After Hours Report

The stock market opened to a solid rebound in its mega-cap and tech names, which steadily broadened throughout the day, sending the major averages higher and widening their week-to-date gains past 1.0%. 

The tech-heavy Nasdaq Composite (+0.9%) led the way, with the S&P 500 (+0.6%) and DJIA (+0.3%) also capturing gains. Meanwhile, the small-cap Russell 2000 (+1.3%) and S&P Mid Cap 400 (+1.4%) outperformed as investors rotated back out of more defensive holdings today. 

After a retreat yesterday (and an underwhelming week for that matter), it was unclear how the market's largest names would perform today, especially given Tesla's (TSLA 449.09, +10.12, +2.31%) earnings miss. While Tesla held a loss of nearly 4.0% early on, it remained contained, as other mega-caps showed early strength. Even more encouragingly, Tesla would go on to reverse its early loss as sentiment improved throughout the session, helping the consumer discretionary sector (+0.7%) rise above its flatline. 

Elsewhere in the sector, Las Vegas Sands (LVS 56.89, +6.27, +12.39%) captured one of the widest gains across S&P 500 names after topping estimates and increasing its quarterly dividend. 

The information technology sector (+1.0%) was a driver of the index-level gains, supported by a combination of semiconductor and mega-cap strength. 

A beat-and-raise earnings report from Lam Research (LRCX 147.54, +6.29, +4.45%) saw the PHLX Semiconductor Index rise 2.5%, with NVIDIA (NVDA 182.16, +1.88, +1.04%) among the names that also contributed to a 0.8% advance in the Vanguard Mega Cap Growth ETF. 

The industrials sector (+1.3%) was another top performer today as Honeywell (HON 220.67, +14.06, +6.81%) moved higher after a beat-and-raise report of its own, while earnings strength from Dow (DOW 24.52, +2.82, +13.00%) boosted the materials sector (+1.0%). 

The energy sector (+1.3%) finished similarly, widening this week's gains as crude oil futures settled today's session $3.27 higher (+5.6%) at $61.78 per barrel after the Treasury Department announced sanctions on Russian oil giants Rosneft and Lukoil.

Meanwhile, the defensive consumer staples (-0.4%), utilities (flat), and health care (flat) sectors lagged as investors focused on growth-oriented plays today. The Invesco S&P 500 High Beta ETF closed 1.7% higher after retreating yesterday. 

The real estate sector (-0.1%) also closed slightly lower.

Market sentiment was further lifted by growing optimism over a potential trade deal between the U.S. and China. CNBC reported that President Trump will travel to Asia next week, where he is expected to sign trade agreements with 12 countries. He will meet with Chinese President Xi on October 30 to discuss a potential deal covering soybeans, rare earth metals, nuclear weapons, and TikTok. Trump noted that he does not want China to face the threatened 157% tariffs, calling them unsustainable.

The market ultimately benefitted from a number of tailwinds, with today's advance setting the major averages up for solid week-to-date gains. Tomorrow brings the delayed release of the September Consumer Price Index (Briefing.com consensus: +0.4%), which will be an important gauge for the market's rate cut expectations given the recent data vacuum. 

Additionally, while Tesla (TSLA 449.09, +10.12, +2.31%), Lam Research (LRCX 147.54, +6.29, +4.45%), and IBM (IBM 285.00, -2.51, -0.87%) all reversed course from significant early losses, Netflix (NFLX 1113.59, -2.78, -0.25%) has yet to prompt any buy-the-dip interest, putting further pressure on earnings reports to dazzle heading into next week's mega-cap earnings reports. 

U.S. Treasuries ended Thursday with losses across the curve, as longer tenors dipped from their best levels of the month while the 2-year note deepened last week's reversal from its October high. The 2-year note yield settled up four basis points to 3.48%, and the 10-year note yield settled up four basis points to 3.99%. 

• Nasdaq Composite: +18.8% YTD
• S&P 500: + 14.6% YTD
• Russell 2000: +11.3% YTD
• DJIA: +9.9% YTD
• S&P Mid Cap 400: +5.1% YTD

Reviewing today's data:

• Existing home sales increased 1.5% month-over-month in September to a seasonally adjusted annual rate of 4.06 million (Briefing.com consensus 4.05 million) from an unrevised 4.00 million in August. Sales were up 4.1% on a year-over-year basis.
  • The key takeaway from the report is that home sales in September were aided by falling mortgage rates, which eased (but did not negate) affordability constraints for some home buyers.

