Stock Indexes Drop; Palantir Leads Tech Shares Lower; Bitcoin Sinks

A Brokerage Just Rolled Out a New Mortgage-Rate Deal. Here’s How it Works.

Just Now

There’s a new perk for trading stocks: a better mortgage rate on a home loan.

Robinhood (HOOD), known for commission-free trading, is lowering rates for some of its customers. The app’s Gold subscribers can apply for a mortgage that is at least 0.75% below national average rates published daily on mortgagenewsdaily.com through partner Sage Home Loans, and get a $500 credit toward closing costs.

Chief Vlad Tenev, who built the app predicated on “democratizing” investing for the masses, now says he’s trying to lower barriers to owning a home. “The response to our pilot was incredible and we can’t wait to make homeownership more accessible,” he said on social media.

While customers’ specific rates will depend on individual circumstances, such a discount can present meaningful savings.

To buy a house for $410,800, the median price of a home in the U.S. through the second quarter, would require a loan of around $330,000 with a 20% down payment. Per Investopedia’s mortgage calculator, one could pay roughly $1,900 a month at a Gold rate APR of 5.59%, excluding taxes and homeowners insurance. Without the discounted rate, those payments would top $2,000 per month. Over three decades, the savings add up to roughly $57,000.

Read the full article here.

–Crystal Kim

The Typical First-Time Homebuyer Is Now 40 Years Old

13 minutes ago

Housing is so unaffordable and younger adults are so financially stressed, most are now entering their fifth decade of life before they’re able to buy a house.

That’s according to a report by the National Association of Realtors, released on Tuesday, which found the median age of a first-time buyer hit a record high of 40 in 2025. That’s a far cry from the 1980s, when typical first-time buyers were in their late 20s.

The report highlighted how owning a home has shifted from a standard milestone to a nearly unaffordable luxury within a single generation, particularly in the wake of the pandemic. Soaring prices combined with mortgage rates hovering between 6% and 7% in recent months have pushed up monthly mortgage, insurance, and tax payments for newly purchased houses to a median of $3,106, according to the Federal Reserve Bank of Atlanta. That’s nearly double the $1,597 payment in January 2020.

The soaring monthly payment is only one of many financial obstacles. First-time buyers surveyed by the NAR said high rent and student loan payments were hindering their ability to save up down payments. Little wonder that first-time homebuyers only made up 21% of home sales, a record low according to the NAR, and down from around 40% typical before the 2008 housing crash.

–Diccon Hyatt

Here’s What Wall Street Analysts Are Saying About Palantir’s Earnings as Its Stock Plunges

25 minutes ago

Data analytics software maker Palantir is seeing “otherworldly” growth as companies and governments clamor for its flagship Artificial Intelligence Platform, its CEO told investors yesterday. So why is its stock suffering today?

Shares of Palantir Technologies (PLTR) were down 9% around $189 in recent trading, making it one of the leading decliners on the S&P 500 and Nasdaq, a day after the company posted record revenues that blew well past analysts’ expectations and boosted its full-year outlook for the third straight quarter.

Despite the strong results, several Wall Street analysts said they worry Palantir’s stock could be overvalued after a torrid rally this year. Even with Tuesday’s losses, the shares are up some 150% this year, leaving it among the best-performing stocks in the S&P 500 for 2025.

Jefferies analysts said Palantir’s “numbers are great” but called its valuation “extreme” relative to its fundamentals in a note to clients Tuesday. They issued a price target of $70, less than half of its current value.

Analysts at William Blair and UBS, who have neutral ratings for the stock, also voiced concerns Palantir’s valuation would make it one of the more expensive names in software on a free cash flow basis, despite the better-than-expected quarterly results.

Still, longtime bulls at Wedbush led by Dan Ives stood by the stock, saying they were encouraged by the “eye popping” results, and that they’d be buyers of any near-term weakness on a “this is as good as it gets” reaction from the market, with a $230 price target. Bank of America analysts were even more bullish, and bumped their target up to a Street high of $255 from $215, calling Palantir a “best-in-class AI enabler.”

