After Hours Report

Updated: 13-Nov-25 17:07 ET
Applied Materials heads modestly lower on Q4 beat and in-line Q1 guidance

The stock market faced a broad-based retreat, which sent the S&P 500 (-1.7%), Nasdaq Composite (-2.3%), and DJIA (-1.7%) firmly lower as investors grappled with diminished expectations for further Fed easing this year. 

President Trump signed a bill to fund the government through January 30, ending the longest government shutdown in U.S. history. While some viewed the move and pending data releases as potential fuel for another rate cut, uncertainty over the timing of those reports clouds the outlook for doves ahead of the December FOMC meeting. White House Press Secretary Karoline Leavitt said some reports, such as the October employment and October CPI reports, will likely never see the light of day.

The end to the government shutdown this week was largely priced in, but the market was seemingly caught off guard by recent Fed commentary, which has leaned more hawkish. 

Boston Fed President Susan Collins (voting FOMC member) said yesterday evening that "it will likely be appropriate to keep policy rates at the current level for some time," while St. Louis Fed President Alberto Musalem (voting FOMC member) said that the Fed "needs to lean against above-target inflation," according to Bloomberg. Cleveland Fed President Beth Hammack, who is not a voting FOMC member but will be in 2026, echoed a similar sentiment, saying policy should "remain somewhat restrictive to continue putting pressure to bring inflation down," according to Reuters. 

Commentary from Fed officials combined to see a further dampening in the market's expectations for a December rate cut. The CME FedWatch tool now assigns a 51.6% probability to a 25-basis-point rate cut at the December FOMC meeting, down from 62.9% yesterday and 95.5% a month ago. 

Equities retreated in response, with growth-oriented stocks incurring particularly heavy losses. 

The consumer discretionary (-2.7%) and information technology (-2.4%) sectors finished with the heaviest losses as weakness in the market's largest names pushed the Vanguard Mega Cap Growth ETF (-2.1%) to its flat line for the week. 

Tesla (TSLA 401.88, -28.72, -6.67%) was a laggard among the underperforming group, falling below its 50-day moving average (428.61). 

NVIDIA (NVDA 186.97, -6.83, -3.52%) and other chipmakers also posted weak performances, sending the PHLX Semiconductor Index (-3.7%) into negative territory for the week.

Cisco (CSCO 77.38, +3.42, +4.62%) was a rare bright spot in the technology sector after topping earnings estimates and issuing upbeat guidance for Q2 (Jan) and FY26. 

The same cannot be said for Walt Disney (DIS 107.57, -9.08, -7.78%), which was one of the worst-performing S&P 500 names after a mixed earnings report that saw the company beat EPS expectations but miss on revenues, which were down 0.5% year-over-year to $22.46 billion, marking the company's first annual revenue decline since 1Q24.

Disney's loss weighed on the communication services sector (-1.7%) and contributed to the DJIA finishing with a similar loss to that of the other major averages. 

Despite a recent trend of mega-cap weakness, the DJIA has been able to escape the past several sessions with solid gains as investors rotated into more value-oriented holdings. 

While mega-caps certainly underperformed again, today's action reflected less of a rotation and more of a broader-market sell-off. 

Eight S&P 500 sectors finished lower, and seven of those finished with losses of 1.0% or wider. Breadth figures were abysmal, with decliners outpacing advancers by a roughly 4-to-1 ratio on both the NYSE and the Nasdaq. 

While the S&P 500 Equal Weighted Index (-1.2%) still outperformed the market-weighted S&P 500 (-1.7%), it too incurred a notable loss. 

Only the energy sector (+0.3%) closed with a gain as crude oil futures settled today's session $0.24 higher (+0.4%) at $58.74 per barrel, a modest rebound from yesterday's 4.1% slide. 

The health care sector finished flat after holding a gain wider than 1.0% earlier in the session, while the consumer staples sector also managed a flat finish. 

Outside of the S&P 500, the Russell 2000 (-2.8%) and S&P Mid Cap 400 (-1.9%) incurred significant losses as the market displayed a firm risk-off posturing. 

