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Matt Phillips

Lockheed reports EPS far lower than expected, stock dives

An unexpected $1.6 billion charge compressed Q2 earnings at Lockheed Martin, causing profits to miss estimates by the proverbial mile.

The military aircraft maker reported non-GAAP Q2 earnings per share of $1.46, compared to the $6.57 that analysts expected. Charges including $950 million in costs tied to ironing out issues in a classified aeronautics program and a $570 million hit related to the procurement of its helicopters during the quarter were the prime culprits for the miss.

Fellow defense prime contractor Northrop Grumman is having a better day, beating analyst estimates on the top and bottom lines. The maker of strategic bombers and missiles beat sales expectations and raised its guidance for full-year profits on strong global weaponry demand.

Lockheed Martin second-quarter profit plummets on $1.6 billion charge

Lockheed Martin second-quarter profit plummets on $1.6 billion charge

Fellow defense prime contractor Northrop Grumman is having a better day, beating analyst estimates on the top and bottom lines. The maker of strategic bombers and missiles beat sales expectations and raised its guidance for full-year profits on strong global weaponry demand.

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Luke Kawa

Strive, the Vivek Ramaswamy-backed bitcoin treasury company, is surging again on elevated retail interest

Strive Inc is building on Friday’s massive gain with a big advance in the premarket on Monday, up roughly 25% as of 5:21 a.m. ET.

As of 5:02 a.m. ET, the bitcoin treasury company’s ticker is among the most-referenced on Reddit’s r/wallstreetbets forum over the past 12 hours, per data from SwaggyStocks.

SwaggyStocks
Source: SwaggyStocks

Record demand for bullish options propelled the bitcoin treasury company up 27% on Friday, with call volumes of 582,453. The activity was seemingly spurred by a tweet from Mike Alfred — a former entrepreneur and popular account on X who was recently appointed to the board of directors at Bakkt Holdings — who announced that he had taken a position in the name:

Strive, which was co-founded by former GOP presidential hopeful Vivek Ramaswamy, positioned itself as a self-proclaimed “leader in the pushback against ESG and DEI mandates” before pivoting to become “the first publicly traded asset management firm to adopt a Bitcoin treasury strategy” in September, via a merger with Asset Entities.

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Luke Kawa

GameStop surges after the White House shares its post celebrating Halo’s availability on PlayStation for the first time

GameStop is surging in premarket trading after the official White House account shared one of its posts on X this weekend along with a comment.

On Saturday, the gaming and collectibles retailer declared an end to the so-called “Console Wars” after Microsoft said that next year’s “Halo: Campaign Evolved” will be available on PlayStation, the first time a title from this video game series will be available on the competing console.

That post was then reshared by The White House’s official account on Sunday night, along with an image of President Donald Trump as the military sci-fi series’ protagonist (a genetically engineered super-soldier), and the phrase “Power to the Players,” GameStop’s tagline.

Toby Bochan, Luke Kawa
Market Wrap
10/24/25
S&P 500 ends the week with record closing high

What’s up? Stocks up.

Caricature illustration depicting three French bulls in a field. 'Le Rire' magazine 1902.
markets
Luke Kawa

Opendoor surges on bullish options bets as traders look to potential real estate tokenization

Opendoor Technologies is surging on Friday amid bullish options bets and social media posts referencing unconfirmed rumors about the company.

The stock moved higher in the premarket session after the soft inflation report boosted stocks and briefly pushed long-term bond yields lower (positive for a real estate company). But the real gains came after the opening bell rang and options demand picked up.

As of 12:11 p.m. ET, roughly 664,000 call options have changed hands versus a 10-day average of about 364,000 for a full session.

What seems to be galvanizing members of the “$OPEN Army” is the potential for the company to pursue the tokenization of real-world assets, with Robinhood often bandied about as a potential partner in this endeavor.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Opendoor bulls have often pointed to signs that Robinhood CEO Vlad Tenev appears to be fond of the company, from what appeared on-screen during a demo of a social trading feature at HOOD’s conference in Las Vegas in September to offering support to Opendoor CEO Kaz Nejatian in setting up an opportunity for retail shareholders to ask questions during the online real estate company’s next earnings call.

Opendoor is currently in a quiet period ahead of earnings, which restricts what type of announcements a company can make.

The call options seeing the most demand expire this Friday with strike prices of $8, $8.50, and $9.

Intel Earnings Researchers

Wall Street analysts see some issues with Intel’s earnings

Even with the US government as a partial owner, Intel’s turnaround has a long way to go.

Matt Phillips10/24/25

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