–Kara Greenberg

Wall Street Bigwigs Are Talking About a Big Pullback in Stocks. Should You Be Worried?

34 minutes ago

Some big Wall Street bosses see a stock pullback coming. That doesn’t mean they’re panicking.

Goldman Sachs CEO David Solomon and Ted Pick, of Morgan Stanley, spoke Tuesday during a panel in Hong Kong. Solomon said a 10% to 20% drawdown in equity markets was “likely” in the “next 12 to 24 months,” while Pick suggested that investors should “welcome the possibility” of a 10% to 15% pullback that “are not driven by some macro cliff effect.” (Solomon was reiterating comments made in early October at a conference in Italy.)

Investors didn’t like the sound of that, and markets retreated Tuesday.

The comments were heeded on Wall Street. The tech-heavy Nasdaq Composite dropped nearly 2% when markets opened on Tuesday, and was recently down about 1.6% amid a broad stock slump. AI stocks with high valuations were among those hardest hit. Software maker Palantir (PLTR) dropped 8% despite blowing past estimates and raising its full-year guidance in its third-quarter earnings report yesterday.

But that doesn’t mean it’s time to flee, according to Solomon. “None of us are market timers,” he said of his Goldman Sachs colleagues on Tuesday. The firm’s advice, he said, is to “look at your portfolio allocation and stay invested. And that advice has served people well.”

Read the full article here.

–Colin Laidley

Newspaper Publisher Gannett Rebrands to ‘USA TODAY Co.’

57 minutes ago

TDAY is gonna be the day when I write about a ticker change.

By now, you should’ve somehow realized this isn’t so strange.

(Noel Gallagher, I apologize for bastardizing your lyrics. Please note that I opened up my (Wonder)wallet for Oasis’ reunion tour, and it was worth every shilling.)

Anyway, Gannett (GCI)—the publisher of newspapers the Detroit Free Press, The Des Moines Register, and The Tennessean—announced Tuesday that effective Nov. 18, it will be rebranding to “USA TODAY Co.,” a nod to its most well-known publication. (This maneuver seems awfully familiar ’round these parts.) On that date, its ticker symbol will change to “TDAY” on the New York Stock Exchange (NYSE).

“The new corporate identity and name change leverages the power of the newspaper that brought America together by promoting understanding and fostering unity with a focus on being the trusted digital platform that connects audiences across the country,” Gannett said.

The publisher added that the move “coincides with the launch of USA TODAY’s editorial initiative, USA 250, which honors the 250th birthday of America by creating content that recognizes the country’s past, while celebrating its future, and exploring the beauty of our nation.”

AI Could Stamp Out Inflation—And Crush the Job Market

1 hr 26 min ago

If AI delivers on its promises, the economy of the future could have lower inflation and far fewer jobs.

That’s according to Chen Zhao, chief global strategist at Alpine Macroeconomics, who believes that today’s “jobless profit boom,” fueled by AI expansion, will lead to a low-inflation, low-employment economy in the near future.

“The chances are the surprise will be that inflation will be all lower than 2% by the end of next year,” Zhao said.

Cooling prices would be great for American households—at least for those who manage to stay employed in the AI-driven economy.

Productivity improvements may drive inflation below the Fed’s 2% goal, returning it to about the level it was before the pandemic disrupted global supply chains.

That would be a notable decrease from its current level of about 3%, and would prompt the Fed to lower its key interest rate in an effort to boost demand. (While too-low inflation is a nice problem to have, the Fed aims to keep it around 2% to encourage spending and keep the job market growing.)

Read the full article here.

–Diccon Hyatt

Apple Shares Rise as Tech Giant Reportedly Will Enter Low-Cost Laptop Market

2 hr 2 min ago

On a down day for technology stocks, Apple (AAPL) is an outlier.

Apple shares were up nearly 1% Tuesday while many of its tech brethren are declining sharply. The stock may have been aided by a Bloomberg report that Apple “is preparing to enter the low-cost laptop market for the first time, developing a budget Mac aimed at luring away customers from Chromebooks and entry-level Windows PCs.”

