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

Good afternoon. Today is Thursday, October 9th, and I'm your host, Kim Con.

A top story so far, Ferrari unveiled some details about its first electric vehicle, which has the placeholder name of Electrica.

The EV will have an in-house developed electric motor with 1,000 horsepower,

going from 0 to 62 in 2.5 seconds.

The electrical will have a range of over 323 miles and a top speed of 192 miles per hour,

powered by a 122 kilowatt-hour battery pack.

But what about that signature Ferrari roar?

A system that uses real power train vibrations will create a novel, emotive,

electric Ferrari sound, setting it apart from other EVs.

The initial skateboard platform indicates a four-door, but for now it's unclear if it will be a sedan or an SUV.

The design debut is expected next spring.

But amid all of this, Ferrari lowered its forecast for electric vehicles to account for 20%

of its lineup by 2030, down from a prior target of 40%. Among active stocks, Pepsi topped Q3 estimate

expectations and named a new CFO. Walmart's U.S. CFO, Steve Schmidt, will step into

the role in a month. Looking ahead, Pepsi expects a low single-digit increase in full-year

organic revenue and core constant currency EPS about even with the prior year. Delta Airlines is

rallying on solid results coupled with an upbeat outlook for the remainder of the year. After a turbulent start to 2025, strengthened premium, corporate, and loyalty-boasted Q3 numbers

above expectations, and it now sees the Q4 top and bottom lines beating current forecasts.

Invidian nabbed a street-high price target of $300 from Cantor analyst C.J. Muse,

who reiterated his top pick overweight, saying customers

are searching desperately for compute wherever they can find it. The next highest target is

...