After Hours Report

Updated: 30-Oct-25 17:56 ET
Apple and Amazon head higher on earnings

The stock market's mega-cap rally finally stalled today, sending the S&P 500 (-1.0%), Nasdaq Composite (-1.6%), and DJIA (-0.2%) lower and snapping this week's perfect streak of fresh record highs.

Meta Platforms (META 666.47, -85.20, -11.33%) was the focal point of weakness after its earnings report yesterday, in which it comfortably bested expectations but saw a substantial $15.9 billion non-cash income tax charge weigh on GAAP EPS and the stock post-earnings.

Perhaps more importantly, the company raised its FY25 spending plans and warned of even heftier AI spending next year, prompting concerns around the profitability, or more specifically, the timeline to profitability of massive AI expenditure. 

That same sentiment did not seem to weigh on Alphabet (GOOG 281.90, +6.73, +2.45%), which traded higher after crushing Q3 earnings expectations.

The company also raised its FY25 capex guidance and expectations for even higher spending in 2026. Investors seemed less worried by Alphabet's spending spree, as Google Cloud revenue jumped 34% to $15.2 billion, with backlog up 46% to $155 billion as AI services drove growth. Management noted more billion-dollar deals in the first nine months of 2025 than the previous two years combined.

Torn between Meta's weakness and Alphabet's strength, the communication services sector (-2.1%) ultimately finished lower. 

Microsoft (MSFT 525.78, -15.77, -2.91%) also moved lower despite an earnings beat of its own, though the company issued just in-line Q2 guidance and reported a smaller upside surprise in Azure revenues than previous quarters.

Elsewhere, the consumer discretionary sector (-2.6%) finished with the widest loss as Tesla's (TSLA 440.10, -21.41, -4.64%) slide pushed it to negative territory for the month, while Amazon (AMZN 222.86, -7.44, -3.23%) traded lower ahead of its earnings this afternoon. The sector faced additional pressure from post-earnings weakness in Chipotle Mexican Grill (CMG 32.52, -7.24, -18.22%) and eBay (EBAY 83.73, -15.81, -15.88%).

Apple (AAPL 271.40, +1.70, +0.63%) also reports this afternoon, though it consistently held a modest gain throughout the session, helping to limit losses in the information technology sector (-1.4%), which moved lower with Microsoft and other top components. NVIDIA (NVDA 202.81, -4.23, -2.04%) was among those names, pulling back from recent record highs and contributing to a 1.5% loss in the PHLX Semiconductor Index. 

The Vanguard Mega Cap Growth ETF (-1.5%) finished with a similar loss, and the S&P 500 Equal Weighted Index (-0.4%) outperformed the market-weighted S&P 500 (-1.0%). 

While the mega-caps lagged from the start, other recently overlooked pockets of the market held considerable gains throughout the day as investors rotated out of tech. The DJIA (-0.2%) held a nice gain for most of the day, nearly eclipsing yesterday's all-time high level before a broader retreat ensued late in the session. 

Three S&P 500 sectors still managed to finish higher, all of which faced significant losses in yesterday's trade. 

The real estate sector (+0.6%) finally caught some buying interest, though the sector still holds a 4.0% loss for the week, while the financials sector (+0.3%) was supported by strength in its major banking names after weakness across the board yesterday. 

The health care sector (+0.2%) also escaped with a gain, supported by its largest component, Eli Lilly (LLY 844.79, +31.26, +3.84%), after an earnings beat, while Moderna (MRNA 28.14, +3.44, +13.93%) made a significant intraday move following speculation of a buyout. Dow component Merck (MRK 86.26, -0.32, -0.37%) faced a modest loss despite beating earnings estimates. 

Outside of the S&P 500, the small-cap Russell 2000 (-0.8%) and S&P Mid Cap 400 (-1.0%) widened their losses that came after Fed Chair Powell's commentary reduced the market's expectations of a December rate cut. 

