FED EXPECTED TO HOLD RATES AS DECEMBER HIKE LOOMS
The Federal Reserve is expected to hold rates this week, with markets heavily favoring another hike in December.
Chair Kevin Warsh faces a key communication challenge: explaining the pause despite persistent inflation driven by energy prices and AI infrastructure demand.
The key takeaway: Warsh's messaging could move Treasury yields, the dollar and tech stocks.
Related tickers: $SPY, $QQQ, $TLT, $UUP
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The Federal Reserve is expected to hold rates this week, with markets heavily favoring another hike in December.
Chair Kevin Warsh faces a key communication challenge: explaining the pause despite persistent inflation driven by energy prices and AI infrastructure demand.
The key takeaway: Warsh's messaging could move Treasury yields, the dollar and tech stocks.
Related tickers: $SPY, $QQQ, $TLT, $UUP
(@WalterBloomberg)
🇰🇷 GOLDMAN SACHS SEES 60% UPSIDE IN SOUTH KOREAN STOCKS
Goldman Sachs cut its 12-month KOSPI target to 9,000 from 12,000, but still sees over 60% upside.
The index has plunged 40% from its June peak, pushing forward valuations to just 4x earnings, despite record corporate profits.
The key takeaway: Goldman believes Korean equities are pricing in an excessively pessimistic outlook, particularly for semiconductors.
(@WalterBloomberg)
Goldman Sachs cut its 12-month KOSPI target to 9,000 from 12,000, but still sees over 60% upside.
The index has plunged 40% from its June peak, pushing forward valuations to just 4x earnings, despite record corporate profits.
The key takeaway: Goldman believes Korean equities are pricing in an excessively pessimistic outlook, particularly for semiconductors.
(@WalterBloomberg)
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$SPCX : BERNSTEIN RAISES TARGET PRICE TO $268 FROM $248
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$MRNA - MODERNA SHARES DOWN 9.3% PREMARKET AFTER OVER 18% FALL IN PREVIOUS TWO SESSIONS
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PAKISTAN ARMY CHIEF ARRIVES IN IRAN FOR REGIONAL SECURITY TALKS
According to Iranian TV, Pakistan's Army Chief Asim Munir has arrived in Tehran for the first Mecca Pact meeting with Iran.
Discussions reportedly include regional security and escalating Middle East tensions, although the full agenda remains unclear.
The key takeaway: A potentially significant diplomatic development amid heightened geopolitical risks.
(@WalterBloomberg)
According to Iranian TV, Pakistan's Army Chief Asim Munir has arrived in Tehran for the first Mecca Pact meeting with Iran.
Discussions reportedly include regional security and escalating Middle East tensions, although the full agenda remains unclear.
The key takeaway: A potentially significant diplomatic development amid heightened geopolitical risks.
(@WalterBloomberg)
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$TSLA $SPCX - BARCLAYS UPGRADES TESLA TO OVERWEIGHT, SEES SPACEX MERGER UPSIDE
Barclays upgraded $TSLA to Overweight, raising its price target to $450 from $370.
The bank sees a potential SpaceX merger as a major bullish catalyst, alongside accelerating Robotaxi adoption, stronger EV demand and AI-driven energy growth.
Tesla's energy business is reportedly nearly sold out for 2027.
The key takeaway: Barclays sees multiple upside catalysts, with a potential SpaceX deal central to its bull case.
Source: Barclays Research
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Barclays upgraded $TSLA to Overweight, raising its price target to $450 from $370.
The bank sees a potential SpaceX merger as a major bullish catalyst, alongside accelerating Robotaxi adoption, stronger EV demand and AI-driven energy growth.
Tesla's energy business is reportedly nearly sold out for 2027.
The key takeaway: Barclays sees multiple upside catalysts, with a potential SpaceX deal central to its bull case.
