U.S. stocks climbed Tuesday for their fifth advance in seven sessions. Buyers shook off an early dip and carried the major averages toward their highs as chips revived the AI trade.

It’s a big tech earnings week, with Microsoft and Google reporting tomorrow, after the FOMC meets and holds rates where they are, if futures and prediction markets are to be believed.

The S&P 500 rose 0.6% to 7,722.60, while the Dow finished nearly flat at 52,377.57. $QQQ gained 1.3% and $IWM added 1.2%. Five of 11 sectors closed green. Technology led at +1.7%, while Energy lagged at -2.1%.

Reuters reported Anthropic’s IPO filing gave AI and semiconductor shares a relief rally. Crude fell 1.5% as easing oil prices supported risk appetite. Bloomberg reported consumer confidence rose 7.5 points to 91.7, its highest since June, after basically five years of steady downtrend.

Robinhood’s crypto slump offset a record prediction-market quarter after hours. Meta laid out a near-$100B AI financing loop backed by Nvidia and AMD, while Boeing’s production delay crushed shares and JetBlue found relief in liquidity. SoFi and UPS raised the earnings bar, Tesla rode SpaceX hopes, and Google’s quantum work lifted Infleqtion.

Today's Briefing:

Robinhood Markets, the retail brokerage and prediction-market platform, reported earnings Tuesday night, showing revenue growth but profitability fell in Q3. Crypto results burned a hole, and led the stock lower after hours.

The RIP: $HOOD fell 4.9% to $89.96 at 4:24 p.m. ET. Revenue narrowly missed the $1.422B consensus, and GAAP earnings of $0.51 per share missed the $0.56 analysts expected. The firm reported $1.42B of third-quarter revenue, up 12%. Net income fell 14% to $476M, while adjusted earnings slipped 3% to $0.60 per share.

Crypto was the hole. Crypto transaction revenue fell 55%, and crypto trading volume dropped 38% to $50B. Expenses climbed 16% to $739M as Robinhood spent more on marketing, its Trump Accounts launch, and credit-card loss reserves. More trading did not translate into more profit. 🕳️

Prediction markets went the other way. Event-contract revenue jumped more than sixfold to $173M as traders placed a record 16.4B contracts. Total transaction revenue rose 19% to $867M, and adjusted EBITDA hit a record $808M. 🎲

Wall Street was bullish before the report: 87% of 23 covering analysts rated Robinhood a Buy, with an average target of $138.35. J.P. Morgan was more cautious at Hold with a $115 target, while Wells Fargo carried a $120 Hold. The after-hours market sided with the skeptics. 📉

Stocktwits sentiment was split 54% bullish and 46% bearish with normal message volume. One trader said they bailed before the close because seven of Robinhood’s last 10 earnings beats were sold. That warning aged beautifully. 🫡

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Meta Platforms is tapping shareholders for nearly $100B to keep its AI buildout moving. The company outlined an equity plan Monday, then increased the common-stock piece to $25B on Tuesday, pushing the potential total to roughly $97.5B.

The RIP: $META fell 1.6% Tuesday as investors digested a financing plan built from a $25B common-stock sale, $12.5B of mandatory convertible preferred stock, and a future $60B at-the-market program. Bloomberg reported that current long term investors, like institutions, were offered to buy a $25B bucket share sale, and the firesale drew demand for five times the number of shares up for purchase.

There are big names involved: Nvidia will invest $3B in the offering, while AMD will put in another $1B. Both chipmakers are also expanding their technical partnerships with Meta, tying fresh capital to a customer spending heavily on their hardware. 🤑

The AI money loop is getting absurdly efficient: Meta raises cash to buy more compute, and the companies selling that compute help fund the raise. Nvidia gets a larger infrastructure deployment, while AMD gets Helios systems and custom Instinct chips deeper into Meta’s stack. Everybody gets paid, assuming the AI bill eventually does too. ♻️

Boeing, the U.S. plane maker, reported $24.2B of third-quarter revenue and a $116M net loss Tuesday. Revenue rose 4%, but the commercial-airplane business still lost $697M.

The RIP: $BA fell 10.7% after its adjusted loss of $0.34 per share missed the $0.25 loss expected. Executives also said the 737 Max production ramp to 47 jets a month would take longer, putting the company short of its 500-delivery goal.

