Yulia Zeng

TradingKey - International oil prices suffered a fresh round of heavy selling. Following the announcement of the U.S. midterm election results, the Democrats won both the House of Representatives and the Senate, leading markets to bet that the Trump administration could face greater pressure, thereby prompting the U.S. to reconsider military action against Iran.

TradingKey - CVS Health (CVS) reported earnings that beat market expectations for the eighth consecutive quarter, yet failed to win over investors. On November 4, the company announced plans to split its business into two independent publicly traded companies in the first half of 2028. Following the announcement, its stock plunged 12.5% to a near six-month low.

TradingKey - Following the release of the U.S. midterm election results, the Democratic Party won control of both the Senate and the House of Representatives, ending the Republican Party's simultaneous control of the White House and Congress. Amid market concerns that the new Congress may tighten regulatory scrutiny on artificial intelligence, autonomous driving, and Elon Musk's businesses, Tesla (TSLA) fell over 5% in pre-market trading on Wednesday.

TradingKey - Arm Holdings (ARM) will report its second-quarter fiscal 2027 financial results after the US market close on November 4 and hold an earnings conference call at 5:00 p.m. Eastern Time. Ahead of the earnings release, although Arm's pre-market stock price rebounded 3% to around $209, the overall trend remains weak. The stock has pulled back more than 50% from its peak of approximately $440 in June and is once again approaching its lowest levels since late April.

TradingKey - On November 4, as the US midterm election results became clearer, the Democratic Party won control of both the Senate and the House of Representatives, creating a divided government with the Trump administration. Affected by this, Trump Media & Technology Group (DJT) fell over 8% at one point in pre-market trading.

TradingKey - As the results of the 2026 US midterm elections continue to roll in, the Democratic Party has won control of the Senate and is close to securing a majority in the House of Representatives. While the shift in congressional power may strengthen checks and balances on the Trump administration, election-related uncertainty for financial markets is receding, and investors' focus will return to corporate earnings, interest rates, energy prices, and returns on artificial intelligence investments.

TradingKey - Qualcomm (QCOM) will report its fourth-quarter and full-year fiscal 2026 financial results after the U.S. market close on November 4, with the earnings call scheduled for 4:45 p.m. Eastern Time. The market currently expects the company's fourth-quarter revenue to be approximately $10.14 billion, down 10% year-over-year, and adjusted earnings per share to be around $2.17, down nearly 28% year-over-year.

TradingKey - On November 3, Shopify (SHOP) shares fell over 17% in pre-market trading at one point after the company announced its third-quarter 2026 financial results. The company reported quarterly revenue of $3.742 billion, up 32% year-over-year, slightly missing market expectations of $3.75 billion.

TradingKey - On November 3, AMD (AMD) rose over 2% in pre-market trading, with its stock price rebounding to near $478. The company will report its third-quarter 2026 financial results after the U.S. market close on Tuesday and host an earnings conference call at 5:00 p.m. ET.

TradingKey - Palantir (PLTR) beat market expectations across the board with its third-quarter results, yet its stock suffered a sell-off following the earnings release. In US pre-market trading on November 3, the company's shares fell nearly 8%.

TradingKey - Qualcomm (QCOM) will report its fourth-quarter and full-year fiscal 2026 financial results after the U.S. market close on November 4, Eastern Time, and hold a conference call at 4:45 p.m. ET on the same day.

TradingKey - Intel (INTC) shares extended a sharp correction. On the final trading day of October, the stock plunged 29%, marking its worst single-day performance since the 1970s, and logged a 45% cumulative decline for the month, its largest monthly drop on record. Entering November, selling pressure remained unabated, with the stock falling another 8% on the first trading day, reflecting that investor confidence in the company's short-term results and recovery prospects has yet to recover.

TradingKey - Arm Holdings (ARM) will report its second-quarter fiscal 2027 financial results after the U.S. market close on November 4 (ET). As AI data centers continue to expand, market demand for Arm's processor architecture is extending from smartphones to cloud computing, servers, and AI infrastructure, bringing new growth opportunities for the company.

TradingKey - Apple (AAPL) will report its fourth-quarter fiscal 2026 financial results after the US market close on November 2.

TradingKey - Marvell Technology (MRVL) announced an all-stock acquisition of data center optics manufacturer Lumentum (LITE), with a transaction enterprise value of approximately $115 billion and an equity value of about $102.5 billion. If successfully completed, this will become one of the largest M&A transactions since 2026 and set a record as the largest merger between public tech companies.

TradingKey - SpaceX (SPCX) shares rose over 3% in US pre-market trading on Monday, as market attention focused on founder Elon Musk's latest forecast regarding the prospects of space data centers.

TradingKey - Palantir (PLTR) will report its third-quarter 2026 financial results after the US market close on November 2.

TradingKey - Advanced Micro Devices (AMD) will release its third-quarter 2026 financial results after the US market close on November 3, Eastern Time, and host an earnings conference call at 5:00 p.m. ET on the same day.

TradingKey - Apple (AAPL) will report its fourth-quarter fiscal 2026 financial results after the US market close on November 2, Eastern Time, and host an earnings call at 5:00 p.m. ET. This is not only a critical window for the market to evaluate iPhone demand and profit margins, but also marks the first time John Ternus will host Apple's earnings call after taking over as chief executive officer.

TradingKey - Anthropic, the developer of Claude, filed an S-1 registration statement with the U.S. Securities and Exchange Commission on October 26, planning to list on the Nasdaq under the ticker symbol "ANT." The market expects the artificial intelligence company could reach a valuation of $1.5 trillion to $2 trillion and raise up to approximately $100 billion, potentially making it one of the largest IPOs globally.