Earnings · Handset outlook
Qualcomm QCOM
▼ ~10%
Sinks even as Q4 results hit the high end of guidance and the company unveils a long-term AWS custom AI silicon deal. A weak handset outlook weighs on the shares.
Independent analysis on the stocks, sectors, and macro forces shaping your portfolio — from M&A shake-ups to AI infrastructure, from Fintech to the stars.
Post-Election Wrap Investing Guide ↗US stocks trade lower as a post-election rotation out of chip and AI names follows the Democratic sweep and fears of tighter data-center regulation. Percentages are approximate and intraday.
Investors are reacting to the Democratic midterm sweep and potential tighter AI and data-center regulation.
Sinks even as Q4 results hit the high end of guidance and the company unveils a long-term AWS custom AI silicon deal. A weak handset outlook weighs on the shares.
AMD, Micron (MU), Arm Holdings (ARM) and Sandisk (SNDK) decline sharply on data-center restriction fears following Democratic wins. Micron is also pausing plans for a Taiwanese memory plant.
Climbs after Q3 earnings and revenue beat estimates and the company raises guidance. Results were released today.
Rises after lifting its annual profit forecast on strong hybrid vehicle demand, following its earnings report today.
Gains after beating Q3 estimates and issuing upward FY2026 EPS guidance.
Rises after raising its 2026–2027 EPS outlook on a Q3 beat and announcing plans to split into CVS Health and CVS Pharmacy.
| Item | Reading |
|---|---|
| Initial jobless claims | 189,000 vs 196,000 expected |
| US labour productivity | Fastest pace in a year, but little offset to the tech-led decline |
| Sector breadth | Technology lagging; select consumer and healthcare names holding up better beyond the earnings-driven moves in Qualcomm and AppLovin |
Opinion and general information only, not financial advice.
Stocks react to the election results, a busy earnings morning and shifting oil and gold. Percentages are approximate and pre-market where noted.
Trades roughly flat pre-market after posting record Q3 results and lifting its 2027 growth outlook on sustained data-center demand, while booking a more than $1B non-cash charge tied to OpenAI and Meta warrants.
Climbs about 60% after raising its 2026 outlook.
Gains over 20% on 29% growth in daily active users.
Rises about 16% after Q3 adjusted EPS of $0.56 beat forecasts, and it reaffirmed its 2026 sales and earnings targets.
Gains about 8% after Mizuho raised its price target and reiterated an Outperform rating.
Climbs roughly 7% on expectations of a more supportive policy backdrop for renewables following the Democratic election outcome.
CoreWeave (CRWV) and Applied Digital (APLD) fall about 3–7% amid concerns about increased oversight.
Drops about 11% as positions tied to Republican fortunes are unwound after the election. Tesla (TSLA) shares also trade lower on the results.
| Ticker | Company | Takeaway |
|---|---|---|
| MCD | McDonald’s | Revenue misses on weaker U.S. traffic |
| CVS | CVS Health | Raises its outlook and announces a planned business split |
| RIOT | Riot Platforms | Signs a major AI lab land lease |
| UBER | Uber | Reported, with share reactions mixed across the group |
Several names beat estimates, but share reactions were mixed.
Opinion and general information only, not financial advice.
US stocks trade mixed on Election Day as small caps lead and oil holds steady amid midterm uncertainty, following factory orders and JOLTs data. Percentages are approximate and intraday.
Small caps outperform large caps.
Drops after reporting fiscal Q4 revenue of $114.5B, above estimates. Under new CEO John Ternus, it guides December-quarter gross margins to 45–46% on higher memory costs and Siri AI ramp expenses.
Declines despite a Q3 beat and raised guidance, as contract metrics weakened with slower total contract value growth. Q4 revenue is projected near $2.65B.
Falls after filing an automatic shelf registration with the SEC, enabling future offerings of multiple securities, while GMV and subscription revenue missed estimates.
Surges on an earnings beat as chip and AI-related names rebound.
Rises on an earnings beat, helping lift chip and AI-related names.
Climbs as Samsung allocates high-bandwidth memory orders to AMD and Aehr Test Systems (AEHR)’s CEO comments on accelerating AI chip demand.
Opinion and general information only, not financial advice.
Takeover bids, earnings and analyst calls driving the biggest moves. Percentages are approximate.
Marvell falls about 6% after agreeing to acquire Lumentum Holdings in a $115 billion all-stock deal, seen as a major bet on AI data-center infrastructure.
Shares surge after LS Power proposes buying the remaining shares for $2 each.
Jumps after agreeing to an all-cash acquisition by Affle at $11.70 per share.
Climbs on 10% revenue growth to $1.21 billion and a raised 2026 outlook.
Gains about 7% after UBS (UBS) upgrades the stock to buy.
Slips roughly 1% even after lifting full-year sales and profit guidance following a 7% quarterly revenue beat.