Overseas:

• Europe: DAX +0.3%, FTSE +0.7%, CAC +0.2%
• Asia: Nikkei -1.4%, Hang Seng +0.7%, Shanghai +0.2%

Commodities:

• Crude Oil +3.27 @ 61.78
• Nat Gas -0.11 @ 3.34
• Gold +80.80 @ 4146.50
• Silver +0.99 @ 48.69
• Copper +0.12 @ 5.11

After-Hours Spotlight:

• Comfort Systems (FIX) beats by $1.96, beats on revs...FIX +16.3%
• Community Health (CYH) reports Q3 (Sep) results, beats on revs...CYH +5.1%
• Deckers Outdoor (DECK) beats by $0.24, reports revs in-line; guides FY26 EPS in-line, revs below consensus...DECK -12.4%
• Ford Motor (F) beats by $0.10, beats on revs; provides FY25 outlook...+4.1%
• Intel (INTC) beats by $0.21, beats on revs; guides Q4 EPS below consensus, revs in-line...INTC+6.9%
• Kinsale Capital (KNSL) beats by $0.41...KNSL -1.7%
• MaxLinear (MXL) beats by $0.02, beats on revs; guides Q4 revs in-line...MXL +2.7%
• Nextracker (NXT) beats by $0.18, beats on revs; raises FY26 EPS and revenue guidance...NXT +10.1%
• Norfolk Southern (NSC) beats by $0.11, reports revs in-line...NSC -1.4%
• Boston Beer Co (SAM) reports Q3 (Sep) results, revs in-line; guides FY25 EPS in-line...+0.1%
• Teladoc (TDOC) announces Chief Financial Officer transition; sees Q3 revs in line; reaffirms FY25 revenue guidance...+2.0%
• World Kinect Corporation (WKC) misses by $0.07, reports revs in-line...WKC -4.2%

Fair Value for Friday, October 24:

• S&P 500: 6,774
• Nasdaq 100: 25,249
• DJIA: 46,917

For a full rundown of today's market and after hours developments, see Live In Play

