Vertex & Realty Income impress, Services data due, and moreâ¦
Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  [Breakfast News] Want to Receive Free Daily Insights? We get it â the stock market moves fast, and it can be hard to keep up. Thatâs why we created Breakfast News, your daily dose of expert market analysis, actionable tips, and Foolish fun, all delivered straight to your inbox every morning. Consider this a sneak peek at the kind of insights and updates you can expect, and what thousands of investors rely on every morning to stay ahead of the market. And the best part? Itâs completely free to receive every market day. The only catch? Todayâs email is just a preview; you have to opt in by clicking the button below to get these insights delivered daily â so youâre always prepared before the market opens. [Send me daily news for free!](~/AAQRxQA~/RgRpDLfZP0TbaHR0cHM6Ly93d3cuZm9vbC5jb20vbW1zL21hcmsvb3Atc2Etc28tYm4vP2xpZD00MHR1Y3FybHlyazcmdT0yMDQ2NjU1ODEzJnNvdXJjZT1pc2FibnNlbWwwMDAwMDA3Jm1haWxpbmdfaWQ9Y2JiMTM1OGItOWFlYS00ZTU1LTlhOTQtOTlhOTJhZTE4YTMyJm1haWxpbmdfbmFtZT1WYXJpYW50IDImdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPXNvJnV0bV9jYW1wYWlnbj1CTk9wdEluVwNzcGNCCmcS2TIqZ9FhRu5SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAAB-Q~~) NOVEMBER 5, 2024 Monday's Markets S&P 500 5,713 (-0.28%) â Nasdaq 18,180 (-0.33%) Dow 41,795 (-0.61%) â Bitcoin 67,188 (-2.86%) [Illustration of dogs in jester caps sitting at a table playing poker.] 1. Hiking Forecasts Earnings season rolls on, with more companies reporting yesterday. Vertex Pharmaceuticals ([NASDAQ:VRTX](~/AAQRxQA~/RgRpDLfZP0Q4aHR0cHM6Ly93d3cuZm9vbC5jb20vcXVvdGUvbmFzZGFxL3ZydHgvP2xpZD1vdnNtemUzNW56b25XA3NwY0IKZxLZMipn0WFG7lIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAAH5)) released Q3 results, with a beat on both revenue and adjusted earnings per share (EPS) versus market expectations. - Performance of key treatments boosting revenue: Management also boosted its guidance for full-year revenue. Since it was first brought into the Fool universe as a Rule Breakers recommendation in 2005, the stock has beaten the S&P 500 by 3,783%! - A mixed bag relative to expectations: "The Monthly Dividend Company," Realty Income ([NYSE:O](~/AAQRxQA~/RgRpDLfZP0QzaHR0cHM6Ly93d3cuZm9vbC5jb20vcXVvdGUvbnlzZS9vLz9saWQ9bXA5NXF3cHc3cnBqVwNzcGNCCmcS2TIqZ9FhRu5SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAAB-Q~~)) also raised guidance in its latest results, on investment volume and adjusted funds from operations. Fool analyst Anthony Schiavone highlighted how management "increased its dividend for the 108th consecutive quarter [27 years].â 2. AI in the Spotlight DigitalOcean ([NYSE:DOCN](~/AAQRxQA~/RgRpDLfZP0Q2aHR0cHM6Ly93d3cuZm9vbC5jb20vcXVvdGUvbnlzZS9kb2NuLz9saWQ9eDNtdjJxdjJxODRxVwNzcGNCCmcS2TIqZ9FhRu5SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAAB-Q~~)) and Palantir Technologies ([NYSE:PLTR](~/AAQRxQA~/RgRpDLfZP0Q2aHR0cHM6Ly93d3cuZm9vbC5jb20vcXVvdGUvbnlzZS9wbHRyLz9saWQ9bzJhNm02emgydWthVwNzcGNCCmcS2TIqZ9FhRu5SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAAB-Q~~)) are seeing large swings in their stock price following earnings yesterday. - Heavily investing in AI capabilities: DigitalOcean finished down 13.5% even as it delivered a 12% increase in revenue and an 18% jump in adjusted EPS versus the same period last year. The disappointing outlook into the year-end was one contributing factor. - High demand for AI software: In pre-market trading, Palantir is up almost 14%. Revenue jumped 30% to $725.5 million, above the $703.7 million analyst consensus. Now trading at more than 100 times future earnings, itâs the most expensive software stock in the market. 3. Next Up: Data & More Earnings The Institute for Supply Management (ISM) will release the Services PMI for October, alongside New Orders information. - A final health check on the economy: The Services PMI is forecasted to fall from 54.9 previous to 53.8, but this reading would still be seen as expansionary (above 50). The data is the last major release ahead of the Federal Reserve meeting starting tomorrow. - More earnings due Tuesday: Globus Medical ([NYSE:GMED](~/AAQRxQA~/RgRpDLfZP0Q2aHR0cHM6Ly93d3cuZm9vbC5jb20vcXVvdGUvbnlzZS9nbWVkLz9saWQ9dWZnMnQ1Ymd1aGo5VwNzcGNCCmcS2TIqZ9FhRu5SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAAB-Q~~)) and South Korean e-commerce giant Coupang ([NYSE:CPNG](~/AAQRxQA~/RgRpDLfZP0Q2aHR0cHM6Ly93d3cuZm9vbC5jb20vcXVvdGUvbnlzZS9jcG5nLz9saWQ9ODV1MjZzN3puOWp3VwNzcGNCCmcS2TIqZ9FhRu5SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAAB-Q~~)) are set to report after the bell, as are Super Micro ([NASDAQ:SMCI](~/AAQRxQA~/RgRpDLfZP0Q4aHR0cHM6Ly93d3cuZm9vbC5jb20vcXVvdGUvbmFzZGFxL3NtY2kvP2xpZD14MHp2bmhsc3k0b3RXA3NwY0IKZxLZMipn0WFG7lIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAAH5)) among others. 