• Market recap: The Nasdaq tumbled upwards of 3% intraday on Friday, closing down 2.9% for its worst day since June. The S&P 500 and Dow were dragged down over 1%. In October, the Nasdaq fell 5.3% for its steepest monthly decline in 1.5 years. Sources: StockAnalysis.com / CNBC.
• Marvell purchases Lumentum in $115B deal: Marvell (MRVL) agreed to buy optical components manufacturer Lumentum (LITE) in an all-stock transaction valued at $115B, including debt. Marvell gained 2% premarket, with Lumentum down 4%. Source: Reuters.
• SpaceX explores Boost Mobile acquisition: SpaceX (SPCX) is reportedly in talks with EchoStar (ECHO) to acquire Boost Mobile or access its network, suggesting entry into the $235B U.S. wireless market. EchoStar climbed 6% premarket, with SpaceX up 2%. Verizon (VZ), AT&T (T), and T-Mobile (TMUS) fell 1–2% premarket. Source: WaPo.
• Tech stocks plunge: Intel (INTC) cratered 29% for its worst day since the 1970s, with AMD (AMD), SanDisk (SNDK), and Dell (DELL) down more than 10%. Sources: CNBC / Reuters / CNBC.
• Estée Lauder raises outlook: Estée Lauder (EL) reported Q1 EPS of $0.64, beating estimates of $0.51, as revenue rose 7% to $3.7B. Strong perfume sales prompted higher annual organic growth guidance of 4–5.5%, sending shares up 2.6% premarket. Source: Bloomberg.
• Fox's profits surge: Fox News (FOXA) reported Q1 adjusted EPS of $2.54, beating estimates of $2.08, as revenue rose 22% to $4.57B. Advertising sales jumped 47%, fueled by the World Cup, political campaigns, and Tubi. Shares gained 3.5% premarket. Source: WSJ.

• WSJ prevails in court battle: A federal judge dismissed President Trump's $20B defamation lawsuit against the Wall Street Journal (NWSA) over its reporting on an alleged Jeffrey Epstein birthday letter, finding insufficient evidence of malice. Source: CNN.
• Drone startup falters: Powerus (PUSA), a drone firm backed by Donald Trump Jr. and Eric Trump, has fallen 45% YTD amid scrutiny of its political ties and rapid growth. Source: WSJ.
• Tungsten miner plans $2B listing: Kaz Resources plans a direct U.S. listing in 2027, targeting a $2B valuation. Donald Trump Jr. and Eric Trump each have stakes in the company, whose Kazakhstan mine could supply 15% of global tungsten output. Source: WSJ.

• Wage growth trails inflation: U.S. employment costs rose 3.4% annually in Q3 but fell 0.4% after inflation was factored in, marking a 2nd straight quarterly decline in real compensation. Annual wage growth slowed to 3.1%, its weakest gain since 2021. The poor showing may squeeze household purchasing power. Source: Bloomberg.
• Oil dips below $100: Oil prices fell below $100 per barrel this morning on renewed prospects of a peace deal between Iran and the United States. Source: CNBC.
• Korean exports surge on AI chip demand: South Korean exports jumped 93.7% YoY to $115.28B in October, beating forecasts, as semiconductor shipments more than tripled. A $42.5B trade surplus brought annual exports closer to the $1T milestone. Source: WSJ.
• Chinese economic activity contracts: China's manufacturing PMI fell to 49.3 in October, missing forecasts of 49.8 and moving into contraction. Source: WSJ.