Ultimately, today's action reflected a clear shift in sentiment as investors reassessed the policy outlook and revisited concerns of stretched valuations, leaving stocks particularly vulnerable to disappointing catalysts. The broad-based retreat, along with a sharp spike in volatility (the VIX Volatility Index surged 18.0% to 20.66), underscored growing unease about the Fed's policy path and the market's ability to sustain recent gains.

U.S. Treasuries retreated on Thursday, lifting yields on 10s and 30s back above their 50-day moving averages, though intraday action was largely uneventful. The 2-year note yield settled up two basis points to 3.59%, the 10-year note yield settled up five basis points to 4.11%, and the 30-year note yield settled up four basis points to 4.70%. 

  • Nasdaq Composite: +18.4% YTD
  • S&P 500: +14.6% YTD
  • DJIA: +11.6% YTD
  • Russell 2000: +6.7% YTD
  • S&P Mid Cap 400: +2.9% YTD

Overseas:

  • Europe: DAX -1.4%, FTSE -1.1%, CAC -0.1%
  • Asia: Nikkei +0.4%, Hang Seng +0.6%, Shanghai +0.7%

Commodities:

  • Crude Oil +0.24 @ 58.74
  • Nat Gas +0.08 @ 4.83
  • Gold -18.00 @ 4195.00
  • Silver -0.29 @ 53.16
  • Copper -0.01 @ 5.10

After-Hours Spotlight:

  • Applied Materials (AMAT) beats by $0.06, beats on revs; guides Q1 EPS in-line, revs in-line...AMAT -2.8%
  • Beazer Homes (BZH) beats by $0.22, beats on revs...BZH +5.8%
  • Figure Technology Solutions (FIGR) beats by $0.18, beats on revs...FIGR +6.9%
  • Globant (GLOB) misses by $0.01, reports revs in-line; guides Q4 EPS in-line, revs in-line...GLOB -6.2%
  • Newsmax (NMAX) beats by $0.04, beats on revs; reaffirms FY25 revs guidance...NMAX +2.4%
  • Paramount (PSKY), Comcast (CMCSA) and Netflix (NFLX) gear up bids for Warner Bros. Discovery (WBD) as Nov. 20 deadline looms in high-stakes media auction, according to WSJ
  • StubHub Holdings (STUB) reports Q3 (Sep) results, beats on revs, Gross Merchandise Sales up 11% yr/yr...STUB -6.8%
  • WhiteFiber (WYFI) reports Q3 (Sep) results, misses on revs...WYFI -12.4%

Fair Value for Friday, November 14:

  • S&P 500: 6,760
  • Nasdaq 100: 25,091
  • DJIA: 47,547
Today's News Summary:

For a full rundown of today's market and after hours developments, see Live In Play

