Notes
QUICK MARKET SUMMARY:
Consumer
🔸 Carvana ( $CVNA) upgraded to Overweight at Morgan Stanley; PT raised to $280 from $260.
🔸 Cintas ( $CTAS) ended talks to buy UniFirst (UNF) for $275/share.
🔸 KB Home ( $KBH) Q1 miss: revenue down 5%, net income down 21%, lowers FY25 outlook; appoints Robert Dillard as CFO.
🔸 McCormick ( $MKC) Q1 EPS $0.60 (vs. $0.64 est.), reaffirms FY25 guidance.
🔸 Smithfield Foods sees higher annual sales and profit.
🔸 Tesla ( $TSLA) European market share down sharply; YTD sales -42.6%.
Energy, Industrials & Materials
🔸 American Electric ( $AEP) announces $2B stock offering.
🔸 Bunge ( $BG) selling European margarine business to Vandemoortele.
🔸 Canadian Solar ( $CSIQ) Q4 EPS loss (-$1.47) vs. (-$0.24) est.; record storage shipments.
🔸 Enerpac ( $EPAC) Q2 EPS $0.38 (vs. $0.40 est.), maintains guidance.
🔸 EOG Resources ( $EOG) downgraded to Neutral at Mizuho; PT cut to $140.
🔸 Oklo ( $OKLO) FY24 EPS loss (-$0.74); first Aurora deployment expected late 2027.
🔸 Parsons ( $PSN) approves $250M share buyback.
🔸 TechnipFMC ( $FTI) wins $500M–$1B EPC contract from Equinor.
Healthcare
🔸 Aura Biosciences ( $AURA) FY loss ($96M); cash runway into 2H26.
🔸 Beyond Air ( $XAIR) secures $2M for autism therapy development.
🔸 Merck ( $MRK) signs $200M licensing deal for Lp(a) inhibitor, potential $1.77B in milestones.
🔸 Neurogene ( $NGNE) FY loss ($82.6M); files $300M shelf offering; cash runway into 2H27.
Tech, Media & Telecom
🔸 Alibaba ( $BABA) to restart hiring; Chairman Tsai warns of potential AI bubble.
🔸 Cloudflare ( $NET) double-upgraded to Buy at BofA; PT raised to $160.
🔸 India plans to scrap 6% digital ad tax, easing pressure on U.S. tech firms.
🔸 Crown Castle ( $CCI) appoints interim CEO Daniel Schlanger; reaffirms guidance.
🔸 Volkswagen ( $cVOWGY) partners with Valeo and Mobileye for advanced driver-assistance systems.
币圈永远不缺机会，曾经卖飞了BNB、OKB，这轮死拿 $HTX ，逻辑很简单， @justinsuntron 孙哥敢拿13亿美金现金收购火币，咱就不敢以10亿估值抄底HTX？
目前 $BGB 和 $BG FDV都在30亿以上， $OKB 甚至还在120亿， $HTX 短期至少也可以先看个30亿。
币圈永远不缺机会，曾经卖飞了BNB、OKB，这轮死拿 $HTX ，逻辑很简单， @justinsuntron 孙哥敢拿13亿美金现金收购火币，咱就不敢以10亿估值抄底HTX？
目前 $BGB 和 $BG FDV都在30亿以上， $OKB 甚至还在120亿， $HTX 短期至少也可以先看个30亿。
币圈永远不缺机会，曾经卖飞了BNB、OKB，这轮死拿 $HTX ，逻辑很简单， @justinsuntron 孙哥敢拿13亿美金现金收购火币，咱就不敢以10亿估值抄底HTX？
目前 $BGB 和 $BG FDV都在30亿以上， $OKB 甚至还在120亿， $HTX 短期至少也可以先看个30亿。
MORNING RECAP
• $TSLA +8% pre-market on report of Trump's team prioritizing self-driving vehicle regulations.
• $BG approved $500M more for stock buybacks.
• $F faces recall investigation for 112,567 vehicles due to seat belt issues.
• $GIS prepares for mixed securities offering.
• $SAVE files for bankruptcy due to financial losses.
• $LBRT shares up as Chris Wright, its CEO and fracking advocate, is named Energy Secretary by Trump.
• Trump's efficiency drive to slash federal contractor rates, led by Vivek Ramaswamy and Elon Musk.
• Oil prices decline due to ample global supply and weak demand outlook from China.
• Manulife's CEO Roy Gori to retire in May 2025.
• $MARA plans to offer $700M in convertible notes.
• $HOODupgraded to Buy by Needham, target $40.
• Shift4 Payments to join S&P MidCap 400, replacing RCM, effective Nov 20. R1 RCM acquisition by TowerBrook and CD&R set for Nov 19.
• $BIIB downgraded to Hold by Needham with no expected upside in the next year.
• $CVS upgraded to Overweight by Wells Fargo, target price now $66.
• $CVS to add four new board members including Larry Robbins from Glenview Capital.
• $NVDA faces overheating issues with its Blackwell GPUs in server setups.
• $ALAB gets Buy rating from Citigroup with $120 target.
• $MPWR upgraded to Buy after stock drop.
• $SMCI aims to submit Nasdaq compliance plan.
• $WBD settles NBA lawsuit, extends partnership for 10+ years.