Stock Market Winners & Losers: Nasdaq, S&P 500 Sink with Earnings | Meta Earnings Crushed Targets | Mattel Results Buoyed by Barbie

Loser: Nasdaq, S&P 500 sink with earnings
• Stocks opened lower as investors continued to digest the impact of disappointing Big Tech earnings reports, coupled with rising bond yields.
• Concerns are growing that valuations are too high in a world of surging Treasury yields.
• INFLATION ALERT 3rd Quarter showed the economy grew at an annualized pace of 4.9% during the period, faster than consensus forecasts.
Other Stories
• World Series Tickets:
• The cheapest Game 1 ticket is $451 for standing room
• The cheapest available seat is $774 in the upper deck.
• The most expensive field-level ticket, meanwhile, is $11,496.
• Use This Thermostat Setting to Save Money This Winter. The Department of Energy recommends you set your thermostat at 68° F for the majority winter.
• Major US airlines are on the warpath with Congress over a bill the Credit Card Competition Act they say would gut flyer miles and rewards programs
Winner: Meta Earnings Crushed Targets
• Mark Zuckerberg continues to flex after Meta delivered another top-and-bottom-line beat.
• Revenues rose 23% YoY, their fastest since 2021, to $34.15 billion.
• As for other metrics,:
• Daily active users (DAUs): 2.09 billion vs
• Monthly active users (MAUs): 3.05 billion
• Average revenue per user (ARPU): $11.23
• The company’s headcount is down 24% YoY to 66,185, helping drive total expenses down.
• Meta shares dipped% following cautious commentary about unrest in the Middle East
• Meta continues to burn through cash for its flailing metaverse and VR project, which lost $3.7 billion in the 3rd quarter
Winner: Mattel Results Buoyed by ‘Barbie’
• Mattel, riding the success of the Barbie movie, posted results that beat estimates,.
• Barbie is the highest grossing film of 2023 with $1.4 billion. .
• As a production partner on the movie, Mattel receives about $125 million for their share of ticket sales and streaming revenue.
• Christmas will be big for Barbie dolls and other Barbie-branded products.
• Barbie sales were up 16% after almost a decade of slowing sales/.
• The Margot Robbie Barbie doll is selling especially well,
• Mattel is developing films based Hot Wheels, Polly Pocket and a dozen others.
• Mattel sad the outlook is with softness in the industry and a weaker global economy

#RobBlackShow #RobBlack #Stocks #Viral #Trending #StockMarket #Stock #Market #Finance #Investing #Investment #MarketsUpdate #News
Learn More https://linktr.ee/RobBlack