Extreme Profit Divide with Some Gaining Huge Earnings While Others Facing Steep Losses

Societe Generale (GLE) received capital and leverage requirements from the ECB for 2027. The P2R is set at 2.37% (1.39% CET1), with CET1 minimum at 10.41%, Tier 1 at 12.33%, and Total Capital at 14.89%. Leverage minimum is 3.6%. As of June 30, 2026, SG reported CET1 at 13.2% and leverage at 4.3%, both above the requirements.

SAIC (NYSE:SAIC) reported strong Q2 earnings, beating estimates and seeing its stock rise 14% to $143.56. Amentum (NYSE:AMTM) missed revenue expectations by 2.2%, with shares down 13.3% to $21.19. Booz Allen Hamilton (NYSE:BAH) reported a 4.2% revenue decline but beat EPS estimates, with shares up 20.4% to $79.34. ICF International (NASDAQ:ICFI) reported flat revenues but beat EPS estimates, with shares up 9.3% to $93.26.

BYD led China's NEV retail sales in September with 246,816 units, a 22.8% market share, despite a 16.7% year-over-year market decline. Tesla climbed to fourth place with 64,837 sales, up 29.6% from August. Leapmotor grew 30.8% year-over-year, the only top-five maker to do so. Total NEV retail sales fell to 1.084 million, below initial estimates.

RTX's Raytheon received a $729M contract for C-UAS systems. Boeing tested MQ-25 software, enabling autonomous coordination. The Navy awarded MQ-25A production contracts and tested automatic landing gear retraction. AeroVironment's VideoRay demonstrated autonomous mine countermeasures. Lockheed Martin delivered a C-130J for TACAMO conversion, with Northrop Grumman integrating systems. ThinKom provided SATCOM antennas for the E-130J Phoenix II. XTEND, Orqa, and Swarm received DoD drone awards.

Cognex (CGNX), Insight Enterprises (NSIT), and SAIC (SAIC) fell 4%, 3.8%, and 2.8% respectively, as September inflation rose to 3.7%, surpassing expectations and driving bond yields higher. Elevated inflation and interest rates may compress valuations, particularly in growth sectors like technology. Cognex's volatility continues, with shares down 20.5% from their 52-week high. Truist lowered its price target for Cognex to $74, maintaining a Hold rating.

SAIC appointed Kenneth B. Crews as CFO, effective December 7, 2026. He will replace Prabu Natarajan, who will transition to lead the Civilian Business Group. Crews has over 20 years of experience in defense and government services, most recently as CFO at Northrop Grumman. According to the company, Natarajan will continue in his role until a successor is appointed.