Macy's Inc.  reported a third quarter loss  narrower than expected. The retail company’s adjusted loss for the three months ending in October was came in at -19 cents per share, better than the Street consensus forecast of -79 cents per share loss.In the prior-year quarter, earnings were in the positive territory, +7 cents per share. Revenues dropped -22% year-over-year to $3.99 billion, a figure that also exceeded analysts' estimates of  $3.86 billion. Same-store sales fell - 21% year-over-year.

FuelCell Energy  got a rating downgrade from J.P. Morgan analyst Paul Coster . Coster  lowered his rating on the fuel cell power-plant maker's  shares to neutral from overweight, on valuation concern. "The stock is up about 135% over the last month (S&P 500 up 3.4%), buoyed initially by a wave of regional 'climate ambition' initiatives associated with hydrogen and fuel cells, but also owing to a rerating of the alternative energy stocks on the back of the Biden election victory,” Coster wrote in a commentary.But Coster also said “the more dramatic move over the last three days seems to be taking place in absence of new news,". According to the analyst, FuelCell seems to be moving towards profitability in 2022, and its fundamentals look good.

Nvidia Corp.  beat Q3 earnings and revenue expectations.This includes impact of a major purchase from a China-based client, and its recent acquisition of Israel-based networking group Mellanox. Gaming revenue surged +37% year-over-year to $2.27 billion. According to Nvidia, gaming revenue is likely to  continue to accelerate.

New  jobless claims in the U.S. rose for the first time in five weeks, amid surging COVID-19 cases. According to the Dept.The figure is also higher than the 700,000 expected by Economists polled by FactSet. Continuing claims stood at 6.372 million for the week ended Nov. 7, down from a revised 6.801 million the previous week, the Labor Department showed. Meanwhile, the number of U.S. coronavirus cases topped 250,000 this week .

Boeing Co.  got an approval from  Federal Aviation Administration to have its  grounded 737 MAX aircraft back to service. According to FAA Administrator Steven Dickson, he was "100% confident" in the safety of the aircraft.  The 737 MAX was grounded in March of 2019 following fatal crashes in Ethiopia and Indonesia that killed 346 people.  "We will never forget the lives lost in the two tragic accidents that led to the decision to suspend operations," said CEO David Calhoun." The FAA's directive mentions requirements such as installing new flight control computer (FCC) software, revising the existing Airplane Flight Manual (AFM) to incorporate new and revised flightcrew procedures, installing new MAX display system.            

When Twitter (TWTR) announced third quarter earnings results on October 29, investors were disappointed.This sent the stock tumbling 21.1% on October 30 and it dropped another 4.6% on November 2—the next trading day. After those two big declines, the stock bounced back a little and appears to have stabilized in the $42.50 to $45 range in the last few weeks.

Pfizer Inc.  announce that the  coronavirus vaccine that is has developed with German partner, BioNTech , has a 95% efficacy rate, in its complete results from a late-stage trial.The result is an improvement from the interim results of efficacy rate of 90% last month, which was based a cohort of around 94 patients. The latest result is consistent across all age and race demographics and based on a total case cohort of 170, according to Pfizer.   A few days ago, Moderna  published a efficacy rated of 94.5% of its vaccine, based on early look of its late-stage trial. Pfzer and BioNTech said they the will apply for Emergency Use Authorization from the U.S. Food & Drug Administration in the coming days.

On Tuesday, cryptocurrency Bitcoin topped $17,000 for the first time in almost three years. After December 2019, the digital coin  a uneven uptrend, but has more then tripled since March 11. While digital currencies themselves could be relatively volatile, the underlying blockchain technology shows strong promise, and could lead to more crypto currencies in future.

Electric carmaker Tesla got  added to the S&P 500.Its shares will officially begin trading as part of the index on Dec. 21.The inclusion comes after the stock failed to it to the index during the latter’s quarterly rebalancing in early September. Tesla’s stock surged about +14% at 6:20 p.m. in New York, lifting Musk’s net worth to $117.5 billion, according to the Bloomberg Billionaires Index. On Saturday, Musk tweet read that he “most likely" had a moderate case of Covid-19 and has had symptoms of “a minor cold."

Revenue is expected to grow by 12.1% for the quarter. Walmart’s earnings are expected to come in at $1.18 for Q3 after coming in at $1.16 in the third quarter of last year.Revenue is expected to come in 3.3% higher. If we look at Tickeron’s screener, both companies are pretty highly rated.

Cisco beat its first quarter earnings expectations, while also topping revenue estimates. The IT and networking behemoth’s adjusted non-GAAP earnings for the three months ending in September fell -9.5% year-over-year to 76 cents per share, but was six cents ahead of the Street consensus forecast of 70 cents per share. Revenues dropped -9.6% year-over-year to $11.9 billion, but beat the Street  expectation of $11.85 billion.But services revenues rose +2% year-over-year to $3.34 billion. Looking ahead, Cisco expects full-year revenues to be -0.2% lower from last year.