Despite the stock market retreating today as its largest names lagged, it was not a complete washout trade by any means. After a several-day rally past record highs, the mega-caps were due for a pullback, with any hint of weakness in earnings reports used as a reason to take some money off of the table.

U.S. Treasuries retreated on Thursday, adding to their post-FOMC losses, with longer tenors leading the weakness. The 2-year note yield settled up three basis points to 3.61%, and the 10-year note yield settled up four basis points to 4.09%.

  • Nasdaq Composite: +22.1% YTD
  • S&P 500: +16.0% YTD
  • DJIA: +11.7% YTD
  • Russell 2000: +10.6% YTD
  • S&P Mid Cap 400: +3.4% YTD

Overseas:

  • Europe: DAX +0.1%, FTSE +0.0%, CAC -0.5%
  • Asia: Nikkei +0.0%, Hang Seng -0.2%, Shanghai -0.7%

Commodities:

  • Crude Oil +0.10 @ 60.56
  • Nat Gas +0.87 @ 4.21
  • Gold +15.20 @ 4015.70
  • Silver +0.73 @ 48.61
  • Copper -0.16 @ 5.10

After-Hours Spotlight:

  • Amazon (AMZN) beats by $0.38, beats on revs; guides Q4 revs in-line...AMZN +13.9%
  • Apple (AAPL) beats by $0.07, reports revs in-line; guides Q1 revs above consensus; iPhone revs miss; sees Q1 revs above consensus...AAPL +3.1%
  • Atlassian (TEAM) beats by $0.20, beats on revs; guides Q2 revs above consensus; guides FY26 revs above consensus; CFO to retire; authorizes new $2.5 bln share repurchase program...TEAM +6.4%
  • Alphatec (ATEC) beats by $0.06, beats on revs; guides FY25 revs above consensus...ATEC +18.9%
  • Coinbase Global (COIN) beats by $0.31, beats on revs, transaction revenue up 37% qtr/qtr; Guides for Q4 Subscription and Services Revenue of $710-$790 mln...COIN +2.7%
  • Dexcom (DXCM) beats by $0.04, beats on revs; guides FY25 revs above consensus...DXCM -12.0%
  • Gilead Sciences (GILD) beats by $0.34, beats on revs; raises low end of FY25 EPS and product sales guidance ranges...GILD -1.4%
  • GSI Technology (GSIT) announces second quarter fiscal 2026 results...GSIT -13.9%
  • Lumen Technologies (LUMN) beats by $0.06, beats on revs...LUMN +4.9%
  • Reddit (RDDT) beats by $0.28, beats on revs; guides Q4 revs above consensus...RDDT +6.6%
  • Roku (ROKU) beats by $0.07, reports revs in-line; guides Q4 revs above consensus...ROKU -5.5%
  • Savers Value Village (SVV) reports EPS in-line, revs in-line; guides FY25 EPS in-line, revs in-line; comp sales +5.8%; authorizes new $50 mln share repurchase program...SVV -14.1%
  • Twilio (TWLO) beats by $0.17, beats on revs; guides Q4 EPS above consensus, revs above consensus...TWLO +9.4%
  • Western Digital (WDC) beats by $0.19, beats on revs; midpoint of Q2 EPS and revenue guidance above consensus; increases dividend...WDC +8.6%
  • Zillow (ZG) beats by $0.01, reports revs in-line...ZG +4.2%

Fair Value for Friday, October 31:

