After Hours Report

Updated: 18-Nov-25 17:00 ET
La-Z-Boy sits up on earnings beat and dividend hike

The stock market saw some choppy action in today's trade, and while some pockets of the market posted solid performances, lingering weakness across tech and mega-cap names saw the S&P 500 (-0.8%), Nasdaq Composite (-1.2%), and DJIA (-1.1%) close below their 50-day moving averages for the second consecutive day. 

As many as nine S&P 500 sectors held losses at once during session lows, while nine sectors held gains at session highs. Ultimately, five sectors finished higher, but the underperformance of the consumer discretionary (-2.5%) and information technology (-1.7%) sectors was prominent through the entirety of the session. 

Home Depot (HD 336.48, -21.55, -6.02%) held the widest loss in the consumer discretionary sector after missing EPS estimates and lowering its FY26 guidance, which weighed on other retailers in the sector. 

Amazon (AMZN 222.55, -10.32, -4.43%) also lagged after Rothschild & Co. downgraded the stock to Neutral from Buy. 

The firm also downgraded Microsoft (MSFT 493.79, -13.70, -2.70%) to Neutral from Buy, which set the tone for early weakness in the technology sector. 

The sector faced pressure in its chipmaker components, which sent the PHLX Semiconductor Index 2.3% lower, widening its week-to-date loss past 9.0%. NVIDIA (NVDA 181.37, -5.23, -2.80%) traded lower ahead of its earnings report after the close tomorrow, while names like Advanced Micro Devices (AMD 230.29, -10.23, -4.25%) and Micron (MU 228.50, -13.45, -5.56%) faced even steeper losses. 

Meanwhile, Alphabet (GOOG 284.96, -0.64, -0.22%) faced some choppy action today, holding gains wider than 1.0% before ultimately closing below its flatline. Loop Capital upgraded the stock to Buy from Hold. 

Despite Alphabet ceding its gain, the communication services sector (+0.1%) still finished in positive territory. Warner Bros. Discovery (WBD 23.69, +0.95, +4.18%) led the way as it prepares to receive bids from prospective buyers, while Netflix (NFLX 114.09, +3.80, +3.44%) saw some buying interest after its 10-to-1 stock split took effect yesterday. 

The health care sector (+0.5%) unsurprisingly finished with one of the widest gains as investors continue to rotate into the sector amid valuation concerns that now surround the AI trade. 

Medtronic (MDT 100.80, +4.52, +4.69%) paced the gains after a solid beat-and-raise earnings report, while Merck (MRK 96.43, +3.57, +3.84%) finished higher after announcing it will increase its quarterly dividend to $0.85 per share from $0.81 per share. 

Elsewhere in the sector, managed care names including UnitedHealth (UNH 313.58, -6.94, -2.17%) and Elevance Health (ELV 324.53, -6.38, -1.93%) traded lower after President Trump lambasted health insurance companies in a Truth Social post this morning. 

The energy sector (+0.6%) ended up with the widest gain as crude oil futures settled today's session $0.76 higher (+1.3%) at $60.68 per barrel. 

Outside of the S&P 500, the Russell 2000 (+0.3%) and S&P Mid Cap 400 (+0.3%) shook off some early sluggishness to the tune of solid gains. 

On the macro front, December rate cut expectations got a modest boost from the unexpected overnight release of some October weekly jobless claims data. Initial jobless claims for the week ending October 18 were 232K (prior revised to 219K from 218K); continuing jobless claims for the week ending October 11 were 1947K (prior revised to 1916K from 1926K). The CME FedWatch Tool now assigns a 51.1% probability to a 25-basis point rate cut at the December FOMC meeting, up from 42.4% yesterday. 

Ultimately, today's action reflected a further rotation out of AI and mega-cap names and into more value-oriented positions. While breadth figures ended the day modestly positive, and sector strength was an almost even split, a 1.4% slide in the Vanguard Mega Cap Growth ETF was more than enough to facilitate losses at the index level. 

