A Democratic sweep of Congress is shaking up market expectations, raising fresh questions about AI regulation and federal spending. Meanwhile, Oracle has reportedly scrapped a $7 billion chip deal with Tencent, AMD is accelerating its challenge to Nvidia, and Binance is revealing how hackers pulled off a staggering $6.3 billion theft. Elsewhere, Novo Nordisk's weight-loss pill is gaining momentum.
Inside Look Shook (Sponsored)
As former head of DOGE, Musk got an inside look at the true state of government finances… and what he found shook him.
He's gone public with his most urgent warning yet. A little-known IRS loophole may be the only thing standing between your retirement savings and what's coming.
Request Your 2026 Wealth Protection Guide Here
Futures at a Glance📈
Futures are recovering from overnight losses as Wall Street digests a Democratic sweep of Congress. Tech remains in focus as investors weigh potential AI regulation against AMD's strong earnings, while Arm and Qualcomm results are on deck after the bell.
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):
· McDonald's Corporation [MCD]
· Novo Nordisk A/S [NVO]
· Uber Technologies, Inc. [UBER]
· CVS Health Corporation [CVS]
· Emerson Electric Company [EMR]
Earnings (Aftermarket):
· Arm Holdings plc [ARM]
· QUALCOMM Incorporated [QCOM]
· McKesson Corporation [MCK]
· MercadoLibre, Inc. [MELI]
Earnings (Time Not Supplied):
· Toyota Motor Corporation [TM]
Market Pulse
Democrats won control of both chambers of Congress in a sweeping midterm victory, with investors bracing for tougher AI regulation and political gridlock as technology shares and the dollar came under pressure.
Oil prices rebounded as uncertainty over the Iran conflict persisted, with Washington's next moves in focus as diplomatic efforts continue and supply disruptions remain a concern.
AI & Technology
Oracle reportedly scrapped a $7 billion AI-chip leasing agreement with Tencent after pressure from the Trump administration, potentially blocking the Chinese tech giant's access to 100,000 advanced processors.
AMD's new Helios AI systems are being tested by Meta, as the chipmaker accelerates its Nvidia challenge and forecasts more than 80% revenue growth in 2027.
Healthcare & Biotech
Novo Nordisk's Wegovy pill is gaining ground in the obesity drug market, with sales climbing 53% quarter over quarter as the company raises its outlook and challenges rival Eli Lilly.
uniQure's Huntington's disease gene therapy secured priority FDA review, with a regulatory decision expected in May following months of uncertainty over the experimental treatment's clinical evidence.
December Eight Matters (Sponsored)
One analyst believes Elon Musk is preparing to launch the biggest project of his career — and says the key date is December 8.
He claims the clues are already buried in government filings, along with one investment move he believes should be made before December 9.
His full case is laid out in a free masterclass.
See What Elon Filed Before December 8
Cybersecurity & Telecom
Binance revealed hackers exploited fake job interviews and internal AI tools in a record $6.3 billion cryptocurrency theft, prompting tighter security measures and customer reimbursements.
India's Jio is exploring technology-for-equity partnerships with Comcast and Charter, potentially bringing lower-cost wireless broadband technology to the U.S. as traditional cable providers battle subscriber losses.
Corporate Deals & Expansion
JD.com secured conditional EU approval for its $2.5 billion acquisition of Ceconomy, with regulatory concessions clearing the way for expansion into Europe's electronics retail market through MediaMarkt and Saturn.
Goodman Group and Digital Realty offered approximately $500 million for a stake in NextDC, targeting the struggling data-center operator after electricity infrastructure delays disrupted major Australian projects.
Movers and Shakers
First Solar (FSLR) +8%
Election night delivered a surprise winner: solar stocks. First Solar shares surged after Democrats won control of both chambers of Congress, raising hopes for a friendlier clean-energy policy environment. Investors are betting the political shift could protect solar incentives and slow efforts to roll back renewable energy support.
Super Micro Computer (SMCI) +8%
Super Micro's AI server business is growing at breakneck speed. Shares jumped after the company reported nearly quadrupling quarterly revenue to $19.9 billion. More importantly, adjusted gross margins improved to 12.8% from 9.5% a year earlier, easing concerns that aggressive expansion was coming at the expense of profitability.
Skyworks Solutions (SWKS) -19%
Skyworks' blockbuster merger with Qorvo is already facing its first major test. Shares plunged after management issued disappointing post-merger financial guidance, forecasting quarterly earnings of $1.25 per share against expectations of $1.50. The newly combined semiconductor giant faces integration costs and softer near-term revenue, overshadowing its ambitious $500 million cost-savings target.
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
🦊 Street Fox delivers a free five-minute morning brief covering major indexes, top market news, stock ideas, and expert insights for investors who want to stay ahead without the noise.
💻 AMD forecast 80% revenue growth in 2027 as surging AI chip demand helped data-center sales nearly double to $8.5 billion.
🏦 Fiserv announced $500 million in share buybacks and doubled its cost-savings target to $1 billion as its restructuring efforts accelerated.
💊 Pfizer raised its annual revenue forecast to $62 billion–$64 billion, supported by stronger demand for blood thinner Eliquis and cancer treatments.
🔐 Dynatrace expanded its AI monitoring capabilities through its acquisition of Arize, although integration costs are expected to pressure operating margins.
💾 Arista Networks reported its fastest growth since going public, with quarterly revenue surging 58.5% to $3.66 billion on strong AI networking 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.
