Good morning.
The Fast Five → A Democratic sweep may not move stocks much, tech companies rummage for cash to fund the AI buildout, Meta raises $15B in five-part US bond sale, CVS to break into two companies, and Bill Ackman warns of ‘casino’ stock market as speculative trading grows…
🚨 This company could be the Nvidia of 2027 →
(from Chaikin Analytics)
Calendar: Full Calendar »
Today:
ISM Services PMI, 10:00A
Tomorrow:
Unemployment Claims, 8:30A
Your 5-minute briefing for Wednesday, November 4:
BEFORE THE OPEN
As of market close 11/3/2026.
Pre-Market:
Market Wrap:
Futures: Dow -40 (-0.1%), S&P +0.3%, Nasdaq +0.5%
Tue: Dow -200+ (-0.5%), S&P +0.3%, Nasdaq nearly +1%
AMD surged after earnings beat expectations
AMD's data center revenue nearly doubled
Nvidia, Intel, and Micron gained after hours
Democrats favored to win House, possibly Senate
Election results could pressure AI-linked stocks
EARNINGS
Here’s what we’re watching: (*before the open)
Today: e.l.f. Beauty $ELF ( ▲ 0.74% ), *McDonald's $MCD ( ▼ 0.98% ), Uber $UBER ( ▼ 0.17% ), *Wayfair $W ( ▼ 1.61% )
"Perfect Storm" Worse Than 2008
Prominent financial analysts are now predicting a "perfect storm" for the stock market that will rival 2008.
But 60-year Wall Street legend Marc Chaikin is calling for a totally different kind of shock.
Marc calls it an "AI Demand Shock" –
…and it's responsible for recent moves on Broadcom, up 904%... Palantir, up 3,035%... And Powell Industries, up as much as 3,427%.
- A sponsored message from Chaikin Analytics -
HEADLINES
Every midterm outcome under a Republican president has left the S&P 500 about 15% higher a year later.
Meta is prepping a big bond offering that includes its first-ever euro borrowing for up to $15 billion, while Alphabet closed its second euro deal of the year, among others.
Dow slips, S&P, Nasdaq gain as AI heavyweights rebound ahead of midterms (more)
Stocks erase losses after Trump says US will end $4B funding to Israel (more)
Investors ready for possible shake-up as US awaits election results (more)
Treasury yields fall as investors crowd into bonds for safety (more)
Oil prices fall second day as market hopes for diplomatic resolution to war (more)
Micron, Nvidia, and AMD lead chip stocks rebound (more)
CVS stock climbs on report of a historic breakup (more)
Apple shares slide as Ternus sounds alarm on memory costs (more)
AMD beats estimates on near-doubling of data center revenues (more)
Shopify tanks as Q3 revenue misses estimates for first time since 2022 (more)
Meta raises $15B in five-part US bond sale to fund AI expansion (more)
Anthropic swings to operating loss as $895B compute bill looms over IPO (more)
CrowdStrike’s new kill switch can stop rogue AI agents in their tracks (more)
Bill Ackman warns of ‘casino’ stock market as speculative trading grows (more)
DEALFLOW
M+A | Investments
CVR Energy to buy two Marathon refineries, marketing business for $4.2B
Shell to sell North West Shelf stake to XRG for $1.45B
Salesforce signs to acquire AI voice-agent maker Cresta
Lonza to acquire five US CDMO sites from Merck KGaA
EQT buys Speedcast’s ground stations unit for $300M
Arity (Allstate) to acquire mobility data company Replica
KeyBanc agrees to buy Atlantic-Pacific Capital
Novel Financial receives investment from Crestview Partners
VC
Tutor Intelligence, a robotics research and deployment company, raised $75M in Series B funding
Trajectory, a developer of continuous post-training and alignment software for AI models, raised $45M in Series A funding
Corridian, a provider of autonomous underwater vehicles, raised $38M in Seed funding
Larridin, an AI value measurement and intelligence platform, raised $30M in Series A funding
Reflex, an open-source web framework and industrial software modernization platform, raised $15M in Series A funding
Guava, a platform for building voice agents, raised $12.5M in Seed funding
Journify, an ad signal infrastructure for performance marketers, raised $12M in Series A funding
Syncere, a platform for home robotics, raised $11M in Pre-Seed funding
Clark, a provider of AI for audit and assurance professionals, raised $11M in Seed funding
ShareWillow, an AI-powered performance-pay and field service incentive platform, raised $8.5M in Seed funding
Athena, an AI-native legal service platform for commercial real estate, raised $2.5M in Pre-Seed funding
Caravel Bio, a biomolecular engineering and protein design platform, received a $1.2M NSF Phase II grant
CRYPTO
BULLISH BITES
🧠 Everything you need to know ahead of Anthropic's IPO.
⚖️ The ethics rules behind Weil Gotshal’s ‘partner run’.
📊 Thinking of alternative investments? Here’s an easy way to start.
🎥 The Hollywood color nerd who shot Knives Out explains his viral camera app.
DAILY SHARES
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