Good Afternoon! 

Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today.

80% of US drones and drone parts came from China. That door closed. One company has manufacturing, military trials, and a service network ready. Revenue up 558%. Market cap: $199M. Peers at $1B+.

See why timing matters

*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.

Friday served up a three-course meal of worry, and nobody at the table seemed hungry for more. Policymakers sent a message, a headline-grabbing theft rattled one corner of the market, and a familiar spending story got a second, much harder look. 

Read on, because the explanation behind that mood beats the mood itself, and it comes with a few twists.

Binance confirmed a complex $6.3 billion hack, the largest crypto theft on record, suspending withdrawals, with investigators pointing to North Korea–linked hackers and roughly $3 billion in affected assets frozen so far.

Coinbase shares sank to a two-year low, falling about 12% as the Binance fallout rattled the sector and analysts cut price targets after its revenue narrowly missed, with third-quarter revenue down 35% year over year despite an earnings beat driven largely by crypto investment gains.

Global Payments is the subject of a possible $40 billion buyout, with CD&R and major shareholder GTCR reportedly pursuing a joint bid, although discussions are ongoing and no agreement has been reached with the payment processor.

AIG agreed to acquire Everest's insurance business in Chile and complete its purchase of Everest Colombia, adding commercial insurance operations in both countries, with the Chile transaction expected to close in the first half of 2027 after regulatory approval.

Vistra completed its acquisition of Cogentrix Energy, adding 10 natural gas plants with approximately 5,500 megawatts of capacity across 7 states and bringing its total U.S. generating capacity to nearly 50,000 megawatts after the required regulatory approvals.

Cintas and UniFirst face a reported FTC challenge to their $5.5 billion merger, with regulators signaling they may sue to block the deal between the uniform suppliers, although the agency has not formally voted or filed a lawsuit.

Wall Street is bracing for the biggest wave of AI IPOs yet, with OpenAI and Anthropic among the names investors are watching.

Get me the power stock.

Money like that does not stay in software. Whatever AI needs in order to run gets a share, and electricity heads that list.

Send me the ticker by text.

One American energy company is already serving that demand. The window closes when the spotlight lands.

Show me the name now.

*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/

Vail Resorts secured support from its largest shareholder in a boardroom fight, with Baron Capital backing management's director nominees ahead of a vote against activist Oasis Management, which has proposed changes including the possible sale of mountain assets.

Meta settled with a teenager who accused its platforms of causing mental health problems, ending its role in the social media trial after jury selection began, and the case involving claims against Snapchat parent Snap is expected to proceed.

NRx Pharmaceuticals won FDA approval for a preservative-free ketamine injection, with the regulator clearing the drug ahead of its November 10 goal date, addressing a shortage dating to 2018 as the company manufactures the sterile formulation domestically.

Sun Pharma secured FDA approval for Ilumya in active psoriatic arthritis, with the regulator adding a second disease to the drug’s label, expanding the interleukin-23 inhibitor beyond the plaque psoriasis indication it first received in 2018.

Grid Dynamics [GDYN] $13.36 (+40.78%)

Grid Dynamics turned in a record $114.3 million quarter, but the plot twist was profitability: EBITDA margin jumped to 20% from 12.2% while headcount shrank, the corporate version of doing more with less and actually meaning it.

AI work now makes up 31% of sales, and a fourth quarter outlook that topped estimates gave shareholders a margin story worth repeating.

FMC Corporation [FMC] $6.20 (+30.53%)

FMC reported a jaw-dropping $2.07 billion quarterly loss and the stock still rocketed because a big slice traced to a $639 million charge for a deliberate reset of pricing and distribution. Investors read it as the worst being behind it.

Management floated 2027 adjusted EBITDA of $650 million to $730 million, turning an ugly print into a relief rally.

Asure Software [ASUR] $9.41 (+30.15%)

Asure Software delivered the kind of quarter that makes payroll people smile: revenue up 10% to $40.0 million, recurring revenue up 16%, and a net loss that shrank to $0.6 million from $5.4 million a year ago.

Adjusted EBITDA margin climbed to 26.1%, and 2027 revenue guidance of $183 million to $187 million gave the rally its script.

Alphatec Holdings [ATEC] $7.04 (-38.08%)

Alphatec had a quarter that went sideways on the operating table. Revenue of $221 million grew 13% but missed the company’s own plan, and the outlook slid to about $862 million from $882 million.

Fewer bone grafts sold with implants and softer back surgery volumes did the damage, with revenue per case sinking about 5% despite about 20% more cases.

Reddit [RDDT] $91.73 (-29.22%)

Reddit beat on earnings and still got buried, because the headline was traffic: search visits were down meaningfully, with Google’s AI-powered search siphoning off clicks.

Add a soft outlook and nagging user growth worries, and investors quickly decided even the front page of the internet deserves a markdown. The thread was great; the comment section, brutal.

Intel [INTC] $65.76 (-28.58%)

Intel’s third-quarter beat, with data center revenue up almost 80% to $7.3 billion, but a fourth-quarter forecast of $15 billion to $16 billion landed below the roughly $17 billion expected.

Blame AI data centers hoovering up memory chips, which makes PCs pricier and demand softer, plus a factory accident in Israel. Cue the largest one-day loss on record.

On Behalf of Integrated Quantum Technologies

A quantum resilient AI company with a product live on Snowflake trades at less than one tenth of its publicly traded peers.

Run the numbers

*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.

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

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