Track market-moving stories before they get noisy

EWING, N.J. & INGOLSTADT, Germany--(BUSINESS WIRE)---- $OLED #OLED--UDC and Audi celebrated ten years of OLED technology in Audi production vehicles.

ROCHESTER, NEW YORK, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading producer of mission-critical space optics, today announced nearly a 2x year-over-year increase in commercial satellite laser optics production volume shipping in 2026 over 2025. 

Satellite communication is accelerating rapidly. This growth is driven by record demand for airplane Wi-Fi, cruise ship video calls, and new U.S. regulatory approvals announced this month that open up massive opportunities to connect standard mobile phones directly to satellites.

"Following this milestone, we have arranged to ship not only our scheduled order quantities but also our on-hand reserve product in inventory," said Matt Carey, VP of Business Development. "Scaling production to get ahead and keep some in reserve requires unprecedented systemization of our precision craft that involves producing amazing optics accurate to 1/3,000th the thickness of a human hair. To put our tolerances in perspective, even body heat walking past a work center can distort dimensions and ruin them. These optics must capture signals the size of a baseball from hundreds of miles away while orbiting Earth at 17,000 mph."

With near-ubiquitous global coverage on the horizon, Syntec Optics remains positioned at the cutting edge of precision-engineered products, ready to scale alongside the world's leading low Earth orbit constellations.

Dean Rudy, CFO, added, "Our industrial engineering efforts are paying off. With increased volume, we are also containing costs and increasing efficiencies. As announced last quarter, our adjusted EBITDA has expanded to double digits, allowing us to fund announced organic growth through operating cash flows. We maintain significant open capacity, with our existing facility capable of supporting top-line growth without requiring new infrastructure. Consequently, the $14 million in cash reported on our balance sheet last quarter remains unused."

Syntec has continued to announce various other Space product lines this fall for collision-avoidance, reconnaissance for defense-dedicated satellites, and Artemis III rocket actuators. Our products last eight years or more, creating a large backlog of over $200 million in space as we tap into widely available capacity in our existing facility.

Macro-analyses at McKinsey and the World Economic Forum estimate a steeper growth of the space economy reaching $1.8 trillion by 2035 as non-traditional industries (defense, agriculture, logistics, and retail) increasingly integrate space-enabled data.

About Syntec Optics

Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced connected-battlefield defense platforms, AI data centers, and life sciences. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $20 trillion of the $111 trillion in total worldwide production as of 2024—Syntec Optics remains positioned at the forefront of the modern optical revolution.

For more information, visit syntecoptics.com.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.

For further information, please contact:

Investor Relations

[email protected] 

SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)

Meridian Investment Counsel Inc. lowered its position in Apple Inc. (NASDAQ: AAPL) by 12.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,992 shares of the iPhone maker's stock after selling 8,909 shares during the period. Apple comprises approximately 4.6% of Meridian

Sowell Financial Services LLC boosted its stake in Meta Platforms, Inc. (NASDAQ: META) by 4.3% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,700 shares of the social networking company's stock after acquiring an additional 1,584 shares during

Meta just unveiled a new class of stock that lets Zuckerberg raise capital without giving up a single vote, and it arrived alongside a quarter that sent shares tumbling on a billion-dollar surprise. What this means for outside shareholders is…

Meta Platforms (NASDAQ:META | META Price Prediction) is restructuring its capital structure. Along with third-quarter results, Meta announced a new non-voting Class C common stock, effective January 2027. Shares trade at $662.49, down 5.02% today.

The 24/7 Wall St. price target for Meta sits at $822.91 over the next 12 months, implying 24.2% upside. The stock earns a buy rating with high confidence from the model.

Metric Value Current Price $662.49 Price Target from 24/7 Wall St. $822.91 Upside 24.2% Recommendation BUY Confidence Level 90% CFO Susan Li said the shares are meant to be “usable for capital raising, employee compensation, acquisitions, other general corporate purposes while preserving the voting power of existing Class A and B shareholders.”

She added that Meta has “no specific financing plans to announce at this time.” Coverage described the move as a way to keep Zuckerberg in control and in California. For outside holders, the practical question is future dilution, since Meta now has a currency to fund AI spending without reducing founder control.

A $9.9 Billion Charge and Negative Free Cash Flow Hit Shares Meta is down 10.18% over the past week and 10.62% over the past month, leaving it up just 0.61% year to date. Shares sit 15% below the 52-week high of $779.82 and 27.6% above the low of $519.37.

Q3 revenue rose 26.07% to $64.60 billion, beating the $63.39 billion consensus. GAAP EPS of $3.83 missed expectations of $5.70 because of a $9.89 billion teen mental health settlement charge. Excluding it, EPS would have been $7.40. Capex of $34.91 billion pushed free cash flow to -$2.12 billion, and the negative free cash flow drove today’s selloff.

Why Bulls See $857 and Beyond Advertising remains a cash machine. Ad pricing rose 14% and impressions climbed 10% across 3.64 billion daily active people. Q4 revenue guidance of $73 billion to $76 billion signals acceleration.

Zuckerberg expects to improve Muse’s compute efficiency “by more than 10x in the next year,” and new AI businesses could start adding revenue in 2027. The bull case hits $857.79, or 29.5% upside.