  • S&P 500: 6,853
  • Nasdaq 100: 25,870
  • DJIA: 47,671
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):
    • Advance Auto (AAP) beats by $0.17, reports revs in-line; guides FY25 EPS above consensus, revs in-line
    • Agnico-Eagle Mines (AEM) beats by $0.15
    • Alamos (AGI) beats by $0.01, misses on revs
    • Align Tech (ALGN) beats by $0.21, beats on revs; guides Q4 revs in-line
    • Allison Transmission (ALSN) misses by $0.17, misses on revs; guides FY25 revs below consensus
    • Alphabet (GOOG) beats by $0.61, beats on revs, Google Cloud revenue grew 34% yr/yr; Raises 2025 capex guidance to $91-$93 bln
    • Altria (MO) beats by $0.01, beats on revs; guides FY25 EPS in-line; announces buyback
    • Ametek (AME) beats by $0.13, beats on revs; guides Q4 EPS above consensus; guides FY25 EPS above consensus
    • Anheuser-Busch InBev (BUD) beats by $0.03, reports revs in-line
    • Antero Midstream (AM) beats by $0.02, misses on revs
    • Antero Resources (AR) reports EPS in-line, beats on revs
    • AvalonBay (AVB) misses by $0.06; guides Q4 FFO in-line
    • Bausch Health (BLCO) reports Q3 revs +7% yr/yr to $2.68 bln vs. $2.63 FactSet consensus
    • Baxter (BAX) beats by $0.09, misses on revs; guides FY25 EPS below consensus, revs below consensus
    • Belden (BDC) beats by $0.05, beats on revs; guides Q4 EPS in-line, revs in-line
    • Biogen (BIIB) beats by $0.93, beats on revs; lowers FY25 EPS guidance
    • Bio-Rad Labs (BIO) beats by $0.31, reports revs in-line; reaffirms FY25 outlook
    • 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%
    • BorgWarner (BWA) beats by $0.06, misses on revs; raises FY25 EPS guidance, guides revenue slightly below consensus
    • BridgeBio Pharma (BBIO) misses by $0.06, beats on revs
    • Bristol-Myers (BMY) beats by $0.12, beats on revs; narrows FY25 EPS guidance; raises FY25 revenue guidance
    • Builders FirstSource (BLDR) beats by $0.31, beats on revs; guides FY25 revs in-line
    • Cactus (WHD) beats by $0.09, beats on revs
    • Calix Networks (CALX) beats by $0.10, beats on revs; guides Q4 EPS above consensus, revs above consensus
    • Cardinal Health (CAH) beats by $0.37, beats on revs; guides FY26 EPS above consensus; announces buyback
    • Carlisle Cos (CSL) beats by $0.25, beats on revs
    • Carvana (CVNA) reports Q3 (Sep) results, beats on revs
    • CBIZ (CBZ) beats by $0.11, misses on revs; guides FY25 EPS in-line, revs mostly above consensus
    • Cheniere Energy (LNG) beats by $1.84, misses on revs; Maintains 2025 Adjusted EBITDA, raises DCF guidance
    • Chipotle Mexican Grill (CMG) reports EPS in-line, revs in-line; provides FY25 outlook; Q3 comps +0.3%
    • C.H. Robinson (CHRW) beats by $0.10, misses on revs
    • Coeur Mining (CDE) misses by $0.03, beats on revs
    • Cognex (CGNX) beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line
    • Cohu (COHU) beats by $0.14, beats on revs; guides Q4 revs in-line
    • Crocs (CROX) beats by $0.56, beats on revs; guides Q4 EPS above consensus
    • CVR Energy (CVI) beats by $0.18, beats on revs
    • DaVita (DVA) reports Q3 (Sep) results, revs in-line; guides FY25 EPS in-line
    • Dayforce (DAY) misses by $0.18, reports revs in-line
    • DTE Energy (DTE) beats by $0.14; reaffirms FY25 EPS guidance; guides FY26 EPS below consensus
    • Eagle Materials (EXP) misses by $0.12, reports revs in-line
    • eBay (EBAY) beats by $0.03, beats on revs; guides Q4 EPS below consensus, revs above consensus
    • Eli Lilly (LLY) beats by $1.33, beats on revs, Worldwide Mounjaro revenue up 109%, U.S. Zepbound revenue up 184%; raises FY25 EPS and revenue guidance
