After Hours Report

Updated: 29-Oct-25 17:52 ET
Mega-caps mixed on earnings: Meta sharply lower, Microsoft slightly down, Alphabet Higher

The stock market had a rather eventful session, with NVIDIA's (NVDA 207.03, +6.00, +2.98%) rally pushing the S&P 500 (flat), Nasdaq Composite (+0.6%), and DJIA (-0.2%) to record highs shortly after the open. After the market's initial move, the major averages spent much of the session in a sideways drift leading into the FOMC decision this afternoon. 

The decision to cut the federal funds rate by 25 basis points to 3.75%-4.00% was widely expected and had little effect on the major averages. Fed Chair Powell's comments on the path for additional easing, however, prompted a sharp slide. 

In particular, Mr. Powell noted that committee members hold differing views regarding another rate cut at the December meeting, saying, "A further reduction in policy rate in December is not a foregone conclusion, far from it."

The CME FedWatch tool now assigns a 65.9% probability to at least a 25-basis-point rate cut at the December 10 FOMC meeting, down from 90.9% yesterday.

The comments saw several S&P 500 sectors and the major averages move beneath their baselines in response. The tech-heavy Nasdaq Composite rebounded and notched a record closing high, while the S&P 500 and DJIA failed to close above their baselines. 

With much of the morning headline buzz centered around NVIDIA surpassing $5 trillion in market capitalization, it is not surprising that the information technology sector (+1.1%) finished as one of the best-performing S&P 500 sectors. 

NVIDIA's strength also helped the PHLX Semiconductor Index finish 1.9% higher. 

Elsewhere in the sector, Teradyne (TER 173.94, +29.56, +20.47%) and Seagate Tech (STX 265.62, +42.62, +19.11%) captured impressive gains after beating earnings expectations, with Western Digital (WDC 141.38, +16.46, +13.18%) trading higher in sympathy. 

The communications services sector (+1.1%) finished with an identical gain, supported by a solid showing from Alphabet (GOOG 275.17, +6.74, +2.51%), which reports its earnings after the close. 

Mega-caps once again provided an outsized contribution to the major averages, with the market-weighted S&P 500 (flat) decidedly outperforming the S&P 500 Equal Weighted Index (-1.1%). 

Meta Platforms (META 751.67, +0.23, +0.03%) and Microsoft (MSFT 541.55, -0.52, -0.10%) are also set to report earnings after the close. 

Elsewhere, the energy sector (+0.8%) captured a gain as crude oil futures settled today's session $0.30 higher (+0.5%) at $60.46 per barrel. 

The industrials sector (+0.3%) captured a more modest gain, led by Caterpillar (CAT 585.78, +61.31, +11.69%) after a strong earnings beat. 

As for today's laggards, there were some significant losses across the six S&P 500 sectors that retreated. 

The real estate sector (-2.7%) widened its week-to-date loss as all but one of its components traded lower, while the consumer staples sector (-2.0%) saw every one of its constituents finish with a loss. 

Meanwhile, the financials sector (-1.7%) faced pressure from Fiserv (FI 70.73, -55.44, -43.94%) after the company missed earnings expectations and slashed guidance, while an earnings miss from Smurfit Westrock plc (SW 37.84, -5.26, -12.20%) pushed the materials sector (-1.8%) lower. 

Smaller-cap indices were also among today's laggards. The small-cap Russell 2000 (-0.9%) retreated sharply from record-high levels of its own following Fed Chair Powell's somewhat hawkish comments on a December rate cut. The S&P Mid Cap 400 (-0.7%) faced a similar loss.

Ultimately, today's action demonstrated continued momentum in the AI trade and, in particular, the meteoric ascent of the market's largest company, NVIDIA. There were, however, some considerable pockets of weakness in the broader market, with softened expectations for further monetary policy easing providing an additional headwind to overlooked segments. 

U.S. Treasuries also faced pressure in response to the market's reassessment of the Fed's policy path. The 2-year note yield settled up nine basis points to 3.58%, and the 10-year note yield settled up eight basis points to 4.06%.

