Wall Street Live — Tuesday, October 13

5:20 PM — Applied Materials (AMAT) stock sank after management declined to give a specific industry spending outlook, despite bullish long-term AI and margin targets.

4:46 PM — Clear Street keeps a Buy rating and $115 target on AST SpaceMobile (ASTS). AST depends on SpaceX’s (SPCX) Falcon 9 for launches, which is tight right now. New Glenn (Blue Origin) could help by carrying more satellites (up to 8 vs. 3). AST is still ~6 months ahead of SpaceX; both face launch risks.

4:33 PM — The Treasury imposed more than $1.2 billion in penalties on Bank of America (BAC) for anti-money laundering and sanctions violations, including missed reporting of $5 billion.

4:06 PM — Dow falls as Johnson & Johnson (JNJ) weighs on blue-chip index; S&P 500 ends nearly unchanged as bank earnings disappoint and memory chip stocks slide.

3:52 PM — Nvidia’s (NVDA) Jensen Huang plans ~$2B in European AI deals next week, on top of $8B already invested. In Paris he backed French startups in health, robotics, business tools, and chemistry. He’s touring Europe to speed up local AI.

3:48 PM — Wolfe: MongoDB (MDB) lost CCO Erica Volini & AI product chief Pablo Stern-Plaza. Not surprising but faster than expected. Combining product roles should stabilize things (other leaders stay). Watching for issues but management confident. Still Outperform as key AI data asset.

3:44 PM — Split jury verdict finds ARM breached Qualcomm’s (QCOM) long-standing license deal and interfered with META, awarding only $2 in nominal damages.

12:09 PM — GTA VI launches on PS5 and Xbox on November 19, 2026. Rockstar (TTWO) plans the PC version for early 2027 (first three months), much sooner than GTA V. This helps reach more players and supports mods and online roleplaying.

12:05 PM — Boeing (BA) delivered 57 planes in September 2026, its best month this year. That included 43 of its popular 737 MAX jets. A big order from Turkish Airlines helped push total new orders to 165. It still delivered fewer than Airbus but got way more orders.

12:02 PM — SSR Mining (SSRM) buys Roxmore Resources for about $464M cash. This adds the nearby Converse gold project, 6km from its Marigold mine in Nevada. It could add 150-170k oz of gold a year from 2033, with over $200M in savings. No big spending until the early 2030s.

11:53 AM — CSG NA, controlled by Michal Strnad, buys a 9.5% stake in MDA Space (MDA) valued at US$434 million as it expands into the space sector. 

11:36 AM — Enerflex (EFXT) to supply over 1 gigawatt of dedicated natural gas power for a major data center. Combined awards push its behind-the-meter backlog past 1.75 GW.

11:18 AM — Cipher Digital (CIFR) shares fell 15% after proposing an $850M private offering of 0% interest convertible notes due 2032 (plus optional $150M). Proceeds fund projects, HPC expansion, and capped calls to limit share dilution on conversion.

11:14 AM — Ollie's Bargain Outlet (OLLI) approved a new $500M share buyback, bringing total capacity to ~$561M. CEO says it shows confidence in long-term growth and strong cash flow, while still investing in stores. Since 2019, they've returned $679M to shareholders.

11:11 AM — Albertsons' (ACI) Q2 profit plunged to $51.5M from $168.5M. Sales nearly flat, same-store down 0.8%. Company paused its 2026 forecast and launched a full business review to cut high costs and boost performance.

10:08 AM — AST SpaceMobile (ASTS) hit by Piper Sandler downgrade as SpaceX (SPCX) spectrum buy raises concerns over competition and satellite launch capacity.

09:51 AM — JPMorgan downgraded Allient (ALNT) to Neutral from Overweight, keeping the $120 target. The stock has jumped 90%, so upside to this year’s and next year’s estimates is already priced in. Valuation looks full, the analyst says.