Drops about 4% after a quarterly revenue miss and weaker-than-expected Q4 revenue guidance.
| Ticker | Company | Move | Catalyst |
|---|---|---|---|
| EVGO | EVgo | ▲ 44% | LS Power $2/share proposal |
| PERI | Perion Network | ▲ ~31% | Affle all-cash deal, $11.70/share |
| IDXX | IDEXX Laboratories | ▲ ~17% | Revenue +10% to $1.21B, raised 2026 outlook |
| RIVN | Rivian | ▲ ~7% | UBS upgrade to buy |
| EL | Estée Lauder | ▼ ~1% | Raised guidance, 7% revenue beat |
| CHKP | Check Point Software | ▼ ~4% | Revenue miss, weak Q4 guidance |
| MRVL | Marvell Technology | ▼ ~6% | $115B all-stock deal for Lumentum (LITE) |
Opinion and general information only — not financial advice. Do your own research before investing.
Our take on the names in focus today. Opinion only, built on reported figures and trader commentary.
AMD, Micron, Arm Holdings and Sandisk are down sharply as investors price in the risk of data-center restrictions after the Democratic wins. Micron is also pausing plans for a Taiwanese memory plant. The Nasdaq 100 is down about 3.7%.
Our take: this is a rotation driven by policy fear, not by weak demand. The risk is that regulation headlines keep repricing the whole AI hardware chain.
Updated · November 5, 2026 Mobile Chips · QCOMQualcomm is down about 10% even though Q4 results hit the high end of guidance and it unveiled a long-term AWS custom AI silicon deal. A weak handset outlook is weighing on the shares.
Our take: the AI silicon story is real but still small next to the phone business. Until handset demand stabilises, the market will keep discounting it.
Updated · November 5, 2026 Ad Tech · APPAppLovin climbed about 31% after Q3 earnings and revenue beat estimates and it raised guidance.
Our take: a rare strong move on a down day for tech shows how much the market still pays for clean execution.
Updated · November 5, 2026 Autos · TMToyota rose roughly 10% after lifting its annual profit forecast on strong hybrid vehicle demand.
Our take: hybrids continue to give Toyota a margin edge while the industry debates how fast to go fully electric.
Updated · November 5, 2026 IT Services · EPAMEPAM gained about 18% after beating Q3 estimates and issuing upward FY2026 EPS guidance.
Our take: a guidance raise matters more than the beat, since it signals confidence in the pipeline.
Updated · November 5, 2026 Healthcare · CVSCVS rose about 2% after raising its 2026–2027 EPS outlook on a Q3 beat and announcing plans to split into CVS Health and CVS Pharmacy.
Our take: the muted reaction suggests investors want to see how the split is structured before paying up for it.
Updated · November 5, 2026 Labour Data · MacroInitial jobless claims came in at 189,000 versus 196,000 expected, and US labour productivity rose at its fastest pace in a year. Neither did much to offset the tech-led equity decline.
Our take: strong labour data supports the case for further Fed tightening, which is not helpful for richly valued tech.
Updated · November 5, 2026 Gold & Silver · GLDTrader sentiment: cautious, with the safe-haven role itself under debate.
Updated · November 4, 2026 📖 GuideAccounts, strategy and the mindset of long-term wealth creation, even with a small amount of money.
⏱ 3-Minute ReadOpinion and general information only, not financial advice. Figures are from company reports and press coverage and can change.
The forces moving rates, oil, the dollar and risk appetite right now. Market levels are as of the November 3 close or the latest report cited.
The Fed voted 10–2 on October 28 to keep its target range at 3.75–4.00%, after raising it by 0.25 points in September. Markets are pricing a possible hike at the next meeting on December 8–9, and Citi now expects one.
September CPI rose 0.6% on the month and 3.7% on the year, up from 3.4% in August. Energy prices were up about 20% year on year, while core CPI was 2.6%, so the gap between headline and core is the Fed’s dilemma.
Oil has been tied to the Gulf war since it began in late February, with crude near or above $100 for much of the year. Brent fell about 8% on November 2 after Iran’s leadership authorised further talks, and reports of a US-approved draft deal whipsawed WTI on November 3.
The 10-year yield topped 5.2% in early October, and the IMF noted it was up almost 110 basis points since the war began. It ended October at 4.94% and has hovered near 4.9–5.0% around the election. Mortgage rates above 7% were reported in late September.
Initial jobless claims came in at 189,000 versus 196,000 expected on November 5, and productivity rose at its fastest pace in a year. A stronger-than-expected JOLTS report on November 3 had already lifted yields. The labour picture has been uneven this year, with payrolls even falling in July.
Investors are weighing what the midterm results mean for fiscal policy, the dollar and yields. Treasury expects to borrow $618B in Q4, and the Bipartisan Policy Center expects the debt limit to be reached between late winter and mid-summer 2027.
Sources: Federal Reserve and BLS releases, Reuters, CNBC, Saxo, Babypips, Morgan Stanley and IMF commentary as reported. Figures change quickly, so check before relying on them. Opinion and general information only, not financial advice.
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