Dilution and Cash Burn Are the Risks Worth Watching Operating margin fell to 20% from 40%, and total youth litigation exposure stands at $18.59 billion with more trials ahead. Debt has hits $83.7 billion. Class C issuance could reducing holders who have no vote.

Still, the margin drop mostly reflects a one-time charge, and cash and marketable securities of $82.4 billion give Meta room to operate. The bear case of $716.27 still sits above today’s price.

How Meta Compares to Alphabet and Snap As the closest AI and advertising competition, Alphabet (NASDAQ:GOOGL) already uses non-voting Class C shares. It set up an at-the-market program for up to $40 billion in Class A and Class C stock, which is a template for how Meta could use its new class. Alphabet’s lower P/E is inflated by a $99.03 billion equity gain, while its higher P/FCF multiple makes Meta’s look reasonable.

Snap (NYSE:SNAP) gives public investors only non-voting Class A shares and faces the same youth-safety litigation. It remains unprofitable, so Meta’s earnings power justifies a premium.

Company Trailing P/E P/FCF Latest Revenue Growth Meta 25x 33x 26.07% Alphabet 15x 57x 24.23% Snap Negative 21x 18.89% Meta has the fastest growth of the three and sits in the middle on cash-flow valuation, so our target looks reasonable relative to peers.

Meta Price Prediction 2026-2030 The 24/7 Wall St. price target of $822.91 carries a buy rating at 90% confidence. What tips the scale is 26.07% revenue growth behind a one-time legal charge.

The rating gets stronger if Q4 lands within guidance and Muse costs fall. It weakens if Meta issues large blocks of Class C stock before its AI revenue grows.

Year Price Target from 24/7 Wall St. 2026 $822.91 2027 $898.71 2028 $981.49 2029 $1,071.90 2030 $1,170.64 The projections rest on Meta continuing to carry out its current strategy. Largest Class C dilution or more litigation losses could pull results lower, and faster AI monetization could push them higher.

Much of that monetization depends on the picks-and-shovels suppliers driving the data-center expansion, which we profiled in a free report on seven AI infrastructure stocks that aren’t chipmakers.

Contact [email protected] for any questions or corrections.

Meta Platforms said it will look to raise up to $95 billion to help fund its massive investments in artificial-intelligence infrastructure and personal superintelligence.

By

You're currently following this author!
Click to unsubscribe from email alerts.

and

Theron Mohamed

You're currently following this author!
Click to unsubscribe from email alerts.

Meta CEO Mark Zuckerberg is among the most prominent figures in the AI race.

Finn Gomez/Getty Images

Meta is tapping investors for up to $95 billion to fund its huge AI build-out.

The tech giant said in a Monday filing that it has launched about $35 billion in equity offerings, comprising around $22.5 billion of Class A common stock, and $12.5 billion in depositary shares representing preferred stock.

The parent company of Facebook, WhatsApp, and Instagram also said it was planning a $60 billion at-the-market offering once its Class C shares begin trading in the first quarter of 2027.

In an at-the-market offering, a company sells shares gradually into the market at the prevailing market price, instead of as a large block at a fixed price.

Meta said last week that it would introduce the new share class to help founder and CEO Mark Zuckerberg access the liquidity he may need to pay California's proposed wealth tax without having to sell existing shares and erode his voting control over the company.

"AI is creating significant opportunities for Meta across its core business and new products and services," the company said in a press release.

"Meta is investing to expand the infrastructure and compute capacity needed to support these opportunities and to bring personal superintelligence to billions of people and businesses," it added.

Nvidia, AMD, and Broadcom have each expressed an interest in buying up to $5 billion of the common stock being offered, but those indications aren't binding, so they might buy more or less, Meta said.

Meta stock swung during Monday's premarket from 2% in the green to 0.4% in the red.

Meta is spending heavily on AI infrastructure as it develops consumer AI products and pursues Mark Zuckerberg’s goal of "personal superintelligence."

The company said it expects to incur $135 billion to $145 billion of capital expenditures this year. It highlighted $97 billion of operating cash flow for the first nine months of this year, and the roughly $82 billion of cash and other liquid assets it held at the end of September.

Meta's revenue jumped by 26% to around $65 billion last quarter, but its operating income shrank by 37% to $13 billion as costs surged from about $31 billion to $52 billion.

Read next

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

Robert Scammell

You're currently following this author!
Click to unsubscribe from email alerts.

Robert Scammell is a senior editor working at Business Insider's London bureau, overseeing the tech team's coverage of companies such as Google, OpenAI, SpaceX, and Meta.He is also the editor of Vibe Mode, Business Insider's weekly newsletter on all things AI coding. Before joining Business Insider, Robert was the editor of the tech publication UKTN. 

Theron Mohamed

You're currently following this author!
Click to unsubscribe from email alerts.

Theron Mohamed is a London-based correspondent on the International team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team then the broader International team. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, and other elite investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at [email protected] and follow him on X @theron_mohamed.

Meta

AI

A high-quality company will typically create tremendous long-term value, sending its stock price soaring into the hundreds or even thousands of dollars. As a result, investors with small portfolios could find themselves priced out of owning one full share, which is why the company might decide to execute a stock split.