Citing people familiar with the matter, the outlet reported that Apple’s new device, code-named J700, “will target people who primarily browse the web, work on documents or conduct light media editing,” and that the firm “plans to sell the new machine for well under $1,000 by using less-advanced components.”

Shares of the Magnificent Seven member are up about 8% this year, far below the nearly 25% advance of the Roundhill Magnificent Seven ETF.

Hertz Stock Soars on First Profit in 2 Years

2 hr 51 min ago

Shares of Hertz Global Holdings (HTZ) soared 40% Tuesday after the rental car company posted its first profit in two years.

Hertz swung to a third-quarter GAAP profit of $0.42 per shares from a loss of $4.34 per share a year ago, and an adjusted profit of $0.12 per share from an adjusted loss of $0.68 per share. Both topped consensus expectations of analysts surveyed by Visible Alpha.

Aided by expanded retail vehicle sales as part of its “Buy Right, Hold Right, Sell Right” strategy, the Estero, Fla.-based firm also reported revenue that topped estimates at $2.48 billion.

“This quarter proves that we’re delivering on our commitments: driving strong results through focused execution and operational discipline,” Hertz CEO Gil West said. “Throughout this transformation, we’re rebuilding our foundation while sharpening our skills and capabilities, creating a new platform for growth.”

Including today’s sharp gains, shares of Hertz are up nearly 90% this year.

Here’s How Much Traders Expect AMD Stock to Move After Today’s Earnings

3 hr 20 min ago

Advanced Micro Devices is set to report its latest quarterly results after the closing bell today, with traders expecting a big move in the chipmaker’s stock.

Options pricing suggests traders expect AMD (AMD) shares could move up to 7% in either direction by the end of this week. A move of that size from the stock’s recent level around $256 could push shares as high as $274, topping October’s record highs in the wake of a massive deal announced with ChatGPT maker OpenAI. At the low end, it would leave shares around $238, where they were late last month.

Most Wall Street analysts lean bullish on AMD’s prospects, with a majority of those surveyed by Visible Alpha calling it a “buy,” thought the stock has already surpassed their consensus target with its recent gains. AMD’s stock has more than doubled in value this year, with much of its rise fueled by optimism spurred by the OpenAI deal last month.

AMD is seen reporting adjusted earnings per share of $1.16 on a 28% year-over-year jump in revenue to a record $8.76 billion for the third quarter, driven by booming demand for its chips for data centers, its largest revenue segment.

The shares were down about 2% recently amid a broader market decline led by the tech sector as worries about an AI bubble weigh heavy.

–Kara Greenberg

Bitcoin’s Price Hasn’t Been This Close to $100,000 in Months

3 hr 52 min ago

Red October is spilling into November.

The price of bitcoin, the world’s best-known and most-valuable cryptocurrency, earlier today fell more than 3% to its lowest point—below $103,000—since hitting its all-time high price of over $126,000 in early October. The weakness extends declines that began after what is now called the crypto market’s Black Friday in the middle of last month, which helped pull bitcoin down for the month to mark its first red October since 2018.

Whether those declines will turn into a full-on downturn typical for this stage in the coin market cycle, or coax investors back into the mix with lower prices, remains to be seen. So far Tuesday, investors appear to be wary. Crypto’s fear and greed index, which is aimed at measuring sentiment in the market, turned to fear yesterday from a neutral position last week, according to CoinMarketCap.

The falling price of bitcoin—it hasn’t been below $100,000 since May—comes amid mounting outflows in spot bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust (GBTC) collectively saw net outflows of some $1.3 billion since Oct. 29, according to data platform SoSoValue. Roughly $500 million ran out of spot ether ETFs over the same time period.

Read the full article here.

–Crystal Kim

Marriott Stock Rises Despite North American Struggles

4 hr 39 min ago

Shares of Marriott International (MAR) advanced 4% Tuesday morning after the hotel giant reported better-than-expected third-quarter results.

