Markets are shifting after the Democrats' midterm victory, with AI infrastructure stocks under pressure and renewable energy shares rallying. Meanwhile, CVS is breaking up its healthcare empire, China has blocked SoftBank's massive robotics acquisition, and Qualcomm is helping SpaceX build a nationwide wireless network. Elsewhere, AstraZeneca is pursuing a $10 billion obesity drug deal.
One Unified Solution (Sponsored)
One Nasdaq-listed company closed the acquisition that completed its model in February, quadrupled its workforce to over 400, and announced that Signals, its orchestration software and operational digital twin, is now alive and running around the clock at Knightscope Headquarters.
Preliminary Q3 revenue reached $8.7 million, up 177% year over year.
Market cap: roughly $11 million.
Unlock the full story now
*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 at a Glance📈
U.S. stock futures are mixed Thursday, with Dow futures edging higher while the S&P 500 and Nasdaq point lower. Wednesday’s post-election rally is losing momentum as investors weigh fresh concerns over AI spending and tighter regulation following the Democrats’ midterm sweep.
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What to Watch
Earnings (Premarket):
· ConocoPhillips [COP]
· Sony Group Corporation [SONY]
· Parker-Hannifin Corporation [PH]
· Canadian Natural Resources Limited [CNQ]
· Southern Company [SO]
· Duke Energy Corporation [DUK]
Earnings (Aftermarket):
· Monster Beverage Corporation [MNST]
· Airbnb, Inc. [ABNB]
· Cloudflare, Inc. [NET]
· EOG Resources, Inc. [EOG]
Economic Events:
· 8:30 AM ET: Preliminary Q3 Productivity and Costs
· 8:30 AM ET: Weekly Jobless Claims
· 8:50 AM ET: Cleveland Fed President Beth Hammack Speaks
Market Pulse
Oil prices plunged nearly 9% as investors bet on easing tensions with Iran, with Democrats' midterm victory fueling hopes of renewed diplomacy and lower energy costs.
AI infrastructure stocks slumped while renewable energy shares rallied, as Democratic gains raised expectations of tougher data-center oversight and stronger political support for clean energy.
Technology & Telecom
Qualcomm signed a major agreement to supply SpaceX's new Starlink Mobile network, with equipment deployment beginning in 2027 as SpaceX prepares to challenge America's largest wireless carriers.
HP appointed former GSK chief Emma Walmsley as its next CEO, betting on her restructuring experience to navigate rising memory costs and revive its struggling PC business.
Healthcare & Biotech
CVS Health announced plans to split into two publicly traded companies, separating pharmacies from its insurance operations by 2028 as regulatory pressure mounts over its integrated business model.
AstraZeneca reportedly offered approximately $10 billion to acquire Rhythm Pharmaceuticals, targeting its rare-disease obesity treatments in a potential deal that would expand the drugmaker's weight-loss portfolio.
Washington Scared Him (Sponsored)
Musk has pulled two companies back from the edge of collapse.
Now he's warning the next crisis isn't corporate; it's national.
With the debt at $40 trillion and market turbulence already building, one little-known IRS loophole is letting everyday Americans protect their retirement the same way billionaire fund managers are protecting theirs.
Download the free guide here.
Deals & Regulation
China blocked SoftBank's planned $5.4 billion acquisition of ABB's robotics division, with regulators reportedly concerned about AI data being transferred overseas, complicating SoftBank's robotics expansion strategy.
Commerzbank signaled greater openness to UniCredit's €45 billion takeover proposal, with management acknowledging potential merger benefits after months of resistance, although pricing and integration concerns remain unresolved.
Energy & Infrastructure
BP sold a 5% stake in Norwegian oil producer Aker BP for $1.06 billion, accelerating its debt reduction strategy as the British energy giant streamlines its portfolio.
Legrand sees opportunity in growing opposition to energy-hungry AI data centers, with demand for energy-efficient infrastructure increasing as communities push for lower electricity consumption and environmental impact.
'Blue chip stock' traces back to the highest-value chip in which game?
Movers and Shakers
Sezzle (SEZL) +25%
Sezzle is becoming more than a buy-now-pay-later platform. Shares soared after the company reported 68% growth in subscribers to 955,000, with new payment products attracting customers. Revenue jumped 43%, while management raised its 2026 profit outlook and projected another 31% increase in adjusted earnings per share for 2027.
AppLovin (APP) +16%
After a brutal year, AppLovin finally gave investors something to celebrate. Shares surged as its AI advertising business regained momentum, driving 55% revenue growth to $2.18 billion. Free cash flow reached $1.4 billion, while management authorized another $3.2 billion in share buybacks, reinforcing confidence in the company's profitability.
Veracyte (VCYT) -25%
Veracyte's prostate cancer testing business just hit a speed bump. Shares plunged after the company reported weaker Decipher testing demand, despite overall revenue growing 15%. Management trimmed its annual testing revenue forecast to $571 million-$573 million, while a new $100 million share buyback failed to ease concerns about slowing growth in its largest business.
Gold Pullbacks Matter (Sponsored)
On Behalf of Cambria Gold Mines
Gold is about 25% off its January record. The last two big pullbacks ended in new records, and one developer is restarting a mill someone else spent half a billion dollars to build.
See the company to watch now
*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.
Everything Else
🔮 Most investors will spot these 7 stocks in 2028 and wish they had looked in 2026. Our analysts think they could be the next market giants.
🎮 Sony raised its annual profit forecast 9% after quarterly earnings surged 45%, supported by stronger PlayStation, movie, and music performance.
🏦 Commerzbank softened its stance on a UniCredit takeover, acknowledging potential benefits from a combination despite ongoing disagreements over valuation and governance.
🛡️ Rheinmetall cut its annual sales forecast again to €13.2 billion after delays to major German military vehicle contracts pushed expected revenue into 2027.
⚡ Legrand raised its annual sales outlook as AI data-center demand accelerated, with energy-efficient infrastructure becoming an increasingly important growth driver.
🏢 NextDC attracted major strategic investors after Goodman Group and Digital Realty acquired a 9.9% stake, fueling speculation about a potential takeover.
That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
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— Adam Garcia
Elite Trade Club
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