Daily Market Wrap
Wall Street Slides as Technology, AI, and Semiconductor Stocks Face Heavy Selling
Stocks dropped on Thursday as tech and AI shares led sell-off. Enova (ENVA) stock drops like a rock after the bank acquisition setback.
Wall Street Rallies as Democrats Sweep Midterm Elections
Stocks surged on Wednesday as elections boosted sentiment. SpaceX’s (SPCX) revenue is seen to soar on high demand for AI compute.
Stocks Finish Mixed as Election Uncertainty Weigh on Investors
Stocks were mixed on Tuesday ahead of midterm elections. Palo Alto Networks (PANW) stock skies higher even as profits slow to +7%.
S&P 500, Nasdaq Close Lower as AI and Tech Stocks Extend Their Selloff
S&P 500, Nasdaq slid on Monday as AI-driven selloff continued. Marvell has agreed to acquire Lumentum (LITE) in a massive deal.
Stocks End October with Heavy Losses as Tech Stocks Tumble
Stocks suffered a sharp sell-off on Friday led by tech stocks. Cintas (CTAS) cleans up in the uniform & floor mat rental business.
Beat the Street
NET 2026 Q4
Cloudflare (NET) reports earnings:
Profit: $0.38 vs. $0.27 = +41%
Profit Est: $0.34 vs. $0.27 = +26%
Beat the street by $0.04
Revenue: +39%
Revenue Est: +31%
AAOI 2026 Q4
Applied Optoelectronics (AAOI) reports earnings:
Profit: $0.17 vs. -$0.09 = +289%
Profit Est: $0.14 vs. -$0.09 = +256%
Beat the street by $0.03
Revenue: +128%
Revenue Est: +126%
BROS 2026 Q4
Dutch Bros (BROS) reports earnings:
Profit: $0.25 vs. $0.19 = +32%
Profit Est: $0.24 vs. $0.19 = +26%
Beat the street by $0.01
Revenue: +30%
Revenue Est: +30%
ARM 2026 Q4
Arm (ARM) reports earnings:
Profit: $0.52 vs. $0.39 = +33%
Profit Est: $0.47 vs. $0.39 = +21%
Beat the street by $0.05
Revenue: +27%
Revenue Est: +21%
APP 2026 Q4
AppLovin (APP) reports earnings:
Profit: $4.30 vs. $2.45 = +76%
Profit Est: $4.02 vs. $2.45 = +64%
Beat the street by $0.28
Revenue: +56%
Revenue Est: +47%
MELI 2026 Q4
MercadoLibre (MELI) reports earnings:
Profit: $8.83 vs. $8.32 = +6%
Profit Est: $9.22 vs. $8.32 = +11%
Missed the street by $0.39
Revenue: +45%
Revenue Est: +42%
GWW 2026 Q4
Grainger (GWW) reports earnings:
Profit: $12.54 vs. $10.21 = +23%
Profit Est: $11.68 vs. $10.21 = +14%
Beat the street by $0.86
Revenue: +11%
Revenue Est: +9%
MCD 2026 Q4
McDonald’s (MCD) reports earnings:
Profit: $3.57 vs. $3.22 = +11%
Profit Est: $3.41 vs. $3.22 = +6%
Beat the street by $0.16
Revenue: +1%
Revenue Est: +3%
Stock of the Week
Lumentum (LITE) Is Seeing Profit Estimates Surge as AI Optical Demand Expands
Lumentum (LITE) is a key player in the buildout of datacenters as its light-based products help data travel longer distances.
TJX (TJX) Stock Free Falls, But Now the Stock is at its Biggest Discount in Years
TJX (TJX) stock has tanked following earnings as sales growth was slow at TJ Maxx and Marshalls. Is now the time to buy TJX? Yes.
Cadence Design Systems (CDNS) Helps NVIDIA and Tesla Design Electronics
Cadence Design Systems (CDNS) software helps companies design electronics, including semiconductors. Now the stock is on a dip.
Stock of the Week
Each week we highlight a stock that stands out from the crowd and give FREE access to the Research Report:
Lumentum (LITE) Is Seeing Profit Estimates Surge as AI Optical Demand Expands
Lumentum (LITE) is a key player in the buildout of datacenters as its light-based products help data travel longer distances.
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