09:47 AM — BofA downgraded Pershing Square (PS) to Underperform from Neutral, cutting its target to $38 from $54. It lowered 2026-2028 profit forecasts due to a PSV launch delay and slightly lower long-term return assumptions, and reduced its valuation multiple for slower growth to align with other asset managers.

09:43 AM — Truist upgraded VF Corp (VFC) to Buy from Hold, target $20 (from $14). Piper Sandler also upgraded. Vans set to recover as fashion shifts from athletic styles and new products gain traction. Retailers fill Nike (NKE) gaps. Better growth outlook and high short interest boost upside.

09:37 AM — Dow surges 400 points at the open on strong Goldman Sachs (GS) earnings, while chip stocks come under pressure.

09:24 AM — Bumble (BMBL) will be acquired by Ithaca Holdings for $1.3 billion. Common shareholders get $6.05 cash per share amid industry headwinds.

09:09 AM — Fermi (FRMI) and AMD team up on Project Matador, with credit support for 222 MW and plans to expand up to 650 MW of AI infrastructure.

08:47 AM — Citigroup (C) exceeded Wall Street estimates with 40% higher Q3 profit, driven by services, wealth, and investment banking amid volatile markets.

08:21 AM — Equities revenue jumped 72% as Goldman Sachs (GS) reported Q3 net revenues of $18.68 billion and EPS of $17.01, topping forecasts.

08:02 AM — Domino’s (DPZ) stock dropped ~2% premarket as US same-store sales rose just 0.3% (missed forecasts), signaling weak demand at existing stores. Profit/revenue beat thanks to supply chain and new stores, but soft sales drove the selloff.

07:55 AM — BioNTech (BNTX) reports that BNT113 plus pembrolizumab did not meet the progression-free survival endpoint in its Phase 2/3 trial for HPV16-positive head and neck cancer. The study continues for overall survival.  

07:36 AM — Wells Fargo (WFC) shares fell ~1-1.5% premarket after Q3 results. Profits beat estimates, but revenue and interest income missed forecasts. Investors focused on the weaker sales figures.

07:29 AM — JPM reported $15.3B net income ($5.57/share), below consensus. Managed revenue $50.9B (+8%). Markets strong but investment securities loss weighed on results.

06:58 AM — Strong Tremfya growth helps Johnson & Johnson (JNJ) beat third-quarter profit and sales forecasts. Geopolitical issues and China pricing pressure slow device sales. Outlook increased.

06:28 AM — BofA keeps Buy and $370 target on Apple (AAPL). iPhone 18 Pro and Pro Max are shipping faster than last year so far. Supply is ramping, but tougher comparisons are ahead from the staggered launch and higher prices. Focus turns to Duo pre-orders this week to gauge premium demand.

06:26 AM — Barclays upgraded Viking (VIK) to Overweight from Equal Weight and raised its target to $102 from $90. River levels are recovering, and shares fell ahead of earnings, a potential clearing event. Long-term, its competitive edge looks stronger, with good risk/reward now.

06:24 AM — Kroger (KR) will cut about 3,000 corporate jobs over the next three years to simplify its operations, use new tech, invest more in store workers, and lower prices. Sales growth is slow as shoppers buy fewer items amid inflation and reduced SNAP benefits.

06:21 AM — Citi says a $1B company value for Bumble (BMBL) (the amount WSJ reported as a possible buyout price) implies $6.10/share. This comes amid tougher competition in online dating. Citi rates Bumble Neutral with a $3.20 target. The stock closed Monday up 50% at $3.80.

06:17 AM — UnitedHealth Group (UNH) raised full-year 2026 guidance after beating Q3 profit expectations, citing tighter medical spending and stronger Optum margins.

06:05 AM — Before Market Open: JPM, JNJ, UNH, GS, WFC, C, DPZ, ACI, FBK.

06:00 AM — Dow set to rally while Nasdaq retreats amid bank earnings; AI trade takes center stage as Kospi plunges over 5%.