Palantir drops 7.5% as large-caps sink after earnings — investingLive Earnings Movers Yesterday (Nov 3 AMC)
Earnings Analysis: Large-Caps Turn Sharply Negative After Market Close Yesterday
Out of 11 major stocks that reported earnings after market close yesterday (Nov 3), the big-cap group delivered a clearly negative picture. We’re focusing here on the largest 11 companies by market capitalization, not the entire list of reporters.
Key Statistics — Earnings Results Snapshot
Average expected move: 6.8 %
Average actual move: -2.2 %
Median move: -1.2 %
Share of decliners: ≈ 82 % (9 of 11 stocks fell)
Average realized vs expected move: about 32 % of implied — actual reactions were smaller than the volatility priced in.
Stocks moving ≥ 68 % of expected move: Palantir (-7.5 % on 10.1 %), BWX Technologies (-6.6 % on 11.8 %), Vertex (-4.8 % on 6.9 %) — the night’s high-volatility outliers.
| Symbol | Company | Expected Move % | Actual Move % | Market Cap ($ B) | Result |
|---|---|---|---|---|---|
| VRTX | Vertex Pharmaceuticals | 6.9 | -4.8 | 109.2 | Down |
| WMB | Williams Companies | 3.7 | -2.8 | 72.1 | Down |
| SPG | Simon Property Group | 5.2 | +0.9 | 57.6 | Up |
| O | Realty Income | 3.6 | -0.7 | 53.2 | Down |
| PLTR | Palantir Technologies | 10.1 | -7.5 | 48.6 | Down |
| FANG | Diamondback Energy | 7.1 | -1.2 | 40.9 | Down |
| FNV | Franco-Nevada | 6.8 | -0.2 | 36.2 | Down |
| SBAC | SBA Communications | 7.1 | -0.1 | 20.8 | Down |
| BWXT | BWX Technologies | 11.8 | -6.6 | 19.7 | Down |
| CTRA | Coterra Energy | 4.6 | -1.6 | 18.6 | Down |
| CRBG | Corebridge Financial | 6.7 | 0.0 | 16.7 | Flat |
Quantitative Takeaways — Earnings Trends Yesterday
Breadth: 9 of 11 declined → broad selling across large-caps.
Average drop among decliners: -2.9 %.
Biggest losers: Palantir (-7.5 %) and BWXT (-6.6 %).
Only gainer: Simon Property (+0.9 %).
Post-earnings volatility: Options markets largely over-priced risk versus realized reaction.
Market Read — Earnings Momentum Turns Down
Mathematically, the earnings picture yesterday was decisively bearish.
Large-caps underperformed expectations, confirming a risk-off tone rather than isolated weakness.
What Traders Can Watch Next
PLTR & BWXT: High-volatility setups (> 60 % of expected) could stay active intraday.
SPG: Only positive mover — potential relative-strength candidate if indices rebound.
Overall bias: Negative breadth may weigh on today’s opening sentiment in equities.
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