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- Six Flags Retreats 17% as Fatal Georgia Coaster Incident Closes Rides Across Its Parks; United Parks & Resorts Slips
Six Flags Entertainment (FUN) fell 17% to $9.91 after a visitor died and several others were injured on the Goliath roller coaster at Six Flags Over Georgia. The company temporarily closed similar attractions across its parks, with no reopening timeline announced, while police are investigating and no cause has been given. The closures come during Halloween events, which management has described as its largest fourth-quarter opportunity. The stock is down 50% over the past year, and the company already faces lawsuits over its X2 coaster. Peers were mixed, with United Parks & Resorts down 0.6% and Live Nation up 2%.
- Six Flags shares plunge after-hours following report of deadly roller coaster incident
Shares of Six Flags Entertainment fell more than 10% in after-hours trading Monday, reversing a 4.5% gain in the regular session, after reports of a deadly roller coaster incident at Six Flags Over Georgia in Cobb County. Citing local police, the report said one person died and several others were injured in an incident involving the 200-foot Goliath coaster shortly before 4 p.m. Witnesses said a man fell from the ride and struck it several times, and riders were later evacuated after the coaster stopped near the top. Six Flags said it was cooperating fully with the investigation, had temporarily closed similar attractions across its parks, and would not release further details out of respect for the family's privacy. The company's shares have fallen 22% year to date.
- JPMorgan Chase, Goldman, Micron, J&J, UnitedHealth, Six Flags, Fermi, and More Stocks That Explain Today's Market
- TAIEX slumps 3 . 41 percent to four - week low
Taiwan's benchmark TAIEX fell 1,655.96 points, or 3.41%, to close at 46,969.87 on turnover of NT$1.319 trillion (US$40.9 billion), its lowest level in four weeks. Foreign investors led the sell-off with net sales of NT$302.56 billion, while proprietary dealers sold a net NT$95.82 billion and investment trusts were the only net buyers at NT$28.3 billion. The decline followed US consumer prices rising 3.7% last month, above forecasts, which raised fears of another Fed rate hike and spread across Asia, with South Korea's KOSPI down 7.57% and Japan's Nikkei 225 falling 4.9%. Electronics heavyweights including TSMC, MediaTek, Nanya Technology and Delta Electronics were among the hardest hit. Analysts said investors are increasingly worried about the sustainability of AI spending as rising financing costs raise recession risks.
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- Roblox Is Now Down 38% in 2026: Is RBLX Stock Dead Money or Poised for a Comeback?
Roblox stock is down 38% year to date to $50.41, with a late-September court ruling letting a Los Angeles County child exploitation lawsuit proceed and a Jefferies downgrade to Underperform adding pressure. Jefferies argued the rally after the Q2 report priced in too much bookings growth, which rose only 8% to $1.6 billion in Q2 even as daily active users grew 10% to 123 million. Safety changes, including a mandatory age check, had already led Roblox to cut its full-year revenue growth forecast to 20% to 25% earlier this year. For Q3 2026, Roblox forecasts a year-over-year bookings decline of 14% to 18%. Take-Two (down 20%) and GameStop (up 31%) year to date suggest the pressure is specific to Roblox, and the article frames the key test as whether bookings stabilize while user growth continues.
- Super Micro (SMCI) Won Over $60 Billion in Orders, Is the Discount Deserved?
A contractor linked to Super Micro Computer (SMCI) pleaded guilty earlier this month to helping ship servers with advanced Nvidia chips to China, a case prosecutors say involved billions of dollars of U.S. AI technology, though the company says it was not named as a defendant and its operations are unaffected. Sales for the fiscal year ended June reached $39.1 billion, up from $22.0 billion, with CEO Charles Liang citing more than $60 billion in new orders, several hundred added enterprise customers, and a record backlog. Management guides to $65.0 billion to $72.0 billion in fiscal 2027 sales, and sales have grown about 61.5% a year over five years. Gross margin was 10.8% for the full year but rose to 17.5% in the June quarter, with net income of $1,178 million, while the trailing 12-month operating margin was 7.09%. The article notes the stock trades at a much lower multiple of expected earnings than the sector, and that one strong quarter does not yet prove a new margin level.
- Is Nvidia Stock Really Trading for Just 8 Times 2030 Earnings?
Nvidia is the market's most valuable company, with a market cap above $5 trillion. It trades at 27 times adjusted trailing earnings, but only about 8 times analysts' estimate for fiscal 2030 earnings, a figure the author stresses is a moving target. Revenue growth accelerated from 56% in Q2 FY 2026 to 106% in Q2 FY 2027, though guidance points to a slight slowdown in the current quarter. The stock trades at 13 times next year's earnings, and the board recently authorized a record $150 billion in share repurchases. The author also acknowledges risks such as slower growth or contracting net margins.
- California billionaire tax could backfire, Stanford study says
Stanford economists Benjamin Jaros and Joshua Rauh argue in an NBER working paper that California's proposed one-time 5% tax on billionaire wealth could raise far less than projected and ultimately reduce state revenue. Seven billionaires, including Peter Thiel, Larry Page and Sergey Brin, have publicly left the state, removing about $540 billion, or 30%, of California's billionaire wealth from potential taxation. The authors estimate the measure could generate only about $30 billion, versus the $100 billion projected by proponents, while losing $1 billion to $3.5 billion a year in income tax revenue could leave the state about $39 billion worse off in present-value terms if those losses persist. The measure, Proposition 40, goes to voters next month, and a Citrin-Politico poll found 46% of likely voters in favor and 43% opposed. Supporters, including Nobel laureates Daron Acemoglu and Joseph Stiglitz, argue the tax will fund health care and that California has attracted more venture funding since the proposal was announced.
- US Orders Civilian Agencies to Rip DeepSeek Out of Government Systems
The U.S. Department of Homeland Security on Monday ordered civilian federal agencies to remove DeepSeek products and third-party services built on the model from their IT systems, and to stop buying them. The notice warns that using DeepSeek may transfer sensitive data to China and could produce intelligence on U.S. persons and agencies. The Commerce Department, the Navy, and the states of New York, Tennessee and Virginia had already restricted DeepSeek. The FCC votes on October 29 on barring Chinese labs from testing electronics for U.S. use.
- NVIDIA Stock And 2 Other Undervalued Stocks To Own
Rising interest rates have pushed down bond prices, with 10-year U.S. Treasuries recording one of their steepest multi-year declines since the 18th century. The article highlights three U.S. stocks that a Simply Wall St cash flow screen considers attractively priced relative to their future cash flow potential: NVIDIA, Wells Fargo and J.B. Hunt Transport Services. NVIDIA generated about US$275.4b from Compute & Networking and US$27.6b from Graphics, with a market cap of US$5,170.6b, and the piece notes that an open-source or cheaper alternative to its CUDA platform could weaken its moat. Wells Fargo, with a market cap of US$251.7b, grew average loans 12% and average deposits 10% year over year in 2Q26 after the removal of its asset cap, while J.B. Hunt, with a market cap of US$21.3b and US$13.3b in revenue, recorded record intermodal volume of over 578,000 loads in Q2 2026.
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