Stock Futures Mixed on Busy Earnings Day; Chip Stocks Gain; Health Shares Plummet on Report of Flat Medicare Payments Proposal

‘Big Short’ Investor Michael Burry Says He’s Betting on This OG Meme Stock

FROM 2 minutes ago

An OG meme stock just got a vote of confidence from a famous investor.

Michael Burry, the former founder and CEO of Scion Asset Management—who inspired the film and book “The Big Short” and is best known for predicting the 2008 financial crisis—said he’s now putting his weight behind a $10 billion video-game and trading-car retailer: GameStop (GME).

“I own GME. I have been buying recently,” Burry wrote in his Substack newsletter Monday, according to CNBC. Burry could not be reached in time for publication.

Read the full article here.

–Kara Greenberg

American Airlines Stock Rises on Rosy Profit Forecast

FROM 32 minutes ago

American Airlines’ fiscal fourth-quarter results came in below analysts’ expectations. Its fiscal 2026 profit forecast did not disappoint investors.

Shares of American Airlines Group (AAL) rose 3.5% before the bell Tuesday after it forecast full-year adjusted earnings per share of $1.70 to $2.70. The midpoint of the range was well above the consensus estimate of $2.02 of analysts surveyed by Visible Alpha.

For Q4 2025, the Dallas-based carrier reported adjusted EPS of $0.16 on operating revenue that increased 2.5% year-over-year to a tick below $14 billion. Analysts were looking for $0.36 and $14.04 billion, respectively.

American said the U.S. government shutdown had a negative revenue impact of about $325 million in the fourth quarter.

Like rivals Delta Air Lines (DAL) and United Airlines (UAL), American was profitable for 205 but lost money actually flying passengers, recording a higher cost per available seat mile (CASM), 17.76 cents, than passenger revenue per available seat mile (PRASM), 16.58 cents. Southwest Airlines (LUV), the other one of the “big four” U.S. carriers by revenue, is set to report Q4 results Thursday and had a far higher CASM than PRASM through three quarters.

American Airlines shares were down about 15% over the past year through Monday.

Why Two ‘Idiots’—Elon Musk and the CEO of Ryanair—Are Going at It

FROM 1 hr 10 min ago

All the world’s a stage for Elon Musk and Ryanair’s Michael O’Leary. The rest of us? Mere spectators.

A disagreement between the aerospace company and the the budget airline operator has evolved into a full-blown public beef as the executives—Musk, of SpaceX, and Ryanair’s O’Leary, neither who are strangers to confrontation or shy about making dramatic public comments—have egged each other on in a series of interviews and social media posts.

This round of sparring appears to have started on Jan. 14, when Ryanair said it wouldn’t equip its planes with SpaceX-owned Starlink satellite internet service, citing fuel costs and the lack of demand from customers who take its shorter flights. When a user of X, another Musk-owned company, referenced a Reuters article with O’Leary’s comments, Musk replied, calling the airline CEO “misinformed.”

O’Leary escalated, saying on Irish radio station Newstalk: “I would pay no attention whatsoever to Elon Musk. He’s an idiot—very wealthy, but he’s still an idiot.” Musk responded to a clip of that interview: “Ryanair CEO is an utter idiot,” he said. “Fire him.”

The beef continued to escalate from there. Ryanair used its X account to mock Musk, first over a reported outage on X with the comment, “Perhaps you need Wi-Fi @elonmusk?” Musk responded, saying: “Should I buy Ryan Air and put someone whose actual name is Ryan in charge?”

Read the full article here.

–Crystal Kim

Stock Futures Mostly Rise on Busy Earnings Day

FROM 1 hr 40 min ago

Futures contracts connected to the Dow Jones Industrial Average were down 0.2%.

S&P 500 futures pointed 0.2% higher.

Nasdaq 100 futures advanced 0.6%.