  • Nasdaq Composite: +24.1% YTD
  • S&P 500: + 17.2% YTD
  • DJIA: +12.0% YTD
  • Russell 2000: +11.4% YTD
  • S&P Mid Cap 400: +4.4% YTD

Reviewing today's data:

  • Pending Home Sales were unchanged in September (Briefing.com consensus 1.2%) after increasing 4.2% (revised from 4.0%) in August.
  • The weekly MBA Mortgage Index rose 7.1% after decreasing 0.3% a week ago. The Purchase Index was up 4.5% while the Refinance Index rose 9.3%.

Overseas:

  • Europe: DAX -0.6%, FTSE +0.6%, CAC -0.2%
  • Asia: Nikkei +2.2%, Hang Seng market closed, Shanghai +0.7%

Commodities:

  • Crude Oil +0.30 @ 60.46
  • Nat Gas +0.00 @ 3.34
  • Gold +17.70 @ 4000.50
  • Silver +0.56 @ 47.88
  • Copper +0.09 @ 5.26

After-Hours Spotlight:

  • Alphabet (GOOG) beats by $0.61, beats on revs, Google Cloud revenue grew 34% yr/yr; Raises 2025 capex guidance to $91-$93 bln...GOOG +6.7%
  • Boot Barn Holdings (BOOT) beats by $0.09, beats on revs; guides Q3 EPS above consensus, revs above consensus; raises FY26 EPS and revenue guidance above consensus; same store sales +8.4%...BOOT -0.5%
  • Carvana (CVNA) reports Q3 (Sep) results, beats on revs...CVNA -7.3%
  • Chipotle Mexican Grill (CMG) reports EPS in-line, revs in-line; provides FY25 outlook; Q3 comps +0.3%...CMG -13.5%
  • Dayforce (DAY) misses by $0.18, reports revs in-line...DAY -0.0%
  • eBay (EBAY) beats by $0.03, beats on revs; guides Q4 EPS below consensus, revs above consensus...EBAY -4.5%
  • Glaukos (GKOS) beats by $0.10, beats on revs; guides FY25 revs above consensus; guides FY26 revs in-line...GKOS +21.3%
  • KLA Corporation (KLAC) beats by $0.18, beats on revs; guides Q2 EPS in-line, revs in-line...KLAC -0.7%
  • Meta Platforms (META) beats by $0.53, beats on revs; guides Q4 revs in-line...META -8.3%
  • MGM Resorts (MGM) misses by $0.14, reports revs in-line...MGM -5.9%
  • Microsoft (MSFT) beats by $0.46, beats on revs; Azure +39% CC vs +37% CC prior guidance...MSFT -1.6%
  • Starbucks (SBUX) misses by $0.04, beats on revs; global comp sales +1%, North America and US comp sales flat -0.5%
  • Wolfspeed (WOLF) beats by $0.16, reports revs in-line; guides Q2 revs below estimate...WOLF -16.6%

Fair Value for Thursday, October 30:

  • S&P 500: 6,922
  • Nasdaq 100: 26,258
  • DJIA: 47,788
Today's News Summary:

