It’s a busy week of earnings, with 48% of the S&P 500’s companies reporting results and setting the tone for the market through the end of the year. In addition to earnings, labor market data will also give investors an update on the U.S. economy ahead of next week’s Fed meeting and rate decision. It’s a lot to digest. 👀

Today's issue covers  Ford’s forecast failing to deliver, a small-cap AI stock’s breakout, SoFi’s earnings setup, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 9 of 11 sectors closed green, with financials (+1.24%) leading and energy (-0.63%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $AMIX, $GLUE, $GNLN, $EVOK, $PRCH 📉 $ISPO, $DG, $SLXN, $NEM, $ICLR*

*If you’re a business and want to access this data via our API, email us.

Those hoping Ford’s latest earnings result would put the stock back on the right track will have to wait another quarter, as the automaker failed to deliver again. 📊

Adjusted earnings per share of $0.49 topped expectations by $0.02, with automotive revenue of $43.07 billion also topping the $41.88 billion expected.

Still, the company guided to the low end of its previously announced 2024 earnings forecast, expecting an EBIT of about $10 billion. It maintained its forecast for adjusted free cash flow of $7.5 to $8.5 billion but left analysts concerned about softening demand, rising vehicle inventories, and inability to achieve its $2 billion in cost cuts. 🔻

Higher inflationary and warranty costs have offset improvements in material, freight, and manufacturing costs…preventing the company from achieving the “record year” it anticipated.

On a positive note, the company’s “Pro” commercial and fleet business, as well as its “Ford Blue” operations showed strength and offset the $1.22 billion in “Model e” electric vehicle losses. Like other automakers, the company still sees an EV future, but has pulled back investments to focus on its hybrid models.

Despite the stock’s lackluster returns over the last year and today’s business update failing to impress Wall Street, Main Street is seemingly sticking with the stock. Stocktwits sentiment remains in ‘bullish’ territory after hours. 🐂

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PROCEPT BioRobotics: Shares jumped 32% after the surgical robotics provider beat third-quarter earnings and revenue estimates. Increased system sales, higher average selling prices, and increased handpiece and other consumable revenue contributed to the beat. 🤖

VFC: Shares soared 23% after the Vans-Parent swung to a quarterly profit and beat second-quarter sales estimates. Investors feel its turnaround strategy is beginning to take hold. 👟

F5: Shares soared 9% after the application delivery and security specialist beat earnings and revenue expectations. Software growth accelerated to 19% YoY, helping drive results. 💻

CVR Energy: Shares plunged 26% after the company’s earnings and revenue missed estimates by a wide margin. Management also suspended the dividend as it tries to get its refining business back on track. 😬

TransMedic Group: Shares fell 23% after earnings and revenue missed expectations due to weak demand, though management touted its strategic expansions in logistics and clinical programs to buoy profitability. 🤷

Koninklijke Philips: Shares dipped 16% after the Dutch medical device giant lowered its sales outlook due to weak demand in China continuing longer than expected. 🌏

Voice AI company SoundHound was one of several speculative small-caps trending in today’s trading session, with the Russell 2000 leading the major indexes.

Stocktwits user @evanmedeiros was one of several traders who pointed out the stock’s breakout from a multi-month base on heavy volume. This momentum thrust will put the stock back on radars’ until it reports on November 12th after the bell. 📈

Other speculative names trending on the day included GameStop, Serve Robotics, Trump Media & Technology, and more! It’s a bull market, you know! 😵‍💫

For more charts & trade ideas like this, get today’s “Chart Art” newsletter. 🎯

ESGold Corp (CSE: ESAU) (OTC: SEKZF) offers a promising opportunity in the rising gold market. With $8M required to finish the Montauban plant, production could start in six months. The stock is gaining momentum, up over 50% this month.

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Disclaimer: This ad is paid for and disseminated on behalf of ESGold Corp (it is sponsored content). We do not own any securities of ESGold Corp. This ad contains forward-looking statements, which are not historical facts. These statements are based on the current beliefs and expectations of ESGold Corp’s management and involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” and similar expressions often identify forward-looking statements. This is not financial advice, please do your own DD. See SEDAR+ for more information.

Neobank SoFi Technologies is one of the most heavily-anticipated earnings reports this week, with a massive retail investor base ready for the company to deliver. With tens of thousands of symbol page views per day and hundreds of messages sent, we expect a sizeable audience for the company’s earnings call tomorrow live on Stocktwits.

So, to help set the stage, let’s look at some technical, fundamental, and sentiment measures being discussed by investors and traders. 👇

Starting with the technicals, the stock is back to an interesting level near $11 where it initially went public in 2020.

Despite strong runs last summer and in early 2024, prices could not break above this level but have recently closed and settled at new marginal highs. Still, it remains an inflection point where either bulls or bears could take control. 😬

Bulls say that despite the stock going “nowhere” since coming public, its fundamentals have improved dramatically since then. Still, analysts will be closely watching the company’s free cash flow figures, which have only been positive for one quarter despite “adjusted profits” growing steadily each quarter. 💵

As for sentiment, despite prices rallying over the last six months, Stocktwits sentiment has ticked back down into “neutral” territory from its previously “bullish” zone. This shows some hesitation on both sides of the trade, with both bulls and bears expecting this earnings report to give them the ammo they need to make their case. 😐

We’ll find out what the stock has in store for investors and traders tomorrow morning. Be sure to add SoFi to your Stocktwits watchlist to be notified when the earnings call goes live on Stocktwits…and we’ll see you there! 🎧

Economic data: Retail/Wholesale Inventories (8:30 am ET), S&P/Case-Shiller Home Prices (9:00 am ET), JOLTs Job Openings (10:00 am ET), CB Consumer Confidence (10:00 am ET). 📊

Pre-Market Earnings: SoFi Technologies ($SOFI), PayPal ($PYPL), McDonald’s ($MCD), Pfizer ($PFE), Caterpillar ($CAT), American Tower ($AMT). 🛏️

After-Hour Earnings: Alphabet ($GOOG), Advanced Micro Devices ($AMD), Snap ($SNAP), Chipotle Mexican Grill ($CMG), Reddit ($RDDT), First Solar ($FSLR), Visa ($V). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

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❌ Elliman’s board pushed Howard Lorber to resign over culture concerns

🚨 VW labour chief sounds alarm on mass layoffs and three German plant closures

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