Stock splits work by increasing the number of shares in circulation, which reduces the price per share by a proportionate amount. The adjustment is entirely cosmetic, so it doesn't change the value of the underlying company. Facebook parent Meta Platforms (META -0.96%) just announced it will execute the equivalent of a 2-for-1 split by introducing a new class of shares.

Investors who currently own a single Meta Class A share worth $650 will end up with two shares after the record date: one Class A share with voting rights, and one Class C share with no voting rights, presumably worth $325 each. The prices I've described are merely hypothetical, because we don't know where Meta will be trading when the split eventually happens in January 2027.

In any case, Meta is likely to continue creating substantial value for investors over the long term. The company has a market capitalization of $1.65 trillion as I write this (Oct. 23), but here's why I think it could cross the $3 trillion milestone within the next few years, joining an exclusive club that currently only includes Nvidia, Alphabet, Microsoft, and Apple.

Image source: Getty Images.

Artificial intelligence is transforming Meta's social media apps
Meta's portfolio of social media apps includes Facebook, Instagram, Messenger, WhatsApp, and Threads. During the third quarter of 2026 (ended Sept. 30), a record 3.64 billion people used at least one of them every single day. That number represents almost half of the world's population, so it's getting harder for the company to find new users, especially sincee its apps are banned in populous countries like China.

As a result, Meta is focusing on engagement instead. If each existing user spends more time online, they will see more ads and generate more revenue for the company. Artificial intelligence (AI) plays a central role in this strategy by powering Meta's recommendation algorithms. It learns what type of content users like to see and shows them more of it to keep them locked in. It's working, because chief executive Mark Zuckerberg said engagement hit new record highs on Facebook and Instagram during the third quarter.

But Meta's AI strategy is evolving beyond social media entirely. The company launched a personal AI agent called Muse in September, and it has already attracted more than 10 million users. Zuckerberg says more than one-quarter of them are using it as a personal shopper, with an average purchase size of $200. Managing emails and calendars are other common use cases so far.

Zuckerberg wants Muse to eventually serve billions of people, who he hopes will use it to improve every facet of their lives -- whether they want relationship advice or want help building a business. This will significantly expand Meta's addressable market by creating an opportunity to divert internet traffic from entrenched platforms like Google Search.

META Meta Platforms$642.62-$6.23 (-0.96%)

NASDAQ · As of 4:00 PM ET 10/23/26

Meta is growing rapidly, but AI spending is becoming a headwind
Meta generated $64.6 billion in total revenue during the third quarter, a 26% increase from the year-ago period. It was a strong result, but the company's bottom line is drawing more attention right now.

Meta spent $72 billion on building AI data centers in 2025, and it's on track to spend up to $145 billion this year. Capital expenditures can't be deducted up front because data centers have a useful life of several years, so the company has to depreciate the infrastructure over time. That means the money it spends today will affect its earnings in 2027, 2028, 2029, and beyond.

The impacts are already showing up, because Meta's third-quarter expenses soared by 68% year over year to $51.6 billion. That included a $9.9 billion charge from a legal settlement, but most of the growth was driven by AI infrastructure costs, including depreciation, cloud spending, and data center operations.

Meta still delivered a generally accepted accounting principles (GAAP) profit of $9.8 billion during the quarter, more than tripling from the year-ago period -- but only because the company took a one-time tax hit of $15.9 billion in the third quarter of 2025. Without that, Meta's recent Q3 result would have represented a year-over-year decline of 47%.

Meta's mathematical path to the $3 trillion club
Based on Meta's trailing 12-month GAAP earnings of $29.33 per share, its stock is trading at a price-to-earnings (P/E) ratio of just 22.1. The Nasdaq-100 index has a P/E ratio of 30.2, so Meta looks heavily undervalued compared to a basket of its big-tech peers.

Moreover, Wall Street's average forecast (provided by Yahoo Finance) suggests Meta's earnings could grow modestly to $33.82 per share in 2027, placing its stock at a forward P/E ratio of 18.7.

META PE Ratio data by YCharts

That suggests Meta stock would have to soar by 61% over the next 12 months or so just to match the P/E of the Nasdaq-100, which is possible given its P/E was over 30 for a significant part of the last decade. That alone would see Meta's market cap rise to $2.66 trillion, so even modest revenue growth of 13.5% in 2028 would be enough to justify a $3 trillion valuation.

There is no guarantee Meta's P/E will rise to 30.2, but I think it could get there if it shows a phenomenal return on investment on its AI infrastructure spending through the continued success of products like Muse. Alternatively, pulling back on capital expenditures would significantly prop up its earnings, and this is a strategy Zuckerberg used in 2022 when the company's virtual reality spending was getting out of hand.

Nevertheless, even if Meta doesn't join the $3 trillion club by 2028, I think it's likely to get there in the long run.

Kingswood Wealth Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ: TSLA) by 10.6% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,685 shares of the electric vehicle producer's stock after purchasing an additional 4,284 shares

Count Tesla (TSLA) among the famous megacap growth stocks that don't pay dividends. Investors waiting on Elon Musk to change that tune are likely to be waiting for a while.

