BA down 10.7% on 737 production delay to late 2027

The 10-year Treasury yield settled at 5.00% Monday — a round level that focuses attention on discount rates and debt-servicing costs across rate-sensitive sectors. The VIX printed at 18.4, elevated relative to the year's floor but not in distress territory.

$BA down 10.7% — Boeing defers 737 production ramp to late 2027

Boeing had the session's largest single-stock move and the clearest catalyst. The company reported a Q3 net loss of $116 million, with EPS of -$0.34 against an estimated -$0.20. The earnings miss was secondary to the production disclosure: Boeing will not accelerate 737 output until late 2027, pushing its profitability recovery timeline out by another year. Shares fell 10.7%, their worst single-session drop since 2020.

Broadcom's $63 billion Anthropic commitment pulls the AI chip complex higher

Broadcom secured $63 billion in financing to build AI chips for Anthropic, with the company's CEO confirming capital access after some lenders had reportedly weighed exiting. The announcement lifted the AI infrastructure group: $AVGO added 4.0%, $AMD rose 5.5% on separately disclosed Meta partnership activity, and $INTC gained 3.6%, aided by its own $2.3 billion acquisition of quantum computing software — a deal Intel described as establishing a full-stack quantum computing business.

Pre-earnings positioning: GEV and PSX split

$GEV rose 4.7% ahead of its Wednesday morning earnings report. Wall Street projects earnings roughly triple the year-ago quarter, with order growth expected to outpace revenue — the backlog metric that energy-transition investors track. $PSX fell 7.0% ahead of its own Wednesday Q3 report. Analysts have raised estimates 24% recently and are projecting a 375% profit increase on wider refining margins; the pre-report selling reflects positioning against a consensus that has moved sharply higher.

Other movers and earnings results

$TSLA rose 4.0% after Texas DMV data showed Cybercabs now account for 544 of Tesla's 1,051 authorized state robotaxi vehicles — a measurable step in the fleet's commercial rollout. $ADBE fell 4.0% and $ORCL gained 3.5%; available reporting produced no clean dateable catalyst for either. Among reported earnings: $FCX posted a $1.2 billion quarterly profit and raised full-year guidance; $KO reported strong Q3 results and lifted its full-year profit outlook; $V disclosed record annual revenue of $46 billion, up 15%, and raised its quarterly dividend to $0.78. $EQIX reports Wednesday; the numbers will be read alongside Vertiv and KLA results as a gauge of whether AI infrastructure demand is still expanding. Welltower ($WELL) fell 5.8% on continued post-earnings selling; that story ran in Monday's briefing.

Filings desk

Goldman Sachs CEO David Solomon disclosed a $65 million share sale. At Costco, a VP received a $4.6 million stock grant with $3.8 million withheld for taxes — a new transaction at a company whose insider activity we flagged twelve days ago.

What we set aside: Fifteen filings were held because disclosed events occurred more than 36 hours prior. One annual-meeting filing was set aside as routine corporate housekeeping. WMB was examined and produced no substantive news within the window.

Tomorrow the desk is watching GE Vernova and Equinix earnings before the open.