{"id":72032,"date":"2023-11-08T09:02:48","date_gmt":"2023-11-08T14:02:48","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=72032"},"modified":"2023-11-08T09:02:48","modified_gmt":"2023-11-08T14:02:48","slug":"coffee-with-greta-win-streak","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/11\/08\/coffee-with-greta-win-streak\/","title":{"rendered":"Coffee With Greta: Win Streak"},"content":{"rendered":"

Register now<\/strong><\/a> for today's free trading Q&A on LinkedIn with options specialist Dan Darrow!<\/p>\n

DJIA Futures: <\/b>+28 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+2 (+0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-5 (-0.03%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are mostly higher as the S&P 500 extends its longest winning streak since 2021.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Rivian Pops On Higher Production Forecast<\/span><\/h2>\n

Rivian <\/b>(RIVN) shares are up 7% ahead of the open after beating Q3 expectations and hiking its full-year production forecast.\u00a0<\/span><\/p>\n

Here\u2019s how the electric automaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted loss per share: $1.19 vs $1.34 expected<\/span><\/li>\n
  • Revenue: $1.34 billion vs $1.32 billion expected<\/span><\/li>\n<\/ul>\n

    The company delivered 15,564 vehicles during the quarter.\u00a0<\/span><\/p>\n

    Rivian also ended its exclusivity deal with <\/span>Amazon <\/b>(AMZN) for its electric delivery vans.<\/span><\/p>\n

    The CEO said it the company in \u201cactive discussions with a number of large potential fleet customers to launch pilot programs\u201d with the vans.<\/span><\/p>\n

    In a letter to shareholders, executives said, \u201cWe remain focused on ramping production and implementing core technologies designed to reduce cost and improve the customer offering.\u201d\u00a0<\/span><\/p>\n

    Rivian now expects to produce 54,000 vehicles this year, up from 52,000 previously.\u00a0<\/span><\/p>\n

    Lucid Tumbles After Cutting Production Guidance<\/span><\/h2>\n

    Lucid <\/b>(LCID) shares are dropping 6.7% in premarket trade after missing Q3 sales expectations and cutting its full-year production guidance.\u00a0<\/span><\/p>\n

    Here\u2019s how the electric automaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Loss per share: $0.28 vs $0.40 expected<\/span><\/li>\n
    • Revenue: $138 million vs $178 million expected<\/span><\/li>\n<\/ul>\n

      Lucid produced about 1,550 units in Q3, bringing the 2023 total to about 6,000 so far.\u00a0<\/span><\/p>\n

      The company lowered its full-year production guidance to between 8,000 and 8,500 vehicles this year, down from about 10,000 previously.<\/span><\/p>\n

      Even with the lower guidance, that still leaves 2,000 to 2,500 vehicles to produce in Q4.\u00a0<\/span><\/p>\n

      Robinhood Slips On Q3 Revenue Miss<\/span><\/h2>\n

      Robinhood <\/b>(HOOD) shares are down 7.3% ahead of the open after missing Q3 revenue expectations.\u00a0<\/span><\/p>\n

      Here\u2019s how the trading platform\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

        \n
      • Loss per share: $0.09 vs $0.10 expected<\/span><\/li>\n
      • Revenue: $467 million vs $480 million expected<\/span><\/li>\n<\/ul>\n

        Revenue rose 29% year over year due to higher net interest and other revenue.<\/span><\/p>\n

        But transaction revenue dropped 11% to $185 million, with equities transaction revenue down 13% and crypto revenue tumbling 55%.\u00a0<\/span><\/p>\n

        Robinhood\u2019s monthly active users fell 16% from a year ago to 10.3 million vs 10.7 million expected.\u00a0<\/span><\/p>\n

        Warner Bros Drops On Q3 Loss<\/span><\/h2>\n

        Warner Bros. Discovery <\/b>(WBD) shares are dropping 9.7% in premarket trade after reporting a wider-than-expected loss in Q3.<\/span><\/p>\n

        Here\u2019s how the media conglomerate\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

          \n
        • Loss per share: $0.17 vs $0.09 expected<\/span><\/li>\n
        • Revenue: $9.98 billion vs $9.97 billion expected<\/span><\/li>\n<\/ul>\n

          Content revenue for WBD\u2019s networks segment dropped 22% from a year ago to $215 million.\u00a0<\/span><\/p>\n

          The company said, \u201cTV revenue declined significantly primarily due to certain large licensing deals in the prior year and the impact of the WGA and SAG-AFTRA strikes.\u201d<\/span><\/p>\n

          Total advertising revenue also fell 12% year over year to $1.8 billion.<\/span><\/p>\n

          Mortgage Demand Jumps As Rates Drop<\/span><\/h2>\n

          Mortgage demand jumped last week as rates logged the biggest one-week drop in over a year.\u00a0<\/span><\/p>\n

          The Mortgage Bankers Association reported total application volume rose 2.5% last week, marking the first increase in a month.<\/span><\/p>\n

          Purchase applications rose 3% weekly but were still 20% lower year over year.\u00a0<\/span><\/p>\n