• Earnings/Guidance (Full Earnings Calendar):
  • Agree Realty (ADC) beats by $0.02, beats on revs; guides FY25 FFO above consensus
  • AT&T (T) reports EPS in-line, revs in-line; reaffirms FY25 EPS guidance
  • Aveanna (AVAH) guides Q3 revenue above consensus
  • Avery Dennison (AVY) beats by $0.04, reports revs in-line; guides Q4 EPS in-line
  • Barclays PLC (BCS) reports Q3 results; updates outlook
  • Boston Scientific (BSX) beats by $0.04, beats on revs; guides Q4 EPS above consensus; guides FY25 EPS above consensus, revs above consensus
  • Capital One (COF) beats by $1.57, beats on revs
  • Cathay Bancorp (CATY) misses by $0.02
  • Chubb (CB) beats by $1.32, beats on revs
  • CME Group (CME) beats by $0.05, reports revs in-line
  • Construction Partners (ROAD) guides FY25 and FY26 revs above consensus
  • East West Banc (EWBC) beats by $0.29; declares dividend
  • EQT Corp. (EQT) beats by $0.15, beats on revs
  • Fulton Fincl (FULT) beats by $0.06
  • GE Vernova (GEV) misses by $0.08, beats on revs; reaffirms FY25 revs guidance
  • Heineken (HEINY) reports Q3 trading update
  • Hilton (HLT) beats by $0.06, beats on revs; guides Q4 EPS in-line; guides FY25 EPS in-line
  • Intuitive Surgical (ISRG) beats by $0.41, beats on revs
  • Ipsen S.A. (IPSEY) reports nine-month results; raises full-year guidance
  • Lennox Int'l (LII) beats by $0.15, misses on revs; lowers FY25 EPS mostly below consensus, revs below consensus
  • Lithia Motors (LAD) beats by $0.93, beats on revs
  • Manhattan Assoc (MANH) beats by $0.17, beats on revs; guides FY25 EPS above consensus, revs in-line; replenishes buyback
  • Matador Resources (MTDR) beats by $0.13, beats on revs; Increases 2025 production guidance range
  • Mattel (MAT) misses by $0.17, misses on revs; reaffirms FY25 EPS guidance, revs guidance
  • M/I Homes (MHO) misses by $0.44 (two analyst estimate), misses on revs
  • Moody's (MCO) beats by $0.22, beats on revs; guides FY25 EPS above consensus
  • National Bank (NBHC) beats by $0.07, beats on revs
  • Netflix (NFLX) misses by $1.09, reports revs in-line; guides Q4 EPS above consensus, revs above consensus
  • Northern Oil & Gas (NOG) boosts production guidance, closes $98 mln Uinta Royalty acquisition
  • Northern Trust (NTRS) beats by $0.03, reports revs in-line
  • OFG Bancorp (OFG) misses by $0.01, misses on revs
  • Old National Bancorp (ONB) beats by $0.03
  • Omnicom (OMC) beats by $0.08, reports revs in-line
  • Pathward Financial (CASH) misses by $0.04, misses on revs
  • Pegasystems (PEGA) beats by $0.10, beats on revs
  • PennyMac (PFSI) beats by $0.67, beats on revs
  • PROG Holdings (PRG) beats by $0.16, beats on revs; guides Q4 EPS below consensus, revs below consensus; guides FY25 EPS above consensus, revs below consensus
  • Stifel Financial (SF) beats by $0.10, beats on revs
  • T1 Energy (TE) provides sales volume guidance and reaffirms FY25 EBITDA guidance
  • Taylor Morrison Home (TMHC) beats by $0.16, beats on revs
  • Teck Resources (TECK) beats by CAD0.16, beats on revs
  • Teledyne Tech (TDY) beats by $0.10, reports revs in-line; guides Q4 EPS in-line
  • Texas Instruments (TXN) misses by $0.01, beats on revs; guides Q4 EPS below consensus, revs in-line
  • Thermo Fisher (TMO) beats by $0.29, beats on revs; Will provide 2025 guidance during earnings call
  • Travel + Leisure Co (TNL) beats by $0.09, beats on revs
  • United Comm Banks (UCB) beats by $0.05, beats on revs
  • Vale S.A. (VALE) reports Q3 production
  • Vertiv (VRT) beats by $0.26, beats on revs; guides Q4 EPS in-line, revs above consensus
  • Vicor (VICR) beats by $0.46, beats on revs
  • VinFast Auto (VFS) announced its preliminary vehicle deliveries for the third quarter of 2025
  • Wabtec (WAB) beats by $0.04, reports revs in-line; raises FY25 EPS guidance, reaffirms FY25 revs guidance
  • Waste Connections (WCN) beats by $0.06, reports revs in-line; reaffirms FY25 revs guidance; increases quarterly dividend 11% to $0.35/share from $0.315/share
  • Weatherford (WFRD) misses by $0.05, beats on revs; on track to meet FY25 guidance
  • Western Alliance Bancorp (WAL) beats by $0.20, beats on revs
  • Winnebago (WGO) beats by $0.18, beats on revs; guides FY26 revs in-line, mid-point of FY26 EPS guidance above consensus
  • Woodside Energy Group (WDS) reports Q3 production; updates FY25 outlook
• General News
  • Treasury sanctions major Russian oil companies, calls on Moscow to immediately agree to ceasefire
  • President Trump denies WSJ story that Ukraine will be allowed to use long range missiles to strike deep into Russia
  • President Trump will make an announcement at 3:00 PM ET, per White House schedule (topic unknown)
  • Treasury Secretary Scott Bessent on Fox Business says all options are on the table on China; says meeting between President Trump and Chinese President Xi is still on the schedule; says large Russian sanctions will be announced tonight or tomorrow; urges allies to also impose Russian sanctions
  • Chinese Vice Premier He Lifeng will meet with various U.S. officials Friday to discuss trade, according to Bloomberg
  • EU adopts 19th package of sanctions against Russia
  • The Trump administration is considering taking equity stakes in quantum computing companies, according to WSJ
  • Government stock activism is likely to continue, according to Barrons
  • CMS Administrator Dr. Mehmet Oz says President Trump wants to replace Obamacare and will not extend subsidies, according to NBC News
  • Most Americans could see larger tax refunds next year, according to CBS News
  • 600K undocumented immigrants will be deported this year, according to Axios
  • President Trump believes Democrat Zohran Mamdani is unbeatable in the NYC mayor race, according to WSJ
  • Afya (AFYA) announces repurchase of Series A perpetual convertible preferred shares and repayment of debentures
  • Alphabet (GOOG): UK CMA releases report on Google mobile platform investigation
