Afternoon update
Earnings repriced three large caps by 8% or more this afternoon.
Earnings repriced three large caps by 8% or more this afternoon.
At 2:02 PM ET, the S&P 500 was up 0.40% and the Nasdaq Composite was up 0.21%.
- Equifax +10.45% ($20.58B market cap): a Q3 earnings beat, with selling, general and administrative expenses down year over year while revenue grew.
- Hasbro +9.41% ($15.32B): better-than-expected Q3 results and a raised full-year revenue-growth outlook.
- GM -8.34% ($66.55B): a Q3 beat, offset by a full-year adjusted EPS forecast midpoint below analyst expectations.
- GM drop history: 12 declines of 8% or more over 15.9 years, 11 mature observations per horizon. 1 month: 36% positive, median -0.9%. 3 months: 82%, median +15%. 1 year: 91%, median +65%. History is not predictive.
- Breadth in curated $10B+ baskets: healthcare +2.19% , real estate +1.54% , software +1.33% , industrials +0.04% . Semiconductors -0.19% despite most names advancing. The semiconductor ETF proxy was +0.10%.
Easing oil prices supported sentiment as the market extended its rebound from last week's technology-led selloff. Leadership is measured and selective, with stock moves set by company results.
Not financial advice. For informational and educational purposes only.
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