The AI trade continues to stumble ahead of NVIDIA's earnings release tomorrow after the close, as not even headlines of a partnership between NVIDIA, Microsoft, and Anthropic, or the news that the U.S. is working on the sale of advanced chips to Saudi Arabia, triggered any buying interest. 

U.S. Treasuries traded firmly with a bull steepener trade in play, having digested several economic releases today. The 2-year note yield settled down three basis points to 3.58%, and the 10-year note yield settled down one basis point to 4.12%. 

  • Nasdaq Composite: +16.2% YTD
  • S&P 500: +12.5% YTD
  • DJIA: +8.3% YTD
  • Russell 2000: +5.3% YTD
  • S&P Mid Cap 400: +1.1% YTD

Reviewing today's data:

  • Weekly Initial Claims 232K; Prior was revised to 219K from 218K
  • Weekly Continuing Claims 1.947 mln; Prior was revised to 1.916 mln from 1.926 mln
  • August Factory Orders 1.4% (Briefing.com consensus 0.8%); Prior -1.3%
    • The key takeaway from the report is that business spending remained on an upswing, evidenced by back-to-back increases in new orders for nondefense capital goods, excluding aircraft, in July and August.
  • November NAHB Housing Market Index 38 (Briefing.com consensus 36); Prior 37

Overseas:

  • Europe: DAX -1.8%, FTSE -1.3%, CAC -1.9%
  • Asia: Nikkei -3.2%, Hang Seng -1.7%, Shanghai -0.8%

Commodities:

  • Crude Oil +0.76 @ 60.68
  • Nat Gas +0.01 @ 4.60
  • Gold -8.10 @ 4064.50
  • Silver -0.12 @ 50.51
  • Copper -0.03 @ 4.98

After-Hours Spotlight:

  • Constellation Energy (CEG): U.S. to provide a $1 bln loan to support restarting the Three Mile Island Reactor, according to Reuters...CEG +2.5%
  • Dolby Labs (DLB) beats by $0.29, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY26 EPS in-line, revs in-line...DLB -1.8%
  • Golub Capital (GBDC) misses by $0.03, misses on revs... GBDC +0.3%
  • Interparfums (IPAR) issues downside FY26 EPS and revenue guidance as broader economic challenges and inventory destocking expected to persist into 2026...IPAR -4.5%
  • La-Z-Boy (LZB) beats by $0.17, reports revs in-line; guides Q3 revs in-line; increases dividend... LZB +6.1%
  • onsemi (ON) announces $6 billion share repurchase authorization...ON +3.7%
  • Powell Inds (POWL) beats by $0.44, beats on revs...POWL -0.5%
  • Warner Bros. Discovery (WBD) ticks higher after hours on report its Board wants Paramount to lift offer to around $30/share from $23.50, according to Axios...WBD +1.3%

Fair Value for Wednesday, November 19:

