- Tesla Inc (TSLA) was down 11.99% as the market continues to sell off as Elon plans to sell off 10% of his holdings
- PYPL was down 10.46% as third-quarter revenues missed expectations
- Palantir Technologies Inc. (PLTR) was down 9.35% although revenue and earnings were in line with market expectations.
- XPeng Inc (XPEV) was down 5.97% as the Tesla selloff pushed the electric vehicle market stocks to slump lower
Earnings due today:
The Walt Disney Company DIS Post-market
Stock to watch:
Goldman Sachs Goroup Inc (GS)
Goldman’s third-quarter earnings and revenue beat expectations causing a substantial push to make new highs, with a retracement back down to the support of $400 the continuation is still on the table as long as there’s a break of the 20EMA on the 4-hour timeframe. A potential upside to $430 may be expected.
The financial sector has been edging higher month on month and has been one of the standouts sectors in the US, falling just shy of the manufacturing sector.