• Bulgaria chooses pro-Russian president: Iliana Yotova secured a decisive victory in Bulgaria's presidential runoff, becoming the nation's first elected female president. She is backed by a Moscow-friendly party and defeated a pro-Western candidate. Source: AP.
• U.S.A. prepares to vote: Midterm elections for the House and Senate are tomorrow. If you are registered to vote in the U.S., you can find your polling location here. Source: Vote.org.
• White House racks up court losses: Judges tossed out the Trump Administration's efforts to block or delay election certification in Alaska, impound ballots in California, and threaten local elections officials. Sources: NPR / NY Times / Politico.
• Michigan Dem backs GOP: Rep. Haley Stevens, Democrat of Michigan, withdrew her endorsement of fellow Dem Abdul El-Sayed and lent her support to Republican Mike Rogers mere days before the midterms. The reversal sparked party backlash and staff resignations. Source: WSJ.
• ICE officer charged over assault: A grand jury in Texas indicted an ICE officer for allegedly striking a fleeing immigrant with his SUV. The victim survived. Source: Axios.
• Private jet crashes in FL: A Learjet (TSX:BBD.B) plane plunged onto a highway near Palm Beach, FL, on Sunday, killing all 9 people aboard. No ground injuries were reported, but 600 residents were evacuated. Source: BBC.

• 10:00 AM: ISM Manufacturing PMI & ISM Manufacturing Employment
• Tuesday: Midterm Elections, JOLTs Job Openings
• Wednesday: ISM Services PMI
• Friday: Non Farm Payrolls, Unemployment Rate, Michigan Consumer Sentiment Prelim.

General Dynamics (GD) has released its quarterly earnings.

• Revenue of $14.57B (+12.85% YoY) beats by $846.95M.
• EPS of $4.49 (+15.72% YoY) beats by $0.36.
• Financials · As Reported · Metrics · Press Release

Regeneron Pharmaceuticals (REGN) has released its quarterly earnings.

• Revenue of $5.12B (+36.28% YoY) beats by $556.45M.
• EPS of $20.07 (+69.65% YoY) beats by $4.32.
• Financials · As Reported · Metrics · Press Release

Canadian National Railway (CNI) has released its quarterly earnings.

• Revenue of $3.41B (+12.69% YoY) beats by $139M.
• EPS of $1.54 (+15.79% YoY) beats by $0.05.
• Financials · As Reported · Metrics · Press Release

Imperial Oil (IMO) has released its quarterly earnings.

• Revenue of $11.58B (+32.31% YoY) misses by $3.86B.
• EPS of $3.65 (+131.01% YoY) beats by $0.22.
• Financials · As Reported · Metrics · Press Release

NatWest Group (NWG) has released its quarterly earnings.

• Revenue of $5.34B (+7.10% YoY) misses by $810M.
• EPS of $0.44 (-4.35% YoY) misses by $0.07.
• Financials · As Reported · Metrics · Press Release

Cboe Global Markets (CBOE) has released its quarterly earnings.

• Revenue of $712.20M (+17.62% YoY) beats by $6.94M.
• EPS of $3.63 (+35.96% YoY) beats by $0.20.
• Financials · As Reported · Metrics · Press Release

Cameco (CCJ) has released its quarterly earnings.

• Revenue of $442.34M (-0.98% YoY) misses by $52.60M.
• Financials · As Reported · Metrics · Press Release

Church & Dwight Co. (CHD) has released its quarterly earnings.

• Revenue of $1.60B (+1.07% YoY) beats by $21.77M.
• EPS of $0.92 (+13.58% YoY) beats by $0.02.
• Financials · As Reported · Metrics · Press Release

LyondellBasell Industries (LYB) has released its quarterly earnings.

• Revenue of $8.50B (+9.99% YoY) misses by $305.30M.
• EPS of $2.54 (+151.49% YoY) misses by $0.05.
• Financials · As Reported · Metrics · Press Release

nVent Electric (NVT) has released its quarterly earnings.

• Revenue of $1.52B (+43.74% YoY) beats by $79.76M.
• EPS of $1.52 (+67.03% YoY) beats by $0.12.
• Financials · As Reported · Metrics · Press Release

Marriott International (MAR) has released its quarterly earnings.

• Revenue of $7.01B (+7.95% YoY) beats by $59.77M.
• EPS of $3.02 (+22.27% YoY) beats by $0.17.
• Financials · As Reported · Metrics · Press Release

Lumentum Holdings (LITE) has released its quarterly earnings.