Crude oil is moving the downside, though comments from Elon Musk on neoclouds pressures are keeping negative tech sentiment alive to start a crucial trading week. Kevin Green explains why the comments continue to hit CoreWeave (CRWV) and Nebius (NBIS) as Nasdaq-100 (NDX) futures attempt to pull ahead into the opening bell.

Tesla is down big this year, burning through billions in R&D, and facing a Wall Street consensus that barely sees any upside. Yet one bold target suggests the stock could nearly double by 2030, and the case for it rests…

Tesla (NASDAQ:TSLA | TSLA Price Prediction | TSLA Price Prediction) delivered 486,532 vehicles last quarter. It also reached 1.74M active FSD subscriptions and started unsupervised Cybercab rides in Austin. Still, the stock is down 16.71% this year and closed at $374.58.

On the Q3 call, Elon Musk said, “I think we’re now headed for a lot of fun and significant growth.” My question is whether Tesla can reach $700 by 2030.

What’s Holding Tesla Back Right Now Spending is the problem. Q3 operating income dropped 55.79% year over year to $718 million, while R&D rose to $2.76B from $1.63B. Revenue was flat, with a change of -0.17%.

The WSJ summed up the quarter as profit falling because batteries are limiting growth (WSJ). Management also raised its capex guidance for the year to roughly $20 billion.

The stock lost 3.08% on October 22 and is down 1.14% over the past month, even after a 3.35% gain over the past week. With a beta of 1.916, these moves are normal for Tesla.

Wall Street Sees 6.2% Upside. I Think That Is Too Timid The consensus target of $397.83 points to only 6.2% upside. Of analyst ratings, 4 are Strong Buys, 15 are Buys, 21 are Holds, 2 are Sells and 2 are Strong Sells.

Our model projects $404.84, offering 8.1% upside. Its one-year range runs from $363.68 to $466.97, and the model has high confidence in it.

Only 43% of analysts are bullish, and the earnings growth factor subtracts 0.003. That undercounts Tesla. Earnings are lower because management chose to spend on R&D. Car demand did not fall off.

Here’s What It Takes for Tesla to Reach $700 Moving from $374.58 to $700 means a jump of 86.9%. With forward EPS of $2.0882, a $700 share price works out to a forward P/E of 335x. The base case already implies 225x, so the target needs about 111x more multiple expansion.

Earnings growth would do most of that work. Consensus growth is 18.23%. At that rate, EPS would reach about $4.08 in four years. That would put $700 at roughly 172x, which is below today’s multiple. An adjustment factor of 1.052 is also already positive in the model.

Here are the catalysts I see:

Megapacks are “almost sold out” for 2027, and energy gross margin rose to 33.1%. More than 75% of North American Q3 deliveries included a paid FSD sign-up. Vaibhav Taneja said FSD “probably at least doubles the profit per car” over its lifetime. Tesla and SpaceX are in merger talks, and Morningstar highlighted valuation as a key issue (Morningstar). The main risk is cost: Musk said TeraFab alone could need capital “north of 100 billion”.

Where Tesla Trades Today vs Its Earnings Power At 179x forward earnings, Tesla is expensive. The stock trades in a 52-week range from a high of $498.83 to a low of $297.38.

Over 10 years, the stock has returned 2,671.11%. That record helps explain why investors pay a premium for Tesla’s future earnings.

$700 Is a Stretch, But Here’s Why It’s Possible Reaching $700 means a 86.9% gain. The model’s highest 2030 bull case is $584.92, so I see $700 as a stretch.

Three things would have to go right. Robotaxi would need to become significantly profitable in 2027, energy margins would have to keep rising, and Optimus would need to start customer deliveries on schedule.

If battery shortages and spending keep pressuring profits, the target falls apart. Returns at this level shouldn’t be expected every year, but we’ve outlined the plan for how Tesla could reach $700 in 2030.

Contact [email protected] for any questions or corrections.

Car rental giant Turo will start advertising which Teslas on its marketplace are outfitted with the automaker’s advanced driver assistance system, Full Self-Driving (Supervised) — or FSD, a collaboration that could boost further adoption of the driving software.

Eligible Turo “hosts” who rent out their cars on the platform will also receive a free one-month trial of FSD. Turo said it is working with Tesla to directly access the automaker’s API to verify which cars have FSD enabled.

The announcement comes just a few days after Tesla offered updated figures that show the carmaker is finally getting more customers to pay for the software, which can handle most driving tasks but still requires human supervision.

Last week, Tesla revealed that around 1.7 million customers have paid for FSD globally, out of more than 10 million cars built and sold to date. The company said more than 75% of customers who took delivery of a car in North America during the third-quarter paid for an FSD subscription. That was a roughly 20% increase from the second quarter, though the company’s U.S. sales have been in decline.

Tesla has spent much of the last year re-working some of its showrooms to focus more on FSD as a selling point. In a post last week, the company’s chief executive Elon Musk said the effort is working.

“People are buying FSD with a car attached, not the other way around,” wrote Musk.

“Customers are now coming in and saying: ‘Can we get into an FSD drive?’ They’re not asking for [Model] 3, [Model] Y, or Cybertruck,” Tesla’s finance chief Vaibhav Taneja said on last week’s earnings call.

