Happy Thursday! Warren Buffett’s farewell tour as Berkshire Hathaway’s CEO isn’t going quite as investors expected. With his portfolio lagging the broader market and a critical 13F filing just days ahead, all eyes are on the Oracle of Omaha’s next move.

Also, legendary investor Michael Burry — the man who predicted the housing crisis — is back in the spotlight and is feeling the pressure after shorting Nvidia and Palantir. He insists it will all work out. Is history about to repeat itself?

Plus, check out Benzinga’s other newsletters, such as Future Finance and Advisor. It’s all free. From news and professional analysis to insights delivered straight to your inbox — we've got you covered.

Benzinga Survey: In Tuesday’s poll, RTB readers correctly predicted Cisco (68%) would beat Wall Street estimates, helping to keep RTB’s near-perfect record this quarter.

Next up: Applied Materials is set to report after the close today. Will they beat estimates? Vote and see the results.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• BENZINGA NEWSLETTER SPOTLIGHT

• MARKET HISTORY

Buffett Is Underperforming The S&P 500: See Which Stocks Are Dragging Him Down And What His Soon-To-Be 13F Could Reveal Soon

Warren Buffett’s final year as Berkshire Hathaway’s CEO is shaping up to be anything but a victory lap. While the S&P 500 surges ahead, Buffett has underperformed thanks to big bets this year which have turned into a big drag on his portfolio — a rare stumble for the Oracle of Omaha.

With a pivotal 13F filing just days away, the investing world is bracing for his next move. Read on to see which stocks are sinking his portfolio and where he might be going in his final quarter.

🤖 What Does It Take To Lead A Modern Brokerage In An AI-Driven World?

Recorded live at Benzinga’s Fintech Day, Webull ($BULL) CEO Anthony Denier joins Marketopolis to share how he’s leading a modern brokerage built for an AI-driven world.

From launching Vega, Webull’s personalized AI platform, to expanding across 14 markets and deepening connections with retail investors, this is a grounded look at innovation, access and the future of investing.

Yesterday: U.S. indexes finished mixed again, with the Dow Jones Industrial Average closing above 48,000 for the first time as optimism grew over a potential resolution to the record 43-day U.S. government shutdown. The blue-chip index extended its recent rally, while the Nasdaq edged lower, reflecting a divided market driven by reopening hopes and strength in financial shares. The prolonged shutdown has disrupted federal spending and delayed key economic data, leaving investors to rely on private indicators to gauge momentum. Meanwhile, the University of Michigan Consumer Sentiment Index fell to 50.3, the second-lowest reading on record. Historically, such periods of weak sentiment have often preceded strong equity gains, with the S&P 500 up 15% over the following six months and 25% over the next year.

On Our Radar: Another busy earnings week continues with Applied Materials (AMAT) and Credicorp (BAP) reporting after the market close today.

The Dow soared past 48,000 to break another record, and AMD (AMD) surged after projecting $1 trillion in revenue opportunities by 2030 at its analyst day. Meanwhile, Palantir (PLTR), Circle (CRCL) and Datadog (DDOG) tanked. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Wednesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Analyst Day: Investors are buying into the hype as AMD soared nearly 10% after it unveiled a bold AI vision with a $1 trillion market by 2030. Here’s why Wall Street analysts are split on the stock’s upside — and what this could mean for your portfolio.

Rally Season: Broadcom historically delivers its biggest gains between mid-November and mid-December, with an 87.5% success rate over the past 16 years. Read on to see the numbers behind the rally and why traders are betting on another seasonal surge.

Benzinga Fintech Day: After a two-year slump, fintech venture capital is shifting from AI hype to fundamentals, backing disciplined founders and sustainable business models. Read on to discover the trends, strategies and innovations shaping the next wave of fintech investment.

Rich Picks: Affluent consumers are driving luxury spending higher, creating a rare opportunity in select high-end stocks. Discover the four top luxury plays poised to thrive next year.

Brand Watchlist: The fastest-growing brands this year reveal where consumer dollars and attention are headed. From DoorDash and TikTok to ChatGPT and Uber Eats, these companies are riding the growth wave. Click here to see the full list.

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On This Day In 1998…

Social-networking startup theGlobe.com made Wall Street history with one of the biggest returns in IPO history. Priced at $9 per share, the stock skyrocketed to close its first day of trading at $63.50, marking a 606% first-day gain. The company, which allowed users to create personal web pages and interact online, generated enormous investor excitement despite minimal revenue and mounting losses. However, the company’s meteoric rise was short-lived, as the dot-com bubble burst and its stock collapsed, ultimately being delisted in 2001.

QUOTE OF THE DAY

“Have patience. Stocks don’t go up immediately.“

— Walter Schloss

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