Morning Brief
Rotation, Day Two: Qualcomm Sinks 9% as Memory Costs Hit Phones, AppLovin Jumps 20%, and the Dow Leads While Nasdaq Futures Slide
The post-election rotation carries into a second session: Dow futures are up about 0.6%, Nasdaq 100 futures down about 0.8%. Qualcomm beat and fell 9% as...
Gridlock Gets Bought, Data Centers Get Sold: Democrats Take Congress, Dow Futures Jump 2%, and AMD’s 80% Growth Call Meets a Texas Moratorium
Democrats won both chambers, and futures reversed an overnight drop: Dow futures up about 2%, S&P 500 about 1.2%. Bonds and gold rallied on gridlock. AI...
Raised and Sold: Palantir Lifts Its Guide and Falls 8%, Apple Slides on Memory Costs, and a Strike on Qeshm Puts Brent Back Near $106 on Election Day
Palantir grew 96% and raised its year, yet trades down about 7% to 8% on slower bookings. Apple set a September-quarter record and falls about 4% on a lower...
Oil Breaks $100 on Iran Diplomacy: Tech Bounces After the Nasdaq’s Worst Month Since 2025 as Apple and Palantir Face the Cash Test
WTI is down about 4% to near $99 after a report that Trump wants to give Iran diplomacy more time before any new strikes. Nasdaq 100 futures are up 0.6% to...
The Cash Audit Takes Amazon Too: AWS Grows 39%, Cash Flow Burns $42 Billion, and Intel Sinks 25% on a PC Slump
Amazon grew its cloud business at the fastest pace in nearly five years and spent $77.3 billion in one quarter to do it. Nasdaq 100 futures are down more than...
Cash Is the Fifth Audit: Microsoft Is Paid, Alphabet Loses 10% on Negative Free Cash Flow, and GDP Runs 3.4% With the Fed Split 10-2
Microsoft grew Azure 48% and spent less than expected; Alphabet grew cloud 103% and burned $9.07 billion of cash. Nasdaq 100 futures are down about 1.1%, the...
Back to 5%: Confidence Crushes Forecasts, SK Hynix Prints a 632% Profit Jump, and Only the Raise Gets Paid Into the Fed
Consumer confidence came in ten points above forecast Tuesday, and the 10-year is back at 5% this morning even after oil fell. Chips rose 3.60% on Anthropic...
AI Pays in Shares Now: Anthropic Files, Meta Lifts Its Raise to $97.5B With Nvidia Buying In, and Futures Climb Into the Fed
Anthropic’s IPO filing lifted chips 2.82% Monday, and Meta answered by enlarging the biggest equity raise on record, with its own chip suppliers buying....
Brazil Reprices in an Hour, Wall Street Shrugs: EWZ Sinks 25% on Lula’s Win as Oil Eases Into Fed and Megacap Week
Lula won a fourth term Sunday, and Brazilian assets are being repriced at once: the Brazil ETF is down 25% to 27% before the open and the real has lost about...
Below 5% With Brent at $114: Bonds Pick Fear Over Oil as Chips Crash 6.7% and SpaceX Comes for the Carriers
The chip index fell 6.72% Thursday with all 30 members down, and the 10-year had its biggest drop since March 2023, to about 4.96%. Brent settled at $113.17...