Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.

Iron Mountain Incorporated (Delaware)

Looking at the universe of stocks we cover at Dividend Channel, on 12/15/25, Telephone & Data Systems Inc (Symbol: TDS), BCE Inc (Symbol: BCE), and Iron Mountain Inc (Symbol: IRM) will all trade ex-dividend for their respective upcoming dividends. Telephone & Data Systems Inc will pay its quarterly dividend of $0.04 on 12/30/25, BCE Inc will pay its quarterly dividend of $0.4375 on 1/15/26, and Iron Mountain Inc will pay its quarterly dividend of $0.864 on 1/6/26. As a percentage of TDS's recent stock price of $37.93, this dividend works out to approximately 0.11%, so look for shares of Telephone & Data Systems Inc to trade 0.11% lower — all else being equal — when TDS shares open for trading on 12/15/25. Similarly, investors should look for BCE to open 1.89% lower in price and for IRM to open 1.01% lower, all else being equal.
Below are dividend history charts for TDS, BCE, and IRM, showing historical dividends prior to the most recent ones declared.
Telephone & Data Systems Inc (Symbol: TDS):
BCE Inc (Symbol: BCE):
Iron Mountain Inc (Symbol: IRM):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.42% for Telephone & Data Systems Inc, 7.55% for BCE Inc, and 4.04% for Iron Mountain Inc.
In Thursday trading, Telephone & Data Systems Inc shares are currently up about 0.2%, BCE Inc shares are up about 0.2%, and Iron Mountain Inc shares are up about 0.5% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: Telephone & Data Systems, BCE and Iron Mountain

A month has gone by since the last earnings report for Iron Mountain (IRM). Shares have lost about 15.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Iron Mountain due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Iron Mountain's Q3 AFFO Beat Estimates, Revenues Improve Y/Y
Iron Mountain reported third-quarter AFFO per share of $1.32, beating the Zacks Consensus Estimate of $1.29. This figure jumped 16.8% year over year.
Iron Mountain’s results reflected solid performances across all segments, including the storage, service, global RIM and data center business. However, higher interest expenses in the quarter undermined the performance to an extent.
Total quarterly revenues of $1.75 billion missed the Zacks Consensus Estimate of $1.76 billion. However, the figure improved 12.6% year over year.
Q3 in Detail
Storage rental revenues were $1.03 billion in the third quarter, up 10.4% year over year. We had estimated quarterly storage rental revenues of $1.04 billion.
Service revenues increased 16% from the prior-year quarter to $721.2 million. Our estimate was pegged at $709.6 million.
The Global RIM business’s revenues grew 6.2% year over year to $1.34 billion. Our estimate was pegged at $1.36 billion.
The Global Data Center business reported revenues of $204.1 million in the third quarter, rising 33.2% year over year. The figure exceeded our estimate pegged at $192.1 million.
Adjusted EBITDA rose 16.2% year over year to $660.4 million. The adjusted EBITDA margin expanded 110 basis points to 37.6%.
However, interest expenses increased 12.7% year over year to $209.7 million in the quarter.
Balance Sheet Position
Iron Mountain exited the third quarter with $195.2 million of cash and cash equivalents, down from $218 million as of June 30, 2025.
As of Sept. 30, 2025, the company has net debt of $16.11 billion, up from $15.48 billion as of June 30, 2025, with a weighted average years to maturity of 4.6 years and a weighted average interest rate of 5.6%.
2025 Guidance
For the fourth quarter of 2025, Iron Mountain expects AFFO per share of approximately $1.39. Revenues are estimated at approximately $1.80 billion, while adjusted EBITDA is anticipated at approximately $690 million.
For 2025, the company reiterates its guidance for AFFO per share between $5.04 and $5.13. Revenues are estimated in the range of $6.79-$6.94 billion, while adjusted EBITDA is anticipated between $2.52 billion and $2.57 billion.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a upward trend in estimates revision.
VGM Scores
Currently, Iron Mountain has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock has a score of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Iron Mountain has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Iron Mountain belongs to the Zacks Business - Information Services industry. Another stock from the same industry, Verisk Analytics (VRSK), has gained 4.3% over the past month. More than a month has passed since the company reported results for the quarter ended September 2025.
Verisk reported revenues of $768.3 million in the last reported quarter, representing a year-over-year change of +5.9%. EPS of $1.72 for the same period compares with $1.67 a year ago.
For the current quarter, Verisk is expected to post earnings of $1.60 per share, indicating a change of -0.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -1.5% over the last 30 days.
Verisk has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
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Iron Mountain (IRM) Down 15.7% Since Last Earnings Report: Can It Rebound?

