BitFox
Nederlands Join for freeJoin
Calendar

Market calendar

Rate decisions, earnings and economic data in one place.

Next up
🔒 Members only

Never miss an important moment again

  • ▦
    The full calendarAll rate decisions, earnings and macro data, with sources.
  • ★
    Choose what you followOnly the topics you care about.
  • !
    Important newsWhat really matters, summarised briefly.
  • ⏰
    RemindersPut any moment in your own calendar in one click.
Join for free Free. Education, not advice.
Stocks and xStocks

Stocks this week: Delta cuts its profit outlook, power stocks jump and chips slide

· 5 min read · By the BitFox newsroom

Abstract illustration in orange, dark blue and teal of a row of office buildings with rising and falling arrows, with a small fox looking through a magnifying glass.

Research and illustration supported by AI. Checked by the BitFox newsroom.

In short

  • Delta Air Lines missed analyst expectations and lowered its 2026 profit outlook because of more expensive fuel.
  • Energy and utility stocks rose after a power deal between Google and Constellation Energy, while chip and telecom stocks fell sharply.
  • PepsiCo grew faster than expected but adjusted its outlook for earnings per share.
  • Next week the big US banks start reporting third quarter results.

An airline that sharply cuts its profit outlook, a tech giant buying nuclear power and a chip sector that loses 4 percent in a few days. Those are the company headlines of the week of 5 to 9 October.

This is a look back at news and figures. It is not advice and not a prediction.

Delta: revenue up, profit under pressure

Delta Air Lines reported third quarter results on Friday 9 October. Earnings per share came in at 1.72 dollars. According to Yahoo Finance, analysts expected 1.82 dollars. Revenue was 17.58 billion dollars, growth of almost 16 percent, but also slightly below the 17.76 billion that Bloomberg named as the expectation.

The cause is fuel. The fuel bill for the quarter was 4.1 billion dollars, 62 percent more than a year earlier. Delta expects about 6 billion dollars of extra fuel costs this year.

The company therefore lowered its outlook for earnings per share for the full year 2026 to 5.10 to 5.60 dollars. In July that was still 6.50 to 7.50 dollars. Expected free cash flow went down to 2.5 billion dollars.

According to TheStreet, CEO Ed Bastian said consumer response remains "quite strong". For the fourth quarter Delta expects about 20 percent more revenue. Those are the company's own expectations, not a forecast from BitFox.

PepsiCo: strong abroad, weak at home

PepsiCo reported on Thursday 8 October. Revenue came in at 25.27 billion dollars, up 5.6 percent. Adjusted earnings per share were 2.34 dollars. Zacks had 2.29 dollars as the average expectation and 24.88 billion dollars of revenue.

The differences are in the regions. Outside the United States, organic revenue grew 8 percent. In North America, soft drink volume fell 2 percent, and in snacks the margin shrank 2.8 percentage points, according to Zacks. CEO Ramon Laguarta pointed in the press release to "the scale and resilience of the international business".

PepsiCo keeps its outlook for organic revenue growth at around 3 percent and lowered its outlook for earnings per share. The sources describe the new range differently, so I do not name a percentage.

Power for AI: Google, Constellation and Vistra

On Tuesday 6 October Google and Constellation Energy announced a large power contract, Reuters reports. Google buys 890 megawatts of nuclear power for 20 years, from eleven units in Illinois, Pennsylvania and New Jersey that are being upgraded. The first upgraded plant is expected to deliver in 2028. There is also a separate contract for 2,700 megawatts over 15 years. Constellation invests more than 4.3 billion dollars in its plants.

According to The Glass Desk, Constellation gained 15.76 percent that week. Vistra rose 15.33 percent after an offer from the US Department of Energy for a loan of up to 4.2 billion dollars. The utilities sector gained 3.97 percent and was one of the best of the week.

Chips and Apple under pressure

Chip stocks had a heavy week. The SOX semiconductor index lost 4.30 percent after the Financial Times reported that OpenAI's annual revenue came in at around 50 billion dollars, about 20 billion below the figure that was going around. Arm lost 13.40 percent, Intel 12.26 percent, CoreWeave 8.41 percent, Lam Research 8.24 percent and Nvidia 2.00 percent.

A counterpoint came from Lumentum. CEO Michael Hurlston told Bloomberg Television that production capacity for optical components is "completely sold out" until early 2029. Applied Optoelectronics rose 7.47 percent on that.

Apple slid about 2.2 percent after a report from Nikkei Asia that orders of parts for the iPhone 18 Pro have been cut by 15 to 20 percent in October. Supplier Skyworks lost 6.41 percent. HP fell 6.04 percent on a report that global PC sales in 2027 could drop by a low single digit percentage.

SpaceX, telecom and healthcare

On Friday it became known that SpaceX is buying a package of mobile spectrum from Grain Management, reportedly for about 8 billion dollars. T Mobile, AT&T and Verizon lost between 8.7 and 9.3 percent that day, according to The Glass Desk. Tower company Crown Castle rose between 8 and 11 percent, which TheStreet calls the reaction to the bid.

In healthcare, Humana rose about 12 to 14 percent after the US health authority CMS put an important Medicare Advantage contract back at 4 stars. CVS fell 3.23 percent on a disappointing star rating. Farm machinery maker Deere lost 9.62 percent after an investigation by the FTC and the Department of Agriculture into repair and dealer practices.

Sectors in one sentence

Consumer staples and energy both gained 3.60 percent and healthcare 2.79 percent. Technology was the weakest sector in the S&P 500 with a drop of 0.52 percent. Since the start of the year energy is up more than 48 percent and technology almost 39 percent, according to The Glass Desk.

What comes next week

The third quarter reporting season starts on Tuesday 13 October. JPMorgan, Goldman Sachs, Citigroup, Wells Fargo, UnitedHealth and Johnson & Johnson publish before the open. On Wednesday Bank of America and Morgan Stanley follow, and on Thursday TSMC reports, the first look at chip demand since the sell off.

Seeking Alpha names as the average analyst expectation for JPMorgan earnings per share of 5.90 dollars on 51.5 billion dollars of revenue. For Citigroup that is 2.66 dollars on 23.7 billion and for Bank of America 1.19 dollars on 31.3 billion. Another source names 5.93 dollars for JPMorgan, so the figures differ slightly per provider. These are expectations of others, not a forecast from BitFox.

On Wednesday 14 October the US inflation figure for September is also published. This piece is news and explanation, not advice to buy, sell or hold anything.

Sources

Share: WhatsApp LinkedIn X
Note: This is education and not financial advice. Investing and crypto carry risk and you can lose your deposit.

The best explainers in your inbox every week

Also read

Tesla
Stocks and xStocks

Tesla's flying Roadster is spectacular, but who pays?

16 October 2026 · 7 min read
Stockmarket
Stocks and xStocks

The S&P 500 is rising, but not every stock is winning

12 October 2026 · 6 min read
Abstract illustration in orange, dark blue and teal of a balance scale with a stack of coins on one side and a small fox on a profit column on the other
Stocks and xStocks

The P/E ratio: how many years of profit you pay for a share

10 October 2026 · 4 min read