For more on the state of the consumer, Tanganger CEO and president Steven Yalof is with us here on set. Tanganger reported earnings yesterday. Stephen, great to have you with us.>> Thanks for having me back. >> Um, record leasing volume. Um, so you're seeing just brisk demand for retail space.We're sort of challenges, but we're talking about in terms of a bifurcated economy and some pockets of the consumer facing problems right now. Well, you know, it's interesting to sit and listen to what you were just ta ...

Dispute Overview - Amazon accuses Perplexity of masking its website activity, alleging automated agents are disguised as regular Google Chrome users [1][2] - Amazon raises concerns about account integrity and responsibility for returns [2] - Perplexity counters, accusing Amazon of bullying and defending its approach as no different from a user navigating with a mouse and keyboard [3][4] Core Issue - The central conflict revolves around control over the customer experience in the age of AI agents [2][6] - Debates are emerging about the definition of a browser and the ownership of online experiences when AI agents are involved [6] Potential Outcomes - The industry anticipates a potential settlement to avoid a public court battle and discovery process [6][7] - The case is viewed as the first of many debates regarding the role of AI agents on the internet and their impact on user experience [6] Amazon's Perspective - Amazon views Perplexity's actions as a potential threat, prompting a defensive response [5] - Amazon is closely monitoring the evolving landscape of AI and its impact on its business [5][6]

Market Overview - The market has shown stronger performance than expected in October, with a notable momentum shift as November begins [2][3] - The current earnings season is strong, but there is a lack of follow-through across the board, indicating potential turbulence beneath the surface [3][4] Company Insights - Palantir reported impressive earnings, but the stock's post-earnings reaction was negative, raising concerns about valuation despite strong metrics [4][5] - The company's backlog stands at $6 billion with operating margins exceeding 70%, suggesting significant profit growth potential as it monetizes this backlog [5][6] - The stock is currently experiencing a pullback, with a potential buying opportunity if it drops to the $175 level, which aligns with key moving averages [9][11] Sector Performance - The breadth of the market is concerning, with more stocks declining than advancing, which is atypical during periods of new highs [13] - Technology and consumer discretionary sectors are leading the market, with companies like Amazon and Tesla showing strong performance [13][14] - Meta has been identified as a significant disappointment due to unexpected tax charges, impacting its stock performance [28] Economic Factors - The ongoing government shutdown is the longest in history and is expected to impact GDP, although it is viewed as a temporary speed bump [17][18] - Federal Reserve policy is becoming increasingly data-dependent, with recent comments suggesting that a rate cut is not guaranteed [19][20] Future Outlook - The market may be entering a period of volatility, but this could set the stage for a potential upward move if the right conditions are met [27][28] - There is a focus on identifying turnaround opportunities in consumer-related stocks that have been beaten down, with a positive outlook for sectors like biotech and transports [55][58] - The upcoming earnings reports from major companies like Nvidia will be critical, as expectations may be overly optimistic [79][80]

Lou Whiteman: Yeah, it's a lot to process. OpenAI continues to be a confusing structure, even with this. But I think this is a win all the way around. Microsoft gets to put a value on its stake, 135 billion, which for most of us, is a lot of money. For Microsoft, not so much, but still it's good to get that out there. There's at least hope now that OpenAI can, like you said, do an IPO or at least have ways to fund all of its massive amount of commitments. Microsoft gets that $250 billion as SPN commit, but ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

Core Insights - Amazon has secured a $38 billion multi-year partnership with OpenAI, reinforcing its leadership in cloud computing and artificial intelligence [1][8] - The partnership allows OpenAI to access extensive AI infrastructure through AWS, enhancing Amazon's competitive position in the cloud market [2] - Amazon's Q3 2025 performance showed a 20% year-over-year revenue increase for AWS, reaching $33 billion, the fastest growth since 2022 [3][8] AWS Leadership and Infrastructure - AWS operates large-scale AI infrastructure with over 500,000 chips, a capability unmatched by most competitors [2] - OpenAI will utilize advanced NVIDIA GPUs via Amazon EC2 UltraServers, with deployment expected to complete by the end of 2026 [2] Financial Performance - Amazon's total revenues for Q3 2025 reached $180.2 billion, with earnings per share of $1.95, exceeding consensus estimates [4] - North America sales increased by 11% to $106 billion, while international sales rose by 14% [4] - The advertising segment grew by 24% to $17.7 billion [4] Capital Expenditure and Growth Potential - Amazon raised its capital expenditure forecast to $125 billion for 2025, indicating confidence in future growth [5] - AWS generates 35% operating margins, contributing significantly to Amazon's overall profitability despite representing only 17% of net sales [5] Future Guidance - Fourth-quarter revenue guidance is projected between $206 billion and $213 billion, suggesting 10% to 13% year-over-year growth [6] - Operating income guidance ranges from $21 billion to $26 billion, reflecting improved operational efficiency [6] Strategic Diversification - Amazon's AI innovations enhance its retail operations, with same-day grocery delivery expanding to over 1,000 U.S. cities [7] - The AI shopping assistant Rufus has attracted 250 million users, increasing purchase likelihood by 60% [7] Competitive Landscape - Amazon's stock has gained approximately 33.8% over the past six months, but lags behind competitors like Alphabet and Oracle [11] - The OpenAI partnership positions Amazon favorably against competitors in the AI space, addressing earlier investor concerns [15] Valuation Considerations - Amazon's price-to-earnings ratio is approximately 32.46x, above the industry average of 25.75x, indicating potential for multiple expansion [16] - The valuation premium reflects Amazon's market leadership, while the discount to historical norms suggests market skepticism [17] Conclusion - The combination of AWS growth, the OpenAI partnership, strong fourth-quarter guidance, and improved retail operations presents a compelling investment opportunity for Amazon [20]