For Turo, the addition of FSD rentals gives the company a chance to boost what are already some of its most heavily-rented vehicles. Turo said Tesla’s Model 3 and Model Y are the third and fourth-most popular vehicles on its platform this year. “[T]his integration further increases host earning opportunities as interest in self-driving technology grows,” said Turo.

“This industry-first integration with Tesla is another example of how Turo is redefining what car rental and access can look like,” Turo chief executive Andre Haddad said in a statement. “Most travelers have had limited opportunity to experience driver’s assistance technology, but the demand is clear. Our own research shows that 55% of Americans are interested in driverless technology for travel, growing to 71% for Gen Z. Turo’s marketplace model is uniquely positioned to close the gap between consumer curiosity and hands-on access.”

Customers who rent an FSD-enabled Tesla through Turo will be served cautionary language that requires drivers to monitor the software, and be ready to take over at any moment. Drivers will also have the option to view a Tesla-created tutorial.

“When enabled, your vehicle will drive you almost anywhere with your active supervision, requiring minimal intervention,” a screenshot of the Turo app reads.

The listings themselves, meanwhile, allow owners to promote their cars as “Self-Driving,” according to another screenshot provided by Turo.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.

You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.

Coke and Philip Morris both beat expectations this quarter, but each is quietly betting against its own best product to survive the next decade. Which sacrifice looks smarter for your portfolio?

Coca-Cola (NYSE:KO | KO Price Prediction) and Philip Morris International (NYSE:PM) both beat expectations in their latest earnings reports. Both are old habits that are still changing. Coke sold more regular and zero-sugar soda during a World Cup summer. Philip Morris moved further into IQOS, ZYN and VEEV while cigarettes paid for the shift. Each generates strong cash flow through a different business model.

Coke Sold More Soda While Philip Morris Raised Cigarette Prices
Coke’s second-quarter unit case volume rose 5%. Trademark Coca-Cola had its strongest volume growth in 17 years, not counting the COVID rebound, so demand for the flagship drink remains strong. Coca-Cola Zero Sugar grew 16%, which makes it the main low-sugar growth driver. CEO Henrique Braun described the goal this way: “Our mission is simple, ensuring our brands are valued, relevant and worth choosing.”

At Philip Morris, third-quarter combustible pricing rose 8.9% even though cigarette shipments were flat. Marlboro can still raise prices without losing smokers. Smoke-free products now make up over 40% of net revenues. ZYN’s share of the pouch category rose 1.4 points from June to September, which shows ZYN gained ground against rivals.

Business Driver
Coca-Cola
Philip Morris

Growth Engine
Zero Sugar, Trademark Coke
IQOS, ZYN, VEEV

Cash Funder
Asset-light concentrate model
Combustible pricing

Adjusted EPS
$0.97
$2.36

Coke Spends on Affordability While Philip Morris Gives Up Margin for ZYN
Coke is putting money into keeping drinks affordable. Asia Pacific price/mix fell 9% while volume in the region grew 8%. Coke is giving up margin now to win future customers in India and China. Net leverage of 1.4x EBITDA is below Coke’s target range, so the balance sheet has room to spare.

Philip Morris is taking a bigger hit on purpose. ZYN cans are moving to 20 pouches at the old 15-pouch price, which works out to “approximately 25% less revenue per pouch.” Fourth-quarter U.S. operating income should come in “around zero or slightly negative.” That is a big short-term sacrifice. Even so, the company raised its dividend 8.8% to $1.60 a quarter.

Can ZYN Volume Make Up for Lower Pouch Prices?
I will be watching whether ZYN volume grows fast enough to cover the lower price per pouch. Management expects revenue to lag for “three quarters.” Rising excise taxes in Japan and Germany add more uncertainty. For Coke, you should keep an eye on the redesigned Coca-Cola Zero Zero aimed at evening occasions. The fourth quarter will also have six fewer days than last year, and Coke’s tax case against the IRS is still waiting on an appeals court ruling.

Why Coke Fits My Low-Stress Portfolio Better
I prefer Coke for stability. It has raised its dividend for 63 years in a row and guides to about $12.4B of free cash flow. My worry is valuation. Shares are up 35.2% this year at about 30 times earnings, so a lot of good news is already priced in.

Philip Morris pairs a strong income profile with higher regulatory risk. Its $6.40 annual payout is backed by Marlboro’s pricing power. If U.S. ZYN profits recover by mid-2027, I would like Philip Morris a lot more.

Contact [email protected] for any questions or corrections.

Trail Ridge Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 39.0% during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,759 shares of the e-commerce giant's stock after acquiring an additional 3,861

Sustainable Growth Advisers LP lessened its holdings in Amazon.com, Inc. (NASDAQ: AMZN) by 9.2% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,072,028 shares of the e-commerce giant's stock after selling 209,301 shares during the period. Amazon.com comprises approximately 5.6% of Sustainable

SummaryAmazon.com, Inc. is in a transitional phase, ramping capital spending to accelerate AWS backlog conversion and drive durable AI-led growth.Q3 ’26 earnings are a critical inflection point; AWS revenue conversion, backlog growth, and private label retail performance are key catalysts.I reiterate a Strong Buy rating with a $376/share price target, supported by AWS margin-accretive growth, custom silicon adoption, and expanding backlog.AMZN trades at 16.22x EV/EBITDA, below its 3-year midpoint, offering an attractive entry as scale and AI adoption should drive long-term earnings growth. luza studios/E+ via Getty Images

Amazon.com, Inc. (AMZN) is operating in a transitional phase as the company increases its capital spending in order to pull forward AWS backlog conversion. With enterprise AI adoption slowly expanding, Amazon should realize durable growth

7.79K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Microsoft MSFT is due to report its fiscal first-quarter 2027 results on Wednesday, with investors watching whether cloud growth can justify the company's expanding artificial intelligence infrastructure costs, according to the company's earnings schedule.