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

  • Earnings/Guidance (Full Earnings Calendar):
    • Acadia Realty Trust (AKR) beats by $0.01, beats on revs; guides FY25 FFO above consensus
    • ACM Research (ACMR) guides Q3 revenue above consensus
    • Adidas (ADDYY) reports Q3 results; raises outlook
    • American Electric (AEP) misses by $0.01, beats on revs; reaffirms FY25 EPS guidance; guides FY26 EPS in-line
    • Archrock (AROC) beats by $0.01, beats on revs, increases share buyback auth by $100 mln
    • Artisan Partners Asset Mgmt (APAM) beats by $0.05, misses on revs; declares variable dividend
    • Automatic Data (ADP) beats by $0.05, reports revs in-line; guides FY26 EPS in-line, revs in-line
    • Avantor (AVTR) reports EPS in-line, misses on revs; co announces $500 million share repurchase authorization
    • Banco Santander (SAN) reports nine-month results
    • Bank of N.T. Butterfield & Son (NTB) beats by $0.19, beats on revs
    • Bausch + Lomb (BLCO) beats by $0.02, reports revs in-line; reaffirms FY25 revs guidance
    • Blackbaud (BLKB) beats by $0.03, reports revs in-line; reaffirms FY25 EPS guidance, revs guidance
    • Bloom Energy (BE) beats by $0.05, beats on revs
    • Boeing (BA) misses by $2.31, beats on revs; delays 777-9 certification timeline and now anticipates first delivery in 2027, but airplane continues to perform well in flight testing
    • Booking Holdings (BKNG) beats by $3.65, beats on revs; guides FY25 revs above consensus; sees FY25 adjusted EPS above consensus
    • Brinker (EAT) beats by $0.16, beats on revs; guides FY26 EPS in-line, revs below consensus
    • BXP, Inc. (BXP) beats by $0.02, beats on revs; guides FY25 FFO above consensus
    • Caesars Entertainment (CZR) misses by $0.18, reports revs in-line
    • Camping World (CWH) beats by $0.13, beats on revs
    • Caterpillar (CAT) beats by $0.42, beats on revs
    • Centene (CNC) beats by $0.64, beats on revs; guides FY25 EPS above consensus
    • Chart Industries (GTLS) misses by $0.27, misses on revs
    • Chemed (CHE) misses by $0.10, reports revs in-line; reaffirms FY25 EPS guidance
    • Cheesecake Factory (CAKE) beats by $0.06, reports revs slightly below consensus
    • Clarivate (CLVT) beats by $0.02, beats on revs; reaffirms FY25 EPS guidance, guides FY25 revs above consensus
    • Clean Harbors (CLH) misses by $0.19, misses on revs; Announces investment in facility to upgrade and recycle re-refinery byproducts
    • Cognizant Tech (CTSH) beats by $0.09, beats on revs; guides Q4 revs above consensus; guides FY25 EPS above consensus
    • Constellium (CSTM) beats by $0.27, beats on revs
    • CoStar Group (CSGP) beats by $0.05, beats on revs; guides Q4 EPS in-line
    • Criteo (CRTO) beats by $0.38, beats on revs; guides Q4 revs in-line
    • CVS Health (CVS) beats by $0.23, beats on revs; raises FY25 EPS above consensus
    • Deutsche Bank (DB) reports nine-month results
    • Edison (EIX) beats by $0.18, reports revs in-line; narrows FY25 EPS outlook
    • Electronic Arts (EA) beats by $0.15, misses on revs; does not provide guidance
    • Element Solutions (ESI) beats by $0.01, beats on revs
    • Enphase Energy (ENPH) beats by $0.25, beats on revs; guides Q4 revs below consensus
    • Entergy (ETR) beats by $0.10; guides FY25 EPS in-line
    • Equinor (EQNR) misses by $0.23; beats on revs
    • ESAB Corp. (ESAB) beats by $0.05, beats on revs; raises FY25 guidance
    • Etsy (ETSY) beats by $0.11, beats on revs, names new CEO
    • ExlService (EXLS) beats by $0.01, beats on revs; guides FY25 EPS in-line, revs above consensus
    • Expand Energy (EXE) beats by $0.07, beats on revs
    • Extreme Networks (EXTR) beats by $0.01, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY26 revs above consensus
    • Huron Consulting (HURN) beats by $0.23, beats on revs; reaffirms FY25 EPS guidance, revs guidance