  • Earnings/Guidance (Full Earnings Calendar):
    • Bread Financial (BFH) provides performance update
    • Canadian Solar (CSIQ) beats by $0.46, beats on revs; guides Q4 revs below consensus
    • Cellebrite DI (CLBT) misses by $0.01, beats on revs; guides Q4 revs in-line; guides FY25 revs above consensus
    • Cisco (CSCO) beats by $0.02, reports revs in-line; guides JanQ EPS above consensus, revs above consensus; guides FY26 EPS above consensus, revs above consensus
    • Deutsche Telekom (DTEGY) reports Q3 results; updates outlook; raises dividend
    • Digi Intl (DGII) beats by $0.05, beats on revs; guides Q1 EPS above consensus, revs above consensus
    • Dillard's (DDS) beats by $2.13, beats on revs, Comparable store sales increased 3%
    • dLocal Limited (DLO) reports EPS in-line, beats on revs
    • Edgewell Personal Care (EPC) misses by $0.13, beats on revs; guides FY26 EPS below consensus
    • Firefly Aerospace (FLY) beats by $0.08, beats on revs; guides FY25 revs above consensus
    • Flutter Entertainment (FLUT) beats by $1.03, reports revs in-line; guides FY25 revs below consensus
    • Gambling.com Group Ltd. (GAMB) beats by $0.07, misses on revs; guides FY25 revs below consensus
    • Heartflow (HTFL) misses by $0.03, beats on revs; guides FY25 revs above consensus
    • Ibotta (IBTA) beats by $0.56, beats on revs; guides Q4 revs in-line
    • JD.com (JD) beats by RMB0.98, beats on revs
    • KinderCare Learning Companies (KLC) beats by $0.01, reports revs in-line; guides FY25 EPS below consensus, revs below consensus
    • Manulife Financial (MFC) beats by CAD$0.12
    • MarineMax (HZO) beats by $0.07, beats on revs; guides FY26 EPS below consensus
    • Merck KGaA (MRK) reports Q3 results; reaffirms FY25 guidance
    • Neptune Insurance Holdings (NP) reports Q3 EPS in-line, beats on revs; Issues in-line FY26 revenue guidance
    • NICE (NICE) beats by $0.01, reports revs in-line; guides FY25 revs above consensus
    • NIQ Global Intelligence plc (NIQ) misses by $0.03, beats on revs; guides Q4 revs above consensus; guides FY25 revs above consensus
    • Pan Am Silver (PAAS) misses by $0.01, reports revs in-line; increases dividend
    • Paysafe (PSFE) misses by $0.02, misses on revs; lowers FY25 EPS and revenue guidance, authorizes a $70 mln increase to existing share repurchase program
    • Sally Beauty (SBH) beats by $0.07, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY26 EPS in-line, revs in-line
    • Sapiens Int'l (SPNS) beats by $0.01, beats on revs
    • Seabridge Gold (SA) reports Q3 results
    • Siemens (SIEGY) reports FY25 results; provides FY26 outlook
    • Silvaco Group (SVCO) misses by $0.01, beats on revs; guides Q4 revs below consensus
    • Spectrum Brands (SPB) beats by $1.71, reports revs in-line
    • Stratasys (SSYS) beats by $0.02, reports revs in-line; reaffirms FY25 EPS guidance, revs guidance
    • Tetra Tech (TTEK) beats by $0.05, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY26 EPS in-line, revs in-line; increases dividend
    • Walt Disney (DIS) beats by $0.06, misses on revs; provides Q1, FY26, and FY27 guidance
    • WEBTOON Entertainment (WBTN) reports Q3 (Sep) results, misses on revs; guides Q4 revs below consensus
  • General News
    • House votes 222-209 to pass government funding bill; President Trump signs it; government shutdown ends; President Trump urged Senate to end filibuster “so this can never happen again”
    • The UK government is preparing for a major tax increase, according to WSJ
    • IEA issues November oil market report
    • Transportation Department freezes flight reduction plan at 6% in response to strong air traffic controller staffing metrics
    • European automakers are facing chip shortages, according to FT
    • The EU is aiming to impose fees on small packages, according to FT
    • Military officials presented President Trump with options for operations in Venezuela, including strikes on land, according to CBS News