Wall Street expects revenue of about $90.6 billion to $90.7 billion for the quarter, within Microsoft's forecast of $89.85 billion to $90.95 billion. The company's outlook implies annual revenue growth of 16% to 17%. Analysts also expect adjusted earnings of $4.71 per share.

Azure is another key focus, with analysts projecting growth of 44% to 45% on a constant-currency basis. The estimate uses Microsoft's updated reporting definition for the cloud business, making the segment's performance important to assessing demand for its cloud and AI services.

Spending could remain a central concern. Microsoft is expected to invest more than $50 billion in capital expenditures during the quarter as it expands infrastructure to support AI workloads. The results, scheduled after the U.S. market closes, will be followed by a conference call at 5:30 p.m. Eastern time, where investors may look for further details on cloud demand and investment plans.

Microsoft reports earnings this week and AI spending will be focus. Microsoft is one company that Wall Street is comfortable with spending big on AI.

On October 26, 2026, we delve into the DCF analysis for Alibaba Group Holding Ltd BABA, a company that has seen significant price fluctuations recently. The stock has experienced a year-to-date decline of 31.4% and a staggering 41.5% drop over the past year, raising questions about its valuation amidst these challenges.

DCF Earnings-based intrinsic value of $69.52 vs current price of $99.64 (margin of safety: -43.3%) DCF FCF-based intrinsic value: not available GF Score™ of 81/100 indicates a relatively strong reliability of the DCF inputs What Is BABA Worth? DCF Earnings-Based Model To assess Alibaba's intrinsic value, we employ a two-stage DCF model. The first stage considers a growth phase where earnings per share (EPS) is projected to grow at a rate of 8.4% annually for the next ten years, followed by a terminal phase with a reduced growth rate of 4% for the subsequent ten years. The discount rate applied is 11%, which accounts for the risk-free rate and equity risk premium.

Parameter Value Current EPS (TTM, excl. non-recurring) $4.83 10-Year Growth Rate 8.4% 10-Year Treasury Rate 4.99% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The calculation summary for the two-stage model is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 8.4%, discounted at 11% $42.45 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $27.07 Intrinsic Value Growth + Terminal $69.52 With the current price at $99.64, the intrinsic value of $69.52 indicates that Alibaba is significantly overvalued, presenting a margin of safety of -43.3%. It is important to note that GuruFocus utilizes EPS excluding non-recurring items, as research shows that stock prices correlate more closely with earnings than with free cash flow. For further details, visit the BABA DCF Calculator.

What Does the Free Cash Flow DCF Say? The DCF model based on free cash flow (FCF) is not available for Alibaba at this time. In the absence of FCF data, we rely on the earnings-based DCF and the GF Value™ to form a more comprehensive view of the company's valuation. The earnings DCF suggests significant overvaluation, while the FCF-based model remains unavailable for comparison.

How Does GF Value™ Compare to the DCF Models? According to GuruFocus, the GF Value™ for Alibaba stands at $123.07, indicating that the stock is undervalued by 19.0%. This proprietary measure is derived from historical trading multiples, past business growth, and future performance estimates. The discrepancy between the GF Value™ and the earnings-based DCF intrinsic value suggests a divergence in valuation perspectives, with the GF Value™ indicating a more favorable outlook compared to the DCF models. For more insights, check out the GF Value™.

What Does BABA's GF Score™ Tell Us? The GF Score™ evaluates a company's financial strength, profitability, growth potential, valuation, and momentum, providing a holistic view of its investment quality. Alibaba's GF Score™ is 81 out of 100, reflecting a strong overall assessment. However, its predictability rank is notably low at 0 out of 5 stars, suggesting that the DCF model's reliability may be compromised due to the company's unpredictable earnings performance.

Metric Rating GF Score™ 81/100 Financial Strength 7/10 Profitability 7/10 Growth 8/10 Valuation 10/10 Momentum 2/10

Key Assumptions and Limitations It is crucial to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as Alibaba, tend to yield less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future economic conditions.

What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—a clear tension emerges. The earnings-based DCF indicates that Alibaba is significantly overvalued, while the GF Value™ suggests a more favorable valuation perspective. This divergence highlights the uncertainty surrounding Alibaba's future performance. Additionally, the guru ownership signal shows that 17 gurus currently hold the stock, with 6 adding to their positions and 10 trimming their holdings, while insiders have net sold $60.2 million over the past year. This mixed signal from both gurus and insiders adds another layer of complexity to the investment narrative. For a deeper dive into the DCF analysis, visit the BABA DCF Calculator.

Frequently Asked Questions What is BABA's intrinsic value based on DCF?

