Implied Podcast

Welcome to Implied! On this episode, we break down the massive, nearly 8% plunge in Block's stock ($SQ) after their Q3 earnings report.

What exactly sent a payments giant tumbling? It's the classic Wall Street dilemma: the good news wasn't good enough, and the market is punishing the company for one key, avoidable mistake.

DoorDash just suffered its biggest one-day drop ever—down 17%—despite posting 27% revenue growth. Why? Because the company’s spending big on AI, logistics, and global expansion, betting on long-term dominance over short-term profits.

Pinterest just had its worst day in years, crashing nearly 20% after weak holiday guidance and a chilling signal for the ad market. Despite hitting 600 million users, investors are losing patience as ad revenue per user falls and spending stays high. Can Pinterest’s AI-shopping bet turn it around, or is this a warning that growth without profits won’t cut it anymore? Dive in to find out what’s implied behind the drop.

Hertz just shocked Wall Street with a 37% stock surge after posting an unexpected profit — its first real comeback since the EV meltdown and bankruptcy saga.

Kimberly-Clark just shocked Wall Street with a $48.7 billion move to buy Kenvue — the Tylenol and Band-Aid company. It’s a bold bet to pivot from tissues and diapers into consumer health, as the Huggies maker chases higher margins and faster growth.

Pensana’s stock jumped after reports that the U.S. Export-Import Bank may fund up to $160 million for its Longonjo rare earth project in Angola — a potential breakthrough in the West’s race to build a China-free “mine-to-magnet” supply chain. But can government backing fix the company’s cash crunch and stalled UK refinery plans?

Chipotle’s red-hot growth just cooled off fast. The stock plunged double digits after the company slashed its full-year forecast for the third time this year. Even higher-income customers are cutting back, same-store sales are barely up, and inflation’s squeezing margins.

Fiserv just suffered its worst stock drop ever — a staggering 40% plunge in one day. The payments powerhouse behind billions of transactions shocked Wall Street with a brutal earnings miss, slashed guidance, and a leadership shake-up that left analysts “speechless.”

Netflix just gave Wall Street a fright — the stock crashed more than 10% after an unexpected $600 million tax hit from Brazil crushed margins and wiped out billions in market value.

Cleveland-Cliffs just shocked Wall Street — the stock surged nearly 20% after announcing plans to move beyond steel and into rare-earth mining. In this episode, Rojo breaks down how this bold pivot could transform the company from “old steel” to “strategic materials,” why tariffs gave it a boost, and whether this rally is real or just hype.