Investors in Iron Mountain Incorporated IRM need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 16, 2026 $47.50 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Iron Mountain shares, but what is the fundamental picture for the company? Currently, Iron Mountain is a Zacks Rank #3 (Hold) in the Business - Information Services industry that ranks in the Top 41% of our Zacks Industry Rank. Over the last 30 days, two analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.37 per share to $1.38 in that period.
Given the way analysts feel about Iron Mountain right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Are Options Traders Betting on a Big Move in Iron Mountain Stock?

Key Points
Digital Realty counts some of the world's largest tech companies among its customers.
Equinix owns data centers in 77 metropolitan areas across 36 countries.
Iron Mountain had a strong third quarter, but the company was recently the subject of a short report.
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In the world of artificial intelligence (AI) stocks, a significant amount of investor interest gets focused on the chipmaking side of the industry. That's understandable, as some of the most important players in the space operate in those businesses.
Nvidia, Broadcom, Advanced Micro Devices, Apple, and Qualcomm are all steadily working on designing more powerful chips. Foundries such as Intel, Samsung, and Taiwan Semiconductor are competing for market share in chip manufacturing.
But I'm not convinced that's the best way for investors to go today. Investing in AI infrastructure is also a sound strategy, and one that can be potentially lucrative. Grand View Research estimates that the AI infrastructure market, which was worth $35.42 billion in 2024, will grow at a compound annual rate of 30.4% through 2030 to reach $223.45 billion.
If you are looking to expand your investments in AI but want to diversify your portfolio away from chip stocks, I think one of the best choices you can make is to invest in data centers. And there are real estate investment trusts (REITs) that can help you do that, and which will earn you a small but consistent revenue stream at the same time.
Here are three ways to play the data center REIT space.
1. Digital Realty Trust
Digital Realty Trust (NYSE: DLR) is a massive REIT -- the fifth-largest publicly traded REIT in the U.S. It owns more than 300 data centers located in over 50 metropolitan areas across North America, Europe, Asia, and Australia. And some of the biggest tech companies are Digital Realty customers, including Microsoft, Amazon, Nvidia, Alphabet, Oracle, and International Business Machines.
In the third quarter, its revenue rose 10% year over year to $1.6 billion. Earnings were $64 million, or $0.15 per share, versus $0.09 per share a year prior.
Because it's a REIT, Digital Realty is required to distribute 90% of its earnings every year to shareholders in the form of dividends. That's why, at its current share price, Digital Realty offers a yield of 3%. Its next payout of $1.22 per share will be distributed on Jan. 16 to shareholders of record as of Dec. 15.
2. Equinix
Equinix (NASDAQ: EQIX) is also seeing rapid growth in its data center market. The company reported $395 million in annualized gross bookings for the third quarter, a 25% year-over-year increase and a 14% increase from the second quarter. Equinix currently has the ability to grow its footprint to about 3 gigawatts worth of computing power, and plans to double that capacity by 2029.
The company operates 273 data centers in 77 metropolitan areas across 36 countries. Revenues from North America and South America, which make up the largest portion of the company's sales, rose 8% year over year in Q3. Revenues from Europe, Africa, and the Middle East increased by 6%, while sales from the Asia-Pacific region dropped by 1%. Total revenue of $2.31 billion was up 5% from last year.
Net income of $374 million was up by 26% from the prior-year period, and earnings per share rose 23% to $3.81. Management attributed the jump to higher income from operations.
At the current share price, the stock's dividend yields 2.4%. The next payout, set at $18.76 per share, will be distributed on Dec. 17 to shareholders of record as of Nov. 19.
3. Iron Mountain
Iron Mountain (NYSE: IRM) began as a records storage provider, but has since expanded its reach into electronics and data centers. It now owns more than 30 data centers providing a total of 1.2 gigawatts of computing power, with locations in the U.S., Europe, India, and Singapore.
The company's third-quarter results, which it delivered Nov. 5, were solid. Its revenues rose 12.6% year over year to a record $1.8 billion. And collectively, its data center, digital, and asset lifecycle management businesses grew by more than 30%.
Net income of $86 million was a stark improvement from its $33.7 million loss in Q3 2024. Adjusted funds from operations rose 18% to $393 million.
However, the stock dipped by 5% on Nov. 19 after Gotham City Research announced it had taken a short position in the company.
Despite this, Iron Mountain expects to close the year strong. It's guiding for full-year revenue in the range of $6.79 billion to $6.94 billion. At the midpoint, that would be a 12% improvement from 2024. The company also says it expects 25% growth from its data center business in 2026.
At the current stock price, Iron Mountain's dividend yields 3.8%. Its next payout of $3.46 per share will be distributed on Jan. 6, 2026, to shareholders of record as of Dec. 15.
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Patrick Sanders has positions in Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Digital Realty Trust, Equinix, Intel, International Business Machines, Microsoft, Nvidia, Oracle, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom and Iron Mountain and recommends the following options: long January 2026 $395 calls on Microsoft, short January 2026 $405 calls on Microsoft, and short November 2025 $21 puts on Intel. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Could This Be the Best Way to Invest in AI Without Buying a Single Chip Stock?