    • Encompass Health (EHC) beats by $0.04, reports revs in-line; guides FY25 EPS in-line, revs in-line
    • Envista (NVST) beats by $0.04, beats on revs; guides FY25 EPS in-line
    • EPR Properties (EPR) beats by $0.04, beats on revs; guides FY25 FFO in-line
    • Equinix (EQIX) beats by $0.48, reports revs in-line; guides FY25 FFO in-line, revs in-line
    • Estee Lauder (EL) beats by $0.14, beats on revs
    • FMC Corp (FMC) beats by $0.04, misses on revs; guides Q4 EPS below consensus, revs below consensus
    • FormFactor (FORM) beats by $0.08, beats on revs; guides Q4 EPS above consensus, revs above consensus
    • Fox Corporation (FOXA) beats by $0.41, beats on revs; Expects to enter into $1.5 bln accelerated share repurchase transaction commencing tomorrow
    • Glaukos (GKOS) beats by $0.10, beats on revs; guides FY25 revs above consensus; guides FY26 revs in-line
    • Green Brick Partners (GRBK) beats by $0.30, beats on revs
    • Guardant Health (GH) beats by $0.05, beats on revs; guides FY25 revs above consensus
    • Hershey Foods (HSY) beats by $0.23, beats on revs; guides FY25 EPS below consensus, revs in-line
    • Howmet Aerospace (HWM) beats by $0.04, beats on revs; guides FY25 EPS above consensus, revs above consensus; guides FY26 revs above consensus
    • IdaCorp (IDA) reports EPS in-line; raises FY25 EPS in-line
    • Impinj (PI) beats by $0.08, beats on revs; guides Q4 EPS above consensus, revs in-line
    • ING Groep (ING) reports Q3 results; Completes share buyback and announces new distribution program of up to €1.6 billion
    • Invitation Homes (INVH) reports FFO in-line, revs in-line; guides FY25 FFO in-line
    • KBR (KBR) beats by $0.07, misses on revs; reaffirms FY25 EPS guidance, lowers FY25 revs below consensus
    • Kimberly-Clark (KMB) beats by $0.07, beats on revs
    • KLA Corporation (KLAC) beats by $0.18, beats on revs; guides Q2 EPS in-line, revs in-line
    • L3Harris (LHX) beats by $0.12, beats on revs; guides FY25 EPS in-line, revs above consensus
    • LendingTree (TREE) beats by $1.00, beats on revs; guides Q4 revs above consensus
    • MercadoLibre (MELI) misses by $0.84, beats on revs
    • Merck (MRK) beats by $0.23, beats on revs; guides FY25 EPS above consensus, revs in-line
    • Meta Platforms (META) beats by $0.53, beats on revs; guides Q4 revs in-line
    • MGM Resorts (MGM) misses by $0.14, reports revs in-line
    • Microsoft (MSFT) beats by $0.46, beats on revs; Azure +39% CC vs +37% CC prior guidance
    • Moelis (MC) beats by $0.08, misses on revs
    • Murphy USA (MUSA) beats by $0.25, reports revs in-line; announces new, up to $2.0 bln share repurchase authorization
    • MYR Group (MYRG) beats by $0.13, beats on revs
    • NorthWestern (NWE) beats by $0.04, beats on revs; reaffirms FY25 EPS guidance
    • Pilgrim's Pride (PPC) beats by $0.12, beats on revs
    • Pitney Bowes (PBI) misses by $0.01, misses on revs; reaffirms FY25 EPS guidance, revs guidance
    • Public Storage (PSA) beats by $0.07, misses on revs; guides FY25 FFO in-line
    • Quanta Services (PWR) beats by $0.08, beats on revs; guides FY25 EPS in-line, revs above consensus
    • Regal Rexnord (RRX) misses by $0.02, reports revs in-line; guides FY25 EPS below consensus
    • Restaurant Brands Int'l (QSR) beats by $0.03, beats on revs
    • Rollins (ROL) beats by $0.02, reports revs in-line
    • Rush Enterprises (RUSHA) beats by $0.02, beats on revs
    • Saia (SAIA) beats by $0.27, beats on revs