    • Fannie Mae (FNMA) reports Q3 net revenues of $7.3 bln vs. $7.7 bln FactSet consensus
    • First Commonwealth (FCF) misses by $0.02; Increases quarterly dividend by 3.9%
    • Fiserv (FI) misses by $0.60, misses on revs; guides FY25 EPS below consensus; announces leadership changes
    • Flowserve (FLS) beats by $0.10, misses on revs; raises FY25 EPS guidance; lowers FY25 revenue guidance
    • Fortive (FTV) beats by $0.11, beats on revs; raises FY25 EPS above consensus
    • Four Corners Property Trust (FCPT) reports Q3 (Sep) results, beats on revs
    • Fresh Del Monte (FDP) beats by $0.19, misses on revs
    • GE HealthCare (GEHC) beats by $0.02, beats on revs; guides FY25 EPS mostly above consensus
    • Generac (GNRC) misses by $0.36, misses on revs; lowers FY25 revs below consensus
    • Gildan Activewear (GIL) beats by $0.02, reports revs in-line; narrows FY25 EPS in-line
    • GlaxoSmithKline (GSK) beats by £0.07, beats on revs; raises outlook
    • Hayward Holdings (HAYW) beats by $0.02, beats on revs; raises FY25 revs above consensus
    • IDEX Corp (IEX) beats by $0.10, beats on revs; guides FY25 EPS in-line
    • Kadant (KAI) beats by $0.41, beats on revs; guides Q4 EPS below consensus, revs in-line
    • Kirby (KEX) beats by $0.02, beats on revs
    • Kraft Heinz (KHC) beats by $0.03, reports revs in-line; guides FY25 EPS below consensus
    • Landstar System (LSTR) misses by $0.02, reports revs in-line
    • Leonardo DRS (DRS) beats by $0.01, beats on revs; guides FY25 EPS in-line, revs in-line
    • Logitech Int'l SA (LOGI); guides Q3 revs in-line
    • Masco (MAS) misses by $0.06, misses on revs; guides FY25 EPS below consensus
    • Mercedes-Benz Group AG (MBGYY) reports Q3 results; updates outlook
    • Meritage (MTH) misses by $0.24, misses on home closing revs; guides Q4 EPS below consensus, revs below consensus
    • Mirion Technologies (MIR) beats by $0.02, reports revs in-line; reaffirms FY25 EPS guidance
    • Modine Manufacturing (MOD) beats by $0.05, beats on revs; raises FY26 revenue guidance
    • Mondelez Int'l (MDLZ) beats by $0.02, reports revs in-line
    • Monro Muffler (MNRO) beats by $0.03, misses on revs
    • MSA Safety (MSA) beats by $0.07, beats on revs
    • Neurocrine Biosciences (NBIX) beats by $0.58, beats on revs
    • NiSource (NI) misses by $0.01; guides FY25 EPS in-line; guides FY26 EPS in-line
    • OGE Energy (OGE) reports EPS in-line, misses on revs; reiterates FY25 EPS in-line
    • Old Dominion (ODFL) beats by $0.06, reports revs in-line
    • OneSpaWorld (OSW) reports EPS in-line, revs in-line; guides Q4 revs in-line; guides FY25 revs in-line
    • Oshkosh (OSK) beats by $0.10, misses on revs; lowers FY25 EPS ands sales guidance
    • Otis Worldwide (OTIS) beats by $0.05, reports revs in-line; guides FY25 EPS in-line, revs above consensus
    • Penske Auto (PAG) reports Q3 (Sep) results, revs in-line
    • Phillips 66 (PSX) beats by $0.38
    • PPG Industries (PPG) beats by $0.05, reports revs in-line; guides FY25 EPS below consensus
    • Radware (RDWR) beats by $0.01, reports revs in-line
    • Range Resources (RRC) beats by $0.03, beats on revs
    • Regency Centers (REG) reports FFO in-line; raises FY25 FFO in-line
    • RenaissanceRe (RNR) beats by $5.65, misses on revs
    • Reynolds Consumer Products (REYN) beats by $0.03, beats on revs; guides Q4 EPS above consensus, revs above consensus
    • Seagate Tech (STX) beats by $0.21, beats on revs; guides Q2 EPS in-line, revs in-line
    • Sensata Tech (ST) beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line
    • Silgan Holdings (SLGN) reports EPS in-line, beats on revs; guides Q4 EPS below consensus
    • Smurfit Westrock plc (SW) misses by $0.10, beats on revs
    • Stride (LRN) beats by $0.33, beats on revs; guides Q2 revs below consensus; guides FY26 revs below consensus
