Analysts spent last week raising their SpaceX (SPCX) price targets. Investors spent it selling the stock. SpaceX stock fell about 5% Friday, extending a slide that has erased more than $400 billion in market value since its high on Oct. 6, when the company was worth more than $2.3 trillion. It’s now worth less than

Conestoga Capital Advisors, an asset management company, released its third-quarter 2026 investor letter. The letter can be downloaded here. Conestoga Capital Advisors released its third-quarter 2026 investor letter, outlining a shifting macroeconomic backdrop for small-cap equities. After a strong start to 2026, 3Q26 headwinds—including elevated oil prices, persistent inflation, and a September Fed rate hike—drove

Quick Read Chevron returned 150% of its free cash flow to shareholders in 2025, combining $12.8B in dividends and $12.1B in buybacks against $16.6B in FCF. Chevron’s 2026 free cash flow through nine months hit $28.6B, already above all of 2025, as Brent averaged $97 versus $69 a barrel a year ago. January’s 4% raise

Both Bank of America and Roth Capital downgraded Intel to ‘Neutral’ from ‘Buy’. Bank of America also lowered its estimate of the company’s 2030 earnings power. Citi called Intel’s quarterly performance a ‘strong beat’ but said its December-quarter outlook was ‘weak.’ Intel (INTC) shares were on track to wipe out a quarter of their market

Call it the Unflattering 7. Long known as the Magnificent 7 stocks, shares of Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN), Tesla (TSLA), Meta (META) and Google (GOOG) are acting anything but, especially compared to their 52-week highs. Meta and Alphabet are effectively in bear markets, down more than 20% from their 52-week highs,

The Invesco QQQ Trust, which tracks the Nasdaq-100, is poised to end the month lower. Among Asian markets, the iShares MSCI South Korea ETF is down the most this month, declining more than 11% as of Oct. 29. Korean-listed shares of Samsung Electronics and SK Hynix were down about 17% and 20%, respectively, in October.

This week, AI giant Anthropic released its S-1 form, the mandatory filing that companies must make with the Securities and Exchange Commission prior to an initial public offering (IPO). Many investors likely welcomed this news, as there’s definitely broad interest in getting portfolio exposure to the AI lab. Still, investors may recall that there was