Market Overview - U.S. stocks experienced a decline, with the Dow Jones index falling over 450 points, down 0.98% to 46,848.97, NASDAQ down 1.82% to 23,073.21, and S&P 500 down 1.13% to 6,719.65 [1] - Energy shares increased by 0.9%, while consumer discretionary stocks fell by 2.4% [1] Company Earnings - ConocoPhillips reported third-quarter FY25 earnings of $1.7 billion, or $1.38 per share, down from $2.1 billion, or $1.76 per share, year-over-year. Adjusted EPS was $1.61, exceeding the consensus estimate of $1.44. The company also raised its fourth-quarter regular dividend by 8% to $0.84 per share [2] Commodities - Oil prices decreased by 1.1% to $58.96, gold fell by 0.4% to $3,977.70, silver dropped 1.2% to $47.450, and copper declined by 0.6% to $4.9580 [5] European Markets - European shares were lower, with the eurozone's STOXX 600 down 0.70%, while Spain's IBEX 35 Index rose 0.12%. Other indices like London's FTSE 100, Germany's DAX 40, and France's CAC 40 saw declines of 0.42%, 1.31%, and 1.36% respectively [6] Asian Markets - Asian markets closed mostly higher, with Japan's Nikkei 225 up 1.34%, Hong Kong's Hang Seng gaining 2.12%, and China's Shanghai Composite increasing by 0.97%. India's BSE Sensex fell by 0.18% [7] Notable Stock Movements - Golden Entertainment, Inc. shares surged 35% to $28.69 following an acquisition announcement at $30/share. Forge Global Holdings, Inc. shares rose 68% to $44.00 after an acquisition agreement with Charles Schwab. Stagwell Inc. shares increased by 20% to $5.75 after better-than-expected financial results [8] - Conversely, American Superconductor Corporation shares dropped 36% to $38.01 despite beating earnings estimates but missing revenue expectations. ACV Auctions Inc. shares fell 38% to $5.03 after cutting full-year sales guidance, and Aspen Aerogels, Inc. shares decreased by 44% to $4.1850 after lowering earnings and sales guidance [8] Employment Data - U.S.-based employers announced 153,074 job cuts in October, a significant increase from 54,064 in the previous month [10]

Core Viewpoint - Evergy, Inc. (EVRG) is expected to report its third-quarter 2025 results on November 6, with a prior earnings surprise of 7.89% in the last quarter [1] Factors Impacting Q3 Earnings - Ongoing investments in infrastructure and technology are likely to support Evergy's third-quarter earnings, addressing increasing customer demand [2] - Economic development within service areas is anticipated to lead to stronger demand, particularly from data centers [2] - The rise in demand from residential, commercial, and industrial customers is expected to positively influence earnings, although higher operating and maintenance expenses may negatively impact the bottom line [3] Q3 Expectations - The Zacks Consensus Estimate for earnings is projected at $2.14 per share, reflecting a year-over-year increase of 5.9% [4] - Revenue estimates stand at $1.87 billion, indicating a 3.4% increase from the previous year [4] Earnings Prediction Model - The current Earnings ESP for Evergy is 0.00%, indicating that the model does not predict an earnings beat this time [5] - Evergy holds a Zacks Rank of 2 (Buy), which typically suggests a favorable outlook [6] Comparable Stocks - Atmos Energy Corporation (ATO) is expected to report its fourth-quarter fiscal 2025 results on November 5, with an Earnings ESP of +4.85% and a Zacks Rank of 2 [7] - Duke Energy (DUK) is scheduled to report its third-quarter 2025 results on November 7, with an Earnings ESP of +1.63% and a Zacks Rank of 2 [10] - New Jersey Resources Corporation (NJR) is set to report its fourth-quarter fiscal 2025 results on November 19, with an Earnings ESP of +8.51% and a Zacks Rank of 3 [11]

Core Viewpoint - Intercontinental Exchange (ICE.US) is expected to report its Q3 2025 earnings on October 30, with projected revenue of $2.414 billion, reflecting a year-over-year increase of 2.76%, and an expected earnings per share (EPS) of $1.285, which represents a 12.69% increase compared to the previous year [1]. Group 1: Stock Performance - ICE's stock price increased by 2.57% in pre-market trading, reaching $154.49 [1]. - The closing price on October 29 was $150.62, with a previous day's closing price of $157.27 [1]. - The stock has a 52-week high of $188.822 and a low of $141.116 [1]. Group 2: Financial Metrics - The average price of ICE's stock was $151.564, with a market capitalization of $86.218 billion [1]. - The price-to-earnings (P/E) ratio is 31.51, and the price-to-book (P/B) ratio is 3.031 [1]. - The dividend yield is 1.230%, with a trailing twelve months (TTM) dividend of $1.860 [1].

Core Insights - Microsoft reported Q1 FY2026 earnings with revenue of $77.7 billion, representing an 18% year-over-year growth [1] - Operating income reached $38 billion, showing a 24% increase compared to the previous year [1] - GAAP net income was $27.7 billion, reflecting a 12% year-over-year growth [1]

Core Insights - Etsy announced its third-quarter results and a significant leadership change, with Josh Silverman stepping down as CEO and Kruti Goyal taking over [1][4] - Despite better-than-expected Q3 earnings, the stock fell 12.6% due to negative investor sentiment regarding leadership changes and other bearish factors [2][8] Financial Performance - Etsy reported earnings per share (EPS) of $0.63 on sales of $678 million, surpassing analyst expectations of $0.53 EPS on revenue of $655.3 million [5] - Year-over-year sales increased by 2.4%, and EPS rose by 40% compared to the previous year [5] - Gross merchandise sales (GMS) declined by 6.5% year over year, although it exceeded expectations [6] User Metrics - Active sellers on the platform decreased by 0.2%, while active buyers fell by 3.7% [6] - The decline in active users raises concerns about the platform's growth potential [8] Future Guidance - For the current quarter, Etsy projects GMS between $3.5 billion and $3.6 billion, down from $3.7 billion in the same quarter last year [7] - The guidance may have disappointed investors, especially following the recent integration with OpenAI's ChatGPT for instant purchasing [7]

