A tale of two earnings seasonsThe AI trade cracked for a third straight week. Alphabet missed revenue on October 28, burned roughly $9 billion of cash, and shares fell nearly 13% on Thursday, its worst day ever, erasing about $482 billion. Amazon reported earnings of $1.89 versus $1.96 expected, with 2027 capex meaningfully more than roughly $220 billion. Intel guided Q4 well below estimates,...
While technology stocks sold off on October 30, 2026, healthcare earnings told a very different story. Regeneron surged 13.33% to $927.89 after a third-quarter report that beat expectations by a wide margin, and AbbVie raised its full-year profit forecast after topping estimates, with its shares closing up 1.41% at $294.89, a record. Colgate-Palmolive also rose 2.29% to $95.29 after raising its...
