The Elliott Wave Nasdaq 100 update notes mixed performance among Mag 7 stocks, with Nvidia and Netflix up but Apple, Amazon, and Tesla down. The market awaits Nvidia’s upcoming earnings to guide the next direction.
President Donald Trump signed a bill to end the record 42-day U.S. government shutdown sparked by a partisan fight over health care subsidies, as Republicans and Democrats — including Trump, Nancy Pelosi, Ted Cruz, and Mike Johnson — traded blame while the nation added $619 billion in new debt during the standoff.
America’s economic growth isn’t being powered by factories, shoppers, or homebuilders anymore. It’s being powered by data centers. And the iShares Future AI & Tech ETF (ARTY) provides investors with exposure to AI and leading-edge technology
NYC mayor-elect Zohran Mamdani receives strong support from deputy mayor Dean Fuleihan for his ambitious affordability agenda. Other leaders also offer congratulations and support despite policy differences.
The grand experiment Michael Saylor has executed with his company, Strategy (MSTR), is looking pretty shaky. The company is basically a giant Bitcoin holding company, and if the BTC falls 25%, all of his profits will be zeroed out.
Capital One Financial has continued to outperform the broader market over the past year, and analysts remain strongly bullish on the stock’s prospects.
Old Dominion Freight Line has continued to underperform the broader market over the past year, and analysts remain cautious about the stock’s prospects.
Economist Justin Wolfers called out President Donald Trump's claims regarding inflation, citing several data sources that clearly pointed ot the contrary.
ScanSource’s third quarter results were met with a negative market reaction, as sales came in below Wall Street expectations and declined year over year. Management attributed the underperformance largely to continued weakness in Brazil and the effects of reporting more netted down revenue, particularly in the company’s Specialty Technology Solutions segment. CEO Mike Baur acknowledged that while some technology categories grew in North America, certain legacy areas remained in decline, tempering overall top-line momentum. Baur highlighted ongoing gross profit margin improvements and growth in recurring revenue, stating, “Each of our segments achieved year-over-year gross profit growth and higher EBITDA margins.”
Doximity’s third quarter results were marked by strong revenue and profit outperformance relative to Wall Street expectations, yet the market responded negatively. Management attributed the quarter’s performance to rapid adoption of AI-powered workflow products, integration of the Pathway acquisition, and a shift in customer upsell timing. CEO Jeffrey Tangney highlighted surging engagement with new features, particularly the AI scribe and DoxGPT tools, which saw user numbers rise sharply. CFO Anna Bryson emphasized that earlier and more evenly distributed upsells, driven by integrated programs, contributed to a higher portion of annual revenue being recognized in this quarter.
Palomar Holdings’ third quarter results were positively received by the market, as management credited robust premium growth and expanding margins to its diversified specialty insurance portfolio and disciplined underwriting. CEO Mac Armstrong highlighted the company’s broad mix of admitted and excess and surplus (E&S) property and casualty offerings, noting, “All our product groups, save for fronting, experienced double-digit growth in the third quarter.” The addition of new specialty lines, including crop and surety, further enhanced the company’s balanced risk exposure and earnings consistency.
Granite Construction’s third quarter saw a negative market reaction as the company’s revenue fell short of Wall Street expectations, despite double-digit year-over-year growth. Management attributed the quarter’s performance to strong execution in both the Construction and Materials segments, aided by recent acquisitions and improved project selection. CEO Kyle Larkin emphasized that increased aggregate and asphalt volumes, as well as effective pricing strategies, were key contributors to margin improvement. The quarter’s results also reflected ongoing success in integrating newly acquired businesses and operational enhancements in core markets.
Advanced Drainage’s third quarter was marked by margin expansion and robust execution, which led to outperformance relative to market expectations. Management pointed to strong growth in higher-margin Allied Products and Infiltrator segments, along with operational improvements and disciplined cost controls. CEO Scott Barbour highlighted the company’s ability to generate above-market growth despite a “challenging market environment,” citing successful material conversion strategies and the launch of new products as key contributors. Continued demand in nonresidential markets and resilient pricing also played a significant role in supporting results.
ePlus delivered a strong Q3, with the market responding positively to results that exceeded Wall Street expectations. Management attributed the outperformance to robust demand in security, networking, and cloud solutions, with CEO Mark Marron noting that security gross billings rose 56% year-over-year, fueled by customers investing in AI-driven infrastructure. Additionally, the company saw broad-based growth across customer segments and verticals, except for state and local government, which faced budget constraints. The successful execution of its automation initiatives and operational leverage also played a critical role in the quarter’s margin expansion and profitability.
Sunrun’s third quarter was marked by strong top-line growth, with management highlighting cost efficiencies and a rapid increase in storage adoption as key contributors. Despite exceeding Wall Street’s revenue expectations, the market reacted negatively, reflecting concerns over lower-than-expected GAAP earnings. CEO Mary Powell described the quarter as one where Sunrun “delivered higher unit margins and considerably more cash generation,” attributing performance to disciplined execution and a focus on storage-first strategies. Management acknowledged that while profitability improved, increased battery hardware and installation costs pressured margins.
Ducommun’s third quarter results met Wall Street’s revenue expectations but prompted a negative market reaction, with investors focused on the company’s sharply lower operating margin due to a substantial litigation settlement. Management attributed the quarter’s top-line growth to continued strength in the defense segment, particularly missiles and radar programs, which offset declines in commercial aerospace. CEO Stephen Oswald acknowledged ongoing commercial aerospace destocking as a key headwind, explaining, “We achieved this despite continued headwinds in our commercial aerospace business, which has been previously forecasted due to destocking at BA and SPR.” Adjusted margins improved, but the one-time legal charge dominated GAAP profitability.
The longest government shutdown in US history finally ended Wednesday night, with President Donald Trump signing a bill to get the federal government back up and running.
Former Twitter CEO Parag Agrawal has raised $100 million for his AI startup Parallel, valued at $740 million, to build real-time web infrastructure that powers AI agents' internet search and data access.
Shares of sports-focused firms declined on Wednesday, November 12. after-hours session following a New York State bill seeking to ban sports-related prediction markets for residents.
Elizabeth Warren criticizes Trump for prioritizing $40Billion bailout for Argentina's Wall Street investors over struggling American families. She argues the funds could have helped with healthcare, childcare, and food assistance.
Agrawal launched Parallel Web Systems in late 2023, about a year after he was fired as CEO of Twitter following the company’s acquisition by Elon Musk.
Investor Kevin O'Leary is pushing back against President Donald Trump's plans for a 50-year mortgage, warning that it would deepen the country's housing affordability crisis rather than solve it.
Dow Futures (YM) has surged to a new all-time high, reinforcing the prevailing bullish trend. The cycle from the April 2025 low remains active and is unfolding as a five-wave impulsive structure.
Economist and market commentator Peter Schiff said Wednesday that the U.S. is already the world’s Bitcoin (CRYPTO: BTC) “capital,” making Americans the most vulnerable during an inevitable market crash.
