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28.10.26 - 18:03
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Futures Rise As Hynix-Fueled Memory Mania Revives AI Trade Ahead Of Fed, Big Tech; Oil Jumps (ZeroHedge)
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Futures Rise As Hynix-Fueled Memory Mania Revives AI Trade Ahead Of Fed, Big Tech; Oil Jumps
US futures are higher, if only in Nasdaq terms, as a memory-chip frenzy sparked by SK Hynix's blowout results revives the AI trade ahead of today's Fed decision and tonight's Alphabet and Microsoft earnings, while oil jumps after the WSJ reported the US told Gulf allies to prepare for a short, intense military campaign against Iran after the midterms; as a result the 10Y yield is back above 5%. As of 8:00am ET, S&P futures are up 0.2% while Nasdaq futures rise 0.6% and Dow futures slip 0.1%, a day after the S&P closed 0.6% higher at 7,723 and the Nasdaq 100 jumped 1.3% for its best day in over a month (even if roughly 60% of S&P names closed lower). In premaret trading memory names lead the way, with Micron and Sandisk both up about 4%, while Alphabet tops the Mag 7 after a report that OpenAI intends to buy Google's AI chips; on the other side, Robinhood, NXP and Enphase tumble after di...
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28.10.26 - 16:42
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200,000 Robinhood Customers Now Let AI Trade for Them (24/7 Wall St.)
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Robinhood just launched AI agents that can trade on your behalf without asking permission, and customers are already moving real money in. But after-hours investors punished the stock anyway, and the reason tells you something important about where agentic trading actually stands....
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28.10.26 - 15:42
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Robinhood Slides, Wendy′s Rallies | Stock Movers (Bloomberg)
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Robinhood (HOOD) is declining after the brokerage reported third-quarter earnings per share that missed consensus estimates.
- Etsy (ETSY) shares are gaining after the online retail company reported third-quarter results that beat expectations on key metrics. It also announced that its CFO Lanny Baker will depart to pursue opportunities outside of Etsy.
- Wendy's (WEN) shares are moving higher on news Nelson Peltz's hedge fund Trian Fund Management is offering to buy the fast food chain for around $1.4 billion. (Source: Bloomberg)...
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