Wall Street Breakfast Podcast: Upvoted Into The S&P

Reddit (RDDT) is set to join the S&P 500, replacing AvalonBay Communities, boosting shares by ~12% pre-market on the index-inclusion catalyst. Applied Materials (AMAT) reported strong Q3 results and guidance, but the stock fell ~5% despite the beat, reflecting investors’ expectations after a 98% YTD run.

Analysis

Reddit (RDDT) is set to join the S&P 500, replacing AvalonBay Communities, boosting shares by ~12% pre-market on the index-inclusion catalyst. Applied Materials (AMAT) reported strong Q3 results and guidance, but the stock fell ~5% despite the beat, reflecting investors’ expectations after a 98% YTD run.