4. Vote, and Keep Calm Historical data shows, for every Presidential election year between 1980 and present day, the stock market has risen between election day and year end. - Short-term volatility to be expected: The average move in the S&P 500 over the following week is -0.84%. However, when this broadens out to the end of the year, the average gain is 1.54%, according to data from CNBC. - The âelection is now center stage as the next catalyst for financial marketsâ: Amy Ho, director of strategic research at JPMorgan ([NYSE:JPM](~/AAQRxQA~/RgRpDLfZP0Q1aHR0cHM6Ly93d3cuZm9vbC5jb20vcXVvdGUvbnlzZS9qcG0vP2xpZD0xdnA0N21od284M2pXA3NwY0IKZxLZMipn0WFG7lIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAAH5)), notes uncertainty could persist for several days until the result is confirmed. The year so far, though, has already seen the best first 10 months of a presidential election year since 1936. 5. Foolish Fun A "busted IPO" is a company with a share price lower today than where it initially closed following its public market debut more than 18 months prior. Which of these busted IPO companies is most likely to outperform over the next 3 years: Airbnb, Lemonade, or Snowflake? Ask your friends which one they think will prevail -- or [become a member](~/AAQRxQA~/RgRpDLfZP0TdaHR0cHM6Ly93d3cuZm9vbC5jb20vbW1zL21hcmsvb3Atc2Etc28tYm4tMi8_bGlkPTB0NDlrbG9pdmk4eiZ1PTIwNDY2NTU4MTMmc291cmNlPWlzYWJuc2VtbDAwMDAwMDcmbWFpbGluZ19pZD1jYmIxMzU4Yi05YWVhLTRlNTUtOWE5NC05OWE5MmFlMThhMzImbWFpbGluZ19uYW1lPVZhcmlhbnQgMiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9c28mdXRtX2NhbXBhaWduPUJOT3B0SW5XA3NwY0IKZxLZMipn0WFG7lIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAAH5) to debate with your fellow Fools! See You Tomorrow? You can start your day ahead of the game with the marketâs top stories and key investing insights by subscribing to the Foolâs Breakfast News email. Just click below â itâs free! [Subscribe now!](~/AAQRxQA~/RgRpDLfZP0TbaHR0cHM6Ly93d3cuZm9vbC5jb20vbW1zL21hcmsvb3Atc2Etc28tYm4vP2xpZD1zemthb3NneGM4OHAmdT0yMDQ2NjU1ODEzJnNvdXJjZT1pc2FibnNlbWwwMDAwMDA3Jm1haWxpbmdfaWQ9Y2JiMTM1OGItOWFlYS00ZTU1LTlhOTQtOTlhOTJhZTE4YTMyJm1haWxpbmdfbmFtZT1WYXJpYW50IDImdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPXNvJnV0bV9jYW1wYWlnbj1CTk9wdEluVwNzcGNCCmcS2TIqZ9FhRu5SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAAB-Q~~) Image from Jester AI. How did you like this email? [Positive](~/AAQRxQA~/RgRpDLfZP0SaaHR0cHM6Ly93d3cuZm9vbC5jb20vbW1zL21hcmsvc2EtcG9zdC1zdXJ2ZXk_bGlkPW1veXpxamowdW13dCZvcD0xMTE4NSZ1PTIwNDY2NTU4MTMmbWFpbGluZ19pZD1jYmIxMzU4Yi05YWVhLTRlNTUtOWE5NC05OWE5MmFlMThhMzImbWFpbGluZ19uYW1lPVZhcmlhbnQgMlcDc3BjQgpnEtkyKmfRYUbuUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAAfk~) [Negative](~/AAQRxQA~/RgRpDLfZP0SsaHR0cHM6Ly93d3cuZm9vbC5jb20vdmlwL2ludmVzdG9yLWFsZXJ0L3NvLWVtYWlsLXN1cnZleS1mcm93bi8_bGlkPXd6bXZwNTI5ODEzYyZvcD0xMTE4MyZ1PTIwNDY2NTU4MTMmbWFpbGluZ19pZD1jYmIxMzU4Yi05YWVhLTRlNTUtOWE5NC05OWE5MmFlMThhMzImbWFpbGluZ19uYW1lPVZhcmlhbnQgMlcDc3BjQgpnEtkyKmfRYUbuUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAAfk~) If you have any questions, [check out our Help Center here](~/AAQRxQA~/RgRpDLfZP0QyaHR0cHM6Ly9zdXBwb3J0LmZvb2wuY29tL2hjL2VuLXVzP2xpZD1ucnN2dXR4dnBsN29XA3NwY0IKZxLZMipn0WFG7lIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAAH5). The Motley Fool, its directors, employees, contractors or staff may own positions in the companies mentioned in this email. For more details, please see our [disclosure policy](~/AAQRxQA~/RgRpDLfZP0RGaHR0cDovL3d3dy5mb29sLmNvbS9MZWdhbC9mb29sLWRpc2Nsb3N1cmUtcG9saWN5LmFzcHg_bGlkPWV2cmx0Ymw2OW9sYVcDc3BjQgpnEtkyKmfRYUbuUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAAfk~). The Motley Fool
2000 Duke Street
Alexandria, VA 22314 [Manage your email settings.](~/AAQRxQA~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) Copyright 2024 The Motley Fool. All rights reserved.