  • ALT5 Sigma Corporation (ALTS) discloses Peter Tassiopoulos was suspended by the Board and removed of his duties as Chief Executive Officer
  • Amalgamated Bank (AMAL) announces a capital commitment of up to $250 million to fund commercial real estate projects originated through FASTPACEcom
  • Amarin (AMRN) EVP David Keenan was appointed Chief Operating Officer effective October 17, 2025
  • Apple (AAPL): UK CMA releases report on Apple mobile platform investigation
  • Ascendis Pharma (ASND) announced commercial availability of SKYTROFA (TransCon hGH) in broader dosing ranges in the United States for the replacement of endogenous growth hormone in adults with growth hormone deficiency
  • Bread Financial (BFH) increases quarterly cash dividend to $0.23 per share from $0.21 per share; approved a $200 mln increase to the existing share repurchase authorization
  • Bread Financial (BFH) and Raymour & Flanigan sign long-term agreement to launch new financing program
  • Brown & Brown (BRO) increases quarterly cash dividend 10% to $0.165/share from $0.15/share and authorizes the purchase of up to an additional $1.25 billion of the Company's outstanding common stock
  • Citigroup (C): Citi's board elects CEO Jane Fraser as Chair of the Board
  • DigitalBridge (DBRG): OpenAI, Oracle (ORCL) and Vantage Data Centers announce stargate data center site in Wisconsin
  • Donnelley Financial (DFIN) successfully completes pension plan termination
  • DXC Technology (DXC) and Splitit announce a strategic collaboration enabling banks to offer account holders installment plans at checkout and post-purchase, powered by Splitit's proprietary AI engine that dynamically personalizes offers for each consumer
  • Fannie Mae (FNMA) names Chief Operating Officer, Peter Akwaboah, to acting CEO and promotes John Roscoe and Brandon Hamara, to Co-Presidents
  • First Bancorp's (FBP) Board of Directors approve a new stock repurchase program of up to $200 million
  • Golar LNG (GLNG) secures 20-year FLNG charter in Argentina, locking in $8 billion EBITDA backlog
  • Heineken (HEINY) 0.0 announces the expansion of its global sponsorship portfolio with a landmark global partnership with Premier Padel, the leading official professional padel tour worldwide
  • Honeywell (HON) announces its updated business segment structure ahead of the planned separation of its Aerospace Technologies business, expected in the second half of 2026, and its Solstice Advanced Materials business, expected to be completed on October 30, 2025
  • Howmet Aerospace (HWM) CFO to retire
  • Hudson Technologies (HDSN) awarded contract with the United States Defense Logistics Agency valued at approximately $210 mln
  • J.B. Hunt Transport (JBHT) annunces new $1 billion share repurchase authorization
  • Labcorp Holdings Inc. (LH) will offer the Elecsys pTau181 test, the only blood test cleared by the U.S. FDA to aid in the initial assessment for Alzheimer's disease and other causes of cognitive decline in the primary-care setting
  • Limoneira (LMNR) disclosed Grower Packing & Marketing Agreement update
  • McDonald's (MCD) raises quarterly cash dividend by 5% to $1.86/share
  • Merck (MRK) announces that the U.S. FDA has granted priority review for two supplemental Biologics License Applications for KEYTRUDA and KEYTRUDA QLEX, each in combination with Padcev, for the treatment of patients with muscle-invasive bladder cancer who are ineligible for cisplatin-based chemotherapy
  • Microsoft (MSFT) wants its gaming unit to produce profit margins that are above industry average, according to Bloomberg
  • Moderna announces phase 3 study of investigational cytomegalovirus vaccine did not meet primary efficacy endpoint
  • NioCorp Developments Ltd. (NB) and IBC Advanced Alloys (IAALF) successfully cast aluminum-scandium alloy for potential expansion into Al-Sc alloy parts
  • Plug Power (PLUG) announces a strategic partnership with Edgewood Renewables to support the development and construction of its advanced renewable fuel facility in North Las Vegas, Nevada
  • Portland Gen Elec (POR) discloses OPUC updates
  • QuantumScape (QS) has begun shipping B1 samples of its QSE-5 cell
  • Rocket Lab USA (RKLB) announces the clearance of their Systems Integration Review and completion of their Photon spacecraft for Eta Space and NASA’s LOXSAT mission
  • Sanofi (SNY) expands partnership with with Medidata
  • Select Water Solutions (WTTR) and Mariana Minerals announce the groundbreaking of a pioneering produced water lithium extraction facility in Joaquin, Texas, located in Shelby County, within the Haynesville shale region
  • Sky Harbour (SKYH) announces the execution of a ground lease agreement with the City of Long Beach, California, for the development of a Sky Harbour HBO campus at Long Beach Airport, serving the Long Beach, Orange County and Greater Los Angeles, regions
  • Tango Therapeutics (TNGX) announces "positive" data from its ongoing Phase 1/2 study of vopimetostat (TNG462) in patients with MTAP-deleted cancers
  • TechnipFMC (FTI) has also authorized additional share repurchases of up to $2 bln
  • Tesla (TSLA) is recalling certain 2024-2026 Cybertruck vehicles operating software prior to 2025.38.3
  • Textron (TXT) names Lisa Atherton as CEO, effective Jan 4; Scott Donnelly to become Executive Chairman
  • Tutor Perini (TPC) announces that its subsidiary, Fisk Electric Company, has been awarded an electrical services contract for the Cruise Terminal G Complex at the Port of Miami
  • Ventyx Biosciences (VTYX) announces positive topline results from Phase 2 Study of VTX3232 in Participants with obesity and cardiovascular risk factors
  • Williams Cos (WMB) announces a series of transactions that strengthens the company’s wellhead to water strategy
  • Woodside Energy Group (WDS) enters Louisiana LNG partnership with Williams (WMB)

