In his inaugural address, Trump said the US would “pursue our manifest destiny into the stars, launching American astronauts to plant the stars and stripes on the planet Mars.”
Shares of companies that could plausibly be associated with such an endeavor are on a tear. Rocket Lab USA spiked more than 20% in early trading, with Intuitive Machines and Redwire also up double digits.
Wall Street tends to be a pretty optimistic place. But on one measure, market watchers are the most optimistic on record.
FactSet data shows the consensus estimate for S&P 500 net profit margins in calendar year 2026 calls for the gauge to climb to 13.9% in 2026.
But if borne out by events next year “it will mark the highest (annual) net profit margin reported by the index since FactSet began tracking this metric in 2008,” wrote John Butters, senior earnings analyst at the financial data company.
A recent story from Barron’s also commented on the expectations for especially fat profit margins embedded into forecasts for next year.
“We are in the golden age of margins,” RBC’s Capital Markets’ head of US equity strategy, Lori Calvasina, told the magazine.
That’s good news for investors looking forward to next year. But the follow up question, of course, is where the growth in profitability is expected to come from. The answer, as you might have guessed, is tech. Though the precise mechanisms by which those profits land in the coffers of the giant tech firms remains something of a mystery. Barron’s doesn’t get into the details, saying “call it benefits from AI, pricing power, or whatever.”
That doesn’t exactly sound like money in the bank. But even die-hard haters of AI have to acknowledge that betting against the ability of giant tech companies to generate massive profit growth has been a bad trade for the last couple decades.
But if borne out by events next year “it will mark the highest (annual) net profit margin reported by the index since FactSet began tracking this metric in 2008,” wrote John Butters, senior earnings analyst at the financial data company.
A recent story from Barron’s also commented on the expectations for especially fat profit margins embedded into forecasts for next year.
“We are in the golden age of margins,” RBC’s Capital Markets’ head of US equity strategy, Lori Calvasina, told the magazine.
That’s good news for investors looking forward to next year. But the follow up question, of course, is where the growth in profitability is expected to come from. The answer, as you might have guessed, is tech. Though the precise mechanisms by which those profits land in the coffers of the giant tech firms remains something of a mystery. Barron’s doesn’t get into the details, saying “call it benefits from AI, pricing power, or whatever.”
That doesn’t exactly sound like money in the bank. But even die-hard haters of AI have to acknowledge that betting against the ability of giant tech companies to generate massive profit growth has been a bad trade for the last couple decades.
Opendoor Technologies gained in early trading after CEO Kaz Nejatian touted an explosion in the company’s home-buying footprint.
In a message on X, the former Shopify COO posted two maps: one of which depicts a fairly limited area in which the online real estate company would buy or sell homes, and the second of which suggests that has now expanded to include the entire lower 48:
Big launch week at @Opendoor.
— Kaz Nejatian (@CanadaKaz) December 22, 2025
ZIP codes where @Opendoor buys homes. pic.twitter.com/UplMd4sXJE
In a follow-up tweet, Nejatian attributed the gains to AI, writing, “First pic took 10 *years* of work without AI. Second pic took 10 *weeks* of work with AI.”
On his first earnings call as CEO, Nejatian said the company had adopted a “default to AI approach.”
One of his first pledges was to launch Opendoor everywhere in the lower 48.
As millions begrudgingly make their way to the rental car counter amid the winter holidays, investors are pouring into calls and sending Hertz stock soaring.
As of 10:51 a.m. eastern, Hertz had seen 17,861 calls traded. That’s already significantly ahead of the 20-day average volume of 12,956. Hertz shares are up more than 12%.
If Hertz’s price action holds, the move will mark its ninth-best trading day of 2025.
Optical communications company POET Technologies is up double digits in early trading on Monday as this potential supporting player in the AI boom gets a bid from the options market.
Just an hour after the opening bell sounded, call volumes are already running well above their five-session average for a full day.
The stock became a retail favorite in early Q4 right before many speculative trades began to retreat, with record call volumes of nearly 600,000 on October 7. The last big bump in options activity came on December 3, the session after Marvell’s acquisition of Celestial AI, a customer of POET, offered some validation for its technology as a data center solution.
Nintendo’s popular bundle that packaged the Switch 2 with “Mario Kart World” is seemingly going out of production, per a post on X from GameStop.
Shares of the console maker fell more than 3% after markets opened on Monday, implying some worry from investors that consumers may not be so willing to pay the game’s elevated $80 price tag (it’s valued at $50 in the bundle). About 9.6 million copies of the game have sold since the Switch 2 released in June, a figure that includes the bundled version.
The Switch 2 itself is still looking solid, sales-wise. It was pacing 68% ahead of the original Switch in October, though November saw a sharp market-wide spending drop-off on consoles according to data from Circana. Sony’s PS5 outsold the Switch 2 in both units and dollars last month.