Investors in Iron Mountain Inc (Symbol: IRM) saw new options begin trading today, for the July 2026 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 239 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the IRM options chain for the new July 2026 contracts and identified one put and one call contract of particular interest.
The put contract at the $85.00 strike price has a current bid of $7.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $85.00, but will also collect the premium, putting the cost basis of the shares at $77.80 (before broker commissions). To an investor already interested in purchasing shares of IRM, that could represent an attractive alternative to paying $86.76/share today.
Because the $85.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 8.47% return on the cash commitment, or 12.94% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Iron Mountain Inc, and highlighting in green where the $85.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $90.00 strike price has a current bid of $5.50. If an investor was to purchase shares of IRM stock at the current price level of $86.76/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $90.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.07% if the stock gets called away at the July 2026 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if IRM shares really soar, which is why looking at the trailing twelve month trading history for Iron Mountain Inc, as well as studying the business fundamentals becomes important. Below is a chart showing IRM's trailing twelve month trading history, with the $90.00 strike highlighted in red:
Considering the fact that the $90.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 51%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.34% boost of extra return to the investor, or 9.68% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 35%, while the implied volatility in the call contract example is 34%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $86.76) to be 33%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Also see:
Stocks Analysts Like But Hedge Funds Are Selling
IPW Earnings History
MA shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Interesting IRM Put And Call Options For July 2026