  • S&P 500: 6,637
  • Nasdaq 100: 24,586
  • DJIA: 46,171
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):
    • Aecom Tech (ACM) beats by $0.02, revenue increased 1.6%; guides FY26 EPS in-line, raises long-term financial targets
    • Aecom Tech (ACM) increases long term targets; raises dividend; initiated a review of strategic alternatives for its construction management business
    • Amer Sports (AS) beats by $0.08, beats on revs; guides FY25 EPS above consensus, revs in-line
    • Baidu (BIDU) beats by RMB3.43, beats on revs
    • BellRing Brands (BRBR) misses by $0.03, beats on revs; guides FY26 revs below consensus
    • Elbit Systems (ESLT) beats by $0.35; misses on revs
    • Energizer (ENR) misses by $0.07, reports revs in-line; guides Q1 EPS below consensus; guides FY26 EPS below consensus
    • Futu Holdings (FUTU) reports Q3 results; beats on revs; issues new share repurchase program
    • Gorilla Technology Group (GRRR) beats by $0.13, revs in-line; reaffirms FY25 revs; guides for FY26 revs
    • Helmerich & Payne (HP) misses by $0.24, beats on revs; Provides operational outlook for 1Q26
    • Home Depot (HD) misses by $0.10, reports revs in-line; guides FY26 EPS below consensus, revs below consensus
    • James Hardie (JHX) reports EPS in-line, revs in-line; Raises FY26 adjusted EBITDA guidance; Also announces appointment of Ryan Lada as CFO, and appointment of Nigel Stein as Chair of the Board of Directors
    • Klarna Group plc (KLAR) reports EPS in-line, beats on revs; guides Q4 revs above consensus
    • LifeMD (LFMD) misses by $0.08, misses on revs; guides Q4 revs below consensus
    • Medtronic (MDT) beats by $0.05, beats on revs; raises outlook; FY26 EPS in-line
    • Mission Produce (AVO) provides investor updates in presentation
    • Navios Maritime Partners (NMM) beats by $0.29, beats on revs
    • NETSTREIT (NTST) raises FY25 FFO guidance above consensus
    • Oaktree Specialty Lending Corp (OCSL) beats by $0.01
    • PDD Holdings (PDD) beats by RMB4.49, reports revs in-line
    • Trip.com Group (TCOM) reports Q3 (Sep) results, revs in-line
    • Weibo (WB) beats by $0.01, reports revs in-line
    • Worthington Enterprises (WOR) provides investor updates in presentation
    • XP (XP) beats by $0.04, reports revs in-line
  • General News
    • The United Nations Security Council approves President Trump's Gaza peace plan, according to the New York Times
    • The lawyer for Fed Governor Lisa Cook provided a defense of her mortgage applications, according to WSJ
    • Japanese government bonds are falling ahead of Japanese Prime Minister Sanae Takaichi's fiscal package, according to Bloomberg
    • Senator Bill Cassidy (R-LA) proposed a new healthcare plan that has President Trump's support. His plan redirects Affordable Care Act subsidies from health insurance companies to consumers. It is unclear if the plan has enough support to pass, according to Politico
    • China is increasing purchases of soybeans, according to Bloomberg
    • Bitcoin dropped below $90,000 
    • The Trump administration plans to sell advanced AI chips to the Saudi Arabian AI company Humain, according to Bloomberg
    • AbbVie (ABBV) confirms U.S. FDA approval of EPKINLY (epcoritamab-bysp) in combination with Rituximab and Lenalidomide for relapsed or refractory follicular lymphoma
    • Advanced Micro Devices (AMD) and Eviden to power Europe’s new exascale supercomputer, the first based in France
    • AerCap (AER) signs lease agreements with FlySafair for five Boeing (BA) aircraft
    • Airbus (EADSY): Air Europa signs MoU for up to 40 Airbus A350-900
    • AirSculpt Technologies (AIRS) appoints Mike Doyle as the Non-Executive Chairman of its Board of Directors
