The Next Big Lithium Stock

Good morning. It's November 5th, and today we’ll look at Palantir’s big surge after raising its annual forecast for the third time this year, a thaw in Boeing workers’ strike, and DuPont’s positive Q3 results.

Previous Close 📈

Stocks closed lower on Monday as investors turned cautious ahead of the U.S. presidential election. Investors remain focused on the tight race, which has potential implications for economic policy depending on congressional outcomes.

Futures

Stock futures are up slightly this morning. Dow futures are up 55 points (0.1%), while S&P 500 futures have gained 0.2% and Nasdaq-100 futures are up 0.3%. Beyond the election, investors are focused on the Federal Reserve’s anticipated quarter-point rate cut on Thursday, with Fed Chair Jerome Powell’s comments expected to provide further insight into future policy direction.

Battery Metals

The Next Big Lithium Stock?

With lithium demand soaring, one under-the-radar explorer has captured the attention of industry insiders.

Positioned in Brazil’s emerging "Lithium Valley," this company holds the largest continuous land package in the region—a strategic spot near some of the biggest names in lithium production.

With an established neighbor valued at $2 billion and government data accelerating exploration, this opportunity could be primed for substantial growth.

Brazil’s lithium sector is booming, and this explorer may be on the verge of a significant breakthrough.

Click here to learn how this rising company could capitalize on lithium’s next big wave!

What to Watch

Apollo Global Management (NYSE: APO), Emerson Electric Company (NYSE: EMR), Cummins (NYSE: CMI), Gartner (NYSE: IT), and Yum! Brands (NYSE: YUM) will announce their quarterly earnings before the opening bell today.

The U.S. Trade Deficit for September will be released at 8:30 a.m. ET, followed by the ISM Services Index for October at 10:00 a.m. ET, providing insights into trade performance and service sector activity.

After market closure, Coupang (NYSE: CPNG) and Microchip Technology (NASDAQ: MCHP) will also announce their results.

Electronics

DuPont’s Q3 Earnings Beat Estimates, Boosts 2024 Profit Outlook

DuPont de Nemours raised its full-year profit forecast for 2024, citing robust demand in electronics and AI-based technology that helped it surpass third-quarter earnings expectations.

Driven by an uptick in AI adoption and increased orders from the U.S. and China, the company boosted its adjusted earnings target to around $3.90 per share, higher than both its previous estimate of $3.70 to $3.80 and analysts’ expectations of $3.77.

DuPont’s largest division, electronics and industrial, reported a 13.4% increase in Q3 net sales, while total sales in the Asia-Pacific region rose 8% year-over-year and U.S. sales gained 2%. The company has benefited from easing interest rates and lower material costs, bolstering its performance amid strong market demand.

Despite these gains, DuPont forecasted full-year net sales at approximately $12.37 billion, slightly below its earlier range of $12.40 to $12.50 billion and lower than analysts' expectation of $12.44 billion. The company anticipates typical seasonal declines in electronics and construction sales for the fourth quarter.

For Q3, DuPont’s adjusted profit of $1.18 per share is better than analysts’ prediction of $1.03.

Technology

Palantir Stock Surges 13% After AI Demand and Government Deals Boost Revenue

Shares of Palantir Technologies are up 13% in premarket trading as the company upgraded its annual revenue forecast for the third time this year, reflecting surging demand in both government and commercial sectors.

Palantir now expects 2024 revenue between $2.805 billion and $2.809 billion, driven largely by its expanding AI platform adoption and increased government spending.

In the third quarter, U.S. government revenue grew 40%, making up over 44% of Palantir’s $725.5 million in total sales, which surpassed analysts' expectations.

Palantir’s AI platform, widely used for testing and debugging, has gained popularity among commercial clients, signaling a potential shift as commercial sales are expected to overtake government contracts in the near future due to faster private-sector decision-making.

Palantir also raised its forecast for adjusted operating income to a range of $1.05 billion to $1.06 billion, further reinforcing the company’s growth trajectory. Fourth-quarter revenue guidance exceeded projections, showcasing Palantir’s momentum in the AI sector.

Aerospace

Boeing Reaches Agreement with Machinists, Clears Path for Production Restart

Unionized machinists at Boeing have voted to accept a new contract, concluding a more than seven-week strike and allowing the company to resume production of its top-selling airliners.

On Monday, 59% of the machinists in Seattle’s International Association of Machinists and Aerospace Workers district voted in favor of Boeing’s fourth contract offer, which includes a 38% pay increase over four years along with ratification and productivity bonuses.