• Upgrades:
  • 3M (MMM) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $160
  • Badger Meter (BMI) upgraded to Buy from Hold at Stifel, tgt $215
    
  • Banco Macro (BMA) upgraded to Overweight from Neutral at JPMorgan, tgt $79
    
  • BioAge Labs (BIOA) upgraded to Buy from Neutral at Citigroup, tgt $10
    
  • Flywire (FLYW) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $16
    
  • Galapagos (GLPG) upgraded to Outperform from Market Perform at Leerink, tgt $40
    
  • H.B. Fuller (FUL) upgraded to Buy from Neutral at Citigroup, tgt $70
    
  • Halliburton (HAL) upgraded to Buy from Hold at HSBC, tgt $30
    
  • Halliburton (HAL) upgraded to Outperform from Sector Perform at RBC Capital, tgt $31
    
  • Hyatt (H) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $168
    
  • Int'l Consolidated Airlines (ICAGY) upgraded to Buy from Neutral at Goldman
    
  • Kinetik Holdings (KNTK) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $45
    
  • Manhattan Associates (MANH) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $200
  • PACCAR (PCAR) upgraded to Peer Perform from Underperform at Wolfe Research
    
  • Topgolf Callaway (MODG) upgraded to Buy from Hold at Texas Capital, tgt $12
    
  • WEX (WEX) upgraded to Buy from Neutral at BofA Securities, tgt $178
• Downgrades:
  • Alector (ALEC) downgraded to Neutral from Buy at BTIG Research
    
  • Alector (ALEC) downgraded to Market Perform from Outperform at William Blair
    
  • Alector (ALEC) downgraded to Neutral from Overweight at Cantor Fitzgerald
    
  • Alector (ALEC) downgraded to Hold from Buy at TD Cowen
    
  • Alector (ALEC) downgraded to Neutral from Outperform at Mizuho, tgt $1.50
    
  • BNP Paribas (BNPQY) downgraded to Equal Weight from Overweight at Barclays
    
  • Commercial Metals (CMC) downgraded to Hold from Buy at Jefferies, tgt $70
    
  • Gartner (IT) downgraded to Equal Weight from Overweight at Barclays, tgt $270
    
  • Grupo Financiero Galicia (GGAL) downgraded to Neutral from Overweight at JPMorgan, tgt $46
    