Retailers with a strong presence in traditional shopping malls have been hit especially hard while retailers with stand-alone stores have fared much better. Obviously the sales are being impacted by the nature of the goods the companies sell as well.Because we are spending more time at home, people are looking to change their living spaces, whether it means buying a new home or modifying their current home to include a home office. Two of the biggest home improvement retailers, Home Depot (HD) and Lowe’s (LOW), are set to report earnings next week and both are expected to see solid earnings and revenue growth for the quarter.

Alibaba Group Holdings'   Singles Day sales has topped $75 billion, even higher than last year's record high. According to data published by Alibaba, gross merchandise sales on its group's 12th annual Global Shopping Festival was 498.2 billion Chinese yuan, or just over $75 billion. Last year's Singles Day sales were $38 billion. Sales on Singles Day itself were initially expected to generate $45 billion or more in total sales. Last month, Amazon garnered $10.4 billion sales in its two-day Prime Day event.

After former Vice President Biden was predicted the winner of the U.S. presidential election on Saturday morning, stock futures opened higher on Sunday evening.This news sent markets soaring higher all over the globe and U.S. index futures jumped anywhere from 4% to 7% on the Russell. Once the market opened we saw huge moves from certain industries and sectors.

On Tuesday, Walmart announced that next year it will kick-start a new pilot of electric-powered self-driving cars with Cruise, that’s a majority-owned subsidiary of General Motors. While the retail giant did not disclose terms of the deal, it did say that customers who live near the pilot in Scottsdale, Arizona can place an order from their local store and have it delivered by one of Cruise’s vehicles. Tom Ward, senior vice president of customer product for Walmart U.S also mentioned that the electric car project will help Walmart achieve its goals of delivering items to customers quickly, and to reach the company’s target of zero emissions by 2040.

American Airlines announced a secondary public offering of 38.5 million shares. Bank of America is the sole underwriter for the offering, and will have a 30-day option to purchase up to 5.775 million additional shares. This follows the air carrier’s announcement three weeks ago, where it mentioned that  that it will be selling, from time to time, shares of its common stock with an aggregate gross sales price of up to $1 billion.As of Nov. 9, the company had sold 57.86 billion shares of its common stock for a gross sales worth $702 million. 

Maker of plant-based meat substitute Beyond Meat Inc.  reported a surprise third quarter loss on coronavirus pandemic effect. Beyond Meat’s adjusted loss for the three months ending in September came in at -28 cents per share, vs. the Street forecast of a +5 cents per share profit.  Revenue increased +2.7% year-over-year to $94.4 billion, but was below short analysts' forecasts of $132.8 million . "We experienced the full brunt and unpredictability of COVID-19's impact for the first time in Q3, producing net revenues of $94 million, a sequential drop from record net revenues of $113 million in Q2," founder and CEO Ethan Brown told investors late Monday.

The aircraft was halted  in the spring of 2019 following crashes in Indonesia and Ethiopia that killed 346 people. According to a Reuters report earlier this week,  the Federal Aviation Administration (FAA) is in the final stages of its approval process for the aircraft. On Monday, it was reported  that the final approval could come on November 18. On October 29, Boeing CFO Greg Smith told investors,” We expect the 737 MAX delivery timing, along with the production rate ramp-up profile to continue to be dynamic as they will ultimately be dictated by the pace of the commercial market recovery, which has been slow and remains uncertain," and added, "There is no material change in the estimate for the total abnormal cost of $5 billion, and we expect these costs will be expenses incurred over this year and next year.

On Monday, Pfizer and BioNTech announced that their coronavirus vaccine was more than 90% effective in preventing Covid-19 among those without evidence of prior infection “I think we can see light at the end of the tunnel,” Pfizer Chairman and CEO Dr. Albert Bourla told CNBC’s Meg Tirell on “Squawk Box.” “I believe this is likely the most significant medical advance in the last 100 years, if you count the impact this will have in public health, global economy.” The coronavirus pandemic has claimed over 1.2 million lives worldwide. Pfizer’s findings were based on the first interim efficacy analysis conducted by an external Data Monitoring Committee from the phase three clinical study.By evaluating 94 confirmed Covid-19 infections among the trial’s 43,538 participants, the analysis was split between vaccinated individuals and those who received a placebo.

If you are going to buy a stock, you have to like the company, but you also have to like the price.” I went on to tell him how I believe that you have to look at the fundamentals because that tells you about the company.Me personally, I don’t do deep-dive analysis on a company’s financials—I’m not a forensic accountant. Cisco Systems (CSCO) is a perfect example of a stock where the company looks better than the stock.