Dow Jones Futures: Microsoft, Google, Amazon Lead Earnings Wave; What To Do In Mixed Market

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• Hyperscalers Microsoft, Amazon Line Up With Earnings, Along With ServiceNow, IntelYahoo Finance·23/10, 15:11• AMZN• MSFTearningscloud computingMSFT
• What Wall Street Expects from The Q3 Cloud and Infrastructure Scorecard: Microsoft Vs. Amazon

  Azure grew 43% and AWS 37% last quarter, and investors want proof that heavy AI spending is turning into revenue. Microsoft 365 Copilot passed 30 million paid seats, while Amazon's AI and chips businesses each passed $25 billion in annualized run rates. Microsoft's commercial remaining performance obligations rose 84% (25% without OpenAI), while its free cash flow fell 23.2% to $19.64 billion. Amazon's trailing 12-month free cash flow was negative $7.6 billion after $54.21 billion of capital spending in one quarter, and its $5.75 EPS included a $53.4 billion one-time gain tied mainly to its Anthropic stake. Microsoft's operating margin is 46.8% versus Amazon's 11.2%, and Amazon is expected to report on October 29.

  Yahoo Finance·19/10, 16:45• AMZN• MSFTMSFTAMZNcloud computing
• Critical web security flaws spark global alarm as Google, OpenAI and Amazon respond

  Critical vulnerabilities in PHP, the open-source language that powers many websites, known collectively as 'PHP2Shell', could let hackers remotely execute malicious code on affected servers and potentially expose sensitive data. The U.S. National Security Agency urged organizations to apply security updates or take affected systems offline if fixes cannot be applied immediately, while the FBI and cybersecurity authorities in Singapore, the UK, Australia, Canada and the EU issued similar alerts. Amazon said its MadPot system detected attempts to exploit the flaws before they were publicly disclosed, but it remains unclear how attackers learned about them. Google and OpenAI said AI tools helped identify and test the vulnerabilities, while Cloudflare deployed protections through its web application firewall. The PHP development team has released security fixes, and authorities urge website operators to identify affected versions and update as quickly as possible.

  CNBC·22/10, 01:05▼ AMZN▼ GOOGLcybersecurityAMZNGOOGL

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• A Surprising New Rival Is Threatening CoreWeave (and It's Not Best Known as an AI Cloud Company)

  CoreWeave shares have come under pressure due to its heavy debt, plans for large AI data center spending, surging interest expenses and rising competition in the neocloud market. According to the article, SpaceX (SPCX) is rapidly scaling its own neocloud business: in its third-quarter report, AI business sales rose 830% year over year to $7.56 billion, more than its space ($1.77 billion, up 6%) and connectivity ($5.25 billion, up 69%) segments combined. The AI segment's sales likely came mostly from renting out compute, while CoreWeave posted revenue of roughly $2.58 billion for comparison. The article argues that SpaceX's financial strength and positioning could pressure CoreWeave's pricing and make it harder for CoreWeave to secure next-generation processors from Nvidia, which holds a larger stake in SpaceX than in CoreWeave. It concludes that SpaceX's rise does not necessarily doom CoreWeave, but it adds stress points to the company's scaling and GPU lifecycle assumptions.

  Yahoo Finance·23/10, 23:20• NVDACoreWeaveSpaceXcloud computing
• Trump signs executive order lowering housing costs

  President Trump signed an executive order aimed at lowering housing costs ahead of the midterm elections, as inflation and affordability weigh on voters. The order directs agencies to reduce mortgage costs, expand access to cheaper alternatives to title insurance, and support manufactured housing. The FHFA is to set up a pilot program to proactively cancel mortgage insurance premiums for eligible borrowers, while the Departments of Veterans Affairs and Agriculture are to lower interest rates on their single-family home loans. The order also creates a multiagency task force on manufactured homes. The move comes as the housing market slows and lending costs rise, with inflation at 3.7% last month and an NBC News Decision Desk poll showing 31% of U.S. adults naming the economy as their top concern.

  cbs12.com·23/10, 23:15housingmortgagesDonald Trump
• Wall Street closes lower on AI trade concerns

  Wall Street's main indexes closed lower as technology shares steadied somewhat, ending a turbulent week for the market-driving AI trade. The Dow fell 652.82 points (1.23%) to 52,215.16, the S&P 500 lost 39.75 points (0.52%) to 7,623.68, and the Nasdaq Composite lost 53.52 points (0.21%) to 25,955.34. Concerns over financing costs for heavy AI investment spending weighed on tech, a day after the Nasdaq's biggest one-day drop since June. Investors are now looking to earnings from Alphabet, Microsoft and Amazon and the Fed's rate meeting. Energy shares hit a record high as Brent crude rose after Houthi attacks in Saudi Arabia.

  straitstimes.com·23/10, 23:15▼ NVDA▼ QQQ▼ SPYWall StreetS&P 500Nasdaq
• Trump at South Florida rally revives the idea of military intervention in Cuba after Iran

  At a rally in South Florida on Friday, President Donald Trump suggested that U.S. warships returning from the Iran war could stop off Cuba, reviving an interventionist idea he had not raised in recent months. He made the remark just days before midterm elections, in which voters have voiced concern about the impact of the Iran war on prices. Secretary of State Marco Rubio posted that “now is the time” for action on Cuba and urged those seeking change to pursue it through a “discrete partnership with the CIA,” while saying the U.S. doubts a diplomatic deal with the current Cuban government. The U.S. has come away unimpressed from talks with Cuban officials, which led to more sanctions. Cuba has faced an economic and energy crisis since 2020, with its GDP shrinking, blackouts, food shortages and inflation, and hundreds of thousands of Cubans have emigrated.

  postregister.com·23/10, 23:15▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USDDonald TrumpCubageopolitics
• 3 Defense Stocks Investors May Prefer Over Musk Linked Aerospace Bets

  The article examines how Elon Musk's businesses, including Starlink and Tesla's defense-related technology, are affecting traditional defense and aerospace stocks. It profiles three large diversified contractors from a screener. AeroVironment generates about US$1.42b from Autonomous Systems and roughly US$584 million from Space, Cyber and Directed Energy, with a market value of around US$6 billion. Hensoldt generates about €2.20b from Sensors and €504 million from Optronics, and is valued at roughly €9.70b; the article highlights its shift toward software-defined defence platforms. Airbus generates about €55.6b from its commercial segment, €8.96b from Airbus Helicopters and €13.9b from Airbus Defence and Space, with a market value of around €152.3b, and the article notes political-customer risks in programs such as the A400M and Eurofighter. The three companies are a sample from a full screen of 41 more contractors.

  Yahoo Finance·23/10, 23:10defenseElon Muskaviation
• Prediction: $5,000 in Costco Stock Will Trail the Market Through 2030

  The author estimates $5,000 in Costco stock could grow to about $6,350 by the end of 2030, while the same amount in an S&P 500 index fund might reach about $7,450. The forecast assumes earnings per share grow about 11% a year to roughly $31.30 in fiscal 2030 and a price-to-earnings ratio of 40 times by the end of 2030, down from about 49 times today. The author notes membership fee income growth has slowed to about 7% by the fiscal fourth quarter, after the fee hike that took effect Sept. 1, 2024. The author still considers Costco one of the best retailers to own for the long run but does not expect the stock to beat an index fund from current levels.

  Yahoo Finance·23/10, 23:07retailvaluationS&P 500