    • Anheuser-Busch InBev (BUD) in discussions to acquire BeatBox for $700 mln, according to WSJ
    • Apple (AAPL): A key Apple designer has left the company, according to Bloomberg
    • Apple (AAPL) had 25% of China's smartphone market last month, according to Reuters
    • Archer Aviation (ACHR) to supply electric powertrain to Anduril and EDGE for Omen Autonomous Air Vehicle
    • Arm Holdings plc (ARM) Neoverse platform integrates NVIDIA (NVDA) NVLink Fusion to accelerate AI data center adoption
    • Ascendis Pharma (ASND): Results of Pivotal ApproaCH Trial of TransCon CNP (Navepegritide) in Children with Achondroplasia Published in JAMA Pediatrics
    • BETA Technologies (BETA): Abu Dhabi Airports taps BETA Technologies to deploy charging systems for UAE eVTOL network
    • Boeing (BA) sees Middle East fleet more than doubling by 2044 amid demand surge
    • Boeing (BA): Gulf Air expands 787 dreamliner order to boost long-haul growth
    • Bowman Consulting Group (BWMN) awarded $7 mln contract to design Wes Seattle fish passage infrastructure
    • BTQ Technologies (BTQ) QPerfect division launches GPU-accelerated QLEO with NVIDIA (NVDA) CUDA-Q compatibility in partnership with Quobly
    • Calix Networks (CALX) announces appointment of John Durocher as COO, effective immediately
    • Celcuity (CELC) Announces Completion of Submission of Its New Drug Application to the U.S. FDA for Gedatolisib in HR+/HER2-/PIK3CA Wild-Type Advanced Breast Cancer
    • Clean Energy Fuels (CLNE) was awarded a contract to design and build a new hydrogen fueling station for Gold Coast Transit District
    • Cloudflare (NET) says "Cloudflare Global Network experiencing issues"
    • Cogent Communications (CCOI) to resume stock repurchase program
    • Cypherpunk Technologies (CYPH) boosts Zcash position with $18 mln purchase, lifting network ownership to 1.43%
    • Deere (DE): Georgia Local 2789 members win strongest John Deere contract in decades
    • Dell (DELL) powers TACC's new supercomputer Horizon
    • Diginex Limited (DGNX) announces strategic alliance with EVIDENT Group, enabling its advanced sustainability data capabilities to be embedded directly within EVIDENT's platform
    • Eni S.p.A.'s (E) Plenitude has signed an agreement to acquire assets from Neoen
    • Equinox Gold (EQX) announces commercial production at its 100% owned Valentine Gold Mine in Newfoundland & Labrador, Canada
    • Esperion Therapeutics (ESPR) HLS Therapeutics announces approval of NILEMDO for the reduction of LDL-cholesterol in Canadians at risk of cardiovascular disease
    • Exxon Mobil (XOM) aiming to close Scottish chemicals plant and eliminate 200 jobs, according to FT
    • Flutter Entertainment (FLUT), DraftKings (DKNG) exit casino trade group as they pivot toward prediction markets, according to Bloomberg
    • General Dynamics (GD) awarded a $2.28 bln modification to Navy contract
    • Google (GOOG, GOOGL) CEO Sundar Pichai says "no company is going to be immune" if the artificial intelligence bubble bursts, according to BBC
    • Helios Technologies (HLIO) names Jeremy Evans as CFO effective immediately
    • Helmerich & Payne (HP) to recommence operations on seven land rigs in Saudi Arabia
    • Hewlett Packard Enterprise (HPE): DOJ issues response of the United States to public comments on the proposed final judgments related to HPE / Juniper (JNPR) merger
    • Hexcel (HXL) names Michael Lenz as Interim CFO; co announced previously that CFO Patrick Winterlich is stepping down
    • Honda (HMC) will resume normal operations at plants, according to Reuters
    • HSBC (HSBC) board debating who should be its next chair, according to FT
