US stock market crashes today as the Nasdaq falls big today and the mood on Wall Street turns sharply lower with tech stocks tumbling again, and the drop hits fast as investors dump high-valuation names while Treasury yields rise and major economic data stays missing after the long shutdown. The Nasdaq sinks 1.7% in heavy selling. The S&P 500 drops 1.1%. The Dow slips 382 points, or 0.8%, after hitting fresh highs earlier this week. Tech and AI names take the hardest hit. Nvidia falls. Broadcom falls. Alpha ...

Core Insights - The New York Times Company (NYT) reported strong performance in Q3 2025, exceeding expectations with adjusted earnings of $0.59 per share and total revenues of $700.8 million, marking a 9.5% year-over-year increase [1][11] Subscription Performance - NYT added approximately 460,000 net digital-only subscribers in the quarter, contributing to a 14% increase in digital subscription revenues to $367.4 million [2][4] - Total subscription revenues rose 9.1% year over year to $494.6 million, driven by growth in bundle and multi-product revenues, despite a decline in news-only subscription revenues [4][6] - The company ended the quarter with 12.33 million total subscribers, including 11.76 million digital-only subscribers, with over half being bundle and multiproduct subscribers [6] Advertising Revenue - Total advertising revenues increased by 11.8% year over year to $132.3 million, with digital advertising revenues surging 20.3% to $98.1 million, driven by strong demand and new advertising formats [8][11] - Print advertising revenues declined by 7.1% to $34.2 million [8] Financial Health - The company ended the quarter with cash and marketable securities of $1.1 billion, an increase of $184.9 million from the previous year [14] - Free cash flow for the first nine months of 2025 was $392.9 million, significantly up from $237.7 million a year earlier [15] Cost Management and Profitability - Adjusted operating costs grew 6.2% to $569.4 million, while adjusted operating profit increased by 26.1% to $131.4 million, reflecting effective cost management [12][13] - The adjusted operating profit margin expanded by 240 basis points to 18.7% [13] Future Outlook - Management anticipates digital-only subscription revenues to rise by 13-16% and total subscription revenues to increase by 8-10% in the upcoming quarter [7] - Total advertising revenues are expected to grow in the high-single to low-double digits, with digital advertising projected to rise in the mid-to-high teens range [9]

Core Viewpoint - Amazon has issued a "cease and desist" letter to AI startup Perplexity, claiming its AI shopping assistant Comet violates Amazon's terms of service, posing a threat to Amazon's digital advertising revenue [1][2] Group 1: Legal Dispute - Amazon has requested Perplexity to remove its brand from the Comet experience due to a "significantly degraded shopping and customer service experience" [2] - Perplexity has labeled Amazon's actions as an "aggressive legal threat" and a "first legal salvo against an AI company," indicating broader implications for internet users [2][4] Group 2: Financial Impact - Amazon's CEO Andy Jassy expressed optimism about AI shopping agents, suggesting they could increase online shopping, which is beneficial for Amazon's business model [3] - In Q3 2025, Amazon generated $17.7 billion from digital advertising, marking a 24% increase from the same quarter the previous year, outpacing growth in its e-commerce and AWS segments [3] Group 3: Market Dynamics - The conflict highlights the tension between traditional e-commerce practices and emerging AI technologies, with Amazon prioritizing its advertising revenue over potential competition from AI shopping agents [4]

Core Insights - Alphabet (NASDAQ: GOOG) is a significant player in the digital advertising, cloud infrastructure, and AI sectors, making it a relevant subject for ongoing analysis in the AI and cloud ecosystem [1]. Group 1: Company Overview - Alphabet operates in key industries such as digital advertising, cloud infrastructure, and artificial intelligence, which are critical for its growth and investment potential [1]. - The company is recognized for its pivotal role in the aerospace, defense, and airline sectors through its investment research service, The Aerospace Forum [1]. Group 2: Analyst Background - The analysis is conducted by an experienced aerospace, defense, and airline analyst with a background in aerospace engineering, providing insights into a complex industry with significant growth prospects [1]. - The analyst's investment ideas are driven by data-informed analysis, which is supported by access to data analytics monitors [1].

Core Insights - A Wall Street analyst has issued a bullish outlook on Amazon stock following strong momentum from its impressive third-quarter earnings [1] - Amazon's total revenue reached $180.17 billion, exceeding analyst estimates, with earnings per share at $1.95, surpassing the forecast of $1.57 [2] Financial Performance - Amazon Web Services (AWS) reported a 20% year-over-year revenue increase to $33 billion, contributing significantly to the overall operating profit [1] - The digital advertising segment grew by 24% to $17.7 billion, showcasing solid growth in this area [2] - Overall revenue growth for Amazon was 1% year-over-year, with EBIT up 9% when excluding one-time costs [5] Stock Performance and Analyst Ratings - AMZN stock closed at $244, reflecting a 9.5% increase following the earnings report [3] - Cantor Fitzgerald raised its price target for Amazon to $315 from $280, maintaining an 'Overweight' rating due to confidence in AWS and retail profitability [5] - The consensus rating for Amazon among 41 analysts is a Strong Buy, with no hold or sell recommendations [8] Future Outlook - Amazon's fourth-quarter guidance exceeded Wall Street forecasts for both revenue and earnings, indicating management's confidence in continued operational strength [6] - Analysts have set an average 12-month price target of $292.26 for Amazon, suggesting a potential upside of 19.67% from the recent close [9]