The Bethesda, Md.-based company posted adjusted earnings of $2.47 per share on revenue that increased 4% year-over-year to $6.49 billion. Analysts polled by Visible Alpha had expected $2.39 and $6.43 billion, respectively.

Marriott’s Revenue Per Available Room (RevPAR) growth of 0.5% worldwide also topped expectations, although its U.S. and Canada RevPAR fell 0.4% when analysts were looking for a decline of just 0.02%.

“Marriott’s strong quarterly results underscore the resilience of the hospitality sector amidst an uneven global recovery,” said Brian Mulberry, Senior Client Portfolio Manager at Zacks Investment Management. “International momentum, particularly in the luxury segment, has been a bright spot helping to overcome a little softness in the US revenue per available room (down -0.5%) this quarter.”

For the year, Marriott sees worldwide RevPAR up 1.5% to 2.5%, with the midpoint above consensus, and net rooms growth of 5%.

“The forward guidance was optimistic as well, looking to add around 5% in new rooms pushing them over 1.8 million rooms worldwide,” Mulberry said. “This scale and their strong cost management has produced durable earnings growth and supported a consistent dividend that has upside potential if these results continue.”

Despite today’s gains, Marriott shares remain slightly negative for the year.

Uber Stock Drops on Soft Outlook

5 hr 17 min ago

Uber Technologies (UBER) was one of the worst-performing stocks in the S&P 500 early Tuesday after the ridesharing giant issued a soft adjusted EBITDA forecast for the current quarter.

Uber sees fourth-quarter adjusted EBITDA of $2.41 billion to $2.51 billion, which would represent 31% to 36% year-over-year growth. However, the midpoint of that range is below the $2.49 billion consensus projection of analysts surveyed by Visible Alpha.

For the third quarter, Uber reported earnings well above expectations at $6.6 billion, or $3.11 per share, but that included a $4.9 billion “tax valuation release” benefit. Revenue of $13.47 billion grew 20% from a year ago and topped the $13.27 billion consensus.

Even with today’s 7% decline, shares of Uber have added more than a quarter of their value this year.

Cruise Stocks Fall After Norwegian’s Q3 Revenue Comes Up Short

5 hr 52 min ago

Shares of big cruise lines fell sharply at the open Tuesday after Norwegian Cruise Line Holdings (NCLH) reported a third-quarter revenue miss.

The Miami-based company posted revenue of $2.94 billion, while analysts surveyed by Visible Alpha were expecting $3.02 billion. Norwegian’s net yield of $341.89 also came up short of estimates, although adjusted earnings of $1.20 per share topped expectations of $1.16.

Shares of Norwegian dropped nearly 8%, while those of rivals Royal Caribbean Cruises (RCL) and Carnival Corp. (CCL) fell 5% and 7%, respectively.

For the year, Norwegian shares are down more than 20%, but Royal Caribbean’s are up roughly 15% and Carnival’s are 8% higher.

Denny’s Stock Skyrockets on News Restaurant Chain Being Acquired, Taken Private

7 hr 28 min ago

Denny’s (DENN) agreed to be taken private. Investors are cheering the news.

Shares of the full-service restaurant chain are rocketing 50% in premarket trading Tuesday, a day after it announced it was being acquired by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises for $620 million in cash.

Denny’s, whose shares closed at $4.11 Monday, were trading at $6.15 about 90 minutes before the bell after it announced that its board unanimously approved a deal that would see stockholders receive $6.25 per share in cash for each share of company stock they own.

Denny’s said the deal is expected to close in the first quarter of 2026, and then its shares would no longer be listed on the Nasdaq.

Shares of Denny’s had lost roughly a third of their value this year entering Tuesday.

Stock Futures Point Sharply Lower

7 hr 53 min ago

Futures contracts connected to the Dow Jones Industrial Average were down 0.8%.

S&P 500 futures fell 1.1%.

Nasdaq 100 futures declined 1.4%.