Markets are bracing for the midterm elections as Washington's political future hangs in the balance. Meanwhile, Brookfield is backing a massive AI infrastructure project, Marvell is making a $115 billion acquisition, and Bayer is moving closer to resolving its long-running Roundup litigation. Elsewhere, Oracle is raising fresh capital while major legal battles threaten the social media industry.
Join The Masterclass (Sponsored)
What Elon is doing in AI is exactly what he’s done his entire career.
He took over mobile payments with PayPal. Electric cars with Tesla. Commercial space launches with SpaceX.
Now he’s doing it with Artificial Intelligence… and James Altucher believes we could see as many as 1.8 MILLION new “Musk millionaires” over the next decade from his impending AI takeover.
According to James Altucher, there’s one company sitting at the dead center of his plan… and it's still trading for less than $100.
James compiled all the critical details you need to position yourself early in this FREE Millionaire Maker Masterclass.
VIEW IT NOW
Futures at a Glance📈
Futures are mixed as Wall Street braces for today's midterm elections. Apple is dragging on sentiment after a disappointing margin forecast, while chip stocks are finding some support ahead of AMD's earnings. Fresh job openings data adds another wrinkle to an already busy session.
Want to make sure you never miss a pre-market alert?
Elite Trade Club now offers text alerts — so you get trending stocks and market-moving news sent straight to your phone before the bell.
Email’s great. Texts are faster.
You’ll be first in line when the market starts moving.
What to Watch
Earnings (Premarket):
· Shopify Inc. [SHOP]
· Pfizer, Inc. [PFE]
· Eaton Corporation, PLC [ETN]
· Marathon Petroleum Corporation [MPC]
· Ferrari N.V. [RACE]
Earnings (Aftermarket):
· Advanced Micro Devices, Inc. [AMD]
· Amgen Inc. [AMGN]
· Arista Networks, Inc. [ANET]
· Booking Holdings Inc. [BKNG]
· Suncor Energy Inc. [SU]
Economic Reports:
· JOLTS job openings (September): 10:00 am
· Factory orders (September): 10:00 am
Market Pulse
U.S. midterm elections could reshape AI regulation and federal spending, with investors watching congressional control for potential impacts on technology stocks, Treasury yields, and corporate oversight.
Oil prices rebounded after U.S. strikes on Iran's Qeshm Island, with renewed fears of supply disruptions pushing Brent crude higher as prospects for a peace agreement weakened.
AI & Infrastructure
Drax partnered with Brookfield on a potential £20 billion AI data-center development, transforming its British power station into a major computing hub, with initial operations targeted for 2028.
Oracle plans to raise $20 billion through debt and equity financing, as massive AI infrastructure investments increase funding requirements and intensify investor concerns about borrowing costs.
Corporate Deals
Marvell agreed to acquire optical networking specialist Lumentum for $115 billion, challenging Broadcom's AI infrastructure dominance despite investor concerns about the acquisition's enormous price tag.
Blackstone and Canadian pension funds committed $3.1 billion to LNG Canada, acquiring an interest in Mitsubishi's investment while helping finance a major expansion of the natural gas export facility.
Data Center Surge (Sponsored)
One chatbot question, and a server warehouse somewhere in America draws on the grid. Scale that across hundreds of millions of people daily.
Name the stock by text.
Data centers used 4.4% of U.S. electricity in 2023, per Lawrence Berkeley National Laboratory. Its 2028 projection: up to 12%.
Send the ticker and story.
Close to a tripling in five years, on a grid that was not built for it. One company sits right where that power comes from.
Which energy company is it?
*This ad is sent on behalf of Guardian Financial Publishing LLC, doing business as Stable Financial Publishing, 1013 Centre Road Suite 403-D, Wilmington, DE 19805. Nothing here is investment, financial, legal, or tax advice, and it is not a recommendation or solicitation to buy or sell any security. Investing involves substantial risk, including loss of principal; past performance does not guarantee future results. Data-center electricity figures are third-party estimates and projections, and AI IPO timing reflects investor expectations, not company guidance. References to OpenAI, Anthropic and Lawrence Berkeley National Laboratory are for informational purposes only; Stable Financial Publishing is not affiliated with, endorsed by, or sponsored by OpenAI, Anthropic or Lawrence Berkeley National Laboratory. Stable Financial Publishing, its owners, employees and contributors may hold positions in securities mentioned and may trade them at any time. Privacy: https://guardian.pub/privacy-policy/ · Terms: https://guardian.pub/terms-of-service/
Healthcare & Legal
Philips reached a preliminary agreement with U.S. authorities over its massive sleep-device recall, setting aside €288 million to address investigations that have weighed on the medical equipment manufacturer for years.