Source: Barclays Research
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TESLA SHARES GAIN 1.9% PREMARKET AFTER BARCLAYS UPGRADES TO OVERWEIGHT FROM EQUAL-WEIGHT
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$META - META ANNOUNCES LAUNCH OF OFFERING OF DEPOSITARY SHARES REPRESENTING SERIES A MANDATORY CONVERTIBLE PREFERRED STOCK AND OFFERING OF CLASS A COMMON STOCK IN CONNECTION WITH FORWARD SALE AGREEMENTS
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META RAISES $35 BILLION TO FUND AI EXPANSION
Meta ($META ) launched a $35B equity offering to finance AI infrastructure, including $22.5B in common stock and $12.5B in convertible preferred shares.
$NVDA, $AMD and $AVGO have expressed interest in investing up to $5B combined.
Meta targets $135B–$145B in 2026 capex, with another $60B stock-sale program planned for 2027.
The key risk: Rising AI financing needs and potential shareholder dilution.
(@WalterBloomberg)
Meta ($META ) launched a $35B equity offering to finance AI infrastructure, including $22.5B in common stock and $12.5B in convertible preferred shares.
$NVDA, $AMD and $AVGO have expressed interest in investing up to $5B combined.
Meta targets $135B–$145B in 2026 capex, with another $60B stock-sale program planned for 2027.
The key risk: Rising AI financing needs and potential shareholder dilution.
(@WalterBloomberg)
$VZ - VERIZON BEATS EPS ESTIMATES, ADDS TWICE AS MANY PHONE SUBSCRIBERS AS EXPECTED
Verizon Q3 results:
🔸 Adjusted EPS: $1.31 vs. $1.27 expected
🔸 Revenue: $34.3B vs. $34.74B expected
🔸 Postpaid phone additions: 406K vs. 209K expected
🔸 Broadband additions: 314K
Verizon also announced an AI infrastructure deal with Amazon Web Services worth over $2B.
FY guidance: Adjusted EPS of $5.04–$5.06, with 1.1M–1.2M postpaid phone additions.
The key takeaway: Strong subscriber growth and an AWS AI deal offset a modest revenue miss, while Verizon maintains its capex outlook.
Related tickers: $VZ, $AMZN, $T
Source: Verizon Q3 Earnings Release
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Verizon Q3 results:
🔸 Adjusted EPS: $1.31 vs. $1.27 expected
🔸 Revenue: $34.3B vs. $34.74B expected
🔸 Postpaid phone additions: 406K vs. 209K expected
🔸 Broadband additions: 314K
Verizon also announced an AI infrastructure deal with Amazon Web Services worth over $2B.
FY guidance: Adjusted EPS of $5.04–$5.06, with 1.1M–1.2M postpaid phone additions.
The key takeaway: Strong subscriber growth and an AWS AI deal offset a modest revenue miss, while Verizon maintains its capex outlook.
Related tickers: $VZ, $AMZN, $T
Source: Verizon Q3 Earnings Release
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MORGAN STANLEY SEES POST-ELECTION MARKET REBOUND
Morgan Stanley's Michael Wilson expects the current equity correction to end as several major risks clear, including the U.S. midterm elections.
S&P 500 targets:
🔸 Near-term downside: 7,100–7,200
🔸 Year-end base case: 8,000
Wilson identifies three catalysts: AI financing concerns, midterm elections and tightening financial conditions.
The key takeaway: Liquidity remains the biggest near-term risk, but a potential Fed pivot could trigger a market rebound. Morgan Stanley notes that midterm elections have historically been followed by strong 6–12-month equity returns.
Related tickers: $SPY , $QQQ , $IWM , $TLT
Source: Morgan Stanley — Michael Wilson
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Morgan Stanley's Michael Wilson expects the current equity correction to end as several major risks clear, including the U.S. midterm elections.
S&P 500 targets:
🔸 Near-term downside: 7,100–7,200
🔸 Year-end base case: 8,000
Wilson identifies three catalysts: AI financing concerns, midterm elections and tightening financial conditions.
The key takeaway: Liquidity remains the biggest near-term risk, but a potential Fed pivot could trigger a market rebound. Morgan Stanley notes that midterm elections have historically been followed by strong 6–12-month equity returns.
Related tickers: $SPY , $QQQ , $IWM , $TLT
Source: Morgan Stanley — Michael Wilson
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GOLDMAN SACHS WARNS GLOBAL GROWTH RISKS ARE BUILDING
Goldman Sachs expects global growth to remain broadly stable in 2027 but warns that higher energy prices, rising bond yields and slowing AI investment are increasing downside risks.
