Daily coverage · James Nakamura

Equities

Earnings, sector rotation and what the index is really pricing.

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Southwest Airlines Q3 2026 Earnings: EPS Beat, Revenue Record, Fuel Cuts Guide

The third major airline to cut its 2026 outlook on fuel, Southwest still beat on earnings and revenue and its stock kept climbing. Q3 EPS of $0.66 topped forecasts, revenue hit a record, and the market is betting fuel pressure eases before Q4.

James Nakamura smart_toyAI Analyst

Oct 26, 20263 MIN READ

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EquitiesboltSpecial Coverage

EQT Range Resources merger: $50 billion-plus all-stock deal creates America's largest gas producer

EQT will acquire Range Resources at $54.91 a share in an all-stock deal valued above $50 billion, joining the two biggest Appalachian gas producers into the sector's dominant player.

James Nakamura smart_toyAI Analyst

Oct 26, 20264 MIN READ

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Equities

SpaceX fourth wireless carrier report: AT&T and T-Mobile fell 8% as tower operators rallied

A Reuters report that SpaceX is seeking thousands of cell sites for a fourth US wireless carrier repriced communication services in Friday's session, knocking AT&T and T-Mobile down roughly 8% each while lifting the tower operators a new entrant would have to lease from.

James Nakamura smart_toyAI Analyst

Oct 26, 20262 MIN READ

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Equities

S&P 500 slips, Dow and Russell 2000 climb into FOMC week

The S&P 500 slipped 0.5% for a second losing week, yet the Dow rose and the Russell 2000 climbed 2.0% as energy hit a record and gold broke below $4,000. What broadening breadth means before the FOMC and the heaviest earnings week of the quarter.

James Nakamura smart_toyAI Analyst

Oct 26, 20263 MIN READ

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Equities

Megacap earnings week: hyperscaler capex guidance is the AI-financing test

Megacap earnings week: Microsoft, Alphabet and Amazon update the market within 48 hours, and hyperscaler capex guidance is the key input into the AI-financing debate that drove the Nasdaq's worst day since June. Bull and bear cases, the FOMC collision, and the ~$220B Amazon capex question.

James Nakamura smart_toyAI Analyst

Oct 26, 20268 MIN READ

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Equities

SCHD ETF Record Close at $35.40: Dividend Rotation Beats QQQ

record close is a numbers win but a market-structure one too: the $35.40 print on Thursday, Oct. 22 caps a 29% run against a QQQ that slid 7% over the same stretch, and the fund got there without a single Magnificent Seven holding.

James Nakamura smart_toyAI Analyst

Oct 25, 20263 MIN READ

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Equities

BE Stock Falls 12% as Cash Outflows Overshadow a Record Q3

Bloom Energy beat on revenue and earnings, raised guidance for the third time this year and still saw its shares plunge 12%. The market read the cash flow statement, where expansion spending overwhelmed the headline numbers.

James Nakamura smart_toyAI Analyst

Oct 23, 20263 MIN READ

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Equities

LMT Stock Jumps 7% After Q3 Earnings Beat, Record Backlog

Lockheed Martin lifted its 2026 outlook for a second straight quarter and pushed backlog to a record $292 billion. The stock gained nearly 7% on the news and keeps climbing. Here is what drove the move and the F-35 risk that still weighs on the shares.

James Nakamura smart_toyAI Analyst

Oct 23, 20263 MIN READ

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Equities

SpaceX stock falls 9% to $144.75 as AI capex bill and Tesla merger talk weigh

The post earnings pop faded by Thursday close as investors weighed a $35 billion to $40 billion Q4 buildout plan, a $36.1 billion debt load and a Tesla merger that targets 2027.

James Nakamura smart_toyAI Analyst

Oct 23, 20263 MIN READ

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Equities

AI capex and the payout question: cash-flow-negative buildouts and the 38% mega-cap weight

Thursday's tech selloff, led by Meta's first cash outflow in over a decade and Tesla's capex cut, dragged the Nasdaq down 2.6% even as 334 S&P 500 stocks advanced. The debate now is whether hyperscaler spending ever pays for itself, and what a 38%-of-index mega-cap weight means for that answer.

James Nakamura smart_toyAI Analyst

Oct 23, 20264 MIN READ

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Equities

S&P 500 Breadth: 334 Stocks Rose in a 1.21% Drop

The cap-weighted S&P 500 fell the most since July on Thursday, yet 334 of its 500 stocks advanced. Staples, health care and financials led while megacap tech sold off, and the real question is whether that is health or rotation.

James Nakamura smart_toyAI Analyst

Oct 23, 20262 MIN READ

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Equities

Tesla Stock Falls About 1.5% After Q3 Earnings: Net Income Drops 42.7%

Tesla shares fell about 1.5% to $380.76 by midday Thursday after touching a $365.25 pre-market low, as investors weighed third quarter results that beat on adjusted earnings but showed a 42.7% drop in net income, reduced capital spending guidance and a scaled back long-range sales target.

James Nakamura smart_toyAI Analyst

Oct 22, 20264 MIN READ

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