    • European officials considering pooling dollars to reduce Fed reliance, according to Reuters
    • President Trump will attend the World Economic Forum in Davos next year, according to Bloomberg
    • Adagene (ADAG) announced a licensing agreement under which Third Arc Bio will utilize Adagene’s SAFEbody technology platform
    • Alibaba (BABA) planning upgrades to artificial intelligence application to compete with ChatGPT, according to Bloomberg
    • Alphabet (GOOG): EU Commission opens investigation into potential Digital Markets Act breach by Google in demoting media publishers' content in search results
    • Alphabet's (GOOG) Google outlines five-stage roadmap to real-world quantum computing applications, highlighting progress toward fault-tolerant systems and practical use cases
    • Amazon (AMZN): China orders Amazon and other online retailers to give them sales data, according to Bloomberg
    • Anfield Energy (AEC) completed its first major procurement of specialized underground mining equipment
    • Apple (AAPL) cuts App Store fees to 15% for mini apps that adopt its age-range technology, according to Reuters
    • Arch Capital's (ACGL) wholly owned subsidiary, Arch MI, has obtained over $249 mln of indemnity reinsurance on a pool representing approximately $54.2 bln of mortgages from Bellemeade Re 2025-1 Ltd., a special purpose reinsurer
    • Aurora Mobile (JG) announces up to $10 million share repurchase program
    • Baidu (BIDU) introduced new artificial intelligence processors, according to Reuters
    • Bitfarms (BITF) announced its plans for converting its Washington site to HPC/AI workloads
    • Blackrock (BLK): ACS secures data center agreement with Blackrock, according to Expansion
    • Block (XYZ) introduces new Cash App releases
    • Boeing (BA) Defense workers vote on new contract to end 3-month strike impacting F-15 production, according to CNBC
    • Boeing (BA): IAM Union District 837 members ratify new contract with Boeing
    • Brainsway (BWAY) receives FDA clearance of Deep TMS as adjunct therapy for major depressive disorder in adolescents aged 15 to 21
    • Carlyle Group (CG) mulling options to purchase Luckoil (LUKOY) assets, according to Reuters
    • Cboe Global Markets (CBOE) aims to introduce non-sports prediction markets in a few months, according to Bloomberg
    • Comcast (CMCSA): NBCUniversal to introduce new cable sports channel, according to WSJ
    • Cognizant Tech (CTSH) to acquire 3cloud, a Microsoft (MSFT) Azure partner
    • CoreCivic (CXW): Department of Homeland Security says U.S. is on track to have negative net migration for the first time in 50 years; 1.6 million migrants self-deported and 555K migrants were deported
    • CrowdStrike (CRWD) was named one of three inaugural partners in the Google Unified Security Recommended program, recognizing the AI-native CrowdStrike Falcon® platform for endpoint protection
    • Delta Air Lines (DAL): Court blocks order to unwind Delta and Aeromexico joint venture, according to Reuters
    • DocuSign (DOCU) launches the Docusign Template Gallery, a new library of ready-to-use agreement templates designed to help individuals and businesses start and send some of the most frequently used contracts
    • DoorDash (DASH) and Gap's Old Navy (GAP) partner to make shopping easier with on-demand delivery
    • Eli Lilly (LLY): Mangoceuticals (MGRX) has launched MangoRx Direct and PeachesRx Direct, two integrated programs that provide direct access to authentic Zepbound from Eli Lilly and Wegovy from Novo Nordisk (NVO)
    • Eli Lilly (LLY) announces it has no affiliation with Mangoceuticals (MGRX)
    • Enova International (ENVA) authorizes new share repurchase program totaling $400 mln
    • Fastenal (FAST) enters into an agreement to form a multi-year partnership with the Edmonton Oilers
    • Flutter Entertainment (FLUT) and DraftKings (DKNG) withdraw from Nevada licenses
