The Weekend Rip
Happy Weekend!

The market endured a hiring recession and suspiciously "noisy" inflation data while Ford torched $20 billion to escape the EV business and iRobot sucked its last bit of dirt in bankruptcy court. Micron earnings sent AI related names flying on Ram demand. Tesla hit record highs on driverless footage despite California legal threats, and DJT Media pivoted to nuclear fusion because social media and Bitcoin apparently weren't speculative enough. Oracle ended the week as TikTok’s new American landlord, providing just enough distraction to cover Nike’s 10% tariff-induced collapse and the DOJ finally dumping the Epstein files.

Let's recap and prep you for the week ahead. 📝

Monday 📉: The S&P 500 and Nasdaq both slumped into a red Monday as the AI bubble started looking a lot like a wet holiday napkin. Ford is lighting $20 billion on fire to pivot away from EVs, while iRobot officially sucked its last bit of dirt into bankruptcy court. To top it off, the Nasdaq-100 is kicking Lululemon to the curb just in time for everyone to realize they can't afford $100 yoga pants in this economy.

Tuesday 📉 : The market fell as unemployment hit a four-year high, signaling a hiring recession while investors waited for inflation data. Tesla reached a record high after footage showed a Model Y driving without a human, while homebuilder Lennar dropped 4% as margins and prices fell. Warner Bros. Discovery rejected a buyout bid from Paramount and Skydance, choosing to stick with its existing plan to sell to Netflix instead.

Wednesday 🐏 : The market slumped again as Oracle’s $10 billion data center dream hit a funding wall and California threatened to ban Tesla sales over its self-driving ads. Micron saved the post-market with a massive earnings beat, signaling that gamers and AI firms will keep overpaying for memory well into 2026. Meanwhile, Congress finally decided to mention healthcare before millions of plans expire, and the nation braced for a prime-time address from the White House.

Thursday ⚛️ : The market bounced back as investors decided to ignore a suspiciously low inflation report that the Labor Department admitted was mostly "noise" from the recent government shutdown. Trump used a prime-time address to rebrand a congressional housing subsidy as a $1,776 "warrior dividend," while his media company DJT pivoted to nuclear fusion in a $6 billion deal that sent shares up 30%. Nike, however, ruined the mood after hours by tanking 10% after tariffs and a 30% collapse in Converse sales proved that even "America First" can't fix a shoe business.

Friday 🎅: Tech stocks led a pre-holiday charge as the market ignored a missing PCE data report to focus on the news that Oracle finally became TikTok’s official American landlord, securing a 15% stake in the newly spun-off U.S. entity. While Nike investors were left nursing an earnings hangover the rest of the world was distracted by the Bank of Japan hitting 30-year high interest rates and the Justice Department finally dumping thousands of long-awaited Epstein case files.

🤩 This week's Stocktwits Top 25 showed outperformance vs. the indexes.

Here are the closing prices: 

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THE BRIEF

Need a concise summary of what's going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.

Earnings This Week

Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week.

Economic Calendar

In addition to the above, check out this week's complete list of economic releases.

Links That Don’t Suck 🌐

🆘 Something big may be coming to town—check out IBD’s guide to the Santa Claus Rally *

Epstein files: Whose names and photos are in the latest document drop?

⚠️ Epstein files: A number of documents, including Trump photo, reportedly removed from DOJ release site

🥶 Disney’s ‘Avatar: Fire and Ash’ disappoints with weak $88 million domestic opening

🥵 Power restored to most in San Francisco after massive outage

🤖 Waymo pauses robotaxi service in San Francisco after blackout chaos — Musk says Tesla car service unaffected

🚣 U.S. Coast Guard 'in active pursuit' of third vessel off the Venezuelan coast

✊ Anthony Joshua knocks out Jake Paul in 6th round to win heavyweight fight

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

Get In Touch 📬

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