See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/21/2026 | 697.52 |
| Change that session | +0.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Meta Stock Rallies Again As Wall Street Praises 'AI Reset'
Meta Platforms (META) stock is rising again on Tuesday after Wall Street responded positively to the company's latest Muse Wonder AI model. Truist raised its Meta price target to 1,000 from 763 in a client note that morning.
- Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target on Muse Adoption: Meta and Snap Climb 4%, Reddit Ticks Up
Meta rose 4% to $770.07 in morning trading, Snap gained 4% to $6.77 and Reddit added 2% to $163.12, while the Invesco QQQ Trust fell 0.4%. Truist raised its Meta price target to $1,000, matching the Street high, citing early adoption of the Muse AI agent and a Muse contribution to its estimates; analyst Youssef Squali kept a Buy rating. Snap, which is extending a recent run, is also in focus after shareholder Blue Duck Capital urged the board to raise outside capital to fund its Specs augmented reality glasses unit. Meta's Q2 2026 EPS of $6.18 missed the $7.22 estimate on higher costs, legal charges and severance, and its third-quarter report is likely on October 21.
- Realty Income ( NYSE : O ) Stock Price Target Cut by Mizuho
Mizuho cut its price target on Realty Income (NYSE:O) from USD 61.00 to USD 59.00 and kept a 'neutral' rating, according to Benzinga, implying about 4.68% upside from the previous close. Shares opened at USD 56.36 on Monday, within a 52-week range of USD 53.15 to USD 67.93, with a market cap of USD 53.33 billion. According to MarketBeat, the analyst consensus is 'Moderate Buy' with an average target of USD 72.34. The company reported quarterly EPS of USD 1.09, in line with estimates, and revenue of USD 1.55 billion versus USD 1.40 billion expected. Realty Income has set FY 2026 EPS guidance at 4.440–4.450.
- CRWV Stock Slips Overnight: Analyst Calls CoreWeave Debt Worries 'Fearmongering,' Reaffirms 150% Upside Target
CoreWeave (CRWV) shares fell 2% in overnight trading after dropping over 15% on Wednesday on concerns about rising debt and the sustainability of its neocloud business, before rebounding 6% on Thursday. Cantor Fitzgerald urged investors to buy the dip, calling the criticism 'a lot of fearmongering,' and reiterated its Overweight rating and $176 price target, a 150% upside from the last close. The firm noted CoreWeave has sold nearly all its capacity coming online for 2027, with Nvidia backstopping any unsold capacity. Nvidia CEO Jensen Huang said CoreWeave's strength 'is improving every day,' while founders have sold $3.3 billion of stock since the IPO but still own about 20%.
- US Equity Markets End Lower After Meta, Tesla Fail to Meet Expectations, Higher Crude Oil Prices
- MARKETS LIVE : Wall Street opens lower as AI spending doubts and oil price surge weigh on sentiment
Wall Street opened lower on Thursday as doubts over returns on heavy AI spending, disappointing Tesla and Meta results, and surging oil prices hit sentiment. The Dow fell 67.7 points (0.13%) to 52,788.41, the S&P 500 dropped 62.6 points (0.81%) to 7,694.62, and the Nasdaq Composite lost 394.5 points (1.48%), with the Nasdaq 100 losing about 500 points in the first 13 minutes. Meta fell 6.51% to $652.10, Tesla 1.91% to $379.10 and Nvidia 1.76% to $218.07. Oil prices hit their highest since May, with Brent above $111 a barrel, after the New York Times reported that the US and Israel had drawn up plans for renewed strikes on Iran following the November 3 midterm elections. Spot gold fell 1.46% to $4,071.56 an ounce, while the FTSE 100 edged up 0.01% to 10,754.13.
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.