Nasdaq Rises Over 100 Points; 3M Earnings Top Views

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Braze, Inc. (Nasdaq – BRZE), ES Bancshares, Inc. (OTCQX – ESBS), GoPro, Inc. (Nasdaq – GPRO), Bumble Inc. (Nasdaq – BMBL)

Brodsky & Smith law firm is investigating four merger transactions to determine whether company boards breached fiduciary duties by failing to conduct fair processes and pay fair value to shareholders. The investigations involve Braze (being acquired by Salesforce for $47.50/share), ES Bancshares (acquired by Dime Commercial for $8.39/share), GoPro (acquired by Starman Optical for $1.14/share), and Bumble (acquired by Ithaca Holdings for $6.05/share).

Why Braze Stock Skyrocketed Today

Salesforce announced it is acquiring Braze for $5.66 billion in an all-cash deal, with Braze shareholders receiving $47.50 per share. Braze stock surged 51.1% on the news, while Salesforce declined slightly as investors assessed the acquisition. The deal is expected to close in Salesforce's fiscal 2028, and Braze's marketing platform will complement Salesforce's existing product suite.

Hasbro Posts Upbeat Q3 Earnings, Joins Myriad Genetics, Equifax And Other Big Stocks Moving Higher On Tuesday

U.S. stocks mixed; Dow rose 400 points. Hasbro surged on strong earnings and outlook, while Braze, Myriad Genetics and others gained.

General Motors (GM) Q3 Earnings and Revenues Top Estimates

General Motors reported Q3 2026 earnings of $3.7 per share, beating consensus estimates of $3.55, with revenues of $50.02 billion exceeding expectations by 3.75%. However, GM shares have gained only 1.8% year-to-date versus the S&P 500's 12.4% gain. The stock received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market. Tesla, also in the automotive sector, is expected to report results on October 21 with revised downward earnings estimates.

GM CFO Says Prices For Copper, Some Steel Products Up 10% - 15% Since July; Commodity Costs Could Worsen By $2B In 2027 If Recent Inflation Trend Holds

General Motors Profit Outlook Disappoints, Stock Sinks

General Motors stock falls premarket despite Q3 earnings beat as narrowed 2026 profit guidance misses Wall Street expectations.