• Revenue of $1.26B (+136.61% YoY) beats by $9.46M.
• EPS of $4.57 (+315.45% YoY) beats by $0.43.
• Financials · As Reported · Metrics · Press Release

Entergy (ETR) has released its quarterly earnings.

• Revenue of $4.37B (+14.51% YoY) beats by $214.38M.
• EPS of $1.98 (+29.41% YoY) beats by $0.28.
• Financials · As Reported · Metrics · Press Release

IDEXX Laboratories (IDXX) has released its quarterly earnings.

• Revenue of $1.21B (+9.86% YoY) beats by $22.09M.
• EPS of $4.01 (+17.94% YoY) beats by $0.30.
• Financials · As Reported · Metrics · Press Release

The Estée Lauder Companies (EL) has released its quarterly earnings.

• Revenue of $3.72B (+6.72% YoY) beats by $62.30M.
• EPS of $0.72 (+125.00% YoY) beats by $0.21.
• Financials · As Reported · Metrics · Press Release

Public Service Enterprise Group (PEG) has released its quarterly earnings.

• Revenue of $3.02B (-6.39% YoY) misses by $242.08M.
• EPS of $1.15 (+1.77% YoY) misses by $0.05.
• Financials · As Reported · Metrics · Press Release

Ryanair Holdings (RYAAY) has released its quarterly earnings.

• Revenue of $6.56B (+4.00% YoY) beats by $88M.
• EPS of $3.54 (-4.32% YoY) beats by $0.05.
• Financials · As Reported · Metrics · Press Release

Fox Corporation (FOXA) has released its quarterly earnings.

• Revenue of $4.57B (+22.28% YoY) beats by $291.75M.
• EPS of $2.54 (+68.21% YoY) beats by $0.52.
• Financials · As Reported · Metrics · Press Release

Apple (AAPL) will report today after close.

• Analysts estimate revenue of $113.20B (+10.48% YoY).
• EPS is estimated to be $1.98 (+7.03% YoY).
• Financials · As Reported · Metrics

Sunoco LP (SUN) will report tomorrow before market open.

• Analysts estimate revenue of $14.43B (+139.16% YoY).
• EPS is estimated to be $2.85 (+345.31% YoY).
• Financials · As Reported · Metrics

SM Energy Company (SM) will report tomorrow after market close.

• Analysts estimate revenue of $2.03B (+150.26% YoY).
• EPS is estimated to be $1.99 (+49.62% YoY).
• Financials · As Reported · Metrics

Henry Schein (HSIC) will report tomorrow before market open.

• Analysts estimate revenue of $3.47B (+4.07% YoY).
• EPS is estimated to be $1.35 (-2.17% YoY).
• Financials · As Reported · Metrics

Suncor Energy (SU) will report tomorrow after market close.

• Analysts estimate revenue of $10.71B (+16.41% YoY).
• EPS is estimated to be $2.35 (+119.63% YoY).
• Financials · As Reported · Metrics

Emerson Electric (EMR) will report Wednesday.

• Analysts estimate revenue of $5.12B (+5.42% YoY).
• EPS is estimated to be $1.85 (+14.20% YoY).
• Financials · As Reported · Metrics

Cloudflare (NET) will report Thursday.

• Analysts estimate revenue of $737.30M (+31.19% YoY).
• EPS is estimated to be $0.28 (+3.70% YoY).
• Financials · As Reported · Metrics

Duke Energy (DUK) will report Thursday.

• Analysts estimate revenue of $8.96B (+4.87% YoY).
• EPS is estimated to be $1.86 (+2.76% YoY).
• Financials · As Reported · Metrics

Airbnb (ABNB) will report Thursday.

• Analysts estimate revenue of $4.75B (+15.98% YoY).
• EPS is estimated to be $2.86 (+29.41% YoY).
• Financials · As Reported · Metrics

Monster Beverage (MNST) will report Thursday.

• Analysts estimate revenue of $2.49B (+13.40% YoY).
• EPS is estimated to be $0.30 (+7.14% YoY).
• Financials · As Reported · Metrics

• There are no remaining IPOs expected this week. To see all upcoming IPOs, check out our IPO calendar.