THC

Earnings Performance: Tenet Healthcare reported Q3 2025 adjusted EPS of $3.70, exceeding estimates by 11.1%, with a year-over-year increase of 26.3%. Net operating revenues rose 3.2% to $5.3 billion, driven by strong performance in Hospital Operations and Services and the Ambulatory Care segment.

Financial Outlook: The company revised its net operating revenue guidance for 2025 to between $21.15 billion and $21.35 billion, indicating a 2.8% growth from 2024. Adjusted EBITDA is expected to be between $4.47 billion and $4.57 billion, reflecting a 13% increase from the previous year.

Investor Sentiment: Despite recent positive earnings, estimates for Tenet have been trending downward, leading to a Zacks Rank of #3 (Hold). The stock has a strong Growth Score of A but a lower Momentum Score of D, indicating mixed investor sentiment.

Industry Comparison: Tenet is part of the Zacks Medical - Hospital industry, where competitor Universal Health Services reported a 13.4% revenue increase and has a Zacks Rank of #1 (Strong Buy), highlighting a contrasting performance within the sector.

Market Rally Driven by Fed Expectations: Wall Street experienced a significant rally as traders increased bets on a Federal Reserve interest rate cut next month, following dovish comments from key officials, with a 77% chance now assigned to a 25-basis-point cut at the December meeting.

Tech Stocks Lead Gains: The Nasdaq 100 surged 2.4%, with semiconductor stocks like Broadcom and Micron leading the charge, while Alphabet's market cap surpassed Microsoft's, making it the third-largest publicly traded company.

Bitcoin and Commodities Performance: Bitcoin rose 0.5% to $87,000, indicating a pause in the recent selloff, while gold and silver also saw gains, with gold up 0.8% to $4,100 and silver up 1% to $50.50.

Major Indices and ETF Movements: The S&P 500 and Russell 2000 also posted gains, with the tech-heavy Invesco QQQ Trust rallying 2.3%, while the Consumer Staples Select Sector lagged behind, down 0.9%.