Core Insights - Traditional stock splits have seen a resurgence in announcements, particularly with Netflix's recent 10-for-1 split, which contrasts with a general slowdown in the second half of 2025 [6][9][11] - The overall trend of stock splits has been declining since the 2022 bear market, with a notable peak of 99 splits in Q2 2025, but fewer announcements in recent quarters [3][5][9] - The market sentiment surrounding stock splits is cautious, with executives wary of sending overly bullish signals amid macroeconomic uncertainties [9][10] Stock Split Trends - The number of traditional stock splits increased from 5 in Q4 2022 to 24 in Q2 2025, indicating a potential recovery in corporate confidence [5] - High-profile companies like Alphabet, Amazon, and Tesla initiated splits in early 2022, marking a peak in post-COVID enthusiasm for stock splits [4][9] - Netflix's split is seen as a strategic move to regain investor attention, especially following a Q3 earnings miss [6][8] Recent Split Performances - Other companies that have recently split include Fastenal and O'Reilly Automotive, with ServiceNow announcing a 5-for-1 split just before Netflix [8] - Not all splits have resulted in positive outcomes; for instance, Chipotle's 50-for-1 split in 2024 led to a significant decline in its stock price [10] Future Outlook - The upcoming quarters will reveal whether Netflix's split will trigger a new wave of announcements or remain an isolated event [11] - The current market conditions, characterized by high index levels and low volatility, may encourage more companies to consider stock splits as a means to enhance accessibility and liquidity [11][12]

https://t.co/JHZxKhN4Fo has combined a Whole Foods Market store with a mini warehouse stocked with products the chain hasn’t previously sold https://t.co/1vDUTHn4y5 ...

Market Overview - A significant selloff in the semiconductor sector has occurred, with a total of $500 billion wiped off the Philadelphia semiconductor index in just two days, raising concerns about growth rates [2][18]. - Despite strong earnings reports from companies like AMD, the market has reacted negatively, indicating a potential overvaluation of stocks [6][15]. Bank of America Insights - Bank of America held an investor day, outlining medium-term earnings per share (EPS) growth targets of 12% [4]. - CEO Brian Moynihan noted no noticeable impact on consumer spending due to the government shutdown, suggesting stability in their business operations [24]. Consumer Behavior Trends - There is a bifurcation in consumer spending, with low-income consumers pulling back significantly while high-income consumers continue to seek value [21][46]. - McDonald's has adapted by introducing more value options to attract consumers, indicating a shift in strategy to cater to changing consumer preferences [22]. Fast Food Industry Challenges - The fast food sector, particularly companies like Papa John's, is facing challenges due to declining same-store sales growth and increased competition from grocery stores offering ready-to-eat meals [40][46]. - Private equity interest in fast food chains is waning as low-income consumers reduce spending, leading to a shift towards more stable casual dining investments [41][46]. Federal Reserve and Economic Outlook - The Federal Reserve's credibility is under scrutiny as inflation expectations remain elevated, complicating the outlook for interest rate cuts [30][26]. - Market participants are cautious about the potential for a Santa Claus rally, with historical trends suggesting a strong November and December if the market ends October positively [16][18].

Core Viewpoint - The ARK Innovation ETF (ARKK) has experienced significant volatility, with a peak-to-trough loss exceeding 70% and a current loss of about 40% from its peak [2][3]. Fund Performance - ARKK peaked in 2021 at $160 and reached a trough of $33.76 in October 2023, trading within a range of $40 to $65 before recently hitting a high of $92.65 [8]. Holdings Overview - The ETF holds major stocks known as "Mag 7" and social disruptors, with top holdings including Tesla (12.71%), Roku (5.90%), and Coinbase (5.66%) [4][6]. Market Indicators - ARKK serves as a barometer for market conditions, particularly for growth stocks, as it is currently trading just above the 50-day moving average (50-DMA) [9][11]. Technical Analysis - A sustained break below the 50-DMA for two consecutive days could signal a larger market correction, while holding above it may indicate a potential market recovery [11]. Investment Strategy - The company emphasizes the importance of market timing and risk management, regardless of the expected performance of individual stocks within the fund [9].