    • Samsung (SSNLF) reports Q3 results; provides Capex update
    • Sandoz (SDZNY) reports Q3 trading update; sales rise 6% yr/yr; reaffirms FY25 sales outlook
    • Service Corp (SCI) beats by $0.04, beats on revs; guides FY25 EPS in-line
    • ServiceNow (NOW)beats by $0.56, beats on revs; Issues Q4 subscription revenue and cRPO guidance
    • Shake Shack (SHAK) beats by $0.05, reports revs in-line
    • Shell plc (SHEL) beats by $0.10; revs in-line; provides Q4 outlook; announces commencement of a share buyback programme
    • Sirius XM (SIRI) beats by $0.06, reports revs in-line; raises FY25 revenue slightly above consensus
    • Skyward Specialty Insurance Group (SKWD) beats by $0.16
    • Starbucks (SBUX) misses by $0.04, beats on revs; global comp sales +1%, North America and US comp sales flat
    • Stellantis (STLA) reports Q3 trading statement; slightly beats on revs; reaffirms H2 outlook
    • Takeda Pharma (TAK) reports H1 results; Revises FY2025 outlook on FX impacts and cell therapy impairment
    • Teladoc (TDOC) misses by $0.02, reports revs in-line; guides FY25 EPS in-line, revs in-line
    • Tenable (TENB) beats by $0.05, beats on revs; guides Q4 EPS in-line, revs in-line
    • The Cigna Group (CI) beats by $0.19, beats on revs; reaffirms FY25 EPS guidance
    • TotalEnergies (TTE) reports Q3 results; provides Q4 outlook
    • Tradeweb Markets (TW) beats by $0.04, reports revs in-line
    • Trane (TT) beats by $0.10, reports revs in-line; raises FY25 EPS guidance
    • TTM Tech (TTMI) beats by $0.07, beats on revs; guides Q4 EPS above consensus, revs above consensus
    • Tyler Tech (TYL) beats by $0.05, reports revs in-line; guides FY25 EPS in-line, revs in-line
    • UFP Industries (UFPI) misses by $0.10, misses on revs; seeing a competitive environment across its end markets
    • Verra Mobility (VRRM) beats by $0.03, beats on revs; reaffirms FY25 EPS guidance, guides FY25 revs above consensus; guides FY26 EPS below consensus, revs in-line
    • Vontier (VNT) beats by $0.01, reports revs in-line; guides Q4 EPS in-line, revs below consensus; guides FY25 EPS in-line, revs below consensus
    • Vulcan Materials (VMC) beats by $0.12, beats on revs
    • Waystar Holding Corp. (WAY) beats by $0.01, beats on revs; guides FY25 EPS above consensus, revs above consensus
    • WEX (WEX) beats by $0.15, beats on revs; guides Q4 EPS in-line, revs in-line; guides FY25 EPS above consensus, revs in-line
    • Wolfspeed (WOLF) beats by $0.16, reports revs in-line; guides Q2 revs below estimate
    • Xcel Energy (XEL) misses by $0.08, reports revs in-line; reaffirms FY25 EPS in-line; guides FY26 EPS in-line
  • General News
    • President Trump and Chinese President Xi reach 1 year trade truce; fentanyl tariffs cut to 10% (meaning all in tariff rate is 45%); President Trump will travel to China in April to meet again with Chinese President Xi; China will purchase "massive" amount of soybeans, energy, and farm products; China will continue flow of rare earth metals
    • Treasury Secretary Scott Bessent Fox Business interview: Expecting a signed China trade deal as soon as next week; President Trump will likely select next Fed Chair before Christmas
    • President Trump also confirms South Korea will make $350 bln in investments and tariff rate will be 15%
    • Senate Majority Leader John Thune says he will soon engage with Democrats about ending shutdown, according to Politico
    • Senate votes 50-46 to end Canadian tariffs, but the resolution will not be brought up for a vote in the House. The resolution also does not have enough support to override a presidential veto, according to The Hill
