The AI spending boom is facing another reality check after Amazon reported a massive cash outflow despite surging cloud revenue, while Intel delivered a disappointing outlook. Meanwhile, Eli Lilly is raising its sales forecast on booming obesity drug demand, the U.S. economy is growing faster than expected, and the European Central Bank is preparing for a leadership shake-up.

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*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.

Futures are sliding sharply, with tech leading the selloff after disappointing earnings from Amazon and Intel reignited concerns over massive AI spending. Chip stocks are under pressure, while rising oil prices add to inflation worries ahead of fresh employment cost data.

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Earnings (Premarket):
· ExxonMobil Holdings Corporation [XOM]
· AbbVie Inc. [ABBV]
· Chevron Corporation [CVX]
· AstraZeneca PLC [AZN]
· BP p.l.c. [BP]
· Sanofi [SNY]
· General Dynamics Corporation [GD]
· Regeneron Pharmaceuticals, Inc. [REGN]
· Canadian National Railway Company [CNI]
· Colgate-Palmolive Company [CL]

Economic Reports:

· Employment cost index (Q3): 8:30 am
· Chicago PMI (October): 9:45 am

The U.S. economy grew at a stronger-than-expected 3.4% annualized pace in the third quarter, as consumer spending and AI investment fueled expansion, although inflation accelerating to 3.6% reinforced expectations of another Fed rate hike.

European Central Bank President Christine Lagarde announced her resignation effective February 7, 2027, as the ECB held rates steady at 2.5% while warning that higher energy costs could justify another increase in December.

Amazon reported a $42.4 billion trailing-year free cash flow outflow despite booming cloud demand, with AWS revenue surging 39% to $46 billion as enormous AI infrastructure investments raised fresh concerns about spending sustainability.

Intel warned of continued weakness in PC demand and billions in investment-related cash outflows, after forecasting fourth-quarter revenue below expectations and revealing that a factory explosion in Israel could cost roughly $600 million in lost sales.

Eli Lilly raised its annual revenue forecast to as much as $92 billion after quarterly sales jumped 39% to $24.4 billion, driven by soaring demand for its blockbuster obesity and diabetes treatments Zepbound and Mounjaro.

AstraZeneca unveiled a restructuring plan targeting $1.5 billion in annual savings, with funds earmarked for drug development after quarterly earnings beat expectations, supporting its ambition to generate $80 billion in annual revenue by 2030.

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Mastercard beat quarterly earnings expectations as revenue climbed 14% to $9.8 billion, with cross-border payment volumes growing 11% and demand for fraud prevention and other value-added services lifting that division's revenue by 19%.

Investment firm PAG agreed to acquire a controlling stake in Evergrande's property management business for approximately $514 million, marking another major asset sale as liquidators work to recover funds for creditors owed billions.

Caterpillar reported a 17% jump in quarterly revenue to $20.7 billion, with adjusted earnings reaching $7.20 per share as strong equipment demand, higher selling prices, and a record order backlog supported the industrial giant's results.

Cheniere Energy raised its annual profit forecast as Middle East supply disruptions boosted LNG demand, with quarterly export revenue climbing 42% to $6.1 billion as international buyers increasingly turned to American natural gas supplies.

CareDx is becoming more than a transplant diagnostics company. Shares surged as investors embraced its expanding specialty oncology business, strengthened by its recent acquisition of Naveris and its NavDx cancer-monitoring technology. Testing volumes climbed 51%, including acquired volume, while new transplant diagnostics are targeted for commercial launches in 2027. Investors see multiple growth opportunities emerging.

Google's AI search tools are becoming a serious threat to Reddit's business model. Shares plunged after management warned of collapsing search referrals, with traffic falling by more than one million referrals per week on average in October. Reddit is now testing mandatory logins to protect its content and build direct engagement, but investors worry that reduced visibility could derail user growth.

Chocolate is finally getting cheaper to make, and Mondelez stands to benefit. Shares rallied as easing cocoa costs restored pricing flexibility, allowing the Oreo and Cadbury maker to offer more promotions without sacrificing margins. The company also announced plans to acquire Undercover Snacks, expanding its healthier snack offerings as consumers increasingly seek better value.

One NASDAQ company is already delivering. 558% YoY revenue growth. Paid Air Force and Navy trials done. 26 acquisitions complete. Quantum defense initiative underway.

Stock at $199M while peers trade at $685M–$7B. Maxim has a $5 target.

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*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.

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