  • Grupo Supervielle (SUPV) downgraded to Underweight from Neutral at JPMorgan, tgt $5
    
  • Global Payments (GPN) downgraded to Sector Weight from Overweight at KeyBanc
    
  • HP Inc. (HPQ) downgraded to Neutral from Overweight at JPMorgan, tgt $30
    
  • W. R. Berkley (WRB) downgraded to Underperform from Market Perform at BMO Capital, tgt $64
• Others:
  • Accenture (ACN) initiated with an Equal Weight at Wells Fargo, tgt $251
    
  • ADP (ADP) initiated with an Underweight at Wells Fargo, tgt $288
    
  • Affirm (AFRM) initiated with an Overweight at Wells Fargo, tgt $89
    
  • American Electric (AEP) initiated with a Neutral at BTIG Research
    
  • AppLovin (APP) initiated with a Buy at Deutsche Bank, tgt $705
    
  • Block (XYZ) initiated with an Overweight at Wells Fargo, tgt $91
  • Caterpillar (CAT) initiated with a Sector Perform at RBC Capital, tgt $560
    
  • Chesapeake Utilities (CPK) initiated with a Neutral at BTIG Research
    
  • Circle Internet (CRCL) initiated with an Overweight at Wells Fargo, tgt $160
    
  • Cognizant (CTSH) initiated with an Overweight at Wells Fargo, tgt $82
    
  • Dominion (D) initiated with a Neutral at BTIG Research
    
  • Deere (DE) initiated with an Outperform at RBC Capital, tgt $542
    
  • Dell Technologies (DELL) initiated with an Overweight at Piper Sandler, tgt $172
    
  • Duke Energy (DUK) initiated with a Buy at BTIG Research, tgt $150
    
  • Epam Systems (EPAM) initiated with an Overweight at Wells Fargo, tgt $185
    
  • Entergy (ETR) initiated with a Buy at BTIG Research, tgt $111
    
  • Exelon (EXC) initiated with a Neutral at BTIG Research
    
  • Fiserv (FI) initiated with an Equal Weight at Wells Fargo, tgt $130
    
  • FIS (FIS) initiated with an Overweight at Wells Fargo, tgt $81
    
  • Global Payments (GPN) initiated with an Overweight at Wells Fargo, tgt $103
    
  • Globant (GLOB) initiated with an Equal Weight at Wells Fargo, tgt $61
    
  • H2O America (HTO) initiated with a Neutral at BTIG Research
    
  • HP Enterprise (HPE) initiated with a Neutral at Piper Sandler, tgt $24
    
  • Idacorp (IDA) initiated with a Buy at BTIG Research, tgt $157
    
  • Jack Henry (JKHY) initiated with an Equal Weight at Wells Fargo, tgt $161
    
  • Klarna (KLAR) initiated with an Overweight at Wells Fargo, tgt $45
    
  • Klaviyo (KVYO) initiated with a Buy at Jefferies, tgt $32
    
  • MasterCard (MA) initiated with an Overweight at Wells Fargo, tgt $669
    
  • NextEra Energy (NEE) initiated with a Buy at BTIG Research, tgt $98
    
  • Natural Grocers (NGVC) initiated with a Buy at Northcoast, tgt $54
    
  • Northwest Natural Gas (NWN) initiated with a Buy at BTIG Research, tgt $53
    
  • Paychex (PAYX) initiated with an Underweight at Wells Fargo, tgt $128
    
  • Peoples Bancorp (PEBO) assumed with a Buy at DA Davidson, tgt $33
    
  • Performance Food Group (PFGC) initiated with an Outperform at Bernstein, tgt $130
    
  • Portland General Electric (POR) initiated with a Buy at BTIG Research, tgt $52
    
  • PPL Corp. (PPL) initiated with a Buy at BTIG Research, tgt $44
    
  • PSEG (PEG) initiated with a Buy at BTIG Research, tgt $98
    
  • PayPal (PYPL) initiated with an Equal Weight at Wells Fargo, tgt $74
    
  • Ryman Hospitality (RHP) initiated with an Equal Weight at Morgan Stanley, tgt $92
    
