On Thursday, markets opened strong with positive Jobless Claims and Q3 GDP revision. The Dow rose by 306 points, S&P 500 by 37 points, Nasdaq by 211 points, and Russell 2000 by 17 points. In other news, Personal Spending increased by 0.3% and the PCE Index month over month was +0.2% on both headline and core.

After the close, Intel beat earnings estimates with 15 cents per share and $13.67 billion in revenues, but shares fell -6.5%. Capital One missed Q4 estimates but had revenues of $15.58 billion. CSX saw its share price rise despite missing Q4 estimates. Intel cited supply constraints, while CSX blamed subdued industrial demand for their performance.

Zacks’ Research Chief has identified a stock with the potential to double, a satellite-based communications firm in the trillion-dollar space industry. Analysts forecast a major revenue breakout in 2025. This pick could surpass previous Zacks’ Stocks Set to Double like Hims & Hers Health, which saw a +209% increase.

Read more at Nasdaq: Markets Up on Decent PCE & Earnings. Q4 After the Close: INTC, COF, CSX