NEWS
International Stocks Slip As U.S. Churns

U.S. stocks had a mixed day, with crude oil continuing to rise and precious metals pumping. Foreign stocks took a breather, while consumer staples saw a major boost from Philip Morris’ strong quarterly results. All eyes turn to Tesla earnings tomorrow after the bell to set the tone for the rest of the week. 👀

Today's issue covers emerging weakness in global equity leaders, GM and GE diverging on earnings, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 4 of 11 sectors closed green, with consumer staples (+0.56%) leading and industrials (-1.18%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $ULY, $SGMO, $CYCC, $BTOC, $PM 📉 $TXN, $ENPH, $DENN, $SBUX, $KO*

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

EARNINGS
GM and GE Diverge On Earnings 🤨 

General Motors and General Electric may have similar names, but they do not have similar performance today.

General Motors’ third-quarter adjusted earnings per share of $2.96 and revenues of $48.76 billion topped the expected $2.43 and $44.59 billion. The company also raised its full-year guidance, marking the third straight “triple beat” led by strength in its North American operations. 🚘️ 

Strong pricing in the U.S. helped offset losses in China and YoY increases of $200 million in labor and $700 million in warranty costs. The average transaction price per vehicle remained over $49,000 from July through September.

Shares jumped 10%, and Stocktwits sentiment surged into ‘extremely bullish’ territory following the news. 🐂 

GE Aerospace has been one of the best-performing stocks this year, though it’s giving some of its gains back today. The company’s earnings and revenue both beat expectations, and management raised its full-year guidance. 📈 

Expectations were sky-high coming into the report, with most analysts citing that as the reason for the stock price coming in today. Jeffries analyst Sheila Kahyaoglu noted that defense business profit margins fell 240 bps YoY to 9.8%, causing some concern among the analyst community.

Despite shares falling 9%, Stocktwits sentiment pushed further into ‘extremely bullish’ territory as investors look to ‘buy the dip’ in this YTD market leader. 🛒 

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