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Magnificent Earnings Week: What was your fave?
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November Starts with a Climb to end Tough Week | Wall Street Today

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Kevin Travers joined discussion · Nov 2 04:03
November Starts with a Climb to end Tough Week | Wall Street Today
The market climbed to start the month of November despite a shockingly light non-farm labor number- the U.S. added just 12,000 jobs in the past month, 100k lower than estimated. However, the unemployment rate did not rise, and the report mentioned the disruptions caused by hurricanes and strikes as one-time events.
After 4pm ET the $S&P 500 Index (.SPX.US)$ traded +41 bps, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.69% and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.80%. All three indexes ended October down about 0.5-1.3%.
MACRO
In macro, non-farm employment numbers came in at the lowest monthly report since 2020, when the number went negative during the first major wave of the pandemic. Still, the unemployment rate remained at 4.1%.
SECTORS
Within industries tracked by moomoo, Internet Retail was soaring with Amazon at the head- bringing 2T in market cap power to pull up much smaller firms.
November Starts with a Climb to end Tough Week | Wall Street Today
MOOVERS
$Amazon (AMZN.US)$ shares climbed 6% Friday after its third-quarter net sales hit $158.9 billion, up 11% from last year. For Q4, Amazon forecasts net sales between $181.5 billion and $188.5 billion, indicating a 7% to 11% growth. The midpoint of $185 billion slightly trails the $186.2 billion predicted by analysts. it was the highest gainer on the Dow.
$Apple (AAPL.US)$ Thursday reported that Q4 adjusted earnings and revenue beat and came in just above estimates for iPhone 16 sales worldwide. Adjusted earnings of $1.64/share, vs estimates of $1.60/share, on revenue of $94.93 vs estimates of $94.37B. Shares fell after weak guidance for its December holiday sales.
$Exxon Mobil (XOM.US)$ beat earnings expectations and hiked its dividend in its third-quarter earnings report, but the results weren't impressive enough to clear investors' high bar for the stock.
$Intel (INTC.US)$ shares jumped 7% Friday after its Thursday revenue came in high, but the firm lost an adjusted 46C a share in the Third quarter. Revenue for the quarter reached $13.28 billion, about 260M higher than estimated. New CEO Pat Gelsinger attempted to downplay loss and pin it to the previous leadership after he took the reigns in September.
$Charter Communications (CHTR.US)$ logged better-than-expected results in its latest quarter amid gains in services including residential mobile and residential internet. Shares were up more than 13% intraday Friday.
$Atlassian (TEAM.US)$ stock soared 18% Friday, the day after the productivity software company's quarterly results tore past estimates.
Who will win the Presidential Election, and how will it affect the market?
November Starts with a Climb to end Tough Week | Wall Street Today
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Word from the herd: Mooers, what are you watching?
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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