Market Overview - U.S. stock markets are closed for Thanksgiving, with Dow Jones, S&P 500, and Nasdaq futures showing little change [1] - The stock market rally has seen a solid broad advance, with major indexes moving above their 50-day moving averages [1] Sector Performance - Leading stocks, particularly in the semiconductor, gold, and other metal sectors, have performed well [1] Notable Stocks - ASML, Pan American Silver, and Comstock Resources are highlighted as strong performers in the recent market action [2]

Group 1 - Institutional backing is crucial for stock performance, with large purchases by big money managers positively impacting share prices [1] - The IBD Screen Of The Day identified 29 stocks that mutual funds are currently buying, highlighting ASML Holding and Valaris as notable mentions [1] - Valaris received a Relative Strength Rating upgrade, indicating improved technical performance [2][4] Group 2 - Valaris stock rating has increased following a surge in earnings and share price [4] - ASML stock is nearing highs due to strong orders and a positive outlook for 2026 [4] - Taiwan Semiconductor Manufacturing Company (TSMC) is leading the chipmaking sector, contributing to a list of hot tech stocks [4]

Core Insights - ASML has launched a technical academy in Phoenix to train engineers for servicing its complex chipmaking machines [1] Company Summary - The new technical academy aims to enhance the skill set of engineers specifically for ASML's advanced chipmaking technology [1]

Market Performance - Major indexes experienced a pullback, with the Dow down 797 points (-1.65%), S&P 500 down 113 points (-1.66%), Nasdaq down 536 points (-2.29%), and Russell 2000 down 67 points (-2.77%) [1][7] - Despite the pullback, indexes remain up over the past five trading days and the past month, although the gains are narrowing [1] Federal Reserve Insights - Federal Reserve members are reconsidering further interest rate cuts due to a lack of new data on jobs and inflation, exacerbated by the government shutdown [2] - Minneapolis Fed President Neel Kashkari expressed opposition to the recent rate cut and emphasized the need for new economic data before supporting further cuts [3] - St. Louis Fed President Alberto Musalem called for caution in proceeding with rate cuts, indicating potential market volatility [3] Sector Rotation - There has been a rotation out of speculative AI stocks and some established tech firms, with Palantir (PLTR) dropping 6.5% and AngloGold Ashanti (AU) down 5.2% [4] - Traders are shifting towards value stocks that have been underperforming, such as Merck (MRK) which rose 1.6% and Berkshire Hathaway (BRK.B) which increased by 2% [4] Earnings Reports - Applied Materials (AMAT) reported fiscal Q4 earnings of $2.17 per share, exceeding estimates, with revenues of $6.80 billion also surpassing expectations, although the stock fell 2.5% in late trading due to lower revenue guidance for the next quarter [5] - Beazer Homes (BZH) reported fiscal Q4 earnings of $1.02 per share, significantly above the anticipated 80 cents, with revenues of $791.9 million exceeding expectations, though both figures showed a decline compared to the previous year [6]

Core Insights - ASML reported third-quarter 2025 results with slightly lower revenue but stronger-than-expected earnings, driven by robust demand for its Extreme Ultraviolet (EUV) lithography systems [1] - The company expects 2026 net sales to match or exceed 2025 levels, fueled by continued investment in artificial intelligence infrastructure [2] Financial Performance - ASML's third-quarter 2025 revenue fell slightly below Visible Alpha Consensus, while EBIT was approximately 2.5 billion euros, 2% above expectations [3] - The company booked 5.4 billion euros in orders for the third quarter, including 3.6 billion euros in EUV orders, significantly exceeding the forecast of 2.2 billion euros [3] Market Drivers - Key drivers supporting ASML's outlook include accelerating AI and EUV demand, normalization of China sales offset by strong AI-led growth elsewhere, and memory scaling to 4F² boosting EUV intensity [4] - Continued investment in AI infrastructure and growing EUV layer usage in Logic and DRAM are positive trends [5] Strategic Outlook - ASML anticipates a significant revenue decline from China due to normalization, but robust AI-related demand for EUV tools elsewhere will offset this headwind [6] - AI workloads are accelerating demand for advanced Logic and DRAM nodes, justifying faster adoption of newer, higher-cost nodes [7] Analyst Ratings and Forecasts - Goldman Sachs analyst Alexander Duval maintained a Buy rating on ASML and raised the price forecast from 935 euros to 1,050 euros [2][8] - Revenue and profit estimates for fiscal 2026–29 were raised by about 1%, reflecting strong Logic and Memory demand, partly offset by lower contributions from China [8] Stock Performance - ASML shares were trading higher by 0.86% to $1,018.12 at publication [9]