    • TE Connectivity (TEL) beats by $0.15, beats on revs; guides Q1 EPS above consensus, revs above consensus
    • Teradyne (TER) beats by $0.06, beats on revs; guides Q4 EPS above consensus, revs above consensus
    • Timken (TKR) beats by $0.13, beats on revs; narrows FY25 EPS guidance
    • Trustmark (TRMK) beats by $0.01, misses on revs; provides FY25 guidance in presentation
    • UBS AG (UBS) beats by $0.29, beats on revs
    • Ultra Clean Holdings (UCTT) beats by $0.06, reports revs in-line; guides Q4 EPS in-line, revs in-line
    • UMB Financial Corporation (UMBF) beats by $0.20, beats on revs
    • United Micro (UMC) reports Q3 (Sep) results
    • United Therapeutics (UTHR) misses by $0.16, misses on revs
    • Varonis Systems (VRNS) reports EPS in-line, misses on revs; guides Q4 EPS in-line, revs in-line; guides FY25 EPS in-line, revs below consensus
    • Veralto (VLTO) beats by $0.04, reports revs in-line; raises FY25 EPS guidance
    • Verisk Analytics (VRSK) beats by $0.01, misses on revs; reaffirms FY25 EPS guidance, lowers FY25 revenue guidance
    • Verizon (VZ) beats by $0.02, misses on revs; guides FY25 EPS in-line
    • Visa (V) beats by $0.01, reports revs slightly above consensus
    • Watsco (WSO) misses by $0.24, misses on revs
    • W.P. Carey (WPC) beats by $0.04, beats on revs; guides FY25 FFO above consensus
  • General News
    • President Trump tells reporters he expects to lower the Chinese fentanyl tariffs after his meeting Chinese President Xi; says he will talk about Nvidia (NVDA) Blackwell chips with Chinese President Xi
    • China makes first purchase of U.S. soybeans this season, according to Bloomberg
    • South Korea’s top policy chief Kim Yong-beom also says that U.S. and South Korea agreed to trade details, including $350 bln investment pledge, according to Bloomberg
    • Israel says the ceasefire is back in place following Gaza strikes, according to WSJ
    • Democrats are holding firm on government funding demands despite call from federal worker's union to end the shutdown, according to NY Times
    • Senate votes 52-48 to end Brazil tariffs, but the resolution will not be brought up for a vote in the House. They also do not have enough votes to override a presidential veto, according to CNN
    • Automakers are concerned about semiconductor shortages which are causing production disruptions, according to WSJ
    • White House releases memorandum of understanding between the Government of the United States of America and the Government of the Republic of Korea regarding the U.S.-ROK technology prosperity deal
    • White-collar jobs continue to be eliminated because of artificial intelligence, according to WSJ
    • Affordable Care Act enrollees will likely see significant premium increases next year, according to WSJ
    • Akebia Therapeutics (AKBA) provides update on Vafseo for non-dialysis patients
    • Ameresco (AMRC) announces the execution of a design-build contract with The Resilience Authority of Annapolis and Anne Arundel County, Maryland to deploy electric-vehicle charging infrastructure across 10 County-owned facilities
    • Amplify Energy (AMPY) announces a series of transactions that will result in a complete exit from its interests in East Texas, for a total anticipated combined consideration of $127.5 mln
    • Anavex (AVXL) announces new findings for blarcamesine, an oral small molecule for the potential treatment of early Alzheimer’s disease
    • Apple (AAPL) planning display upgrades across MacBook Air, iPad Air, and iPad mini lines, according to
    • Aris Mining (ARMN) announces positive pea results for the TOROPARU Gold project
    • Aurora Innovation (AUR) announces the rapid expansion of its commercial operations by launching a second driverless route from Fort Worth to El Paso