According to the earnings-based DCF, the intrinsic value is $69.52, while the FCF-based intrinsic value is not available.

Is BABA overvalued or undervalued?

The earnings-based DCF indicates that BABA is overvalued, while the GF Value™ suggests it is undervalued at $123.07.

How reliable is the DCF model for BABA?

The DCF model's reliability is questionable due to a predictability rank of 0 out of 5 stars.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

Boeing needs one quarter to prove its turnaround is real, while Coca-Cola needs to justify a 35% run against the toughest comparisons of the year. Both report October 27, and the macro backdrop could not be more complicated.

Boeing (NYSE:BA | BA Price Prediction) and Coca-Cola (NYSE:KO) both report third-quarter results on October 27, 2026. One is a turnaround, and the other is a defensive staple. Both report after the October 22 selloff, which was linked to Middle East tensions and rising oil prices.

On Mad Money on September 24, 2026, Jim Cramer said Boeing and Coca-Cola were among 17 stocks that, per Hendrik Bessembinder’s research, delivered cumulative returns of more than 5 million percent from 1925 to 2023. That record helps explain the long-term investor interest in both names.

Turnaround Progress Meets a Defensive Rally
Boeing’s second quarter showed progress, but it came at a cost. Revenue rose 8.0% to $24.56 billion, deliveries reached 171, and free cash flow turned positive at $631 million. Still, the core loss of $0.76 per share was well short of the $0.34 loss analysts expected. A $280 million VC-25B charge did much of the damage. Shares are down 12.8% year to date.

Coca-Cola beat EPS estimates for the fifth consecutive quarter, making $0.97 against the $0.93 consensus. It then raised its full-year comparable EPS growth outlook to 9% to 10%. The stock is up 35.7% year to date. Watch for results before the New York Stock Exchange opens, and the investor call follows at 8:30 a.m. ET.

Third-Quarter Consensus Estimates

Metric
Boeing
Boeing YoY
Coca-Cola
Coca-Cola YoY

Q3 EPS
−$0.201
Loss narrows from −$7.47
$0.8809
7.4%

Q3 Revenue
$24.37B
4.7%
$12.93B
3.7%

FY2026 EPS
−$1.101
N/A
$3.3039
10.1%

FY2026 Revenue
$97.50B
N/A
$49.83B
3.9%

Max 10 Certification and Oil Will Frame Boeing’s Morning
Secretary of Transportation Sean Duffy noted the 737 Max 10 certification on October 20, 2026: “This has been almost a ten-year process getting to this day of certification, which, by the way, is huge.” According to Marketplace Morning Report, major airlines have ordered more than 1,400 of the jets. The program also reported that regulators found a software glitch this year and determined it was not a flight safety issue. Watch for confirmation of 2027 first deliveries and progress on the 737 ramp to 47 per month. Boeing also guided to third-quarter free cash flow in the low hundreds of millions, despite a $700 million DOJ payment.

Oil adds pressure, with benchmark West Texas Intermediate (WTI) crude at $107.89 a barrel on October 20. Cramer once quipped, “Every time crude goes up a dollar, Boeing stock goes down a dollar,” but he called that logic flawed, arguing that airlines actually need more fuel-efficient planes as oil rises. RTX (NYSE:RTX) CEO Chris Calio made a similar point: “There’s the concern around jet fuel and airline health and pricing, but the demand is still there.”

Coca-Cola Must Prove Volume Holds Against Tougher Comparisons
Second-quarter unit case volume rose 5%, and Zero Sugar grew 16%. The World Cup and an easier prior-year comparison both helped. Management warned that the second half brings a tougher year-over-year comparison and six fewer selling days in the fourth quarter. Watch Asia Pacific, where price/mix fell 9%.

On GLP-1 weight-loss drugs, Cramer argued that PepsiCo (NASDAQ:PEP) is more exposed because of its snack business: “Live by junk food, die by junk food.” In June, after Coca-Cola hit a new high on a down day for the market, he said: “I want you to reach for Coca-Cola and then just keep buying.”

What a Winning October 27 Looks Like for Each Stock
For Boeing, a good morning means positive free cash flow despite the DOJ payment, plus a firm Max 10 delivery schedule. Free cash flow is the number that matters most. For Coca-Cola, success means volume growth that holds up against the tougher comparison and reaffirmed guidance. The key figure is organic revenue growth against the about 5% full-year target. Boeing must earn back investor trust. Coca-Cola must justify its premium valuation after a 35.7% run.

Contact [email protected] for any questions or corrections.

SMITHS FALLS, Ontario--(BUSINESS WIRE)--Canopy Growth Corporation (“Canopy Growth”, “our”, “we” or the “Company”) (TSX: WEED) (Nasdaq: CGC), a leading global company committed to bettering lives through cannabis, today announced the voting results from its annual general and special meeting of shareholders convened on September 25, 2026, and adjourned to and reconvened on October 23, 2026 (the “Meeting”). A total of 154,837,897 common shares of the Company (the “Shares”), representing 36.60% of.

Elon Musk just predicted mass death for GPU rental companies, and CoreWeave's cratering stock price and distressed bond market suggest lenders may already agree with him.