Group 1: Market Overview - US stock futures are rebounding as traders increase interest rate bets following comments from Fed Chair Powell, alongside a strong start to the corporate earnings season [1][4] - Gold prices have reached a new record of $4,200 per ounce, driven by geopolitical tensions and strong demand [2][21] - The Dow is expected to open about half a percent higher, with the S&P 500 up 0.75% and NASDAQ leading gains [5][4] Group 2: Bank Earnings - Morgan Stanley reported a 35% increase in trading revenue and a 44% boost in investment banking fees, while Bank of America saw a 43% increase in investment banking fees to $2 billion [2][7][9] - Bank of America also reported an 8% rise in client trading to $5.3 billion, indicating strong investor activity [8] - Both banks' strong earnings are attributed to a resurgence in deal-making and a record high rally in equity markets [11][34] Group 3: ASML Earnings - ASML reported strong demand driven by AI infrastructure spending, with bookings of approximately $6.3 billion for the quarter [3][14] - The company faces risks related to US export restrictions on chip sales to China, but it remains optimistic about future sales [3][15] - ASML's stock price increased over 4% in pre-market trading, reflecting positive market sentiment [13] Group 4: Trade Tensions - President Trump has threatened to end cooking oil purchases from China amid escalating trade tensions, which could impact US soybean exports [17][18] - China has not purchased any American soybeans recently, a significant drop from $12.8 billion worth last year [18][19] - The ongoing trade spat raises questions about the future of US-China trade talks and potential meetings between leaders [20] Group 5: Precious Metals Market - Gold has seen a 60% increase year-to-date, with predictions of reaching $5,000 by 2026 and possibly $10,000 by the end of the decade [22][24] - Silver prices have risen 75% year-to-date, driven by speculative inflows and a smaller market size compared to gold [26][27] - Goldman Sachs notes a supply crunch in the silver market, contributing to price increases [27] Group 6: Corporate Developments - Stellantis announced a $13 billion investment in the US, aiming to create over 5,000 jobs and increase domestic production by 50% [29] - Dollar Tree projected a compound annual growth rate of up to 15% in earnings per share over the next three years [30] - Papa John's shares rose following a reported bid from Apollo Global to take the company private at $64 per share, valuing it around $2 billion [32]

Market Overview - U.S. stock index futures indicate a higher open on October 15, 2025, driven by positive corporate earnings and optimism regarding potential Federal Reserve interest rate cuts [1] - Premarket trading shows upward trends across major indexes, with S&P 500 futures up approximately 0.5%, Nasdaq 100 futures gaining around 0.7%, and Dow Jones Industrial Average futures advancing by about 0.4% [2] - The broader market had a mixed performance yesterday, with the S&P 500 Index down 0.16%, Nasdaq Composite Index declining 0.76%, while the Dow Jones Industrial Average rose 0.44% [3] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell's remarks indicate that labor market concerns outweigh inflation worries, suggesting potential interest rate cuts later this month and in December [4] Corporate Earnings - ASML Holding reported robust Q3 2025 results with total net sales of €7.5 billion and net income of €2.1 billion, alongside a 105% increase in net bookings to €5.39 billion [5] - Major U.S. banks, including Bank of America, Morgan Stanley, and PNC Financial, are set to report earnings, with JPMorgan Chase having exceeded analyst expectations in Q3 [6] Geopolitical Tensions - Ongoing U.S.-China trade tensions are impacting market sentiment, with China imposing sanctions on U.S.-linked units of South Korean shipbuilder Hanwha Ocean [7] Technology Sector Developments - The technology sector is experiencing significant activity in AI, with Amazon planning layoffs to invest in AI, Intel launching a new AI chip, and Oracle launching its AI Factory [8] Commodities Market - Gold and silver prices have reached record highs due to safe-haven demand, while crude oil prices have declined, with Brent crude at $62.14 per barrel and WTI crude at $58.51 per barrel [9] Economic Outlook - The IMF projects a slowdown in global growth from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026, amid ongoing U.S. government shutdown affecting economic data releases [10] Premarket Movers - Smaller cap stocks like Greenwave Technology Solutions surged over 100%, with other companies like PMGC Holdings and Aqua Metals also seeing substantial gains [11]