    • BridgeBio Pharma (BBIO) announces "positive" topline results from CALIBRATE, its global Phase 3 study of encaleret in autosomal dominant hypocalcemia type 1
    • China Yuchai (CYD) discloses Wu Qiwei is suspected of serious violations of discipline and law and is currently under disciplinary review
    • Cleveland-Cliffs (CLF) has successfully completed a production trial in collaboration with a major automotive OEM, in which Cleveland-Cliffs’ exposed steel parts were stamped with no defects using the OEM’s existing aluminum-forming equipment
    • Coherent (COHR) announces the launch of its next generation polarization-maintaining optical fiber, engineered to deliver superior performance and reliability for the high-performance fiber laser market
    • Constellium (CSTM) announces that effective January 1, 2026, Ingrid Joerg, currently Constellium’s Chief Operating Officer, will succeed Jean-Marc Germain as Chief Executive Officer and join the Board as a Director, following Mr. Germain’s decision to retire from those roles at the end of 2025
    • Eli Lilly (LLY) and Walmart (WMT) Pharmacy launch first retail pick-up option with direct-to-consumer pricing for Zepbound
    • Etsy (ETSY) announces a leadership transition plan. Etsy's current President and Chief Growth Officer, Kruti Patel Goyal, will become Chief Executive Officer and will join Etsy's Board of Directors effective January 1, 2026
    • Flowserve (FLS) reaches an agreement to divest BW/IP - New Mexico, a wholly owned subsidiary of the Company that holds asbestos liabilities and related insurance assets, to an affiliate of Acorn Investment Partners
    • Galaxy Digital (GLXY) integrates with Coinbase Prime (COIN) to expand institutional access to secure and scalable staking solutions
    • Hormel Foods (HRL) announces appointment of Paul Kuehneman as interim CFO and controller, effective October 27, 2025; Lowers Q4 EPS guidance, but sees revenue growth toward high end of prior guidance range
    • Infosys (INFY) announces a strategic collaboration with Metro Bank an independent UK bank, and Workday (WDAY)
    • ING Groep (ING) names Ida Lerner as CFO
    • Joby Aviation (JOBY) announces a collaboration with NVIDIA (NVDA), marked by NVIDIA’s selection of Joby as the only aviation launch partner for the new NVIDIA IGX Thor platform
    • Kulicke & Soffa (KLIC) announces that Dr. Fusen Chen has agreed to retire from his position as President and CEO, and as a member of the Board, effective December 1, 2025, due to health reasons
    • Kyverna Therapeutics (KYTX) announces positive interim data from the Phase 2 portion of the registrational KYSA-6 clinical trial of KYV-101 in generalized myasthenia gravis
    • Lifecore Biomedical (LFCR) announces that it has signed an agreement with a leading global pharmaceutical company
    • Magna (MGA) marking its first full year of scaled global production of its innovative Driver Monitoring System, launched with a Germany-based OEM in China
    • Medtronic (MDT): CMS finalizes National Coverage Determination for the Symplicity Spyral RDN system
    • Merck (MRK) has approved KEYTRUDA as monotherapy for the treatment of resectable locally advanced head and neck squamous cell carcinoma (LA-HNSCC) as neoadjuvant treatment, continued as adjuvant treatment in combination with radiation therapy with or without concomitant cisplatin and then as monotherapy in adults whose tumors express PD-L1 with a Combined Positive Score =1
    • Merck (MRK) and Eisai (ESAIY) provide update on Phase 3 LEAP-012 trial in unresectable, non-metastatic hepatocellular carcinoma
    • Morningstar (MORN) announces its official entry into the Asia Pacific region with a new regional hub in Australia
    • Oceaneering Intl (OII) announces that its Offshore Projects Group has been awarded a contract by bp Exploration Ltd. for the provision of riserless light well intervention services in the Azeri-Chirag-Deepwater Gunashli oilfield of the Caspian Sea
