I have been writing about the k-shaped economy this week but we’re increasingly in a k-shaped stock market. The S&P 500 hit a record this week but yesterday, 9% of stocks in the S&P 500 hit a 52-week low.
This is a market that’s being carried by some Mag7 names and the AI trade.
AbbVie (ABBV) — Fell 1.6% after another weak quarter in its aesthetics segment despite strength in new anti-inflammatory drugs.
Amazon (AMZN) — Up 13.5% on strong earnings ($1.95/sh vs. $1.57 est.) and $180.2B in revenue, beating expectations.
Apple (AAPL) — Added 2% after topping Q3 earnings and revenue forecasts and guiding for a strong holiday quarter.
Brighthouse Financial (BHF) — Soared 24% after FT said Aquarian Holdings is in talks to buy and take the insurer private.
Charter Communications (CHTR) — Fell 5% as EBITDA missed ($5.56B vs. $5.61B est.), offset by slightly better revenue.
Chevron (CVX) — Gained 1.5% as profits from the $53B Hess acquisition lifted oil output and cash flow.
Cboe Global Markets (CBOE) — Up 1% after beating Q3 estimates and announcing a business realignment and asset sales.
Dexcom (DXCM) — Dropped 12% after management warned 2026 revenue growth could trail Wall Street’s 15% forecast.
Exxon Mobil (XOM) — Shares down 0.8% despite beating Wall Street expectations for a sixth straight quarter, driven by new oil production in Guyana.
Intuitive Machines (LUNR) — Up 5% after an $8.2M Air Force contract extension for nuclear spacecraft power systems.
Netflix (NFLX) — Up 1.3% premarket; approved a 10-for-1 stock split and reportedly exploring a bid for Warner Bros. Discovery assets.
Newell Brands (NWL) — Sank 18% on weak earnings and guidance cut; now expects EPS of $0.56–$0.60 and revenue down 4.5–5%.
Nvidia (NVDA) — Flat; CEO Jensen Huang said he still hopes to sell Blackwell chips to China but has no near-term plans.
Ramaco Resources (METC) — Up 13% after signing a deal with the U.S. Energy Department to advance rare earths mining.
Strategy (MSTR) — Climbed 6% after revenue ($128.7M) topped estimates, helped by bitcoin exposure and software growth.
Twilio (TWLO) — Surged 11% as Q3 results beat estimates ($1.25/sh on $1.3B revenue vs. $1.08/sh est.).
Western Digital (WDC) — Gained 9% after earnings ($1.78/sh on $2.82B revenue) beat expectations.