ASML faces a potentially tricky earnings test, after the stock rallied 45% in little over a month on hopes that the accelerating buildout in AI infrastructure will drive chip equipment orders https://t.co/JUPvh24Glv ...

Market Performance - The Dow and S&P 500 reached record closing highs, while the Nasdaq experienced a decline [1] - The S&P 500 gained 0.47 points (0.01%) to close at 6,715.82 points, the Nasdaq Composite lost 63.19 points (0.28%) to 22,780.86, and the Dow Jones Industrial Average rose 242.00 points (0.52%) to 46,761.72 [4] Economic Indicators - The US government shutdown continued for a third day, with a survey indicating the services employment index contracted for the fourth consecutive month, reinforcing the case for potential interest rate cuts by the Federal Reserve [2][3] - The market's expectation for a Fed rate cut has increased since the shutdown began, influenced by weaker economic data [3] Company-Specific Developments - Shares of Applied Materials fell after the company forecasted a $600 million hit to fiscal 2026 revenue [1] - Tesla's shares also declined, while S&P 500 utilities saw gains [1] - USA Rare Earth shares rose following CEO Barbara Humpton's comments about close communication with the White House [6]

Market Performance - The NASDAQ index gained 197 points or 0.90% to reach 22339, with a high of 22340.91 [1] - The S&P index increased by 31 points or 0.47% to 6614.69, with an earlier high of 6619.62, indicating potential for a new record close [1] - The Dow industrial average declined by 48 points or -0.11% to 45787.66, with companies like Amgen, McDonald's, Sherwin-Williams, and 3M contributing to the downturn [2] - The small-cap Russell 2000 rose by 7.69 points or 0.32% to 2404.73 [2] Notable Stock Movements - Tesla surged by 6.45% following reports of Elon Musk purchasing about $1 billion in Tesla stock, indicating strong bullish momentum [3] - Chewy increased by 5.42% due to optimism for continued demand growth in online pet supplies [3] - ASML ADR rose by 5.37% driven by strong semiconductor sector momentum and robust chip equipment demand [3] - Western Digital gained 5.24% as memory chip recovery prospects improved [3] - Roblox climbed by 4.55% on sustained growth expectations in gaming and metaverse engagement [3] - Tapestry increased by 4.34% supported by strong consumer discretionary flows and luxury retail optimism [3] - Intel advanced by 4.05% due to chip sector strength and AI-related tailwinds [3] - Alphabet A rose by 3.65% on steady ad revenue momentum and AI growth prospects [3] - Oracle increased by 3.28% following upbeat sentiment around its cloud and AI-driven enterprise services [3] - GameStop Corp climbed by 3.07% as retail interest in meme-related stocks remains elevated [3] - Snowflake edged higher by 2.76% with continued confidence in data and AI-related demand [3] - Snap increased by 2.66% on improving advertising sentiment [3] - Stellantis NV ticked up by 2.64% supported by global auto demand and EV outlook [3] - CrowdStrike Holdings advanced by 2.31% on strong cybersecurity sector momentum [3]