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Live Coverage Has Ended

Amazon is Go for Launch

Photo of Rich Smith
By Rich Smith Published

Live Blog Update #3 Published

← Back to Full Coverage: Stock Market Live November 21: S&P 500 (VOO) Bounces Higher on Positive Fed Commentary

With a handful of satellites now in orbit, Amazon.com (Nasdaq: AMZN | AMZN Price Prediction) has renamed its new “Project Kuiper” satellite communications constellation “Amazon Leo” instead — LEO referring to the satellites’ location in “Low Earth Orbit.”

Amazon just announced it will launch its next batch of satellites December 15, aboard a United Launch Alliance Atlas V rocket, and still aims to have “more than 3,000 spacecraft” in orbit eventually, competing with SpaceX Starlink. A successful launch will bring Leo’s status to 180 satellites in orbit. The company expects it will need to launch a total of at least 80 times to complete the constellation.

Amazon stock is up a modest 0.2% today, but the Voo is now gaining strength again, and up 0.5%.

All Updates from Live Coverage

Gap Up

| Rich Smith
Live

One more earnings report from last night deserves mention:

Clothing store chain The Gap (NYSE: GAP) beat Q3 earnings by four cents, reporting $0.62 per share in profit on sales of $3.94 billion — about $40 million more than expected. Gap management also raised the floor on its forecast for fiscal 2025 sales growth, which should now grow between 1.7% and 2%, and raised its guidance for profit margin as well.

Gap stock is currently up 4.5%. The Voo, however, has once again reversed and is now down 0.2%.

BJ's Beats

| Joel South
Live

In other earnings news this morning, BJ’s Wholesale Club (NYSE: BJ) just reported six cents better earnings than expected for its fiscal Q3 2026. Earnings per share were $1.16, while revenue for the quarter nailed the analyst forecast of $5.35 billion.

BJ’s then proceeded to give strong guidance for the rest of fiscal 2026, saying earnings will range from $4.30 to $4.40. Taken at the midpoint, that’s two cents better than analysts had expected. Still, the beat appears to have been not quite big enough to please investors, and BJ’s stock is down about 2% this morning.

The Voo, however, is still up 0.4%.

 

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