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Good morning!
U.S. equity futures fell on Thursday as investors assessed third-quarter earnings from major technology companies, including Meta Platforms and Tesla.
S&P 500 futures dropped 1.12%, Nasdaq-100 futures declined 1.87%, and Dow Jones futures slipped 0.70%, reversing some of Wall Street’s previous gains.
The S&P 500 had advanced for three consecutive sessions, while the Dow rose 360 points and the Nasdaq Composite gained 1%. Global markets weakened as oil prices climbed.
Meanwhile, Nvidia announced plans to expand global manufacturing capacity to meet rising AI demand. Investors now await earnings from P&G, Lockheed Martin, Valero Energy and Honeywell, alongside weekly U.S. jobless claims data.
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A Little-Known Copper Miner is Positioned to Do Big Things
Electrification and data center demand are pushing copper into the spotlight, and its value climbing in response. Not many mining companies are able to provide the quality of copper to meet these demands, but one company with a district-scale property in the Yukon can. It's going to have a big year and so will anyone who invests in it.
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🚀 PRE-MARKET MOVERS TOP GAINERS BEFORE THE BELL
Stak Inc (STAK)
+55.00%
stock soared to $1.55 in pre-market trading after announcing financial results for fiscal year 2026.
Bio-Key International Inc (NASDAQ: BKYI)
+35.71%
shares are trading up at $2.85 at the time of writing after announcing that a Middle East government institution selected BIO-Key to enhance access security and simplify employee authentication using its PortalGuard® platform and biometric technology.
QuantumScape Corp (QS)
+7.54%
grew to $4.28 in pre-market trading today after announcing a planned 100 megawatt-hour (MWh) capacity cell production line to meet demand for solid-state batteries from markets including AI data centers, aerospace and defense.
Snail Inc (SNAL)
+8.41%
jumped to $2.45 in pre-market trading Thursday on strong portfolio momentum, positive Steam reviews, upcoming game launches, and major event showcases.
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📣 ANALYST UPGRADES & DOWNGRADES FRESH WALL STREET CALLS
Jefferies turned bullish on Chagee Holdings Ltd (CHA)
BUY,
upgrading the stock and assigning a $15 price target, representing potential upside of 15.83% from Wednesday's close.
Clean Harbors Inc (CLH)
has won the favor of UBS's equity research team. The firm upgraded the shares from Neutral to
BUY
and moved its price target to $375, suggesting 17.46% additional upside for the stock.
Prologis, Inc. (PLD)
received an upgrade from analysts at Raymond James, who also set their one-year price target on the stock to $163. They changed their rating on PLD to
OUTPERFORM
from Mkt Perform in a recently issued research note.
TD Cowen reduced its rating on Chipotle Mexican Grill Inc (CMG)
stock to HOLD
from Buy and assigned the price target to $32.
RBC Capital Mkts analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Mobileye Global Inc (MBLY)
has been changed to UNDERPERFORM
from Sector Perform and the new price target is set at $5.
Analysts at Robert W. Baird downgraded Accenture Plc (ACN)
stock to NEUTRAL
from Outperform, and the new price target is set at $252.
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5 Stocks Built for a Strong Finish to 2026
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🔍 LATEST INSIDER ACTIVITY EXECUTIVE BUYS & SELLS
Applied Digital Corp (APLD)
BUY
— CEO; Chairman, Cummins Wes, declared the purchase of shares taking place on Oct 16 '26 at $18.04 for some 55803 shares. The transaction amount was around $1.01 million.
Nebius Group NV (NBIS)
BUY
— Director, Grimme Arne bought on Oct 21 '26 a total of 148 shares at $167.94 on average. The purchase cost the insider an estimated $24,855.
Snap Inc (SNAP)
SELL
— Chief Commercial Officer, Harris Ronan, announced the sale of shares taking place on Oct 16 '26 at $6.23 for some 42741 shares. The total came to more than $266,259.
MARA Holdings Inc (MARA)
SELL
— Chief Financial Officer, Khan Salman Hassan sold on Oct 19 '26 a total 16000 shares at $7.88 on average. The insider’s sale generated proceeds of almost $126,080.
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Undiscovered Sub – $1 Gold-Silver Royalty Stock Takes Flight
Gold and silver are in a powerful bull market – and one little-known sub – $1 royalty stock is entering its biggest growth phase yet. The company is already generating record revenue from producing gold and silver mines and has just announced the largest transaction in its history. Better still, a powerful strategic relationship provides direct access to a steady pipeline of deals across the global mining landscape. And the smart money is already paying attention.
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📊 EARNINGS TO WATCH TODAY
Top US earnings releases scheduled for today include Bloom Energy Corp (BE). It will announce its September 2026 financial results. The company is expected to report earnings of $0.67 per share from revenues of $1.07B in the three-month period.
Analysts expect Western Digital Corp (WDC) to report a net income (adjusted) of $4.1 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended September 2026 is predicted to come in at $4.15B.
Newmont Corporation (NEM), due to announce earnings after the market closes today, is expected to report earnings of $1.94 per share on revenues of $6.24B for the recently concluded three-month period.
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That's it for today. Thanks for reading. Good luck out there!
Best Regards,
Stocks Telegraph Team
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Disclaimer:
Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.
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