    • Hudson Pacific Properties (HPP) announces reverse stock split
    • Karooooo Ltd.'s (KARO) Cartrack partners with Volkswagen Group Info Services AG (VWAGY) to integrate multi-brand vehicle data across Europe
    • Lukoil (LUKOY): Exxon, Chevron, Adnoc, Carlyle circle Lukoil’s global assets as sanctions deadline nears, according to Bloomberg
    • Merck’s (MRK) WINREVAIR (sotatercept-csrk) met primary endpoint in Phase 2 CADENCE study in adults with combined post- and precapillary pulmonary hypertension (CpcPH) due to heart failure with preserved ejection fraction
    • Meta Platforms (META) wins antitrust case as judge rules Instagram, WhatsApp deals don’t violate US law, according to Bloomberg
    • Motorola Solutions (MSI) increases quarterly cash dividend 11% to $1.21/share from $1.09/share
    • NRG Energy (NRG) receives approval from both the Federal Energy Regulatory Commission and the New York State Public Service Commission relating to the previously announced acquisition of a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant platform from LS Power
    • NuScale Power (SMR): Army shortlists nine bases for potential microreactor sites under Janus nuclear power program
    • nVent Electric (NVT) unveils new liquid cooling and power portfolio at SC25
    • NVIDIA (NVDA) and RIKEN advance Japan’s scientific frontiers with new supercomputers for AI and quantum computing
    • NVIDIA (NVDA): World’s Leading Scientific supercomputing centers Adopt NVIDIA NVQLink to integrate grace blackwell platform with quantum processors
    • OmniAb (OABI) and ArrowMark Partners (BANX) sign license and services agreement with a newly-formed incubated company
    • PVH (PVH) announces that Zac Coughlin, Chief Financial Officer, will be departing the company to pursue an opportunity outside of the retail and apparel industry
    • Quanterix (QTRX) announces landmark study demonstrating Dual GFAP/NfL blood test approach for personalized multiple sclerosis monitoring
    • QuickLogic's (QUIK) eFPGA Hard IP was selected by Chipus for a high performance data center production ASIC
    • RadNet (RDNT): Landmark nature health study demonstrates the effectiveness of Deephealth's novel AI-powered breast cancer detection workflow
    • Roche’s (RHHBY) oral SERD giredestrant first to show superior outcomes in early breast cancer
    • Rocket Lab USA (RKLB) announces that it successfully launched a suborbital mission with its HASTE launch vehicle for the Defense Innovation Unit and Missile Defense Agency, advancing national interests in safeguarding the homeland through the testing of advanced technologies for missile defense
    • Rio Tinto (RIO) will reduce production at the Yarwun Alumina Refinery in Gladstone by 40 per cent from October 2026, to extend the operation’s life until 2035 and allow time to explore further life-extension and modernisation options
    • RTX (RTX) awarded a $698 mln Army contract
    • RTX (RTX): State Department has made a determination approving a possible foreign military sale to the Government of Ukraine of Patriot Air Defense System Sustainment and related equipment for an estimated cost of $105 mln
    • SAP SE (SAP) announces a new collaboration with France's AI sector, which includes new and expanded partnerships with Bleu, Capgemini, and Mistral AI
    • Stellantis (STLA) Pro One unveils its electric and custom-built innovations
    • TechnipFMC (FTI) awarded a substantial contract by Eni SpA (E) for the deepwater Maha project offshore Indonesia
    • Tesla (TSLA) robotaxis had 7 crashes in Austin, TX, according to Electrek
    • TotalEnergies (TTE) contests French ruling on Corsica fuel supply, plans appeal and strategic review
