The S&P 500 has experienced a third consecutive day of gains, with notable attention on Bill Ackman's portfolio, which includes Microsoft, Meta Platforms, Amazon, and Netflix. Microsoft has seen a 34% increase over the past three months, although it remains 4% below its October high. Meta's shares are down 10% from their September peak but have risen 8% in the last three months.
Amazon's stock is down 8% from its August high, despite a recent 6% increase over three days. Netflix continues to struggle, down 50% from last year's high. In the airline sector, American Airlines and Southwest Airlines are facing significant declines, with American down 20% and Southwest down 18% over the past three months.
Upcoming earnings reports from both airlines are expected to be discussed on CNBC's 'Squawk Box.' Additionally, Tesla's recent earnings beat expectations, but the company reported a significant increase in capital expenditures, leading to a 22% decline from its December high. Elon Musk has suggested a potential merger between Tesla and SpaceX, contingent on shareholder support.
The article also notes that Boston Beer will report earnings after the bell, with its stock down 31% from its April high but up 6% over the past three months. Investors should monitor these developments closely as they may influence market trends and individual stock performance