Kim Kahn

Eight of the 11 S&P sectors closed higher, led by healthcare.

Energy was the lone standout on the downside.

Among those active stocks, Bank of America reiterated its buy ratings on Nvidia, AMD, and Broadcom, amid reports that Meta may augment Nvidia's GPUs with Google's TPUs.

Alibaba posted a strong revenue beat for Q3, with double-digit growth across its major operating units, especially cloud intelligence.

And HP tumbled after hours on a weak forecast and plans to cut up to 6,000 jobs.

In other days of noon, ahead of Thanksgiving, here are the turkeys gobbling up Wall Street's patience, the worst-performing S&P 500 stocks this year.

Fiserv is down 70.1%, The Trade Desk is down 66.8%, Decker's Outdoor is down 57.8%, Lululemon is down 53.9% year-to-date, and Gartner is down 51.5%.

You can see all the stocks that are really struggling in our story on Seeking Alpha.

I'll put that link at the top of show notes.

And don't forget, we've got a Black Friday sale going on, 20% off all products.

Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon.

Today is Tuesday, November 18th, and I'm your host, Kim Kahn.

Our top story so far, a major outage at internet security company Cloudflare has disrupted major apps, including X, ChatGPT, and others.

Cloudflare is aware of and investigating an issue which impacts multiple customers, widespread 500 errors, Cloudflare dashboard and API also failing, the company said in a post on its system status page.

We are working to understand the full impact and mitigate this problem.

Shares of Cloudflare are in the red.

Other apps such as PayPal, Uber, and League of Legends have also been impacted.

It's unclear what the root cause of the issue is, but Cloudflare said it was going to be performing a scheduled maintenance at its Santiago data center today.

The company says it was starting to see some services recover, but customers may continue to observe higher-than-normal error rates as we continue remediation efforts.