The Latest Trump Trade Is Here—And It’s Lifting Quantum Computing Stocks
15 minutes ago
A new White House trade is here.
President Donald Trump’s hands-on approach to publicly-traded companies—sometimes called “state capitalism” or “national capitalism” now reportedly includes quantum computing firms.
The Wall Street Journal reported that the Trump administration is involved in discussions with a handful of companies, promising them federal funding in exchange for equity stakes given to the Commerce Department. The report sent shares of IonQ (IONQ), Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantum Computing (QUBT) sky-high Thursday. Their stocks were up between 5% and 14%. The Defiance Quantum ETF (QTUM), which holds 80-odd stocks, advanced 2%.
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In the meantime, investors awaited further details. The White House, Commerce Department and D-Wave did not respond to Investopedia’s queries in time for publication; IonQ and Quantum Computing said they do not comment on rumor or speculation; a spokesperson from Rigetti said that the company was “continuously engaging with the U.S. government on funding opportunities.”
Quantum computing, which promises to enable speedier and more complex problem-solving relative to classical computers, is among the latest industries to be anointed as vital for the future. That has contributed to extreme price action in quantum computing computing stocks—even before the Journal’s report.
The Trump government has made investments in publicly traded companies one of its hallmarks, with quantum technology representing a new direction. The administration has taken stakes in chipmakers, rare earths and mineral stocks, as well as manufacturing giant Nippon Steel.
Read the full article here.
Tesla’s Stock Is Sliding After Earnings. Next Up: A Big Vote on Elon Musk’s Pay
51 minutes ago
Tesla’s monthslong upward run has slowed. That has investors contemplating what’s next for the stock with a vote on a huge new pay package for its chief just around the corner.
Shares of the EV maker and would-be AI giant were recently down 3%, retreating after the company last night turned in third-quarter financial results that included some upbeat news—a return to year-over-year quarterly sales growth, for example—but also earnings per share that came in lower than Wall Street analysts expected. Tesla (TSLA) CEO Elon Musk used the conference call to restate his longer-term vision, but in the immediate term investors are showing signs of wariness.
Today’s slide cuts into the year-to-date gains the stock had managed after climbing off spring lows. Meanwhile, how to think about Tesla—as a carmaker with global ambitions, a trade on Musk’s aspirations, or something in between—is a familiar topic for investors. In the wake of the Q3 results, the takes of bullish and bearish analysts detail the latest subjects in the debate.
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At Wedbush, analyst Dan Ives—one of the Street’s big Tesla bulls, with a $600 price target that is nearly 60% above the Visible Alpha average near $378 and roughly 40% higher than Wednesday’s close—says the focus was as much on autonomy, robotaxis, and Optimus robots as car sales. (Musk last night said Tesla’s AI strategy is at an “inflection point.”)
“We continue to believe Tesla could reach a $2 trillion market cap in early 2026 in a bull case scenario and $3 trillion by the end of 2026 as the golden AI chapter takes hold at Tesla,” Wedbush wrote. (Tesla’s current market cap is around $1.4 trillion.)
Read the full article here.
Molina Healthcare Shares Tumble on Huge Profit Miss, Outlook Cut
1 hr 32 min ago
Molina Healthcare (MOH) was easily the worst-performing stock in the S&P 500 Thursday, a day after it badly missed analysts’ third-quarter profit projections.
Shares tumbled 20% after the Long Beach, Calif.-based firm reported adjusted earnings of $1.84 per share when analysts surveyed by Visible Alpha had expected $3.79.
In addition, Molina Healthcare slashed its full-year adjusted EPS projection to $14.00 from $19.00, due to what it said was “higher medical cost trend in all segments and, disproportionately, by the unprecedented medical cost trend in Marketplace, which is expected to continue through the end of the year.”
The news also dragged other health insurance stocks, with rival Centene (CNC) down about 6.5%. Shares of both companies are down about 45% this year.
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Casino Stocks Rise as Las Vegas Sands Reports Strong Q3 Results
2 hr 11 min ago
Shares of casino operators rose in early trading Tuesday, a day after Las Vegas Sands (LVS) posted better-than-expected third-quarter results.