    • President Trump says U.S. will begin testing nuclear weapons (for the first time since 1992) after Russia tested a new nuclear-powered cruise missile
    • China will work with the U.S. to resolve TikTok issue, according to Bloomberg
    • Adeia Inc. (ADEA) announces that the Federal Court of Canada has issued a favorable judgment in its patent infringement litigation against Videotron Ltd
    • Amneal Pharmaceuticals (AMRX) announces that the U.S. Food and Drug Administration has tentatively approved the Company’s Abbreviated New Drug Application for beclomethasone dipropionate HFA inhalation aerosol
    • Daily Journal Corporation (DJCO) CFO Tu To will retire as an executive officer of the Company effective January 15, 2026
    • Fermi America (FRMI) secures 157.5 MW turbine deal to power world’s largest private energy grid
    • FMC Corp (FMC) reduces quarterly dividend to $0.08/sh from $0.58/sh to further prioritize debt reduction
    • Foghorn Therapeutics (FHTX) announces updates for its Selective ARID1B, Selective CBP, and Selective EP300 degrader programs, which will be presented during a Foghorn-hosted virtual investor event
    • Garmin (GRMN) to construct a factory in Thailand, according to Bloomberg
    • HF Sinclair (DINO) announces the evaluation of a multi-phased expansion of its Midstream refined products footprint across PADD 4 and PADD 5
    • Intellia Therapeutics (NTLA): FDA has placed a clinical hold on the Investigational New Drug applications for the MAGNITUDE and MAGNITUDE-2 Phase 3 clinical trials
    • Manhattan Assoc (MANH) names Greg Betz as COO
    • Matador Resources (MTDR) has recently entered into multiple natural gas transportation and marketing agreements to improve all-in pricing netbacks in a strategic transaction that will achieve exposure to NYMEX Henry Hub pricing and LNG markets
    • Microsoft (MSFT) says "We initiated the deployment of our ‘last known good’ configuration, which has now successfully completed. We are currently recovering nodes and re-routing traffic through healthy nodes."
    • Murphy USA Inc. (MUSA) announces CEO transition and reaffirms capital allocation strategy
    • NuScale Power (SMR) and ENTRA1 to drive $25 bln U.S. advanced nuclear expansion under US–Japan framework
    • NVIDIA (NVDA): President Trump did not discuss Nvidia Blackwell chips with Chinese President Xi, according to Bloomberg
    • Regal Rexnord (RRX) commences CEO succession process; Mr. Pinkham will remain as CEO until a successor is identified to facilitate an orderly leadership transition
    • Savara (SVRA) announces a $75 million royalty funding agreement with funds managed by RTW Investments, LP, subject to FDA approval of MOLBREEVI
    • ServiceNow (NOW) and and FedEx (FDX) Dataworks announce an expanded strategic collaboration to power supply chains of the future by uniting AI, data, and workflows
    • ServiceNow (NOW) announces its Board has authorized a 5-for-1 split of the company's common stock
    • Surmodics (SRDX) announces results from sex-specific analysis of the PROWL registry study of real-world limb ischemia patients treated with the pounce thrombectomy platform
    • Tectonic Therapeutic (TECX) reports positive Phase 1b results for TX45 in PH-HFrEF, showing meaningful heart and pulmonary function improvements
    • Tesla’s (TSLA) robotaxis involved in repeated crashes in Austin despite safety oversight, NHTSA report shows — Electrek
    • Tesla (TSLA) is recalling certain 2024 Cybertruck vehicles equipped with a service-installed off-road light bar accessory