    • Firefly Aerospace (FLY) launches higher following beat-and-raise Q3 report that featured backlog expansion to $1.3 bln
    • Fiserv (FISV) has reached an agreement to settle and fully resolve issues raised in a qui tam action filed in the U.S. District Court for the Eastern District of Missouri
    • GE HealthCare (GEHC) and RadNet’s (RDNT) DeepHealth division sign letter of intent to advance innovation and adoption of AI-powered imaging across multiple modalities and remote scanning
    • GE Vernova (GEV) and Siemens (SIEGY) will supply gas turbines to Syria, according to Reuters
    • Hims & Hers Health (HIMS) launches lab testing with Quest Diagnostics (DGX), expanding into preventive care market, according to WSJ
    • Hims & Hers Health (HIMS) confirms launch of Labs, a new way for customers to understand their overall health and identify ways to improve and maintain it
    • Joby Aviation (JOBY) and the General Authority of Civil Aviation of the Kingdom of Saudi Arabia announce plans for the rapid deployment of Joby’s electric air taxi in the Kingdom
    • Korro Bio (KRRO) announces workforce reduction and resignation of Chief Medical Officer Dr. Kemi Olugemo
    • Life360 (LIF): Cie, a venture studio enters into a definitive agreement to be acquired by Life360 in a transaction valued at approximately $120 million in cash and stocls
    • Malibu Boats (MBUU) announced the appointment of David Black as Chief Financial Officer effective immediately
    • MaxCyte (MXCT) announces that CFO Douglas Swirsky has informed the Company of his decision to transition from his role in the first half of 2026
    • Microsoft (MSFT) aiming to use OpenAI to help with its own chip efforts, according to Bloomberg
    • M/I Homes (MHO) announces new $250 mln share repurchase authorization
    • Neurogene (NGNE) reports positive interim data in pediatric cohort from NGN-401 gene therapy trial for Rett Syndrome
    • Niagen Bioscience (NAGE) announces results from first-ever randomized controlled trial exploring Niagen supplementation in Long COVID
    • Nissan (NSANY) mulling Honda (HMC) partnership to make products in U.S., according to Nikkei
    • Novartis’ (NVS) next-generation malaria drug achieves breakthrough Phase III results
    • NVIDIA (NVDA): An artificial intelligence company from China worked around rules to access Nvidia chips, according to WSJ
    • Nvidia (NVDA) aiming to centralize AI server assembly, according to Digitimes
    • Pfizer (PFE) completes acquisition of Metsera (MTSR)
    • Radware (RDWR) and Hitachi Solutions to launch Radware cloud application protection service to defend against evolving web DDoS attacks using AI
    • Regeneron Pharma (REGN) highlights progress at American Society of Hematology, with updated data in multiple myeloma, lymphoma and paroxysmal nocturnal hemoglobinuria programs
    • REV Group's (REVG) Horton Emergency Vehicles is expanding its manufacturing footprint in Grove City, OH, with the $2.6 mln purchase of an adjacent building
    • RLI Corp (RLI) declares a special cash dividend of $2.00/share payable on December 19, 2025, to shareholders of record as of November 28
    • Roche Hldg (RHHBY): FDA approves new interchangeable biosimilar to Perjeta
    • Rockwell Automation (ROK) to advance industrial intelligence through edge-based generative AI with Nvidia (NVDA) Nemotron
    • SoFi Technologies (SOFI) CFO entered into a prepaid variable forward contract
    • Starbucks (SBUX) workers authorize strike
    • Spire (SR) increases quarterly cash dividend 5.1% to $0.825/share from $0.785/share
    • Surgery Partners (SGRY) appointment of Justin Oppenheimer to serve as Chief Operating Officer and National Group President of the Company, effective as of January 1, 2026
    • Taboola (TBLA) entered into a privately negotiated share repurchase agreement with affiliates of Pitango Venture Capital to repurchase 6,387,648 ordinary shares for consideration consisting of $3.67 per share