          Refinance applications rose 2% weekly and were down 7% annually.\u00a0<\/span><\/p>\n

          The increase in activity came as the average 30-year fixed contract rate fell to 7.61% from 7.86%.\u00a0<\/span><\/p>\n

          In Case You Missed It<\/span><\/h2>\n
            \n
          • Microsoft <\/b>(MSFT) shares closed at a new all-time high on Tuesday amid optimism surrounding OpenAI. The stock ended the session at $360.53 per share, up 1.12%. It was Microsoft\u2019s 8th straight daily gain, the longest streak since 2021. The company\u2019s strategic AI partner, OpenAI, announced a slew of updates on Monday which propelled MSFT shares higher.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

            Register now for today’s free trading Q&A on LinkedIn with options specialist Dan Darrow! DJIA Futures: +28 (+0.1%) SPX Futures: +2 (+0.1%) NASDAQ Futures: -5 (-0.03%) Good morning friends! Futures are mostly higher as the S&P 500 extends its longest winning streak since 2021. Let\u2019s get right to it! Rivian Pops On Higher Production Forecast Rivian (RIVN) shares are up 7% ahead of the open after beating Q3 expectations and hiking its full-year production forecast.\u00a0 Here\u2019s how the electric automaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted loss per share: $1.19 vs $1.34 expected Revenue: $1.34 billion vs $1.32 billion expected The company delivered 15,564 vehicles during the quarter.\u00a0 Rivian also ended its exclusivity deal with Amazon (AMZN) for its electric delivery vans. The CEO said it the company in \u201cactive discussions with a number of large potential fleet customers to launch pilot programs\u201d with the vans. In a letter to shareholders, executives said, \u201cWe remain focused on ramping production and implementing core technologies designed to reduce cost and improve the customer offering.\u201d\u00a0 Rivian now expects to produce 54,000 vehicles this year, up from 52,000 previously.\u00a0 Lucid Tumbles After Cutting Production Guidance Lucid (LCID) shares are dropping 6.7% in premarket trade after missing Q3 sales expectations and cutting its full-year production guidance.\u00a0 Here\u2019s how the electric automaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.28 vs $0.40 expected Revenue: $138 million vs $178 million expected Lucid produced about 1,550 units in Q3, bringing the 2023 total to about 6,000 so far.\u00a0 The company lowered its full-year production guidance to between 8,000 and 8,500 vehicles this year, down from about 10,000 previously. Even with the lower guidance, that still leaves 2,000 to 2,500 vehicles to produce in Q4.\u00a0 Robinhood Slips On Q3 Revenue Miss Robinhood (HOOD) shares are down 7.3% ahead of the open after missing Q3 revenue expectations.\u00a0 Here\u2019s how the trading platform\u2019s results compared to analysts\u2019 estimates: Loss per share: $0.09 vs $0.10 expected Revenue: $467 million vs $480 million expected Revenue rose 29% year over year due to higher net interest and other revenue. But transaction revenue dropped 11% to $185 million, with equities transaction revenue down 13% and crypto revenue tumbling 55%.\u00a0 Robinhood\u2019s monthly active users fell 16% from a year ago to 10.3 million vs 10.7 million expected.\u00a0 Warner Bros Drops On Q3 Loss Warner Bros. Discovery (WBD) shares are dropping 9.7% in premarket trade after reporting a wider-than-expected loss in Q3. Here\u2019s how the media conglomerate\u2019s results compared to analysts\u2019 estimates: Loss per share: $0.17 vs $0.09 expected Revenue: $9.98 billion vs $9.97 billion expected Content revenue for WBD\u2019s networks segment dropped 22% from a year ago to $215 million.\u00a0 The company said, \u201cTV revenue declined significantly primarily due to certain large licensing deals in the prior year and the impact of the WGA and SAG-AFTRA strikes.\u201d Total advertising revenue also fell 12% year over year to $1.8 billion. Mortgage Demand Jumps As Rates Drop Mortgage demand jumped last week as rates logged the biggest one-week drop in over a year.\u00a0 The Mortgage Bankers Association reported total application volume rose 2.5% last week, marking the first increase in a month. Purchase applications rose 3% weekly but were still 20% lower year over year.\u00a0 Refinance applications rose 2% weekly and were down 7% annually.\u00a0 The increase in activity came as the average 30-year fixed contract rate fell to 7.61% from 7.86%.\u00a0 In Case You Missed It Microsoft (MSFT) shares closed at a new all-time high on Tuesday amid optimism surrounding OpenAI. The stock ended the session at $360.53 per share, up 1.12%. It was Microsoft\u2019s 8th straight daily gain, the longest streak since 2021. The company\u2019s strategic AI partner, OpenAI, announced a slew of updates on Monday which propelled MSFT shares higher.<\/p>\n","protected":false},"author":41,"featured_media":72035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-72032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=72032"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72032\/revisions"}],"predecessor-version":[{"id":72036,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72032\/revisions\/72036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/72035"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=72032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=72032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=72032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}