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NIO October deliveries: 34,246 — first year-over-year decline in 31 months. The 40% growth target now needs 60,946 a month. The all-time record is 48,135.

TL;DR: NIO printed October deliveries of 34,246 — down 15.2% year over year, the first decline in 31 months, and down 8.5% from September. Three weeks ago I published six checks that would prove my $2.95 bear case wrong. One of them — Q4 deliveries of at least 156,138 to hit the CEO's 40% growth floor — can already be graded. It failed in October.

The print, by brand

NIO brand: 18,125 — up 5.7% year over year, down 15.0% from September. ONVO: 8,383 — down 51.7% year over year. Halved. FIREFLY: 7,738 — a record month, up 30.9% year over year. Total: 34,246 — the lowest month since April.

The check, graded

The 40% growth year needs 456,439 deliveries. Through September NIO had 300,301, so Q4 needed 156,138 — about 52,046 a month. October delivered 34,246. November and December now need 121,892 between them: 60,946 a month, twice,

In this article

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Google’s problem is that chatbots are becoming an alternative to search, leading consumers to do a lot less clicking on blue links, and thus hurting Google’s ad revenue. Anthropic’s Claude chatbot and Meta’s recently launched Muse assistant are adding to the mix of options. Meanwhile, users are spending more time scrolling on Instagram, giving Meta more advertising opportunities.

“It’s a double-edged sword,

Avery Dennison beat Wall Street’s expectations in the third quarter of 2026, reporting adjusted earnings of $2.42 a share on revenue of $2.3 billion, ahead of forecasts for $2.32 and $2.26 billion, respectively. The label and materials company said sales rose 5% from a year earlier, while adjusted free cash flow remained strong at $246 million. Shares rose 0.84% in premarket trading to $182.22, then finished the regular session unchanged at that level.

• Growth in intelligent labels, especially in apparel and food, remained a major strategic focus.

At its current price of $182.22, the stock trades below InvestingPro’s Fair Value estimate, placing it among potentially undervalued opportunities in the materials sector. The company’s $13.8 billion market cap reflects a P/E ratio of 19.6 times earnings.

Avery Dennison said third-quarter sales rose to $2.3 billion from a year earlier, helped by organic growth and the Taylor Adhesives acquisition. Adjusted EPS increased 2% year over year

I heard about the insane overspend on the Minnesota prison, the prison was offered to the state for 75 million but was then bought for 495 million by the department of homeland security (DHS) back in August 2026. This made me think, "what a waste of tax payer money but how can I make money from this?", so I went digging!

Corecivic (CXW) owned the prison, they have a market cap of 3B and are reporting their earnings on November 4th.

Previous Quarterly Revenues:

• Q2 2026: 684 M * Q1 2026: 614 M * Q4 2026: 603 M * Q3 2026: 580 M

If this sale appears on the books this quarter, it will add a meaningful increase to their revenue and as part of the deal they will continue to operate the prison on a 75 M per year contract which increases their future forecast.

But that's not all, in the last quarter they sold 3 more facilities (California city, Otay Mesa, Midwest (Kansas)) to the DHS, totalling 2.2 B.

And again these were Massive overspends, the city had valu

Can someone explain to me in plain English why $NOW got hammered as much as losing $50B, roughly 1/3 of its market cap, in 1 day?

Yes, it’s a double miss for EPS and FCF in Q3 and $NOW lowered its cRPO guidance for Q4.

But it increased its FCF margin to 36% for 2026 and reduced its capex. While still growing cRPO 21% YoY and FCF 20% YoY.

I don’t get how this business was loved by many people (if not almost everyone) for a few months (especially after partnering with NVIDIA and other hyperscalers) and now it’s hated and the stock drops 30% in 1 trading day.

Is Mr. Market overreacting (once) again?

Hi

I currently own NU and I'm looking at Inter&Co (INTR) as a possible alternative. I don't want to hold both, since that would be the same Brazil digital-banking bet twice. I'd like people to challenge my numbers before I decide anything.

Where it stands (Oct 30 close) Price ~$4.01, down ~36% on Oct 26 after Lula won the runoff. NU fell ~21% the same day.

~6.2x trailing P/E, ~5x forward, ~0.9x book.

ROE ~16%, record Q2 net income of R$421M (+34% YoY).

At this price, using a ~9x exit multiple and a weaker real, the market seems to imply 2029 net income below 2026's. That's what caught my eye.

My rough 3-year scenarios

🐻 Bear (~$2.80, −30%): ROE stuck around 12%, BRL at 7.0, P/E ~5x. This is basically Brazil going bad and Inter never scaling.

⚖️** Base (~$9.20**): ROE ~19%, BRL at 6.0, P/E ~8.5x. Inter keeps growing and converges toward a "normal" Brazilian bank multiple, with no growth premium.

🚀 Bull (~$17): ROE ~22%, BRL at 5.4, P/E ~11x. Th