Markets
Luke Kawa

US stocks jump as drama-free session spurs rebound

A day largely bereft of immediate tariff threats was music to traders’ ears, with the S&P 500, Nasdaq 100, and Russell 2000 all booking strong gains on Tuesday.

Energy was the best-performing S&P 500 sector ETF, as the lack of immediate supply distributions from Canada buoyed the group despite a downdraft in the price of crude oil. Tech and consumer discretionary were also up more than 1%, while the defensive consumer staples and utilities sectors suffered declines and were at the bottom of the sector leaderboard.

Palantir skyrocketed on the heels of blowout revenue growth and guidance that suggests more of the same is in the offing. Some bears are admitting the error of their ways, while bulls rejoice and look for further gains.

Nvidia rebounded from Monday’s tumble as traders showed persistent demand to buy the dip, and Bank of America doubled down on the stock as its top pick in the industry.

Embattled server company Super Micro Computer surged after saying it would provide a “business update” next week, which has spurred hopes that the company will get its corporate filings in order in time to avoid delisting from the Nasdaq.

Fox jumped on top- and bottom-line results that surpassed every analysts’ expectation and plans to launch its first streaming service this year.

Merck got slammed after pausing shipments of one of its key drugs to China on poor demand.

PayPal had its worst day since February 2022 as analysts fret that the payments company is losing market share.

North America has not been kind to PepsiCo, with its lackluster results for the region prompting a large retreat in the stock.

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markets
Luke Kawa

Opendoor surges on bullish options bets as traders look to potential real estate tokenization

Opendoor Technologies is surging on Friday amid bullish options bets and social media posts referencing unconfirmed rumors about the company.

The stock moved higher in the premarket session after the soft inflation report boosted stocks and briefly pushed long-term bond yields lower (positive for a real estate company). But the real gains came after the opening bell rang and options demand picked up.

As of 12:11 p.m. ET, roughly 664,000 call options have changed hands versus a 10-day average of about 364,000 for a full session.

What seems to be galvanizing members of the “$OPEN Army” is the potential for the company to pursue the tokenization of real-world assets, with Robinhood often bandied about as a potential partner in this endeavor.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Opendoor bulls have often pointed to signs that Robinhood CEO Vlad Tenev appears to be fond of the company, from what appeared on-screen during a demo of a social trading feature at HOOD’s conference in Las Vegas in September to offering support to Opendoor CEO Kaz Nejatian in setting up an opportunity for retail shareholders to ask questions during the online real estate company’s next earnings call.

Opendoor is currently in a quiet period ahead of earnings, which restricts what type of announcements a company can make.

The call options seeing the most demand expire this Friday with strike prices of $8, $8.50, and $9.

Intel Earnings Researchers

Wall Street analysts see some issues with Intel’s earnings

Even with the US government as a partial owner, Intel’s turnaround has a long way to go.

markets
Luke Kawa

Beyond Meat gains amid slightly better-than-expected Q3 sales, positive commentary on legal issues

Shares of Beyond Meat built on their premarket gains after the plant-based meat seller reported preliminary Q3 sales a bit ahead of Wall Street’s expectations, before paring this advance after the market opened.

For the three months ended September 27, management said net revenue would be approximately $70 million. That’s in line with their guidance range of $68 million to $73 million, but Wall Street was expecting sales to skew toward the lower end of that range, at $68.7 million.

However, its anticipated gross margin of 10% to 11% is lower than analysts had been expecting (13.8%). That’s still the case even adjusting for expenses related to its downsizing of operations in China, which would have left margins around 12% to 13%, per Beyond.

Perhaps more importantly, the company provided positive commentary regarding arbitration discussions with a former co-manufacturer that appear to bring it closer to a resolution while limiting potential damages:

“As previously disclosed, in March 2024, a former co-manufacturer brought an action against the Company in a confidential arbitration proceeding claiming that the Company inappropriately terminated its agreement with the co-manufacturer and claimed damages of at least $73.0 million. On September 15, 2025, the arbitrator issued an interim award (the ‘Interim Award’) and found that the Company had a valid basis to terminate the agreement with the Manufacturer. The details of the Interim Award are confidential, and a final arbitration award has not been issued. Additional proceedings will be held to determine the award of attorneys’ fees, prejudgment interest and costs, if any, before a final arbitration award will be issued. On September 25, 2025, the Manufacturer filed a request with the arbitrator to re-open the arbitration hearing. On September 29, 2025, the Company opposed this request. On October 20, 2025, the arbitrator denied the Manufacturer’s request.”

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