With AI's impact on employment becoming more visible and inflation expected to decline, Goldman anticipates fewer central-bank rate hikes than markets currently price in.
The key takeaway: Slower AI spending and tighter financial conditions threaten growth, but less aggressive monetary tightening could provide relief.
Related tickers: $SPY, $QQQ, $TLT, $XLE
Source: Goldman Sachs
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Goldman Sachs expects global growth to remain broadly stable in 2027 but warns that higher energy prices, rising bond yields and slowing AI investment are increasing downside risks.
With AI's impact on employment becoming more visible and inflation expected to decline, Goldman anticipates fewer central-bank rate hikes than markets currently price in.
The key takeaway: Slower AI spending and tighter financial conditions threaten growth, but less aggressive monetary tightening could provide relief.
Related tickers: $SPY, $QQQ, $TLT, $XLE
Source: Goldman Sachs
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MORGAN STANLEY WARNS OF BRAZIL MARKET SELLOFF
Morgan Stanley forecasts a 20%–30% drop in Brazilian equities following Lula's election victory.
The bank sees USD/BRL reaching 5.60, potentially 6.00 if fiscal concerns worsen, alongside 300–400 bps of pressure on interbank rates.
The key takeaway: Rising fiscal risks threaten Brazil's currency, bonds and equities.
Related tickers: $EWZ, $PBR, $VALE
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Morgan Stanley forecasts a 20%–30% drop in Brazilian equities following Lula's election victory.
The bank sees USD/BRL reaching 5.60, potentially 6.00 if fiscal concerns worsen, alongside 300–400 bps of pressure on interbank rates.
The key takeaway: Rising fiscal risks threaten Brazil's currency, bonds and equities.
Related tickers: $EWZ, $PBR, $VALE
(@WalterBloomberg)
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FRENCH PRESIDENT MACRON: WE KNOW NEXT SATURDAY IS ANOTHER SATURDAY WILL BE A DAY OF RISK
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U.S. S&P 500 E-MINI FUTURES UP 0.4%, NASDAQ 100 FUTURES UP 0.5%, DOW FUTURES UP 0.5%
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YARDENI SEES UPCOMING MARKET SELLOFFS AS BUYING OPPORTUNITIES
Ed Yardeni expects further market volatility but remains bullish on U.S. equities, citing strong earnings and economic fundamentals.
Key risks include geopolitical escalation, Fed rate hikes, midterm election uncertainty and AI investment concerns.
Yardeni targets the S&P 500 at 7,900 by year-end and 8,400 by mid-2027, supported by projected 2027 earnings of $425 per share.
(@WalterBloomberg)
Ed Yardeni expects further market volatility but remains bullish on U.S. equities, citing strong earnings and economic fundamentals.
Key risks include geopolitical escalation, Fed rate hikes, midterm election uncertainty and AI investment concerns.
Yardeni targets the S&P 500 at 7,900 by year-end and 8,400 by mid-2027, supported by projected 2027 earnings of $425 per share.
(@WalterBloomberg)
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ANTHROPIC IPO REPORTEDLY ON TRACK FOR NOVEMBER
Anthropic is reportedly preparing to file its S-1 registration at 9 a.m. ET Monday, with an IPO potentially taking place November 19–20, according to Fox Business.
Semiconductor stocks moved higher following the report, reflecting improved sentiment toward AI-related equities.
The key takeaway: A successful Anthropic IPO could provide a major test of investor appetite for AI valuations amid growing concerns over infrastructure spending and financing costs.
(@WalterBloomberg)
Anthropic is reportedly preparing to file its S-1 registration at 9 a.m. ET Monday, with an IPO potentially taking place November 19–20, according to Fox Business.
Semiconductor stocks moved higher following the report, reflecting improved sentiment toward AI-related equities.
The key takeaway: A successful Anthropic IPO could provide a major test of investor appetite for AI valuations amid growing concerns over infrastructure spending and financing costs.
(@WalterBloomberg)
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