    • OMS Energy Technologies (OMSE) signs service partner contract with a major Thai oil and gas operator
    • OrthoPediatrics (KIDS) announces the FDA approval of its 3P Pediatric Plating Platform Small-Mini System, the second of several systems in the 3P family
    • Pan Am Silver (PAAS): Xali Gold Corp. plans to advance the Pico Machay Gold Project in Central Peru
    • Philips (PHG) reports late-breaking iMODERN findings presented at TCT 2025 and published in the New England Journal of Medicine highlight new evidence to guide treatment choices for heart attack patients
    • Rigetti Computing (RGTI) announces that it is supporting NVIDIA (NVDA) NVQLink, NVIDIA’s new open platform for integrating AI supercomputing with quantum computers
    • Roche Hldg (RHHBY) receives CE mark forElecsys Dengue Ag test
    • Sylvamo (SLVM) and International Paper (IP) enter into letter agreement regarding Riverdale supply agreement
    • Teradyne (TER) appoints Michelle Turner as CFO, effective November 3
    • Titan Intl (TWI) closes a strategic partnership with Rodaros Industria de Rodas, a Brazilian manufacturer of agricultural and construction wheels
    • TriNet Group (TNET) appoints Mala Murthy as CFO, effective November 28
    • Turn Therapeutics (TTRX) entered into a Global Supply, Development, and License Agreement with Medline Industries
    • UBS (UBS) to appeal Credit Suisse (CS) court decision, according to FT
    • United Parks & Resorts Inc. (PRKS) CFO resigned; appoints James Forrester, Jr., the Company’s Senior Vice President, Finance, to serve as Interim Chief Financial Officer and Treasurer
    • Valero Energy (VLO) announces that Homer Bhullar, who was serving as Vice President-Investor Relations and Finance, has been appointed as Senior Vice President and Chief Financial Officer
    • Varonis Systems (VRNS) authorizes a share repurchase program allowing repurchases of up to $150.0 mln of Varonis’ common stock expected to be completed over the next 12 months
    • WISeKey (WKEY) partners with INNOSPACE for post-quantum satellite launches
  • Upgrades:
    • Amerant Bancorp (AMTB) upgraded to Outperform from Market Perform at Raymond James, tgt $21
    • Cactus (WHD) upgraded to Neutral from Underperform at BofA Securities, tgt $40
    • Edwards Lifesciences (EW) upgraded to Buy from Hold at Jefferies, tgt $98
    • Edwards Lifesciences (EW) upgraded to Peer Perform at Wolfe Research
    • Everest Group (EG) upgraded to Peer Perform from Underperform at Wolfe Research
    • IQVIA (IQV) upgraded to Outperform from Neutral at Robert W. Baird, tgt $258
    • Qorvo (QRVO) upgraded to Neutral from Sell at Citigroup, tgt $105
    • Skyworks Solutions (SWKS) upgraded to Equal Weight from Underweight at Barclays, tgt $88
    • Skyworks Solutions (SWKS) upgraded to Neutral from Sell at Citigroup, tgt $105
    • Skyworks Solutions (SWKS) upgraded to Overweight from Neutral at Piper Sandler, tgt $140
    • Skyworks Solutions (SWKS) upgraded to Overweight from Sector Weight at KeyBanc, tgt $105
    • Spire (SR) upgraded to Neutral from Underperform at BofA Securities, tgt $89
    • Sunoco (SUN) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $65
    • Telecom Argentina (TEO) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $11
    • Victoria's Secret (VSCO) upgraded to Buy from Neutral at UBS, tgt $46
    • Xencor (XNCR) upgraded to Overweight from Underweight at Barclays, tgt $23
  • Downgrades:
    • Autohome (ATHM) downgraded to Neutral from Overweight at JPMorgan, tgt $28
    • Brookfield Infrastructure Partners (BIP) downgraded to Hold from Buy at Jefferies, tgt $37
    • IREN Ltd. (IREN) downgraded to Sell from Buy at H.C. Wainwright, tgt $45
    • Qorvo (QRVO) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $110
