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Morgan Stanley: Lineage third-quarter preview: Cold-storage demand stabilizes, but freight and interest weigh on per-share earnings

Morgan Stanley expects Lineage’s third-quarter results to be broadly in line with consensus, but higher oil prices and interest costs may prompt the company to lower its full-year AFFO per share guidance. Rising cold-storage inventories and slowing new supply show signs of improvement, while excess capacity, pricing and logistics costs continue to constrain profit recovery.

Citi: Yihe's third-quarter profit beats expectations as electronics and semiconductors take over, while battery demand growth slows

Third-quarter net profit in 2026 rose 48% year on year, beating the Visible Alpha consensus by 25%. Electronics and semiconductor demand drove growth, but the battery business slowed and margins remained under pressure.

Goldman Sachs: Solar production cuts fail to ease polysilicon inventory pressure as costs squeeze wafer and glass margins

Solar supply-chain prices were broadly stable in October, but higher polysilicon and natural gas costs squeezed spot margins for wafers and glass. Polysilicon inventories continued to rise even as production was cut, while the recovery in global module demand was weaker than seasonal norms.

Evercore ISI: Gulf crude exports rebound, while onshore inventories and diesel supplies remain tight

Evercore ISI has lowered its forecast for global oil inventory draws in the fourth quarter of 2026 from 3.5 million barrels per day to 1.1 million barrels per day, but oil accumulating at sea, record freight rates and refinery damage mean the benefits of the supply-demand recovery are unevenly distributed.

Evercore ISI: Lam Research posts a modest earnings beat; next-quarter EPS guidance matches consensus

Revenue and earnings per share for the quarter ending in September were both slightly above market consensus, while China revenue rose 65% quarter over quarter; however, EPS guidance for the quarter ending in December merely matched consensus, and the stock fell about 5% in after-hours trading.

Evercore ISI: Meta’s third-quarter advertising revenue beats expectations; legal costs weigh on reported profit

Excluding currency effects, Meta’s third-quarter revenue grew 26% year over year, slightly below the 27% recorded in the second quarter. Operating income excluding legal costs beat market expectations by about 13%, but the reported margin was significantly weighed down by settlement costs.

Evercore ISI: Texas Instruments Beats Third-Quarter Expectations: Analog Chip Growth Amplifies Fab Profits

Texas Instruments’ third-quarter revenue rose 28% year over year, with analog chips accounting for ninety percent of the increase; its fourth-quarter revenue and earnings guidance also exceeded market consensus. Evercore ISI is optimistic about long-term market share gains while viewing the muted after-hours reaction as a sign that the semiconductor cycle is in its later stages.

Evercore ISI: QuantumScape plans 100MWh production line, targeting data centers and a 2028 start

Evercore ISI estimates that the new line could generate annualized revenue of 70 million to 130 million dollars at full capacity; the company is seeking non-dilutive financing, while specific customers and funding arrangements remain to be determined.

J.P. Morgan: Which property stocks hold up better when Hong Kong shares fall? JPMorgan answers three questions this week

Hong Kong conglomerates have generally held up better during major Hang Seng Index declines; the recent relative strength of large mainland Chinese property companies owned by the central government may reflect a rotation of capital. Hongkong Land’s LANDMARK renovation is also progressing, with tenant sales so far unaffected by construction.

J.P. Morgan: Asia Vital Components’ third-quarter revenue beats expectations; ASIC liquid-cooling delay lowers fourth-quarter growth forecast

Demand for cooling in AI servers and the new iPhone drove Asia Vital Components’ third-quarter revenue above expectations. JPMorgan expects gross margin to keep rising, but has pushed back the ramp-up of ASIC liquid-cooling projects by about two months and lowered its fourth-quarter revenue and gross-margin forecasts.

J.P. Morgan: SLB raises revenue outlook but faces margin pressure from data center expansion

Middle East operations have yet to return to prior-year levels, but SLB still expects its core oilfield services businesses to outperform the industry in 2027. JPMorgan raised its revenue forecast and lowered its EBITDA forecast, with the expansion of the lower-margin data center business a key factor.

Wells Fargo: Packaging industry third-quarter earnings preview: Rebounding costs and weak demand squeeze the sector, while beverage cans hold a relative advantage

Wells Fargo expects packaging companies to narrow or lower their full-year guidance and remain cautious about 2027; beverage-can demand and some paper-packaging companies’ ability to realize price increases are the main points of differentiation.

J.P. Morgan: Ategrity’s premium growth slows and investment losses weigh on third-quarter earnings; JPMorgan cuts price target

Third-quarter underwriting performance beat expectations, but premium growth and investment returns fell short. JPMorgan lowered its earnings forecasts and price target, while maintaining that the valuation reflects greater investment volatility.

J.P. Morgan: China tech third-quarter earnings in brief: Cambricon inventories jump, Apple supply chain awaits product-cycle recovery

JPMorgan says Cambricon’s revenue met lowered expectations, but inventories rose sharply; results at two Apple suppliers were weaker than seasonal norms, while the declines in China Telecom’s revenue and profit narrowed.

Citi: Advanced Energy earnings preview: 2027 growth and 800V data-center power supply in focus

Citi expects the company’s revenue and earnings per share for the quarter ending in December to exceed market consensus by approximately 2% and 4%, respectively, and sees an opportunity to increase product value per system from 800V DC power supply.

Wells Fargo: US equity sentiment triggers a buy signal as the focus of AI investment shifts to capital discipline

Wells Fargo believes investor sentiment has become excessively pessimistic, but slowing earnings growth and weak liquidity will limit any rebound. In AI, it favors large cloud providers and infrastructure software, and expects semiconductor stocks to reach progressively lower highs.

J.P. Morgan: AI chip testing takes longer: Why does JPMorgan prefer test sockets to probe cards?

JPMorgan expects the high-performance computing test interface market to expand rapidly from 2026 to 2028, but suppliers’ ability to turn demand into profit depends on their share of qualified business, capacity expansion and the supply of key components.

J.P. Morgan: China’s metals consumption rebounds after holiday: copper inventories fall sharply, but steel output continues to weaken

JPMorgan’s tracking shows that Chinese copper, aluminium and zinc inventories all fell in the first full trading week after the National Day holiday. Meanwhile, steel output was at a multiyear low for the period, while iron ore miners benefited from lower freight costs.

Bank of America: CTA cross-asset position cuts accelerate: Treasury shorts covered, S&P approaches sell trigger

A Bank of America model shows that shorts in intermediate- and long-term US Treasuries have been substantially covered, while S&P 500 futures are only about 0.5% from the first CTA sell trigger. Over the coming week, systematic strategies could net sell 48 billion US dollars of global equities even if markets are flat.

J.P. Morgan: Semiconductor ETF inflows hit a record, while CTA signals point to lower risk in US and Japanese equities

JPMorgan tracking shows semiconductor ETFs drew net inflows of 12.7 billion dollars in one week, with money shifting toward unleveraged products. Meanwhile, bond ETFs attracted demand and gold saw outflows, while trend-trading signals indicate reductions in US and Japanese equity positions.