    • Tesla (TSLA): Calpers is against Tesla CEO Elon Musk's pay package, according to Bloomberg
    • Upbound Group (UPBD) announces that Mr. Hal Khouri will join the Company as its Executive Vice President - Chief Financial Officer effective November 10, 2025
    • Wave Life Sciences (WVE) announces Activin E target engagement data from its INLIGHT clinical trial of WVE-007, a GalNAc-siRNA, for the treatment of obesity during the company’s annual analyst and investor Research Day
    • Westlake Chemical Partners (WLKP) announces renewal of ethylene sales agreement
  • Upgrades:
    • Azenta (AZTA) upgraded to Buy from Hold at Jefferies, tgt $38
    • Comerica (CMA) upgraded to In Line from Underperform at Evercore ISI, tgt $88
    • Coinbase (COIN) upgraded to Buy from Sell at H.C. Wainwright, tgt $425
    • Extreme Networks (EXTR) upgraded to Outperform from Perform at Oppenheimer; tgt $25
    • FormFactor (FORM) upgraded to Buy from Neutral at Citigroup, tgt $62
    • Renasant (RNST) upgraded to Outperform from Market Perform at Hovde Group, tgt $41
    • Steven Madden (SHOO) upgraded to Outperform from Market Perform at Telsey Advisory, tgt $43
    • Viavi (VIAV) upgraded to Buy from Neutral at B. Riley, tgt $18
    • Warner Bros. Discovery (WBD) upgraded to Buy from Neutral at Rothschild & Co Redburn, tgt $28
  • Downgrades:
    • American Electric Power (AEP) downgraded to Market Perform from Outperform at BMO Capital, tgt $126
    • Avantor (AVTR) downgraded to Neutral from Overweight at JPMorgan, tgt $12
    • Avantor (AVTR) downgraded to Equal Weight from Overweight at Barclays; tgt $12
    • Boeing (BA) downgraded to Hold from Buy at Deutsche Bank, tgt $240
    • Etsy (ETSY) downgraded to In Line from Outperform at Evercore ISI, tgt $73
    • Fiserv (FI) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $81
    • Fiserv (FI) downgraded to Hold from Buy at TD Cowen; tgt $80
    • Fiserv (FI) downgraded to Neutral from Buy at Seaport Research
    • Fiserv (FI) downgraded to Neutral from Buy at Goldman, tgt $79
    • Jamf Holding (JAMF) downgraded to Neutral from Outperform at Mizuho, tgt $13
    • Materion (MTRN) downgraded to Sector Weight from Overweight at KeyBanc
    • Meta Platforms (META) downgraded to Hold from Buy at The Benchmark Company
    • Meta Platforms (META) downgraded to Perform from Outperform at Oppenheimer
  • Others:
    • Draganfly (DPRO) initiated with a Buy at Needham, tgt $20
    • Evaxion Biotech (EVAX) initiated with a Buy at JonesResearch, tgt $10
    • Kodiak AI (KDK) initiated with a Buy at Chardan, tgt $22
    • Qnity Electronics (Q) initiated with an Outperform at RBC Capital, tgt $120
    • The RealReal (REAL) initiated with a Buy at Roth Capital, tgt $17.50
    • StubHub Holdings (STUB) initiated with a Neutral at Guggenheim; tgt $19
    • ThredUP (TDUP) initiated with a Buy at Roth Capital, tgt $11
  • Econ Data (Friday):
    • 8:30 ET (DELAYED): Q3 Employment Cost Index (Briefing.com consensus 0.9%; prior 0.9%), September Personal Income (Briefing.com consensus 0.4%; prior 0.4%), Personal Spending (Briefing.com consensus 0.4%; prior 0.6%), PCE Prices (Briefing.com consensus 0.3%; prior 0.3%), and Core PCE Prices (Briefing.com consensus 0.3%; prior 0.2%)
    • 9:45 ET: October Chicago PMI (Briefing.com consensus 42.0; prior 40.6)
  • 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
Cookies are essential for making our site work. By using our site, you consent to the use of these cookies. Read our cookie policy to learn more.