Boeing jumps, Lockheed dives on news of jet fighter contracts

Boeing stock popped after Reuters reported that it beat out Lockheed Martin for a contract to build the US Air Force’s Next Generation Air Dominance, its most sophisticated fighter jet.

The new jet will replace Loc’s F-22 Raptor. Boeing is up more than 12% this week on the announcement and forecasts of better-than-expected deliveries for passenger planes.

This is welcome news for investors in the company, which has been plagued with negative headlines, including of its planes falling apart midair and its Starliner leaving astronauts abandoned in space.

Trump awards Boeing much-needed win with fighter jet contract, sources say

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Hyunsoo Rim2h

Pinterest sinks after weak revenue guidance and Q3 adjusted EPS misses estimates by 10%

Pinterest plunged nearly 18% in pre-market trading on Wednesday, after the company reported lower-than-expected earnings and a weak holiday-quarter forecast after the bell on Tuesday.

The social media platform posted adjusted EPS of 38 cents, below Wall Street's 42-cent estimates, while revenue matched analysts' expectations at $1.05 billion, up 17% from a year earlier.

The fly in the earnings ointment appears to be the guidance, however, with Pinterest only expecting Q4 sales of $1.31 billion to $1.34 billion, with the midpoint trailing analysts' $1.34 billion forecast.

Global monthly active users came in at an all-time high of 600 million, beating expectations, but average revenue per user came in at $1.78, slightly shy of projections. During the earnings call, CFO Julia Donnelly said the company saw "pockets of moderating ad spend" in the third quarter, as "larger US retailers navigate tariff-related margin pressure."

The company's soft results come as its peers, including Meta, Amazon, and Alphabet, recently reported strong digital ad sales.

CEO Bill Ready said Pinterest’s AI push is “paying off,” highlighting last week's launch of its AI-powered shopping assistant, Pinterest Assistant. Still, growth in its core North American market — which generates roughly three quarters of its revenue — remains a drag heading into the holiday season.

J. Edward Moreno, Hyunsoo Rim

Novo Nordisk cuts outlook again amid obesity drug slowdown and Pfizer bidding war

The Q3 earnings report comes at a tumultuous time for the company.

Taser maker Axon dives after whiffing on earnings; announces acquisition

Need to reload the Taser after this miss.

Matt Phillips15h

J. Edward Moreno

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Live Nation reports earnings, sales miss

No one was clapping for these results.

Umphrey's McGee In Concert At Red Rocks Amphitheatre

Arista Networks beats expectations, but stock dives on mediocre guidance

All those data centers are going to need a lot of switches and routers as well as GPUs.

Matt Phillips15h

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