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up by +0.38%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.56%. December E-mini S&P futures (ESZ25) rose +0.39%, and December E-mini Nasdaq futures (NQZ25) rose +0.58%.
US stock indexes settled higher on Wednesday as they recovered some of this week’s sharp losses. Nvidia rose more than +2% ahead of its earnings results after Wednesday’s close. Nvidia’s earnings are seen as a bellwether for whether lofty valuations for tech stocks and massive capital spending in artificial intelligence remain justified.
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Alphabet rose +3% to lead megacap tech stocks higher after Google debuted an updated version of its artificial intelligence model, Gemini, that executives said represents a “massive jump” in reasoning and coding ability. Also, strength in chip makers supported gains in the broader market.
Limiting gains in the overall market was weakness in energy producers, as WTI crude oil prices are down by more than 2%.
Stock indexes fell from their best levels on Wednesday as Fed rate-cut expectations faded after the Bureau of Labor Statistics (BLS) canceled publication of the Oct employment report, which removes key data before next month's FOMC meeting and lowers the chances of a Fed rate cut. The November employment report, which will include the October figures, will be published on December 16, after the December 9-10 FOMC meeting. The chance for a Fed rate cut at next month’s FOMC meeting fell to 30% on Wednesday from 70% last week.
The minutes of the October 28-29 FOMC meeting were hawkish as "many" officials said it would likely be appropriate to keep interest rate steady for the remainder of 2025.
US MBA mortgage applications fell -5.2% in the week ended November 14, with the purchase mortgage sub-index down -2.3% and the refinancing sub-index down -7.3%. The average 30-year fixed rate mortgage rose +3 bp to 6.37% from 6.34% in the prior week.
The US Aug trade deficit shrank to -$59.6 billion from -$78.2 billion in July, narrower than expectations of -$60.4 billion.
This week’s US economic schedule is very heavy as a deluge of delayed economic reports will be released. Thursday brings weekly unemployment claims, the Sep unemployment report, the Philadelphia Fed report, Oct existing home sales, and the Kansas City Fed manufacturing survey. Friday brings real earnings, the S&P US manufacturing and services PMI reports, the University of Michigan’s US consumer sentiment index, and the Kansas City Fed’s services activity report. The Bureau of Labor Statistics said today that it will not publish an October employment report and noted it will incorporate those payroll figures into the November report set to be published on December 16. Other delayed US economic reports are also expected to be released in the coming days, but have not yet been scheduled.
The markets are discounting a 30% chance of another -25 bp rate cut at the next FOMC meeting on December 9-10.
Q3 corporate earnings season is drawing to a close as 460 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 82% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets settled mixed on Wednesday. The Euro Stoxx 50 recovered from a 1-month low and closed up +0.13%. China’s Shanghai Composite closed up +0.18%. Japan’s Nikkei Stock 225 dropped to a 1-month low and closed down by -0.34%.
Interest Rates
December 10-year T-notes (ZNZ5) on Wednesday closed down by -3 ticks. The 10-year T-note yield rose +1.8 bp to 4.131%. T-note prices were under pressure on Wednesday as strength in stocks curbed some safe-haven demand for government debt. Also, Wednesday’s action by the BLS to cancel the publication of the Oct employment report is bearish for T-notes as it removes key data before next month's FOMC meeting and lowers the chances of a Fed rate cut. T-note prices fell to their lows on Wednesday afternoon on the hawkish minutes of the October 28-29 FOMC meeting that stated “many“ policymakers favored keeping interest rates steady the remainder of the year. Finally, weak demand for the Treasury’s $16 billion auction of 20-year T-bonds was negative for T-notes as the auction had a bid-to-cover ratio of 2.41, well below the 10-auction average of 2.65.
European government bond yields moved higher on Wednesday. The 10-year German bund yield rose +0.5 bp to 2.711%. The 10-year UK gilt yield rose to a 5-week high of 4.619% and finished up +4.9 bp at 4.602%.