    • Transocean (RIG) announces exercised options totaling $89 million
    • Tutor Perini (TPC) initiates a quarterly cash dividend and a $200 million share repurchase program
    • USA TODAY (TDAY): Gannett changes name to USA TODAY Co. and ticker to TDAY from GCI effective today
    • Vanda Pharmaceuticals (VNDA) reports results for Tradipitant in preventing GLP-1 induced nausea and vomiting
    • Vertiv (VRT) and Caterpillar (CAT) announce energy optimization collaboration to expand end-to-end power and cooling offerings for AI data centers
    • Volkswagen AG (VWAGY) has chip supply secured for now, according to Reuters
    • Warner Bros. Discovery (WBD): Paramount (PSKY) preparing $71 bln bid for WBD with Middle East sovereign wealth funds, according to Variety
    • XP (XP) opens new share buyback program totaling R$1.0 bln and announces new dividends in the amount R$500 mln to be paid still in 2025
    • Zymeworks (ZYME) launches strategy to build a royalty-driven portfolio and expand revenue streams
  • Upgrades:
    • AES Corp. (AES) upgraded to Hold from Underperform at Jefferies, tgt $13
    • Alphabet (GOOG/L) upgraded to Buy from Hold at Loop Capital, tgt $320
    • Deckers Outdoor (DECK) upgraded to Buy from Hold at Stifel, tgt $117
    • Illinois Tool Works (ITW) upgraded to Neutral from Underperform at BofA Securities, tgt $255
    • Kilroy Realty (KRC) upgraded to Market Perform from Underperform at BMO Capital, tgt $44
    • Legence (LGN) upgraded to Buy from Hold at Jefferies, tgt $49
    • ONE Gas (OGS) upgraded to Neutral from Sell at UBS, tgt $86
    • Pennant Group (PNTG) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $31
    • Regency Centers (REG) upgraded to Overweight from Equal Weight at Barclays, tgt $82
    • SKF AB (SKFRY) upgraded to Buy from Hold at Deutsche Bank
    • XPeng (XPEV) upgraded to Buy from Hold at Daiwa, tgt $29
  • Downgrades:
    • Amazon (AMZN) downgraded to Neutral from Buy at Rothschild & Co Redburn, tgt $250
    • Auna (AUNA) downgraded to Neutral from Overweight at JPMorgan, tgt $6
    • HepsiBurada (HEPS) downgraded to Neutral from Overweight at JPMorgan
    • Federal Realty (FRT) downgraded to Equal Weight from Overweight at Barclays, tgt $106
    • Honeywell (HON) downgraded to Underperform from Buy at BofA Securities, tgt $205
    • Microsoft (MSFT) downgraded to Neutral from Buy at Rothschild & Co Redburn, tgt $500
    • Murphy Oil (MUR) downgraded to Neutral from Overweight at Piper Sandler, tgt $34
    • Telus (TU) downgraded to Underweight from Neutral at JPMorgan
    • VICI Properties (VICI) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $32
  • Others:
    • AeroVironment (AVAV) initiated with an Outperform at BNP Paribas Exane, tgt $355
    • Arcellx (ACLX) initiated with a Peer Perform at Wolfe Research
    • Ascendis Pharma (ASND) initiated with an Outperform at Wolfe Research, tgt $255
    • Black Diamond Therapeutics (BDTX) assumed with an Overweight at Piper Sandler, tgt $9
    • Boyd Gaming (BYD) initiated with an Equal Weight at Wells Fargo, tgt $85
    • Caesars Entertainment (CZR) initiated with an Equal Weight at Wells Fargo, tgt $21
    • Carnival (CCL) initiated with an Overweight at Wells Fargo, tgt $37
    • CareTrust REIT (CTRE) initiated with a Buy at UBS, tgt $42
    • Celcuity (CELC) initiated with an Outperform at Wolfe Research, tgt $110
    • Choice Hotels (CHH) initiated with an Underweight at Wells Fargo, tgt $84
    • Churchill Downs (CHDN) initiated with an Overweight at Wells Fargo, tgt $115
    • Corcept Therapeutics (CORT) initiated with a Peer Perform at Wolfe Research
    • CrowdStrike (CRWD) initiated with a Hold at Berenberg, tgt $600
