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QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Shopify vs. Target: Which Technology Stock Is a Better Buy in 2026?
The article compares Shopify (SHOP) and Target (TGT) as two different ways to invest in modern commerce. Shopify serves millions of merchants in over 175 countries and reported FY 2025 revenue of nearly $11.6 billion (up roughly 30.1%), net income of about $1.2 billion and free cash flow near $2.0 billion, while stock-based compensation was roughly 22.1% of operating cash flow. Target, with nearly 2,000 stores, reported FY 2025 revenue of nearly $104.8 billion (down roughly 1.7%), net income of about $3.7 billion and free cash flow near $2.8 billion. The article details legal and competitive risks for both companies, and Target's forward P/E of 15 compares with 91.5 for Shopify. The author says they would choose Target if buying today, citing new CEO Michael Fiddelke's $5 billion plan to upgrade stores, product mix and supply chain, and a return to sales growth in fiscal 2026.
- Why Shopify Stock Popped by Nearly 5% Today
Shopify shares rose almost 5% on Monday after Cantor Fitzgerald raised its price target to $158 from $145 but kept a neutral rating. The firm expects convincing beats on gross merchandise volume (GMV) and revenue ahead of third-quarter earnings on Tuesday, with revenue growth in the low 30% range. Cantor, however, cautioned that AI inference costs could be considerable and squeeze margins, and that Shopify's tilt toward less profitable merchant solutions is a concern. The article adds that profitability has been choppy and valuations high, leaving the stock looking pricey after its recent surge.
- Shopify Operating Income Jumps 66%: Rapid Earnings Reaction
Shopify's third-quarter revenue rose 32% to $3.74 billion, while operating income jumped about 66% to $568 million. Growth leaned on payments rather than subscriptions, which thinned gross margin, but tighter spending more than offset the squeeze. Gross profit grew 28%, slower than revenue, while operating expenses rose about 16%. Monthly recurring revenue reached $230 million from $193 million, and merchant solutions made up 78% of revenue. Management expects fourth-quarter revenue to grow at a low-thirties percent rate and gross profit at a high-twenties percent rate.
- Shopify Plunges 17% as GMV and Subscription Revenue Miss Estimates; Wix Drops 3%, Etsy Dips
Shopify's Q3 results beat estimates on profit, with adjusted EPS of $0.49, operating income of $568 million and free cash flow of $816 million. However, gross merchandise volume rose 29% to $119.15 billion, short of the $120.08 billion analysts expected. Subscription Solutions revenue grew 20% to $836 million, below the $850.2 million estimate, and gross profit rose 28%, trailing revenue as lower-margin Merchant Solutions took a bigger share. The stock fell 17% to $130.01 in morning trading from $156.22, while Wix slid 3% and Etsy 1%.
- Shopify's stock slides after earnings. This is what's worrying Wall Street.
Shopify missed revenue expectations. The article describes this as a tough outcome in today's less forgiving tech market.
- Shopify's CEO Counts 400 Million Shop Pay Users. The November 3 Report Has to Show Revenue Follows
On October 28, Shopify CEO Tobi Lütke said Shop Pay, which 400 million people use, now works inside AI agents and at stores not on Shopify. None of this will appear in the third-quarter report due before the open on November 3, where 34% growth is the benchmark after two straight quarters at that pace. Merchant solutions made up 76% of the $11.6 billion revenue in 2025, and Shop Pay's GMV grew 53% in the second quarter versus 32% for total GMV. Second-quarter free cash flow reached $654 million, up from $422 million a year earlier, but subscription gross margin slipped to 79.7% from 81.6% as cloud costs, including AI usage, rose $37 million. The key unknown is what Shopify earns when Shop Pay checks out at stores off its platform, since management has only addressed agent orders at its own merchants.
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Luke Kawa of Sherwood News says this round of big-tech earnings was good but “not good enough” for the market, pushing the Nasdaq 100 into correction for the third time this year. US chip stocks had fallen 29% from their June high, though they remain up on the year. He notes Amazon and Alphabet reported solid numbers, with AWS expected to grow 40% in 2027 and 2028, yet the results failed to satisfy investors. Citing Conor Sen, he argues the bigger issue is the debt and stock issuance hyperscalers are using to fund AI buildouts. After steady bond and stock supply, spreads on the group’s long-dated bonds have widened, and there was no US investment-grade bond issuance from them in September.
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In The Loop host Ejaaz Ahamadeen examines Anthropic's (ANTH.PVT) third-quarter operating loss and compares it with how other hyperscalers finance their AI build-outs. He argues Anthropic lacks other revenue streams like Google or Meta, and that it needs to raise $100 billion in roughly two weeks. He also points to OpenAI's failure to raise $30 billion and Elon Musk's struggle to raise $42 billion for compute, saying market sentiment may be at its lowest since the AI hype began.
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Tesla sold 67,829 Model 3 and Model Y vehicles made at its Shanghai plant in October, up 10.3% year over year, extending China-made sales growth to 12 straight months. Wholesale sales, including domestic deliveries and exports, fell 28.9% from the previous month to their lowest since February, though the first 10 months of 2026 rose 21.4% to 810,889 units. In Europe, October registrations jumped 248% in Sweden, 131% in Norway, 271% in Spain and 94% in Italy, supported by higher fuel prices, government incentives and rising EV demand. Bank of America flagged China as the biggest regulatory risk to the proposed Tesla and SpaceX (SPCX) merger, since Shanghai operations would fall under a major U.S. defense contractor. TSLA is down more than 7% year to date but has gained more than 29% over the past three months.
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