UK Oct CPI eased to +3.6% y/y from +3.8% y/y in Sep. Oct core CPI eased to +3.4% y/y from +3.5% y/y in Sep.
Swaps are discounting a 4% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Strength in semiconductor stocks on Wednesday was a supportive factor for the broader market. Broadcom (AVGO), Lam Research (LRCX), Applied Materials (AMAT), and KLA Corp (KLAC) closed up more than +4%. Also, Marvell Technology (MRVL) and ASML Holding NV (ASML) closed up more than +3%. In addition, Nvidia (NVDA) and Intel (INTC) closed up more than +2%, and Analog Devices (ADI) and ON Semiconductor (ON) closed up more than +1%
Energy producers and energy service providers retreated on Wednesday after WTI crude oil prices fell by more than -2%. APA Corp (APA) closed down more than -3%. Also, Valero Energy (VLO), Phillips 66 (PSX), Occidental Petroleum (OXY), and Marathon Petroleum (MPC) closed down more than -2%. In addition, ConocoPhillips (COP), Devon Energy (DVN), Halliburton (HAL), ExxonMobil (XOM), and Chevron (CVX) closed down more than -1%.
Crypto stocks tumbled on Wednesday as the price of Bitcoin (^BTCUSD) fell more than -3% to a 6.75-month low. Strategy (MSTR) closed down more than -9% to lead losers in the Nasdaq 100, and MARA Holdings (MARA) closed down more than -6%. Also, Riot Platforms (RIOT) closed down more than -4% and Coinbase Global (COIN) closed down more than -1%.
Block Inc (XYZ) closed up more than +7% to lead gainers in the S&P 500 after saying it expects gross profit to grow in the mid-teens range through 2028, and to reach $15.8 billion. The company also boosted its share repurchase program by $5 billion.
GE Vernova (GEV) closed up more than +7% after securing its first international onshore wind repower upgrade contract through Taiwan Power Company.
Constellation Energy (CEG) closed up more than +5% to lead gainers in the Nasdaq 100 as it plans to restart its Three Mile Island nuclear plant and is getting $1 billion in backing from the US government as the Trump administration pushes to add more atomic power to the electric grid.
Alphabet (GOOGL) closed up +3% after Google debuted an updated version of its artificial intelligence model, Gemini, that executives said represents a “massive jump” in reasoning and coding ability.
La-Z-Boy Inc (LZB) closed up more than +20% after announcing Q2 sales of $522.5 million, stronger than the consensus of $517.7 million.
Dycom Industries (DY) closed up more than +10% after signing an agreement to acquire Power Solutions LLC, one of the Mid-Atlantic’s largest electrical contractors serving data centers, for $1.95 billion.
MP Materials (MP) closed up more than +9% after Goldman Sachs initiated coverage of the stock with a recommendation of buy and a price target of $77.
Unity Software (U) closed up more than +6% after announcing it is working with Epic Games to bring Unity games into Fortnite.
Lowe’s (LOW) closed up more than +4% after raising its 2026 total sales forecast to $86.0 billion from a previous forecast of $84.5 billion-$85.5 billion, above the consensus of $85.36 billion.
Agios Pharmaceuticals (AGIO) closed down more than -50% after a Phase 3 trial of mitapivat in patients 16 and older with sickle cell disease met one primary endpoint but missed another.
Eversource Energy (ES) closed down more than -12% to lead losers in the S&P 500 after its request to sell its subsidiary, Aquarion Water Company, was rejected by Connecticut regulators.
QuantumScape Corp (QS) closed down more than -3% after HSBC downgraded the stock to reduce from hold with a price target of $10.50.
Boeing (BA) closed down more than -2% after Flydubai announced an offer to buy 250 jets from Airbus SE, its first order ever with the company, and a blow to Boeing, which had been the sole aircraft provider to the airline.
Iron Mountain (IRM) closed down more than 2% after Gotham City Research said it has a short position in the stock and that the company is worth no more than $22-$40 a share.
Gitlab Inc (GTLB) closed down more than -1% after Truist Securities downgraded the stock to hold from buy.
Earnings Reports(11/20/2025)
Bath & Body Works Inc (BBWI), Copart Inc (CPRT), Elastic NV (ESTC), Gap Inc/The (GAP), Intuit Inc (INTU), Jacobs Solutions Inc (J), Post Holdings Inc (POST), Ross Stores Inc (ROST), UGI Corp (UGI), Veeva Systems Inc (VEEV), Walmart Inc (WMT).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Higher Before Nvidia Earnings