Shares of the firm are up 1.9% in premarket trade.

The strike, which halted Boeing’s Pacific Northwest assembly lines for 53 days, impacted production timelines and cash flow for the aerospace giant. Though the machinists achieved significant wage increases, Boeing did not concede to the union's demand to reinstate a pension plan that was frozen nearly a decade ago.

The new contract terms include an average annual salary increase for machinists, rising from $75,608 to $119,309 by the end of the contract.

Boeing’s CEO, Kelly Ortberg, who joined the company in August, expressed relief over the resolution, emphasizing the need for unity and cooperation moving forward.

President Joe Biden also praised the agreement, noting it supports fair labor practices and strengthens Boeing's future in the American aerospace industry. Boeing plans to begin a phased return to production over the next few weeks.

Uranium

Heavy Demand, Big Shortages - How To Play This Investing Sweet Spot

As global energy demand surges, uranium has emerged as a key resource in the race to secure a stable electric grid.

With AI, big data, and rapid industrialization fueling unprecedented power needs, the pressure on traditional energy sources is mounting. In response, 60 nuclear power plants are under construction worldwide, with another 110 in planning—all requiring massive uranium supplies.

This surge in nuclear development is setting the stage for a severe uranium supply crunch. The limited availability of high-grade uranium presents an opportunity for those who can meet this demand, creating a unique investing sweet spot.

One emerging company is already positioned with rich uranium deposits, potentially providing a crucial supply to stabilize this growing energy demand.

As the uranium market heats up, this company could be instrumental in easing the crisis.

Discover the company behind this uranium solution and see the full story here.

QuinStreet [QNST] - Last Close: $20.20

QuinStreet’s stock is surging 32.6% in premarket trading.

The firm posted strong first-quarter results for fiscal 2025 on Monday, showing a significant 125% year-over-year revenue growth to $279 million.

This record-breaking performance is driven by soaring demand in auto insurance, with revenue from this segment up 664%, alongside robust growth in home services, up 32%.

The company’s adjusted EBITDA reached over $20 million, reflecting expanded client and product footprints and increased auto insurance carrier budgets.

QuinStreet also raised its full-year revenue and EBITDA outlook, projecting revenue between $975 million and $1.025 billion.

Astera Labs [ALAB] - Last Close: $69.65

Astera Labs is surging 25% before the opening bell today.

The AI-focused chipmaker reported exceptional third-quarter earnings yesterday, with revenue jumping 206% year-over-year to $113.1 million, surpassing Wall Street’s expectations of $97.5 million.

Although it posted a net loss of $7.59 million, the company’s earnings, adjusted for certain costs, reached 23 cents per share, beating the forecasted 17 cents.

The firm also gave strong guidance for the fourth quarter, with expected earnings of 25-26 cents per share and projected revenue of $126-130 million.

Vimeo [VMEO] - Last Close: $4.81

Vimeo shares are up 14% in premarket trading after reporting solid Q3 2024 earnings, with revenue reaching $105 million and net income rising to $9 million, a $1 million increase year-over-year.

The company’s Enterprise segment demonstrated impressive growth, with a 42% increase in revenue.

Cash flow from operations also grew by 25%, contributing to Vimeo’s strong cash position of $325 million.

Vimeo’s focus on high-growth enterprise solutions and new AI features positions the company to meet the rising demand for secure, ad-free video platforms.

Clean Energy

Could This Lithium Discovery Be a Game-Changer?

Lithium exploration is heating up in Brazil, and one small-cap company is sitting on the largest contiguous land package in the heart of the action.

Strategically positioned near some of the industry's giants, this explorer is ready to make waves as it unlocks the potential of its prime lithium assets.

With recent regulatory boosts and soaring demand for battery metals, Brazil's "Lithium Valley" is on the map.

Could this under-the-radar player become the next big success story?

Click here to see why now may be the perfect time to watch this lithium contender!

Everything Else

• Universal Music Group sues Believe over alleged copyright violations involving fake artist names.

• Nintendo lowered its Switch sales forecast as profits dropped 69% amid waning demand.

• The Vodafone-Three merger could move forward if competition concerns are addressed, says a U.K. regulator.

• EQT offered $1.4 billion to take OEM International private, targeting growth with strategic acquisitions.

• Saudi Aramco's profit fell 14.5% as oil cuts continue, but dividend commitment held strong.

• Dollar Tree's CEO resigned amid struggles and a strategic review for Family Dollar.

• Tesla grants a 4% pay hike to staff at Berlin gigafactory, bypassing union involvement.

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

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