Core Insights - Alphabet Inc. is a leading multinational technology holding company with a market cap of $3.1 trillion, involved in various sectors including internet search, digital advertising, cloud computing, and AI [1] - The company is set to announce its fiscal Q3 2025 earnings on October 29, with analysts predicting a profit of $2.27 per share, a 7.1% increase from the previous quarter [2] - For fiscal 2025, Alphabet's EPS is expected to reach $9.93, marking a 23.5% increase from $8.04 in fiscal 2024, with further growth anticipated in fiscal 2026 [3] Stock Performance - Alphabet's stock has increased by 51.6% over the past 52 weeks, outperforming the S&P 500 Index's 15.1% return and the Communication Services Select Sector SPDR Fund's 28.4% rise [4] - The stock's upward trend is attributed to investor optimism and a favorable U.S. antitrust ruling that alleviated concerns about potential regulatory actions [5] Growth Prospects - There is growing optimism regarding Alphabet's potential in cloud computing and AI, driven by rising demand for its cloud services and the integration of AI across its product offerings [6] - Wall Street analysts maintain a positive outlook on Alphabet's stock, with a "Strong Buy" rating from 42 out of 56 analysts, and a mean price target of $258.96 indicating a modest upside potential of 3% [7]

Core Insights - Walmart is on a trajectory to potentially join the $1 trillion market capitalization club by 2026, needing a 22% appreciation in its stock price within 15 months [5][12] - The company's operating income growth is increasingly driven by e-commerce and high-margin areas such as digital advertising and membership fees [8][9][11] Financial Performance - Walmart's stock has appreciated by 470% over the past 15 years, with reinvested dividends yielding a total return of 680% for long-term investors [2] - As of now, Walmart's market capitalization stands at $820 billion [5] Growth Drivers - E-commerce revenue surged by 25% year-over-year in Q2, significantly outpacing overall revenue growth of about 5% [8] - The recent acquisition of Vizio is expected to enhance Walmart's digital advertising capabilities, contributing to a 46% increase in advertising revenue in Q2 [10] Future Outlook - The company is expected to continue benefiting from its diverse revenue streams, particularly in e-commerce and digital advertising, which are anticipated to drive operating profit growth [11] - While reaching a $1 trillion valuation by the end of 2026 is not guaranteed, the overall direction of the business suggests a strong potential for achieving this milestone [12]

Core Insights - Investing in consumer-facing companies presents a strong opportunity for investors, as these businesses are often easier to understand and can yield significant returns [1] Company Overview - Amazon is highlighted as a highly customer-centric company, with a market capitalization of $2.4 trillion and a remarkable share price increase of 10,220% over the past two decades [2] Investment Potential - Despite its past gains, Amazon remains a smart investment due to its positioning to benefit from various tech-driven trends, including online shopping, streaming entertainment, digital advertising, cloud computing, and artificial intelligence, indicating continued healthy revenue growth [3] - The current valuation of Amazon is attractive, with an enterprise value-to-EBIT multiple of 31.4, which is near the lowest level seen in the past decade [4]

Core Insights - The article discusses "monster stocks," referring to companies with extraordinary performance and potential for long-term growth [1] Company Summaries Lululemon Athletica - Lululemon Athletica (NASDAQ: LULU) has shown an average annual gain of about 15% over the past 15 years, but has experienced average annual losses of 11.6% over the past five years [3][4] - The company is perceived as potentially undervalued due to its international growth, particularly in China, and a partnership with American Express that could enhance growth [4] - Lululemon possesses strong pricing power and a solid balance sheet, although concerns about tariffs and slowing growth exist [5] Amazon.com - Amazon.com (NASDAQ: AMZN) has achieved average annual gains of nearly 25% over the past 15 years and is recognized for its leadership in cloud computing through Amazon Web Services (AWS) [6][7] - The company's revenue primarily comes from its online marketplace, which has lower profit margins, while its digital advertising and AWS segments are higher-margin operations [7] - With a forward-looking price-to-earnings (P/E) ratio of 28.2, significantly below its five-year average of 45.5, Amazon's stock appears attractively valued, supported by investments in AI technology and expansion of its AWS platform [9]

Core Viewpoint - Google is currently involved in a remedy trial in U.S. District Court that has the potential to significantly impact the company's future and the digital advertising landscape [2] Group 1 - The remedy trial commenced in late September in Alexandria, Virginia [2] - This trial follows a ruling by Judge Leonie Brinkema made approximately five months prior [2]