^{_{Welcome to the TraderTV Live Morning Research Note. Here's what's making major moves in the market today.}}

0930 - Fed’s Logan speaks
0945 - Chicago PMI for October: Expected 42; Prior 40.6
1200 - Fed’s Hammack speaks
1200 - Fed’s Bostic speaks

Amazon.com Inc (AMZN)

+12.74%

Gapping up following its Q3 2025 earnings report, with net sales of $180.17 billion and earnings of $1.95 per share exceeding expectations of $177.82 billion and $1.58, respectively. Amazon Web Services (AWS) revenue reached $33.01 billion, marking 20% year-over-year growth and the fastest growth for the segment since 2022. Amazon guided net sales between $206 billion and $213 billion for Q4 2025, compared to estimates of $208.45 billion, and projected Q4 net income between $21 billion and $26 billion, compared to $21.2 billion reported in Q4 2024.

Apple Inc (AAPL)

+1.25%

The company reported revenue of $102.47 billion and earnings of $1.85 per share for fiscal Q4 2025, surpassing estimates of $102.19 billion and $1.77, respectively. iPhone revenue was reported at $49.03 billion, up 6.1% year-over-year but below estimates of $50.1 billion. Greater China revenue fell by 4% on a year-over-year basis to $14.49 billion, below estimates of $16.43 billion. Apple guided 10% to 12% year-over-year growth for Q1 2026, with iPhone revenue projected to grow by double digits during the same period.

NVIDIA Corp (NVDA)

+1.90%

Trading higher premarket after announcing a deal to supply over 260,000 AI chips to the South Korean government and major corporations including Samsung, Hyundai, and SK Group to build the country’s AI infrastructure. The agreement, revealed at the APEC summit in Gyeongju, will see Nvidia’s chips power smart factories and research initiatives, marking a major step in South Korea’s push to become a global AI manufacturing hub. Additionally, CEO Jensen Huang stated that the company’s highly-anticipated Rubin GPU is slated to enter production in H2 26, as reported by Reuters.

Reddit Inc (RDDT)

+10.25%

Gapping up after its Q3 2025 earnings report, with earnings of $0.80 per share and sales of $585 million beating estimates of $0.52 and $545.712 million, respectively. Daily Active Uniques (DAUq) grew by 19% year-over-year, ad revenue grew by 74%, and gross margin improved by 90 basis points to reach 91%. The company guided revenue between $655 million and $665 million for Q4 2025, above estimates of $638 million, and projected better-than-expected adjusted EBITDA for the same period.

Coinbase Global, Strategy Inc, and Riot Platforms

+3.14%

All three of these crypto-related companies reported earnings after the bell on Thursday. Coinbase posted adjusted earnings of $1.44 per share and sales of $1.869 billion, beating estimates for both metrics, though trading volume of $295 billion fell short of the expected $310.02 billion. Strategy reported better-than-expected sales of $128.7 million and announced that it has achieved a year-to-date Bitcoin yield of 26%; additionally, the company’s guidance for FY25 assumes that Bitcoin will end the year around the $150,000 level. Riot Platforms, meanwhile, posted earnings of $0.26 per share and sales of $180.2 million, surpassing estimates of $0.21 and $172.6 million, respectively.

COIN, MSTR, RIOT

Netflix Inc (NFLX)

+2.20%

Trading higher premarket after announcing a one-for-ten stock split, effective November 17, 2025. On November 14, shareholders of record as of November 10 will receive an extra nine shares for every one share held. Netflix attributed the split to a desire to make the company’s common stock more accessible to employees who partake in their stock option program. Separately, Reuters reported that Netflix is seriously considering a bid for Warner Brothers Discovery, even hiring the investment bank that advised Skydance Media ahead of its Paramount Global deal.

Intel Corp (INTC)

+1.47%

Trading higher premarket after Bloomberg reported that the company is in early talks to acquire AI chipmaker SambaNova Systems, which is exploring potential buyers with the help of bankers. The deal, likely valuing SambaNova below its $5 billion 2021 valuation, could strengthen Intel’s AI ambitions after its previous attempts to challenge Nvidia in the AI GPU market fell short.

Meta Platforms Inc (META)

+1.44%

The company plans to raise up to $30 billion in its largest-ever bond offering to help fund massive investments in artificial intelligence infrastructure. The six-part bond sale, with maturities from five to 40 years, comes as Meta signals that its capital spending in 2026 will be significantly higher than in 2025. This sale was reported earlier this week and confirmed by Meta via a filing after the close on Thursday.

Roku Inc (ROKU)

-4.03%

Trading sharply lower premarket following its Q3 2025 earnings report. The company posted earnings of $0.16 per share and sales of $1.211 billion, exceeding estimates of $0.09 and $1.206 billion, respectively. Platform revenue grew by 17% year-over-year, while streaming hours increased by 4.5 billion to reach 36.5 billion. The company guided Q4 revenue of approximately $1.35 billion, above estimates of $1.324 billion, with its FY25 revenue outlook of $4.69 billion also exceeding estimates of $4.661 billion.

Rocket Companies Inc (RKT)

+7.76%

Gapping up after its Q3 2025 earnings report, with adjusted EPS of $0.07 and sales of $1.783 billion beating estimates of $0.05 and $1.668 billion, respectively. Net mortgage rate lock volume grew by 20% year-over-year, closed mortgage loan origination volume improved by 14%, and gain on sale market increased by 0.2 basis points. The company guided Q4 sales between $2.1 billion and $2.3 billion, above estimates of $2.048 billion.

Western Digital Corp (WDC)

+8.98%

Gapping up following its Q1 2026 earnings report, with adjusted earnings of $1.78 per share and sales of $2.818 billion beating estimates of $1.58 and $2.725 billion, respectively. Revenue grew by 27% year-over-year, while adjusted EPS grew by 137%. The company reported non-GAAP gross margin at 43.9%, up 660 basis points on a year-over-year basis. Western Digital guided adjusted earnings between $1.73 and $2.03 per share for Q2, missing estimates of $1.71, though the midpoint of its quarterly sales guide exceeded expectations.

Dexcom Inc (DXCM)

-10.44%

Gapping down after its Q3 2025 earnings report. Adjusted earnings of $0.61 per share beat estimates of $0.67, while sales of $1.209 billion beat estimates of $1.179 billion. The company raised its FY25 sales guidance to $4.63 billion-$4.65 billion, above estimates of $4.626 billion.

Exxon Mobil and Chevron Corp

-0.77%

Both companies reported quarterly earnings before the bell on Friday. Exxon Mobil reported adjusted earnings of $1.88 per share, above estimates of $1.82, though sales of $85.294 billion fell short of the estimated $87.707 billion. The company projected FY25 cash capital expenditures “slightly below” the lower end of their $27 billion to $29 billion guidance range. Chevron, meanwhile, reported better-than-expected EPS and sales for the quarter, with cash flow from operations of $9.48 billion outpacing estimates of $8.43 billion. The company fell short of expectations for upstream earnings and liquids production, however.

XOM, CVX

Lumen Technologies Inc (LUMN)

-3.79%

Trading lower premarket after its Q3 2025 earnings report. Adjusted losses of $0.20 were narrower than the estimated $0.27-per-share loss, while sales of $3.087 billion beat estimates of $3.039 billion. The company recently announced a deal with Palantir valued at more than $200 million.

MultiSensor AI Holdings Inc (MSAI)

+40.19%

Gapping up after closing more than 30% higher to end Thursday’s session. On Friday, October 24, the company announced a $14 million private placement which was set to close on Monday, October 27. MultiSensor AI has a market capitalization of $45.64 million and a float of 23.85 million shares.