Bayer expects its proposed $7.25 billion Roundup lawsuit settlement to advance before Christmas, as the company seeks to resolve tens of thousands of claims tied to its controversial weedkiller.
Technology & Trade
Snap settled lawsuits brought by two teenagers alleging its platform encouraged addictive behavior, with the agreement potentially influencing thousands of similar cases against major social media companies.
The U.S. announced plans to suspend South Africa and Rwanda from duty-free trade benefits, threatening exports of vehicles, agricultural products, and other goods beginning January 2027.
Wild first 30 minutes then dead calm, or boring all day long?
Movers and Shakers
Advanced Energy (AEIS) +11%
The AI boom needs more than chips. Advanced Energy shares jumped after its data center business hit records, with segment revenue climbing 49% and semiconductor sales jumping 64%. Management also expects its new Thailand factory to support another wave of growth in 2027, giving investors reason to look beyond one strong quarter.
Fabrinet (FN) +11%
Fabrinet is racing to keep up with AI networking demand. Shares surged after data center revenue jumped 78% to $777 million, while management outlined plans to expand annual manufacturing capacity toward $16 billion. That's a massive bet on sustained demand for the optical connections powering increasingly complex AI data centers.
Palantir Technologies (PLTR) -7%
Palantir's problem isn't growth. It's expectations. Shares tumbled despite revenue nearly doubling as new contract momentum slowed sharply. U.S. commercial contract value grew just 11%, down from 153% last quarter. With investors paying a hefty premium for future growth, even spectacular results aren't enough when forward-looking indicators start flashing yellow.
Rocket Metal Bottleneck (Sponsored)
Around $5 a share, one small company. Wall Street, for the most part, is still missing the link.
Name the company for me.
Humanoid robots, electric cars by the millions, thousands of satellites, reusable boosters — all depend on a handful of metals America is short of.
Send me the free report.
Elon Musk can build the rockets. The metal he cannot dig up, and it funnels through one narrow point.
Text the ticker to me.
*This ad is sent on behalf of Guardian Financial Publishing LLC, doing business as Stable Financial Publishing, 1013 Centre Road Suite 403-D, Wilmington, DE 19805. Nothing here is investment, financial, legal, or tax advice, and it is not a recommendation or solicitation to buy or sell any security. Investing involves substantial risk, including loss of principal; small-cap and low-priced stocks carry particular risk, including the possible loss of your entire investment. Past performance does not guarantee future results. Stable Financial Publishing, its owners, employees and contributors may hold positions in securities mentioned and may trade them at any time. References to Elon Musk and SpaceX are for informational purposes only; Stable Financial Publishing is not affiliated with, endorsed by, or sponsored by Elon Musk or SpaceX. Privacy: https://guardian.pub/privacy-policy/ · Terms: https://guardian.pub/terms-of-service/
Everything Else
🔭 Look past the next headline and seven stocks are already showing the foundation that long-term leaders are built on.
🛢️ CVR Energy neared a $4 billion refinery deal to acquire assets from Marathon Petroleum, potentially expanding Carl Icahn's refining business.
💊 Lonza agreed to acquire five U.S. manufacturing sites from Merck KGaA, more than doubling its American footprint and expanding its cell and gene therapy capabilities.
🏭 DuPont raised its annual profit forecast as stronger healthcare, aerospace, and water-treatment demand supported earnings and additional share buybacks.
🏥 Philips reached a preliminary U.S. regulatory settlement over its Respironics recall, setting aside €288 million to resolve Justice Department investigations.
✈️ Lufthansa trimmed its annual profit outlook as higher fuel costs pushed its projected annual bill to €9.3 billion despite resilient travel demand.
That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
Best Regards,
— Adam Garcia
Elite Trade Club
Click here to get our daily newsletter straight to your cell for free.
P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP.
