Solana News Today: General Dynamics and Solana Surge as Trump's Tariff Storm Threatens Markets

General Dynamics (NYSE:GD) delivered a robust quarterly performance, reporting earnings per share (EPS) of $3.88, surpassing the consensus estimate of $3.69 by $0.19. The aerospace giant also saw revenues rise to $12.91 billion, exceeding expectations of $12.49 billion, driven by a 10.6% year-over-year increase in revenue, according to a MarketBeat earnings alert. The company announced a quarterly dividend of $1.50 per share, set to be paid on November 14, translating to a 1.7% dividend yield, according to a MarketBeat filing. Analysts have updated their price targets, with JPMorgan raising its target to $345 and Wolfe Research setting a new high of $400, reflecting confidence in the firm's outlook.

Meanwhile, Solana (SOL) experienced a notable price rebound, climbing to $195 on October 25—a 12% increase from its monthly low. This surge coincided with strong inflows into the Staking Solana ETF (SSK), which now holds over $400 million in assets under management, as reported by a crypto.news article. The ETF's performance highlights growing institutional interest in altcoin investments, with JPMorgan analysts predicting potential inflows of $6 billion for future Solana ETFs from firms like VanEck and Fidelity. Solana's blockchain network also showed resilience, with a 55% rise in adjusted transaction volume to $48 billion and a 14% increase in stablecoin supply to $15.6 billion.

In a separate development, EQT Corp. secured an option to purchase a 400-acre former steel plant site along the Monongahela River in Washington County, Pennsylvania, according to a Marcellus Drilling report. The Mon River Industrial Park site offers strategic access to transportation infrastructure and heavy-duty electrical systems, positioning it as a potential hub for industrial activity.

The week also saw geopolitical tensions escalate, with President Donald Trump imposing an additional 10% tariff on Canadian imports following Ontario's anti-tariff ad campaign, according to a MarketBeat article. The move, announced on Truth Social, underscores ongoing trade frictions and could impact cross-border commerce.

General Dynamics' stock traded higher during the reporting period, closing at $344.98, reflecting a 1.0% increase. The company's updated FY 2025 guidance of $15.30–$15.35 EPS signals optimism about its long-term growth trajectory. Analysts remain cautiously optimistic, with Deutsche Bank reiterating a "buy" rating and a $400 price target.

As markets navigate earnings season and evolving trade dynamics, investors are closely watching how these developments shape sector performance. The interplay between corporate earnings, ETF inflows, and geopolitical risks will likely remain central to near-term market sentiment.