The S&P 500 Index ($SPX) (SPY) today is up by +0.38%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.74%. December E-mini S&P futures (ESZ25) are up +0.39%, and December E-mini Nasdaq futures (NQZ25) are up +0.70%.
US stock indexes are mostly higher today as they recover some of this week’s sharp losses. Nvidia is up more than +2% ahead of its earnings results after today’s close. Nvidia’s earnings are seen as a bellwether for whether lofty valuations for tech stocks and massive capital spending in artificial intelligence remain justified.
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Alphabet is up more than +5% to lead megacap tech stocks higher after Google debuted an updated version of its artificial intelligence model, Gemini, that executives said represents a “massive jump” in reasoning and coding ability. Also, strength in chip makers is supporting gains in the broader market.
Limiting gains in the overall market is weakness in energy producers, as WTI crude oil prices are down by more than 2%. Also, a 3% slump in Boeing today is weighing on the Dow Jones Industrial Average.
US MBA mortgage applications fell -5.2% in the week ended November 14, with the purchase mortgage sub-index down -2.3% and the refinancing sub-index down -7.3%. The average 30-year fixed rate mortgage rose +3 bp to 6.37% from 6.34% in the prior week.
The US Aug trade deficit shrank to -$59.6 billion from -$78.2 billion in July, narrower than expectations of -$60.4 billion.
This week’s US economic schedule is very heavy as a deluge of delayed economic reports will be released. The minutes of the Oct 28-29 FOMC meeting will be released later today. Thursday brings weekly unemployment claims, the Sep unemployment report, the Philadelphia Fed report, Oct existing home sales, and the Kansas City Fed manufacturing survey. Friday brings real earnings, the S&P US manufacturing and services PMI reports, the University of Michigan’s US consumer sentiment index, and the Kansas City Fed’s services activity report. Other delayed US economic reports are also expected to be released in the coming days, but have not yet been scheduled.
The markets are discounting a 47% chance of another -25 bp rate cut at the next FOMC meeting on December 9-10.
Q3 corporate earnings season is drawing to a close as 460 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 82% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets are mixed today. The Euro Stoxx 50 recovered from a 1-month low and is up +0.78%. China’s Shanghai Composite closed up +0.18%. Japan’s Nikkei Stock 225 dropped to a 1-month low and closed down by -0.34%.
Interest Rates
December 10-year T-notes (ZNZ5) today are down by -2 ticks. The 10-year T-note yield is up +1.2 bp to 4.125%. T-note prices are slightly lower today as strength in stocks has curbed some safe-haven demand for government debt. Also, supply pressures are negative for T-notes as the Treasury will auction $16 billion of 20-year T-bonds later today. Losses in T-notes are limited as a -2% drop in WTI crude oil prices has lowered inflation expectations, a supportive factor for T-notes.
European government bond yields are mixed today. The 10-year German bund yield is down -0.1 bp to 2.705%. The 10-year UK gilt yield rose to a 5-week high of 4.519% and is up +6.2 bp to 4.616%.
UK Oct CPI eased to +3.6% y/y from +3.8% y/y in Sep. Oct core CPI eased to +3.4% y/y from +3.5% y/y in Sep.
Swaps are discounting a 4% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Strength in semiconductor stocks today is a supportive factor for the broader market. Broadcom (AVGO) and Lam Research (LRCX) are up more than +4%. Also, ON Semiconductor (ON), Intel (INTC), Applied Materials (AMAT), and KLA Corp (KLAC) are up more than +3%. In addition, Nvidia (NVDA), ASML Holding NV (ASML), and Marvell Technology (MRVL) are up more than +2%, and Advanced Micro Devices (AMD), Micron Technology (MU), and Analog Devices (ADI) are up more than +1%.
Energy producers and energy service providers are falling today, with WTI crude oil down by more than -2%. APA Corp (APA), Valero Energy (VLO), and Marathon Petroleum (MPC) are down more than -3%. Also, Phillips 66 (PSX), Occidental Petroleum (OXY), and ConocoPhillips (COP) are down more than -2%. In addition, Halliburton (HAL), Devon Energy (DVN), Diamondback Energy (FANG), ExxonMobil (XOM), and Chevron (CVX) are down more than -1%.
Constellation Energy (CEG) is up more than +5% to lead gainers in the S&P 500 and Nasdaq 100 as it plans to restart its Three Mile Island nuclear plant and is getting $1 billion in backing from the US government as the Trump administration pushes to add more atomic power to the electric grid.
Alphabet (GOOGL) is up more than +5% after Google debuted an updated version of its artificial intelligence model, Gemini, that executives said represents a “massive jump” in reasoning and coding ability.
La-Z-Boy Inc (LZB) is up more than +19% after announcing Q2 sales of $522.5 million, stronger than the consensus of $517.7 million.
Dycom Industries (DY) is up more than +11% after signing an agreement to acquire Power Solutions LLC, one of the Mid-Atlantic’s largest electrical contractors serving data centers, for $1.95 billion.
MP Materials (MP) is up more than +9% after Goldman Sachs initiated coverage of the stock with a recommendation of buy and a price target of $77.
Lowe’s (LOW) is up more than +5% after raising its 2026 total sales forecast to $86.0 billion from a previous forecast of $84.5 billion-$85.5 billion, above the consensus of $85.36 billion.
Unity Software (U) is up more than +5% after announcing it is working with Epic Games to bring Unity games into Fortnite.
Insulet Corp (PODD) is up more than +2% after UBS upgraded the stock to buy from hold with a price target of $400.
Agios Pharmaceuticals (AGIO) is down more than -48% after a Phase 3 trial of mitapivat in patients 16 and older with sickle cell disease met one primary endpoint but missed another.
Eversource Energy (ES) is down more than -9% to lead losers in the S&P 500 after its request to sell its subsidiary, Aquarion Water Company, was rejected by Connecticut regulators.
Iron Mountain (IRM) is down more than 5% after Gotham City Research said it has a short position in the stock and that the company is worth no more than $22-$40 a share.
QuantumScape Corp (QS) is down more than -3% after HSBC downgraded the stock to reduce from hold with a price target of $10.50.
Boeing (BA) is down more than -3% to lead losers in the the Dow Jones Industrial Average after Flydubai announced an offer to buy 250 jets from Airbus SE, its first order ever with the company and a blow to Boeing, which had been the sole aircraft provider to the airline.
Gitlab Inc (GTLB) is down more than -2% after Truist Securities downgraded the stock to hold from buy.
Earnings Reports(11/19/2025)
Lowe's Cos Inc (LOW), NVIDIA Corp (NVDA), Palo Alto Networks Inc (PANW), Target Corp (TGT), TJX Cos Inc/The (TJX), Valvoline Inc (VVV), Viking Holdings Ltd (VIK), Williams-Sonoma Inc (WSM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Supported by Strength in Megacap Tech and Chip Stocks