Boeing generated $464M of free cash flow and ended the quarter with a record $745B backlog. Plenty of orders. The problem is turning those orders into planes and cash without another factory stumble. ✈️

Boeing CEO Kelly Ortberg said the latest 737 rate increase “didn’t go as smoothly” as the last one, according to The Wall Street Journal. The turnaround is moving, but Wall Street wanted cruising altitude. Instead, Boeing handed investors another delay. 🛠️

Further down the runway, JetBlue reported $2.81B of third-quarter revenue, up 21.1%, and raised its full-year unit-revenue growth forecast to 13.5% to 14.5%. $JBLU soared 18.8% despite an adjusted loss of $0.60 per share.

JetBlue CEO Joanna Geraghty told Reuters the airline is not talking with creditors or considering a debt restructuring. With $2.2B of liquidity and about $7B of unencumbered assets, the relief was simple: JetBlue still has runway. 🛫

SoFi Technologies, the digital bank and financial-services app, reported record adjusted net revenue of $1.4B Tuesday, up 44% from a year ago. Net income reached $241M as the company added a record 1.2M members.

The RIP: $SOFI jumped 13.4% after earning $0.18 per share versus the $0.16 analysts expected. Barron’s said it was the stock’s first gain after three straight post-earnings declines.

SoFi raised its 2026 adjusted revenue forecast to $5.04B and introduced a 2027 outlook of $6.4B. It expects adjusted EBITDA to reach $2.24B next year with earnings of $0.90 per share. That is growth with an actual profit attached. 🏦

United Parcel Service, the global package carrier, reported third-quarter revenue of $22.9B Tuesday, up 6.7%. Adjusted operating profit reached $2.1B, while adjusted earnings came in at $1.69 per share.

The RIP: $UPS gained 5.8% after the company raised its 2026 revenue outlook to about $92.6B, adjusted EPS to roughly $7.28, and its free-cash-flow target to about $6.1B. A good sign when a bellwether reports more revenue, fewer costs, bigger forecast. That package was hard to return. 📦

Tesla, the electric-vehicle and robotaxi company, rallied again Tuesday as Wall Street warmed to its autonomy business and the possibility of a combination with SpaceX. Bloomberg reported that both companies formed special board committees to consider a merger.

The RIP: $TSLA ( ▲ 4.05% ) gained 4.0% after rising 5.2% Monday. Barclays upgraded the stock to Buy from Hold and raised its target to $450 from $370, pointing to robotaxi momentum and the SpaceX opportunity. 🚀

Google Quantum AI demonstrated “magic state cultivation” on its Willow processor this month, cutting errors roughly 40-fold. The work attacks one of the biggest resource bottlenecks in useful quantum computing, and smaller names in the space climbed on the news.

The RIP: $INFQ ( ▲ 12.86% ) jumped 12.9% Tuesday as Google’s result revived interest in quantum names. The move was sector sympathy, not a direct deal or technical breakthrough announced by Infleqtion.

Infleqtion builds neutral-atom quantum computers and sensors, a different architecture from Google’s superconducting chips. In September, the company entangled 30 logical qubits using 80 physical qubits on its Sqale system. 🧪

Google proved its magic. The market handed Infleqtion some of the applause. Tuesday produced a 13% move without fresh company news. Quantum enthusiasm travels faster than quantum computers. ✨

15.2K WATCHERS · BROADLY BULLISH · LIGHT ACTIVITY

Critical Metals surged after its court-approved acquisition of European Lithium became legally effective, clearing the way for an all-stock takeover and newly issued CRML shares to begin trading November 6.

49.4K WATCHERS · LEANING BULLISH · LIGHT ACTIVITY

Enphase sank after missing revenue and earnings estimates, then forecast $225M to $255M of fourth-quarter revenue against the $299.8M consensus as weak U.S. and European solar demand dragged on.

14.8K WATCHERS · SHARPLY DIVIDED · LIGHT ACTIVITY

Seagate sold off despite beating revenue and earnings estimates and forecasting up to $4.9B of second-quarter revenue, a harsh reaction for a stock that entered the report after gaining more than 130% this year.

96.9K WATCHERS · LEANING BULLISH · HEAVY ACTIVITY

Visa slipped despite beating revenue and earnings estimates as payment volume rose 9%, processed transactions grew 10%, and the company increased its quarterly dividend 16% to $0.78.

Bearish 🐻 | Bullish 🐮 | It’s Complicated 😵‍💫

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🤖 Four Things Anthropic’s IPO Filing Just Revealed

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📺️ Apple’s New MacBook Pro and iMac Arrive

📈 The best trade idea posted on Stocktwits today, chart included

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