    • Tesla (TSLA) working on plan to add Apple (AAPL) CarPlay to vehicles, according to Bloomberg
    • Textron (TXT): FAA is adopting a new airworthiness directive for certain Textron Aviation Inc. Model 182Q and 182R airplanes.
    • Toyota Motor (TM) is recalling certain 2022-2024 Toyota Tundra, Lexus LX, and 2024 Lexus GX vehicles due to engine issue
    • Triple Flag Precious Metals Corp. (TFPM) receives approval for normal course issuer bid renewal
    • Veritone (VERI) announces majority debt reduction, fully retires senior secured credit facility
    • Voyager Technologies (VOYG) announces strategic partnership to advance dual-use quantum technology in low-Earth orbit and beyond
    • WEBTOON Entertainment (WBTN) announces plan to develop slate of animated projects with Warner Bros. Animation
    • WeRide (WRD) and Grab begin Singapore’s first autonomous vehicle tests in Punggol
  • Upgrades:
    • ATI Inc. (ATI) upgraded to Overweight from Sector Weight at KeyBanc, tgt $120
    • AutoZone (AZO) upgraded to Buy from Neutral at Goldman, tgt $4,262
    • Baytex Energy (BTE) upgraded to Outperform from Market Perform at BMO Capital
    • Baytex Energy (BTE) upgraded to Outperform from Sector Perform at Scotiabank
    • Booking Holdings (BKNG) upgraded to Outperform from Neutral at Wedbush, tgt $6,000
    • Carpenter Technology (CRS) upgraded to Overweight from Sector Weight at KeyBanc, tgt $380
    • Circle Internet Group (CRCL) upgraded to Overweight from Underweight at JPMorgan, tgt $100
    • Digi International (DGII) upgraded to Buy from Hold at Craig-Hallum, tgt $45
    • Diversified Healthcare Trust (DHC) upgraded to Sector Perform at RBC Capital, tgt $5
    • DoorDash (DASH) upgraded to Outperform from Neutral at Wedbush, tgt $260
    • Fastenal (FAST) upgraded to Peer Perform from Underperform at Wolfe Research, tgt $43
    • Firefly Aerospace (FLY) upgraded to Buy from Hold at Deutsche Bank, tgt $30
    • Floor & Decor Holdings (FND) upgraded to Neutral from Sell at Goldman, tgt $71
    • Genuine Parts (GPC) upgraded to Neutral from Sell at Goldman, tgt $142
    • Kimberly-Clark (KMB) upgraded to Buy from Hold at Argus, tgt $120
    • Lennox International (LII) upgraded to Peer Perform from Underperform at Wolfe Research
    • Nike (NKE) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $75
    • Tetra Tech (TTEK) upgraded to Buy from Neutral at Northcoast, tgt $38
    • Trane Technologies (TT) upgraded to Buy from Neutral at BofA Securities, tgt $550
  • Downgrades:
    • Alexandria Real Estate (ARE) downgraded to Market Perform from Outperform at Citizens JMP
    • Amdocs (DOX) downgraded to Peer Perform from Outperform at Wolfe Research
    • Cooper Companies (COO) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $72
    • Dollar Tree (DLTR) downgraded to Sell from Buy at Goldman, tgt $103
    • HCI Group (HCI) downgraded to Perform from Outperform at Oppenheimer
    • KinderCare Learning Companies (KLC) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $6
    • KinderCare Learning Companies (KLC) downgraded to Neutral from Buy at UBS, tgt $4.50
    • Korro Bio (KRRO) downgraded to Hold from Buy at Clear Street, tgt $7
    • Korro Bio (KRRO) downgraded to Market Perform from Outperform at William Blair
    • Korro Bio (KRRO) downgraded to Market Perform from Strong Buy at Raymond James
    • Korro Bio (KRRO) downgraded to Neutral from Buy at Chardan, tgt $7
    • Korro Bio (KRRO) downgraded to Neutral from Buy at H.C. Wainwright
    • Korro Bio (KRRO) downgraded to Neutral from Overweight at Cantor Fitzgerald
    • Korro Bio (KRRO) downgraded to Sector Perform from Outperform at RBC Capital, tgt $8
    • WillScot Holdings (WSC) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $2
  • Others:
    • AbbVie (ABBV) initiated with an Outperform at Scotiabank, tgt $280
    • Addus HomeCare (ADUS) initiated with a Market Perform at BMO Capital, tgt $120