In trading on Thursday, shares of Iron Mountain Inc (Symbol: IRM) crossed below their 200 day moving average of $96.03, changing hands as low as $91.04 per share. Iron Mountain Inc shares are currently trading down about 6.5% on the day. The chart below shows the one year performance of IRM shares, versus its 200 day moving average:
Looking at the chart above, IRM's low point in its 52 week range is $72.33 per share, with $125.38 as the 52 week high point — that compares with a last trade of $92.46. The IRM DMA information above was sourced from TechnicalAnalysisChannel.com
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Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
Also see:
KLAR Options Chain
HYPR market cap history
MTAC shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Iron Mountain Breaks Below 200-Day Moving Average - Notable for IRM

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Block Inc (Symbol: XYZ), where a total of 29,726 contracts have traded so far, representing approximately 3.0 million underlying shares. That amounts to about 45.8% of XYZ's average daily trading volume over the past month of 6.5 million shares. Particularly high volume was seen for the $75 strike call option expiring November 21, 2025, with 4,550 contracts trading so far today, representing approximately 455,000 underlying shares of XYZ. Below is a chart showing XYZ's trailing twelve month trading history, with the $75 strike highlighted in orange:
First Solar Inc (Symbol: FSLR) options are showing a volume of 10,590 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 43.2% of FSLR's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $260 strike put option expiring November 14, 2025, with 1,408 contracts trading so far today, representing approximately 140,800 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $260 strike highlighted in orange:
And Iron Mountain Inc (Symbol: IRM) saw options trading volume of 5,687 contracts, representing approximately 568,700 underlying shares or approximately 41.3% of IRM's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $85 strike put option expiring November 21, 2025, with 2,437 contracts trading so far today, representing approximately 243,700 underlying shares of IRM. Below is a chart showing IRM's trailing twelve month trading history, with the $85 strike highlighted in orange:
For the various different available expirations for XYZ options, FSLR options, or IRM options, visit StockOptionsChannel.com.
Also see:
KOP Average Annual Return
ROP MACD
Funds Holding NCTY
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Thursday Option Activity: XYZ, FSLR, IRM

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Iron Mountain Inc (Symbol: IRM) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $92.0401 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 50.2. A bullish investor could look at IRM's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of IRM shares:
Looking at the chart above, IRM's low point in its 52 week range is $72.33 per share, with $125.38 as the 52 week high point — that compares with a last trade of $92.75.
Also see:
Top Ten Hedge Funds Holding EVIX
Top Ten Hedge Funds Holding UJB
AZTA Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

	S/L 5%RUB 89.36	S/L 10%RUB 93.61	S/L 15%RUB 97.86
Day	2.37%	0.00%	0.00%
Week	31.16%	3.76%	0.19%
Month	62.15%	31.04%	13.05%

Iron Mountain Incorporated (Delaware)

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