    • Diversified Energy (DEC) initiated with an Outperform at William Blair
    • DraftKings (DKNG) initiated with an Equal Weight at Wells Fargo, tgt $31
    • Exelixis (EXEL) initiated with a Peer Perform at Wolfe Research
    • FormFactor (FORM) initiated with an Overweight at Cantor Fitzgerald, tgt $75
    • Genius Sports (GENI) initiated with an Equal Weight at Wells Fargo, tgt $10
    • Hilton (HLT) initiated with an Overweight at Wells Fargo, tgt $332
    • Hilton Grand Vacations (HGV) initiated with an Equal Weight at Wells Fargo, tgt $42
    • Hyatt (H) initiated with an Equal Weight at Wells Fargo, tgt $154
    • Innospec (IOSP) initiated with a Buy at Freedom Capital
    • Janux Therapeutics (JANX) initiated with a Peer Perform at Wolfe Research
    • Kestra Medical (KMTS) initiated with a Buy at BTIG Research
    • Kodiak Gas Services (KGS) initiated with an Outperform at William Blair
    • Las Vegas Sands (LVS) initiated with an Equal Weight at Wells Fargo
    • Lumentum (LITE) initiated with an Outperform at Mizuho
    • Marriott (MAR) initiated with an Overweight at Wells Fargo
    • Norwegian Cruise Line (NCLH) initiated with an Overweight at Wells Fargo
    • Omega Healthcare (OHI) initiated with a Buy at UBS
    • Okta (OKTA) initiated with a Buy at Berenberg
    • Oric Pharmaceuticals (ORIC) initiated with a Peer Perform at Wolfe Research
    • Qualys (QLYS) initiated with a Hold at Berenberg
    • Rapid7 (RPD) initiated with a Hold at Berenberg
    • Red Rock Resorts (RRR) initiated with an Equal Weight at Wells Fargo
    • Revolution Medicines (RVMD) initiated with an Outperform at Wolfe Research
    • Rolls-Royce (RYCEY) initiated with an Outperform at RBC Capital
    • Rubrik (RBRK) initiated with a Buy at Berenberg
    • SailPoint (SAIL) initiated with a Buy at Berenberg
    • Sabra Health Care (SBRA) initiated with a Neutral at UBS
    • Scholar Rock (SRRK) initiated with an Outperform at Wolfe Research
    • SentinelOne (S) initiated with a Buy at Berenberg
    • Sportradar (SRAD) initiated with an Overweight at Wells Fargo
    • SR Bancorp (SRBK) initiated with a Market Perform at Hovde Group
    • Soleno Therapeutics (SLNO) initiated with an Outperform at Wolfe Research
    • Summit Therapeutics (SMMT) initiated with a Peer Perform at Wolfe Research
    • Tango Therapeutics (TNGX) initiated with a Peer Perform at Wolfe Research
    • Travel + Leisure (TNL) initiated with an Overweight at Wells Fargo
    • Upstream Bio (UPB) initiated with an Outperform at Evercore ISI
    • Viking Holdings (VIK) initiated with an Equal Weight at Wells Fargo
    • Wynn Resorts (WYNN) initiated with an Overweight at Wells Fargo
    • Zscaler (ZS) initiated with a Buy at Berenberg
  • Econ Data (Wednesday):
    • 07:00 ET: MBA Mortgage Applications Index (prior 0.6%)
    • 08:30 ET: August Trade Balance (Briefing.com consensus: -$61.0B; prior -$60.2B)
    • 10:30 ET: EIA Crude Oil Inventories (prior +6.41M)
    • 14:00 ET: FOMC Minutes for October 28-29 meeting
  • Earnings:
    • Monday (Nov 17)
      • Pre-Market: AMRK BRC JJSF JKS
      • After-Hours: LFMD TCOM
      Tuesday (Nov 18)
      • Pre-Market: ACM AS BIDU BRBR ENR HD JHX KLAR MDT OCSL PDD WB
      • After-Hours: DLB GBDC HP LZB POWL SQM
    • Wednesday (Nov 19)
      • Pre-Market: BLSH DY GDS GLBE KC LOW NTES TGT TJX VIK WIX
      • After-Hours: BV CPA JACK KLIC NJR NVDA ODD PANW ZTO
    • Thursday (Nov 20)
      • Pre-Market: ATKR BBWI ROAD J MAGN MMS SCVL VIPS WMT WMG
      • After-Hours: CPRT ESTC ESE GAP INTU POST ROST UGI VEEV BULL
    • Friday (Nov 21)
      • Pre-Market: BJ BKE MOG.A
      • After-Hours: None
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