The company, which does not operate any casinos in its home base of Las Vegas, reported adjusted earnings of $0.78 per share on revenue that rose 24% year-over-year to $3.33 billion. Analysts surveyed by Visible Alpha had expected $0.63 and $3.04 billion, respectively.
Las Vegas Sands shares soared 12% to lead early S&P 500 gainers, while those of rivals Wynn Resorts (WYNN) and MGM Resorts International (MGM) advanced a respective 5% and 2%.
For the year, Wynn Resorts shares easily lead the trio, having added nearly half their value.
Watch These Tesla Price Levels as Stock Skids After Earnings Miss
2 hr 43 min ago
Tesla (TSLA) shares fell Thursday morning after the company’s quarterly profit came in short of analysts’ estimates, even as it returned to revenue growth following two quarters of declines.
The company reported adjusted earnings of 50 cents per share in the period, missing the average Wall Street estimate of 54 cents a share. Lower EV prices and higher operating costs tied to restructuring and AI investments dented the bottom line. CEO Elon Musk told analysts that Tesla is at a “critical inflection point” as it focuses on its next phase of growth, which will center on “real-world” applications of AI, including self-driving cars and smart robots.
Tesla shares were down 5% at around $418 in the opening minutes of Thursday’s session. The stock, which was the top performer among Magnificent Seven stocks in the third quarter, was up 9% for the year through Wednesday’s close.
After hitting their 2025 high earlier this month, Tesla shares have consolidated within a pennant, a chart pattern signaling a continuation of the stock’s recent uptrend.
However, the price looks set to break down below the pattern in Thursday’s trading session following the weaker-than-expected earnings, suggesting waning bullish momentum and the potential for a near-term pullback.
It’s also worth noting that volume has declined during the pennant pattern, indicating a lack of conviction among buyers and sellers ahead of the company’s quarterly results.
Read the full technical analysis piece here.
American Airlines Stock Rises on Better-Than-Expected Q3 Results, Rosy Q4 Profit Forecast
3 hr 29 min ago
American Airlines Group (AAL) shares were up about 4% less than an hour before the opening bell after the carrier reported stronger-than-expected third-quarter results and issued a rosy current-quarter profit projection.
The Fort Worth, Texas-based airline posted an adjusted quarterly loss of $0.17 per share, narrowed from $0.30 per share a year ago, on revenue that increased 0.3% to $13.69 billion. Analysts surveyed by Visible Alpha had expected an adjusted loss of 27 cents per share on revenue of $13.62 billion.
For the fourth quarter, American sees adjusted EPS from $0.45 to $0.75. Visible Alpha consensus is for an adjusted profit of $0.32 per share.
American also named Nathaniel Pieper its new Chief Commercial Officer, effective Nov. 3. Pieper, who currently is CEO of the oneworld alliance American is a member of, replaces Vasu Raja, who left the carrier back in June 2024.
“By the end of this year, the company expects it will have fully restored its share of indirect revenue that was impacted by its former sales strategy,” the carrier said. “American is now shifting focus to expanding its share of indirect revenue beyond historical levels, which, combined with improved distribution capabilities, is expected to produce meaningful value for the airline.”
American Airlines shares entered the day down about 30% this year.
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IBM Stock Sinks Before the Bell After Disappointing Software Revenue
4 hr 30 min ago
IBM (IBM) stock appears to be headed for a sharply lower open.
Shares of the Armonk, N.Y.-based tech firm were down about 7% before the bell after it reported third-quarter software revenue that came in below analysts’ estimates.
IBM reported software revenue of $7.21 billion, while analysts surveyed by Visible Alpha had expected $7.24 billion.
The company’s overall revenue of $16.33 billion and adjusted profit of $2.65 per share topped analysts’ projections, and it lifted its full-year guidance for revenue growth and free cash flow.
“Clients globally continue to leverage our technology and domain expertise to drive productivity in their operations and deliver real business value with AI,” CEO Arvind Krishna said. Our AI book of business now stands at more than $9.5 billion.”
IBM shares entered Thursday up 30% this year.
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Stock Futures Mixed, Little Changed
5 hr 11 min ago
Futures tied to the Dow Jones Industrial Average were down 0.1%.
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S&P 500 futures were up fractionally.
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Nasdaq 100 futures also were up less than 0.1%.
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