Okay, the title is a joke. But we did break our win streak today, and if you were leveraged to the hilt, you could have managed to blow yourself up with a small move down. Nonetheless, concerns about tomorrow’s consumer price index (CPI) helped drive some selling as traders and investors locked in gains. 👀

Today's issue covers why Spirit Airlines could not be $SAVE-d, how oil giant Shell won a landmark climate case, and more noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 3 of 11 sectors closed green, with communication services (+0.45%) leading and materials (-1.70%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $STIM, $DSP, $ONMD, $AXSM, $MVST 📉 $SWKS, $AMGN, $RKT, $QSI, $RVPH*

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

Spirit Airlines has been losing altitude since its merger with JetBlue was blocked by U.S. regulators, who argued that merging the two low-cost airlines would reduce choices and raise prices for consumers. ❌

In the quarters since then, the company has been trying to cut costs and take other drastic measures to survive as a standalone airline. Unfortunately, higher fuel and labor costs weighed on margins. Meanwhile, increased domestic airline capacity impacted its top line, dropping pricing and volumes from their 2023 peak.

Now, the company is moving towards bankruptcy after Frontier's hail-mary merger bid fell through. It’s reportedly preparing for advanced discussions with bondholders to find a plan that would have support from most creditors.

The move toward bankruptcy puts common shareholders on the chopping block…or at least at the bottom of the pecking order. As a result, shares fell nearly 50% after the bell, pushing shares back to their all-time lows. 😨

Needless to say, Stocktwits community sentiment is ‘extremely bearish’ as the hopes of a turnaround fall faster than the company’s share price. 📉

Stocks rise and fall. Music plays on.

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Shopify: Shares soared 21% after the Canadian e-commerce company beat earnings and revenue expectations. Management said it’s attracting a growing number of large customers, which helped drive its revenue beat. 🛒

Rocket Lab: Shares rocketed 25% higher after its revenue rose 55% YoY and it secured its first customer for its coming Neutron rocket. A '“confidential commercial satellite constellation operator” signed for two missions in mid-2026”, which the company said was priced “consistent with our target” for the vehicle. It said in the past it was targeting $50 million per Neutron rocket. 🚀

Altimmune: Shares soared 35% after the small-cap biotech reported better-than-expected results and offered upbeat guidance. CEO Vipin Garg highlighted pipeline progress, saying Altimmune plans to start a Phase 3 program of pemvidutide in obesity following a positive end-of-Phase 2 meeting with the FDA. 💉

Cava: Shares rose 16% to new all-time highs after the company easily beat earnings estimates and raised its full-year outlook. Same-store or comparable sales grew 18% YoY, jumping from its 14.4% growth last quarter. Meanwhile, traffic grew 12.9%, above last quarter’s 10% rate. 🥗

Spotify: Shares popped 8% after a better-than-expected profit forecast offset third-quarter earnings and revenue that were below analyst estimates. Monthly Active users (MAUs) rose to 640 million, with subscribers to Spotify Premium rising 12% YoY to 252 million. 🎶

Honeywell: Shares rose 4% to a new all-time high after activist investor Elliott Management revealed a $5 billion stake. It’s calling for a breakup of the industrial giant’s aerospace and automation businesses, which it estimates could drive the stock up 51% to 75% over the next two years. 📨

UnitedHealth: Shares slumped 2% after the Department of Justice ($DOJ) blocked its $3.3 billion acquisition of home health company Amedisys. It says the deal would stifle competition in the space, saying that the companies have acknowledged the benefit of competing against each other in the past. ⛔

Rivian: Shares rose 10% after the company’s joint venture with Volkswagen increased in size to $5.8 billion. The automakers said the first VW models to use Rivian’s software and electrical architecture are set to arrive as early as 2027. ⚡

Amgen: Shares fell 6% after the bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide, concerned analysts. Some analysts are shooting first and asking questions later, while others say more data on a larger group of patients is needed to draw a conclusion. 🕵

IAC and Angi shares fell 13% and 26% on news that the media and internet conglomerate was considering a spinoff to the home improvement marketplace. 😬

23andMe: Shares popped 2% despite the company reporting a sales decline and announcing plans to cut 40% of its workforce and discontinue its therapeutics programs. 🧬

Oil giant Shell just won a landmark case in the Dutch courts, overturning a previous ruling requiring it to reduce carbon emissions by 45%.

While the Hague Court of Appeal agreed that the company was obligated to citizens to limit emissions, it could not establish that Shell had a “social standard of care” to reduce emissions by 45% (or any other amount). ❌

The move overturns a three-year-old case by Friends of Earth and 17,000 Dutch citizens requiring Shell to reduce its CO2 emissions in line with the Paris climate accords. Today’s ruling overturned that case, which, at the time, was the first time a court ordered a private company to align its operations with global climate policy.

It’s a major step back for climate activists and helps give the green light to companies to scale back their climate efforts further. BP and other oil and gas giants have already deprioritized renewable energy projects and reduced carbon emissions, instead focusing on driving profitability with their core operations. 🤑

Ultimately, Shell says it still aims to reduce the carbon intensity of its products by 15-20% by 2030 (from its 2016 baseline) and be a “net zero” emissions company by 2025. And if that’s not fast enough for people, they should lobby governments to change policy rather than individual companies.

The battle is over, but the war is not. These activist groups and industry lawyers will be stuck in perpetual court battles for years and decades, so we’ll have to see when we get the next major update. But for now, drill, baby drill. 🛢

Economic data: Consumer Price Index CPI (8:30 am ET), Fed Logan Speech (9:45 am ET), Fed Schmid Speech (1:30 pm ET), Monthly Budget Statement (2:00 pm ET). 📊

Pre-Market Earnings: Hut 8 Mining ($HUT), HIVE Digital Technologies ($HIVE), Tencent Holdings ($TCEHY), Paysafe ($PSFE)< CyberArk Software ($CYBR), Better Home & Finance ($BETR). 🛏️

After-Hour Earnings: Vaxart ($VXRT), Cisco Systems ($CSCO), Canoo ($GOEV), Sonos ($SONO), Capricor Therapeutics ($CAPR), Nu Holdings ($NU). 🎧

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. 👍

👀 Live from the Nasdaq MarketSite: Stocktwits, eToro, and BlackRock talk retail investor & trader trends for 2025

🆘 Apple wants to help airlines find your lost luggage

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💵 Spirit Aero gets help from Boeing, Airbus to prop up weak finances

🎧 Stocktwits ‘Trends With Friends’ featuring special guests Mike Dudas and Josh Isner

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