth indicators reveal that over 60% of S&P constituents have declined on several occasions, indicating that only a few mega-caps are supporting the index [6] - Economists warn that the growing sensitivity in the market signifies a fundamental shift, where liquidity and investor positioning are driving price actions more than traditional metrics like earnings [7] - The "Elastic Market Effect" describes a market that is overly reactive, where even minor shocks can lead to significant systemic impacts due to the dominance of a few companies [8] Group 4: Implications for Investors - Investors are currently benefiting from the rally in technology shares, but the record number of massive single-day moves indicates a fragile confidence that could easily reverse [9] - The data suggests that the market has become more brittle, with rapid expansions and contractions in value, reflecting the immense scale and sensitivity of the current financial landscape [11]

Core Insights - Gibraltar Industries reported a strong performance in Q3 2025, with net sales increasing by 12% to $310.9 million and adjusted net sales up 13% to $310.9 million compared to Q3 2024 [1][4] - The company experienced a 50% increase in backlog, reaching $257 million, and operating cash flow grew by 39% to $57 million [1][2] - The outlook for 2025 has been narrowed, with expected net sales between $1.15 billion and $1.175 billion, and GAAP EPS projected between $3.67 and $3.77 [1][13] Financial Performance - Net income for Q3 2025 was $33.2 million, a decrease of 1.8% from $33.8 million in Q3 2024, while adjusted net income fell by 3.7% to $34.0 million [4][5] - Diluted EPS increased slightly by 0.9% to $1.11, while adjusted diluted EPS decreased by 0.9% to $1.14 [4][5] - The residential segment saw net sales of $230.3 million, an increase of 8.4%, while the Agtech segment reported a significant 38.8% increase in net sales to $57.6 million [6][9] Segment Analysis - In the residential segment, the building accessories business grew by 2% despite a market decline of 5% to 10%, while metal roofing performed as expected [6][2] - The Agtech segment's revenue was impacted by a delayed large controlled environment agriculture project, but total backlog increased by 96% [9][10] - The infrastructure segment experienced a slight decline in net sales by 0.4% to $23.1 million, attributed to a supplier transition affecting revenue timing [11][12] Business Outlook - The company anticipates approximately 15% adjusted net sales growth and 10-12% adjusted EPS growth for the full year 2025 [2][13] - The focus remains on executing growth and M&A strategies, alongside a share repurchase program [13]

Group 1 - Carvana reported adjusted Q3 earnings per share of $1.50, reflecting a 134% increase compared to the previous year [1] - Revenue for Carvana surged 55% to $5.65 billion, marking the second consecutive quarter of accelerating growth [1] - Despite strong earnings, Carvana's stock sold off late Wednesday due to pressure on margins [1] Group 2 - Carvana was highlighted as the IBD Stock of the Day, briefly surpassing a cup-with-handle buy point following an analyst upgrade to buy [2] - The stock market experienced fluctuations, with indexes swinging lower while Amazon rose ahead of earnings and Apple faded [4] - Carvana's stock surged 20%, topping its buy point as earnings soared [4]

Core Insights - Zebra Technologies is a key player in the industrial products sector, specializing in barcode printing, mobile computing, and data capture, and is focused on maintaining its competitive edge through innovation and strategic investments [1] Investment Outlook - Truist Financial has set a price target of $331 for Zebra Technologies, indicating a potential upside of nearly 20% from its current trading price of approximately $276, reflecting confidence in the company's market position and growth prospects [2] - Asset Management One Co. Ltd. increased its holdings in Zebra Technologies by 1.7% during the second quarter, now owning 21,676 shares valued at around $6.7 million, showcasing strong belief in the company's future performance [3] Investment Activity - Other investors, such as Trust Co. of Toledo NA OH and Zions Bancorporation National Association UT, have initiated new positions in Zebra Technologies, with investments valued at approximately $25,000 and $27,000 respectively, indicating growing interest in the company's potential [3] Stock Performance - Zebra Technologies' stock is currently priced at approximately $274.53, with a slight increase of 0.08% or $0.22, and has experienced fluctuations with a daily low of $270.30 and a high of $277 [4] - Over the past year, the stock has seen a high of $427.76 and a low of $205.73, reflecting its volatile nature, and the company has a market capitalization of about $13.96 billion with a trading volume of 537,161 shares on the NASDAQ exchange [4]

you own it. Now, this is a stock that I believe is down 34% year-to date. So, if people are wondering why it's up on results that seem more disappointing versus expectations, some of the big tech names, perhaps it's being measured by a different standard, Stephanie.>> Oh, absolutely. Absolutely. Look, I mean, it's hard in general for this industry uh right now from a macro point of view.Um but they're doing the very best that they can. Uh I think that the expectations were for a negative comp uh for the qua ...

Meta said it expects total expenses to significantly increase in 2026, and will continue to invest at historic levels in artificial intelligence https://t.co/4e45ME6lwI ...

Market Overview - The market is experiencing record highs, driven by significant events such as the Fed decision and Nvidia reaching a $5 trillion market cap [1][12] - There is a notable concentration of performance among a narrow set of technology stocks, leading to perplexity among portfolio managers [2][3] Performance Discrepancies - The S&P 500 is outperforming the S&P equal weight index, indicating a disparity in market performance [3][10] - The recent trading day saw the S&P close up 0.23% with a net advanced decline line of -294, marking the worst breadth day for an up day since 1990 [10][11] AI Influence - Companies that adopt AI are seeing productivity increases, which may lead to a positive halo effect, although the overall market breadth remains weak [7][8] - The discussion highlights the potential for AI to drive performance in selective companies, despite concerns about broader market implications [7][8] Economic Cycle Considerations - There is a debate about whether the market is in a late cycle phase, with some arguing that the current economic indicators do not align with typical late cycle behavior [19][21] - The market appears detached from economic realities, with cooling economic activity not reflected in stock performance [24][25] Future Outlook - The upcoming earnings reports from major companies are anticipated to influence market dynamics, with a focus on large-cap stocks [12][18] - The potential for rising unemployment and its impact on consumer spending is a significant concern for the market moving forward [9][26]

Layoffs - Amazon to cut 14,000 jobs [1] Technology Trends - Microsoft calls AI 'labor-reducing tech' [1]

The federal government has been shut down for nearly a month, and the economic effects are mounting. IBM vice chairman and former NEC director Gary Cohn discusses the health of the economy, corporate earnings, and how the AI boom is reshaping the labor market. Then, early voting is underway in the New York City mayoral race. CNBC’s Robert Frank reports on the billionaires and businesses that are spending millions to defeat Zohran Mamdani. Plus, CNBC’s Kristina Partsinevelos has the latest on AI-related layo ...