    • ReNew Energy Global (RNW) downgraded to Neutral from Outperform at Mizuho, tgt $8.15
    • Stride (LRN) downgraded to Market Perform from Outperform at BMO Capital, tgt $108
    • UnitedHealth Group (UNH) downgraded to Hold from Buy at Deutsche Bank, tgt $333
    • VF Corp. (VFC) downgraded to Neutral from Outperform at KGI Securities, tgt $14.50
  • Others:
    • Energy Transfer (ET) initiated with a Hold at Jefferies, tgt $17
    • Qnity Electronics (Q) initiated with an Overweight at KeyBanc, tgt $117
    • Simmons First National (SFNC) initiated with an Equal Weight at Morgan Stanley, tgt $22
    • Southwest Gas (SWX) initiated with an Outperform at Mizuho, tgt $91
    • Viking Therapeutics (VKTX) initiated with a Buy at Canaccord, tgt $106
  • Econ Data (Thursday):
    • 8:30 ET: Advance Q3 GDP (Briefing.com consensus 3.0%; prior 3.8%), advance Q3 GDP Deflator (Briefing.com consensus 2.7%; prior 2.1%), weekly Initial Claims (Briefing.com consensus 257,000; prior NA), and Continuing Claims (prior NA)
    • 10:30 ET: Weekly natural gas inventories (prior +87 bcf)
  • Earnings:
    • Monday (Oct 27)
      • Pre-Market: BOH CRI DEA KDP LKFN RVTY
      • After-Hours: AGYS ARE ABCB AMKR ACGL CAR BBBY BMRN BRX BRO CDNS CLS CINF CFLT CR CTOS DORM FFIV FTAI HIG KRC LEG NE NWBI NOV NUE NXPI OLN PDM PFG METC RMBS SBCF SSD UHS WM WELL WHR
      Tuesday (Oct 28)
      • Pre-Market: AOS ALKS AMT AIT ARCC AWI ABG ATI AXTA BTSG CARR CECO CHKP CVLT GLW CURB DHI ECL FELE GPI HRI HNI HOPE HUBB INCY IVZ IQV JBLU KNSA LH MSCI NEO NVS EDU NEE PYPL PHIN PII REGN RGEN RCL SHW SFD SOFI SYY THC TRS UNH UPS VFC W XYL ZBRA
      • After-Hours: AKR AMRZ APAM NTB BE BKNG BXP CZR CWH CAKE CHE CSGP EIX EA ESI ENPH EQR EXLS EXE FCF FLS FCPT FYBR WGS GBX HIW HURN KAI LSTR LOGI MTH MIR MOD MDLZ MSA NBR NBIX OKE PPG RRC RRR REG RNR RNST STX ST LRN TER TX TRMK UCTT UMBF VRNS VLTO V VSEC WPC ZWS
    • Wednesday (Oct 29)
      • Pre-Market: AER AEP AROC ADP AVTR AVT BLCO BLKB BA EAT CAT CNC GTLS CHEF CLVT CLH CSTM CRTO CVS DAN DFIN ETR ESAB ETSY EVR EXTR FI FLEX FTV FDP GRMN GTES GEHC GNRC GIL GSK HAYW IEX IONS ITT KEX KHC DRS LFUS MAS MTRN MGPI MNRO NAVI NI OGE ODFL OSW OSK OTIS PAG PSX PUMP PB RDWR REYN SLGN SITE SW SCL TEL COCO TKR TNET UTHR UMC VRSK VZ VIRT WSO
      • After-Hours: AEM AGI ALGN ALSN GOOG AMH AWK AM AR ATRC AVB AXS BIO BOOT CHRW WHD CALX CP CSL CVNA CBZ CMG CDE CGNX CTSH COHU CVI DVA DAY DHT EBAY EHC EPR EQX ESS ETD EQIX EG EXR FIBK FMC FORM GKOS GRBK GH THG PI IRT INVH KLAC MGY MAX MELI META MTG MGM MSFT MAA MCW MKL MC MUSA MYRG NTGR NWE OPK PPC PBI PFS PRU PSA RRX ROL RSI NOW SKWD SCI SFM STAG SBUX SUI SNCY TNK TS TDOC TENB TMDX RIG TTMI TYL UDMY UDR UFPI VTR VRRM VIAV WAY WEX WOLF
    • Thursday (Oct 30)
      • Pre-Market: AAP ALGM ALNY MO AMP AME AGIO BUD APLS APG APTV BAX BDC BLDR BIIB BWA BMY CWT CAH CCCS LNG CMS CNX CMCO CMCSA COMM CROX CFR CWK DBRG DTM DTE EXP LLY EME ENTG EPD EL FSS FCFS FOXA GEL ROCK HSY DINO HGV HWM HII IDA NSIT INSM IP IART ICE IDCC ITRI JHG KBR K KMB KIM LHX LAUR LCII LECO LNC LKQ LXP MBUU MA MPW MRK NMRK NVCR OMCL OPCH PATK PBF BTU PWR QSR RBLX RES SPGI SAIA SNDR STNG SHAK SIRI SO CI THRY TW TT TRN UPBD UTZ VAL VNT VMC WNC WEC WCC WLK WTW XEL XRX XPO
      • After-Hours: ATGE ALHC ALKT ATEC AMZN APPF AAPL ATR ACA ARDX ARW AJG TEAM AX BJRI BFAM CWST NET COIN COLB COLM CDP CUZ CACC CUBE DXCM DXC EW EIG EXPO FHI FSLR FND FBIN GLPI GILD GDDY GDYN HR HTGC HLI HUBG ICFI ILMN IR IRTC TREE LPLA LUMN NVST MTZ MMSI MPWR MSI OHI OSIS PK PSMT KWR RDDT RGA RSG RMD RKT ROKU RYAN SVV SEM SIMO SKYW SPSC SPXC MSTR SYK TVTX TWLO VICI WERN WDC WY ZG
    • Friday (Oct 31)
      • Pre-Market: ABBV AGCO AON CNI CBOE CVE CHTR CVX CHD CL D XOM FRT GWW IMO TILE LEA LIN LYB MGA NWL NVT OIS OMF OMI PIPR POR PRLB RBC SXT TROW TEX WT XHR
      • After-Hours: None
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