Stocks Mostly Rise as Investors Monitor China Trade Developments, Earnings Results

Casino Stocks Rise as Las Vegas Sands Reports Strong Q3 Results

11 minutes ago

Shares of casino operators rose in early trading Tuesday, a day after Las Vegas Sands (LVS) posted better-than-expected third-quarter results.

The company, which does not operate any casinos in its home base of Las Vegas, reported adjusted earnings of $0.78 per share on revenue that rose 24% year-over-year to $3.33 billion. Analysts surveyed by Visible Alpha had expected $0.63 and $3.04 billion, respectively.

Las Vegas Sands shares soared 12% to lead early S&P 500 gainers, while those of rivals Wynn Resorts (WYNN) and MGM Resorts International (MGM) advanced a respective 5% and 2%.

For the year, Wynn Resorts shares easily lead the trio, having added nearly half their value.

Watch These Tesla Price Levels as Stock Skids After Earnings Miss

42 minutes ago

Tesla (TSLA) shares fell Thursday morning after the company’s quarterly profit came in short of analysts’ estimates, even as it returned to revenue growth following two quarters of declines.

The company reported adjusted earnings of 50 cents per share in the period, missing the average Wall Street estimate of 54 cents a share. Lower EV prices and higher operating costs tied to restructuring and AI investments dented the bottom line. CEO Elon Musk told analysts that Tesla is at a “critical inflection point” as it focuses on its next phase of growth, which will center on “real-world” applications of AI, including self-driving cars and smart robots.

Tesla shares were down 5% at around $418 in the opening minutes of Thursday’s session. The stock, which was the top performer among Magnificent Seven stocks in the third quarter, was up 9% for the year through Wednesday’s close.

After hitting their 2025 high earlier this month, Tesla shares have consolidated within a pennant, a chart pattern signaling a continuation of the stock’s recent uptrend.

However, the price looks set to break down below the pattern in Thursday’s trading session following the weaker-than-expected earnings, suggesting waning bullish momentum and the potential for a near-term pullback.

It’s also worth noting that volume has declined during the pennant pattern, indicating a lack of conviction among buyers and sellers ahead of the company’s quarterly results.

Read the full technical analysis piece here.

–Timothy Smith

American Airlines Stock Rises on Better-Than-Expected Q3 Results, Rosy Q4 Profit Forecast

1 hr 29 min ago

American Airlines Group (AAL) shares were up about 4% less than an hour before the opening bell after the carrier reported stronger-than-expected third-quarter results and issued a rosy current-quarter profit projection.

The Fort Worth, Texas-based airline posted an adjusted quarterly loss of $0.17 per share, narrowed from $0.30 per share a year ago, on revenue that increased 0.3% to $13.69 billion. Analysts surveyed by Visible Alpha had expected an adjusted loss of 27 cents per share on revenue of $13.62 billion.

For the fourth quarter, American sees adjusted EPS from $0.45 to $0.75. Visible Alpha consensus is for an adjusted profit of $0.32 per share.

American also named Nathaniel Pieper its new Chief Commercial Officer, effective Nov. 3. Pieper, who currently is CEO of the oneworld alliance American is a member of, replaces Vasu Raja, who left the carrier back in June 2024.

“By the end of this year, the company expects it will have fully restored its share of indirect revenue that was impacted by its former sales strategy,” the carrier said. “American is now shifting focus to expanding its share of indirect revenue beyond historical levels, which, combined with improved distribution capabilities, is expected to produce meaningful value for the airline.”

American Airlines shares entered the day down about 30% this year.

IBM Stock Sinks Before the Bell After Disappointing Software Revenue

2 hr 30 min ago

IBM (IBM) stock appears to be headed for a sharply lower open.

Shares of the Armonk, N.Y.-based tech firm were down about 7% before the bell after it reported third-quarter software revenue that came in below analysts’ estimates.

IBM reported software revenue of $7.21 billion, while analysts surveyed by Visible Alpha had expected $7.24 billion.

The company’s overall revenue of $16.33 billion and adjusted profit of $2.65 per share topped analysts’ projections, and it lifted its full-year guidance for revenue growth and free cash flow.

“Clients globally continue to leverage our technology and domain expertise to drive productivity in their operations and deliver real business value with AI,” CEO Arvind Krishna said. Our AI book of business now stands at more than $9.5 billion.”

IBM shares entered Thursday up 30% this year.

Stock Futures Mixed, Little Changed

3 hr 11 min ago

Futures tied to the Dow Jones Industrial Average were down 0.1%.

S&P 500 futures were up fractionally.

Nasdaq 100 futures also were up less than 0.1%.