Core Insights - Garmin (GRMN) is set to report its third-quarter 2025 results on October 29, with earnings estimated at $1.98 per share, reflecting a year-over-year decrease of 0.5% [1][10] - The Zacks Consensus Estimate for Garmin's revenues in the third quarter of 2025 is $1.79 billion, indicating a year-over-year growth of 12.8% [2][10] - Garmin has exceeded the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 17.21% [1] Revenue Segments - The Fitness segment is expected to generate revenues of $585 million, representing a year-over-year growth of 26.1%, driven by strong demand for advanced wearables and new wellness products [5][4] - The Outdoor segment's revenues are estimated at $559.9 million, showing a growth of 6.3% year-over-year, supported by strong momentum in wearables and new product launches [7][6] - The Marine segment is projected to achieve revenues of $229.6 million, up 3.3% from the previous year, bolstered by new product launches and the acquisition of Lumishore [9][8] - The Aviation segment's revenues are expected to reach $213.5 million, indicating a year-over-year growth of 4.3%, driven by increased demand in private air travel and new product features [11][10] - The Auto OEM segment is estimated to generate revenues of $178.7 million, reflecting a 5.9% year-over-year growth, attributed to increased shipments to BMW [12] Growth Drivers - Garmin's expanding product portfolio and collaborations, such as the integration with Google Maps, are anticipated to drive top-line growth across various segments [3][4] - Recent product launches, including the Venu 4 smartwatch and various advanced wearables, are expected to enhance revenue performance in the Fitness and Outdoor segments [6][4]

Core Viewpoint - Micron Technology (MU.US) is set to release its Q4 FY2025 earnings report, with market expectations indicating significant revenue and profit growth [1] Financial Performance - Expected revenue for Q4 FY2025 is $11.223 billion, representing a year-over-year increase of approximately 45% [1] - Anticipated net profit is $2.82 billion, reflecting a more than 200% year-over-year growth [1] Analyst Ratings - Several major investment banks have raised their target prices for Micron Technology ahead of the earnings report - Morgan Stanley increased its target price from $135 to $160 while maintaining a "Hold" rating [1] - Stifel raised its target price from $145 to $173 [1]

Market Performance - The three major U.S. stock indices rose collectively, with the S&P 500 index reaching a new closing high. The Dow Jones increased by 0.77% to 45,621.29 points, the Nasdaq rose by 0.98% to 21,707.69 points, and the S&P 500 gained 0.83% to close at 6,502.08 points [1][3]. Federal Reserve Insights - New York Fed President John Williams indicated that the policy interest rate will gradually decrease over time, although he did not specify a timeline for rate adjustments. He mentioned that if progress continues as per his baseline forecast, it would be appropriate to adjust rates to a more neutral level [1][5]. - According to CME's "FedWatch," the probability of the Federal Reserve maintaining interest rates in September is 0.6%, while the probability of a 25 basis point cut is 99.4% [5]. Corporate Earnings Reports - Lululemon reported Q2 net revenue of $2.53 billion, slightly below the expected $2.54 billion, and an EPS of $3.10, exceeding the forecast of $2.87. However, the company lowered its full-year EPS guidance, leading to a post-market drop of over 15% [7]. - Broadcom's Q3 adjusted EPS was $1.69, above the expected $1.67, with net revenue of $15.95 billion, surpassing the forecast of $15.84 billion. The company also projected Q4 revenue of approximately $17.4 billion, exceeding analyst expectations, resulting in a post-market increase of over 4% [9]. Trade Policy Developments - President Trump signed an executive order to implement a U.S.-Japan trade agreement, which includes a 15% baseline tariff on nearly all Japanese imports entering the U.S. The agreement also specifies that Japan will provide significant market access for U.S. manufacturers and increase purchases of U.S. agricultural products by $8 billion annually [12].

Group 1 - The company's operating revenue for the first half of 2025 is 604 million yuan, a year-on-year decrease of 12.10% [1] - The net profit for the same period is 64.9472 million yuan, showing a significant year-on-year increase of 1,099.05% [1] - The board of directors has approved a profit distribution plan, proposing a cash dividend of 3 yuan per 10 shares (including tax) to all shareholders, with no bonus shares issued [1]

Core Insights - AbbVie is set to release its earnings report on July 31, 2025, with current consensus estimates projecting earnings of $2.91 per share on sales of $15.03 billion, compared to $2.65 per share on sales of $14.46 billion in the same quarter last year [3][4] Historical Performance - Over the past five years, AbbVie has experienced a negative one-day return following earnings announcements in 65% of instances, with a median decline of -1.3% and a maximum drop of -7.3% [3][7] - There have been 20 earnings data points recorded over the last five years, with 7 positive and 13 negative one-day returns, resulting in positive returns approximately 35% of the time; this percentage decreases to 17% when considering the last 3 years [7] Financial Metrics - AbbVie currently has a market capitalization of $333 billion, with $57 billion in revenue, $13 billion in operating profits, and a net income of $4.2 billion over the last twelve months [4] Trading Strategies - Traders can analyze historical probabilities and take positions before earnings releases, as well as examine correlations between immediate and medium-term returns post-earnings to adjust positions accordingly [6][8]