  • Sagimet Biosciences (SGMT) initiated with a Buy at Clear Street, tgt $29
    
  • SkyWater Technology (SKYT) initiated with a Buy at Stifel, tgt $25
    
  • Southern Company (SO) initiated with a Neutral at BTIG Research
    
  • Spire (SR) initiated with a Buy at BTIG Research, tgt $99
    
  • Sempra Energy (SRE) initiated with a Buy at BTIG Research, tgt $106
    
  • Sysco (SYY) initiated with a Market Perform at Bernstein, tgt $83
    
  • Toast (TOST) initiated with an Overweight at Wells Fargo, tgt $47
    
  • Unity (U) initiated with a Hold at Deutsche Bank, tgt $39
    
  • United Rentals (URI) initiated with an Outperform at RBC Capital, tgt $1,152
    
  • US Foods (USFD) initiated with an Outperform at Bernstein, tgt $95
    
  • Visa (V) initiated with an Overweight at Wells Fargo, tgt $412
    
  • WEC Energy (WEC) initiated with a Buy at BTIG Research, tgt $136
    
  • Xcel Energy (XEL) initiated with a Buy at BTIG Research, tgt $96

• Econ Data (Friday):
  • 8:30 ET: September CPI (Briefing.com consensus 0.4%; prior 0.4%) and Core CPI (Briefing.com consensus 0.3%; prior 0.3%)
  • 9:45 ET: Flash October S&P Global U.S. Manufacturing PMI (prior 52.0) and flash October S&P Global U.S. Services PMI (prior 54.2)
  • 10:00 ET: September New Home Sales (Briefing.com consensus 710,000; prior 800,000) and final October University of Michigan Consumer Sentiment (Briefing.com consensus 55.0; prior 55.0)

• Earnings:
  • Monday (Oct 20)
    • Pre-Market: CLF
    • After-Hours: BOKF CADE CCK RLI STLD WRB WTFC ZION
      
    Tuesday (Oct 21)
    • Pre-Market: MMM BMI BCPC KO CBU DHR ELV EFX GATX GE GM GPC HAL LMT NDAQ NOC PCAR PNR PM PHM DGX RTX VMI
    • After-Hours: ADC COF CATY CB EWBC EQT ISRG FULT MANH MTDR MAT NBHC NFLX OMC CASH PEGA PFSI TXN VICR WAL WFRD
      
  • Wednesday (Oct 22)
    • Pre-Market: APH T AVY BKU BSX CME FRME GEV HCSG HLT LII LAD MHO MCO NTRS OFG ONB PTEN PRG SF TMHC TDY TMO TNL UNF UCB VRT WAB WGO
      
    • After-Hours: AA ASGN BANC CACI CCS CHDN CLB CCI ELS EPRT FAF FE GL GSHD GGG HLX HXL IBM ICLR KALU KMI KNX LRCX LVS LC MEDP MOH ORLY OII PKG PLXS QS RJF RS RBBN RHI SAP SEIC SIGI SON TSLA TCBI URI VKTX WDFC WSBC WH
  • Thursday (Oct 23)
    • Pre-Market: ALLE AB AAL AMBP AUB AN BX BFH BC CRS CBRE CNP DAR DOV DOW EEFT XPRO FBP FCX FCN GTX THRM HAS HON IMAX ITGR IRDM LADR LUV LAZ LNN MRP MBLY MSM NOK ORI PCG POOL BPOP ROP R SMPL SAH STM TMUS FTI TXT TSCO TRU TPH UNP VLO VLY VC WST
    • After-Hours: ALK ASB BKR BYD CYH COUR CUBI DECK DLR EGP ELME ENVA FFBC F DOC HTH INTC KNSL KN MXL MHK MGRC MTX NEM NXT NSC PECO SLM SSNC VRSN WU WKC WSFS
  • Friday (Oct 24)
    • Pre-Market: BAH FHB FLG GD GNTX HCA ITW PG SNY STEL
    • After-Hours: None