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
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Average expected move: 6.8 %
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Average actual move: -2.2 %
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Median move: -1.2 %
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Share of decliners: ≈ 82 % (9 of 11 stocks fell)
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Average realized vs expected move: about 32 % of implied — actual reactions were smaller than the volatility priced in.
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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.
Quantitative Takeaways — Earnings Trends Yesterday
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Breadth: 9 of 11 declined → broad selling across large-caps.
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Average drop among decliners: -2.9 %.
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Biggest losers: Palantir (-7.5 %) and BWXT (-6.6 %).
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Only gainer: Simon Property (+0.9 %).
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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
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PLTR & BWXT: High-volatility setups (> 60 % of expected) could stay active intraday.
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SPG: Only positive mover — potential relative-strength candidate if indices rebound.
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Overall bias: Negative breadth may weigh on today’s opening sentiment in equities.
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This article was written by Itai Levitan at investinglive.com.