Midday update
Midday Friday: Crown Castle is up 11.1% on SpaceX tower talks while Bloom Energy falls 11.6% despite beating and raising.
Midday Friday: Crown Castle is up 11.1% on SpaceX tower talks while Bloom Energy falls 11.6% despite beating and raising. S&P 500 -0.11%, Nasdaq +0.26%.
- $CCI +11.1% ($38.3B market cap): SpaceX is in talks to lease access to up to 80,000 US cell tower sites for a fourth nationwide wireless carrier combining Starlink direct-to-device with ground infrastructure. Crown Castle is among the companies in those talks.
- FCNCA +8.3% and SLB +7.1%: First Citizens beat Q3 non-GAAP EPS by $9.39 at $55.37 and unveiled a $1.2B buyback plan. SLB posted $0.64 adjusted EPS vs $0.62 expected, with data-center-solutions revenue up 23% sequentially.
- BE -11.6% ($56.7B market cap): Q3 adjusted EPS of $0.94 vs $0.69 expected, revenue more than doubled to $1.24B, and FY2026 guidance was raised. Investors focused on negative free cash flow. Across 53 prior 10%+ drops, 73% were higher three months later.
- FIX -7.3%: Comfort Systems beat with $13.91/share on $3.77B revenue and raised its dividend to $1.00. Shares fell after CFO Bill George announced plans to retire.
- Breadth: Energy averages +2.91% with 9 of 10 names up. Consumer staples average -1.81% with all 10 down.
Oil-linked earnings are carrying the tape while defensives lose ground. In Bloom's case, the market is weighing cash generation above headline beats.
Not financial advice. For informational and educational purposes only.
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