Apple ChatGPT Integration Arrives

Stocks cool off | Tesla earnings | 10y yield is surging

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Welcome Back,

Market Headlines πŸ‘€ 

  • US 10y yield continues to surge with deficit and election risk spooking the bond markets.

  • US existing home sales continue to decline and are on pace for biggest downfall since 1995.

  • Apple (AAPL) launches beta version of its awaited ChatGPT integration with Apple.

  • Apple (AAPL) prepares to launch the new Macbook Air with M4 chips in early 2025.

  • McDonalds (MCD) removes quarter pounder from some locations due to the recent e-coli outbreak from its restaurant.

Earnings πŸ’Έ

  • Tesla (TSLA)

    • EPS: $0.72 beats (exp. $0.58)

    • Revenue: $25.2b misses (exp. 25.4b)

  • Boeing (BA)

    • EPS: $-10.44 misses (exp. $-10.34)

    • Revenue: $17.8b misses (exp. 17.9b)

  • At&t (T)

    • EPS: $0.60 beats (exp. $0.57)

    • Revenue: $30.2b misses (exp. 30.4b)

  • Coca-Cola (KO)

    • EPS: $0.77 beats (exp. $0.74)

    • Revenue: $11.9 beats (exp. 11.6b)

  • International Business Machines (IBM)

    • EPS: $2.30 beats (exp. $2.22)

    • Revenue: $15b misses (exp. 15.05b)

A note from Oxford Club πŸ“£

Man Who Called Nvidia at $1.10 Says Buy This Now...

  • This company signed a major deal with Apple

  • Nvidia has invested more in this one company than any othe

  • And its tech is found in products from Samsung and Google

S&P 500 Heatmap πŸ”₯ 

Recap Around the Street 🧠

Tesla earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

  • Thursday, October 24th: Weekly jobless claims; New home sales

  • Thursday earnings: American Airlines (AAL), United Postal Service (UPS),and Southwest Airlines (LUV)

  • Friday, October 25th: Durable goods;

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