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Happy Halloween! It’s the time of the year for scary movies, haunted houses and telling ghost stories. But the scariest thing I’ve seen this week? That’d be what happened to $SMCI yesterday. Plus, why Uber shares are trading lower despite beating estimates on both EPS and revenue.

—Aaron Bry

Plus, looking to take your options trading to the next level? Check out today’s partner, CBOE.

MARKET SNAPSHOT

Yesterday: Red day for the markets, with all major indices closing in the red. $RDDT was a notable gainer, closing up more than 40% after impressing investors with its earnings report.

On Our Radar: More earnings on the way tonight from mega-cap tech companies like Apple and Amazon. Plus, tomorrow we will get labor data ahead of the open.

TOP STORY

Super Micro Computer Stock Plummets Over 4% In Thursday Pre-Market: What's Going On?

What Happened: Shares of Super Micro Computer Inc took a hit, dropping another 4.38% Thursday morning, following the resignation of its independent auditor, Ernst & Young.

Why It Matters: SMCI closed 32.68% lower at $33.07 on Wednesday and at the time of writing, SMCI was trading at $31.56 during pre-market hours on Thursday, according to Benzinga Pro. Here’s why things could get worse before they get better for $SMCI.

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FIVE ZINGERS

What The Zuck: $META shares are taking a hit this morning after the company reported earnings yesterday afternoon. Here’s what’s going on.

Can’t Cover This Blemish: Estee Lauder shares got absolutely hammered this morning, unable to ‘make up’ for losses after its quarterly report.

Take It To The Bank: Jim Cramer is loving this financial stock, calling it one of the ‘most consistent companies’ on the market.

On Cloud 9: Cloud computing and AI were two of the main topics discussed during Microsoft’s earnings call. Here’s everything you need to know.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Uber Q3 Earnings: 31 Million Daily Trips, $1Billion Op Income

Basically: Uber reported fiscal third-quarter 2024 revenue growth of 20% year-on-year to $11.188 billion, beating the analyst consensus of $10.97 billion.

So: Uber reported GAAP EPS of 46 cents and adjusted EPS of 46 cents, which beat the analyst consensus of 41 cents. Here’s why the stock plunged after the report.

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This is a paid ad. Please see 17b disclosure here for more information.

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