Kingswood Wealth Advisors LLC lifted its holdings in Netflix, Inc. (NASDAQ: NFLX) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,917 shares of the Internet television network's stock after acquiring an additional 8,113 shares during the quarter. Kingswood Wealth

-

From can't-miss deals to unexpected “Who Knew?” discoveries brought to life by Disney and The Muppets Studio, Walmart is helping customers find more to love, spend less and focus on the moments that matter this holiday season.

BENTONVILLE, Ark.--(BUSINESS WIRE)--The holidays should be about making memories, not making compromises. But with budgets stretched, busy schedules and growing shopping lists, customers are looking for ways to make the season special without added stress. Walmart is making it easier with three major holiday shopping events from November 12 through December 2, bringing savings on gifts, seasonal favorites and everyday essentials – plus a new holiday marketing campaign.

Walmart research shows that 60% of shoppers say the price of gifts and holiday purchases affects how they feel about the season, while 70% say lower prices would make holiday shopping easier. Whether customers are searching for a gift that feels just right, getting ready to host or tackling a growing shopping list, Walmart is helping them find more to love for less — and enjoy more of the season.

“This season, we're bringing customers and members incredible savings across three major shopping events, along with the brands they love, exciting new discoveries and easier ways to shop, and even a few ‘who knew’ moments along the way,” said Julie Barber, chief merchandising officer, Walmart U.S. “It's all about helping our customers save more, discover more and make more room for what matters.”

Walmart Deals are Back with More Ways to Save.

Customers will have three opportunities to shop incredible savings on thousands of items across top brands, trending gifts and holiday must-haves. And this year, Walmart+ members have even more chances to get a head start on the savings with early access to some of the most sought-after toys and gifts of the season!

November 12 - 15: Early Black Friday Deals on Walmart.com beginning at 12:01 a.m. ET and in stores at 6 am local time. Walmart+ early access to hot Deal drops also begins at 12:01 a.m. ET on November 12. Any remaining hot Deal drop items will open to all customers at 12:01 a.m. ET on November 13. November 23–29: Black Friday begins at 12:01 a.m. ET on Walmart.com and in stores at 6 am local time. Walmart+ early access to hot Deal drops also begins at 12:01 a.m. ET on November 23. Any remaining hot Deal drop items will open to all customers at 12:01 a.m. ET on November 24. November 30 - December 2: Cyber Monday only on Walmart.com beginning at 12:01 a.m. ET. There’s something for every kind of holiday list. Customers can explore thousands of gifts under $20, discover the season’s most-wanted toys and find elevated fashion, beauty and home favorites at Walmart prices. Walmart’s Top Toys list also makes gift hunting easier, with 25 toys on this year’s list priced under $25. Whether it’s a thoughtful surprise, a new holiday outfit or the finishing touches for a gathering, customers can find inspiration and value in one place.

More Reasons to Love Walmart+ This Holiday

This year, there's even more to love about membership. Just in time for the holidays, customers can now get both Walmart+ and Sam's Club Plus together for just $120 a year1 - bringing together more ways to save time and money on the things that matter most, from 2% Sam’s Cash® back2 on everyday essentials to free delivery3 on holiday gifts - and even streaming4 a holiday favorite on movie night. It's twice the membership, with more opportunities to make the most of every moment throughout the season.

During both the Early Black Friday and Black Friday events at Walmart, select online-only Deals will be reserved exclusively for Walmart+ members for the first 24 hours, while supplies last, giving members an early opportunity to score incredible savings on holiday gifts.

A Holiday Classic Gets a Walmart Twist

Beyond incredible savings, Walmart is giving customers plenty of reasons to be surprised by what they discover this holiday season. Bringing that spirit to life is “A Who Knew Carol,” Walmart's new holiday campaign inspired by the classic holiday film, “The Muppet Christmas Carol.”

The campaign brings together an iconic ensemble of Muppets, including Kermit the Frog, Miss Piggy, The Great Gonzo, Rizzo the Rat and Pepé the King Prawn, alongside Walton Goggins as Ebenezer Scrooge and Stephanie Beatriz as Scrooge's niece. Together, they bring a fresh twist to the holiday classic, showing that even the biggest humbug can be delightfully surprised by Walmart's exciting gifts, favorite brands and incredible value.

“‘A Who Knew Carol’ brings Walmart’s holiday campaign to life in a way that's playful, memorable and full of unexpected surprises all season long," said William White, chief marketing officer. “By pairing the enduring charm of The Muppets with Walton Goggins’ humor, we’re showing that Walmart can surprise customers with the brands, gifts, deals and convenience they need to make the season even more joyful.”

The campaign kicks off with “A Who Knew Carol” followed by a series of videos and social content throughout the holiday season bringing Walmart’s holiday assortment to life – from must-have gifts and exciting finds to quality that makes shoppers stop and say, “Who Knew?”

It's one more way Walmart is helping customers discover more to love, spend less and make more room for what matters this holiday season.

About Walmart

Walmart Inc. (Nasdaq: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 280 million customers and members visit more than 10,900 stores and numerous eCommerce websites in 19 countries. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly known as Twitter) at twitter.com/walmart, and on LinkedIn at linkedin.com/company/walmart.

More News From Walmart Inc.

Back to Newsroom