Welcome Back,

Market Headlines 👀 

• US Federal Home Loan Bank calls for new limits after banking crisis earlier this year.

• US Federal Reserve speakers Kashkari and Golsbee continue to state they are focused on bringing inflation down to 2%.

• Apple (AAPL) delays working on next years iPhone, to focus on fixing current software and code.

• OpenAi announces app like store to allow consumers to build their own custom apps and plugins.

• Meta, Apple (META, AAPL) faces potential regulatory risks with increased scrutiny around non-traditional payment platforms.

• Microsoft (MSFT) had remarks for Microsoft features using OpenAi for developers on Monday.

• Lucid Motors (LCID) announces they will adhere to the NACS Tesla charging standards, making the Tesla charging network available for customers by 2025.

• WeWork (WE) officially files for bankruptcy.

• Reserve Bank of Australia announced a 25bps rate hike.

Earnings 💸

• Datadog (DDOG)

  • EPS: $0.45 beats (exp. $0.34)

  • Revenue: $547.5m beats (exp. $525m)

• Uber (UBER)

  • EPS: $0.10 beats (exp. $0.07)

  • Revenue: $9.3b misses (exp. $9.54b)

• Celsius (CELH)

  • EPS: $0.89 beats (exp. $0.46)

  • Revenue: $384.8m beats (exp. $349m)

• Lucid Motors (LCID)

  • EPS: $-0.28

  • Revenue: $137.8m misses (exp. $177.5m)

• Rivn (RIVN)

  • EPS: $-1.19 beats (exp. $-1.32)

  • Revenue: $1.34b beats (exp. $1.31b)

• Upstart (UPST)

  • EPS: $-0.05 misses (exp. $-0.02)

  • Revenue: $135m misses (exp. $157m)

Recap Around the Street 🧠

Most of the anticipated job cuts are coming from cyclicals and financials as opposed to more defensive industries such as health care.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Election years tend to be positive for stocks as investors anticipate politicians pulling out all the stops to maintain economic momentum. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D).

Market Preview 🎞️

• Wednesday, November 8th: MBA mortgage applications

• Wednesday earnings: Roblox (RBLX), Amc Entertainment (AMC), Walt Disney (DIS), Digital Turbine (APPS) and Twilio (TWLO)

• Thursday, November 9th: Weekly jobless claims

• Thursday earnings: The Trade Desk (TTD), Unity technologies (U), Fiverr International (FVRR),and Wynn Resorts (WYNN)

• Friday, November 10th: University of Michigan sentiment

• —> Podcast spotlight: Pounding the Table 👊 : listen now; where you will find in-depth analysis around these highlights, read company deep dives, and interviews with public CEO's!

Enjoy reading?👇

That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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