U.S. Stocks to Watch: Tesla, DraftKings, Expedia, Block, Affirm, Airbnb, Opendoor, JFrog, and More

Dow Jones
Nov 07

Stock futures were recovering Friday as investor sentiment stabilized following weak labor-market data.

These stocks were poised to make moves:

Tesla rose 0.6% after shareholders approved a pay package for Elon Musk, which could earn the electric-vehicle maker’s chief executive more than $1 trillion if Tesla meets all performance incentives. More than 75% of shareholders supported the pay package for Musk, who had threatened to leave if the measure was rejected. Musk expressed his “heartfelt thanks” for shareholder support. “I super appreciate it,” he said in prepared remarks.

Shares of Expedia surged 16% after the online travel agent boosted fiscal-year guidance for revenue and gross bookings. In the third quarter, Expedia said booked room nights grew 11%, “driven by the fastest U.S. growth in three years and continued international strength,” and total gross bookings rose 12%.

Third-quarter revenue at Airbnb rose 10% to $4.1 billion from a year earlier and topped analysts’ estimates of $4.08 billion. Gross booking value was $22.9 billion, higher than Wall Street estimates of $21.9 billion. Airbnb said it continued to see strong demand in October, specifically with longer lead time bookings. The short-term rental company guided for fourth-quarter revenue of $2.66 billion to $2.72 billion versus forecasts of $2.67 billion. Shares climbed 4.7% ahead of the open.

Videogame developer Take-Two Interactive Software fell 4.9% as it announced that Grand Theft Auto VI again would be delayed, this time to Nov. 19, 2026. The game’s original release date had been fall 2025 but that was pushed back to May 2026. Take-Two’s announcement overshadowed an increase in its fiscal-year sales outlook.

Block tumbled 15% after the parent of Square and Cash App reported third-quarter adjusted earnings of 54 cents a share, below analysts’ estimates of 68 cents, on revenue of $6.11 billion that also came up shy of forecasts.

Affirm, the buy now, pay later platform, rose 11% after posting fiscal first-quarter profit of 24 cents a share, a swing from a year-earlier loss of 31 cents.

DraftKings fell 7.3% after the sportsbook reported a third-quarter loss that was wider than expected on revenue that also missed forecasts, and cut its full-year revenue outlook. Guidance, DraftKings said, takes into account the launch of DraftKings Predictions in the coming months.

Opendoor Technologies, the online homebuying platform, tumbled 20% after posting a wider-than-expected third-quarter loss as sales fell to $915 million from $1.38 billion a year earlier. The company’s new CEO, Kaz Nejatian, said in a statement that Opendoor was “refounding” as a software and AI company. “In my first month as CEO, we’ve made a decisive break from the past—returning to the office, eliminating reliance on consultants, and launching over a dozen AI-powered products and features that demonstrate our renewed velocity,” Nejatian said.

Peloton Interactive rose 8.1% after the at-home fitness company swung to a profit in its fiscal first quarter and forecast revenue of $665 million to $685 million in its current second quarter, versus expectations of $665.2 million.

Shares of JFrog, the software supply chain company, surged 27% after posting better-than-expected adjusted earnings in the third quarter and issuing fourth-quarter and fiscal-year guidance that also topped analysts’ estimates.

Nvidia ticked up 0.2%. Shares of the leading maker of artificial-intelligence chips declined 3.7% on Thursday, swept up in wave of selling of big tech companies amid worries over high valuations. Nvidia has fallen for three consecutive sessions and has lost 9.1% over the span.

Palantir Technologies, which sells AI software to manage and analyze large amounts of data, also fell Thursday, declining 6.8%. Palantir has dropped more than 15% since reporting quarterly earnings after the closing bell Monday. The company’s market cap on Thursday declined $30.63 billion to $417.2 billion, according to Dow Jones Market Data. The stock was up 0.2% in premarket trading.

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