Market Foolery

Nvidia posts big numbers in the 3^rd?quarter, but shares of the chipmaker fall a bit on guidance. Macy’s 3^rd-quarter digital sales can’t save the troubled retailer. The SEC is reportedly working on a plan to require Chinese companies to use auditors overseen by the U.S. or risk being shut out of American stock exchanges. Bill Mann analyzes those stories and weighs in on the early rush of radio stations flipping to “Holiday Music” formats.

Target’s stock hits an all-time high after a blowout 3^rd?quarter. Lowe’s falls despite 3^rd-quarter sales rising 30%. Ron Gross analyzes those stories, as well as the latest vaccine news, and a pair of secondary offerings from cruise lines.

The launch of “Amazon Pharmacy” sends shares of CVS Health, Walgreens, Rite Aid, and GoodRX down 10-20%. Jason Moser analyzes the opportunity for Amazon and the various threat levels for different companies in the industry. Plus, we discuss the latest results from Walmart and Home Depot, outlook for the holiday season, and Home Depot’s lack of a loyalty program for everyday consumers.

Moderna shares hit a new high after promising results from the latest trial of their Covid-19 vaccine. Simon Property Group finalizes a deal to buy rival mall operator Taubman Centers. Home Depot buys HD Supply in a deal worth $8 billion. Bill Barker analyzes those stories, as well as PNC Financial’s deal to acquire the U.S. business from BBVA.

Alibaba racks up a record $75 billion in sales as part of its Singles’ Day promotions. Shares of Wix.com may be falling today but the website creator’s stock has doubled in 2020. Maria Gallagher analyzes those stories, as well as the latest quarter from Edgewell Personal Care.

Lyft shares rise on higher 3^rd-quarter revenue and the promise of food delivery. Aurora Cannabis falls 20% on plans for a secondary offering. Jim Gillies analyzes those stories and shares why Nelnet is his favorite Nebraska company not named Berkshire-Hathaway. Plus, we discuss Veterans Day in the U.S., Remembrance Day in Canada, and Jim’s local connection to the poem “In Flanders Fields”.

Beyond Meat shares fall 20% after a rough 3^rd-quarter report. D.R. Horton wraps up the fiscal year with a strong 4^th-quarter report, and the homebuilder’s outlook for 2021 is even stronger. Jason Moser analyzes those stories and the new partnership between Target and Ulta Beauty.

Promising results from a Covid-19 vaccine in late-stage trials sends the S&P 500 to an all-time high. Bill Barker analyzes the rise of entire categories of stocks (airlines, travel, hotels, cruise lines, etc.) as well as the fall of some “stay-at-home” businesses like Zoom Video and Peloton. We also discuss the latest results from McDonald’s and Berkshire-Hathaway. (Tangents include plant-based burgers, the passing of Alex Trebek, and SNL’s version of “Celebrity Jeopardy”.)

2^nd-quarter revenue for Mercadolibre skyrockets. General Motors sells a surprising (in a good way!) number of trucks and SUVs in the 3^rd?quarter. Match Group continues to dominate the market of digital dating. Jim Gillies analyzes those stories and shares why he likes to ask the question, “What do you hate about this company?” when evaluating a business.

Despite election uncertainty, business continues on Wall Street. Shares of Scott’s Miracle-Gro rise after the company wraps up a strong fiscal year. Global same-store sales were a bright spot in Wendy’s 3^rd-quarter report, but challenges continue. Ron Gross analyzes those stories, as well as Uber and Lyft getting a boost from California’s voters.