    • Amgen (AMGN) initiated with an Outperform at Scotiabank, tgt $385
    • Aveanna Healthcare (AVAH) initiated with an Outperform at BMO Capital, tgt $11
    • BrightSpring Health (BTSG) initiated with an Outperform at BMO Capital, tgt $40
    • Bristol-Myers Squibb (BMY) initiated with a Sector Perform at Scotiabank, tgt $45
    • Certara (CERT) initiated with a Market Perform at BMO Capital, tgt $9
    • CPS Technologies (CPSH) initiated with a Buy at Roth Capital, tgt $6
    • Doximity (DOCS) initiated with a Market Perform at BMO Capital, tgt $55
    • Evolent Health (EVH) initiated with an Outperform at BMO Capital, tgt $7
    • Gilead Sciences (GILD) initiated with an Outperform at Scotiabank, tgt $140
    • Healthcare Services Group (HCSG) initiated with a Market Perform at BMO Capital, tgt $20
    • Hecla Mining (HL) resumed with a Sector Perform at Scotiabank, tgt $15
    • HealthEquity (HQY) initiated with a Market Perform at BMO Capital, tgt $100
    • ICON plc (ICLR) initiated with a Market Perform at BMO Capital, tgt $175
    • IQVIA Holdings (IQV) initiated with an Outperform at BMO Capital, tgt $260
    • Johnson & Johnson (JNJ) initiated with an Outperform at Scotiabank, tgt $230
    • Eli Lilly (LLY) initiated with an Outperform at Scotiabank, tgt $1,165
    • Lifeway Foods (LWAY) initiated with a Buy at Benchmark, tgt $35
    • LifeStance Health (LFST) initiated with an Outperform at BMO Capital, tgt $8
    • Medpace (MEDP) initiated with a Market Perform at BMO Capital, tgt $600
    • Merck (MRK) initiated with an Outperform at Scotiabank, tgt $105
    • Omada Health (OMDA) initiated with an Outperform at BMO Capital, tgt $27
    • Oruka Therapeutics (ORKA) initiated with a Buy at Jefferies, tgt $45
    • Pfizer (PFE) initiated with an Outperform at Scotiabank, tgt $30
    • Phreesia (PHR) initiated with an Outperform at BMO Capital, tgt $32
    • Privia Health (PRVA) initiated with an Outperform at BMO Capital, tgt $30
    • Regeneron (REGN) initiated with a Sector Perform at Scotiabank, tgt $650
    • Rocket Companies (RKT) initiated with an Outperform at Oppenheimer, tgt $25
    • Sotera Health (SHC) initiated with an Outperform at BMO Capital, tgt $19
    • Teladoc (TDOC) initiated with a Market Perform at BMO Capital, tgt $8
    • TruBridge (TBRG) initiated with a Market Perform at BMO Capital, tgt $19.50
    • Veeva Systems (VEEV) initiated with a Market Perform at BMO Capital, tgt $300
    • Vertex Pharmaceuticals (VRTX) initiated with an Outperform at Scotiabank, tgt $495
    • Vital Farms (VITL) initiated with a Buy at Benchmark, tgt $60
    • Waystar (WAY) initiated with an Outperform at BMO Capital, tgt $47
    • Zura Bio (ZURA) initiated with a Buy at Clear Street, tgt $18
  • Econ Data (Friday):
    • 8:30 ET: October PPI (Briefing.com consensus 0.4%; prior NA), Core PPI (Briefing.com consensus 0.3%; prior NA), October Retail Sales (Briefing.com consensus 0.3%; prior NA), and Retail Sales ex-auto (Briefing.com consensus 0.3%; prior NA)
    • 10:00 ET: September Business Inventories (Briefing.com consensus 0.1%; prior NA)
    • 10:30 ET: Weekly natural gas inventories (prior +33 bcf)
  • Earnings:
    • Monday (Nov 10)
      • Pre-Market: B BTDR CAMT CEVA DOLE NVRI ETOR EVGO GBTG GSL HHH CART BEKE MNDY PGY RDNT ROIV STWD SGRY TSEM THS TSN VG
      • After-Hours: ASTS BBAI CNNE CRWV GETY GDOT JAMF OXY PSKY RPAY RGTI SARO TTGT WULF TDW
      Tuesday (Nov 11)
      • Pre-Market: SE SFL SONY
      • After-Hours: DOX CAE IMOS OKLO LIF
    • Wednesday (Nov 12)
      • Pre-Market: ARCO CRCL CRMD GFS HBM HUYA LEGN LOAR MFC MH ONON RSKD TME TDG
      • After-Hours: CLBT CSCO DGII DLO FLY FLUT HTFL IBTA KLC PAAS RUM TTEK WBTN
    • Thursday (Nov 13)
      • Pre-Market: ARX BILI CSIQ EPC GAMB JD HZO NIQ PSFE SBH SPB SSYS DIS
      • After-Hours: AMAT BZH FIGR GLOB JBS NMAX SOBO STRZ
    • Friday (Nov 14)
      • Pre-Market: SRRK RR
      • After-Hours: None
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