A broadly green day for the watchlist on a flat tape. Cloudflare led, and Meta’s New Mexico case put a large legal number back in view.
Movers with a reason#
- NET — $359.49, +2.99% | money rotated into high-beta cloud names; there was no company news. It closed just under its $367.43 52-week high after roughly 33% in a month, so momentum is getting crowded | Hold (medium)
Company news worth knowing#
- META ($741.90, +1.90%): New Mexico asked a judge for $35–40B in penalties after a jury found Meta misled users about data privacy. The judge hasn’t ruled, and any penalty would likely be appealed. Hold (medium)
Analyst calls worth flagging#
- MSFT ($525.18, +1.48%): Melius upgraded it to Buy with a $665 target. Its case is that Microsoft looks like the “adults in charge” as the AI debate turns to safety and security. Hold (high)
Quiet: RDDT +1.73%, AMZN −0.05%.
Earnings are expected Oct 28 for MSFT and META, and Oct 29 for AMZN, NET and RDDT.