The third quarter earnings season is in full swing, with several AI players reporting results this week, including Palantir (PLTR), AMD (AMD), and Supermicro (SMCI). So far, the earnings season is off to a positive start. As of Oct. 31, 64% of S&P 500 companies have reported results, according to FactSet data, and analysts are…
Shares of financial data provider FactSet (NYSE:FDS) fell 4.1% in the morning session after the company reported third-quarter earnings that missed analyst estimates and provided a disappointing profit forecast for the next fiscal year. The financial data firm disclosed adjusted earnings of $4.05 per share, which fell short of Wall Street’s expectation of $4.13 per…
The high-water mark for Wall Street’s S&P 500 (^GSPC) targets has moved up amid the market rally. Oppenheimer chief market strategist John Stoltzfus boosted his year-end target to 7,100 from 5,950 in a note to clients on Sunday night as “progress on trade negotiations removes an uncertainty that had weighed on our market outlook.” The…