Market Movements: Stock Rally Amid Mixed Earnings and Strategic Partnerships
Cleveland-Cliffs (CLF) defied expectations with a significant stock rally despite missing third-quarter estimates. Archer Aviation (ACHR) gained traction following a substantial investment, while Beyond Meat (BYND) surged in what analysts suspect was a short squeeze.
Alphabet (GOOGL) climbed as analysts lauded its prospects ahead of earnings, though its subsidiary Waymo faces scrutiny over autonomous vehicle safety NEAR school buses. Replimune (REPL) skyrocketed after resubmitting a successful Biologics License Application.
WeightWatchers (WW) partnered with Amazon (AMZN), propelling its shares upward. Meanwhile, Snowflake (SNOW) and Advanced Micro Devices (AMD) rose on bullish analyst coverage and endorsements from HP's CEO, respectively. Tesla (TSLA) also advanced amid expansion plans.